<SEC-DOCUMENT>0001108426-17-000048.txt : 20171027
<SEC-HEADER>0001108426-17-000048.hdr.sgml : 20171027
<ACCEPTANCE-DATETIME>20171027161029
ACCESSION NUMBER:		0001108426-17-000048
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		94
CONFORMED PERIOD OF REPORT:	20170930
FILED AS OF DATE:		20171027
DATE AS OF CHANGE:		20171027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNM RESOURCES INC
		CENTRAL INDEX KEY:			0001108426
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32462
		FILM NUMBER:		171159549

	BUSINESS ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
		BUSINESS PHONE:		5052412700

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		STREET 2:		ATTN: MS 0905 - CATHY MARTINEZ
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MANZANO CORP
		DATE OF NAME CHANGE:	20000303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUBLIC SERVICE CO OF NEW MEXICO
		CENTRAL INDEX KEY:			0000081023
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06986
		FILM NUMBER:		171159551

	BUSINESS ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
		BUSINESS PHONE:		5058482700

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEXAS NEW MEXICO POWER CO
		CENTRAL INDEX KEY:			0000022767
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				750204070
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	002-97230
		FILM NUMBER:		171159550

	BUSINESS ADDRESS:	
		STREET 1:		577 N. GARDEN RIDGE BLVD.
		CITY:			LEWISVILLE
		STATE:			TX
		ZIP:			75067
		BUSINESS PHONE:		8177310099

	MAIL ADDRESS:	
		STREET 1:		4100 INTERNATIONAL PLAZA
		STREET 2:		PO BOX 2943
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76113

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY PUBLIC SERVICE CO
		DATE OF NAME CHANGE:	19810617
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>pnm930201710-q.htm
<DESCRIPTION>10-Q
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s64F9915D4DF8BD64D715E7FF26E91DE3"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Washington, D.C.  20549</font></div><div style="line-height:120%;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM 10-Q</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Mark One)</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:450px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:34px;"></td><td style="width:414px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;[X]</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">For the quarterly period ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:19%;"></td><td style="width:1%;"></td><td style="width:59%;"></td><td style="width:1%;"></td><td style="width:20%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commission File</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Name of Registrants, State of Incorporation,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">I.R.S. Employer</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Address and Telephone Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Identification No.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">001-32462</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85-0468296</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(A New Mexico Corporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, New Mexico  87102-3289</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(505) 241-2700</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">001-06986</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85-0019030</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(A New Mexico Corporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, New Mexico  87102-3289</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(505) 241-2700</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">002-97230</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75-0204070</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(A Texas Corporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">577 N. Garden Ridge Blvd.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lewisville, Texas  75067</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(972) 420-4189</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:108%;text-indent:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether each registrant (1)&#160;has filed all reports required to be filed by Section&#160;13 or 15(d)&#160;of the Securities Exchange Act of 1934 during the preceding 12&#160;months (or for such shorter period that the registrant was required to file such reports) and (2)&#160;has been subject to such filing requirements for the past 90 days. </font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:40px;"></td><td style="width:541px;"></td><td style="width:34px;"></td><td style="width:16px;"></td><td style="width:34px;"></td><td style="width:16px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc. (&#8220;PNMR&#8221;)</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico (&#8220;PNM&#8221;)</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company (&#8220;TNMP&#8221;)</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(NOTE:  As a voluntary filer, not subject to the filing requirements, TNMP filed all reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.)</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether each registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  </font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:40px;"></td><td style="width:541px;"></td><td style="width:34px;"></td><td style="width:16px;"></td><td style="width:34px;"></td><td style="width:16px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">YES</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NO</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><hr style="page-break-after:always"><div><a name="sAD44C8282E555815279EE7FF72B36D4E"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,  smaller reporting company, or an emerging growth company.  See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.  </font></div><div style="line-height:67%;text-indent:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:631px;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:112px;"></td><td style="width:37px;"></td><td style="width:14px;"></td><td style="width:36px;"></td><td style="width:6px;"></td><td style="width:33px;"></td><td style="width:14px;"></td><td style="width:32px;"></td><td style="width:6px;"></td><td style="width:74px;"></td><td style="width:14px;"></td><td style="width:74px;"></td><td style="width:5px;"></td><td style="width:33px;"></td><td style="width:14px;"></td><td style="width:33px;"></td><td style="width:5px;"></td><td style="width:33px;"></td><td style="width:14px;"></td><td style="width:33px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Large accelerated </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">filer</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accelerated </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">filer</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-accelerated </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">filer (Do not check if a smaller reporting company)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Smaller reporting company</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#252;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:108%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="font-family:Wingdings 2;font-size:10pt;">&#163;</font></div><div style="line-height:108%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether any of the registrants is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES </font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;&#160;    NO </font><font style="font-family:Wingdings;font-size:10pt;text-decoration:underline;">&#252;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">79,653,624</font><font style="font-family:inherit;font-size:10pt;">&#32;shares of common stock, no par value per share, of PNMR were outstanding.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The total number of shares of common stock of PNM outstanding as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">39,117,799</font><font style="font-family:inherit;font-size:10pt;">&#32;all held by PNMR (and none held by non-affiliates).</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The total number of shares of common stock of TNMP outstanding as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">6,358</font><font style="font-family:inherit;font-size:10pt;">&#32;all held indirectly by PNMR (and none held by non-affiliates).</font></div><div style="line-height:108%;text-align:justify;text-indent:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM AND TNMP MEET THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS (H) (1) (a) AND (b) OF FORM 10-Q AND ARE THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT PURSUANT TO GENERAL INSTRUCTION (H) (2).</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This combined Form 10-Q is separately filed by PNMR, PNM, and TNMP.&#160; Information contained herein relating to any individual registrant is filed by such registrant on its own behalf.&#160; Each registrant makes no representation as to information relating to the other registrants.&#160; When&#160;this Form 10-Q is incorporated by reference into any filing with the SEC made by PNMR, PNM, or TNMP, as a registrant, the portions of this Form 10-Q that relate to each&#160;other registrant&#160;are not incorporated by reference therein. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><a name="s4999C0C95645763EC330E7FF270890C7"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INDEX</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:88%;"></td><td style="width:12%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Page No.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s7756E405CE35448DFE0CE7FF7306EBD5"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">GLOSSARY</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s7756E405CE35448DFE0CE7FF7306EBD5"> 4</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#sCC325A9EAF128FB89BB4E7FF7337B1DB"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">PART I.  FINANCIAL INFORMATION</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s487C14AFF1D2939A0BA4E7FF735952C0"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s5A5AF79A2F0EAB0CECACE7FF2708D952"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s61389A4269AF6C262673E7FF2708F251"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Earnings</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s61389A4269AF6C262673E7FF2708F251"> 8</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sEC993ABB337E36C70214E7FF2756D8F6"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Comprehensive Income</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sEC993ABB337E36C70214E7FF2756D8F6"> 9</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s9C11C8BB05982094EF99E7FF2775F559"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Cash Flows</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s9C11C8BB05982094EF99E7FF2775F559"> 10</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s64FA52221F0A32F2DDE7E7FF27B4FCC0"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Balance Sheets</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s64FA52221F0A32F2DDE7E7FF27B4FCC0"> 12</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sBABA88302D02108229E2E7FF2811AB5E"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statement of Changes in Equity</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sBABA88302D02108229E2E7FF2811AB5E"> 14</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s3F7A8A9E5BDC150DA60EE7FF74D8EB03"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sA117BB2512D67197D2F1E7FF288EED50"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Earnings</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sA117BB2512D67197D2F1E7FF288EED50"> 15</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sBF416598A1457B27CC88E7FF28ECAEEA"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Comprehensive Income</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sBF416598A1457B27CC88E7FF28ECAEEA"> 16</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s7FC46C848F528AF74122E7FF293AF2BB"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Cash Flows</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s7FC46C848F528AF74122E7FF293AF2BB"> 17</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s33935D469184D01DD568E7FF297890A3"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Balance Sheets</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s33935D469184D01DD568E7FF297890A3"> 19</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sE86C283D0EAA02899286E7FF2A62E8A1"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statement of Changes in Equity</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sE86C283D0EAA02899286E7FF2A62E8A1"> 21</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s8D0C7A3CC5ED153FD79DE7FF7625CF1D"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s98D9EC8ADC29BDB44C00E7FF2AB04A25"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Earnings</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s98D9EC8ADC29BDB44C00E7FF2AB04A25"> 22</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sE709845116212252017EE7FF2AEFDD28"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statements of Cash Flows</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sE709845116212252017EE7FF2AEFDD28"> 23</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sF96FF605F7032E5D038BE7FF2B0E455D"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Balance Sheets</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sF96FF605F7032E5D038BE7FF2B0E455D"> 24</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s237504882A6210C82338E7FF2B3D9DA7"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Condensed Consolidated Statement of Changes in Common Stockholder's Equity</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s237504882A6210C82338E7FF2B3D9DA7"> 26</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s07020323794FF6DE29B7E7FF2B5C7BE5"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></a></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s07020323794FF6DE29B7E7FF2B5C7BE5"> 27</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s04C42945F4A261ECDA0FE7FF7B5C4895"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 2.  MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s04C42945F4A261ECDA0FE7FF7B5C4895"> 84</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s24F8AA8C95F6391DFFE1E7FF3D51F430"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s24F8AA8C95F6391DFFE1E7FF3D51F430"> 126</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s32E10985F72331843784E7FF7E6D36C6"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 4.  CONTROLS AND PROCEDURES</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s32E10985F72331843784E7FF7E6D36C6"> 130</a></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#sF64BE5FE735BC8C842F0E7FF7E9C4FD0"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">PART II.  OTHER INFORMATION</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s004E1FFD6611A63DDBB9E7FF7EBE6155"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 1.  LEGAL PROCEEDINGS</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s004E1FFD6611A63DDBB9E7FF7EBE6155"> 130</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#sDA93117FF196D009C341E7FF7EEF85F7"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 1A.  RISK FACTORS</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sDA93117FF196D009C341E7FF7EEF85F7"> 130</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#sC82F8D6661BD82BBAD65E7FF7F45E567"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">ITEM 6.  EXHIBITS</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#sC82F8D6661BD82BBAD65E7FF7F45E567"> 131</a></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:10pt;"><a style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;" href="#s8ECF8091145792E990C2E7FF7F830C11"><font style="font-family:inherit;font-size:10pt;font-weight:bold;color:#000000;text-decoration:none;">SIGNATURE</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s8ECF8091145792E990C2E7FF7F830C11"> 132</a></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;3</font></div></div><hr style="page-break-after:always"><div><a name="s7756E405CE35448DFE0CE7FF7306EBD5"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GLOSSARY</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:133px;"></td><td style="width:5px;"></td><td style="width:544px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Definitions:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2014 IRP</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s 2014 IRP</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017 IRP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s 2017 IRP</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABCWUA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque Bernalillo County Water Utility Authority</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Afton</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Afton Generating Station</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AFUDC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for Funds Used During Construction</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AMI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advanced Metering Infrastructure </font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AMS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advanced Meter System</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AOCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated Other Comprehensive Income</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">APS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Arizona Public Service Company, the operator and a co-owner of PVNGS and Four Corners</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounting Standards Update</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BACT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Best Available Control Technology</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BART</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Best Available Retrofit Technology</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BDT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balanced Draft Technology</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BHP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BHP Billiton, Ltd</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Board</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Board of Directors of PNMR</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BTMU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Bank of Tokyo-Mitsubishi UFJ, Ltd.</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BTMU Term Loan Agreement</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Capital&#8217;s $125.0 Million Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BTU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">British Thermal Unit</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CAA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Clean Air Act</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CCB</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal Combustion Byproduct</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CCN</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certificate of Convenience and Necessity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CIAC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contributions in Aid of Construction</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carbon Dioxide</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CSA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal Supply Agreement</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CTC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Competition Transition Charge</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DC Circuit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Court of Appeals for the District of Columbia Circuit</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DOE</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Department of Energy</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DOI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Department of Interior</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EGU</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric Generating Unit</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EIS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Environmental Impact Study</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Environmental Protection Agency</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ERCOT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric Reliability Council of Texas</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ESA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Endangered Species Act</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exchange Act</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Securities Exchange Act of 1934</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Farmington</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The City of Farmington, New Mexico</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FASB</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial Accounting Standards Board</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FERC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federal Energy Regulatory Commission</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federal Implementation Plan</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners Power Plant</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FPPAC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fuel and Purchased Power Adjustment Clause</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FTY</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Future Test Year</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Generally Accepted Accounting Principles in the United States of America</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GHG</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Greenhouse Gas Emissions</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:133px;"></td><td style="width:5px;"></td><td style="width:544px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gigawatt hours</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IRP</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Integrated Resource Plan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IRS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Internal Revenue Service</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ISFSI</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Independent Spent Fuel Storage Installation</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">KW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kilowatt</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">KWh</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kilowatt Hour</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">La Luz</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">La Luz Generating Station</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LIBOR</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">London Interbank Offered Rate</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lightning Dock Geothermal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lightning Dock geothermal power facility, also known as the Dale Burgett Geothermal Plant</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lordsburg</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lordsburg Generating Station</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Luna</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Luna Energy Facility</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MD&amp;A</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MMBTU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Million BTUs</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moody&#8217;s</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moody&#8217;s Investor Services, Inc.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Megawatt</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MWh</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Megawatt Hour</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NAAQS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">National Ambient Air Quality Standards</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navajo Acts</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navajo Nation Air Pollution Prevention and Control Act, Navajo Nation Safe Drinking Water Act, and Navajo Nation Pesticide Act</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NDT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nuclear Decommissioning Trusts for PVNGS</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navopache Electric Cooperative, Inc.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEE</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Energy Economy</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEPA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">National Environmental Policy Act</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NERC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">North American Electric Reliability Corporation</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Wind</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Wind Energy Center</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM 2015 Rate Case</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Request for a General Increase in Electric Rates Filed by PNM on August 27, 2015</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM 2016 Rate Case</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Request for a General Increase in Electric Rates Filed by PNM on December 7, 2016</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Capital Utility Corporation, an unregulated wholly-owned subsidiary of PNMR</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Supreme Court</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Supreme Court</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMAG</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Attorney General</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMED</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Environment Department</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMIEC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Industrial Energy Consumers Inc.</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMMMD</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Mining and Minerals Division of the New Mexico Energy, Minerals and Natural Resources Department</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMPRC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Public Regulation Commission</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOx</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nitrogen Oxides</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOPR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notice of Proposed Rulemaking</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NPDES</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">National Pollutant Discharge Elimination System</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NRC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Nuclear Regulatory Commission</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NSPS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Source Performance Standards</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NSR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Source Review</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NTEC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navajo Transitional Energy Company, LLC, an entity owned by the Navajo Nation</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Comprehensive Income</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OPEB</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Post Employment Benefits</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OSM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Office of Surface Mining Reclamation and Enforcement</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PCRBs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pollution Control Revenue Bonds</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;5</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:133px;"></td><td style="width:5px;"></td><td style="width:544px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico and Subsidiaries, a wholly-owned subsidiary of PNMR</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM 2016 Term Loan Agreement</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s $175.0 Million Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM 2017 Senior Unsecured Note Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s Agreement for the sale of Senior Unsecured Notes, aggregating $450.0 million</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM 2017 Term Loan Agreement</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s $200.0 Million Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM 2018 SUNs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s Senior Unsecured Notes to be issued under the PNM 2017 Senior Unsecured Note Agreement</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s $50.0 Million Unsecured Revolving Credit Facility </font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s $400.0 Million Unsecured Revolving Credit Facility</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc. and Subsidiaries</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2015 Term </font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Loan Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s $150.0 Million Three-Year Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2016 One-Year Term Loan</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s $100.0 Million One-Year Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2016 Two-Year Term Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s $100.0 Million Two-Year Unsecured Term Loan</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Development</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Development and Management Corporation, an unregulated wholly-owned subsidiary of PNMR</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s $300.0 Million Unsecured Revolving Credit Facility</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PPA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Power Purchase Agreement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PSA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Power Sales Agreement</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PSD</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prevention of Significant Deterioration</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PUCT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Utility Commission of Texas</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PV</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Photovoltaic</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PVNGS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Palo Verde Nuclear Generating Station</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Juan Project Restructuring Agreement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RCRA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Resource Conservation and Recovery Act</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RCT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reasonable Cost Threshold</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico&#8217;s Renewable Energy Act of 2004</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Renewable Energy Certificates</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Red Mesa Wind</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Red Mesa Wind Energy Center</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REP</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retail Electricity Provider</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RFP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Request For Proposal</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rio Bravo</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rio Bravo Generating Station</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RMC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk Management Committee</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ROE</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Return on Equity</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RPS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Renewable Energy Portfolio Standard</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">S&amp;P</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Standard and Poor&#8217;s Ratings Services</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SCR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Selective Catalytic Reduction</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SEC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Securities and Exchange Commission</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SIP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State Implementation Plan</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SJCC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Juan Coal Company</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SJGS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Juan Generating Station</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SNCR</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Selective Non-Catalytic Reduction</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:133px;"></td><td style="width:5px;"></td><td style="width:544px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sulfur Dioxide</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TECA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas Electric Choice Act</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenth Circuit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States Court of Appeals for the Tenth Circuit</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company and Subsidiaries, a wholly-owned subsidiary of TNP</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP 2017 Bond Purchase Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP&#8217;s Agreement for the issuance of $60.0 Million First Mortgage Bonds</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP&#8217;s $75.0 Million Secured Revolving Credit Facility</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNP Enterprises, Inc. and Subsidiaries, a wholly-owned subsidiary of PNMR</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tri-State</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tri-State Generation and Transmission Association, Inc.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tucson</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tucson Electric Power Company</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">UG-CSA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Underground Coal Sales Agreement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">US Supreme Court</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supreme Court of the United States</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia Energy Facility</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">VaR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value at Risk</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">VIE</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Variable Interest Entity</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WACC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted Average Cost of Capital</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WEG</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WildEarth Guardians</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Coal Company</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Capital&#8217;s $125.0 million loan to WSJ </font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WSJ</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland San Juan, LLC, an indirect wholly-owned subsidiary of Westmoreland</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;7</font></div></div><hr style="page-break-after:always"><div><a name="sCC325A9EAF128FB89BB4E7FF7337B1DB"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PART I. FINANCIAL INFORMATION</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s487C14AFF1D2939A0BA4E7FF735952C0"></a></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 1. FINANCIAL STATEMENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s5A5AF79A2F0EAB0CECACE7FF2708D952"></a></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s61389A4269AF6C262673E7FF2708F251"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:88.0859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:54%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Electric Operating Revenues</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">419,900</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">400,374</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,112,398</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,026,726</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Operating Expenses:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">103,748</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">108,766</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">310,818</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">282,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Administrative and general</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,268</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,942</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">138,923</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">139,214</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Energy production costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,460</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">98,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">112,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory disallowances and restructuring costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,451</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,225</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58,821</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">53,017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,829</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">153,801</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transmission and distribution costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,801</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,056</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">50,309</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,965</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Taxes other than income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">57,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">57,598</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">277,416</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">292,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">828,849</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">812,327</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">142,484</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">108,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">283,549</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">214,399</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Income and Deductions:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,582</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,348</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,420</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Gains on available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,406</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,531</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,730</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,380</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,275</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,884</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">14,626</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,571</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,866</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net other income and deductions</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,692</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,255</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,746</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">36,347</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Interest Charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,467</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">96,137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">97,179</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Earnings before Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">121,070</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,859</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">221,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">153,567</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">42,743</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">27,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">50,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">78,327</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58,556</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">146,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">103,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Earnings) Attributable to Valencia Non-controlling Interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,456</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,006</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Preferred Stock Dividend Requirements of Subsidiary</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings Attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings Attributable to PNMR per Common Share:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.92</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.68</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.68</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.15</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.68</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Dividends Declared per Common Share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.2425</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.2200</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.7275</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.6600</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;8</font></div></div><hr style="page-break-after:always"><div><a name="sEC993ABB337E36C70214E7FF2756D8F6"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.234375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:56%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">78,327</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58,556</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">146,004</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">103,473</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Comprehensive Income (Loss):</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Unrealized Gains on Available-for-Sale Securities</font><font style="font-family:inherit;font-size:9pt;">:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Unrealized holding gains arising during the period, net of income tax (expense) of $(2,871), $(1,877), $(8,654), and $(1,216)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,528</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,933</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,648</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,899</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification adjustment for (gains) included in net earnings, net of income tax expense of $1,601, $1,985, $4,302, and $3,955</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,101</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,786</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,180</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Pension Liability Adjustment:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification adjustment for amortization of experience (gains) losses recognized as net periodic benefit cost, net of income tax expense (benefit) of $(626), $(537), $(1,878), and $(1,611)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">987</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">839</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,517</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Fair Value Adjustment for Cash Flow Hedges:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Change in fair market value, net of income tax (expense) benefit of $(4), $(172), $108, and $509</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">269</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(170</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification adjustment for (gains) losses included in net earnings, net of income tax expense (benefit) of $(62), $(79), $(187), and $(224)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">99</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">123</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">297</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">349</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Other Comprehensive Income (Loss)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,063</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive Income</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">81,421</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">59,619</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">155,954</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">101,262</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;text-indent:-8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive (Income) Attributable to Valencia Non-controlling Interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,452</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,037</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;text-indent:-8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Preferred Stock Dividend Requirements of Subsidiary</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive Income Attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">76,833</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">55,481</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">144,106</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">89,829</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;9</font></div></div><hr style="page-break-after:always"><div><a name="s9C11C8BB05982094EF99E7FF2775F559"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.2265625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Operating Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">146,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">103,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjustments to reconcile net earnings to net cash flows from operating activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">200,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">178,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,224</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">50,302</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net unrealized (gains) losses on commodity derivatives</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">968</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,179</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Realized (gains) on available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,730</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(15,380</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Stock based compensation expense</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,322</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,401</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory disallowances and restructuring costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,225</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Allowance for equity funds used during construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,217</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,058</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,409</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,104</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Changes in certain assets and liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable and unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,077</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,145</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials, supplies, and fuel stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(203</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,629</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,761</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,819</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(5,981</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,916</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,729</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,192</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,722</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,588</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(19,431</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,292</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,297</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from operating activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">417,337</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">320,986</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Investing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Additions to utility and non-utility plant</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(353,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(502,530</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from sales of available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">456,577</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,989</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(461,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(284,706</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Return of principal on PVNGS lessor notes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,547</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in Westmoreland Loan</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(122,250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal repayments on Westmoreland Loan </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,770</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">160</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">179</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(329,042</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(604,771</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;10</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.421875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Financing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revolving credit facilities borrowings (repayments), net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">105,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Long-term borrowings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">317,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,500</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment of long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(263,323</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(288,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from stock option exercise</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,739</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,668</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Awards of common stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(14,920</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(58,344</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(52,967</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Valencia&#8217;s transactions with its owner</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,327</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts received under transmission interconnection arrangements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,879</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,262</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Refunds paid under transmission interconnection arrangements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,368</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,246</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,872</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,698</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(49,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">245,415</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change in Cash and Cash Equivalents</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">38,627</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(38,370</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at Beginning of Period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,522</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,051</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at End of Period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">43,149</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,681</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental Cash Flow Disclosures:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest paid, net of amounts capitalized</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,356</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,537</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income taxes paid (refunded), net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">625</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">850</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental schedule of noncash investing activities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Increase) decrease in accrued plant additions</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,499</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,208</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;11</font></div></div><hr style="page-break-after:always"><div><a name="s64FA52221F0A32F2DDE7E7FF27B4FCC0"></a></div><div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.2890625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:74%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">43,149</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,522</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable, net of allowance for uncollectible accounts of $1,063 and $1,209</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">107,428</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">87,012</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">57,241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58,284</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other receivables</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,567</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,245</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current portion of Westmoreland Loan</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">38,360</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials, supplies, and fuel stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,179</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">73,027</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,855</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,093</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,224</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income taxes receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,761</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,066</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">56,421</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">73,444</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">374,535</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">378,039</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Property and Investments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Long-term portion of Westmoreland Loan</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">53,958</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">56,640</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">306,444</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">272,977</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other investments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-utility property</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,404</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,404</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total other property and investments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">364,192</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">333,568</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Utility Plant:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Plant in service, held for future use, and to be abandoned</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,133,646</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,944,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Less accumulated depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,431,695</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,334,938</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,701,951</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,609,596</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Construction work in progress</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">301,466</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">208,206</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Nuclear fuel, net of accumulated amortization of $49,895 and $43,905</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">88,702</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">86,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net utility plant</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,092,119</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,904,715</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Charges and Other Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">489,416</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">501,223</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">278,297</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">278,297</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,846</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">94,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,238</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred charges and other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">866,408</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">854,758</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,697,254</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,471,080</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;12</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:74%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands, except share information)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Short-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">266,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">287,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current installments of long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">165,312</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">273,348</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">89,882</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">86,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Customer deposits</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,951</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,374</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">83,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">61,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,156</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,609</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,279</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,339</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends declared</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,448</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,448</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,069</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">59,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">710,885</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">805,108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,282,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,119,364</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Credits and Other Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accumulated deferred income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,015,967</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">940,650</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">456,740</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">455,649</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Asset retirement obligations</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">133,841</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">127,519</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued pension liability and postretirement benefit cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">116,812</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">125,844</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred credits</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132,098</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">140,545</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred credits and other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,859,304</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,790,207</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,852,579</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,714,679</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Commitments and Contingencies (See Note 11)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cumulative Preferred Stock of Subsidiary</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,529</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,529</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Equity:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PNMR common stockholders&#8217; equity:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Common stock (no par value; 120,000,000 shares authorized; issued and outstanding  79,653,624 shares)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,156,906</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,163,661</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accumulated other comprehensive income (loss), net of income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,501</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Retained earnings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">691,332</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">604,742</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total PNMR common stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,765,737</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,675,952</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-controlling interest in Valencia</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,920</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,833,146</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,744,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,697,254</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,471,080</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;13</font></div></div><hr style="page-break-after:always"><div><a name="sBABA88302D02108229E2E7FF2811AB5E"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:34%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Attributable to PNMR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">controlling</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Interest</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">in Valencia</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Common</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">AOCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Retained</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total PNMR Common Stockholders&#8217; Equity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Equity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at December 31, 2016, as originally reported</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,163,661</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">604,742</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,675,952</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,920</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,744,872</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cumulative effect adjustment (Note 8)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,382</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,382</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,382</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at January 1, 2017, as adjusted</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,163,661</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">615,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,686,334</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,920</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,755,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings before subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">134,552</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">134,552</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,452</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">146,004</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total other comprehensive income </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends declared on common stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(57,948</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(57,948</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(57,948</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from stock option exercise</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,739</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,739</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,739</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Awards of common stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Stock based compensation expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Valencia&#8217;s transactions with its owner</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,156,906</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">691,332</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,765,737</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,833,146</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNMR, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;14</font></div></div><hr style="page-break-after:always"><div><a name="s3F7A8A9E5BDC150DA60EE7FF74D8EB03"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sA117BB2512D67197D2F1E7FF288EED50"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:56%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Electric Operating Revenues</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">327,254</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">311,276</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">854,909</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">780,228</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Operating Expenses:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">82,367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">88,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">246,635</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">222,376</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Administrative and general</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">42,026</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">41,370</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">127,012</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">122,553</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Energy production costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,460</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">98,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">112,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory disallowances and restructuring costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,451</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,225</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">36,764</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">109,228</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">97,778</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transmission and distribution costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,207</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,311</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,301</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">29,868</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Taxes other than income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,837</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">214,002</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">231,219</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">644,163</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">635,115</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">113,252</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,057</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">210,746</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">145,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Income and Deductions:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,782</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,457</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Gains on available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,406</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,531</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,730</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,380</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,762</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,270</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,578</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,826</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,790</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(8,076</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,653</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net other income and deductions</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">26,381</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,854</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Interest Charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,213</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">62,393</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">66,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Earnings before Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">100,925</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,333</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">174,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">104,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">35,642</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,343</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">58,865</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,131</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,283</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">44,990</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Earnings) Attributable to Valencia Non-controlling Interest</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,456</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,006</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,452</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,037</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings Attributable to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,827</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,984</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">104,417</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">61,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Preferred Stock Dividends Requirements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings Available for PNM Common Stock</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">104,021</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,909</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;15</font></div></div><hr style="page-break-after:always"><div><a name="sBF416598A1457B27CC88E7FF28ECAEEA"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.2578125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:56%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,283</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">44,990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,869</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,342</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Comprehensive Income (Loss):</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Unrealized Gains on Available-for-Sale Securities</font><font style="font-family:inherit;font-size:9pt;">:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:18px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Unrealized holding gains arising during the period, net of income tax (expense) of $(2,871), $(1,877), $(8,654), and $(1,216)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,528</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,933</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,648</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,899</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:18px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification adjustment for (gains) included in net earnings, net of income tax expense of $1,601, $1,985, $4,302, and $3,955</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,101</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,786</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,180</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Pension Liability Adjustment:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:18px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Reclassification adjustment for amortization of experience (gains) losses recognized as net periodic benefit cost, net of income tax expense (benefit) of $(626), $(537), $(1,878), and $(1,611)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">987</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">839</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Other Comprehensive Income (Loss)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,989</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,823</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive Income </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,661</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">125,692</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70,578</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive (Income) Attributable to Valencia Non-controlling Interest</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,456</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,006</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,452</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,037</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Comprehensive Income Attributable to PNM</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">63,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">41,655</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">114,240</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">59,541</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;16</font></div></div><hr style="page-break-after:always"><div><a name="s7FC46C848F528AF74122E7FF293AF2BB"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:83.0078125%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Operating Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjustments to reconcile net earnings to net cash flows from operating activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">134,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">122,344</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">59,866</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,175</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net unrealized (gains) losses on commodity derivatives</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">968</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,179</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Realized (gains) on available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,730</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(15,380</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory disallowances and restructuring costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,225</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Allowance for equity funds used during construction</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(5,908</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,654</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,091</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Changes in certain assets and liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable and unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,881</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,283</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials, supplies, and fuel stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,385</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,731</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,488</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,925</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,117</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">123</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,819</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,221</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,146</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,988</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(18,908</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(8,792</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,401</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from operating activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">297,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">228,642</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Investing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Utility plant additions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(206,499</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(377,637</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from sales of available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">456,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(461,126</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(284,706</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Return of principal on PVNGS lessor notes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">150</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">171</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(210,898</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(372,636</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;17</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:83.0078125%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Financing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revolving credit facilities borrowings (repayments), net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(61,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">42,400</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Long-term borrowings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">257,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">321,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment of long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(232,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(271,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Equity contribution from parent</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,538</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Valencia&#8217;s transactions with its owner</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,327</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts received under transmission interconnection arrangements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,879</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,262</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Refunds paid under transmission interconnection arrangements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,368</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,246</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,944</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(47,848</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">102,749</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change in Cash and Cash Equivalents</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,046</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(41,245</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at Beginning of Period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">324</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">43,138</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at End of Period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,370</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,893</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental Cash Flow Disclosures:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest paid, net of amounts capitalized</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">48,627</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">53,791</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income taxes paid (refunded), net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental schedule of noncash investing activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Increase) decrease in accrued plant additions</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,399</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,200</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;18</font></div></div><hr style="page-break-after:always"><div><a name="s33935D469184D01DD568E7FF297890A3"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.6796875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:74%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,370</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">324</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable, net of allowance for uncollectible accounts of $1,063 and $1,209</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">79,668</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,003</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">48,289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other receivables</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,510</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,514</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Affiliate receivables</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,944</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,886</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials, supplies, and fuel stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">63,016</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,401</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,442</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,093</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,224</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income taxes receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">26,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,807</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">48,883</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,355</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">331,618</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">314,245</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Property and Investments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Available-for-sale securities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">306,444</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">272,977</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other investments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">316</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-utility property</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">96</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">96</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total other property and investments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">306,706</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">273,389</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Utility Plant:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Plant in service, held for future use, and to be abandoned</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,463,764</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,359,211</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Less accumulated depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,881,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,809,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,582,393</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,549,683</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Construction work in progress</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">223,677</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">158,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Nuclear fuel, net of accumulated amortization of $49,895 and $43,905</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">88,702</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">86,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net utility plant</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,894,772</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,794,718</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Charges and Other Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">349,453</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">365,413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">51,632</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">51,632</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,789</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,149</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred charges and other assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">490,720</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">485,194</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,023,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,867,546</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;19</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:71%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands, except share information)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDER&#8217;S EQUITY</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Short-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">61,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current installments of long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">231,880</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,088</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">55,566</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Affiliate payables</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,738</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">23,183</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Customer deposits</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,951</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">52,041</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,819</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,138</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,517</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,279</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,339</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends declared</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transmission interconnection arrangement liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,167</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">522</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,532</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,029</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">191,066</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">457,361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,657,396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,399,489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Credits and Other Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accumulated deferred income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">810,995</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">748,666</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">423,477</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">423,701</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Asset retirement obligations</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">126,601</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued pension liability and postretirement benefit cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">106,742</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">114,427</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Commodity derivative instruments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred credits</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">106,762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">118,980</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred credits and liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,584,700</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,532,375</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,433,162</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,389,225</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Commitments and Contingencies (See Note 11)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cumulative Preferred Stock</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,529</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,529</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Equity:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PNM common stockholder&#8217;s equity:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,264,918</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,264,918</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accumulated other comprehensive income (loss), net of income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92,428</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Retained earnings</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">329,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">225,382</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total PNM common stockholder&#8217;s equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,511,716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,397,872</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-controlling interest in Valencia</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,920</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,579,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,466,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,023,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,867,546</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;20</font></div></div><hr style="page-break-after:always"><div><a name="sE86C283D0EAA02899286E7FF2A62E8A1"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:31%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Attributable to PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="4" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total PNM</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Common<br>Stockholder&#8217;s<br>Equity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="4" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">controlling</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#160;Interest in Valencia</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Common</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">AOCI</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Retained</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Equity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,264,918</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92,428</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">225,382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,397,872</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">68,920</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,466,792</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">104,417</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">104,417</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,452</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,869</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total other comprehensive income </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,823</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,823</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,823</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends declared on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(396</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Valencia&#8217;s transactions with its owner</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,963</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,264,918</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">329,403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,511,716</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,579,125</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to PNM, are an integral part of these condensed consolidated financial statements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;21</font></div></div><hr style="page-break-after:always"><div><a name="s8D0C7A3CC5ED153FD79DE7FF7625CF1D"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s98D9EC8ADC29BDB44C00E7FF2AB04A25"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:88.4765625%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:56%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Electric Operating Revenues</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">92,646</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">89,098</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">257,489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">246,498</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Operating Expenses:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,381</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,201</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Administrative and general</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,765</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,588</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,402</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">29,382</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,354</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47,392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,760</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transmission and distribution costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,594</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,745</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,008</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,097</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Taxes other than income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,008</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,851</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,778</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">63,172</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,739</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">183,763</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">176,210</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">29,474</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,359</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">73,726</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70,288</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Income and Deductions:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,258</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,376</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,621</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,999</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:8px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,030</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(521</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,229</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(860</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net other income and deductions</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,228</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">855</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,392</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,139</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Interest Charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,704</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,619</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,150</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Earnings before Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,998</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,906</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">53,499</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">50,277</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Income Taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,053</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net Earnings</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">14,727</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,853</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,535</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,817</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to TNMP, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;22</font></div></div><hr style="page-break-after:always"><div><a name="sE709845116212252017EE7FF2AEFDD28"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:83.0078125%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Operating Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,535</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjustments to reconcile net earnings to net cash flows from operating activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:26px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">48,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47,055</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:26px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,578</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(739</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:26px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Allowance for equity funds used during construction</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(309</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(405</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:26px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(296</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">14</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:26px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Changes in certain assets and liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable and unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,196</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,428</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:50px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials and supplies</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,102</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:50px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,674</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,570</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(13,799</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(8,415</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">669</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,758</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,550</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,896</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">945</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(363</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:38px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,633</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:50px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from operating activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">83,802</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">75,605</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flows From Investing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Utility plant additions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(106,914</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(93,048</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:50px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(106,914</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(93,048</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash Flow From Financing Activities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revolving credit facilities borrowings (repayments), net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(59,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Short-term borrowings (repayments) &#8211; affiliate, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,600</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(11,800</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Long-term borrowings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">60,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Equity contribution from parent</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">50,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(29,663</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,965</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(874</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(775</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:50px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash flows from financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,863</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change in Cash and Cash Equivalents</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,751</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at Beginning of Period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and Cash Equivalents at End of Period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,422</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,018</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental Cash Flow Disclosures:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest paid, net of amounts capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,721</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,642</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income taxes paid (refunded), net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">750</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">850</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Supplemental schedule of noncash investing activities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Increase) decrease in accrued plant additions</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(251</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to TNMP, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;23</font></div></div><hr style="page-break-after:always"><div><a name="sF96FF605F7032E5D038BE7FF2B0E455D"></a></div><div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.2890625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:75%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,422</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">671</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">27,760</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,009</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Unbilled revenues</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,441</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,995</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other receivables</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,698</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,090</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Materials and supplies</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,626</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">898</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">413</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,609</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,031</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">51,991</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">44,835</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other Property and Investments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other investments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">220</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">231</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-utility property</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,240</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,240</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total other property and investments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,471</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Utility Plant:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Plant in service and plant held for future use</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,433,901</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,380,584</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Less accumulated depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">449,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">429,397</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">984,425</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">951,187</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Construction work in progress</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">53,545</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,978</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net utility plant</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,037,970</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">968,165</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Charges and Other Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">139,963</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">135,810</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">226,665</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">226,665</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,277</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred charges and other assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">372,798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">367,752</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,465,219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,383,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to TNMP, are an integral part of these condensed consolidated financial statements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;24</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC.</font></div><div style="line-height:120%;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:74%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(In thousands, except share information)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDER&#8217;S EQUITY</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Short-term debt &#8211; affiliate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,578</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,709</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Affiliate payables</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,736</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,793</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued interest and taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">59,131</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,581</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,210</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">78,673</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,909</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">480,589</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">420,875</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Deferred Credits and Other Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accumulated deferred income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">254,525</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">245,785</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Regulatory liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,263</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,948</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Asset retirement obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">789</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">754</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued pension liability and postretirement benefit cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,070</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,417</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other deferred credits</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,203</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,300</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total deferred credits and other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">307,850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">296,204</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">867,112</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">789,988</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Commitments and Contingencies (See Note 11)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Common Stockholder&#8217;s Equity:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding              6,358 shares)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Paid-in-capital</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">454,166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">454,166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:9px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Retained earnings</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">143,877</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">139,005</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:17px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total common stockholder&#8217;s equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">598,107</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">593,235</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,465,219</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,383,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to TNMP, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;25</font></div></div><hr style="page-break-after:always"><div><a name="s237504882A6210C82338E7FF2B3D9DA7"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A WHOLLY-OWNED SUBSIDIARY OF PNM RESOURCES, INC. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN COMMON STOCKHOLDER&#8217;S EQUITY</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:78.515625%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:48%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Common Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Paid-in Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Retained Earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Common Stockholder&#8217;s Equity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">454,166</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">139,005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">593,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net earnings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,535</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,535</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends declared on common stock</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(29,663</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(29,663</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">454,166</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">143,877</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">598,107</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes, as they relate to TNMP, are an integral part of these condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;26</font></div></div><hr style="page-break-after:always"><div><a name="s07020323794FF6DE29B7E7FF2B5C7BE5"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s0A30D59A21BF38020200E7FF2B5C07CF"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Accounting Policies and Responsibility for Financial Statements</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Statement Preparation</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, the accompanying unaudited interim Condensed Consolidated Financial Statements reflect all normal and recurring accruals and adjustments that are necessary to present fairly the consolidated financial position at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the consolidated results of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016, and the consolidated cash flows for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;">.  The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could ultimately differ from those estimated.  Weather causes the Company&#8217;s results of operations to be seasonal in nature and the results of operations presented in the accompanying Condensed Consolidated Financial Statements are not necessarily representative of operations for an entire year.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Notes to Condensed Consolidated Financial Statements include disclosures for PNMR, PNM, and TNMP.  This report uses the term &#8220;Company&#8221; when discussing matters of common applicability to PNMR, PNM, and TNMP.  Discussions regarding only PNMR, PNM, or TNMP are so indicated.  Certain amounts in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">&#32;financial statement presentation.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These Condensed Consolidated Financial Statements are unaudited.  Certain information and note disclosures normally included in the annual Consolidated Financial Statements have been condensed or omitted, as permitted under the applicable rules and regulations.  Readers of these financial statements should refer to PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s audited Consolidated Financial Statements and Notes thereto that are included in their respective </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP defines subsequent events as events or transactions that occur after the balance sheet date, but before financial statements are issued or are available to be issued.  Based on their nature, magnitude, and timing, certain subsequent events may be required to be reflected at the balance sheet date and/or required to be disclosed in the financial statements.  The Company has evaluated subsequent events as required by GAAP.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Condensed Consolidated Financial Statements of each of PNMR, PNM, and TNMP include their accounts and those of subsidiaries in which that entity owns a majority voting interest.  PNM also consolidates Valencia (Note 5) and, through January 15, 2016, the PVNGS Capital Trust.  PNM owns undivided interests in several jointly-owned power plants and records its pro-rata share of the assets, liabilities, and expenses for those plants.  The agreements for the jointly-owned plants provide that if an owner were to default on its payment obligations, the non-defaulting owners would be responsible for their proportionate share of the obligations of the defaulting owner.  In exchange, the non-defaulting owners would be entitled to their proportionate share of the generating capacity of the defaulting owner.  There have been </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;such payment defaults under any of the agreements for the jointly-owned plants.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain PNMR shared services&#8217; expenses, which represent costs that are primarily driven by corporate level activities, are charged to the business segments.  These services are billed at cost and are reflected as general and administrative expenses in the business segments.  Other significant intercompany transactions between PNMR, PNM, and TNMP include interest and income tax sharing payments, as well as equity transactions.  All intercompany transactions and balances have been eliminated.  See Note 14.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dividends on Common Stock</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends on PNMR&#8217;s common stock are declared by the Board.  The timing of the declaration of dividends is dependent on the timing of meetings and other actions of the Board.  This has historically resulted in dividends considered to be attributable to the second quarter of each year being declared through actions of the Board during the third quarter of the year.  The Board </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;27</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">declared dividends on common stock considered to be for the second quarter of </font><font style="font-family:inherit;font-size:10pt;">$0.2425</font><font style="font-family:inherit;font-size:10pt;">&#32;per share in July 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.22</font><font style="font-family:inherit;font-size:10pt;">&#32;in July 2016, which are reflected as being in the second quarter within &#8220;Dividends Declared per Common Share&#8221; on the PNMR Condensed Consolidated Statements of Earnings.  The Board declared dividends on common stock considered to be for the third quarter of </font><font style="font-family:inherit;font-size:10pt;">$0.2425</font><font style="font-family:inherit;font-size:10pt;">&#32;per share in September 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.22</font><font style="font-family:inherit;font-size:10pt;">&#32;per share in September 2016, which are reflected as being in the third quarter within &#8220;Dividends Declared per Common Share&#8221; on the PNMR Condensed Consolidated Statement of Earnings.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP declared and paid cash dividends on common stock to PNMR of </font><font style="font-family:inherit;font-size:10pt;">$29.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the nine months ended September 30, 2017.  PNM and TNMP declared and paid cash dividends on common stock to PNMR of </font><font style="font-family:inherit;font-size:10pt;">$4.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$18.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the nine months ended September 30, 2016.  In the nine months ended September 30, 2016, PNMR made equity contributions of </font><font style="font-family:inherit;font-size:10pt;">$28.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to PNM and </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to TNMP.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below.  The Company does not expect difficulty in adopting these standards by their required effective dates.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2014-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Revenue from Contracts with Customers (Topic 606)</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also revises the disclosure requirements regarding revenue.  Since the issuance of ASU 2014-09, the FASB issued a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year deferral of the effective date and has issued additional ASUs that clarify implementation guidance regarding principal versus agent considerations, licensing, and identifying performance obligations, as well as adding certain additional practical expedients.  When it becomes effective, the new standard will replace most existing revenue recognition guidance in GAAP.  ASU 2014-09 can be applied retrospectively to each prior period presented or on a modified retrospective basis with a cumulative effect adjustment to retained earnings on the date of adoption.  The Company anticipates adopting ASU 2014-09 on January 1, 2018, its required effective date, using the modified retrospective method of adoption.  </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has substantially completed its assessment of ASU 2014-09, but, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding certain industry specific issues.  These industry specific issues include the impacts of the new guidance on its accounting for CIAC and the presentation of revenues associated with &#8220;alternative revenue programs,&#8221; which primarily result from the Company&#8217;s approved rate rider programs.  Although conclusions have not been finalized, the Company does not anticipate a material change in revenue recognition under the new requirements.  The Company continues to analyze the financial statement presentation and disclosure requirements of ASU 2014-09.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-01 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Financial Instruments (Subtopic 825-10):</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, which makes targeted improvements to GAAP regarding financial instruments.  ASU 2016-01 eliminates the requirement to classify investments in equity securities with readily determinable fair values into trading or available-for-sale categories and requires those equity securities to be measured at fair value with changes in fair value recognized in net income rather than in OCI.  ASU 2016-01 also revises certain presentation and disclosure requirements.  Under ASU 2016-01, accounting for investments in debt securities remains essentially unchanged.  PNM currently classifies the investments held in the NDT and coal mine reclamation trusts as available-for-sale securities.  Unrealized losses on these securities are recorded immediately through earnings and unrealized gains are recorded in AOCI until the securities are sold.  The Company will adopt ASU 2016-01 on January 1, 2018, its required effective date.  At that time any unrealized gains, net of income taxes, recorded in AOCI related to equity securities will be reclassified to retained earnings as a cumulative effect adjustment and future changes in the value of equity securities will be recorded in earnings.  The amount of the cumulative adjustment upon adoption will depend on the amounts recorded in AOCI at that time, but PNM had unrealized gains on equity securities, net of income taxes, recorded in AOCI of </font><font style="font-family:inherit;font-size:10pt;">$9.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at September 30, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;28</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-02 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Leases (Topic 842)</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02 to provide guidance on the recognition, measurement, presentation, and disclosure of leases.  ASU 2016-02 will require that a liability be recorded on the balance sheet for all leases, based on the present value of future lease obligations.  A corresponding right-of-use asset will also be recorded.  Amortization of the lease obligation and the right-of-use asset for certain leases, primarily those classified as operating leases, will be on a straight-line basis, which is not expected to have a significant impact on the statements of earnings or cash flows, whereas other leases will be required to be accounted for as financing arrangements similar to the accounting treatment for capital leases under current GAAP.  ASU 2016-02 also revises certain disclosure requirements.  Although early adoption of the standard is permitted, the Company does not plan to adopt this standard prior to January 1, 2019, its required effective date.  At adoption of ASU 2016-02, leases will be recognized and measured as of the earliest period presented using a modified retrospective approach.  This approach requires all periods presented to be restated under the new guidance, but allows entities to apply certain practical expedients to arrangements that exist upon adoption or expired during the periods presented. </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As further discussed in Note 7 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, the Company has operating leases of office buildings, vehicles, and equipment.  The Company also routinely enters into land easements and right-of-way agreements, but only a limited number of these agreements are considered leases under the current guidance.  PNM also has operating lease interests in PVNGS Units 1 and 2 that will expire in January 2023 and 2024.  The Company, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding industry specific issues for further clarification, including the treatment of land easements under ASU 2016-02.  The Company has formed a project team, conducted outreach activities across its lines of business, and made significant progress in identifying arrangements, in addition to its existing operating lease arrangements, that may be classified as leases under ASU 2016-02.  It is likely the arrangements currently classified as leases will continue to be recognized as leases under ASU 2016-02.  It is possible that other contractual arrangements not previously meeting the lease definition may contain elements that qualify as leases and that previously identified operating leases may be classified as financing leases under ASU 2016-02.  The Company is in the process of analyzing each of the identified contractual arrangement to determine if it contains lease elements under the new standard and quantifying the potential impacts of identified lease arrangements.  The Company is also evaluating the practical expedients, if any, it will elect upon adoption.  The Company anticipates this process will continue into 2018. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-13 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets.  The Company anticipates adopting ASU 2016-13 on January 1, 2020 although early adoption is permitted beginning on January 1, 2019.  The Company is in the process of analyzing the impacts of this new standard, but does not anticipate it will have a significant impact on its financial statements.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-18 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230): Restricted Cash</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, which requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows and adds disclosures necessary to reconcile such amounts to cash and cash equivalents on the balance sheets.  ASU 2016-18 does not provide a definition of what should be considered restricted cash.  Upon adoption, ASU 2016-18 requires the use of a retrospective transition method for each period presented.  The Company continues to analyze the impacts of ASU 2016-18, but does not believe the new standard will have a significant impact on its financial statements.  The Company will adopt ASU 2016-18 on January 1, 2018, its required effective date. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-04 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Intangibles </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process.  Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill).  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;29</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  ASU 2017-04 eliminates the second step of the impairment analysis.  Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference.  The Company anticipates it will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date, although early adoption is permitted.  However, if there is an indication of potential impairment of goodwill as a result of an impairment assessment prior to 2020, the Company will evaluate the impact of ASU 2017-04 and could elect to early adopt this standard.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-07 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension and other postretirement benefit costs.  Currently, the Company presents all of its net periodic benefit costs, net of amounts capitalized to construction and other accounts, as administrative and general expenses on its statements of earnings.  The amendments in ASU 2017-07 require the service cost component of net benefit costs be presented in the same line item or items as employees&#8217; compensation.  The other components of net benefit cost (the &#8220;non-service cost components&#8221;) are required to be presented in the income statement separately from the service cost component and outside of operating income with disclosures identifying where the non-service cost components have been presented.  ASU 2017-07 also limits capitalization to only the service cost component of benefit costs.  PNMR and its subsidiaries maintain qualified defined benefit pension and OPEB plans.  Currently, net periodic benefit cost for the Company&#8217;s defined benefit pension plans do not include a service cost component and there is only a minor amount of service cost for the OPEB plans.  Additional information about the Company&#8217;s benefit plans is discussed in Note 12 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 10.  ASU 2017-07 requires retrospective presentation of the service and non-service cost components of net benefit costs in the income statement and prospective application regarding the capitalization of only the service cost component of net benefit costs.  The Company believes PNM and TNMP can continue to capitalize the non-service cost components of net benefit costs as regulatory assets to the extent attributable to regulated operations and does not anticipate ASU 2017-07 will have a significant impact on its financial statements.  The Company will adopt the standard on January 1, 2018, its required effective date.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-12 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12 to better align hedge accounting with an organization&#8217;s risk management activities and to simplify the application of hedge accounting guidance.  ASU 2017-12 is effective for the Company on January 1, 2019 although early adoption is permitted beginning on January 1, 2018.  As discussed in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 9, the Company periodically enters into, and designates as cash flow hedges, interest rate swaps to hedge its exposure to changes in interest rates. In addition, as discussed in Note 8 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 7, the Company enters into various derivative instruments to economically hedge the risk of changes in commodity prices, which are not designated as cash flow hedges.  The Company is evaluating the requirements of ASU 2017-12, but does not anticipate the changes will have a significant impact on the Company&#8217;s accounting treatment for derivative instruments or on its financial statements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;30</font></div></div><hr style="page-break-after:always"><div><a name="s9D0E0C79AFE53425FB06E7FF2B5CFF31"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings Per Share</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with GAAP, dual presentation of basic and diluted earnings per share is presented in the Condensed Consolidated Statements of Earnings of PNMR.  Information regarding the computation of earnings per share is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:646px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:337px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:top;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Number of Common Shares:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding during period</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Vested awards of restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Basic</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,938</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dilutive Effect of Common Stock Equivalents:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options and restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">263</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">377</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:37px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Diluted</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,154</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,117</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,132</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,130</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Per Share of Common Stock:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.67</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s816FE2F3643D36AAF309E7FF2B6B093F"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment Information</font></div></td></tr></table><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following segment presentation is based on the methodology that management uses for making operating decisions and assessing performance of its various business activities.  A reconciliation of the segment presentation to the GAAP financial statements is provided.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM includes the retail electric utility operations of PNM that are subject to traditional rate regulation by the NMPRC.  PNM provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico.  PNM also includes the generation and sale of electricity into the wholesale market, as well as providing transmission services to third parties.  The sale of electricity includes the asset optimization of PNM&#8217;s jurisdictional capacity, as well as the capacity excluded from retail rates.  FERC has jurisdiction over wholesale power and transmission rates.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP is an electric utility providing services in Texas under the TECA.  TNMP&#8217;s operations are subject to traditional rate regulation by the PUCT.  TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP&#8217;s service area.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Corporate and Other</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company.  The activities of PNMR Development and NM Capital are also included in Corporate and Other.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present summarized financial information for PNMR by segment.  PNM and TNMP each operate in only one segment.  Therefore, tabular segment information is not presented for PNM and TNMP.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;31</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR SEGMENT INFORMATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.54970760233918%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:47%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2017</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">327,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,646</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">419,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,367</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,381</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,265</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,871</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,367</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,391</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,847</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,424</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,633</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,821</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113,252</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,474</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(242</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">142,484</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,782</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,582</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,342</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,228</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(460</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,110</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,704</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,925</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,998</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,853</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,070</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,642</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,743</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,283</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,327</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854,909</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">257,489</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,112,398</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,635</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">310,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">608,274</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,306</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801,580</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">345,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,228</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,392</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,209</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,829</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">210,746</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,726</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,457</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,891</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,348</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,924</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(918</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(62,393</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,619</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,499</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,075</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,865</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,021</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2017:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,023,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,465,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,697,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;32</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.15984405458089%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:46%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,098</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">400,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,565</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,201</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,766</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,711</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">291,608</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,342</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,184</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,006</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,520</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,312</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,354</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,351</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,057</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,359</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(345</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,071</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,095</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,980</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">855</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(184</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,651</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,213</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,467</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,333</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,906</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(380</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,859</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,343</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,053</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,990</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,556</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">780,228</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,498</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,026,726</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,376</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557,852</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186,376</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">744,228</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">314,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,261</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">376,028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,778</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,760</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,263</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,801</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,002</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214,399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,549</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,871</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,420</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,517</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,927</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,150</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,535</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(97,179</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,277</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,567</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,131</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(497</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,909</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2016:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,799,012</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,366,840</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,818</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,403,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;33</font></div></div><hr style="page-break-after:always"><div><a name="sF247804C330D368CAE3EE7FF2BE87D87"></a></div><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information regarding accumulated other comprehensive income (loss) for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.35477582846003%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:32%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains on</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">for Cash</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liability</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Flow</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Hedges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,320</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,088</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,839</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,249</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">484</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,765</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(187</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(278</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,024</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,546</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,862</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,961</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,823</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,182</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93,787</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:584px;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:194px;"></td><td style="width:9px;"></td><td style="width:74px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:62px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:51px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:66px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:51px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,346</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(88,822</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,432</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,135</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,128</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,007</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">573</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,434</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,955</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,344</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,120</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,305</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,810</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">509</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,281</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(447</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,065</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(86,305</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,240</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,643</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-tax amounts reclassified from AOCI related to &#8220;Unrealized Gains on Available-for-Sale Securities&#8221; are included in &#8220;Gains on available-for-sale securities&#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &#8220;Pension Liability Adjustment&#8221; are reclassified to &#8220;Operating Expenses &#8211; Administrative and general&#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &#8220;Fair Value Adjustment for Cash Flow Hedges&#8221; are reclassified to &#8220;Interest Charges&#8221; in the Condensed Consolidated Statements of Earnings.  An insignificant amount is included in capitalized interest.  The income tax impacts of all amounts reclassified from AOCI are included in &#8220;Income Taxes&#8221; in the Condensed Consolidated Statements of Earnings.</font></div><div><a name="sB519370BBCD3B5E584DAE7FF2C274508"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Variable Interest Entities</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP determines how an enterprise evaluates and accounts for its involvement with variable interest entities, focusing primarily on whether the enterprise has the power to direct the activities that most significantly impact the economic performance of a variable interest entity (&#8220;VIE&#8221;).  GAAP also requires continual reassessment of the primary beneficiary of a VIE.  Additional information concerning PNM&#8217;s VIEs is contained in Note 9 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;34</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Valencia</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has a PPA to purchase all of the electric capacity and energy from Valencia, a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">158</font><font style="font-family:inherit;font-size:10pt;">&#32;MW natural gas-fired power plant near Belen, New Mexico, through May 2028.  A third party built, owns, and operates the facility while PNM is the sole purchaser of the electricity generated.  PNM is obligated to pay fixed operation and maintenance and capacity charges in addition to variable operation and maintenance charges under this PPA.  For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$14.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for fixed charges and </font><font style="font-family:inherit;font-size:10pt;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for variable charges.  For the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$14.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for fixed charges and </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for variable charges.  PNM does not have any other financial obligations related to Valencia.  The assets of Valencia can only be used to satisfy its obligations and creditors of Valencia do not have any recourse against PNM&#8217;s assets.  During the term of the PPA, PNM has the option, under certain conditions, to purchase and own up to </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;of the plant or the VIE.  The PPA specifies that the purchase price would be the greater of </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;of book value reduced by related indebtedness or </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;of fair market value.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has concluded that the third-party entity that owns Valencia is a VIE and that PNM is the primary beneficiary of the entity under GAAP since PNM has the power to direct the activities that most significantly impact the economic performance of Valencia and will absorb the majority of the variability in the cash flows of the plant.  As the primary beneficiary, PNM consolidates Valencia in its financial statements.  Accordingly, the assets, liabilities, operating expenses, and cash flows of Valencia are included in the Condensed Consolidated Financial Statements of PNM although PNM has no legal ownership interest or voting control of the VIE.  The assets and liabilities of Valencia set forth below are immaterial to PNM and, therefore, not shown separately on the Condensed Consolidated Balance Sheets.  The owner&#8217;s equity and net income of Valencia are considered attributable to non-controlling interest. </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summarized financial information for Valencia is as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Results of Operations</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:448px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:182px;"></td><td style="width:9px;"></td><td style="width:50px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:50px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,859</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,356</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,880</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,350</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,504</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings attributable to non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,456</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,006</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,452</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,037</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Position</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:285px;"></td><td style="width:9px;"></td><td style="width:76px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:72px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net property, plant, and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,947</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">578</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Owners&#8217; equity &#8211; non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,920</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Westmoreland San Juan LLC (&#8220;WSJ&#8221;) and SJCC</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in the subheading Coal Supply in Note 11, PNM purchases coal for SJGS from SJCC under a coal supply agreement (&#8220;CSA&#8221;).  That section includes information on the acquisition of SJCC by WSJ, a subsidiary of Westmoreland, on Ja</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;35</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">nuary 31, 2016, as well as a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;loan (the &#8220;Westmoreland Loan&#8221;) from NM Capital, a subsidiary of PNMR, to WSJ, which loan provided substantially all of the funds required for the SJCC purchase, and the issuance of </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in letters of credit to facilitate the issuance of reclamation bonds required in order for SJCC to mine coal to be supplied to SJGS.  The Westmoreland Loan and the letters of credit support result in PNMR being considered to have a variable interest in WSJ, including its subsidiary, SJCC, since PNMR and NM Capital could be subject to possible loss in the event of a default by WSJ under the Westmoreland Loan and/or performance was required under the letter of credit support.&#160; Principal payments under the Westmoreland Loan began on August 1, 2016 and are required quarterly thereafter.  Interest is also paid quarterly beginning on May 3, 2016.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the amount outstanding under the Westmoreland Loan was </font><font style="font-family:inherit;font-size:10pt;">$66.2 million</font><font style="font-family:inherit;font-size:10pt;">.  In addition, interest receivable of </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;is included in Other receivables.  The Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  A principal payment of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;plus interest of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;is due on November 1, 2017.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was held in a SJCC bank account that is restricted solely to be used to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC.  In the event of a default by WSJ, NM Capital would have the ability to take over the mining operations.&#160; In such event, NM Capital would likely engage a third-party mining company to operate SJCC so that operations of the mine are not disrupted.  The acquisition of SJCC for approximately </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;on January 31, 2016 was an arm&#8217;s-length negotiated transaction between Westmoreland and BHP, which amount should approximate the fair value of SJCC at the date of acquisition.&#160; If WSJ were to default, NM Capital should be able to acquire assets of approximately the value of the Westmoreland Loan without a significant loss.  Furthermore, PNMR considers the possibility of loss under the letters of credit support to be remote since the purpose of posting the bonds is to provide assurance that SJCC performs the required reclamation of the mine site in accordance with applicable regulations and all reclamation costs are reimbursable under the CSA.  Also, much of the mine reclamation activities will not be performed until after the expiration of the CSA and the final maturity of the Westmoreland Loan.  In addition, each of the SJGS participants has established and funds a trust to meet its future reclamation obligations.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Both WSJ and SJCC are considered to be VIEs.&#160; PNMR&#8217;s analysis of these arrangements concluded that Westmoreland, as the parent of WSJ, has the ability to direct the SJCC mining operations, which is the factor that most significantly impacts the economic performance of WSJ and SJCC.&#160; NM Capital&#8217;s rights under the Westmoreland Loan are the typical protective rights of a lender, but do not give NM Capital any oversight over mining operations unless there is a default under the loan agreement.  Other than PNM being able to ensure that coal is supplied in adequate quantities and of sufficient quality to provide the fuel necessary to operate SJGS in a normal manner, the mining operations are solely under the control of Westmoreland and its subsidiaries, including developing mining plans, hiring of personnel, and incurring operating and maintenance expenses.  Neither PNMR nor PNM has any ability to direct or influence the mining operation.&#160; Therefore, PNM&#8217;s involvement through the CSA is a protective right rather than a participating right and Westmoreland has the power to direct the activities that most significantly impact the economic performance of SJCC. &#160;The CSA requires SJCC to deliver coal required to fuel SJGS in exchange for payment of a set price per ton, which is escalated over time for inflation.&#160; If SJCC is able to mine more efficiently than anticipated, its economic performance will be improved.&#160; Conversely, if SJCC cannot mine as efficiently as anticipated, its economic performance will be negatively impacted.&#160; Accordingly, PNMR believes Westmoreland is the primary beneficiary of WSJ and, therefore, WSJ and SJCC are not consolidated by either PNMR or PNM.  The amounts outstanding under the Westmoreland Loan and the letter of credit support constitute PNMR&#8217;s maximum exposure to loss from the VIEs.  </font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s9B1BE7B778FCB06C1642E7FF2C465691"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease Commitments</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:30px;text-indent:-30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company leases office buildings, vehicles, and other equipment.  In addition, PNM leases interests in Units 1 and 2 of PVNGS and certain right-of-way agreements are classified as leases.  All of the Company&#8217;s leases are currently accounted for as operating leases.  See New Accounting Pronouncements in Note 1.  Additional information concerning the Company&#8217;s lease commitments is contained in Note 7 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K, including PNM&#8217;s actions with regard to renewal and purchase options under the PVNGS leases.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PVNGS leases were scheduled to expire on January 15, 2015 for the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;Unit 1 leases and January 15, 2016 for the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;Unit 2 leases.  The </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;Unit 1 leases have been extended to expire on January 15, 2023 and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;of the Unit 2 leases has been extended to expire on January 15, 2024.  For the other </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;PVNGS Unit 2 leases, PNM exercised its fair market value options to purchase the assets underlying those leases on the expiration date of the original leases.  On January 15, 2016, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$78.1 </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;36</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">million</font><font style="font-family:inherit;font-size:10pt;">&#32;to the lessor under </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;lease for </font><font style="font-family:inherit;font-size:10pt;">31.3</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of the entitlement from PVNGS Unit 2 and </font><font style="font-family:inherit;font-size:10pt;">$85.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to the lessors under the other </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;leases for </font><font style="font-family:inherit;font-size:10pt;">32.8</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of the entitlement from PVNGS Unit 2.  See Note 12 for information concerning the NMPRC&#8217;s treatment of the purchased assets and extended leases in PNM&#8217;s NM 2015 Rate Case.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is exposed to losses under the PVNGS lease arrangements upon the occurrence of certain events that PNM does not consider to be reasonably likely to occur.  Under certain circumstances (for example, the NRC issuing specified violation orders with respect to PVNGS or the occurrence of specified nuclear events), PNM would be required to make specified payments to the lessors, and take title to the leased interests.  If such an event had occurred as of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, amounts due to the lessors under the circumstances described above would be up to </font><font style="font-family:inherit;font-size:10pt;">$169.9 million</font><font style="font-family:inherit;font-size:10pt;">, payable on January 15, 2018 in addition to the scheduled lease payments due on January 15, 2018. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s59A88EA039D31926102FE7FF2C550613"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value of Derivative and Other Financial Instruments </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning energy related derivative contracts and other financial instruments is contained in Note 8 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value is defined under GAAP as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Fair value is based on current market quotes as available and is supplemented by modeling techniques and assumptions made by the Company to the extent quoted market prices or volatilities are not available.  External pricing input availability varies based on commodity location, market liquidity, and term of the agreement.  Valuations of derivative assets and liabilities take into account nonperformance risk including the effect of counterparties&#8217; and the Company&#8217;s credit risk.  The Company regularly assesses the validity and availability of pricing data for its derivative transactions.  Although the Company uses its best judgment in estimating the fair value of these instruments, there are inherent limitations in any estimation technique.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Energy Related Derivative Contracts</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Overview</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The primary objective for the use of commodity derivative instruments, including energy contracts, options, swaps, and futures, is to manage price risk associated with forecasted purchases of energy and fuel used to generate electricity, as well as managing anticipated generation capacity in excess of forecasted demand from existing customers.  PNM&#8217;s energy related derivative contracts manage commodity risk.  PNM is required to meet the demand and energy needs of its retail and wholesale customers.  PNM is exposed to market risk for its share of PVNGS Unit 3 and the needs of its wholesale customers not covered under a FPPAC.  However, as discussed below, PNM has hedging arrangements for the output of PVNGS Unit 3 through December 31, 2017, at which time PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning January 1, 2018, PNM will be exposed to market risk for the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of SJGS Unit 4 that will be transferred to PNM from PNMR Development (Note 11) on December 31, 2017.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022, subject to certain conditions.  Under these agreements, PNM is obligated to deliver </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of power only when SJGS Unit 4 is operating.&#160; These agreements are not considered derivatives because there is no notional amount due to the unit-contingent nature of the transactions.  Therefore, these agreements are not recorded at fair value.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s operations are managed primarily through a net asset-backed strategy, whereby PNM&#8217;s aggregate net open forward contract position is covered by its forecasted excess generation capabilities or market purchases.  PNM could be exposed to market risk if its generation capabilities were to be disrupted or if its load requirements were to be greater than anticipated.  If all or a portion of load requirements were required to be covered as a result of such unexpected situations, commitments would have to be met through market purchases.  TNMP does not enter into energy related derivative contracts.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commodity Risk</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketing and procurement of energy often involve market risks associated with managing energy commodities and establishing positions in the energy markets, primarily on a short-term basis.  PNM routinely enters into various derivative </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;37</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">instruments such as forward contracts, option agreements, and price basis swap agreements to economically hedge price and volume risk on power commitments and fuel requirements and to minimize the effect of market fluctuations in wholesale portfolios.  PNM monitors the market risk of its commodity contracts to maintain total exposure within management-prescribed limits in accordance with approved risk and credit policies.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting for Derivatives</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under derivative accounting and related rules for energy contracts, PNM accounts for its various instruments for the purchase and sale of energy, which meet the definition of a derivative, based on PNM&#8217;s intent.  During the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and the year ended December 31, 2016, PNM was not hedging its exposure to the variability in future cash flows from commodity derivatives through designated cash flows hedges.  The derivative contracts recorded at fair value that do not qualify or are not designated for cash flow hedge accounting are classified as economic hedges.  Economic hedges are defined as derivative instruments, including long-term power agreements, used to economically hedge generation assets, purchased power and fuel costs, and customer load requirements.  Changes in the fair value of economic hedges are reflected in results of operations and are classified between operating revenues and cost of energy according to the intent of the hedge.  PNM has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;trading transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commodity Derivatives</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s commodity derivative instruments that are recorded at fair value, all of which are accounted for as economic hedges, are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:401px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:214px;"></td><td style="width:9px;"></td><td style="width:78px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:76px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,093</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,279</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in the above table are </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$2.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of current assets at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;related to contracts for the sale of energy from PVNGS Unit 3 through 2017 at market price plus a premium.  Certain of PNM&#8217;s commodity derivative instruments in the above table are subject to master netting agreements whereby assets and liabilities could be offset in the settlement process.  PNM does not offset fair value and cash collateral for derivative instruments under master netting arrangements and the above table reflects the gross amounts of fair value assets and liabilities for commodity derivatives.  Included in the above table are equal amounts of assets and liabilities aggregating </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, which result from PNM&#8217;s hazard sharing arrangements with Tri-State (Note 12).  The hazard sharing arrangements are net-settled upon delivery.  Other amounts that could be offset under master netting agreements were immaterial.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;amounts recognized for the legal right to reclaim cash collateral.  However, at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, amounts posted as cash collateral under margin arrangements were </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;">.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has a NMPRC-approved hedging plan to manage fuel and purchased power costs related to customers covered by its FPPAC.  The table above includes </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of current assets and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of current liabilities at September 30, 2017 </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;38</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of current assets and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of current liabilities at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;related to this plan.  The offsets to these amounts are recorded as regulatory assets and liabilities on the Condensed Consolidated Balance Sheets. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the effect of mark-to-market commodity derivative instruments on PNM&#8217;s earnings, excluding income tax effects.  Commodity derivatives had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;impact on OCI for the periods presented.</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:500px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:214px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,697</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,289</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Total gain (loss)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,251</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,651</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">408</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(899</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity contract volume positions are presented in MMBTU for gas related contracts and in MWh for power related contracts.  The table below presents PNM&#8217;s net buy (sell) volume positions:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:58.0896686159844%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:47%;"></td><td style="width:14%;"></td><td style="width:18%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:18%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MMBTU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MWh</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(630,933</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">254,100</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,471,600</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has contingent requirements to provide collateral under commodity contracts having an objectively determinable collateral provision that are in net liability positions and are not fully collateralized with cash.  In connection with managing its commodity risks, PNM enters into master agreements with certain counterparties.  If PNM is in a net liability position under an agreement, some agreements provide that the counterparties can request collateral if PNM&#8217;s credit rating is downgraded; other agreements provide that the counterparty may request collateral to provide it with &#8220;adequate assurance&#8221; that PNM will perform; and others have </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;provision for collateral.  At September 30, 2017 and December 31, 2016, PNM had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;such contracts in a net liability position.</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale of Power from PVNGS Unit 3</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">134</font><font style="font-family:inherit;font-size:10pt;">&#32;MW share of Unit 3 at PVNGS is not currently included in retail rates, that unit&#8217;s power is being sold in the wholesale market.  PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers beginning on January 1, 2018.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM had contracted to sell substantially all of PVNGS Unit 3 output through 2017 at market price plus a premium.&#160;  Through hedging arrangements that are accounted for as economic hedges, PNM has established fixed rates for substantially all of the sales through 2017, which average approximately </font><font style="font-family:inherit;font-size:10pt;">$29</font><font style="font-family:inherit;font-size:10pt;">&#32;per MWh. </font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Derivative Financial Instruments</font></div><div style="line-height:120%;text-align:center;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts reflected on the Condensed Consolidated Balance Sheets approximate fair value for cash, receivables, and payables due to the short period of maturity.  Available-for-sale securities are carried at fair value.  Available-for-sale securities consist of PNM assets held in the NDT for its share of decommissioning costs of PVNGS and trusts for PNM&#8217;s share of final reclamation costs related to the coal mines serving SJGS and Four Corners (Note 11).  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the fair value of available-for-sale securities included </font><font style="font-family:inherit;font-size:10pt;">$283.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$253.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the NDT and </font><font style="font-family:inherit;font-size:10pt;">$23.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$19.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the mine reclamation trusts.  The fair value and gross unrealized gains of investments in available-for-sale securities are presented in the following table.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;39</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:514px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:189px;"></td><td style="width:9px;"></td><td style="width:63px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:63px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:63px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:63px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,135</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,775</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,032</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,865</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">998</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">585</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,434</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,631</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,449</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The proceeds and gross realized gains and losses on the disposition of available-for-sale securities are shown in the following table.  Realized gains and losses are determined by specific identification of costs of securities sold.  Gross realized losses shown below exclude the (increase)/decrease in realized impairment losses of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the three and nine months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the three and nine months ended September 30, 2016.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:474px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:189px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proceeds from sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,975</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">456,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">280,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,128</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,026</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,745</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,273</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized (losses)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,829</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Held-to-maturity securities are those investments in debt securities that the Company has the ability and intent to hold until maturity.  At September 30, 2017 and December 31, 2016, PNMR&#8217;s held-to-maturity securities consist of the Westmoreland Loan. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;available-for-sale or held-to-maturity securities for which carrying value exceeds fair value.  There are </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;impairments considered to be &#8220;other than temporary&#8221; that are included in AOCI and not recognized in earnings.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;40</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the available-for-sale and held-to-maturity debt securities had the following final maturities:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:362px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:210px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:6px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Held-to-Maturity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR and PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within 1 year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 1 year through 5 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,766</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 5 years through 10 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 10 years through 15 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,178</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 15 years through 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,692</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,614</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,619</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Disclosures</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines the fair values of its derivative and other financial instruments based on the hierarchy established in GAAP, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  GAAP describes three levels of inputs that may be used to measure fair value.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.  Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 inputs are unobservable inputs for the asset or liability.  Level 3 inputs used in determining fair values for the Company consist of internal valuation models.  The Company records any transfers between fair value hierarchy levels as of the end of each calendar quarter.  There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;transfers between levels during the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;or the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For available-for-sale securities, Level 2 fair values are provided by the trustee utilizing a pricing service.  The pricing provider predominantly uses the market approach using bid side market value based upon a hierarchy of information for specific securities or securities with similar characteristics.  For commodity derivatives, Level 2 fair values are determined based on market observable inputs, which are validated using multiple broker quotes, including forward price, volatility, and interest rate curves to establish expectations of future prices.  Credit valuation adjustments are made for estimated credit losses based on the overall exposure to each counterparty.  For the Company&#8217;s long-term debt, Level 2 fair values are provided by an external pricing service.  The pricing service primarily utilizes quoted prices for similar debt in active markets when determining fair value.  For investments categorized as Level 3, primarily the Westmoreland Loan, fair values were determined by discounted cash flow models that take into consideration discount rates that are observable for similar types of assets and liabilities.  Management of the Company independently verifies the information provided by pricing services.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;41</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Items recorded at fair value by PNM on the Condensed Consolidated Balance Sheets are presented below by level of the fair value hierarchy.  There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;Level 3 fair value measurements at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;for items recorded at fair value. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:87.91423001949317%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:53%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quoted Prices in Active Markets for Identical Assets (Level 1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Other Observable Inputs (Level 2)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,931</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,236</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,862</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,582</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,158</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,513</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">196,436</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,541</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;42</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and fair values of investments in the Westmoreland Loan, other investments, and long-term debt, which are not recorded at fair value on the Condensed Consolidated Balance Sheets are presented below: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:87.32943469785575%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:36%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,447,702</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,230</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,657,396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">480,589</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392,712</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,164</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,631,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">420,875</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s8B2FCC3F85A5B88DCFDFE7FF2D4FB322"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock-Based Compensation</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has various stock-based compensation programs, including stock options, restricted stock, and performance shares granted under the Performance Equity Plan (&#8220;PEP&#8221;).  Although certain PNM and TNMP employees participate in the PNMR plans, PNM and TNMP do not have separate employee stock-based compensation plans.  In 2011, the Company changed its approach to awarding stock-based compensation.  As a result, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;stock options have been granted since 2010 and awards of restricted stock have increased.  Certain restricted stock awards are subject to achieving performance or market targets.  Other awards of restricted stock are only subject to time vesting requirements.  Additional information concerning stock-based compensation under the PEP is contained in Note 13 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted stock under the PEP refers to awards of stock subject to vesting, performance, or market conditions rather than to shares with contractual post-vesting restrictions.  Generally, the awards vest ratably over </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;years from the grant date of the award.  However, awards with performance or market conditions vest upon satisfaction of those conditions.  In addition, plan provisions provide that upon retirement, participants become </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;">&#32;vested in certain stock awards.  Beginning with 2017 awards, the vesting period for awards of restricted stock to non-employee members of the Board is </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;year.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The stock-based compensation expense related to restricted stock awards without performance or market conditions to participants that are retirement eligible on the grant date is recognized immediately at the grant date and is not amortized.  Compensation expense for other such awards is amortized to compensation expense over the shorter of the requisite vesting period or the period until the participant becomes retirement eligible.  Compensation expense for performance-based shares is recognized ratably over the performance period and is adjusted periodically to reflect the level of achievement expected to be attained.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;43</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compensation expense related to market-based shares is recognized ratably over the measurement period, regardless of the actual level of achievement, provided the employees meet their service requirements.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNMR had unrecognized expense related to stock awards of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">, which are expected to be recognized over an average of </font><font style="font-family:inherit;font-size:10pt;">2.0</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">1.8</font><font style="font-family:inherit;font-size:10pt;">&#32;years.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR receives a tax deduction for certain stock option exercises during the period the options are exercised, generally for the excess of the price at which the options are sold over the exercise prices of the options, and a tax deduction for the value of restricted stock at the vesting date.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;-</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting </font><font style="font-family:inherit;font-size:10pt;">to simplify several aspects of the accounting for share-based payment transactions and eliminate diversity in practice.  PNMR&#8217;s historical accounting for stock compensation complies with ASU 2016-09, except for the treatment of the income tax consequences of awards and the presentation of reductions to taxes payable on the Consolidated Statements of Cash Flows.  Prior to ASU 2016-09, benefits resulting from income tax deductions in excess of compensation cost recognized under GAAP for vested restricted stock and on exercised stock options (collectively, &#8220;excess tax benefits&#8221;) were recorded to equity provided the excess tax benefits reduced income taxes payable.  Deficiencies resulting from tax deductions related to stock awards that were below recognized compensation cost upon vesting and on canceled stock options were recorded to equity.  PNMR had not recorded excess tax benefits to equity since 2009 because it is in a net operating loss position for income tax purposes.  ASU 2016-09 requires that all excess tax benefits and deficiencies be recorded to tax expense and classified as cash flows from operating activities.  PNMR adopted ASU 2016-09 as of January 1, 2017 and recorded excess tax benefits of </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2017 of which </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was allocated to PNM and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was allocated to TNMP.  As required by ASU 2016-09, PNMR recorded the excess tax benefits that were not recognized in prior years, due to its net operating loss position, as a cumulative effect adjustment of </font><font style="font-family:inherit;font-size:10pt;">$10.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;on January 1, 2017, increasing retained earnings and decreasing accumulated deferred income taxes on the Condensed Consolidated Balance Sheets.  When excess tax benefits are used to reduce income taxes payable, the benefit will be reflected in cash flows from operating activities.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The grant date fair value for restricted stock and stock awards with Company internal performance targets is determined based on the market price of PNMR common stock on the date of the agreements reduced by the present value of future dividends, which will not be received prior to vesting, applied to the total number of shares that are anticipated to vest, although the number of performance shares that ultimately vest cannot be determined until after the performance periods end.  The grant date fair value of stock awards with market targets is determined using Monte Carlo simulation models, which provide grant date fair values that include an expectation of the number of shares to vest at the end of the measurement period.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:467px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:333px;"></td><td style="width:6px;"></td><td style="width:9px;"></td><td style="width:40px;"></td><td style="width:11px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:40px;"></td><td style="width:11px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Shares and Performance Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected quarterly dividends per share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2425</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2200</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.50</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.94</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Market-Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividend yield</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.74</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected volatility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.80</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.44</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.97</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;44</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options, for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:590px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:278px;"></td><td style="width:68px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:68px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at December 31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,874</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,271</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(270,855</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(109,433</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,012</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29.96</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expired</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">191,720</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,441</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.98</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s stock-based compensation program provides for performance and market targets through 2019.  Included as granted and as exercised in the above table are </font><font style="font-family:inherit;font-size:10pt;">49,682</font><font style="font-family:inherit;font-size:10pt;">&#32;previously awarded shares that were earned for the 2014 through 2016 performance measurement period and ratified by the Board in February 2017 (based upon achieving market targets at &#8220;target&#8221; levels, weighted at </font><font style="font-family:inherit;font-size:10pt;">60%</font><font style="font-family:inherit;font-size:10pt;">, and not meeting performance targets, weighted at </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;">).  Excluded from the above table are maximums of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">163,712</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">137,036</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">133,632</font><font style="font-family:inherit;font-size:10pt;">&#32;shares for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year performance periods ending in 2017, 2018, and 2019 that would be awarded if all performance and market criteria are achieved at maximum levels and all executives remain eligible.  </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2012, the Company entered into a retention award agreement with its Chairman, President, and Chief Executive Officer under which she was to receive </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">135,000</font><font style="font-family:inherit;font-size:10pt;">&#32;shares of PNMR&#8217;s common stock if PNMR met specific market targets at the end of 2016 and she remained an employee of the Company.  Under the agreement, she received </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">35,000</font><font style="font-family:inherit;font-size:10pt;">&#32;of the total shares in 2015 since PNMR achieved specific market targets at the end of 2014.  The specified market target was achieved at the end of 2016 and the Board ratified her receiving the remaining </font><font style="font-family:inherit;font-size:10pt;">100,000</font><font style="font-family:inherit;font-size:10pt;">&#32;shares, which are included in the above table, in February 2017.  The retention award was made under the PEP and was approved by the Board on February 28, 2012. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective as of January 1, 2015, the Company entered into a retention award agreement with its Executive Vice President and Chief Financial Officer under which he would receive awards of restricted stock if PNMR meets specific performance targets at the end of 2016 and 2017 and he remains an employee of the Company.  If PNMR achieved the specific performance target for the period from January 1, 2015 through December 31, 2016, he was to receive </font><font style="font-family:inherit;font-size:10pt;">$100,000</font><font style="font-family:inherit;font-size:10pt;">&#32;of PNMR common stock based on the market value per share on the grant date in early 2017.  The specified market target was achieved at the end of 2016 and the Board ratified him receiving </font><font style="font-family:inherit;font-size:10pt;">$100,000</font><font style="font-family:inherit;font-size:10pt;">&#32;of PNMR common stock in February 2017 based on a market per share value of </font><font style="font-family:inherit;font-size:10pt;">$36.30</font><font style="font-family:inherit;font-size:10pt;">&#32;on the grant date of March 3, 2017, or </font><font style="font-family:inherit;font-size:10pt;">2,754</font><font style="font-family:inherit;font-size:10pt;">&#32;shares, which are included in the above table.  Similarly, if PNMR achieves the specific performance target for the period from January 1, 2015 through December 31, 2017, he would receive </font><font style="font-family:inherit;font-size:10pt;">$275,000</font><font style="font-family:inherit;font-size:10pt;">&#32;of PNMR common stock based on the market value per share on the grant date in early 2018.  The retention award was made under the PEP and was approved by the Board on December 9, 2014.  The above table does not include the restricted stock shares that remain unvested under this retention award agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2015, the Company entered into an additional retention award agreement with its Chairman, President, and Chief Executive Officer under which she would receive </font><font style="font-family:inherit;font-size:10pt;">53,859</font><font style="font-family:inherit;font-size:10pt;">&#32;shares of PNMR&#8217;s common stock if PNMR meets certain performance targets at the end of 2019 and she remains an employee of the Company.  Under the agreement, she would receive </font><font style="font-family:inherit;font-size:10pt;">17,953</font><font style="font-family:inherit;font-size:10pt;">&#32;of the total shares if PNMR achieves specific performance targets at the end of 2017.  The retention award was made under the PEP and was approved by the Board on February 26, 2015.  The above table does not include any restricted stock shares under this retention award agreement.</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;&#160;&#160;&#160;</sup>&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the aggregate intrinsic value of stock options outstanding, all of which are exercisable, was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;with a weighted-average remaining contract life of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.8</font><font style="font-family:inherit;font-size:10pt;">&#32;years.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;outstanding stock options had an exercise price greater than the closing price of PNMR common stock on that date.</font></div><div style="line-height:120%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;45</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:340px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of restricted shares that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,666</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,011</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value of options granted</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of options that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total intrinsic value of options exercised (in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,234</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,208</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s1F6214FDFCD9A32CC1E2E7FF2D8DC275"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(9)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financing</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financing strategy includes both short-term and long-term borrowings.  The Company utilizes short-term revolving credit facilities, as well as cash flows from operations, to provide funds for both construction and operating expenditures.  Depending on market and other conditions, the Company will periodically sell long-term debt or enter into term loan arrangements and use the proceeds to reduce borrowings under the revolving credit facilities or refinance other debt.  Each of the Company&#8217;s revolving credit facilities and term loans contains a single financial covenant, which requires the maintenance of a debt-to-capital ratio of less than or equal to </font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and generally also include customary covenants, events of default, cross default provisions, and change of control provisions.  PNM must obtain NMPRC approval for any financing transaction having a maturity of more than </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;">&#32;months.  In addition, PNM files its annual short-term financing plan with the NMPRC.  Additional information concerning financing activities is contained in Note 6 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financing Activities</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 11, NM Capital, a wholly-owned subsidiary of PNMR, entered into a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;term loan agreement (the &#8220;BTMU Term Loan Agreement&#8221;) with BTMU, as lender and administrative agent, as of February 1, 2016.  The BTMU Term Loan Agreement has a maturity of February 1, 2021 and bears interest at a rate based on LIBOR plus a customary spread, which aggregated </font><font style="font-family:inherit;font-size:10pt;">4.06%</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  PNMR, as parent company of NM Capital, has guaranteed NM Capital&#8217;s obligations to BTMU.  The BTMU Term Loan Agreement and the guaranty include customary covenants, including requirements for PNMR to not exceed a maximum debt-to-capital ratio of </font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and customary events of default, a cross default provision, and a change of control provision consistent with PNMR&#8217;s other term loan agreements.  NM Capital utilized the proceeds of the BTMU Term Loan Agreement to provide funding of </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;(the &#8220;Westmoreland Loan&#8221;) to a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland Coal Company to finance Westmoreland&#8217;s purchase of SJCC.  The BTMU Term Loan Agreement requires that NM Capital utilize all amounts, less taxes and fees, it receives under the Westmoreland Loan to repay the BTMU Term Loan Agreement.  The principal balance outstanding under the BTMU Term Loan Agreement was </font><font style="font-family:inherit;font-size:10pt;">$60.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  Based on scheduled payments on the Westmoreland Loan, NM Capital estimates it will make principal payments of </font><font style="font-family:inherit;font-size:10pt;">$15.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;on the BTMU Term Loan Agreement in the twelve months ended September 30, 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 21, 2016, PNMR entered into letter of credit arrangements with JPMorgan Chase Bank, N.A. (the &#8220;JPM LOC Facility&#8221;) under which letters of credit aggregating </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;were issued to facilitate the posting of reclamation bonds, which SJCC is required to post in connection with permits relating to the operation of the San Juan mine (Note 11). </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2016, PNM had </font><font style="font-family:inherit;font-size:10pt;">$37.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of outstanding PCRBs, which have a final maturity of June 1, 2040, and </font><font style="font-family:inherit;font-size:10pt;">$20.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of outstanding PCRBs which have a final maturity of June 1, 2042.  These PCRBs were subject to mandatory tender for remarketing on June 1, 2017 and were successfully remarketed on that date.  The </font><font style="font-family:inherit;font-size:10pt;">$37.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of PCRBs now bear interest at </font><font style="font-family:inherit;font-size:10pt;">2.125%</font><font style="font-family:inherit;font-size:10pt;">&#32;and the </font><font style="font-family:inherit;font-size:10pt;">$20.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of PCRBs now bear interest at </font><font style="font-family:inherit;font-size:10pt;">2.45%</font><font style="font-family:inherit;font-size:10pt;">.  Both series are now subject to mandatory tender for remarketing on June 1, 2022.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;46</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 14, 2017, TNMP entered into an agreement (the &#8220;TNMP 2017 Bond Purchase Agreement&#8221;), which provided TNMP would issue </font><font style="font-family:inherit;font-size:10pt;">$60.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">3.22%</font><font style="font-family:inherit;font-size:10pt;">&#32;first mortgage bonds, due 2027 (the &#8220;2017 Series A Bonds&#8221;) on or about August 25, 2017, subject to satisfaction of certain conditions.  TNMP issued the 2017 Series A Bonds on August 24, 2017 and used the proceeds to reduce short-term and intercompany debt and for general corporate purposes.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 20, 2017, PNM entered into a </font><font style="font-family:inherit;font-size:10pt;">$200.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;term loan agreement (the &#8220;PNM 2017 Term Loan Agreement&#8221;) between PNM and JPMorgan Chase Bank, N.A., as lender and administrative agent, and U.S. Bank National Association, as lender.  The PNM 2017 Term Loan Agreement bears interest at a variable rate and must be repaid on or before January 18, 2019.  PNM used the proceeds of the PNM 2017 Term Loan Agreement to prepay without penalty the </font><font style="font-family:inherit;font-size:10pt;">$175.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNM 2016 Term Loan Agreement, which was to mature on November 17, 2017, and to reduce short-term borrowings.  The PNM 2017 Term Loan Agreement includes customary covenants, including requirements to not exceed a maximum debt-to-capital ratio of&#160;</font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and customary events of default, a cross default provision, and a change of control provision consistent with PNM&#8217;s other term loan agreements. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 28, 2017, PNM entered into an agreement (the &#8220;PNM 2017 Senior Unsecured Note Agreement&#8221;) with institutional investors for the sale of </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;aggregate principal amount of Senior Unsecured Notes (the &#8220;PNM 2018 SUNs&#8221;) offered in private placement transactions.  Under the PNM 2017 Senior Unsecured Note Agreement, PNM has agreed to issue </font><font style="font-family:inherit;font-size:10pt;">$350.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of the PNM 2018 SUNs on or about May 15, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of the PNM 2018 SUNs on or about August 1, 2018.  The issuances of the PNM 2018 SUNs are subject to the satisfaction of customary conditions.  PNM will use the gross proceeds from the PNM 2018 SUNs to repay </font><font style="font-family:inherit;font-size:10pt;">$350.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">7.95%</font><font style="font-family:inherit;font-size:10pt;">&#32;Senior Unsecured Notes that mature on May 15, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">7.50%</font><font style="font-family:inherit;font-size:10pt;">&#32;Senior Unsecured Notes that mature on August 1, 2018.  The terms of the PNM 2017 Senior Unsecured Note Agreement include customary covenants, including a covenant that requires the maintenance of a debt-to-capital ratio of less than or equal to&#160;</font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, customary events of default, including a cross default provision, and  covenants regarding parity of financial covenants, liens and guarantees with respect to PNM&#8217;s material credit facilities.  In the event of a change of control, PNM will be required to offer to prepay the PNM 2018 SUNs at par.  PNM will have the right to redeem any or all of the PNM 2018 SUNs prior to their respective maturities, subject to payment of a customary make-whole premium.  In accordance with GAAP, aggregate borrowings of </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;under PNM&#8217;s Senior Unsecured Notes due on May 15, 2018 and August 1, 2018, are reflected as being long-term in the Condensed Consolidated Balance Sheet at September 30, 2017 since the PNM 2017 Senior Unsecured Note Agreement demonstrates PNM&#8217;s ability and intent to re-finance the aggregate </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;Senior Unsecured Notes on a long-term basis.  Information concerning the maturities and interest rates on the PNM 2018 SUNs to be issued in May 2018 and August 2018 is as follows:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:90px;"></td><td style="width:8px;"></td><td style="width:90px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:62px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:52px;"></td><td style="width:11px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Scheduled</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Funding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rate</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2028</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.68</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2033</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2038</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.22</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2048</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">350.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.78</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2048</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 25, 2017, the TNMP Revolving Credit Facility was amended and restated to extend its maturity from September 18, 2018 to September 23, 2022 and to provide for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year extension options, subject to approval by a majority of the lenders.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;47</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2015, PNMR entered into a </font><font style="font-family:inherit;font-size:10pt;">$150.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;Term Loan Agreement (the &#8220;PNMR 2015 Term Loan Agreement&#8221;), which bears interest at a variable rate and must be repaid by March 9, 2018.  In September 2015, PNMR entered into a hedging agreement whereby it effectively established a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.927%</font><font style="font-family:inherit;font-size:10pt;">, subject to change if there is a change in PNMR&#8217;s credit rating, for borrowings under the PNMR 2015 Term Loan Agreement for the period from January 11, 2016 through March 9, 2018.  In 2017, PNMR entered into </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;separate </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year hedging agreements whereby it effectively established fixed interest rates of </font><font style="font-family:inherit;font-size:10pt;">1.926%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">1.823%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">1.629%</font><font style="font-family:inherit;font-size:10pt;">, plus customary spreads over LIBOR, subject to change if there is a change in PNMR&#8217;s credit rating, for </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;separate tranches, each of </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">, of its variable rate debt.  These hedge agreements are accounted for as cash flow hedges.  The fair value of the hedge related to the PNMR 2015 Term Loan Agreement was a gain of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and is included in Other current assets on the Condensed Consolidated Balance Sheets and a loss of less than </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at December 31, 2016.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;of the remaining hedge agreements had a fair value gain of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">, which is included in Other current assets, and the other </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;had fair value losses aggregating </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">, which are included in Other current liabilities, on the Condensed Consolidated Balance Sheets.  The fair values were determined using Level 2 inputs under GAAP, including using forward&#160;LIBOR curves under the mid-market convention&#160;to discount cash flows&#160;over the&#160;remaining&#160;term of the agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At September&#160;30, 2017, variable interest rates were </font><font style="font-family:inherit;font-size:10pt;">2.14%</font><font style="font-family:inherit;font-size:10pt;">&#32;on the </font><font style="font-family:inherit;font-size:10pt;">$150.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNMR 2015 Term Loan Agreement, </font><font style="font-family:inherit;font-size:10pt;">2.19%</font><font style="font-family:inherit;font-size:10pt;">&#32;on the </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNMR 2016 </font><font style="font-family:inherit;font-size:10pt;">Two</font><font style="font-family:inherit;font-size:10pt;">-Year Term Loan, and </font><font style="font-family:inherit;font-size:10pt;">1.97%</font><font style="font-family:inherit;font-size:10pt;">&#32;on the </font><font style="font-family:inherit;font-size:10pt;">$200.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNM 2017 Term Loan Agreement.</font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Short-term Debt and Liquidity</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currently, the PNMR Revolving Credit Facility has a financing capacity of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$300.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and the PNM Revolving Credit Facility has a financing capacity of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$400.0 million</font><font style="font-family:inherit;font-size:10pt;">.  In November 2016, PNMR and PNM entered into agreements to extend the maturity of both facilities from October 31, 2020 to October 31, 2021.  However, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;lender, whose current commitment is </font><font style="font-family:inherit;font-size:10pt;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;under the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">$40.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;under the PNM Revolving Credit Facility, did not agree to extend its commitments beyond October, 31, 2020.  Unless </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;or more of the other current lenders or a new lender assumes the commitments of the non-extending lender, the financing capacities will be reduced to </font><font style="font-family:inherit;font-size:10pt;">$290.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">$360.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the PNM Revolving Credit Facility from November 1, 2020 through October 31, 2021.  The TNMP Revolving Credit Facility is a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$75.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;revolving credit facility secured by </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$75.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;aggregate principal amount of TNMP first mortgage bonds.  The TNMP Revolving Credit Facility matures on September 23, 2022.  PNM also has the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNM New Mexico Credit Facility that expires on January 8, 2018. Short-term debt outstanding consisted of:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:399px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:213px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:76px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:72px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Short-term Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2016 One-Year Term Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">287,100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the weighted average interest rate was </font><font style="font-family:inherit;font-size:10pt;">2.49%</font><font style="font-family:inherit;font-size:10pt;">&#32;for the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">2.09%</font><font style="font-family:inherit;font-size:10pt;">&#32;for the PNMR 2016 </font><font style="font-family:inherit;font-size:10pt;">One</font><font style="font-family:inherit;font-size:10pt;">-Year Term Loan, which matures in December 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the above borrowings, PNMR, PNM, and TNMP had letters of credit outstanding of </font><font style="font-family:inherit;font-size:10pt;">$6.4 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;that reduce the available capacity under their respective revolving credit facilities.  The above table excludes intercompany debt.  As of September 30, 2017, PNM and TNMP had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;intercompany borrowings from PNMR.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;48</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR, PNM, and TNMP had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$118.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$397.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$69.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of availability under their respective revolving credit facilities, including reductions of availability due to outstanding letters of credit, and PNM had </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of availability under the PNM New Mexico Credit Facility.  Total availability at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, on a consolidated basis, was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$635.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for PNMR.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM and TNMP had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;borrowings from PNMR under their intercompany loan agreements.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR, PNM, and TNMP had invested cash of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$50.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As described above, PNM entered into the PNM 2017 Senior Unsecured Note Agreement on July 28, 2017 to issue </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of the PNM 2018 SUNs on May 15, 2018 and August 1, 2018, proceeds from which will be used to repay like amounts of PNM Senior Unsecured Notes maturing on those dates.  PNM has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;other long-term debt due through December 31, 2018.  The </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;PNM New Mexico Credit Facility expires in January 2018.  PNMR has maturities and other repayments of short-term and long-term debt aggregating </font><font style="font-family:inherit;font-size:10pt;">$265.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the period from October 1, 2017 through September 30, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$102.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the remainder of 2018, including anticipated repayments on the BTMU Term Loan Agreement.  TNMP has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;required principal payments on its long-term debt through 2018.  Additional information on debt maturities is contained in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div><a name="sC583F35436864789EF43E7FF2E1A3909"></a></div><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(10)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension and Other Postretirement Benefit Plans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR and its subsidiaries maintain qualified defined benefit pension plans, postretirement benefit plans providing medical and dental benefits, and executive retirement programs (collectively, the &#8220;PNM Plans&#8221; and &#8220;TNMP Plans&#8221;).  PNMR maintains the legal obligation for the benefits owed to participants under these plans. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning pension and OPEB plans is contained in Note 12 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K.  Annual net periodic benefit cost for the plans is actuarially determined using the methods and assumptions set forth in that note and is recognized ratably throughout the year.  See New Accounting Pronouncements in Note 1.</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM Plans</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the PNM Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:39%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,727</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,577</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,087</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,308</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,371</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,001</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,455</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">921</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">286</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(416</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,036</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,937</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">227</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;49</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:39%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,181</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,731</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,019</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,260</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">523</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">609</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,352</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,562</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,004</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,365</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,762</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">858</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">192</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,248</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,109</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,810</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">682</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">758</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;make any contributions to its pension plan trust in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2017 and 2016 and does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;anticipate making any contributions to the pension plan in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">-2021,&#160;based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.1%</font><font style="font-family:inherit;font-size:10pt;">&#32;to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.9%</font><font style="font-family:inherit;font-size:10pt;">.  Actual amounts to be funded in the future will be dependent on the actuarial assumptions at that time, including the appropriate discount rate.  PNM may make additional contributions at its discretion.  PNM made </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;contributions to the OPEB trust in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2016.  PNM does not expect to make any contributions to the OPEB trust in 2017-2021.&#160; Disbursements under the executive retirement program, which are funded by PNM and considered to be contributions to the plan, were </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2016 and are expected to total </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;during </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for 2018-2021.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP Plans</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the TNMP Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:301px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:9px;"></td><td style="width:9px;"></td><td style="width:38px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:38px;"></td><td style="width:4px;"></td><td style="width:9px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">722</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">826</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">169</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(945</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">83</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;50</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:301px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:9px;"></td><td style="width:9px;"></td><td style="width:38px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:38px;"></td><td style="width:4px;"></td><td style="width:9px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,165</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,478</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,834</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">692</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">525</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">122</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">250</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;make any contributions to its pension plan trust in the three and nine months ended September 30, 2017 and 2016 and does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;anticipate making any contributions in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">-2021, based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.1%</font><font style="font-family:inherit;font-size:10pt;">&#32;to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.9%</font><font style="font-family:inherit;font-size:10pt;">.  Actual amounts to be funded in the future will depend on the actuarial assumptions at that time, including the appropriate discount rate.  TNMP may make additional contributions at its discretion.  TNMP made contributions of </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to the OPEB trust in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;contribution in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended September 30, 2016.  TNMP does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;expect to make any additional contributions to the OPEB trust in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and expects to make contributions totaling </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for 2018-2021.  Disbursements under the executive retirement program, which are funded by TNMP and considered to be contributions to the plan, were less than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;and are expected to total </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;during </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2018-2021. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s92FEADF61D840F8D0B59E7FF2F8107C4"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(11)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div></td></tr></table><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Overview  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There are various claims and lawsuits pending against the Company.  The Company also is subject to federal, state, and local environmental laws and regulations and periodically participates in the investigation and remediation of various sites.  In addition, the Company periodically enters into financial commitments in connection with its business operations.  Also, the Company is involved in various legal and regulatory (Note 12) proceedings in the normal course of its business.  It is not possible at this time for the Company to determine fully the effect of all litigation and other legal and regulatory proceedings on its financial position, results of operations, or cash flows.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With respect to some of the items listed below, the Company has determined that a loss is not probable or that, to the extent probable, cannot be reasonably estimated.  In some cases, the Company is not able to predict with any degree of certainty the range of possible loss that could be incurred.  Nevertheless, the Company assesses legal and regulatory matters based on current information and makes judgments concerning their potential outcome, giving due consideration to the nature of the claim, the amount and nature of any damages sought, and the probability of success.  Such judgments are made with the understanding that the outcome of any litigation, investigation, or other legal proceeding is inherently uncertain.  In accordance with GAAP, the Company records liabilities for matters where it is probable a loss has been incurred and the amount of loss is reasonably estimable.  The actual outcomes of the items listed below could ultimately differ from the judgments made and the differences could be material.  The Company cannot make any assurances that the amount of reserves or potential insurance coverage will be sufficient to cover the cash obligations that might be incurred as a result of litigation or regulatory proceedings.  Except as otherwise disclosed, the Company does not expect that any known lawsuits, environmental costs, and commitments will have a material effect on its financial condition, results of operations, or cash flows.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning commitments and contingencies is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;51</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Commitments and Contingencies Related to the Environment</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nuclear Spent Fuel and Waste Disposal </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nuclear power plant operators are required to enter into spent fuel disposal contracts with the DOE that require the DOE to accept and dispose of all spent nuclear fuel and other high-level radioactive wastes generated by domestic power reactors.  Although the Nuclear Waste Policy Act required the DOE to develop a permanent repository for the storage and disposal of spent nuclear fuel by 1998, the DOE announced that it would not be able to open the repository by 1998 and sought to excuse its performance of these requirements.  In November 1997, the DC Circuit issued a decision preventing the DOE from excusing its own delay, but refused to order the DOE to begin accepting spent nuclear fuel.  Based on this decision and the DOE&#8217;s delay, a number of utilities, including APS (on behalf of itself and the other PVNGS owners, including PNM), filed damages actions against the DOE in the Court of Federal Claims.  The lawsuits filed by APS alleged that damages were incurred due to DOE&#8217;s continuing failure to remove spent nuclear fuel and high-level waste from PVNGS.  In August 2014, APS and DOE entered into a settlement agreement, which established a process for the payment of claims for costs incurred through December 31, 2016.  The settlement agreement has been extended to December 31, 2019.  Under the settlement agreement, APS must submit claims annually for payment of allowable costs.  PNM records estimated claims on a quarterly basis.  The benefit from the claims is passed through to customers under the FPPAC to the extent applicable to NMPRC regulated operations.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM estimates that it will incur approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$57.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;(in 2016 dollars) for its share of the costs related to the on-site interim storage of spent nuclear fuel at PVNGS during the term of the operating licenses.  PNM accrues these costs as a component of fuel expense as the fuel is consumed.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM had a liability for interim storage costs of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;included in other deferred credits. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PVNGS has sufficient capacity at its on-site ISFSI to store all of the nuclear fuel that will be irradiated during the initial operating license period, which ends in December&#160;2027.&#160; Additionally, PVNGS has sufficient capacity at its on-site ISFSI to store a portion of the fuel that will be irradiated during the period of extended operation, which ends in November&#160;2047.&#160; If uncertainties regarding the United States government&#8217;s obligation to accept and store spent fuel are not favorably resolved, APS will evaluate alternative storage solutions that may obviate the need to expand the ISFSI to accommodate all of the fuel that will be irradiated during the period of extended operation.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 8, 2012, the DC Circuit issued its decision on a challenge by several states and environmental groups of the NRC&#8217;s rulemaking regarding temporary storage and permanent disposal of high level nuclear waste and spent nuclear fuel.  The petitioners had challenged the NRC&#8217;s 2010 update to the agency&#8217;s Waste Confidence Decision and temporary storage rule&#160;(the &#8220;Waste Confidence Decision&#8221;).  The DC Circuit found that the Waste Confidence Decision update constituted a major federal action, which, consistent with NEPA, requires either an environmental impact statement or a finding of no significant impact from the NRC&#8217;s actions.  The DC Circuit found that the NRC&#8217;s evaluation of the environmental risks from spent nuclear fuel was deficient and, therefore, remanded the Waste Confidence Decision update for further action consistent with NEPA.  On September 6, 2012, the NRC commissioners issued a directive to the NRC staff to proceed with development of a generic EIS to support an updated Waste Confidence Decision, which was issued in September 2013. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 26, 2014, the NRC approved a final rule on the environmental effects of continued storage of spent nuclear fuel.&#160; The continued storage rule adopted the findings of the generic EIS regarding the environmental impacts of storing spent fuel at any reactor site after the reactor&#8217;s licensed period of operations.  As a result, those generic impacts do not need to be re-analyzed in the environmental reviews for individual licenses.  The NRC lifted its suspension on final licensing actions on all nuclear power plant licenses and renewals that went into effect when the DC Circuit issued its June 2012 decision although PVNGS had not been involved in any licensing actions affected by that decision.  The August 2014 final rule has been subject to continuing legal challenges before the NRC and the United States Court of Appeals.  On May 19, 2016, the NRC denied petitions filed by multiple petitioners to revise the August 2014 rule.  The DC Circuit issued an order upholding the August 2014 rule on June 3, 2016 and denied a subsequent petition for rehearing on August 8, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2011, the National Association of Regulatory Utility Commissioners and the Nuclear Energy Institute challenged, in the DC Circuit, DOE&#8217;s 2010 determination of the adequacy of the one tenth of a cent per KWh fee (the &#8220;one-mill fee&#8221;) paid by the nation&#8217;s commercial nuclear power plant owners pursuant to their individual contracts with the DOE.  On January 3, 2014, the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;52</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DOE notified Congress of its intention to suspend collection of the one-mill fee, subject to Congress&#8217; disapproval, as ordered by the DC Circuit.  On May 16, 2014, the DOE adjusted the fee to </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">.  PNM anticipates challenges to this action and is unable to predict its ultimate outcome.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Clean Air Act</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Regional Haze</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1999, EPA developed a regional haze program and regional haze rules under the CAA.  The rule directs each of the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50</font><font style="font-family:inherit;font-size:10pt;">&#32;states to address regional haze.  Pursuant to the CAA, states have the primary role to regulate visibility requirements by promulgating SIPs.  States are required to establish goals for improving visibility in national parks and wilderness areas (also known as Class I areas) and to develop long-term strategies for reducing emissions of air pollutants that cause visibility impairment in their own states and for preventing degradation in other states.  States must establish a series of interim goals to ensure continued progress.  The first planning period specifies setting reasonable progress goals for improving visibility in Class I areas by the year 2018.  In July 2005, EPA promulgated its final regional haze rule guidelines for states to conduct BART determinations for certain covered facilities, including utility boilers, built between 1962 and 1977 that have the potential to emit more than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">250</font><font style="font-family:inherit;font-size:10pt;">&#32;tons per year of visibility impairing pollution.  If it is demonstrated that the emissions from these sources cause or contribute to visibility impairment in any Class I area, then BART must be installed by 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 10, 2017, EPA published in the Federal Register revisions to the regional haze rule to provide certain clarifications to reflect interpretations of the 1999 rule.  EPA also provided a companion draft guidance document for public comment.  The new rule shifted the due date for the next cycle of SIPs that are designed to cover the second compliance period from 2019 to 2028, changed the schedule and process for states to file </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;">-year progress reports, and revised certain aspects of the visibility impairment provisions.  EPA&#8217;s final rule was challenged by numerous parties.  The DC Circuit has granted unopposed requests extending the deadline for briefing proposals to December 21, 2017.  PNM is currently evaluating the potential impacts of this rule on SJGS.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">BART Compliance </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">SJGS is a source that is subject to the statutory obligations of the CAA to reduce visibility impacts.  Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K contains detailed information concerning the BART compliance process, including interactions with governmental agencies responsible for environmental oversight and the NMPRC approval process.  In December 2015, PNM received NMPRC approval for the plan to comply with the EPA regional haze rule at SJGS.  Under the approved plan, the installation of selective non-catalytic reduction technology (&#8220;SNCR&#8221;) was required on SJGS Units 1 and 4, which installation was completed in early 2016, and Units 2 and 3 are to be retired by the end of 2017.  In addition to the required SNCR equipment, the NSR permit, which was required to be obtained in order to install the SNCRs, specified that SJGS Units 1 and 4 be converted to balanced draft technology (&#8220;BDT&#8221;).  PNM&#8217;s share of the total costs for SNCRs and BDT equipment was </font><font style="font-family:inherit;font-size:10pt;">$77.7 million</font><font style="font-family:inherit;font-size:10pt;">.  See Note 12 for information concerning the NMPRC&#8217;s treatment of BDT in PNM&#8217;s NM 2015 Rate Case.  Although operating costs will be reduced due to the retirement of SJGS Units 2 and 3, the operating costs for SJGS Units 1 and 4 have increased with the installation of SNCR and BDT equipment.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2015, the NMPRC issued an order regarding SJGS.  As provided in that order: </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will retire SJGS Units 2 and 3 (PNM&#8217;s current ownership interest totals </font><font style="font-family:inherit;font-size:10pt;">418</font><font style="font-family:inherit;font-size:10pt;">&#32;MW) by December 31, 2017 and recover, over </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">&#32;years, </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;of their undepreciated net book value at that date and earn a regulated return on those costs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is granted a CCN to acquire an additional </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;">&#32;MW in SJGS Unit 4, effective January 1, 2018, with an initial book value of </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">, plus the costs of SNCR and other capital additions </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is granted a CCN for </font><font style="font-family:inherit;font-size:10pt;">134</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PVNGS Unit 3 with an initial rate base value equal to the book value as of December 31, 2017, including transmission assets associated with PVNGS Unit 3, (currently estimated to aggregate approximately </font><font style="font-family:inherit;font-size:10pt;">$155 million</font><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No later than December 31, 2018, and before entering into a binding agreement for post-2022 coal supply for SJGS, PNM will file its position and supporting testimony in a NMPRC case to determine the extent to which SJGS should continue </font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;53</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-left:48px;text-align:justify;"><font style="font-family:inherit;font-size:10pt;">serving PNM&#8217;s retail customers&#8217; needs after mid-2022; all parties to the stipulation agree to support this case being decided within </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;">&#32;months (see Other SJGS Matters below and Note 12)</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is authorized to acquire </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of SJGS Unit 4 as excluded utility plant; PNM and PNMR commit that no further coal-fired merchant plant will be acquired at any time by PNM, PNMR, or any PNM affiliate; PNM is not precluded from seeking a CCN to include the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW or other coal capacity in rate base</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning January 1, 2020, for every MWh produced by </font><font style="font-family:inherit;font-size:10pt;">197</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of coal-fired generation from PNM&#8217;s ownership share of SJGS, PNM will acquire and retire </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;MWh of RECs or allowances that include a zero-CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emission attribute compliant with EPA&#8217;s Clean Power Plan; this REC retirement is in addition to what is required to meet the RPS; the cost of these RECs are to be capped at </font><font style="font-family:inherit;font-size:10pt;">$7.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;per year and will be recovered in rates; PNM should purchase EPA-compliant RECs from New Mexico renewable generation unless those RECs are more costly</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will accelerate recovery of SNCR costs on SJGS Units 1 and 4 so that the costs are fully recovered by July 1, 2022 (cost recovery for PNM&#8217;s BDT project is discussed in Note 12) </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will not recover approximately </font><font style="font-family:inherit;font-size:10pt;">$20 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of other costs incurred in connection with CAA compliance</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC will issue a Notice of Proposed Dismissal in PNM&#8217;s 2014 IRP</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;At December 31, 2015, PNM recorded losses for regulatory disallowances and restructuring costs, aggregating </font><font style="font-family:inherit;font-size:10pt;">$165.7 million</font><font style="font-family:inherit;font-size:10pt;">, reflecting a </font><font style="font-family:inherit;font-size:10pt;">$127.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;regulatory disallowance to reflect the write-off of the </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;of the estimated December 31, 2017 net book value that will not be recovered, the other unrecoverable costs, and the </font><font style="font-family:inherit;font-size:10pt;">$16.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;increase in the estimated liability recorded for coal mine reclamation resulting from the new coal mine reclamation arrangement entered into in conjunction with the new coal supply agreement (&#8220;CSA&#8221;).  The ultimate amount of the regulatory disallowance will be dependent on the actual December 31, 2017 net undepreciated book values of SJGS Units 2 and 3.  Accordingly, the amount recorded will be adjusted to reflect changes to the December 31, 2017 net book values.  Additional information about the CSA is discussed under Coal Supply below and in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During 2016, PNM revised its estimates of the December 31, 2017 projected book value of SJGS Units 2 and 3 and the other unrecoverable costs, which resulted in a net expense of </font><font style="font-family:inherit;font-size:10pt;">$3.7 million</font><font style="font-family:inherit;font-size:10pt;">, including a </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;expense related to a refinement of the estimated liability for coal mine reclamation from the new coal mine reclamation arrangement.  PNM recorded an expense of </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;during the three months ended March 31, 2016, an expense of </font><font style="font-family:inherit;font-size:10pt;">$5.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended September 30, 2016, and a reduction of expense of </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended December 31, 2016, which are reflected in regulatory disallowances and restructuring costs on the Condensed Consolidated Statement of Earnings.  In addition, PNMR Development recorded an expense of </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended March 31, 2016 for costs it was obligated to reimburse the other SJGS participants under the restructuring arrangement, which is included in other deductions on the Condensed Consolidated Statement of Earnings.  At September 30, 2017, the carrying value for PNM&#8217;s current ownership share of SJGS Units 2 and 3 is comprised of plant in service of </font><font style="font-family:inherit;font-size:10pt;">$471.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and accumulated depreciation and amortization (including cost of removal) of </font><font style="font-family:inherit;font-size:10pt;">$211.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for a net undepreciated book value of </font><font style="font-family:inherit;font-size:10pt;">$260.2 million</font><font style="font-family:inherit;font-size:10pt;">, offset by </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">&#32;(which equals </font><font style="font-family:inherit;font-size:10pt;">$128.6 million</font><font style="font-family:inherit;font-size:10pt;">) of the anticipated December 31, 2017 undepreciated net book value of SJGS Units 2 and 3 that will not be recovered, resulting in the net carrying value for SJGS Units 2 and 3 being </font><font style="font-family:inherit;font-size:10pt;">$131.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at September 30, 2017.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 14, 2016, NEE filed a Notice of Appeal with the NM Supreme Court of the NMPRC&#8217;s December 16, 2015 order.  On July 22, 2016, NEE filed a brief alleging that the NMPRC&#8217;s decision violated New Mexico statutes and NMPRC regulations because PNM did not adequately consider replacement resources other than those proposed by PNM, the NMPRC did not require PNM to adequately address and mitigate ratepayer risk, the NMPRC unlawfully shifted the burden of proof, and the NMPRC&#8217;s decision was arbitrary and capricious.&#160; Answer briefs refuting NEE&#8217;s claims were filed on November 2, 2016 by PNM, the NMPRC, and certain intervenors.  Reply briefs were filed by NEE on January 9, 2017 and the parties presented oral argument to the court on January 25, 2017.  The court has not rendered a decision on the appeal and there is no required time frame for a decision.  In addition, on March 31, 2016, NEE filed a complaint with the NMPRC against PNM regarding the financing provided by NM Capital to facilitate the sale of SJCC (see Coal Supply below).  The complaint alleges that PNM failed to comply with its discovery obligation in the SJGS abandonment case and requests the NMPRC investigate whether the financing transactions could adversely affect PNM&#8217;s ability to provide electric service to its retail customers.  PNM responded to the complaint on May 4, 2016.  The NMPRC has taken no action on this matter.  PNM cannot currently predict the outcome of these matters. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS Ownership Restructuring Matters</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; As discussed in Note 16 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K, SJGS currently is jointly owned by PNM and </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;">&#32;other entities.  In connection with the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;54</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">proposed retirement of SJGS Units 2 and 3, some of the SJGS participants expressed a desire to exit their ownership in the plant.  As a result, the SJGS participants negotiated a restructuring of the ownership in SJGS and addressed the obligations of the exiting participants for plant decommissioning, mine reclamation, environmental matters, and certain future operating costs, among other items.  The exiting participants currently own </font><font style="font-family:inherit;font-size:10pt;">50.0%</font><font style="font-family:inherit;font-size:10pt;">&#32;of SJGS Unit 3 and </font><font style="font-family:inherit;font-size:10pt;">38.8%</font><font style="font-family:inherit;font-size:10pt;">&#32;of SJGS Unit 4, but none of SJGS Units 1 and 2.  PNM currently owns </font><font style="font-family:inherit;font-size:10pt;">50.0%</font><font style="font-family:inherit;font-size:10pt;">&#32;of SJGS Units 1, 2, and 3 and owns </font><font style="font-family:inherit;font-size:10pt;">38.5%</font><font style="font-family:inherit;font-size:10pt;">&#32;of SJGS Unit 4.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following mediated negotiations, the SJGS participants executed the San Juan Project Restructuring Agreement (&#8220;RA&#8221;) on July 31, 2015.  The RA provides the essential terms of restructured ownership and addresses other related matters, including that the exiting participants remain obligated for their proportionate shares of environmental, mine reclamation, and certain other legacy liabilities that are attributable to activities that occurred prior to their exit.  PNMR Development became a party to the RA and agreed to acquire a </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW ownership interest in SJGS Unit 4 on the December 31, 2017 exit date, but has obligations related to Unit 4 before then.  On the exit date, PNM would acquire </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;">&#32;MW and PNMR Development would acquire </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of the capacity in SJGS Unit 4 from the exiting owners for </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;initial cost other than funding capital improvements, including the costs of installing SNCR and BDT equipment.  PNMR Development&#8217;s share of the costs of installing SNCR and BDT equipment amounted to </font><font style="font-family:inherit;font-size:10pt;">$7.6 million</font><font style="font-family:inherit;font-size:10pt;">.  PNMR Development has assigned the rights and obligations related to the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW to PNM effective on December 31, 2017, which will facilitate dispatch of power from that capacity.  As ordered by the NMPRC, PNM will treat the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW as merchant utility plant that will be excluded from retail rates.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022 (Note 7).  Reflecting the additions of the </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;">&#32;MW and </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;">&#32;MW, PNM&#8217;s ownership share would be </font><font style="font-family:inherit;font-size:10pt;">77.3%</font><font style="font-family:inherit;font-size:10pt;">&#32;in SJGS Unit 4 and an aggregate of </font><font style="font-family:inherit;font-size:10pt;">66.3%</font><font style="font-family:inherit;font-size:10pt;">&#32;in SJGS Units 1 and 4.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RA became effective contemporaneously with the effectiveness of the new CSA.  The effectiveness of the new CSA was dependent on the closing of the purchase of the existing coal mine operation by a new mine operator, which as discussed in Coal Supply below, occurred at 11:59 PM on January 31, 2016.  The RA sets forth the terms under which PNM acquired the coal inventory of the exiting SJGS participants as of January 1, 2016 and is suppling coal to the exiting participants for the period from January 1, 2016 through December 31, 2017, which arrangement provides economic benefits that are being passed on to PNM&#8217;s customers through the FPPAC.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other SJGS Matters</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; Although the RA results in an agreement among the SJGS participants enabling compliance with current CAA requirements, it is possible that the financial impact of climate change regulation or legislation, other environmental regulations, the result of litigation, and other business considerations, could jeopardize the economic viability of SJGS or the ability or willingness of individual participants to continue participation in the plant.  PNM&#8217;s 2017 IRP (Note 12) filed with the NMPRC on July 3, 2017 presented resource portfolio plans for scenarios that assumed SJGS will operate beyond the end of the current coal supply agreement that runs through June 30, 2022 and for scenarios that assumed SJGS will cease operations after mid-2022.  The 2017 IRP data shows that retiring SJGS in 2022 would provide long-term cost benefits to PNM&#8217;s customers.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 6, 2012, EPA issued its Four Corners FIP with a final BART determination for Four Corners.  The rule included </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;compliance alternatives.  On December 30, 2013, APS notified EPA that the Four Corners participants selected the alternative that required APS to permanently close Units 1-3 by January 1, 2014 and install SCR post-combustion NOx controls on each of Units 4 and 5 by July 31, 2018.  PNM owns a </font><font style="font-family:inherit;font-size:10pt;color:#000000;">13%</font><font style="font-family:inherit;font-size:10pt;">&#32;interest in Units 4 and 5, but had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;ownership interest in Units 1, 2, and 3, which were shut down by APS on December 30, 2013.  For particulate matter emissions, EPA is requiring Units 4 and 5 to meet an emission limit of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0.015</font><font style="font-family:inherit;font-size:10pt;">&#32;lbs/MMBTU and the plant to meet a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;">&#32;opacity limit, both of which are achievable through operation of the existing baghouses.  Although unrelated to BART, the final BART rule also imposes a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;">&#32;opacity limitation on certain fugitive dust emissions from Four Corners&#8217; coal and material handling operations. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM estimates its share of costs for post-combustion controls at Four Corners Units 4 and 5 to be up to </font><font style="font-family:inherit;font-size:10pt;">$89.2 million</font><font style="font-family:inherit;font-size:10pt;">, including amounts incurred through September 30, 2017 and PNM&#8217;s AFUDC.  PNM is seeking recovery from its ratepayers of these costs in its NM 2016 Rate Case discussed in Note 17 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K and Note 12.  PNM is unable to predict the ultimate outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;55</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Four Corners participants&#8217; obligations to comply with EPA&#8217;s final BART determinations, coupled with the financial impact of climate change regulation or legislation, other environmental regulations, and other business considerations, could jeopardize the economic viability of Four Corners or the ability of individual participants to continue their participation in Four Corners. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners Federal Agency Lawsuit</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; On April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal agencies in the United States District Court for the District of Arizona in connection with their issuance of the approvals that extended the life of Four Corners and the adjacent mine.  The lawsuit alleges that these federal agencies violated both the ESA and NEPA in providing the federal approvals necessary to extend operations at Four Corners and the adjacent mine past July 6, 2016.&#160; The court granted an APS motion to intervene in the litigation on August 3, 2016.  On September 15, 2016, NTEC, the current owner of the mine providing coal to Four Corners, filed a motion to intervene for the limited purpose of seeking dismissal of the lawsuit based on NTEC&#8217;s tribal sovereign immunity.  On September 11, 2017, the court granted NTEC&#8217;s motion and dismissed the case with prejudice, terminating the proceedings.  The environmental group plaintiffs have until November 13, 2017 to file an appeal of this dismissal order.  PNM cannot predict whether the plaintiffs will appeal the order or whether such appeal, if filed, will be successful.  </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Carbon Dioxide Emissions </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 3, 2015, EPA established final standards to limit CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions from power plants.  EPA took </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;separate but related actions in which it: (1) established the final carbon pollution standards for new, modified and reconstructed power plants; (2) established the final Clean Power Plan to set standards for carbon emission reductions from existing power plants; and (3) released a proposed federal plan associated with the final Clean Power Plan.  The Clean Power Plan was published on October 23, 2015.  Multiple states, utilities, and trade groups subsequently filed petitions for review and motions to stay in the DC Circuit. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Clean Power Plan establishes state-by-state targets for carbon emissions reduction and establishes deadlines for states to submit initial plans to EPA by September 6, 2016, with a potential </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year extension, and final plans by 2018.  The September 2016 deadline passed with no action and the 2018 deadline could be adjusted due to the stay of the Clean Power Plan issued by the US Supreme Court and pending litigation described below.  State plans can be based on either an emission standards (rate or mass) approach or a state measures approach.  Under an emission standards approach, federally enforceable emission limits are placed directly on affected units in the state.  A state measures approach must meet equivalent rates statewide, but may include some elements, such as renewable energy or energy efficiency requirements, that are not federally enforceable.  State measures plans may only be used with mass-based goals and must include &#8220;backstop&#8221; federally enforceable standards that will become effective if the state measures fail to achieve the expected level of emission reductions. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 21, 2016, the DC Circuit denied petitions to stay the Clean Power Plan.  On January 26, 2016, </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;">&#32;states and state agencies filed a petition to the US Supreme Court to reverse the DC Circuit&#8217;s decision and stay the implementation of the Clean Power Plan.  On February 9, 2016, the US Supreme Court issued a 5-4 decision granting the stay pending judicial review of the rule by the DC Circuit.&#160; The decision means the Clean Power Plan is not in effect and states are not obliged to comply with its requirements.  The DC Circuit heard oral arguments on September 27, 2016 in the case challenging the Clean Power Plan, but has not rendered&#160;a decision. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The proposed federal plan released concurrently with the Clean Power Plan is important to Four Corners and the Navajo Nation.&#160; Since the Navajo Nation does not have primacy over its air quality program, EPA would be the regulatory authority responsible for implementing the Clean Power Plan on the Navajo Nation if the Clean Power Plan is sustained under the current administration.&#160; In addition, the proposed rule recommends that EPA determine it is &#8220;necessary or appropriate&#8221; for EPA to regulate CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions on the Navajo Nation.&#160; The comment period for the proposed rule closed on January 21, 2016.&#160; APS and PNM filed separate comments with EPA on EPA&#8217;s draft plan and model trading rules, advocating that such a federal plan is neither necessary nor appropriate to protect air quality on the Navajo Nation.  If EPA was to determine that it was not necessary or appropriate, the Clean Power Plan would not apply to the Navajo Nation, in which case, APS has indicated the Clean Power Plan would not have a material impact on Four Corners.&#160; PNM is unable to predict the financial or operational impacts on Four Corners operations if EPA determines that a federal plan is necessary or appropriate for the Navajo Nation.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;56</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 30, 2016, EPA published in the Federal Register the design details of its voluntary Clean Energy Incentive Program under the Clean Power Plan.  Comments were due to EPA on November 1, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 28, 2017, President Trump issued an Executive Order on Energy Independence.  The order puts forth </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;general policies: promote clean and safe development of energy resources, while avoiding regulatory burdens, and ensure electricity is affordable, reliable, safe, secure, and clean.&#160; The order directs the EPA Administrator to immediately review and, if appropriate and consistent with law, suspend, revise, or rescind (1) the Clean Power Plan, (2) the New Source Performance Standards for GHG from new, reconstructed, or modified electric generating units, (3) the Proposed Clean Power Plan Model Trading Rules, (4) the Legal Memorandum supporting the Clean Power Plan, and (5) the New Source Performance Standards for Oil &amp; Natural Gas Sector.  It also directs the EPA Administrator to notify the US Attorney General of his intent to review rules subject to pending litigation so that the US Attorney General may notify the court and, in his discretion, request that the court delay further litigation pending completion of the reviews.  In connection with its review, EPA filed a petition with the DC Circuit requesting that the court hold the consolidated cases challenging the Clean Power Plan in abeyance until </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;">&#32;days after the conclusion of EPA&#8217;s review and any subsequent rulemaking.  The DC Circuit issued an order to hold the consolidated cases in abeyance.&#160; The DC Circuit issued a similar order&#160;in connection with a motion filed by EPA to hold&#160;consolidated cases challenging the NSPS in abeyance.  EPA also signed a Federal Register notice announcing that EPA is initiating its review of the Clean Power Plan and providing advance notice of forthcoming rulemaking proceedings.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 10, 2017, EPA issued a NOPR proposing to repeal the Clean Power Plan and filed its status report with the court requesting the case be held in abeyance until the completion of the rulemaking on the proposed repeal.  The NOPR proposes a legal interpretation concluding that the Clean Power Plan exceeds EPA&#8217;s statutory authority.  Under the proposed interpretation, Section 111(d) limits EPA&#8217;s authority to adopt performance standards to only those physical and operational changes that can be implemented within an individual source.  Therefore, measures in the Clean Power Plan that would require power generators to change their energy portfolios by shifting generation from coal to gas and from fossil fuel to renewable energy exceed EPA&#8217;s statutory authority.  The NOPR was published in the Federal Register on October 16, 2017, starting a </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;">-day public comment period.  Any final rule will be subject to legal challenge and judicial review.  EPA also noted that it is still evaluating whether to adopt a replacement rule to regulate GHG from existing electric utility generating units and may issue a proposed rulemaking if it determines that a replacement rule would be appropriate.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s review of the CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emission reductions standards under the Clean Power Plan is ongoing and the assessment of its impacts will depend on the proposed repeal of the Clean Power Plan, litigation of the final rule, and other actions the Trump Administration is taking through judicial and regulatory proceedings.  Accordingly, PNM cannot predict the impact these standards may have on its operations or a range of the potential costs of compliance, if any.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">National Ambient Air Quality Standards (&#8220;NAAQS&#8221;) </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CAA requires EPA to set NAAQS for pollutants considered harmful to public health and the environment.  EPA has set NAAQS for certain pollutants, including NOx, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt"> </sub></font><font style="font-family:inherit;font-size:10pt;">ozone, and particulate matter.  In 2010, EPA updated the primary NOx and SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;NAAQS to include a 1-hour maximum standard while retaining the annual standards for NOx and SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:10pt;">and the 24-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;standard.  New Mexico is in attainment for the 1-hour NOx NAAQS.  On May 13, 2014, EPA released the draft data requirements rule for the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;NAAQS, which directs state and tribal air agencies to characterize current air quality in areas with large SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;sources to identify maximum 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;concentrations.  The proposed rule also describes the process and timetable by which air regulatory agencies would characterize air quality around large SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;sources through ambient monitoring or modeling.  This characterization will result in these areas being designated as attainment, nonattainment, or unclassified for compliance with the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;NAAQS.&#160; On March 2, 2015, the United States District Court for the Northern District of California approved a settlement that imposes deadlines for EPA to identify areas that violate the NAAQS standards for 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions.  The settlement results from a lawsuit brought by Earthjustice on behalf of the Sierra Club and the Natural Resources Defense Council under the CAA.  The consent decree requires the following: (1) within </font><font style="font-family:inherit;font-size:10pt;">16</font><font style="font-family:inherit;font-size:10pt;">&#32;months of the consent decree entry, EPA must issue area designations for areas containing non-retiring facilities that either emitted more than </font><font style="font-family:inherit;font-size:10pt;">16,000</font><font style="font-family:inherit;font-size:10pt;">&#32;tons of SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;in 2012 or emitted more than </font><font style="font-family:inherit;font-size:10pt;">2,600</font><font style="font-family:inherit;font-size:10pt;">&#32;tons with an emission rate of </font><font style="font-family:inherit;font-size:10pt;">0.45</font><font style="font-family:inherit;font-size:10pt;">&#32;lbs/MMBTU or higher in 2012; (2) by December 2017, EPA must issue designations for areas for which states have not adopted a new monitoring network under the proposed data requirements rule; and (3) by December 2020, EPA must issue designations for areas for which states have adopted a new monitoring network under the proposed data requirements rule.&#160; SJGS and Four Corners SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions are below the tonnages set forth in (1) above.  EPA regions sent </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;57</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">letters to state environmental agencies explaining how EPA plans to implement the consent decree.&#160; The letters outline the schedule that EPA expects states to follow in moving forward with new SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;non-attainment designations.  NMED did not receive a letter. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 11, 2015, EPA released the Data Requirements Rule for SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, telling states how to model or monitor to determine attainment or nonattainment with the new 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;NAAQS.&#160; On June 3, 2016, NMED notified PNM that air quality modeling results indicated that SJGS was in compliance with the standard.  In January 2017, NMED submitted their formal modeling report regarding attainment status to EPA.  The modeling indicated that no area in New Mexico exceeds the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;standard.  In July of each year, NMED will submit an annual report to EPA documenting annual SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:10pt;">emissions from SJGS and the associated compliance status.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 14, 2015, PNM received an amendment to its NSR air permit for SJGS, which reflects the revised state implementation plan for regional haze BART and requires the installation of SNCRs as described above.  The revised permit also requires the reduction of SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions to </font><font style="font-family:inherit;font-size:10pt;">0.10</font><font style="font-family:inherit;font-size:10pt;">&#32;pound per MMBTU on SJGS Units 1 and 4 and the installation of BDT equipment modifications for the purpose of reducing fugitive emissions, including NOx, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2,</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;and particulate matter.  These reductions will help SJGS meet the NAAQS for these constituents.  The BDT equipment modifications were installed at the same time as the SNCRs, in order to most efficiently and cost effectively conduct construction activities at SJGS.  See Regional Haze &#8211; SJGS above.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2010, EPA announced it would strengthen the 8-hour ozone standard by setting a new standard in a range of </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;">-</font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;">&#32;parts per billion (&#8220;ppb&#8221;).  On October 1, 2015, EPA finalized the new ozone NAAQS and lowered both the primary and secondary 8-hour standard from </font><font style="font-family:inherit;font-size:10pt;">75</font><font style="font-family:inherit;font-size:10pt;">&#32;ppb to </font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;">&#32;ppb.  With ozone standards becoming more stringent, fossil-fueled generation units will come under increasing pressure to reduce emissions of NOx and volatile organic compounds, and to generate emission offsets for new projects or facility expansions located in nonattainment areas.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 10, 2015, EPA proposed a rule revising its Exceptional Events Rule, which outlines the requirements for excluding air quality data (including ozone data) from regulatory decisions if the data is affected by events outside an area&#8217;s control.  The proposed rule is timely in light of the new more stringent ozone NAAQS final rule since western states like New Mexico and Arizona are particularly subject to elevated background ozone transport from natural local sources such as wildfires, and transported via winds from distant sources, such as the stratosphere or another region or country.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 25, 2016, EPA released guidance on area designations, which states used to determine their initial designation recommendations by October 1, 2016.  EPA recommended that states and tribes use the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;most recent years of quality assured monitoring data available (e.g., 2013 to 2015) to recommend designations.  In their submittals, states and tribes were also able to use preliminary 2016 data.  EPA was expected to release final designations of attainment/nonattainment for areas by October 1, 2017.  On June 6, 2017, the EPA Administrator sent letters to state governors announcing that EPA was extending, by </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;year, the deadline for promulgating area designations.  However, on August 2, 2017, the Trump Administration reversed the decision to extend the deadline to issue area designations, thereby requiring EPA to issue designations for ozone attainment areas by October 1, 2017.  To date, the EPA has not issued such designations.  By October 2018, NMED is required to submit an infrastructure SIP that provides the basic air quality management program to implement the revised ozone standard.  These plans are generally due within </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;">&#32;months from the date of designation and are expected to be submitted to EPA by October 1, 2020.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMED published its 2015 Ozone NAAQS Designation Recommendation Report on September 2, 2016.  In New Mexico, NMED is designating only a small area in southern Dona Ana County as non-attainment for ozone.  NMED will have responsibility for bringing this nonattainment area into compliance and will look at all sources of NOx and volatile organic compounds since these are the pollutants that form ground-level ozone.  According to NMED&#8217;s website, &#8220;If emissions from Mexico keep New Mexico from meeting the standards, the New Mexico area could remain nonattainment but would not face more stringent requirements over time.&#8221;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM does not believe there will be material impacts to its facilities as a result of NMED&#8217;s nonattainment designation of the small area within Dona Ana County, but must wait on EPA&#8217;s ultimate approval, which was to have occurred by October 1, 2017.  Until EPA approves attainment designations for the Navajo Nation and releases a proposal to implement the revised ozone NAAQS, APS is unable to predict what impact the adoption of these standards may have on Four Corners.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;58</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WEG v. OSM NEPA Lawsuit</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2013, WEG filed a Petition for Review in the United States District Court of Colorado against OSM challenging federal administrative decisions affecting </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;">&#32;different mines in </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;states issued at various times from 2007 through 2012.&#160; In its petition, WEG challenges several unrelated mining plan modification approvals, which were each separately approved by OSM.&#160; Of the </font><font style="font-family:inherit;font-size:10pt;">fifteen</font><font style="font-family:inherit;font-size:10pt;">&#32;claims for relief in the WEG Petition, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;concern SJCC&#8217;s San Juan mine.&#160; WEG&#8217;s allegations concerning the San Juan mine arise from OSM administrative actions in 2008.&#160; WEG alleges various NEPA violations against OSM, including, but not limited to, OSM&#8217;s alleged failure to provide requisite public notice and participation, alleged failure to analyze certain environmental impacts, and alleged reliance on outdated and insufficient documents.&#160; WEG&#8217;s petition seeks various forms of relief, including a finding that the federal defendants violated NEPA by approving the mine plans; voiding, reversing, and remanding the various mining modification approvals; enjoining the federal defendants from re-issuing the mining plan approvals for the mines until compliance with NEPA has been demonstrated; and enjoining operations at the </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;">&#32;mines.  SJCC intervened in this matter.  The court granted SJCC&#8217;s motion to sever its claims from the lawsuit and transfer venue to the United States District Court for the District of New Mexico.  In February 2016, venue for this matter was transferred to the United States District Court for the Western District of Texas.  A stay in this matter expired on April 1, 2016 and was not renewed although the parties continued to engage in settlement negotiations.  On August 31, 2016, the court entered an order remanding the matter to OSM for the completion of an EIS.  The EIS is to be completed by August 31, 2019.  The court ruled that mining operations may continue in the interim and the litigation will be administratively closed.  If OSM does not complete the EIS within the time frame provided, the court will order immediate </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">vacatur</font><font style="font-family:inherit;font-size:10pt;">&#32;of the mining plan at issue.&#160; The scope of the EIS will be determined through a public process and is expected to include cumulative and indirect effects of surrounding sources.  On March 22, 2017, OSM issued its Notice of Intent to initiate the public scoping process and prepare an EIS for the project.  The Notice of Intent provided that the EIS will also analyze the effects of coal combustion at SJGS.  The public comment period ended on May 8, 2017 and the EIS is now in the resource data submittal phase.  PNM cannot currently predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Navajo Nation Environmental Issues </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners is located on the Navajo Reservation and is held under an easement granted by the federal government, as well as a lease from the Navajo Nation.  The Navajo Acts purport to give the Navajo Nation Environmental Protection Agency authority to promulgate regulations covering air quality, drinking water, and pesticide activities, including those activities that occur at Four Corners.  In October 1995, the Four Corners participants filed a lawsuit in the District Court of the Navajo Nation challenging the applicability of the Navajo Acts to Four Corners.  In May 2005, APS and the Navajo Nation signed an agreement resolving the dispute regarding the Navajo Nation&#8217;s authority to adopt operating permit regulations under the Navajo Nation Air Pollution Prevention and Control Act.  As a result of this agreement, APS sought, and the court granted, dismissal of the pending litigation in the Navajo Nation Supreme Court and the Navajo Nation District Court, to the extent the claims relate to the CAA.  The agreement does not address or resolve any dispute relating to other aspects of the Navajo Acts.  PNM cannot currently predict the outcome of these matters or the range of their potential impacts.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cooling Water Intake Structures  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA signed its final cooling water intake structures rule on May 16, 2014, which establishes national standards for certain cooling water intake structures at existing power plants and other facilities under the Clean Water Act to protect fish and other aquatic organisms by minimizing impingement mortality (the capture of aquatic wildlife on intake structures or against screens) and entrainment mortality (the capture of fish or shellfish in water flow entering and passing through intake structures).  The final rule was published on August 15, 2014 and became effective October 14, 2014. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final rule allows multiple compliance options and considerations for site specific conditions and the permit writer is granted a significant amount of discretion in determining permit requirements, schedules, and conditions.  To minimize impingement mortality, the rule provides operators of facilities, such as SJGS and Four Corners, </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;">&#32;options for meeting Best Technology Available (&#8220;BTA&#8221;) standards for reducing impingement.  SJGS has a closed-cycle recirculating cooling system, which is a listed BTA and may also qualify for the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">de minimis</font><font style="font-family:inherit;font-size:10pt;">&#32;rate of impingement&#8221; based on the design of the intake structure.  To minimize entrainment mortality, the permitting authority must establish the BTA for entrainment on a site-specific basis, taking into consideration an array of factors, including endangered species and social costs and benefits.  Affected sources must submit source water baseline characterization data to the permitting authority to assist in the determination.  Compliance deadlines under the rule are tied to permit renewal and will be subject to a schedule of compliance established by the permitting authority.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;59</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The rule is not clear as to how it applies and what the compliance timelines are for facilities like SJGS that have a cooling water intake structure and only a multi-sector general stormwater permit.  PNM is in discussion with EPA regarding this issue.  However, PNM does not expect material changes as a result of any requirements that may be imposed upon SJGS.  The requirements related to Four Corners will be addressed in a subsequent NPDES permitting cycle that will determine APS&#8217;s costs to comply with the rule.  PNM does not expect such costs to be material. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effluent Limitation Guidelines</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 7, 2013, EPA published proposed revised wastewater effluent limitation guidelines establishing technology-based wastewater discharge limitations for fossil fuel-fired electric power plants.&#160; EPA&#8217;s proposal offered numerous options that target metals and other pollutants in wastewater streams originating from fly ash and bottom ash handling activities, scrubber activities, and non-chemical metal cleaning waste operations.&#160; All proposed alternatives establish a &#8220;zero discharge&#8221; effluent limit for all pollutants in fly ash transport water.  Requirements governing bottom ash transport water differ depending on which alternative EPA ultimately chooses and could range from effluent limits based on Best Available Technology Economically Achievable to &#8220;zero discharge&#8221; effluent limits.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA signed the final Steam Electric Effluent Guidelines rule on September 30, 2015.  The final rule, which became effective on January 4, 2016, phases in the new, more stringent requirements in the form of effluent limits for arsenic, mercury, selenium, and nitrogen for wastewater discharged from wet scrubber systems and zero discharge of pollutants in ash transport water that must be incorporated into plants&#8217; NPDES permits.  Each plant must comply between 2018 and 2023 depending on when it needs a new/revised NPDES permit.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because SJGS is zero discharge for wastewater and is not required to hold a NPDES permit, it is expected that minimal to </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;requirements will be imposed.  Reeves Station, a PNM-owned gas-fired generating station, discharges cooling tower blowdown to a publicly owned treatment works and holds an NPDES permit.  It is expected that minimal to </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;requirements will be imposed at Reeves.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 14, 2017, EPA filed a motion with the United States Court of Appeals for the Fifth Circuit relating to ongoing litigation of the 2016 Steam Electric Effluent Guidelines rule.  EPA asks the court to hold all proceedings in the case in abeyance until August 12, 2017 while EPA reconsiders the rule.  EPA also asks to be allowed to file a motion on August 12, 2017 to inform the court if EPA wishes to seek a remand of any provisions of the rule so that EPA may conduct further rulemaking, if appropriate.  The motion refers to the notice signed by the EPA Administrator on April 12, 2017, which announced EPA&#8217;s intent to reconsider this rule, as well as EPA&#8217;s administrative stay of the compliance deadlines.  On August 22, 2017, the court granted the government&#8217;s motion and the litigation is held in abeyance until EPA&#8217;s further rulemaking has concluded.  On September 18, 2017, EPA published the final rule for postponement of certain compliance dates that have not yet passed for the Effluent Limitations Guidelines rule, consistent with the EPA's decision to grant reconsideration of that rule.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 25, 2017, EPA published in the Federal Register a notice of postponement of certain compliance dates for the 2016 Steam Electric Effluent Guidelines rule, consistent with the EPA's decision to grant reconsideration of the rule.  Specifically, the deadlines that will be postponed are the "best available technology" limitations and pretreatment standards for each of the following waste streams: fly ash transport water, bottom ash transport water, flue gas desulfurization wastewater, flue gas mercury control wastewater, and gasification wastewater. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners may be required to change equipment and operating practices affecting boilers and ash handling systems, as well as change its waste disposal techniques.  Until a draft NPDES permit is proposed for Four Corners, APS is uncertain what will be required to comply with the finalized effluent limitations.&#160; PNM is unable to predict the outcome of this matter or a range of the potential costs of compliance.&#160; </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;60</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Santa Fe Generating Station  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM and the NMED are parties to agreements under which PNM installed a remediation system to treat water from a City of Santa Fe municipal supply well, an extraction well, and monitoring wells to address gasoline contamination in the groundwater at the site of PNM&#8217;s former Santa Fe Generating Station and service center.  PNM believes the observed groundwater contamination originated from off-site sources, but agreed to operate the remediation facilities until the groundwater meets applicable federal and state standards or until the NMED determines that additional remediation is not required, whichever is earlier.  The City of Santa Fe has indicated that since the City no longer needs the water from the well, the City would prefer to discontinue its operation and maintain it only as a backup water source.  However, for PNM&#8217;s groundwater remediation system to operate, the water well must be in service.  Currently, PNM is not able to assess the duration of this project or estimate the impact on its obligations if the City of Santa Fe ceases to operate the water well. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Superfund Oversight Section of the NMED also has conducted multiple investigations into the chlorinated solvent plume in the vicinity of the site of the former Santa Fe Generating Station.  In February 2008, a NMED site inspection report was submitted to EPA, which states that neither the source nor extent of contamination has been determined and that the source may not be the former Santa Fe Generating Station.  Results of tests conducted by NMED in April 2012 and April 2013 showed elevated concentrations of nitrate in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;monitoring wells and an increase in free-phase hydrocarbons in another well.  PNM conducted similar site-wide sampling activities in April 2014 and obtained results similar to the 2013 data.  As part of this effort, PNM also collected a sample of hydrocarbon product for &#8220;fingerprint&#8221; analysis from a monitoring well located on the northeastern corner of the property.&#160; This analysis indicated that the hydrocarbon product was a mixture of newer and older fuels, and the location of the monitoring well suggests that the hydrocarbon product is likely from offsite sources.  PNM does not believe the former generating station is the source of the increased levels of free-phase hydrocarbons, but no conclusive determinations have been made.  However, it is possible that PNM&#8217;s prior activities to remediate hydrocarbon contamination, as conducted under an NMED-approved plan, may have resulted in increased nitrate levels.&#160; Therefore, PNM has agreed to monitor nitrate levels in a limited number of wells under the terms of the renewed discharge permit for the former generating station.&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective December 22, 2015, PNM and NMED entered into a memorandum of understanding to address changing groundwater quality conditions at the site.  Under the memorandum, PNM will continue hydrocarbon investigation of the site under the supervision of NMED and qualified costs of the work will be eligible for payment through the New Mexico Corrective Action Fund (&#8220;CAF&#8221;), which is administered by the NMED Petroleum Storage Tank Bureau.  Among other things, money in the CAF is available to NMED to make payments to or on behalf of owners and operators for corrective action taken in accordance with statutory and regulatory requirements to investigate, minimize, eliminate, or clean up a release.   PNM&#8217;s work plan and cost estimates for specific groundwater investigation tasks were approved by the Petroleum Storage Tank Bureau.  PNM submitted a monitoring plan consisting of a compilation of the data associated with the recent monitoring activities conducted under the CAF to NMED on October 3, 2016.  PNM has completed all CAF-related work associated with the monitoring plan and has received NMED&#8217;s approval.  Under the next phase, NMED will prepare a scope of work for PNM&#8217;s review and concurrence, which PNM anticipates will include installation of additional monitoring wells, as well as additional sampling of certain existing monitoring wells at the site.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is unable to predict the outcome of these matters.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Coal Combustion Byproducts Waste Disposal </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CCBs consisting of fly ash, bottom ash, and gypsum generated from coal combustion at SJGS are currently disposed of in the surface mine pits adjacent to the plant.  SJGS does not operate any CCB impoundments or landfills.  The NMMMD currently regulates placement of ash in the San Juan mine with federal oversight by the OSM.  APS disposes of CCBs in ash ponds and dry storage areas at Four Corners.&#160; Ash management at Four Corners is regulated by EPA and the New Mexico State Engineer&#8217;s Office. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2010, EPA published a proposed rule that included </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;options for waste designation of coal ash.  </font><font style="font-family:inherit;font-size:10pt;">One</font><font style="font-family:inherit;font-size:10pt;">&#32;option was to regulate CCBs as a hazardous waste, which would allow EPA to create a comprehensive federal program for waste management and disposal of CCBs.  The other option was to regulate CCBs as a non-hazardous waste, which would provide EPA with the authority to develop performance standards for waste management facilities handling CCBs and would be enforced primarily by state authorities or through citizen suits.  Both options allow for continued use of CCBs in beneficial applications.&#160;   </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;61</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 19, 2014, EPA issued its coal ash rule, including a non-hazardous waste determination for coal ash.  Coal ash will be regulated as a solid waste under Subtitle D of RCRA.  The rule sets minimum criteria for existing and new CCB landfills and existing and new CCB surface impoundments and all lateral expansions consisting of location restrictions, design and operating criteria; groundwater monitoring and corrective action; closure requirements and post closure care; and recordkeeping, notification, and internet posting requirements.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because the rule is promulgated under Subtitle D, it does not require regulated facilities to obtain permits, does not require the states to adopt and implement the new rules, and is not within EPA&#8217;s enforcement jurisdiction.  Instead, the rule&#8217;s compliance mechanism is for a state or citizen group to bring a RCRA citizen suit in federal district court against any facility that is alleged to be in non-compliance with the new requirements.  EPA published the final CCB rule in the Federal Register on April 17, 2015, with an effective date of October 19, 2015.  Based upon the requirements of the final rule, PNM conducted a CCB assessment at SJGS and made minor modifications at the plant to ensure that there are no facilities which would be considered impoundments or landfills under the rule.  PNM does not expect it to have a material impact on operations, financial position, or cash flows. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As indicated above, CCBs at Four Corners are currently disposed of in ash ponds and dry storage areas.  Depending upon the results of groundwater monitoring required by the CCB rule, Four Corners may be required to take corrective action.  Initial monitoring at Four Corners is not yet complete, so expenditures related to potential corrective actions, if any, cannot be reasonably estimated at this time. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to a June 24, 2016 order by the DC Circuit in litigation by industry and environmental groups challenging EPA&#8217;s CCB regulations, EPA is required to complete a rulemaking proceeding by June 2019 to address specific technical issues related to the handling of CCBs.&#160; EPA is not required to take final action approving the inclusion of boron, but EPA must propose and consider its inclusion.&#160; Should EPA take final action adding boron to the list of groundwater constituents, corrective action may be required.  Any resulting corrective action measures may increase costs of compliance with the CCB rule at coal-fired generating facilities.&#160; At this time, PNM cannot predict when EPA will commence its rulemaking concerning boron or the eventual results of those proceedings.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2016, the Water Infrastructure Improvements for the Nation Act (the &#8220;WIIN Act&#8221;) was signed into law to address critical water infrastructure needs in the United States.  The WIIN Act contains a number of provisions requiring EPA to modify the self-implementing provisions of the current CCB rules under Subtitle D.  Among other things, the WIIN Act provides for the establishment of state and EPA permit programs for CCBs, provides flexibility for states to incorporate the EPA final rule for CCBs or develop other criteria that are at least as protective as the EPA&#8217;s final rule, and requires EPA to approve state permit programs within </font><font style="font-family:inherit;font-size:10pt;">180</font><font style="font-family:inherit;font-size:10pt;">&#32;days of submission by the state for approval.  As a result, the CCB rule is no longer self-implementing and there will either be a state or federal permit program.  Subject to Congressional appropriated funding, EPA will implement the permit program in states that choose not to implement a program.  Until permit programs are in effect, EPA has authority to directly enforce the self-implementing CCB rule.  For facilities located within the boundaries of Native American tribal reservations, such as the Navajo Nation where Four Corners is located, EPA is required to develop a federal permit program regardless of appropriated funds.  EPA has yet to undertake rulemaking proceedings to implement the CCB provisions of the WIIN Act.  There is no time line for establishing either state or federal permitting programs.  APS recently filed a comment letter with EPA seeking clarification as to when and how EPA would be initiating permit proceedings for facilities on tribal reservations, including Four Corners.  PNM is unable to predict when EPA will be issuing permits for Four Corners.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based upon utility industry petitions for EPA to reconsider the RCRA Subtitle D regulations for CCBs, which were premised in part on the provisions of the WIIN Act, on September 13, 2017, EPA agreed to evaluate whether to revise the CCB regulations.  At this time, it is not clear whether the EPA will initiate further notice-and-comment rulemaking to revise the CCB rules or what aspects of the rules might be changed as a result of this process.  With respect to ongoing litigation initiated by industry and environmental groups challenging the legality of the CCB regulations, the DC Circuit ordered EPA to file a list of federal regulatory provisions addressing CCBs that are or likely will be revised by November 15, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CCB rule does not cover mine placement of coal ash.  OSM is expected to publish a proposed rule covering mine placement in the future and will likely be influenced by EPA&#8217;s rule.  PNM cannot predict the outcome of OSM&#8217;s proposed rulemaking regarding CCB regulation, including mine placement of CCBs, or whether OSM&#8217;s actions will have a material impact on PNM&#8217;s </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;62</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">operations, financial position, or cash flows.   PNM would seek recovery from its ratepayers of all CCB costs that are ultimately incurred.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Commitments and Contingencies</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Coal Supply </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The coal requirements for SJGS are supplied by SJCC.  SJCC holds certain federal, state, and private coal leases.  Through January 31, 2016, SJCC was a wholly-owned subsidiary of BHP and supplied processed coal for operation of SJGS under an underground coal sales agreement (&#8220;UG-CSA&#8221;) that was to expire on December 31, 2017.  In addition to coal delivered to meet the current needs of SJGS, PNM prepaid SJCC for certain coal mined but not yet delivered to the plant site.  At September 30, 2017 and December 31, 2016, prepayments for coal (including amounts purchased from the existing SJGS participants discussed below), which are included in other current assets, amounted to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$31.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$48.7 million</font><font style="font-family:inherit;font-size:10pt;">.  Additional information concerning the coal supply for SJGS is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with the activities undertaken to comply with the CAA for SJGS, as discussed above, PNM and the other owners of SJGS evaluated alternatives for the supply of coal to SJGS after the expiration of the UG-CSA.  On July 1, 2015, PNM and Westmoreland Coal Company (&#8220;Westmoreland&#8221;) entered into a new coal supply agreement (&#8220;CSA&#8221;), pursuant to which Westmoreland would supply all of the coal requirements of SJGS through June 30, 2022.  PNM and Westmoreland also entered into agreements under which Westmoreland would provide CCB disposal and mine reclamation services for SJGS.  Contemporaneous with the entry into the coal-related agreements, Westmoreland entered into a stock purchase agreement (the &#8220;Stock Purchase Agreement&#8221;) on July 1, 2015 to acquire all of the capital stock of SJCC.  In addition, PNM, Tucson, SJCC, and SJCC&#8217;s owner entered into an agreement to terminate the existing UG-CSA upon the effective date of the new CSA. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CSA became effective as of 11:59 PM on January 31, 2016, upon the closing under the Stock Purchase Agreement.  Upon closing under the Stock Purchase Agreement, Westmoreland&#8217;s rights and obligations under the CSA and the agreements for CCB disposal and mine reclamation services were assigned to SJCC.  Westmoreland has guaranteed SJCC&#8217;s performance under the CSA.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pricing under the CSA is primarily fixed, adjusted to reflect general inflation.  The pricing structure takes into account that SJCC has been paid for coal mined but not delivered, as discussed above.  PNM has the option to extend the CSA, subject to negotiation of the term of the extension and compensation to the miner.  In order to extend, PNM must give written notice of that intent by July 1, 2018 and the parties must agree to the terms of the extension by January 1, 2019.  However, as discussed in Note 12, PNM&#8217;s 2017 IRP shows that retirement of PNM&#8217;s SJGS capacity in 2022 would be cost-effective for customers.  If retirement of SJGS is approved by the NMPRC, there will be no need to extend the CSA.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RA sets forth terms under which PNM acquired the coal inventory, including coal mined but not delivered, of the exiting SJGS participants as of January 1, 2016 and is supplying coal to the SJGS exiting participants for the period from January 1, 2016 through December 31, 2017 and to the SJGS remaining participants over the term of the CSA.  Coal costs under the CSA are significantly less than under the previous arrangement with SJCC.  Since substantially all of PNM&#8217;s coal costs are passed through the FPPAC, the benefit of the reduced costs and the economic benefits of the coal inventory arrangement with the exiting owners are passed through to PNM&#8217;s customers.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In support of the closing under the Stock Purchase Agreement and to facilitate PNM customer savings, NM Capital, a wholly-owned subsidiary of PNMR, provided funding of </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;(the &#8220;Westmoreland Loan&#8221;) to Westmoreland San Juan, LLC (&#8220;WSJ&#8221;), a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland, to finance WSJ&#8217;s purchase of the stock of SJCC (including an insignificant affiliate) under the Stock Purchase Agreement.  NM Capital was able to provide the </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;financing to WSJ by first entering into a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;term loan agreement (the &#8220;BTMU Term Loan Agreement&#8221;) with BTMU, as lender and administrative agent.  The BTMU Term Loan Agreement became effective as of February 1, 2016, matures on February 1, 2021, and bears interest at a rate based on LIBOR plus a customary spread.  In connection </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;63</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">with the BTMU Term Loan Agreement, PNMR, as parent company of NM Capital, has guaranteed NM Capital&#8217;s obligations to BTMU.  The balance outstanding under the BTMU Term Loan Agreement was </font><font style="font-family:inherit;font-size:10pt;">$60.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Westmoreland Loan is a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;loan agreement among NM Capital, as lender, WSJ, as borrower, SJCC and its affiliate, as guarantors, BTMU, as administrative agent, and MUFG Union Bank, N.A., as depository bank.  The Westmoreland Loan became effective as of February 1, 2016, and matures on February 1, 2021.  The interest rate on the Westmoreland Loan escalates over time and was initially a rate of </font><font style="font-family:inherit;font-size:10pt;">7.25%</font><font style="font-family:inherit;font-size:10pt;">&#32;plus LIBOR.  Such rate is </font><font style="font-family:inherit;font-size:10pt;">9.25%</font><font style="font-family:inherit;font-size:10pt;">&#32;plus LIBOR for the period from February 1, 2017 through January 31, 2018.  WSJ must pay principal and interest quarterly to NM Capital in accordance with an amortization schedule.  In addition, the Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the amount outstanding under the Westmoreland Loan was </font><font style="font-family:inherit;font-size:10pt;">$66.2 million</font><font style="font-family:inherit;font-size:10pt;">.  The next principal payment of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;plus interest of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;is due on November 1, 2017.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was held in a SJCC restricted bank account that is to be used solely to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC and its affiliate.  The Westmoreland Loan also includes customary representations and warranties, covenants, and events of default.  There are </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;prepayment penalties. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with certain mining permits relating to the operation of the San Juan mine, SJCC is required to post reclamation bonds of </font><font style="font-family:inherit;font-size:10pt;">$118.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;with the NMMMD.  In order to facilitate the posting of reclamation bonds by sureties on behalf of SJCC, PNMR entered into separate letter of credit arrangements with a bank under which letters of credit aggregating </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;have been issued.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">APS purchased all of Four Corners&#8217; coal requirements from a supplier that was also a subsidiary of BHP and had a long-term lease of coal reserves with the Navajo Nation.  That contract was to expire on July 6, 2016 with pricing determined using an escalating base-price.  On December 30, 2013, ownership of the mine was transferred to NTEC, an entity owned by the Navajo Nation, and a new coal supply contract for Four Corners, beginning in July 2016 and expiring in 2031, was entered into with NTEC (the &#8220;Four Corners CSA&#8221;).  The BHP subsidiary was retained as the mine manager and operator through December 2016.  Bisti Fuels Company, LLC, a subsidiary of The North American Coal Corporation, took over management and operation of the mine effective January 1, 2017.  The average coal price per MMBTU under the new contract was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;">51%</font><font style="font-family:inherit;font-size:10pt;">&#32;higher in the twelve months ended June 30, 2017 than in the twelve months ended June 30, 2016, excluding the disputed amounts discussed below.  The contract provides for pricing adjustments over its term based on economic indices.  PNM anticipates that its share of the increased costs will be recovered through its FPPAC.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners Coal Supply Arbitration </font><font style="font-family:inherit;font-size:10pt;">&#8211; The owners of Four Corners are obligated to purchase a specified minimum amount of coal each contract year and to pay for any shortfall of coal that they fail to take delivery of below the minimum amount, except when caused by &#8220;uncontrollable forces&#8221; as defined in the Four Corners CSA.&#160; On June 13, 2017, APS received a demand for arbitration from NTEC in connection with the Four Corners CSA.&#160; NTEC sought a declaratory judgment to support its interpretation of a provision regarding uncontrollable forces in the agreement relating to the annual minimum quantities of coal to be purchased by the Four Corners owners.  NTEC also alleged a shortfall in those purchases for the initial contract year, which ended June 30, 2017, of which PNM&#8217;s share is estimated to be approximately </font><font style="font-family:inherit;font-size:10pt;">$6.5 million</font><font style="font-family:inherit;font-size:10pt;">.&#160; On September 20, 2017, NTEC amended its demand for arbitration removing the request for a declaratory judgment and is now only seeking relief for the alleged shortfall in purchases in the initial contract year.  PNM anticipates that substantially all of any amount it ultimately is required to pay would be passed through to customers under PNM&#8217;s FPPAC.  Although PNM cannot predict the timing or outcome of the arbitration, the outcome is not expected to have a material impact on its financial position, results of operations or cash flows. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Coal Mine Reclamation</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with the proposed shutdown of SJGS Units 2 and 3 to comply with the BART requirements of the CAA, an updated coal mine reclamation study was requested by the SJGS participants.  In 2013, PNM updated its study of the final reclamation costs for both the surface mines that previously provided coal to SJGS and the current underground mine providing coal and revised its estimates of the final reclamation costs.  This estimate reflected that, with the proposed shutdown of SJGS Units 2 and 3 described above, the mine providing coal to SJGS would continue to operate through 2053, the anticipated life of SJGS.  The 2013 coal mine reclamation study indicated reclamation costs had increased, including significant increases due to the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;64</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">proposed shutdown of SJGS Units 2 and 3, which would reduce the amount of CCBs generated over the remaining life of SJGS and result in a significant increase in the amount of fill dirt required to remediate the underground mine area thereby increasing the overall reclamation costs.  As discussed under Coal Combustion Byproducts Waste Disposal above, SJGS currently disposes of CCBs from the plant in the surface mine pits adjacent to the plant.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2015, PNM updated its final reclamation costs estimates to reflect the terms of the new reclamation services agreement with Westmoreland, discussed above, and changes resulting from the approval of the 2015 SJCC Mine Permit Plan.  The 2015 reclamation cost estimate reflected that the scope and pricing structure of the reclamation service agreement with Westmoreland would significantly increase reclamation costs.  In addition, design plan changes, updated regulatory expectations, and common mine reclamation practices incorporated into the 2015 SJCC Mine Permit reflect an increase in the 2015 reclamation cost estimate.  The impacts of these increases, amounting to </font><font style="font-family:inherit;font-size:10pt;">$16.5 million</font><font style="font-family:inherit;font-size:10pt;">, were recorded at December 31, 2015.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon effectiveness of the CSA and the RA, PNM, on behalf of the SJGS owners, coordinated a more detailed coal mine reclamation cost study, which was completed in the third quarter of 2016.   To complete the study, PNM was provided access to the mine site and obtained supporting data from Westmoreland, allowing for the 2015 study to be refined with a more extensive engineering analysis.  This reclamation cost estimate reflected the terms of the new reclamation services agreement with Westmoreland and continuation of mining operations through 2053.  The study indicated an increase in the reclamation cost estimate.  PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;share of the increase was recorded in the three months ended September 30, 2016.  The current estimate for decommissioning the mine serving Four Corners reflects the operation of the mine through 2031, the term of the new agreement for coal supply. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the 2016 estimates and PNM&#8217;s current ownership share of SJGS, PNM&#8217;s remaining payments as of September 30, 2017 for mine reclamation, in future dollars, are estimated to be </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the surface mines at both SJGS and Four Corners and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$127.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the underground mine at SJGS.  At September 30, 2017 and December 31, 2016, liabilities, in current dollars, of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$41.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$41.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for surface mine reclamation and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for underground mine reclamation were recorded in other deferred credits. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 12, PNM filed its 2017 IRP on July 3, 2017.  The conclusions contained in the 2017 IRP indicate that it would be cost beneficial to PNM&#8217;s customers for PNM to retire its SJGS capacity in 2022 and for PNM to exit its ownership interest in Four Corners in 2031.  If the NMPRC orders the abandonment of those facilities, PNM would be required to remeasure its liability for coal mine reclamation to reflect that reclamation activities would occur sooner than currently anticipated.  The remeasurement would likely result in a significant increase in PNM&#8217;s liability for SJGS mine reclamation due to a further increase in the amount of fill dirt required to remediate the mine areas thereby increasing the overall reclamation costs.  PNM would record a regulatory asset for amounts recoverable from ratepayers under existing or future orders of the NMPRC and amounts not recoverable would be expensed.  PNM cannot predict what actions the NMPRC might take. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the terms of the CSA, PNM and the other SJGS owners are obligated to compensate SJCC for all reclamation costs associated with the supply of coal from the San Juan mine.  The SJGS owners entered into a reclamation trust funds agreement to provide funding to compensate SJCC for post-term reclamation obligations under the UG-CSA.  As part of the restructuring of SJGS ownership (see SJGS Ownership Restructuring Matters above), the SJGS owners and PNMR Development negotiated the terms of an amended agreement to fund post-term reclamation obligations under the CSA.  The trust funds agreement requires each owner to enter into an individual trust agreement with a financial institution as trustee, create an irrevocable reclamation trust, and periodically deposit funds into the reclamation trust for the owner&#8217;s share of the mine reclamation obligation.  Deposits, which are based on funding curves, must be made on an annual basis.  As part of the restructuring of SJGS ownership discussed above, the SJGS participants agreed to adjusted interim trust funding levels.  Based on PNM&#8217;s reclamation trust fund balance at September 30, 2017, the current funding curves indicate PNM&#8217;s required contributions to its reclamation trust fund would be </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2017, </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2018, and </font><font style="font-family:inherit;font-size:10pt;">$8.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2019.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the Four Corners CSA, which became effective on July 7, 2016, PNM is required to fund its ownership share of estimated final reclamation costs in </font><font style="font-family:inherit;font-size:10pt;">thirteen</font><font style="font-family:inherit;font-size:10pt;">&#32;annual installments, beginning on August 1, 2016, into an irrevocable escrow account solely dedicated to the final reclamation cost of the surface mine at Four Corners.  PNM contributed </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to the escrow account in July 2017 and anticipates providing additional funding of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in each of 2018 and 2019.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;65</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM collects a provision for surface and underground mine reclamation costs in its rates.  The NMPRC has capped the amount that can be collected from retail customers for final reclamation of the surface mines at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">.  Previously, PNM recorded a regulatory asset for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and recovers the amortization of this regulatory asset in rates.  If future estimates increase the liability for surface mine reclamation, the excess would be expensed at that time.  The reclamation amounts discussed above reflect PNM&#8217;s estimates of its share of the revised costs.  Regulatory determinations made by the NMPRC may also affect the impact on PNM.  PNM is currently unable to determine the outcome of these matters or the range of possible impacts.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Continuous Highwall Mining Royalty Rate</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2013, the DOI Bureau of Land Management (&#8220;BLM&#8221;) issued a proposed rulemaking that would retroactively apply the surface mining royalty rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12.5%</font><font style="font-family:inherit;font-size:10pt;">&#32;to continuous highwall mining (&#8220;CHM&#8221;).&#160; Comments regarding the rulemaking were due on October 11, 2013 and PNM submitted comments in opposition to the proposed rule.  There is no legal deadline for adoption of the final rule.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SJCC utilized the CHM technique from 2000 to 2003 and, with the approval of the Farmington, New Mexico Field Office of BLM to reclassify the final highwall as underground reserves, applied the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">8.0%</font><font style="font-family:inherit;font-size:10pt;">&#32;underground mining royalty rate to coal mined using CHM and sold to SJGS.&#160; In March 2001, SJCC learned that the DOI Minerals Management Service (&#8220;MMS&#8221;) disagreed with the application of the underground royalty rate to CHM.&#160; In August 2006, SJCC and MMS entered into an agreement tolling the statute of limitations on any administrative action to recover unpaid royalties until BLM issued a final, non-appealable determination as to the proper rate for CHM-mined coal.&#160; The proposed BLM rulemaking has the potential to terminate the tolling provision of the settlement agreement, and underpaid royalties of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for SJGS would become due if the proposed BLM rule is adopted as proposed.&#160; PNM&#8217;s share of any amount that is ultimately paid would be approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">46.3%</font><font style="font-family:inherit;font-size:10pt;">, none of which would be passed through PNM&#8217;s FPPAC.  PNM is unable to predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PVNGS Liability and Insurance Matters </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public liability for incidents at nuclear power plants is governed by the Price-Anderson Nuclear Industries Indemnity Act, which limits the liability of nuclear reactor owners to the amount of insurance available from both commercial sources and an industry-wide retrospective payment plan.  In accordance with this act, the PVNGS participants are insured against public liability exposure for a nuclear incident up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13.4 billion</font><font style="font-family:inherit;font-size:10pt;">&#32;per occurrence.  PVNGS maintains the maximum available nuclear liability insurance in the amount of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$450 million</font><font style="font-family:inherit;font-size:10pt;">, which is provided by American Nuclear Insurers.  The remaining </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13.0 billion</font><font style="font-family:inherit;font-size:10pt;">&#32;is provided through a mandatory industry-wide retrospective assessment program.  If losses at any nuclear power plant covered by the program exceed the accumulated funds, PNM could be assessed retrospective premium adjustments.  Based on PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10.2%</font><font style="font-family:inherit;font-size:10pt;">&#32;interest in each of the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;PVNGS units, PNM&#8217;s maximum potential retrospective premium assessment per incident for all </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;units is </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$38.9 million</font><font style="font-family:inherit;font-size:10pt;">, with a maximum annual payment limitation of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;">, to be adjusted periodically for inflation. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PVNGS participants maintain insurance for damage to, and decontamination of, property at PVNGS in the aggregate amount of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.75 billion</font><font style="font-family:inherit;font-size:10pt;">, a substantial portion of which must first be applied to stabilization and decontamination.  These coverages are provided by Nuclear Electric Insurance Limited (&#8220;NEIL&#8221;).  The primary policy offered by NEIL contains a sublimit of </font><font style="font-family:inherit;font-size:10pt;">$2.25 billion</font><font style="font-family:inherit;font-size:10pt;">&#32;for non-nuclear property damage.  If NEIL&#8217;s losses in any policy year exceed accumulated funds, PNM is subject to retrospective premium adjustments of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for each retrospective premium assessment declared by NEIL&#8217;s Board of Directors due to losses.  The insurance coverages discussed in this and the previous paragraph are subject to certain policy conditions, sublimits, and exclusions. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Water Supply </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of New Mexico&#8217;s arid climate and periodic drought conditions, there is concern in New Mexico about the use of water, including that used for power generation.  Although PNM does not believe that its operations will be materially affected by drought conditions at this time, it cannot forecast long-term weather patterns.  Public policy, local, state and federal regulations, and litigation regarding water could also impact PNM operations.  To help mitigate these risks, PNM has secured permanent groundwater rights for the existing plants at Reeves Station, Rio Bravo, Afton, Luna, Lordsburg, and La Luz.  Water availability is not an issue for these plants at this time.  However, prolonged drought, ESA activities, and a federal lawsuit by the State of Texas (suing the State of New Mexico over water deliveries) could pose a threat of reduced water availability for these plants.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;66</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For SJGS and Four Corners, PNM and APS have negotiated an agreement with the more senior water rights holders (tribes, municipalities, and agricultural interests) in the San Juan basin to mutually share the impacts of water shortages with tribes and other water users in the San Juan basin.  The agreement to share shortages in 2017 through 2020 has been negotiated and awaits endorsement by the parties and the New Mexico State Engineer.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2010, APS signed an agreement on behalf of the PVNGS participants with </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">&#32;cities to provide cooling water essential to power production at PVNGS for </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;">&#32;years.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PVNGS Water Supply Litigation </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1986, an action commenced regarding the rights of APS and the other PVNGS participants to the use of groundwater and effluent at PVNGS.  APS filed claims that dispute the court&#8217;s jurisdiction over PVNGS&#8217; groundwater rights and their contractual rights to effluent relating to PVNGS and, alternatively, seek confirmation of those rights.  In 1999, the Arizona Supreme Court issued a decision finding that certain groundwater rights may be available to the federal government and Indian tribes.  In addition, the Arizona Supreme Court issued a decision in 2000 affirming the lower court&#8217;s criteria for resolving groundwater claims.  Litigation on these issues has continued in the trial court.  No trial dates have been set in these matters.  PNM does not expect that this litigation will have a material impact on its results of operation, financial position, or cash flows. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">San Juan River Adjudication  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1975, the State of New Mexico filed an action in New Mexico District Court to adjudicate all water rights in the San Juan River Stream System, including water used at Four Corners and SJGS.  PNM was made a defendant in the litigation in 1976.  In March 2009, former President Obama signed legislation confirming a 2005 settlement with the Navajo Nation.  Under the terms of the settlement agreement, the Navajo Nation&#8217;s water rights would be settled and finally determined by entry by the court of two proposed adjudication decrees.&#160; The court issued an order in August 2013 finding that no evidentiary hearing was warranted in the Navajo Nation proceeding and, on November 1, 2013, issued a Partial Final Judgment and Decree of the Water Rights of the Navajo Nation approving the proposed settlement with the Navajo Nation.  Several parties filed a joint motion for a new trial, which was denied by the court.  A number of parties subsequently appealed to the New Mexico Court of Appeals.  PNM has entered its appearance in the appellate case.  The issues have been fully briefed and the matter is pending with the New Mexico Court of Appeals. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is participating in this proceeding since PNM&#8217;s water rights in the San Juan Basin may be affected by the rights recognized in the settlement agreement as being owned by the Navajo Nation, which comprise a significant portion of water available from sources on the San Juan River and in the San Juan Basin.  PNM is unable to predict the ultimate outcome of this matter or estimate the amount or range of potential loss and cannot determine the effect, if any, of any water rights adjudication on the present arrangements for water at SJGS and Four Corners.  Final resolution of the case cannot be expected for several years.  An agreement reached with the Navajo Nation in 1985, however, provides that if Four Corners loses a portion of its rights in the adjudication, the Navajo Nation will provide, for an agreed upon cost, sufficient water from its allocation to offset the loss.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rights-of-Way Matter</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 28, 2014, the County Commission of Bernalillo County, New Mexico passed an ordinance requiring utilities to enter into a use agreement and pay a yet-to-be-determined fee as a condition to installing, maintaining, and operating facilities on county rights-of-way.  The fee is purported to compensate the county for costs of administering and maintaining the rights-of-way, as well as for capital improvements.  On February 27, 2014, PNM and other utilities filed a Complaint for Declaratory and Injunctive Relief in the United States District Court for the District of New Mexico challenging the validity of the ordinance.  The court denied the utilities&#8217; motion for judgment.  The court further granted the County&#8217;s motion to dismiss the state law claims.  The utilities filed an&#160;amended complaint reflecting the </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;federal claims remaining before the federal court.  The utilities also filed a complaint in Bernalillo County, New Mexico District Court reflecting the state law counts dismissed by the federal court.  In subsequent briefing in federal court, the County filed a motion for judgment on </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;of the utilities&#8217; claims, which was granted by the court, leaving a claim regarding telecommunications service as the remaining federal claim.  On January 4, 2016, the utilities filed an Application for Interlocutory Appeal from the state court, which was denied.  On March 28, 2017, the utilities filed a </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Writ of Certiorari </font><font style="font-family:inherit;font-size:10pt;">with the NM Supreme Court, which was denied</font><font style="font-family:inherit;font-size:10pt;color:#1f497d;">.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;The matter will proceed in New Mexico District Court.  The utilities and Bernalillo County reached a standstill agreement whereby the County would not take any enforcement action against the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;67</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">utilities pursuant to the ordinance during the pendency of the litigation, but not including any period for appeal of a judgment, or upon </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;">&#32;days written notice by either the County or the utilities of their intention to terminate the agreement.  If the challenges to the ordinance are unsuccessful, PNM believes any fees paid pursuant to the ordinance would be considered franchise fees and would be recoverable from customers.  PNM is unable to predict the outcome of this matter or its impact on PNM&#8217;s operations.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Navajo Nation Allottee Matters </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A putative class action was filed against PNM and other utilities in February 2009 in the United States District Court for the District of New Mexico.  Plaintiffs claim to be allottees, members of the Navajo Nation, who pursuant to the Dawes Act of 1887, were allotted ownership in land carved out of the Navajo Nation and allege that defendants, including PNM, are rights-of-way grantees with rights-of-way across the allotted lands and are either in trespass or have paid insufficient fees for the grant of rights-of-way or both.&#160; In March 2010, the court ordered that the entirety of the plaintiffs&#8217; case be dismissed.  The court did not grant plaintiffs leave to amend their complaint, finding that they instead must pursue and exhaust their administrative remedies before seeking redress in federal court.&#160; In May 2010, plaintiffs filed a Notice of Appeal with the Bureau of Indian Affairs (&#8220;BIA&#8221;), which was denied by the BIA Regional Director.  In May 2011, plaintiffs appealed the Regional Director&#8217;s decision to the DOI, Office of Hearings and Appeals, Interior Board of Indian Appeals.  Following briefing on the merits, on August 20, 2013, that board issued a decision upholding the Regional Director&#8217;s decision that the allottees had failed to perfect their appeals, and dismissed the allottees&#8217; appeals, without prejudice. &#160;The allottees have not refiled their appeals.  Although this matter was dismissed without prejudice, PNM considers the matter concluded.  However, PNM continues to monitor this matter in order to preserve its interests regarding any PNM-acquired rights-of-way.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In a separate matter, in September 2012, </font><font style="font-family:inherit;font-size:10pt;">43</font><font style="font-family:inherit;font-size:10pt;">&#32;landowners claiming to be Navajo allottees filed a notice of appeal with the BIA appealing a March 2011 decision of the BIA Regional Director regarding renewal of a right-of-way for a PNM transmission line.  The allottees, many of whom are also allottees in the above matter, generally allege that they were not paid fair market value for the right-of-way, that they were denied the opportunity to make a showing as to their view of fair market value, and thus denied due process.  On January 6, 2014, PNM received notice that the BIA, Navajo Region, requested a review of an appraisal report on </font><font style="font-family:inherit;font-size:10pt;color:#000000;">58</font><font style="font-family:inherit;font-size:10pt;">&#32;allotment parcels.  After review, the BIA concluded it would continue to rely on the values of the original appraisal.  On March 27, 2014, while this matter was stayed, the allottees filed a motion to dismiss their appeal with prejudice.&#160; On April 2, 2014, the allottees&#8217; appeal was dismissed with prejudice.  Subsequent to the dismissal, PNM received a letter from counsel on behalf of what appears to be a subset of the </font><font style="font-family:inherit;font-size:10pt;">43</font><font style="font-family:inherit;font-size:10pt;">&#32;landowner allottees involved in the appeal, notifying PNM that the specified allottees were revoking their consents for renewal of right of way on </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;">&#32;specific allotments.&#160; On January 22, 2015, PNM received a letter from the BIA Regional Director identifying </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;">&#32;allotments with rights-of-way renewals that were previously contested.&#160; The letter indicated that the renewals were not approved by the BIA because the previous consent obtained by PNM was later revoked, prior to BIA approval, by the majority owners of the allotments.  It is the BIA Regional Director&#8217;s position that PNM must re-obtain consent from these landowners.  On July 13, 2015, PNM filed a condemnation action in the United States District Court for the District of New Mexico regarding the approximately </font><font style="font-family:inherit;font-size:10pt;">15.49</font><font style="font-family:inherit;font-size:10pt;">&#32;acres of land at issue.  On December 1, 2015, the court ruled that PNM could not condemn </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;of the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">&#32;allotments at issue based on the Navajo Nation&#8217;s fractional interest in the land.  PNM&#8217;s motion for reconsideration of this ruling was denied.  On March 31, 2016, the Tenth Circuit granted PNM&#8217;s petition to appeal the December 1, 2015 ruling.  On September 18, 2015, the allottees filed a separate complaint against PNM for federal trespass.  Both matters have been consolidated and are stayed while PNM pursues its appeal before the Tenth Circuit.  On June 27, 2016, PNM filed its opening brief in the Tenth Circuit.  </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amicus</font><font style="font-family:inherit;font-size:10pt;">&#32;briefs were filed in support of PNM&#8217;s position.  On October 5, 2016, the United States, the Navajo Nation, and individual allottees filed their response briefs.  After the response briefs were filed, other entities requested leave to file </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">amicus</font><font style="font-family:inherit;font-size:10pt;">&#32;briefs addressing arguments raised in the United States&#8217; response brief.  Oral argument before the Tenth Circuit was heard on January 17, 2017.  On May 26, 2017, the Tenth Circuit affirmed the district court.  On July 8, 2017, PNM filed a Motion for Reconsideration </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">en banc </font><font style="font-family:inherit;font-size:10pt;">with the Tenth Circuit.  On July 21, 2017, the court denied PNM&#8217;s Motion for Reconsideration.  On July 26, 2017, PNM filed a motion to stay implementation of the court&#8217;s decision, which was denied.  PNM is considering all of its procedural options going forward in the litigation.  On September 11, 2017, PNM filed an Application for Extension of Time to File a Petition for </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Writ of Certiorari</font><font style="font-family:inherit;font-size:10pt;">&#32;in the US Supreme Court.  PNM&#8217;s application for an extension of time to November 20, 2017 was granted.  On October 23, 2017, the parties filed a Joint Motion to Stay the federal district court case for </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;">&#32;days based on the Navajo Nation&#8217;s acquisition of interests in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;additional allotments and the unresolved ownership of the fifth allotment due to the owner&#8217;s death.  The court granted this motion on October 24, 2017. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM cannot predict the outcome of these matters.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;68</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales Tax Audits</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2011, PNMR completed the sale of its retail electric provider, which operated in Texas under the name First Choice Power (&#8220;First Choice&#8221;).  Under the sale agreement, PNMR is contractually obligated for First Choice&#8217;s taxes relating to periods prior to the sale.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Texas Comptroller of Public Accounts (&#8220;Comptroller&#8221;) has initiated audits of First Choice&#8217;s sales and use tax filings and miscellaneous gross receipts tax filings for periods prior to the sale.  During the course of the audits, PNMR accrued an immaterial liability for items identified in the audits for which PNMR believed an unfavorable resolution was probable.  The Comptroller has issued notifications of audit results indicating additional tax due of </font><font style="font-family:inherit;font-size:10pt;">$5.0 million</font><font style="font-family:inherit;font-size:10pt;">, plus penalties and interest.  The primary issue in dispute is the disallowance by the auditor of the tax benefits of bad debt charge-offs and billing credits.  On behalf of First Choice, PNMR filed requests for redetermination for both audits.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has engaged in continued discussions with the Comptroller, as well as supplying additional documentation in support of PNMR&#8217;s positions.  If PNMR and the Comptroller do not reach agreement, this matter will go to hearing with the Texas State Office of Administrative Hearings.  Although PNMR believes its positions are correct, it is unable to predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s0DE7060B2F0FABD98964E7FF312653C5"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(12)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulatory and Rate Matters</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is involved in various regulatory matters, some of which contain contingencies that are subject to the same uncertainties as those described in Note 11.  Additional information concerning regulatory and rate matters is contained in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico General Rate Cases</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2015 General Rate Case</font><font style="font-family:inherit;font-size:10pt;">&#32;(&#8220;NM 2015 Rate Case&#8221;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 27, 2015, PNM filed an application with the NMPRC for a general increase in retail electric rates.  The application proposed a revenue increase of </font><font style="font-family:inherit;font-size:10pt;">$123.5 million</font><font style="font-family:inherit;font-size:10pt;">, including base non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$121.7 million</font><font style="font-family:inherit;font-size:10pt;">.  PNM&#8217;s application was based on a future test year (&#8220;FTY&#8221;) period beginning October 1, 2015 and proposed a ROE of </font><font style="font-family:inherit;font-size:10pt;">10.5%</font><font style="font-family:inherit;font-size:10pt;">.  The primary drivers of PNM&#8217;s identified revenue deficiency were the cost of infrastructure investments, including depreciation expense based on an updated depreciation study, and a decline in energy sales as a result of PNM&#8217;s successful energy efficiency programs and economic factors.  The application included several proposed changes in rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation.  Specific rate design proposals included higher customer and demand charges, a revenue decoupling pilot program applicable to residential and small commercial customers, a re-allocation of revenue among PNM&#8217;s customer classes, a new economic development rate, and continuation of PNM&#8217;s renewable energy rider.  PNM requested that the proposed new rates become effective beginning in July 2016.  On March 2, 2016, the NMPRC required PNM to file supplemental testimony regarding the treatment of renewable energy in PNM&#8217;s FPPAC.  See Renewable Portfolio Standard below.  A public hearing on the proposed new rates was held in April 2016.  Subsequent to this hearing, the NMPRC ordered PNM to file additional testimony regarding PNM&#8217;s interests in PVNGS, including the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PVNGS Unit 2 that PNM repurchased in January 2016, pursuant to the terms of the initial sales-leaseback transactions (Note 6).  A subsequent public hearing was held in June 2016.  After the June hearing, PNM and other parties were ordered to file supplemental briefs and to provide final recommended revenue requirements that incorporated fuel savings that PNM implemented effective January 1, 2016 from PNM&#8217;s SJGS coal supply agreement (&#8220;CSA&#8221;).&#160; PNM&#8217;s filing indicated that recovery for fuel related costs would be reduced by approximately </font><font style="font-family:inherit;font-size:10pt;">$42.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;reflecting the current CSA (Note 11), which also reduced the request for base non-fuel related revenues by </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;to </font><font style="font-family:inherit;font-size:10pt;">$121.5 million</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 4, 2016, the Hearing Examiner in the case issued a recommended decision (&#8220;RD&#8221;).&#160; The RD proposed an increase in non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$41.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;compared to the </font><font style="font-family:inherit;font-size:10pt;">$121.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;increase requested by PNM.  Major components of the difference in the increase in non-fuel revenues proposed in the RD, included:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;69</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of </font><font style="font-family:inherit;font-size:10pt;">9.575%</font><font style="font-family:inherit;font-size:10pt;">&#32;compared to the </font><font style="font-family:inherit;font-size:10pt;">10.5%</font><font style="font-family:inherit;font-size:10pt;">&#32;requested by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of the entire </font><font style="font-family:inherit;font-size:10pt;">$163.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;purchase price for the January 15, 2016 purchases of the assets underlying </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;leases of portions of PVNGS Unit 2 (Note 6); the RD proposed that power from the previously leased assets, aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expenses (other than property taxes, which were </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;per year at that time), but the customers would not bear any capital or depreciation costs other than those related to improvements made after the date of the original leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery from retail customers of the rent expense, which aggregates </font><font style="font-family:inherit;font-size:10pt;">$18.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;per year, under the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;leases of capacity in PVNGS Unit 1 that were extended for </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;">&#32;years beginning January 15, 2015 and the </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;lease of capacity in PVNGS Unit 2 that was extended for </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;">&#32;years beginning January 15, 2016 (Note 6) and related property taxes, which were </font><font style="font-family:inherit;font-size:10pt;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;per year at that time; the RD proposed that power from the leased assets, aggregating </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expense, except that customers would not bear rental costs or property taxes</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of the costs of converting SJGS Units 1 and 4 to BDT, which is required by the NSR permit for SJGS, (Note 11);  PNM&#8217;s share of the costs of installing the BDT equipment was </font><font style="font-family:inherit;font-size:10pt;">$52.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of which </font><font style="font-family:inherit;font-size:10pt;">$40.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was included in rate base in PNM&#8217;s rate request</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of amounts recorded as regulatory assets and deferred charges </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RD recommended that the NMPRC find PNM was imprudent in the actions taken to purchase the previously leased </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity in PVNGS Unit 2, extending the leases for </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity of PVNGS Units 1 and 2, and installing the BDT equipment on SJGS Units 1 and 4.  The RD also proposed that all fuel costs be removed from base rates and be recovered through the FPPAC.  The RD would credit retail customers with </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;">&#32;of the New Mexico jurisdictional portion of revenues from &#8220;refined coal&#8221; (a third-party pre-treatment process) at SJGS.  In addition, the RD would remove recovery of the costs of power obtained from New Mexico Wind from the FPPAC and include recovery of those costs through PNM&#8217;s renewable energy rider discussed below.  The RD recommended continuation of the renewable energy rider and certain aspects of PNM&#8217;s proposals regarding rate design, but would not approve certain other rate design proposals or PNM&#8217;s request for a revenue decoupling pilot program.  The RD proposed approving PNM&#8217;s proposals for revised depreciation rates (except for requiring depreciation on Four Corners be calculated based on a 2041 life rather than the 2031 life proposed by PNM), the inclusion of construction work in progress in rate base, and ratemaking treatment of the &#8220;prepaid pension asset.&#8221;  The RD did not preclude PNM from supporting the prudence of the PVNGS purchases and lease renewals in its next general rate case and seeking recovery of those costs.  PNM disagreed with many of the key conclusions reached by the Hearing Examiner in the RD and filed exceptions to defend its prudent utility investments.  Other parties also filed exceptions to the RD.&#160;&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC issued an order on September 28, 2016 that authorized PNM to implement an increase in non-fuel rates of </font><font style="font-family:inherit;font-size:10pt;">$61.2 million</font><font style="font-family:inherit;font-size:10pt;">, effective for bills sent to customers after September 30, 2016.  The order generally approved the RD, but with certain significant modifications.  The modifications to the RD included:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inclusion of the January 2016 purchase of the assets underlying </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;leases of capacity, aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW, of PVNGS Unit 2 at an initial rate base value of </font><font style="font-family:inherit;font-size:10pt;">$83.7 million</font><font style="font-family:inherit;font-size:10pt;">; and disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW was being leased by PNM, which aggregated </font><font style="font-family:inherit;font-size:10pt;">$43.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;when the order was issued </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Full recovery of the rent expense and property taxes associated with the extended leases for capacity, aggregating </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW, in Palo Verde Units 1 and 2</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of any future contributions for PVNGS decommissioning costs related to the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity purchased in January 2016 and the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity under the extended leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recovery of assumed operating and maintenance expense savings of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;annually related to BDT </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 30, 2016, PNM filed a notice of appeal with the NM Supreme Court regarding the order in the NM 2015 Rate Case.  Subsequently, NEE, NMIEC, and ABCWUA filed notices of cross-appeal to PNM&#8217;s appeal.  On October 26, 2016, PNM filed a statement of issues related to its appeal with the NM Supreme Court, which stated PNM is appealing the NMPRC&#8217;s determination that PNM was imprudent in the actions taken to purchase the previously leased </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity in PVNGS Unit 2, extending the leases for </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity of PVNGS Units 1 and 2, and installing BDT equipment on SJGS Units 1 and 4.  Specifically, PNM&#8217;s statement indicated it is appealing the following elements of the NMPRC&#8217;s order:</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;70</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the full purchase price, representing fair market value, of the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity in PVNGS Unit 2 purchased in January 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity was leased by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of future contributions for PVNGS decommissioning attributable to the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of purchased capacity and the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity under the extended leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the costs of converting SJGS Units 1 and 4 to BDT</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The issues that are being appealed by the various cross-appellants include:</font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs of the lease extensions for the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PVNGS Units 1 and 2 and any of the purchase price for the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW in PVNGS Unit 2</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs incurred under the new coal supply contract for Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revised method to collect PNM&#8217;s fuel and purchased power costs under the FPPAC </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final rate design </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to include the &#8220;prepaid pension asset&#8221; in rate base</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEE subsequently filed a motion for a partial stay of the order at the NM Supreme Court.  This motion was denied.  The NM Supreme Court stated that the court&#8217;s intent was to request that PNM reimburse ratepayers for any amount overcharged should the cross-appellants prevail on the merits.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 17, 2017, PNM filed its Brief in Chief, and pursuant to the court&#8217;s rules, the briefing schedule was completed on July 21, 2017.  Oral argument at the NM Supreme Court is scheduled for October 30, 2017.  Although appeals of regulatory actions of the NMPRC have a priority at the NM Supreme Court under New Mexico law, there is no required time frame for the court to act on the appeals.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP requires that a loss is to be recognized when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated.  When there is a range of the amount of the probable loss, the minimum amount of the range is to be accrued unless an amount within the range is a better estimate than any other amount.  PNM evaluated the accounting consequences of the order in the NM 2015 Rate Case and the likelihood of being successful on the issues it is appealing in the NM Supreme Court as required under GAAP.  The evaluation indicates it is reasonably possible that PNM will be successful on the issues it is appealing.  If the NM Supreme Court rules in PNM&#8217;s favor on some or all of the issues, those issues would be remanded back to the NMPRC for further action.  PNM continues to estimate that it will take a minimum of </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#32;months, from the date PNM filed its appeal, for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues.  During such time, the rates specified in the order will remain in effect.  PNM has concluded that a range of probable loss resulted from the NMPRC order in the NM 2015 Rate Case; that the minimum amount of loss continues to be </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#32;months of capital cost recovery, which the order disallowed for PNM&#8217;s investments in the PVNGS Unit 2 purchases, PVNGS Unit 2 capitalized improvements, and BDT; and that no amount within the range of possible loss is a better estimate than any other amount.  Accordingly, PNM recorded a pre-tax regulatory disallowance of </font><font style="font-family:inherit;font-size:10pt;">$6.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in September 2016 for the capital costs that will not be covered during that </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#32;month appeal period.  In addition, PNM recorded a pre-tax regulatory disallowance for </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of costs recorded as regulatory assets and deferred charges (which the order disallowed and which PNM did not challenge in its appeal) since PNM can no longer assert that those assets are probable of being recovered through the ratemaking process.  Additional losses will be recorded if the currently estimated </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#32;month time frame for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues is extended.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC&#8217;s order approved PNM&#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&#8217;s New Mexico net operating loss carryforward resulting from an extension of the income tax provision for fifty percent bonus depreciation.  The impact, net of federal income taxes, amounting to </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was reflected as a reduction of income tax expense in September 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM continues to believe that the disallowed investments, which are the subject of PNM&#8217;s appeal, were prudently incurred and that PNM is entitled to full recovery of those investments through the ratemaking process.  Although PNM believes it is </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;71</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">reasonably possible that its appeals will be successful, it cannot predict what decision the NM Supreme Court will reach or what further actions the NMPRC will take on any issues remanded to it by the court.  If PNM&#8217;s appeal is unsuccessful, PNM would record further pre-tax losses related to the capitalized costs for any unsuccessful issues.  The impacts of not recovering future contributions for decommissioning would be recorded in future periods.  The amounts of any such losses to be recorded would depend on the ultimate outcome of the appeal and NMPRC process, as well as the actual amounts reflected on PNM books at the time of the resolution.  However, based on the book values recorded by PNM as of September 30, 2017, such losses could include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The remaining costs to acquire the assets previously leased under </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;leases aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PVNGS Unit 2 capacity in excess of the recovery permitted under the NMPRC&#8217;s order; the net book value of such excess amount was </font><font style="font-family:inherit;font-size:10pt;">$76.9 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity in PVNGS Unit 2 purchased by PNM in January 2016 was being leased by PNM; the net book value of these improvements was $</font><font style="font-family:inherit;font-size:10pt;">39.9 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The remaining costs to convert SJGS Units 1 and 4 to BDT; the net book value of these assets was </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also, PNM has evaluated the accounting consequences of the issues that are being appealed by the cross-appellants.  Although PNM does not believe the issues raised in the cross-appeals have substantial merit, PNM is unable to predict what decision the NM Supreme Court will reach.  PNM does not believe that the likelihood of the cross-appeals being successful is probable.  However, if the NM Supreme Court were to overturn all of the issues subject to the cross-appeals and, upon remand, the NMPRC did not provide any recovery of those items, PNM would write-off all of the costs to acquire the assets previously leased under </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;leases aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PVNGS Unit 2 capacity, totaling </font><font style="font-family:inherit;font-size:10pt;">$153.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;(which amount includes </font><font style="font-family:inherit;font-size:10pt;">$76.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;that is the subject of PNM&#8217;s appeal discussed above) at September 30, 2017, after considering the loss recorded in 2016.  The impacts of not recovering costs for the lease extensions, new coal supply contract for Four Corners, and &#8220;prepaid pension asset&#8221; in rate base would be recognized in future periods reflecting that rates charged to customers would not recover those costs as they are incurred.  The outcomes of the cross-appeals regarding the FPPAC and rate design should not have financial impact to PNM.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is unable to predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2016 General Rate Case </font><font style="font-family:inherit;font-size:10pt;">(&#8220;NM 2016 Rate Case&#8221;)</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 7, 2016, PNM filed an application with the NMPRC for a general increase in retail electric rates.  PNM did not include any of the costs disallowed in the NM 2015 Rate Case that are at issue in its pending appeal to the NM Supreme Court.  Key aspects of PNM&#8217;s request are:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An increase in base non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$99.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on a FTY beginning January 1, 2018 (the NMPRC&#8217;s rules specify that a FTY is a </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;">&#32;month period beginning up to </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#32;months after the filing of a rate case application)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ROE of </font><font style="font-family:inherit;font-size:10pt;">10.125%</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Drivers of revenue deficiency</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Implementation of the modifications in PNM&#8217;s resource portfolio, which were previously approved by the NMPRC as part of the SJGS regional haze compliance plan (Note 11)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Infrastructure investments, including environmental upgrades at Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Declines in forecasted energy sales due to successful energy efficiency programs and other economic factors</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Updates in the FERC/retail jurisdictional allocations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proposed changes to rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased customer and demand charges</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A &#8220;lost contribution to fixed cost&#8221; mechanism applicable to residential and small commercial customers to address the regulatory disincentive associated with PNM&#8217;s energy efficiency programs</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;72</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC scheduled a public hearing to begin on June 5, 2017, ordered that a settlement conference should be held, and that any resulting stipulation should be filed by March 27, 2017.  Settlement discussions were held, but no agreements were reached by March 27, 2017.  PNM and several intervenors filed an unopposed motion with the NMPRC to extend by </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#32;month the procedural schedule, including the date for filing a stipulation.  On April 12, 2017, the NMPRC issued an order modifying the procedural schedule to allow for additional settlement discussion.  Under the revised schedule, any settlement stipulation was to be filed by April 27, 2017.   On April 27, 2017, PNM and several intervenors filed a motion with the NMPRC to extend the deadline for filing a stipulation.  The motion was granted by the Hearing Examiners and in May 2017, PNM and </font><font style="font-family:inherit;font-size:10pt;">thirteen</font><font style="font-family:inherit;font-size:10pt;">&#32;intervenors (the &#8220;Signatories&#8221;) entered into a comprehensive stipulation.  On May 12, 2017, the Hearing Examiners issued an order rejecting the stipulation in its then current form, but allowed the Signatories to revise the stipulation.  On May 23, 2017, the Signatories filed a revised stipulation that addressed the issues raised by the Hearing Examiners in their order.  NEE is the sole party opposing the revised stipulation.  The terms of the revised stipulation include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A revenue increase totaling </font><font style="font-family:inherit;font-size:10pt;">$62.3 million</font><font style="font-family:inherit;font-size:10pt;">, with an initial increase of </font><font style="font-family:inherit;font-size:10pt;">$32.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;beginning January 1, 2018 and the remaining increase beginning January 1, 2019</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of </font><font style="font-family:inherit;font-size:10pt;">9.575%</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Full recovery of the investment in SCRs at Four Corners with a debt-only return</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement not to adjust non-fuel base rate changes to be effective prior to January 1, 2020</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement to adjust the January 2019 increase for certain changes in federal corporate tax laws enacted prior to November 1, 2018 and effective and applicable to PNM by January 1, 2019</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Returning to customers over a </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year period the benefit of the reduction in the New Mexico corporate income tax rate (Note 13) to the extent attributable to PNM&#8217;s retail operations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will withdraw its proposal for a &#8220;lost contribution to fixed cost&#8221; mechanism with the issue to be addressed in a future docket</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 24, 2017, the NMPRC issued an order, which resulted in the tolling of the statutory suspension period for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;months and extending the suspension of the rate increase until January 6, 2018.  The NMPRC can further extend the suspension period for an additional </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;months.  A hearing on the revised stipulation was held in August 2017.  The revised stipulation requires the approval of the NMPRC in order to take effect.   </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If the NMPRC approves the revised stipulation as filed, GAAP would require PNM to recognize a loss to reflect that PNM will not earn an equity return on its investments in SCRs at Four Corners.  The loss would be recorded as a regulatory disallowance as of the date of NMPRC approval.  The amount of the loss would be calculated by determining the present value of disallowed cash flows, which would equal the difference between the cash flows resulting from recovery of those investments with a debt only return and the cash flows with a full return on investment (including an equity component), and discounting the differences at PNM&#8217;s WACC.  Such amount would depend on the final costs of the SCRs and other factors and assumptions at the date of NMPRC approval.  Based on the stipulation and PNM&#8217;s current assumptions, PNM estimates the regulatory disallowance would be approximately </font><font style="font-family:inherit;font-size:10pt;">$21 million</font><font style="font-family:inherit;font-size:10pt;">.  PNM cannot predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investigation/Rulemaking Concerning NMPRC Ratemaking Policies</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 22, 2017, the NMPRC issued an order opening an investigation and rulemaking to simplify and increase &#8220;the transparency of NMPRC rate cases by reducing the number of issues litigated in rate cases,&#8221; and provide a &#8220;more level playing field among intervenors and NMPRC staff on the one hand, and the utilities on the other.&#8221;  The order posed the following questions: whether a standardized method should be established for determining ROE; should the ROE be subject to reward or penalty based on utilities meeting or failing to meet certain metrics, which could include customer complaints, outages, peak demand reductions, and RPS and energy efficiency compliance; whether recovery of utility rate case expenses should be limited to 50% unless the case is settled; whether intervenors should be allowed to recover their expenses if the NMPRC accepts their position; whether parties should have access to software used by utilities to support their positions; and how regulatory assets should be authorized and recovered.  Initial comments were filed in July 2017 and a public workshop was held in September 2017.  Additional public workshops are scheduled in November 2017.  PNM cannot predict the outcome of this proceeding. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;73</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Renewable Portfolio Standard </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The REA establishes a mandatory RPS requiring a utility to acquire a renewable energy portfolio equal to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;">&#32;of retail electric sales by 2011, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">15%</font><font style="font-family:inherit;font-size:10pt;">&#32;by 2015, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;">&#32;by 2020.  PNM files annual renewable energy procurement plans for approval by the NMPRC.  The NMPRC requires renewable energy portfolios to be &#8220;fully diversified.&#8221; The current diversity requirements, which are subject to the limitation of the RCT, are minimums of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">30%</font><font style="font-family:inherit;font-size:10pt;">&#32;wind, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;">&#32;solar, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3%</font><font style="font-family:inherit;font-size:10pt;">&#32;distributed generation, and </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;">&#32;other.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The REA provides for streamlined proceedings for approval of utilities&#8217; renewable energy procurement plans, assures that utilities recover costs incurred consistent with approved procurement plans, and requires the NMPRC to establish a RCT for the procurement of renewable resources to prevent excessive costs being added to rates.  Currently, the RCT is set at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3%</font><font style="font-family:inherit;font-size:10pt;">&#32;of customers&#8217; annual electric charges.  PNM makes renewable procurements consistent with the NMPRC approved plans.  PNM recovers certain renewable procurement costs from customers through a rate rider.  See Renewable Energy Rider</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">below. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in PNM&#8217;s approved procurement plans are the following renewable energy resources:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PNM-owned solar PV facilities, including </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;">&#32;MW constructed in 2015 that were identified as a cost-effective resource in PNM&#8217;s application to retire SJGS Units 2 and 3 (Note 11) and are being recovered in the base rates provided in the NM 2015 Rate Case discussed above rather than through PNM&#8217;s renewable energy rider; and an additional procurement of </font><font style="font-family:inherit;font-size:10pt;">1.5</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of PNM-owned solar PV facilities to supply the energy sold under PNM&#8217;s voluntary renewable energy tariff  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA through 2027 for the output of New Mexico Wind, having an aggregate capacity of </font><font style="font-family:inherit;font-size:10pt;">204</font><font style="font-family:inherit;font-size:10pt;">&#32;MW and a PPA through 2035 for the output of Red Mesa Wind, an existing wind generator having an aggregate capacity of </font><font style="font-family:inherit;font-size:10pt;">102</font><font style="font-family:inherit;font-size:10pt;">&#32;MW </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA for the output of the Lightning Dock Geothermal facility; the geothermal facility began providing power to PNM in January 2014; the current capacity of the facility is </font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#32;MW </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Solar distributed generation, aggregating </font><font style="font-family:inherit;font-size:10pt;">81.6</font><font style="font-family:inherit;font-size:10pt;">&#32;MW at September 30, 2017,  owned by customers or third parties from whom PNM purchases any net excess output and RECs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Solar and wind RECs as needed to meet the RPS requirements </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2016 renewable energy procurement plan on June 1, 2015.  The plan met RPS and diversity requirements within the RCT in 2016 and 2017 using existing resources and did not propose any significant new procurements.  The NMPRC approved the plan in November 2015, and, after granting a rehearing motion to consider issues regarding the rate treatment of certain customers eligible for a cap on, or an exemption from, RPS procurement, the NMPRC again approved the plan in an order issued on February 3, 2016.  The NMPRC deferred issues related to capped and exempt customers to PNM&#8217;s NM 2015 Rate Case and to a new case, which the NMPRC subsequently initiated through issuance of an order to show cause.  The NM 2015 Rate Case and show cause proceeding were to examine whether PNM miscalculated the FPPAC factor and base fuel costs in its treatment of renewable energy costs and application of the renewable procurement cost caps and exemptions.  The show cause proceeding was stayed pending the outcome of the NM 2015 Rate Case.  The September 28, 2016 order in the NM 2015 Rate Case directed that the cost of New Mexico Wind be recovered through PNM&#8217;s renewable rider, rather than the FPPAC, and ordered certain other modifications regarding the accounting for renewable energy in PNM&#8217;s FPPAC.  These modifications do not affect the amount of fuel and purchased power or renewable costs that PNM will collect.  No action has been taken in the show cause proceeding and PNM cannot predict its outcome.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2017 renewable energy procurement plan on June 1, 2016.  The plan met RPS and diversity requirements for 2017 and 2018 using existing resources and PNM did not propose any significant new procurements.  PNM projected that its plan would slightly exceed the RCT in 2017 and would be within the RCT in 2018.  PNM requested a variance from the RCT in 2017 to the extent the NMPRC determined a variance was necessary.  A public hearing was held on September 26, 2016.  On October 21, 2016, the Hearing Examiner issued a recommended decision recommending that the plan be approved as filed and also found that a variance from the RCT was not required.  The NMPRC approved the recommended decision on November 23, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 1, 2017, PNM filed its 2018 renewable energy procurement plan.  PNM is requesting approval to procure an additional </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh in 2019 and </font><font style="font-family:inherit;font-size:10pt;">105</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh in 2020 from a re-powering of New Mexico Wind; approval to procure an additional </font><font style="font-family:inherit;font-size:10pt;">55</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh in 2019 and </font><font style="font-family:inherit;font-size:10pt;">77</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh in 2020 from a re-powering of Lightning Dock Geothermal; approval to procure </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of new </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;74</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">solar facilities to be constructed beginning in 2018; and various other requests, including the continuation of customer REC purchase programs and other purchases of RECs to ensure annual compliance with the RPS.  PNM&#8217;s proposed procurement cost for 2018 and 2019 will be within the RCT.  The plan is also seeking a variance from the &#8220;other&#8221; diversity category in 2018 due to a revised production forecast of the Lightning Dock Geothermal facility in 2018.  PNM also requested to adjust its annual renewable energy rate rider to collect the costs of renewable resources.  On June 14, 2017, the NMPRC issued an initial order appointing a Hearing Examiner and suspending the proposed rate rider adjustment.  A public hearing on the application was held in September 2017.  On October 17, 2017, the Hearing Examiner issued a recommended decision that PNM&#8217;s 2018 renewable energy procurement plan be approved by the NMPRC, except for the re-powering of Lightning Dock Geothermal and PNM&#8217;s request to procure </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of new solar facilities.   The Hearing Examiner recommended that the PPA for the output of energy from Lightning Dock Geothermal be terminated effective January 1, 2018.  The Hearing Examiner also recommended that the </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;">&#32;MW solar projects not be approved and that PNM be required to issue another all-renewables RFP within </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;">&#32;days of the issuance of a final order allowing developers to utilize PNM-owned sites to construct facilities, the output from which facilities would be sold to PNM through PPAs.  PNM strongly disagrees with the Hearing Examiner&#8217;s recommendations and believes they are unlawful and against the weight of evidence.  Exceptions to the recommended decision are due on October 27, 2017.  PNM will file its exceptions timely and will vigorously contest the Hearing Examiner&#8217;s proposals regarding Lightning Dock Geothermal and the requirement that PNM allow developers to construct renewable facilities on PNM-owned sites.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Renewable Energy Rider </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC has authorized PNM to recover certain renewable procurement costs through a rate rider billed on a per KWh basis.  In PNM&#8217;s NM 2015 Rate Case, the NMPRC authorized continuation of the renewable rider.  PNM recorded revenues from the rider of </font><font style="font-family:inherit;font-size:10pt;">$11.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$10.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended September 30, 2017 and 2016 and </font><font style="font-family:inherit;font-size:10pt;">$32.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$27.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the nine months ended September 30, 2017 and 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In its 2016 renewable energy procurement plan case, PNM proposed to collect </font><font style="font-family:inherit;font-size:10pt;">$42.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2016.  The 2016 rider adjustment was approved as part of the order issued February 3, 2016 approving the 2016 renewable energy plan.  In its 2017 renewable energy procurement plan, PNM proposed to collect </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;through the rider in 2017.  The increase, as compared with the amount the NMPRC approved for recovery through the rider in 2016, was due to recovering the costs of energy from New Mexico Wind through the rider, rather than through the FPPAC in compliance with the NMPRC&#8217;s order in PNM&#8217;s NM 2015 Rate Case.  The 2017 rider adjustment was approved in the November 23, 2016 order that approved the 2017 renewable energy plan.  On February 28, 2017, PNM filed a reconciliation of 2017 revenue requirement and proposed a revision to the rider that would recover </font><font style="font-family:inherit;font-size:10pt;">$42.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;during 2017.  In its 2018 renewable energy procurement plan case, PNM proposes to collect </font><font style="font-family:inherit;font-size:10pt;">$43.5 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the renewable rider, if PNM&#8217;s earned rate of return on jurisdictional equity in a calendar year, adjusted for weather and other items not representative of normal operations, exceeds the NMPRC-approved rate by </font><font style="font-family:inherit;font-size:10pt;">0.5%</font><font style="font-family:inherit;font-size:10pt;">, PNM is required to refund the excess to customers during May through December of the following year.  PNM&#8217;s annual compliance filings with the NMPRC show that its rate of return on jurisdictional equity did not exceed the limitation through 2016. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency and Load Management</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Program Costs and Incentives</font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public utilities are required by the Efficient Use of Energy Act to achieve specified levels of energy savings and to obtain NMPRC approval to implement energy efficiency and load management programs.  The act sets an annual program budget equal to </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;">&#32;of an electric utility&#8217;s annual revenue.  PNM&#8217;s costs to implement approved programs are recovered through a rate rider. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 15, 2016, PNM filed an application for energy efficiency and load management programs to be offered in 2017.  The proposed program portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;">&#32;programs with a total budget of </font><font style="font-family:inherit;font-size:10pt;">$28.0 million</font><font style="font-family:inherit;font-size:10pt;">.  The application also sought approval of an incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">75</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh.  The actual incentive would be based on actual savings achieved.  On January 11, 2017, the NMPRC approved an unopposed stipulation that established a method to ensure that funding of PNM&#8217;s energy efficiency program is equal to </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;">&#32;of retail revenues, with an estimated 2017 energy efficiency funding level of </font><font style="font-family:inherit;font-size:10pt;">$26.0 million</font><font style="font-family:inherit;font-size:10pt;">, and approved a sliding scale profit incentive with a base level of </font><font style="font-family:inherit;font-size:10pt;">7.1%</font><font style="font-family:inherit;font-size:10pt;">&#32;of program costs, equal to </font><font style="font-family:inherit;font-size:10pt;">$1.8 </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;75</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">million</font><font style="font-family:inherit;font-size:10pt;">, if PNM achieves a minimum proscribed level of energy savings, increasing to a maximum of </font><font style="font-family:inherit;font-size:10pt;">9.0%</font><font style="font-family:inherit;font-size:10pt;">&#32;depending on actual energy savings achieved above the minimum.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 14, 2017, PNM filed an application for energy efficiency and load management programs to be offered in 2018.  The proposed program portfolio consists of a continuation of the </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;">&#32;programs approved in the 2016 application with a total budget of </font><font style="font-family:inherit;font-size:10pt;">$25.1 million</font><font style="font-family:inherit;font-size:10pt;">.  The application also seeks approval of a sliding scale incentive with a base incentive of </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;if PNM is able to achieve saving of </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh in 2018.  As proposed, PNM would have earned an incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh.  The actual incentive would be based on actual savings achieved.  PNM proposed to continue the same </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;">&#32;programs and a similar incentive mechanism in 2019, with a proposed budget of </font><font style="font-family:inherit;font-size:10pt;">$28.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and a base level incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">.  On July 26, 2017, PNM, NMPRC staff, and other parties filed a stipulation that would resolve all issues in the case if approved by the NMPRC.  Under the settlement terms, all of PNM&#8217;s proposed programs would be approved with limited modifications and PNM&#8217;s base level incentive would be </font><font style="font-family:inherit;font-size:10pt;">$1.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in 2018.  PNM would earn an incentive of </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">69</font><font style="font-family:inherit;font-size:10pt;">&#32;GWh.  A public hearing was held in September 2017.  PNM is unable to predict the outcome of this proceeding. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency Rulemaking</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2012, the NMPRC opened an energy efficiency rulemaking docket to potentially address decoupling and incentives.  Workshops to develop a proposed rule have been held, but no order proposing a rule has been issued.  PNM is unable to predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 25, 2017, the NMPRC opened another energy efficiency rulemaking docket to consider whether applications for approval of energy efficiency and load management programs should be filed every </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">&#32;years rather than annually.  Written comments were filed in the rulemaking docket, and a public comment hearing was held on March 31, 2017.  On June 21, 2017, the NMPRC issued an order that modifies the filing frequency for utility energy efficiency plans to every </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;years.  </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also on June 21, 2017, the NMPRC issued a new notice of proposed rulemaking to consider possible changes affecting a utility&#8217;s ability to modify NMPRC approved funding levels by up to </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;">&#32;between energy efficiency program applications.  This rulemaking is in response to consensus changes proposed by parties in the January 25, 2017 rulemaking.  On September 13, 2017, the NMPRC approved the proposed rule.  Under the new rule, PNM&#8217;s next application for energy efficiency and load management programs will be made in 2020 for programs to be offered beginning in 2021.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Integrated Resource Plans </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMPRC rules require that investor owned utilities file an IRP every </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;years.  The IRP is required to cover a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20</font><font style="font-family:inherit;font-size:10pt;">-year planning period and contain an action plan covering the first </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#32;years of that period.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2014 IRP</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2014 IRP on July 1, 2014.  The </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year action plan was consistent with the replacement resources identified in PNM&#8217;s application to retire SJGS Units 2 and 3.  PNM indicated that it planned to meet its anticipated long-term resource needs with a combination of additional renewable energy resources, energy efficiency, and natural gas-fired facilities.  Consistent with statute and NMPRC rule, PNM incorporated a public advisory process into the development of its 2014 IRP.  On July 31, 2014, several parties requested the NMPRC not to accept the 2014 IRP as compliant with NMPRC rule because to do so could affect the then pending proceeding on PNM&#8217;s application to abandon SJGS Units 2 and 3 and for CCNs for certain replacement resources (Note 11) and because they asserted that the 2014 IRP did not conform to the NMPRC&#8217;s IRP rule.  Certain parties also asked that further proceedings&#160;on the 2014 IRP be held in abeyance until the conclusion of the SJGS abandonment/CCN proceeding.  The NMPRC issued an order in August 2014 that docketed a case to determine whether the 2014 IRP complied with applicable NMPRC rules.  The order also held the case in abeyance pending the issuance of final, non-appealable orders in PNM&#8217;s 2015 renewable energy procurement plan case and its application to retire SJGS Units 2 and 3.  The order regarding PNM&#8217;s application to abandon SJGS Units 2 and 3 described in Note 11 states that the NMPRC will issue a Notice of Proposed Dismissal in the 2014 IRP docket.  On May 4, 2016, the NMPRC issued the Notice of Proposed Dismissal, stating that the docket would be closed with prejudice within </font><font style="font-family:inherit;font-size:10pt;">thirty</font><font style="font-family:inherit;font-size:10pt;">&#32;days unless good cause was shown why the docket should remain open.  On May 31, 2016, NEE filed a request to hold the protests filed against PNM&#8217;s 2014 IRP in abeyance or to dismiss those protests without prejudice.  PNM resp</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;76</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">onded on June 13, 2016 and requested that the NMPRC dismiss the case with prejudice.  The NMPRC has not yet acted on its Notice of Proposed Dismissal or the request filed on May 31, 2016.  PNM cannot predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2017 IRP </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2017 IRP on July 3, 2017.  The 2017 IRP addresses a </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year planning period, from 2017 through 2036, and includes an action plan describing PNM&#8217;s plan to implement the 2017 IRP in the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year period following its filing.  PNM held its initial public advisory meeting on the 2017 IRP on June 30, 2016 and hosted </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;">&#32;meetings statewide to present details of the process and receive public comment.  The NMPRC&#8217;s order concerning SJGS&#8217; compliance with the BART requirements of the CAA discussed in Note 11 requires PNM to make a filing in 2018 to determine the extent to which SJGS Units 1 and 4 should continue serving PNM&#8217;s retail customers&#8217; needs after June 30, 2022.  The 2017 IRP analyzed several scenarios utilizing assumptions that PNM continues service from its SJGS capacity beyond mid-2022 and that PNM retires its capacity after mid-2022.  Key findings of the 2017 IRP include:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retiring PNM&#8217;s share of SJGS in 2022 after the expiration of the current operating and coal supply agreements would provide long-term cost savings for PNM&#8217;s customers</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM exiting its ownership interest in Four Corners after its current coal supply agreement expires in 2031 would also save customers money </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The best mix of new resources to replace the retired coal generation would include solar energy and flexible natural gas-fired peaking capacity; the mix could include energy storage if the economics support it and wind energy provided additional transmission capacity becomes available </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant increases in future wind energy supplies will likely require new transmission capacity to be built from eastern New Mexico to PNM&#8217;s service territory</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should retain the currently leased capacity in PVNGS, which would avoid replacement with carbon-emitting generation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should continue to develop and implement energy efficiency and demand management programs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should assess the costs and benefits of participating in the California Energy Imbalance Market</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should analyze its current Reeves Generating Station to consider possible technology improvements to phase out the older generators and replace them with new, more flexible supplies or energy storage </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Protests to the 2017 IRP were filed by several parties.  The issues addressed in the protests included the future of PNM&#8217;s interests in SJGS, Four Corners, and PVNGS and the timing of future procurement of renewable resources.  The NMPRC has assigned the case to a Hearing Examiner and a briefing schedule has been established to determine the appropriate scope of the case.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The 2017 IRP is not a final determination of PNM&#8217;s future generation portfolio.  Retiring PNM&#8217;s share of SJGS capacity and exiting Four Corners would require NMPRC approval of abandonment filings, which PNM would make at appropriate times in the future.  Likewise, NMPRC approval of new generation resources through CCN filings would be required.  PNM cannot predict the ultimate outcome of the 2017 IRP process or whether the NMPRC will approve subsequent filings that would encompass actions to implement the conclusions of the 2017 IRP.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">San Juan Generating Station Units 2 and 3 Retirement </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2015, the NMPRC issued an order approving PNM&#8217;s retirement of SJGS Units 2 and 3 on December 31, 2017.  On January 14, 2016, NEE filed an appeal of the order with the NM Supreme Court.  Additional information concerning the NMPRC filing and related proceedings is set forth in Note 11. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Application for Certificate of Convenience and Necessity</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 26, 2016, PNM filed an application for an </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;">&#32;MW gas plant to be located at SJGS, with an anticipated June 2018 in-service date.  On October 13, 2016, PNM filed a motion to vacate the procedural schedule to allow PNM to assess the continued need for the plant in light of possible changed circumstances affecting loads and resources.  On October 28, 2016, PNM filed a motion to withdraw its application and close the docket.  As grounds for the motion, PNM stated that, based on its updated peak demand forecast, the </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;">&#32;MW plant would not be needed in 2018.  On December 1, 2016, the Hearing Examiner issued a </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;77</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">recommended decision that would grant PNM&#8217;s motion to withdraw its application.  On May 24, 2017, the NMPRC issued its order approving the recommended decision and granting the motion to withdraw the application.  PNM will continue to evaluate its resource needs as part of its ongoing resource planning activities. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advanced Metering Infrastructure Application</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 26, 2016, PNM filed an application with the NMPRC requesting approval of a project to replace its existing customer metering equipment with Advanced Metering Infrastructure (&#8220;AMI&#8221;).  The application asks the NMPRC to authorize the recovery of the cost of the project, up to </font><font style="font-family:inherit;font-size:10pt;">$87.2 million</font><font style="font-family:inherit;font-size:10pt;">, in future ratemaking proceedings, as well as to approve the recovery of the remaining undepreciated investment in existing metering equipment estimated to be approximately </font><font style="font-family:inherit;font-size:10pt;">$33 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at the date of implementation and the costs of customer education and severances for affected employees.  On August 5, 2016, PNM filed a motion to suspend its AMI application so that it could evaluate the effect of the order in the NM 2015 Rate Case.  The NMPRC approved this motion.  On November 22, 2016, PNM filed a motion to lift the suspension and establish a new procedural schedule.  In December 2016, the Hearing Examiner issued an order lifting the suspension and issued a new procedural schedule.  Hearings in this matter were held in February and March 2017.  During the March 2017 hearing, it was disclosed that the proposed meter contractor may not have complied with certain New Mexico contractor licensing requirements.  PNM subsequently filed testimony regarding that matter as ordered by the Hearing Examiner.  On May 12, 2017, PNM requested a new procedural schedule to allow it to issue a new RFP for contracting work related to the meter installation and to update its cost-benefit analysis.  PNM subsequently updated the amount of the requested recovery for the anticipated cost of the project to </font><font style="font-family:inherit;font-size:10pt;">$95.1 million</font><font style="font-family:inherit;font-size:10pt;">.  An additional hearing was held on October 25-26, 2017.   PNM does not intend to proceed with the AMI project unless the NMPRC approves the entire application.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Facebook, Inc. Data Center Project</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 8, 2016, PNM filed an application with the NMPRC for approval of:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Two</font><font style="font-family:inherit;font-size:10pt;">&#32;new electric service rates </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA under which PNM would purchase renewable energy from PNMR Development </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A special service contract to provide electric service to a prospective new customer, a large Internet company, that was considering locating a data center in PNM&#8217;s service area </font></div></td></tr></table><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC approved PNM&#8217;s application on August 17, 2016.   At that time, the new customer was also considering the state of Utah for the location of the data center.  On September 15, 2016, PNM filed a notice informing the NMPRC that the customer, Facebook, Inc., had announced that it was selecting a site in New Mexico for its new data center.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Facebook&#8217;s service requirements include the acquisition by PNM of a sufficient amount of new renewable energy resources and RECs to match the energy and capacity requirements of the data center.  PNM&#8217;s initial procurement will be through a PPA with PNMR Development for the energy production from </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of new solar capacity that PNMR Development will construct and own.  The cost of the PPA will be passed through to Facebook under a new rate rider.  A new special service rate will be applied to Facebook&#8217;s energy consumption in those hours of the month when their consumption exceeds the energy production from the new renewable resources.  Construction of the first </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of solar capacity is expected to be completed in early 2018, which will coincide with initial operations of the data center, with the remainder of the capacity completed by mid-2018. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The approval order included a provision requiring that in any future rate case filed by PNM requesting an increase in rates of any other customer class, the NMPRC shall determine whether or not any customer class will be subject to increased rates due to Facebook&#8217;s fixed &#8220;Contribution to Production Charge for System Supplied Energy&#8221; and, if so, the NMPRC shall determine whether or not PNM will be allowed to recover such increased costs in the form of increased rates to other customers.  In the NM 2016 Rate Case filing discussed above, PNM indicated the Facebook arrangement did not result in increased rates to any other customer class. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hazard Sharing Agreements</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 1, 2016, PNM and Tri-State entered into a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year hazard sharing agreement, which expired on May 31, 2017.&#160; PNM and Tri-State entered into an additional agreement, under substantially identical terms, for a term of </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">&#32;years beginning </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;78</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 1, 2017, subject to NMPRC approval.  NMPRC approval was not required for the </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year agreement, but was required for the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year agreement.  On May 10, 2017, the NMPRC issued an order approving the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year agreement. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under these agreements, each party sells the other party </font><font style="font-family:inherit;font-size:10pt;">100</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of capacity and energy from each party&#8217;s designated primary resources, which is SJGS Unit 4 for PNM and Springerville Generating Station Unit 3 for Tri-State, on a unit contingent basis subject to certain performance guarantees.&#160; The agreements reduce the magnitude of each party&#8217;s single largest generating hazard and assist in enhancing the reliability and efficiency of their respective operations.  Both purchases and sales are made at the same market index price.  PNM passes the sales and purchases through to customers under PNM&#8217;s FPPAC.&#160; Information about the purchases and sales is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.50682261208577%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:42%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Purchases</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">615.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">632.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">268.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Firm-Requirements Wholesale Customers </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Navopache Electric Cooperative, Inc.</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, NEC filed a petition on April 8, 2015 for a declaratory order requesting that FERC find that NEC could purchase an unlimited amount of power and energy from third party supplier(s) under its PSA with PNM.  Following proceedings before a settlement judge, PNM and NEC entered into, and filed with FERC, a settlement agreement on October 29, 2015 that includes certain amendments to the PSA and related contracts on file with FERC.  FERC approved the settlement on January 21, 2016.  Under the settlement agreement, PNM served all of NEC&#8217;s load in 2016 at reduced demand and energy rates from those under the PSA.  Beginning January 1, 2016, NEC also paid certain third-party transmission costs that it only partially paid previously.  The PSA and related transmission agreements terminated on December 31, 2016.  In 2017, PNM is serving </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;">&#32;MW of NEC&#8217;s load under a short term coordination tariff at a rate lower than provided under the PSA.  Amounts billed to NEC were </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended September 30, 2017 and 2016 and </font><font style="font-family:inherit;font-size:10pt;">$3.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$14.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the nine months ended September 30, 2017 and 2016.  PNM&#8217;s NM 2016 Rate Case discussed above reflects a reallocation of costs among regulatory jurisdictions reflecting the termination of the contract to serve NEC.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advanced Meter System Deployment </font></div><div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2011, the PUCT approved a settlement and authorized an AMS deployment plan that permits TNMP to collect </font><font style="font-family:inherit;font-size:10pt;">$113.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in deployment costs through a surcharge over a </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;">-year period.  TNMP began collecting the surcharge on August&#160;11, 2011.  Deployment of advanced meters began in September 2011.  TNMP completed its mass deployment in 2016 and has installed more than </font><font style="font-family:inherit;font-size:10pt;">242,000</font><font style="font-family:inherit;font-size:10pt;">&#32;advanced meters.  </font></div><div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PUCT adopted a rule creating a non-standard metering service for retail customers choosing to decline standard metering service via an advanced meter.  The cost of providing non-standard metering service is to be borne by opt-out customers through an initial fee and ongoing monthly charge.  As approved by the PUCT, TNMP is recovering </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in costs through initial fees ranging from </font><font style="font-family:inherit;font-size:10pt;">$63.97</font><font style="font-family:inherit;font-size:10pt;">&#32;to </font><font style="font-family:inherit;font-size:10pt;">$168.61</font><font style="font-family:inherit;font-size:10pt;">&#32;and ongoing annual expenses of </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;through a </font><font style="font-family:inherit;font-size:10pt;">$36.78</font><font style="font-family:inherit;font-size:10pt;">&#32;monthly fee.  These amounts presume up to </font><font style="font-family:inherit;font-size:10pt;">1,081</font><font style="font-family:inherit;font-size:10pt;">&#32;consumers will elect the non-standard meter service, but TNMP has the right to adjust the fees if the number of anticipated consumers differs from that estimate.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">99</font><font style="font-family:inherit;font-size:10pt;">&#32;consumers have made the election.  TNMP does not expect the implementation of non-standard metering service to have a material impact on its financial position, results of operations, or cash flows.</font></div><div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;79</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Transmission Cost of Service Rates </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP can update its transmission rates twice per year to reflect changes in its invested capital.  Updated rates reflect the addition and retirement of transmission facilities, including appropriate depreciation, federal income tax and other associated taxes, and the approved rate of return on such facilities.  The following sets forth TNMP&#8217;s recent interim transmission cost rate increases:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:42.10526315789473%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:46%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:23%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:23%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effective Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Approved Increase in Rate Base</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual Increase in Revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 10, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 23, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 8, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 14, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 13, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 23, 2017, the PUCT staff filed proposed amendments to the interim transmission cost of service filing rule.  If approved, the amendments could reduce the frequency of such filings to once per year.  The amendments could also reduce the amount recovered by requiring that changes in accumulated deferred income taxes be considered and would preclude filings by utilities earning more than their authorized rate of return using weather-normalized data.  The PUCT has not yet approved the amendments for publication.  Initial comments on the proposed rule will be due </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;">&#32;days after publication.  TNMP cannot predict the outcome of this matter.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Periodic Distribution Rate Adjustment</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PUCT rules permit interim rate adjustments to reflect changes in investments in distribution assets.  Distribution utilities may file for a periodic rate adjustment between April 1 and April 8 of each year as long as the electric utility is not earning more than its authorized rate of return using weather-normalized data.  However, TNMP has not made a filing to adjust rates for additional investments in distribution assets.  In connection with TNMP&#8217;s deployment of its advance meter system discussed above, TNMP committed to file a general rate case no later than September 1, 2018.  TNMP has also committed that it would not file a request for an increase in rates to reflect changes in investments in distribution assets until after the 2018 general rate case.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Competition Transition Charge Compliance Filing</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the adoption of legislation that deregulated electric utilities operating within ERCOT, TNMP was allowed to recover its stranded costs through the CTC and to also recover a carrying charge on the CTC.  Further, the order authorizing TNMP's CTC included a true-up provision requiring an adjustment to the CTC due to a cumulative over- or under-collection of revenues, including interest, greater-than or equal to </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;">&#32;of the most recent annual CTC funding amount.  On March 13, 2017, TNMP made a filing to true-up the CTC.  The requested adjustment reduces the collection of the amortization by </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;annually.  On April 3, 2017, the PUCT staff filed its recommendation to approve the requested adjustment.  The change was approved on April 5, 2017 and went into effect on June 1, 2017. </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency</font></div><div style="line-height:115%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP recovers the costs of its energy efficiency programs through an energy efficiency cost recovery factor (&#8220;EECRF&#8221;), which includes projected program costs, under or over collected costs from prior years, rate case expenses, and performance bonuses (if the programs exceed mandated savings goals).  On May 25, 2017, TNMP filed its request to adjust the EECRF to reflect changes in costs for 2018.  The total amount requested was </font><font style="font-family:inherit;font-size:10pt;">$6.0 million</font><font style="font-family:inherit;font-size:10pt;">, which included a performance bonus of </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;based on TNMP&#8217;s energy efficiency achievements in the 2016 plan year.  On September 28, 2017, the PUCT approved a settlement among the parties accepting TNMP&#8217;s filing without adjustment.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s18F2A0E6A897675DC97EE7FF325E6AA2"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(13)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2013, New Mexico House Bill 641 reduced the New Mexico corporate income tax rate from </font><font style="font-family:inherit;font-size:10pt;">7.6%</font><font style="font-family:inherit;font-size:10pt;">&#32;to </font><font style="font-family:inherit;font-size:10pt;">5.9%</font><font style="font-family:inherit;font-size:10pt;">.  The rate reduction is being phased-in from 2014 to 2018.  In accordance with GAAP, PNMR and PNM adjusted accumulated deferred </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;80</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">income taxes during the period that includes the date of enactment, which was in the year ended December 31, 2013, to reflect the tax rate at which the balances are expected to reverse.  At that time, the portion of the adjustment related to PNM&#8217;s regulated activities was recorded as a reduction in deferred tax liabilities, which was offset by an increase in a regulatory liability, on the assumption that PNM would be required to return the benefit to customers over time.  In addition, the portion of the adjustment that is not related to PNM&#8217;s regulated activities was recorded in PNMR&#8217;s Corporate and Other segment as a reduction in deferred tax assets and an increase in income tax expense.  Changes in the estimated timing of reversals of deferred tax assets and liabilities will result in refinements of the impacts of this change in tax rates being recorded periodically until 2018, when the rate reduction is fully phased in.  In the three months ended March 31, 2017 and 2016, PNM&#8217;s regulatory liability was reduced by </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;">$7.1 million</font><font style="font-family:inherit;font-size:10pt;">, which increased deferred tax liabilities.  Deferred tax assets not related to PNM&#8217;s regulatory activities were: reduced by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended March 31, 2017, increasing income tax expense by less than </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for PNM and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the Corporate and Other segment; and decreased by </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended March 31, 2016, increasing income tax expense by </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for PNM and reducing income tax expense by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for the Corporate and Other segment.  In the stipulation filed in PNM&#8217;s NM 2016 Rate Case (Note 12), it is proposed that the benefit of the lower New Mexico corporate income tax rate be returned to customers over a </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year period beginning January 1, 2018.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2008, fifty percent bonus tax depreciation was enacted as a temporary </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year stimulus measure as part of the Economic Stimulus Act of 2008.  Bonus tax depreciation in various forms has been continuously extended since that time.  As a result of the net operating loss carryforwards for income tax purposes created by bonus depreciation, and reduced future income taxes payable resulting from New Mexico House Bill 641, certain tax carryforwards are not expected to be utilized before their expiration.  In accordance with GAAP, PNMR and PNM have impaired the tax carryforwards which were not expected to be utilized prior to their expiration.  The Company has not recorded any impairments in 2016 or 2017.  The NMPRC&#8217;s final order in PNM&#8217;s NM 2015 Rate Case (Note 12) approved PNM&#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&#8217;s New Mexico net operating loss carryforward resulting from the extension of bonus depreciation.  The impact, net of federal income taxes, amounts to </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">, which is reflected as a reduction of income tax expense on the Condensed Consolidated Statement of Earnings in the three months ended September 30, 2016.</font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company undertook an analysis of interest income and interest expense applicable to federal income tax matters.  The analysis encompassed the impacts of IRS examinations, amended income tax returns, and filings for carrybacks of tax matters to previous taxable years applicable to all years not closed under the IRS rules.  As a result of this effort, PNMR received net refunds from the IRS of </font><font style="font-family:inherit;font-size:10pt;">$6.5 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the three months ended June 30, 2016.  Of the refunds, </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was recorded as a reduction of interest receivable and </font><font style="font-family:inherit;font-size:10pt;">$5.1 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was recorded as interest income, which was partially offset by </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of interest expense.  In addition, PNMR incurred </font><font style="font-family:inherit;font-size:10pt;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in professional fees related to the analysis.  Of the net pre-tax impacts aggregating </font><font style="font-family:inherit;font-size:10pt;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;is reflected in the PNM segment, </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the TNMP segment, and </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;in the Corporate and Other segment.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note 8 for a discussion of the impacts on income tax expense resulting from the adoption of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;-</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;Stock Compensation (Topic 718).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s06163968857F28641C50E7FF326D1664"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(14)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related Party Transactions</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP are considered related parties as defined under GAAP, as is PNMR Services Company, a wholly-owned subsidiary of PNMR that provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements.  These services are billed at cost on a monthly basis to the business units.  The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;81</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:346px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:52px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Services billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,828</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,593</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,771</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,881</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">347</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">106</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax sharing payments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sA4DA7AA82F0F2EDB0896E7FF328D0F9F"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(15)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The excess purchase price over the fair value of the assets acquired and the liabilities assumed by PNMR for its 2005 acquisition of TNP was recorded as goodwill and was pushed down to the businesses acquired.  In 2007, the TNMP assets that were included in its New Mexico operations, including goodwill, were transferred to PNM.  PNMR&#8217;s reporting units that currently have goodwill are PNM and TNMP.  Additional information concerning the Company&#8217;s goodwill is contained in Note 18 of Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP requires the Company to evaluate its goodwill for impairment annually at the reporting unit level or more frequently if circumstances indicate that the goodwill may be impaired.  Application of the impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, and determination of the fair value of each reporting unit.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP provides that in certain circumstances an entity may perform a qualitative analysis to conclude that the goodwill of a reporting unit is not impaired.  Under a qualitative assessment an entity considers macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, other relevant entity-specific events affecting a reporting unit, as well as whether a sustained decrease (both absolute and relative to its peers) in share price has occurred.  An entity considers the extent to which each of the adverse events and circumstances identified could affect the comparison of a reporting unit&#8217;s fair value with its carrying amount.  An entity places more weight on the events and circumstances that most affect a reporting unit&#8217;s fair value or the carrying amount of its net assets.  An entity also considers positive and mitigating events and circumstances that may affect its determination of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  An entity evaluates, on the basis of the weight of evidence, the significance of all identified events and circumstances in the context of determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.   A quantitative analysis is not required if, after assessing the totality of events or circumstances, an entity determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In other circumstances, an entity may perform a quantitative analysis to reach the conclusion regarding impairment with respect to a reporting unit.  An entity may choose to perform a quantitative analysis without performing a qualitative analysis and may perform a qualitative analysis for certain reporting units, but a quantitative analysis for others.  The first step of the quantitative impairment test requires an entity to compare the fair value of the reporting unit with its carrying value, including goodwill.  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, GAAP currently requires the entity to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise would require the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;82</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Unaudited)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  As further discussed under New Accounting Pronouncements in Note 1, a new accounting pronouncement changes how a goodwill impairment is determined by eliminating the second step of the quantitative impairment analysis.    </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For its annual evaluations performed as of April 1, 2016, PNMR performed quantitative analyses for both the PNM and TNMP reporting units.  For the quantitative analyses, a discounted cash flow methodology was primarily used to estimate the fair value of the reporting unit.  This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of long-term growth rates for the business, and determination of appropriate weighted average cost of capital for each reporting unit.  Changes in these estimates and assumptions could materially affect the determination of fair value and the conclusion of impairment.  The April 1, 2016 quantitative evaluations indicated the fair value of the PNM reporting unit, which has goodwill of </font><font style="font-family:inherit;font-size:10pt;">$51.6 million</font><font style="font-family:inherit;font-size:10pt;">, exceeded its carrying value by approximately </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;">.  The April 1, 2016 quantitative evaluation indicated the fair value of the TNMP reporting unit, which has goodwill of </font><font style="font-family:inherit;font-size:10pt;">$226.7 million</font><font style="font-family:inherit;font-size:10pt;">, exceeded its carrying value by approximately </font><font style="font-family:inherit;font-size:10pt;">32%</font><font style="font-family:inherit;font-size:10pt;">.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For its annual evaluations performed as of April 1, 2017, PNMR performed qualitative analyses for both the PNM and TNMP reporting units.  The qualitative analysis was performed by considering changes in the Company&#8217;s expectations of future financial performance since the April 1, 2016 quantitative analysis.  This analysis considered Company specific events such as the potential impacts of legal and regulatory matters discussed in Note 11 and Note 12, including the estimated impacts of the proposed revised stipulation in PNM&#8217;s NM 2016 Rate Case, the impacts of potential outcomes of the matters appealed to the NM Supreme Court under the NM 2015 Rate Case, and the impacts of changes in PNM&#8217;s resource needs based on PNM&#8217;s 2017 IRP.  This evaluation also considered changes in TNMP&#8217;s regulatory environment such as the PUCT&#8217;s proposed amendments to the interim transmission cost of service filing rule, as well as potential outcomes associated with TNMP&#8217;s general rate case filing, which the Company anticipates filing in 2018.  The qualitative analysis also considered market and macroeconomic factors including changes in anticipated growth rates, anticipated changes in the WACC, and changes in discount rates.  The Company also evaluated its stock price relative to historical performance, industry peers, and to major market indices, including an evaluation of the Company&#8217;s market capitalization relative to the carrying value of its reporting units.  Based on an evaluation of these and other factors, the Company determined it is not more likely than not that the April 1, 2017 carrying values of PNM or TNMP exceed their fair values.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As indicated above, the annual evaluations performed as of April 1, 2017 and 2016 did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;">&#32;indicate impairments of the goodwill of any of PNMR&#8217;s reporting units.  Since the April 1, 2017 annual evaluation, there have been no indications that the fair values of the reporting units with recorded goodwill have decreased below their carrying values.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;83</font></div></div><hr style="page-break-after:always"><div><a name="s04C42945F4A261ECDA0FE7FF7B5C4895"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 2. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations for PNMR is presented on a combined basis, including certain information applicable to PNM and TNMP.  The MD&amp;A for PNM and TNMP is presented as permitted by Form 10-Q General Instruction H(2).  This report uses the term &#8220;Company&#8221; when discussing matters of common applicability to PNMR, PNM, and TNMP.  A reference to a &#8220;Note&#8221; in this Item 2 refers to the accompanying Notes to Condensed Consolidated Financial Statements (Unaudited) included in Item 1, unless otherwise specified.  Certain of the tables below may not appear visually accurate due to rounding.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s1EEFEE818BB46DAA300FE7FF7B7D2753"></a></div><div style="line-height:110%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">MD&amp;A FOR PNMR</font></div><div style="line-height:110%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s6C95131AD54E92A932CBE7FF329CDB0E"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXECUTIVE SUMMARY</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Overview and Strategy</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR is a holding company with two regulated utilities serving approximately 772,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas.  PNMR&#8217;s electric utilities are PNM and TNMP.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Strategic Goals</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;PNMR is focused on achieving three key strategic goals: </font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earning authorized returns on regulated businesses</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Delivering above industry-average earnings and dividend growth</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maintaining solid investment grade credit ratings</font></div></td></tr></table><div style="line-height:100%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with these goals, PNM and TNMP are dedicated to:</font></div><div style="line-height:120%;text-align:justify;padding-left:84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maintaining strong employee safety, plant performance, and system reliability</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Delivering a superior customer experience</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demonstrating environmental stewardship in their business operations  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supporting the communities in their service territories</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Earning Authorized Returns on Regulated Businesses</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s success in accomplishing its strategic goals is highly dependent on two key factors:  fair and timely regulatory treatment for its utilities and the utilities&#8217; strong operating performance.  The Company has multiple strategies to achieve favorable regulatory treatment, all of which have as their foundation a focus on the basics: safety, operational excellence, and customer satisfaction, while engaging stakeholders to build productive relationships.  Both PNM and TNMP seek cost recovery for their investments through general rate cases and various rate riders. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair and timely rate treatment from regulators is crucial to PNM and TNMP in earning their allowed returns and critical for PNMR to achieve its strategic goals.  PNMR believes that earning allowed returns would be viewed positively by credit rating agencies and would further improve the Company&#8217;s ratings, which could lower costs to utility customers.  Also, earning allowed returns should result in increased earnings growth for PNMR.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information about rate filings is provided in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 12. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">State Regulation</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2015 Rate Case </font><font style="font-family:inherit;font-size:10pt;">&#8211; On September 28, 2016, the NMPRC issued an order that authorized PNM to implement an increase in base non-fuel rates of $61.2 million for New Mexico retail customers, effective for bills sent after September 30, 2016.  This order was on PNM&#8217;s application for a general increase in retail electric rates (the &#8220;NM 2015 Rate Case&#8221;) filed in August 2015.  PNM&#8217;s application requested an increase in base non-fuel revenues of $121.5 million based on a future test year (&#8220;FTY&#8221;) beginning October 1, 2015.  The primary drivers of the revenue deficiency were infrastructure investments and declines </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;84</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">in forecasted energy sales due to successful energy efficiency programs and other economic factors.  PNM also proposed changes to rate design to provide fairer pricing across rate classes and better align cost recovery with cost causation.</font></div><div style="line-height:120%;text-align:justify;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following public hearings, the Hearing Examiner in the case issued a recommended decision (&#8220;RD&#8221;) in August 2016 proposing an increase in non-fuel revenues of $41.3 million.  The NMPRC&#8217;s September 26, 2016 order approved many aspects of the RD, including the determination that PNM was imprudent in purchasing the 64.1 MW of previously leased capacity in PVNGS Unit 2, extending the leases for 114.6 MW of capacity of PVNGS Units 1 and 2, and installing BDT equipment on SJGS Units 1 and 4.  However, the order also made certain significant modifications to the RD.  Major components of the difference between the increase in non-fuel revenues approved in the order and PNM&#8217;s request, include:</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of 9.575%, compared to the 10.5% requested by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inclusion of the January 2016 purchase of the assets underlying three leases of capacity, totaling 64.1 MW, of PVNGS Unit 2  (Note 6) at an initial rate base value of $83.7 million, compared to PNM&#8217;s request for recovery of the fair market value purchase price of $163.3 million; and disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the 64.1 MW was being leased by PNM, which costs totaled $43.8 million when the order was issued </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of any future contributions for PVNGS decommissioning costs related to the 64.1 MW of capacity in PVNGS Unit 2 purchased in January 2016 and the 114.6 MW of  the leased capacity in PVNGS Units 1 and 2 that were extended for eight years beginning January 15, 2015 and 2016 (Note 6)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the costs associated with converting SJGS Units 1 and 4 to BDT, which is required by the NSR permit for SJGS (Note 12), but allows recovery of avoided operating and maintenance expenses of $0.3 million annually related to BDT;  PNM&#8217;s share of the costs of installing the BDT equipment was $52.3 million, $40.0 million of which PNM requested be included in rate base in the NM 2015 Rate Case </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of $4.5 million of amounts recorded as regulatory assets and deferred charges </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The order continues the renewable energy rider and approved certain aspects of PNM&#8217;s proposals regarding rate design, but did not approve certain other rate design proposals or PNM&#8217;s request for a revenue decoupling pilot program.  The order also proposed changes in the methods of recovering certain costs through PNM&#8217;s FPPAC and renewable energy rider.  The order credits retail customers with 100% of the New Mexico jurisdictional portion of revenues from &#8220;refined coal&#8221; (a third-party pre-treatment process) at SJGS.  The order approved PNM&#8217;s proposals for revised depreciation rates (with certain exceptions), the inclusion of construction work in progress in rate base, and the ratemaking treatment of the &#8220;prepaid pension asset.&#8221; </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 30, 2016, PNM filed a notice of appeal with the NM Supreme Court regarding the order in the NM 2015 Rate Case.  On October 26, 2016, PNM filed a statement of issues related to its appeal with the NM Supreme Court, which stated PNM is appealing the NMPRC&#8217;s determination that PNM was imprudent in the actions taken to purchase the previously leased 64.1 MW of capacity in PVNGS Unit 2, extending the leases for 114.6 MW of capacity of PVNGS Units 1 and 2, and installing BDT equipment on SJGS Units 1 and 4.  Specifically, PNM&#8217;s statement indicated it is appealing the following elements of the NMPRC&#8217;s order:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the full fair market value purchase price of the 64.1 MW of capacity in PVNGS Unit 2 purchased in January 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the 64.1 MW of capacity was leased by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of future contributions for PVNGS decommissioning attributable to 64.1 MW of purchased capacity and the 114.6 MW of capacity under the extended leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the costs of converting SJGS Units 1 and 4 to BDT</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEE, NMIEC, and ABCWUA filed notices of cross appeal to PNM&#8217;s appeal.  The issues that are being appealed by the various cross-appellants are:</font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs of the lease extensions for the 114.6 MW of PVNGS Units 1 and 2 and any of the purchase price for the 64.1 MW in PVNGS Unit 2</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs incurred under the new coal supply contract for Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revised method to collect PNM&#8217;s fuel and purchased power costs under the FPPAC </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final rate design </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to include the &#8220;prepaid pension asset&#8221; in rate base</font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;85</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEE subsequently filed a motion for a partial stay of the order at the NM Supreme Court, which was denied.  The NM Supreme Court stated that the court&#8217;s intent was to request that PNM reimburse ratepayers for any amount overcharged should the cross-appellants prevail on the merits.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 17, 2017, PNM filed its Brief in Chief, and pursuant to the court&#8217;s rules, the briefing schedule was completed on July 21, 2017.  Oral argument at the NM Supreme Court is scheduled for October 30, 2017.  Although appeals of regulatory actions of the NMPRC have a priority at the NM Supreme Court under New Mexico law, there is no required time frame for the court to act on the appeals.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM evaluated the accounting consequences of the order in the NM 2015 Rate Case and the likelihood of being successful on the issues it is appealing in the NM Supreme Court as required under GAAP.  The evaluation indicates it is reasonably possible that PNM will be successful on the issues it is appealing.  If the NM Supreme Court rules in PNM&#8217;s favor on some or all of the issues, those issues would be remanded back to the NMPRC for further action.  PNM continues to estimate that it will take a minimum of 15 months, from the date PNM filed its appeal, for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues.  During such time, the rates specified in the order will remain in effect.  Accordingly, at September 30, 2016, PNM recorded a pre-tax regulatory disallowance of $11.3 million, representing 15 months of capital cost recovery on its investments that the order disallowed, as well as amounts recorded as regulatory assets and deferred charges that the order disallowed and which PNM did not challenge in its appeal.  Additional losses will be recorded if the currently estimated 15 month time frame for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues is extended.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM continues to believe that the disallowed investments, which are the subject of PNM&#8217;s appeal, were prudently incurred and that PNM is entitled to full recovery of those investments through the ratemaking process.  PNM believes it is reasonably possible that its appeals will be successful, but cannot predict what decision the NM Supreme Court will reach or what further actions the NMPRC will take on any issues remanded to it by the court.  If PNM&#8217;s appeal is unsuccessful, PNM would record additional pre-tax losses related to any unsuccessful issues.  The September 30, 2017 book values of PNM&#8217;s investments that the order disallowed, after considering the loss recorded in 2016, were $76.9 million for the 64.1 MW of purchased capacity in PVNGS Unit 2, $39.9 million for the PVNGS Unit 2 disallowed capital improvements, and $50.0 million for the BDT equipment.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM does not believe that the likelihood of the cross-appeals being successful is probable.  However, if the NM Supreme Court were to overturn all of the issues subject to the cross-appeals and, upon remand, the NMPRC did not provide any recovery of those items, PNM would write-off all of the costs to acquire the assets previously leased under three leases aggregating 64.1 MW of PVNGS Unit 2 capacity, totaling $153.4 million at September 30, 2017 (which amount includes $76.9 million that is the subject of PNM&#8217;s appeal discussed above) after considering the loss recorded in 2016.  The impacts of not recovering costs for the lease extensions, new coal supply contract for Four Corners, and &#8220;prepaid pension asset&#8221; in rate base would be recognized in future periods reflecting that rates charged to customers would not recover those costs as they are incurred.  The outcomes of the cross-appeals regarding the FPPAC and rate design should not have financial impact to PNM.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2016 Rate Case </font><font style="font-family:inherit;font-size:10pt;">&#8211; On December 7, 2016, PNM filed an application with the NMPRC for a general increase in retail electric rates (the &#8220;NM 2016 Rate Case&#8221;).  PNM did not include any of the costs disallowed in the NM 2015 Rate Case that are at issue in its pending appeal to the NM Supreme Court.  Key aspects of PNM&#8217;s request in the NM 2016 Rate Case are:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An increase in base non-fuel revenues of $99.2 million</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on a FTY beginning January 1, 2018 (the NMPRC&#8217;s rules specify that a FTY is a 12 month period beginning up to 13 months after the filing of a rate case application)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ROE of 10.125%</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Drivers of revenue deficiency</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Implementation of the modifications in PNM&#8217;s resource portfolio, which were previously approved by the NMPRC as part of the SJGS regional haze compliance plan (see below and Note 11)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Infrastructure investments, including environmental upgrades at Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Declines in forecasted energy sales due to successful energy efficiency programs and other economic factors</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Updates in the FERC/retail jurisdictional allocations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proposed changes to rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased customer and demand charges</font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;86</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A &#8220;lost contribution to fixed cost&#8221; mechanism applicable to residential and small commercial customers to address the regulatory disincentive associated with PNM&#8217;s energy efficiency programs</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC scheduled a public hearing to begin on June 5, 2017 and ordered that a settlement conference should be held.  After settlement discussions were held, PNM and representatives of several intervenors reached an agreement on the parameters for a settlement in this proceeding.  In May 2017, PNM and thirteen intervenors (the &#8220;Signatories&#8221;) entered into a comprehensive stipulation.  On May 12, 2017, the Hearing Examiners issued an order rejecting the stipulation in its current form and allowing the Signatories to revise the stipulation.  On May 23, 2017, the Signatories filed a revised stipulation that addressed the issues raised by the Hearing Examiners in their order.  NEE is the sole party opposing the revised stipulation.  The terms of the revised stipulation include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A revenue increase totaling $62.3 million, with an initial increase of $32.3 million beginning January 1, 2018 and the remaining increase beginning January 1, 2019</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of 9.575%</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Full recovery of the investment in SCRs at Four Corners with a debt-only return</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement not to seek to adjust non-fuel base rate changes to be effective prior to January 1, 2020</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement to adjust the January 2019 increase for certain changes in federal corporate tax laws </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Returning to customers over a three-year period the benefit of the reduction in the New Mexico corporate income tax rate to the extent attributable to PNM&#8217;s retail operations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will withdraw its proposal for a &#8220;lost contribution to fixed cost&#8221; mechanism with the issue to be addressed in a future docket</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 24, 2017, the NMPRC issued an order, which resulted in the tolling of the statutory suspension period for two months and extending the suspension of the rate increase until January 6, 2018.  The NMPRC can further extend the suspension period for an additional two months.  A public hearing on the revised stipulation was held in August 2017.  The revised stipulation requires the approval of the NMPRC in order to take effect.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If the NMPRC approves the revised stipulation as filed, GAAP would require PNM to recognize a loss to reflect that PNM would not earn an equity return on its investments in SCRs at Four Corners.  The loss would be recorded as a regulatory disallowance as of the date of NMPRC approval.  Such amount would depend on the final costs of the SCRs and other factors and assumptions at the date of NMPRC approval.  Based on the revised stipulation and PNM&#8217;s current assumptions, PNM estimates the regulatory disallowance would be approximately $21 million.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advanced Metering </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In September 2011, TNMP began its deployment of advanced meters for homes and businesses across its service area.  TNMP completed its mass deployment in 2016 and has installed more than 242,000 advanced meters.  As part of the State of Texas&#8217; long-term initiative to create an advanced electric grid, installation of advanced meters will ultimately give consumers more data about their energy consumption and help them make more informed decisions.  In addition, TNMP recently completed installation of a new outage management system that will leverage capabilities of the advanced metering infrastructure to enhance TNMP&#8217;s responsiveness to outages.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 26, 2016, PNM filed an application with the NMPRC requesting approval of a project to replace its existing customer metering equipment with Advanced Metering Infrastructure (&#8220;AMI&#8221;).  The application also asks the NMPRC to authorize the recovery, in future ratemaking proceedings, of the cost of the project, currently estimated to be $95.1 million, as well as to approve the recovery of the remaining undepreciated investment in existing metering equipment estimated to be approximately $33 million and the costs of customer education and severance for any affected employees.  Hearings on the AMI application concluded in March 2017.  During the March 2017 hearing, it was disclosed that the proposed meter contractor may not have complied with certain New Mexico contractor licensing requirements.  PNM subsequently filed testimony regarding that matter as ordered by the Hearing Examiner and requested a new procedural schedule to allow it to issue a new RFP for contracting work related to the meter installation and to update its cost-benefit analysis.   An additional hearing was held on October 25-26, 2017.  PNM does not intend to proceed with the AMI project unless the NMPRC approves the entire application.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">PVNGS Unit 3 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Currently, PNM&#8217;s 134 MW interest in PVNGS Unit 3 is excluded from NMPRC jurisdictional rates.  The power generated from that interest is sold into the wholesale market and any earnings or losses are realized by shareholders.  As part of compliance with the requirements for BART at SJGS discussed below, the NMPRC approved including PVNGS Unit 3 as a jurisdictional resource in the determination of rates charged to customers in New Mexico beginning in 2018.  PVNGS Unit 3 is </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;87</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">included as a jurisdictional resource in PNM&#8217;s NM 2016 Rate Case.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate Riders and Interim Rate Relief </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">The PUCT has approved mechanisms that allow TNMP to recover capital invested in transmission and distribution projects without having to file a general rate case.  This permits more timely recovery of investments.  The PUCT has also approved riders that allow TNMP to recover amounts related to AMS, energy efficiency, third-party transmission costs, and the CTC.  The NMPRC has approved PNM recovering fuel costs through the FPPAC, as well as rate riders for renewable energy and energy efficiency that allow for more timely recovery of investments and improve PNM&#8217;s ability to earn its authorized return.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">TNMP General Rate Case </font><font style="font-family:inherit;font-size:10pt;">&#8211; TNMP&#8217;s last general rate case was filed in 2010 with new rates becoming effective on February 1, 2011.  In connection with TNMP&#8217;s deployment of its AMS, TNMP has committed to file a general rate case no later than September 1, 2018.  TNMP currently anticipates filing its general rate case in May 2018 using a 2017 calendar year test period.&#160; New rates are anticipated to become effective during January 2019.&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">FERC Regulation</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rates PNM charges for transmission customers and wholesale generation services customers are subject to traditional rate regulation by FERC.  For a number of years, PNM allocated a portion of its generation assets to serve FERC wholesale generation services customers.  The low natural gas price environment resulted in market prices for power being substantially lower than what PNM is able to offer wholesale generation customers under the cost of service model that FERC requires PNM to use.&#160; As a result of this change in market conditions, PNM has not been earning an adequate return on the assets required to serve wholesale generation contracts.  Consequently, PNM decided to stop pursuing wholesale generation contracts.  Currently, PNM has no full-requirements wholesale generation customers. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Navopache Electric Cooperative, Inc. </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">PNM had a PSA, which contained an expiration date in 2035, to supply power to NEC that was approved by FERC in April 2013.  On April 8, 2015, NEC filed a petition for a declaratory order requesting that FERC find that NEC could purchase an unlimited amount of power and energy from third party supplier(s) under the PSA.  PNM intervened, requesting that FERC deny NEC&#8217;s petition.  On July 16, 2015, FERC set the matter for a public hearing concerning the parties&#8217; intent with regard to certain provisions of the PSA and held the hearing in abeyance to provide time for settlement judge procedures. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 29, 2015, PNM and NEC entered into, and filed with FERC, a settlement agreement, which FERC approved in January 2016.  Under the agreement, PNM served all of NEC&#8217;s load through December 31, 2015 at rates that were substantially consistent with those provided under the PSA.  In 2016, PNM served all of NEC&#8217;s load at reduced demand and energy rates from those under the PSA.  The PSA terminated on December 31, 2016.  In 2017, PNM is serving 10 MW of NEC&#8217;s load under a short-term coordination tariff at a rate lower than provided under the PSA, but higher than prices available under short-term market rates at the time of the settlement.  For the nine months ended September 30, 2017 and 2016, amounts billed to NEC were $3.3 million and $14.8 million.  Although the settlement agreement will negatively impact results of operations in 2017, PNM expects to be able to mitigate these impacts through market sales of power that would have been sold to NEC, reductions in fuel and transmission expenses, and other measures.  PNM&#8217;s NM 2016 Rate Case discussed above proposes a reallocation of costs among regulatory jurisdictions reflecting the termination of the contract to serve NEC.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Delivering Above Industry-Average Earnings and Dividend Growth </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s strategic goal to deliver above industry-average earnings and dividend growth enables investors to realize the value of their investment in the Company&#8217;s business.  PNMR&#8217;s current target is 7% to 8% earnings growth for the period 2015 through 2019.  Earnings growth is based on ongoing earnings, which is a non-GAAP financial measure that excludes from GAAP earnings certain non-recurring, infrequent, and other items that are not indicative of fundamental changes in the earnings capacity of the Company&#8217;s operations.  PNMR uses ongoing earnings to evaluate the operations of the Company and to establish goals, including those used for certain aspects of incentive compensation, for management and employees. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR targets a dividend payout ratio of 50% to 60% of its ongoing earnings.  PNMR expects to provide above industry-average dividend growth in the near-term and to manage the payout ratio to meet its long-term target.  The Board will continue to evaluate the dividend on an annual basis, considering sustainability and growth, capital planning, and industry standards.  The Board approved the following increases in the indicated annual common stock dividend:</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;88</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:41.2109375%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:48%;"></td><td style="width:5%;"></td><td style="width:46%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Approval Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Percent Increase</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">February 2012</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">February 2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td><td style="vertical-align:bottom;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 2013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;padding-right:60px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Maintaining Solid Investment Grade Credit Ratings</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is committed to maintaining solid investment grade credit ratings in order to reduce the cost of debt financing and to help ensure access to credit markets, when required.  See the subheading Liquidity included in the full discussion of Liquidity and Capital Resources below for the specific credit ratings for PNMR, PNM, and TNMP.  Currently, all of the credit ratings issued by both Moody&#8217;s and S&amp;P on the Company&#8217;s debt are investment grade.  S&amp;P has PNMR, PNM, and TNMP on a stable outlook.  In June 2017, Moody&#8217;s changed the outlook for PNMR and PNM from stable to positive while maintaining a stable outlook for TNMP.</font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Business Focus</font></div><div style="line-height:110%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR strives to create enduring value for customers, communities, and shareholders.  PNMR&#8217;s strategy and decision-making are focused on safely providing reliable, affordable, and environmentally responsible power.  The Company works closely with customers, stakeholders, legislators, and regulators to ensure that resource plans and infrastructure investments benefit from robust public dialogue and balance the diverse needs of our communities.  Equally important is the focus of PNMR&#8217;s utilities on customer satisfaction and community engagement.</font></div><div style="line-height:105%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reliable and Affordable Power</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR and its utilities are aware of the important roles they play in enhancing economic vitality in their service territories.  Management believes that maintaining strong and modern electric infrastructure is critical to ensuring reliability and supporting economic growth.  When contemplating expanding or relocating their operations, businesses consider energy affordability and reliability to be important factors.  PNM and TNMP strive to balance service affordability with infrastructure investment to maintain a high level of electric reliability and to deliver a superior customer experience. Investing in PNM&#8217;s and TNMP&#8217;s infrastructure is critical to ensuring reliability and meeting future energy needs.  Both utilities have long-established records of providing customers with reliable electric service. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Utility Plant Investments</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the 2014 to 2016 period, PNM and TNMP together invested $1,541.4 million in utility plant, including substations, power plants, nuclear fuel, and transmission and distribution systems.  PNM completed the 40 MW natural gas-fired La Luz peaking generating station located near Belen, New Mexico in December 2015.  PNM also completed installation of SNCR and BDT equipment on SJGS Units 1 and 4 in early 2016 and the addition of 40 MW of PNM-owned solar PV facilities in 2015.  In addition, on January 15, 2016, PNM completed the $163.3 million acquisition of 64.1 MW of capacity in PVNGS Unit 2 that had previously been leased to PNM. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Integrated Resource Plan </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMPRC rules require that investor-owned utilities file an IRP every </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;">&#32;years.  The IRP is required to cover a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20</font><font style="font-family:inherit;font-size:10pt;">-year planning period and contain an action plan covering the first four years of that period.  PNM filed its 2014 IRP on July 1, 2014.  The four-year action plan was consistent with the replacement resources identified in PNM&#8217;s application to retire SJGS Units 2 and 3.  PNM indicated that it planned to meet its anticipated energy demand with a combination of additional renewable energy resources, energy efficiency, and natural gas-fired facilities. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2017 IRP on July 3, 2017.  Under the NMPRC&#8217;s order concerning SJGS&#8217; compliance with the BART requirements of the CAA discussed in Note 11, PNM is required to make a filing in 2018 to determine the extent to which SJGS should continue serving PNM&#8217;s retail customers&#8217; needs after June 30, 2022.  The 2017 IRP analyzed several scenarios utilizing as</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;89</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">sumptions that PNM continues service from its SJGS capacity beyond mid-2022 and that PNM retires its capacity after mid-2022.  Key findings of the 2017 IRP include:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retiring PNM&#8217;s share of SJGS in 2022 after the expiration of the current operating and coal supply agreements would provide long-term cost savings for PNM&#8217;s customers</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM exiting its ownership interest in Four Corners after its current coal supply agreement expires in 2031 would also provide long-term cost savings for customers </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The best mix of new resources to replace the retired coal generation would include solar energy and flexible natural gas-fired peaking capacity; the mix could include energy storage if the economics support it and wind energy provided additional transmission capacity becomes available </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant increases in future wind energy supplies will likely require new transmission capacity to be built from eastern New Mexico to PNM&#8217;s service territory</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should retain the currently leased capacity in PVNGS, which would avoid replacement with carbon-emitting generation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should continue to develop and implement energy efficiency and demand management programs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should assess the costs and benefits of participating in the California Energy Imbalance Market</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should analyze its current Reeves Generating Station to consider possible technology improvements to phase out the older generators and replace them with new, more flexible supplies or energy storage </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Several parties have filed protests to the 2017 IRP.  The issues addressed in the protest include PNM&#8217;s future interest in SJGS, Four Corners, and PVNGS and the timing of future procurement of renewable resources.  The 2017 IRP is not a final determination of PNM&#8217;s future generation portfolio.  Retiring PNM&#8217;s share of SJGS capacity and exiting Four Corners would require NMPRC approval of abandonment filings, which PNM would make at appropriate times in the future.  Likewise, NMPRC approval of new generation resources through CCN filings would be required.  PNM cannot predict the ultimate outcome of the 2017 IRP process or whether the NMPRC will approve subsequent filings that would encompass actions to implement the conclusions of the 2017 IRP.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Environmentally Responsible Power </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has a long-standing record of environmental stewardship.  PNM&#8217;s environmental focus has been in three key areas:</font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Developing strategies to meet regional haze rules at the coal-fired SJGS as cost-effectively as possible while providing broad environmental benefits that also demonstrate progress in addressing CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions from existing power plants</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparing to meet New Mexico&#8217;s increasing renewable energy requirements as cost-effectively as possible</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increasing energy efficiency participation</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Regional Haze Rule Compliance Plan </font><font style="font-family:inherit;font-size:10pt;">&#8211; In December 2015, PNM received NMPRC approval for the plan to comply with the EPA regional haze rule at SJGS that minimizes the cost impact to customers while still achieving broad environmental benefits.  Under the approved plan, the installation of SNCRs on SJGS Units 1 and 4 was completed in early 2016 and Units 2 and 3 will be retired by the end of 2017.  The plan provides for similar visibility improvements, but at a lower cost to PNM customers than a previous EPA ruling that would have required the installation of more expensive SCRs on all four units at SJGS.  The plan has the added advantage of reducing other emissions in addition to NOx, including SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, particulate matter, CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, and mercury, as well as reducing water usage.  Additional information is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 11.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the key provisions of the order approving the compliance plan, PNM:</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Will retire SJGS Units 2 and 3 (PNM&#8217;s current ownership interest totals 418 MW) by December 31, 2017 and recover, over 20 years, 50% (currently estimated to be approximately $128.6 million) of their undepreciated net book value at that date and earn a regulated return on those costs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Is granted a CCN to acquire an additional 132 MW in SJGS Unit 4, with an initial book value of zero, plus SNCR costs and whatever portion of BDT costs the NMPRC determines to be reasonable and prudent to be allowed for recovery in rates  (see New Mexico Rate Cases above and Note 12)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Is granted a CCN for 134 MW of PVNGS Unit 3 with an initial rate base value equal to the book value as of December 31, 2017 (currently estimated to be approximately $155 million)</font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;90</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Is authorized to acquire 65 MW of SJGS Unit 4 as merchant utility plant, which will not be included in rates charged to retail customers</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Will accelerate recovery of SNCR costs on SJGS Units 1 and 4 so that the costs are fully recovered by July 1, 2022 </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Is required to make a NMPRC filing in 2018 to determine the extent that SJGS should continue serving PNM&#8217;s customers&#8217; needs after mid-2022 </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Will acquire and retire one MWh of RECs that include a zero-CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emission attribute beginning January 1, 2020 for every MWh produced by 197 MW of coal-fired generation from PNM&#8217;s ownership share of SJGS (the cost of these RECs would be capped at $7.0 million per year and recovered in rates)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Will not recover approximately $20 million of increased operations and maintenance expenses and other costs incurred in connection with CAA compliance</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2015, PNM recorded pre-tax losses aggregating $165.7 million to reflect the write-off of the 50% of the estimated December 31, 2017 net book value of SJGS Units 2 and 3 that will not be recovered, the other unrecoverable costs, and the increase in the estimated liability recorded for coal mine reclamation resulting from the new coal mine reclamation arrangement entered into in conjunction with the new coal supply agreement (&#8220;CSA&#8221;).  In 2016, PNM recorded additional pre-tax losses of $3.7 million resulting from revised estimates of these items.  Additional information about the CSA is discussed below and in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 11.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 14, 2016, NEE filed a Notice of Appeal with the NM Supreme Court of the NMPRC&#8217;s December 2015 order.  The NM Supreme Court has taken no action on the appeal and there is no required time frame for the court to act on the appeals.  On March 31, 2016, NEE filed a complaint against PNM with the NMPRC regarding the financing provided by NM Capital to facilitate the sale of SJCC.  The complaint alleges that PNM failed to comply with its discovery obligation in the SJGS abandonment case and requests the NMPRC investigate whether the financing transactions could adversely affect PNM&#8217;s ability to provide electric service to its retail customers.  PNM responded to the complaint on May 4, 2016.  The NMPRC has taken no action on this matter. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS Ownership Restructuring </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In connection with the proposed retirement of SJGS Units 2 and 3, some of the SJGS participants expressed a desire to exit their ownership in the plant.  As a result, the SJGS participants negotiated a restructuring of the ownership in SJGS and addressed the obligations of the exiting participants for plant decommissioning, mine reclamation, environmental matters, and certain future operating costs, among other items.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The San Juan Project Restructuring Agreement (&#8220;RA&#8221;) sets forth the agreement among the SJGS owners regarding ownership restructuring.  Key provisions of the RA include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capacity acquisition &#8211; On December 31, 2017, PNM will acquire 132 MW of the exiting owners&#8217; capacity in SJGS Unit 4 and PNMR Development agreed to acquire 65 MW of such capacity.  PNMR Development has assigned the rights and obligations related to the 65 MW to PNM effective on December 31, 2017, which will facilitate dispatch of power from that capacity.  As ordered by the NMPRC, PNM will treat the 65 MW as merchant utility plant that will be excluded from retail rates.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from 36 MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022.   </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal inventory &#8211; The RA also sets forth the terms under which PNM acquired the coal inventory of the exiting SJGS participants as of January 1, 2016 and is providing coal supply to the exiting participants during the period from January 1, 2016 through December 31, 2017, which arrangement provides economic benefits that are being passed on to PNM&#8217;s customers through the FPPAC. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal supply &#8211; The RA became effective contemporaneously with the effectiveness of the new CSA for SJGS.  The effectiveness of the new CSA was dependent on the closing of the purchase of the existing coal mine operation by a new mine operator, which occurred on January 31, 2016.  In support of the closing of the mine purchase and to facilitate PNM customer savings, NM Capital, a wholly-owned subsidiary of PNMR, provided funding of $125.0 million to Westmoreland San Juan, LLC (&#8220;WSJ&#8221;), a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland Coal Company to finance the purchase price.  NM Capital was able to provide the $125.0 million financing to WSJ by first entering into a $125.0 million term loan agreement with a commercial bank.  PNMR guarantees NM Capital&#8217;s obligations to the bank.  The Westmoreland Loan matures on February 1, 2021 and had an initial interest rate of 7.25% plus LIBOR, which escalates over time.  Such rate is 9.25% plus LIBOR for the period from February 1, 2017 through January 31, 2018.  WSJ must pay principal and interest quarterly to NM Capital in accordance with an amortization schedule.  As of October 20, 2017, the balance of the Westmoreland Loan was $66.2 million.  The next principal payment </font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;91</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-left:48px;text-align:justify;"><font style="font-family:inherit;font-size:10pt;">of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;">&#32;plus interest of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">&#32;is due on November 1, 2017.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was held in a SJCC restricted bank account that is to be used solely to service the Westmoreland Loan.  </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal mine reclamation &#8211; Under the terms of the CSA, PNM and the other SJGS owners are obligated to compensate SJCC for all reclamation costs associated with the supply of coal from the San Juan mine.  In connection with certain mining permits relating to the operation of the San Juan mine, SJCC is required to post reclamation bonds, which currently aggregate $118.7 million, with the NMMMD.  PNMR has arrangements under which a bank has issued $30.3 million in letters of credit to facilitate posting of the required reclamation bonds.  See Note 11. </font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other SJGS Environmental Matters </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In addition to the regional haze rule, SJGS is required to comply with other rules currently being developed or implemented that affect coal-fired generating units, including rules regarding GHG under Section 111(d) of the CAA.  Implementation of the Clean Power Plan, which was published by EPA in October 2015, is currently stayed by order of the US Supreme Court pending further proceedings before the DC Circuit.  Oral argument was heard by the DC Circuit in September 2016, but the court has taken no action.  On March 28, 2017, President Trump issued an Executive Order on Energy Independence.&#160; The order sets out two general policies: promote clean and safe development of energy resources, while avoiding regulatory burdens, and ensure electricity is affordable, reliable, safe, secure, and clean.&#160; The order rescinds various actions undertaken by the previous administration and directs the EPA Administrator to review and if appropriate suspend, revise, or rescind the Clean Power Plan, as well as other environmental regulations.  On October 10, 2017, EPA issued a proposal to repeal the Clean Power Plan.  The proposal would change the legal interpretation to conclude that the Clean Power Plan exceeds EPA&#8217;s statutory authority.  A 60-day public comment period will follow publication of the proposed rule in the Federal Register and any final rule will be subject to legal challenge and judicial review.  EPA also noted that it is still evaluating whether to adopt a replacement rule to regulate GHG from existing electric utility generating units.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM estimates that implementation of the BART plan at SJGS, as well as potentially exiting ownership in the remaining units at SJGS and Four Corners, which are discussed above, should provide significant steps for New Mexico to meet its ultimate compliance with Section 111(d).  PNM is unable to predict the impact of this rule on its fossil-fueled generation.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of environmental upgrades completed in 2009, SJGS is well positioned to outperform the mercury limit imposed by EPA in the 2011 Mercury and Air Toxics Standards.  Major environmental upgrades on each of the four units at SJGS have significantly reduced emissions of NOx, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, particulate matter, and mercury.  Since 2006, SJGS has reduced NOx emissions by 46%, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;by 78%, particulate matter by 75%, and mercury by 98%.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Water Conservation and Solid Waste Reduction</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM continues its efforts to reduce the amount of fresh water used to make electricity (about 20% more efficient than in 2007).  Continued growth in PNM&#8217;s fleet of solar and wind energy sources, energy efficiency programs, and innovative uses of gray water and air-cooling technology have contributed to this reduction.  Water usage will continue to decline as PNM substitutes less fresh-water-intensive generation resources to replace SJGS Units 2 and 3 starting in 2018, when water consumption at that plant will be reduced by around 50%.  Focusing on responsible stewardship of New Mexico&#8217;s scarce water resources improves PNM&#8217;s water-resilience in the face of persistent drought and ever-increasing demands for water to spur the growth of New Mexico&#8217;s economy.  In addition to the above areas of focus, the Company is working to reduce the amount of solid waste going to landfills through increased recycling and reduction of waste.  In 2016, 19 of the Company&#8217;s 23 facilities met the solid waste diversion goal of a 60% diversion rate, while recycling at least the same number of waste streams as 2015.  The Company expects to continue to do well in this area in the future.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Renewable Energy</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s renewable procurement strategy includes utility-owned solar capacity, as well as wind and geothermal energy purchased under PPAs.  As of December 31, 2016, PNM had 107 MW of utility-owned solar capacity.  As discussed in Note 12, PNMR Development will construct and own 30 MW of new solar capacity that PNM will use to supply power to a new data center being constructed in PNM&#8217;s service territory by Facebook Inc.  In addition, PNM purchases power from a customer-owned distributed solar generation program that had an installed capacity of 81.6 MW at September 30, 2017.  PNM also owns the 500 KW PNM Prosperity Energy Storage Project, which uses advanced batteries to store solar power and dispatch the energy either during high-use periods or when solar production is limited.  The project was one of the first combinations of battery storage and PV energy in the nation and involved extensive research and development of advanced grid concepts.  The facility also was the nation&#8217;s first solar storage facility fully integrated into a utility&#8217;s power grid.  Since 2003, PNM has purchased the output from New Mexico Wind, a 204 MW wind facility, and began purchasing the output of Red Mesa Wind, an existing 102 MW wind energy center, on January 1, 2015.  PNM has a 20-year agreement to purchase energy from the Lightning Dock Geothermal facility built near Lordsburg, New Mexico.  The geothermal facility, which has a current capacity of 4 MW, began providing power to PN</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;92</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">M in January 2014.  PNM also purchases RECs as necessary to meet the RPS.  </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of these renewable resources are key means for PNM to meet the RPS and related regulations that require PNM to achieve prescribed levels of energy sales from renewable sources, if that can be accomplished without exceeding the RCT limit set by the NMPRC.  PNM makes renewable procurements consistent with the plans approved by the NMPRC.  PNM&#8217;s 2017 renewable energy procurement plan meets RPS and diversity requirements for 2017 and 2018 using existing resources and does not propose any significant new procurements.  The NMPRC approved the plan on November 23, 2016.  On June 1, 2017, PNM filed its 2018 renewable energy procurement plan.  PNM is requesting approval to procure an additional 80 GWh in 2019 and 105 GWh in 2020 from a re-powering of New Mexico Wind; approval to procure an additional 55 GWh in 2019 and 77 GWh in 2020 from a re-powering of Lightning Dock Geothermal; approval to procure 50 MW of new solar facilities to be constructed beginning in 2018; continuation of customer REC purchase programs; and other purchases of RECs to ensure annual compliance with the RPS.  A hearing on the plan was held in September 2017.  On October 17, 2017, the Hearing Examiner issued a recommended decision that PNM&#8217;s 2018 renewable energy procurement plan be approved by the NMPRC, except for the re-powering of Lightning Dock Geothermal and PNM&#8217;s request to procure 50 MW of new solar facilities.   The Hearing Examiner recommended that the PPA for the output of energy from Lightning Dock Geothermal be terminated effective January 1, 2018.  The Hearing Examiner also recommended that the 50 MW solar projects not be approved and that PNM be required to issue another all-renewables RFP within 10 days of the issuance of a final order allowing developers to utilize PNM-owned sites to construct facilities, the output from which facilities would be sold to PNM through PPAs.  PNM strongly disagrees with the Hearing Examiner&#8217;s recommendations and believes they are unlawful and against the weight of evidence.  Exceptions to the recommended decision are due on October 27, 2017.  PNM will file its exceptions timely and will vigorously contest the Hearing Examiner&#8217;s proposals regarding Lightning Dock Geothermal and the requirement that PNM allow developers to construct renewable facilities on PNM-owned sites.  PNM cannot predict the outcome of this matter.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will continue to procure renewable resources while balancing the impact to customers&#8217; electricity costs in order to meet New Mexico&#8217;s escalating RPS requirements. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Energy efficiency also plays a significant role in helping to keep customers&#8217; electricity costs low while meeting their energy needs.  PNM&#8217;s and TNMP&#8217;s energy efficiency and load management portfolios continue to achieve robust results.  In 2016, annual energy saved as a result of PNM&#8217;s portfolio of energy efficiency programs was approximately 82 GWh.  This is equivalent to the annual consumption of approximately 11,000 homes in PNM&#8217;s service territory.  PNM&#8217;s load management and annual energy efficiency programs also help lower peak demand requirements.  TNMP&#8217;s energy efficiency programs in 2016 resulted in energy savings totaling an estimated 22 GWh.  This is equivalent to the annual consumption of approximately 2,250 homes in TNMP&#8217;s service territory.  In April 2016 and again in April 2017, TNMP was recognized by Energy Star for TNMP&#8217;s successful energy efficiency efforts.  TNMP received the &#8220;Partner of the Year Energy Efficiency Delivery Award&#8221; for its High-Performance Homes Program.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer, Stakeholder, and Community Engagement </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company strives to deliver a superior customer experience.  Through outreach, collaboration, and various community-oriented programs, the Company has a demonstrated commitment to build productive relationships with stakeholders, including customers, regulators, intervenors, legislators, and shareholders.  Beginning in 2013, PNM refocused its efforts to improve the customer experience through customer service improvements, including billing and payment options, strategic customer engagement, and improved communications.  These efforts are supported by market research to understand the varying needs of customers, identifying and establishing valued services and programs, and proactively communicating and engaging with customers at regional and community levels.  PNM&#8217;s focus on the customer experience has resulted in increasing scores in the JD Power Electric Utility Residential Customer Satisfaction Study.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has leveraged a number of communications channels and strategic content to better serve and engage its many stakeholders.  PNM&#8217;s website, </font><font style="font-family:inherit;font-size:10pt;color:#0000ff;text-decoration:underline;">www.pnm.com</font><font style="font-family:inherit;font-size:10pt;">, provides the details of major regulatory filings, including general rate requests, as well as the background on PNM&#8217;s efforts to maintain reliability, keep prices affordable, and protect the environment.  The website is designed to be a resource for the facts about PNM&#8217;s operations and community support efforts, including plans for building a sustainable energy future for New Mexico.  In September 2016, PNMR launched a dedicated sustainability portal on its corporate website </font><font style="font-family:inherit;font-size:10pt;color:#0000ff;text-decoration:underline;">www.pnmresources.com</font><font style="font-family:inherit;font-size:10pt;color:#0000ff;">&#32;</font><font style="font-family:inherit;font-size:10pt;">to provide additional information regarding the Company&#8217;s environmental and other sustainability efforts.  The site provides the key sustainability information related to the operations of PNM and TNMP.  The information is presented under four main headings: Environment, Social, Economic, and Governance. </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;93</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With reliability being the primary role of a transmission and distribution service provider in Texas' deregulated market, TNMP continues to focus on keeping end-users updated about interruptions and to encourage customer preparation when severe weather is forecasted. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Local relationships and one-on-one communications remain two of the most valuable ways both PNM and TNMP connect with their stakeholders.  Both companies maintain long-standing relationships with governmental representatives and key customers to ensure that these stakeholders are updated on company investments and initiatives.  Key stakeholders also have dedicated Company contacts that support their important service needs.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has a long tradition of supporting the communities it serves in New Mexico and Texas.  Through the PNM Resources Foundation, corporate giving, and widespread employee volunteerism, as well as PNM&#8217;s low income program, the Company demonstrates its core value of caring.  In addition to the extensive engagement both PNM and TNMP have with nonprofits organizations in their communities, the PNM Resources Foundation provides more than $1 million each year across New Mexico and Texas.  These grants help nonprofits collaborate more efficiently, become more energy efficient, and support community projects such as providing software coding camps for NM youths and funding murals in neighborhoods, as well as providing employee matching and volunteer grants.  Almost 10% of the employee matching grants provided in 2017 have been used to support hurricane relief efforts.  In addition, an &#8220;employee crisis fund&#8221; funded by the PNM Resources Foundation is currently being utilized by employees in the Texas Gulf Coast region to provide additional support to the communities that were impacted by Hurricane Harvey.  In 2017, &#8220;A New Century of Service&#8221; grants, which celebrate PNM&#8217;s 100th anniversary, will fund community projects to build a better future for local communities. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM provides support for nonprofits in New Mexico focused in the areas of economic development, education, and environmental giving.  During 2016, PNM provided $1.0 million to support these areas in communities within New Mexico.  One of PNM&#8217;s most important outreach programs is tailored for low income customers.  In 2016, PNM hosted 41 community events throughout its service territory to connect low-income customers with nonprofit community service providers offering support and help with such needs as&#160;water and gas utility bills, food, clothing, medical programs, services for seniors, and weatherization.   PNM has hosted 30 similar events in the first nine months of 2017.  Additionally, through its Good Neighbor Fund, PNM provided $0.5 million of assistance with electric bills to 3,770 families in 2016 and offered financial literacy training to further support customers. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Volunteerism is an important facet of the PNMR culture.  In 2016, more than 750 PNM and TNMP employees and retirees contributed approximately 9,000 volunteer hours serving their local communities.  Company volunteers also actively participate on nonprofit boards, in educational, economic, and environmental forums, as well as safety seminars.  PNMR employees are, in large part, responsible for the success of the Company&#8217;s customer, stakeholder, and community outreach.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Economic Factors </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">PNM </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In the three and </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM experienced decreases in weather normalized retail load of 0.9% and 0.7% compared to 2016, primarily due to decreased commercial and industrial sales, reflecting a continued sluggish economy in New Mexico.  However, economic conditions in Albuquerque appear to be stabilizing and even improving in certain areas, as evidenced by continuing upticks in the number of residential housing sales and prices.  The Albuquerque metro area is showing employment growth, but continues to be lower than the national average.  Also, some of the previously announced successful economic development efforts, such as the selection of a site within PNM&#8217;s New Mexico service territory for a data center by Facebook Inc., appear to have started their hiring process.  There also have been some expansions of existing businesses, particularly in healthcare, education, and professional services.  The economy in New Mexico continues to have mixed indicators and experience softness that is driven primarily by low oil and natural gas prices.  Although PNM does not serve the regions of the state that produce oil and gas, it is anticipated that the impacts of layoffs and the decrease in state royalty revenues will further soften the economies in PNM&#8217;s service territory, particularly in the Albuquerque metropolitan area and Santa Fe, as the state deals with budget shortfalls. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">TNMP </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, TNMP experienced an increase in volumetric weather normalized retail load of 1.7% compared to 2016 although load in the three months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;was unchanged.  Most of TNMP&#8217;s industrial and larger commercial customers are billed based on their peak demand.  Demand-based load increased 3.3% and 4.3% in the three and nine months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  The Texas economy continues to grow, primarily due to its diverse base, which helps compensate for the weakness in the energy sector, as well as offsetting some of  the impacts of Hurricane Harvey.  Because TNMP&#8217;s service territory is geographically dispersed and was largely on the edges of the storm, a smaller percentage of customers were impacted by the hurricane as compared to some other utilities.  The relocation of some national and global corporate headquarters to the Dallas-Fort Worth area has led to growth in commercial customers and also contributes to </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;94</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">growth in residential and small business customers.  TNMP continues to add new transmission customers in its West Texas service territory where oil and gas production continues to grow.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Results of Operations</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net earnings attributable to PNMR were $134.2 million, or $1.67 per diluted share in the nine months ended September 30, 2017 compared to $92.0 million, or $1.15 per diluted share, in 2016.  Among other things, earnings in the nine months ended September 30, 2017, as compared to 2016, benefited from additional revenues due to the rate increase approved in the NM 2015 Rate Case at PNM, higher revenues under FERC formula transmission rates and new transmission customers at PNM, rate increases and increased load at TNMP, lower plant maintenance costs at PNM, higher AFUDC due to higher levels of construction expenditures at PNM, excess tax benefits related to stock compensation recognized under a new accounting standard (Note 8), and PNM not having regulatory disallowances in 2017.  These increases were partially offset by decreased load at PNM, milder weather at PNM and TNMP, lower revenue from NEC at PNM, increased depreciation and property taxes due to increased plant in service at PNM and TNMP and higher depreciation rates approved in PNM&#8217;s NM 2015 Rate Case, and lower interest income on the Westmoreland Loan and from the IRS, as well as the additional income taxes on increased earnings.  Additional information on factors impacting results of operation for each segment is discussed under Results of Operations below.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liquidity and Capital Resources</font></div><div style="line-height:110%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR and PNM have revolving credit facilities that expire in October 2021.  The PNMR and PNM facilities have capacities of $300.0 million and $400.0 million through October 2020 and $290.0 million and $360.0 million from November 2020 through October 2021.  Both facilities provide for short-term borrowings and letters of credit.  In addition, PNM has a $50.0 million revolving credit facility, which expires in January 2018, with banks having a significant presence in New Mexico and TNMP has a $75.0 million revolving credit facility, which expires in September 2022.  Total availability for PNMR on a consolidated basis was </font><font style="font-family:inherit;font-size:10pt;">$635.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;at </font><font style="font-family:inherit;font-size:10pt;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">.  The Company utilizes these credit facilities and cash flows from operations to provide funds for both construction and operational expenditures.  PNMR also has intercompany loan agreements with each of its subsidiaries.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR projects that its consolidated capital requirements, consisting of construction expenditures and dividends, will total </font><font style="font-family:inherit;font-size:10pt;">$2,961.9 million</font><font style="font-family:inherit;font-size:10pt;">&#32;for 2017-2021, including amounts expended through </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  The construction expenditures include estimated amounts for environmental upgrades at Four Corners, the 30 MW of new solar capacity to supply power to a new data center being constructed by Facebook Inc., 50 MW of new solar facilities included in PNM&#8217;s 2018 renewable energy procurement plan, an anticipated expansion of PNM&#8217;s transmission system, and the initial costs of replacement resources related to the potential shutdown of SJGS Units 1 and 4 in 2022.  See Note 12.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2017, PNM entered into the $200.0 million PNM 2017 Term Loan Agreement and repaid the $175.0 million PNM 2016 Term Loan with part of the proceeds.  Also in July 2017, PNM entered into the PNM 2017 Senior Unsecured Note Agreement, under which $450.0 million of the PNM 2018 SUNs are to be issued in 2018 and the proceeds will be used to repay $450.0 million of currently outstanding Senior Unsecured Notes on their maturity dates in 2018.  After considering the effects of those financings, PNMR has consolidated maturities, mandatory remarketings, and other repayments of short-term and long-term debt aggregating $265.7 million in the period from October 1, 2017 through September 30, 2018 and $102.3 million in the remainder of 2018.  Furthermore the $50.0 million PNM New Mexico Credit Facility expires in January 2018.  In addition to internal cash generation, the Company anticipates that it will be necessary to obtain additional long-term financing in the form of debt refinancing, new debt issuances, and/or new equity in order to fund its capital requirements during the 2017-2021 period.  The Company currently believes that its internal cash generation, existing credit arrangements, and access to public and private capital markets will provide sufficient resources to meet the Company&#8217;s capital requirements.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;95</font></div></div><hr style="page-break-after:always"><div><a name="s193DAD5A430B7EEF0D36E7FF38BAC9BC"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESULTS OF OPERATIONS</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following discussion and analysis should be read in conjunction with the Condensed Consolidated Financial Statements and Notes thereto.  Trends and contingencies of a material nature are discussed to the extent known.  Refer also to Disclosure Regarding Forward Looking Statements and to Part II, Item 1A. Risk Factors.</font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of net earnings attributable to PNMR is as follows:</font></div><div style="line-height:105%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:665px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:292px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:44px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net earnings attributable to PNMR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:-15px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average diluted common and common equivalent shares</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:-15px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net earnings attributable to PNMR per diluted share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.52</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:105%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:105%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of the change in net earnings attributable to PNMR are:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:340px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:137px;"></td><td style="width:9px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:86px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate and Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:justify;padding-left:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net change</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:left;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information regarding the factors impacting PNMR&#8217;s operating results by segment are set forth below.</font></div><div style="line-height:110%;text-align:left;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment Information</font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following discussion is based on the segment methodology that PNMR&#8217;s management uses for making operating decisions and assessing performance of its various business activities.  See Note 3 for more information on PNMR&#8217;s operating segments.  </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s utility margin is defined as electric operating revenues less cost of energy, which consists primarily of fuel and purchase power costs.  PNM believes that utility margin provides a more meaningful basis for evaluating operations than electric operating revenues since substantially all fuel and purchase power costs are offset in revenues, as those costs are passed through to customers under PNM&#8217;s FPPAC. </font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;96</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the operating results for PNM:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:615px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:233px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">327.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">780.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">608.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">315.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33.2</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">210.7</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.6</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(62.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Segment earnings before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (taxes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(58.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred stock dividend requirements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment earnings</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:50%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table shows total GWh sales, including the impacts of weather, by customer class and average number of customers:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:636px;border-collapse:collapse;text-align:left;"><tr><td colspan="18"></td></tr><tr><td style="width:233px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:65px;"></td><td style="width:15px;"></td><td style="width:10px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:65px;"></td><td style="width:15px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended </font></div><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Percentage</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Percentage</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="17" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Gigawatt hours, except customers)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Residential</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">978.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">967.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,439.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,468.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commercial</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,058.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,063.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,883.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,921.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Industrial</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">223.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">640.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">658.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public authority</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">187.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Economy energy service </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">197.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">542.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">610.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Firm-requirements wholesale </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(77.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">324.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other sales for resale </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">821.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">727.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,731.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,997.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,347.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,354.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,492.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,168.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average retail customers (thousands)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">522.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">519.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">521.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">518.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr></table></div></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;padding-left:4px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;PNM purchases energy for a large customer on the customer&#8217;s behalf and delivers the energy to the customer&#8217;s location through PNM&#8217;s transmission system.  PNM charges the customer for the cost of the energy as a direct pass through to the customer with only a minor impact in utility margin resulting from providing ancillary services. </font></div><div style="line-height:100%;padding-left:4px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2) </sup></font><font style="font-family:inherit;font-size:10pt;">Decrease in 2017 reflects reduced sales to NEC (Note 12) and loss of other firm-requirements wholesale customers. </font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3) </sup></font><font style="font-family:inherit;font-size:10pt;">Increase in 2017 includes the hazard sharing agreement with Tri-State (Note 12).  Increase is also due to more power available for off-system sales, primarily related to SJGS and Four Corners, as well as power that was previously sold to NEC and other firm-requirements wholesale customers.  Substantially all of the margin from off-system sales is returned to customers through the FPPAC.</font></div><div style="line-height:100%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;97</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Three months ended September 30, 2017 compared to 2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:1px;padding-left:1px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the significant changes to utility margin:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Utility margin:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate relief</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211; Additional revenue due to rate increase approved by the NMPRC on September 28, 2016 and certain fuel costs being passed through the FPPAC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s weather normalized retail KWh sales decreased 0.9%, primarily in commercial and industrial sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Weather </font><font style="font-family:inherit;font-size:10pt;">&#8211; Warmer weather; cooling degree days were 3.7% higher </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Transmission </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher revenues under formula transmission rates and addition of new customers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Wholesale contracts </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Primarily due to NEC (Note 12)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unregulated margin </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher hedged prices for PVNGS Unit 3 power sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net unrealized economic hedges </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Primarily related to hedges of PVNGS Unit 3 power sales </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in operating expenses, depreciation and amortization, other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 regulatory disallowance due to the NMPRC&#8217;s September 28, 2016 order in PNM&#8217;s NM 2015 Rate Case (Note 12)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 regulatory disallowance due to change in estimated write-offs associated with the SJGS BART determination and ownership restructuring (Note 11)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher capitalized administrative and general expenses due to higher construction spending</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower employee related expenses and outside consulting costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher allocated corporate depreciation, primarily related to computer software</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher plant maintenance costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;98</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;padding-left:0px;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Depreciation and amortization:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher depreciation rates approved by the NMPRC in PNM&#8217;s 2015 NM Rate Case</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased utility plant in service</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher equity AFUDC, primarily due to increased levels of construction expenditures</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher gains on available-for-sale securities in the NDT and coal mine reclamation trusts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower trust expenses related to the NDT and coal mine reclamation trusts, partially offset by higher interest income </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower income from &#8220;refined coal&#8221; (a third-party pre-treatment process); income is now passed through to customers as ordered in PNM&#8217;s NM 2015 Rate Case </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower interest on $146.0 million of PCRBs refinanced in September 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower interest on $57.0 million of PCRBs refinanced in June 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower short term debt borrowings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher debt AFUDC as a result of higher construction spending</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to higher segment earnings before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 regulatory recovery of prior year impairment of state net operating loss carryforward</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease due to excess tax benefits related to stock compensation awards (Note 8)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;99</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nine months ended September 30, 2017 compared to 2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:1px;padding-left:1px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the significant changes to utility margin:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Utility margin:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate relief</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211; Additional revenue due to rate increase approved by the NMPRC on September 28, 2016 and certain fuel costs being passed through the FPPAC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s weather normalized retail KWh sales decreased 0.7%, primarily in commercial and industrial sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Weather </font><font style="font-family:inherit;font-size:10pt;">&#8211; Milder weather; heating degree days were 12.2% lower, partially offset by higher cooling degree days of 1.5%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leap Year</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211; Decrease in revenue due to additional day in 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Transmission </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher revenues under formula transmission rates and addition of new customers</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Wholesale contracts </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Primarily due to NEC (Note 12)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unregulated margin </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher hedged prices for PVNGS Unit 3 power sales</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate riders </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Includes renewable energy and energy efficiency riders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net unrealized economic hedges </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Primarily related to hedges of PVNGS Unit 3 power sales </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;100</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in operating expenses, depreciation and amortization, other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 regulatory disallowance due to the NMPRC&#8217;s September 28, 2016 order in PNM&#8217;s NM 2015 Rate Case (Note 12)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 regulatory disallowance due to change in estimated write-offs associated with the SJGS BART determination and ownership restructuring (Note 11)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower plant maintenance costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower employee related expenses and outside consulting costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower rent expense associated with PVNGS leases (Note 6)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher capitalized administrative and general expenses due to higher construction spending</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower bad debt expense, primarily related to the bankruptcy of an industrial customer in 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher allocated corporate depreciation, primarily related to computer software</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Training costs associated with new software implementation</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher property taxes due to increased utility plant in service</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher environmental expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Depreciation and amortization:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher depreciation rates approved by the NMPRC in PNM&#8217;s 2015 NM Rate Case</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased utility plant in service</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;101</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher equity AFUDC, primarily due to increased levels of construction expenditures</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher gains on available-for-sale securities in the NDT and coal mine reclamation trusts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher interest income related to the NDT and coal mine reclamation trusts, partially offset by lower trust expenses </font></div><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income from third party transmission service provider due to FERC ruling </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower income from &#8220;refined coal&#8221; (a third-party pre-treatment process); income is now passed through to customers as ordered in PNM&#8217;s NM 2015 Rate Case </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 interest income from IRS, net of related expenses (Note 13)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower interest on $146.0 million of PCRBs refinanced in September 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower interest on $57.0 million of PCRBs refinanced in June 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower short term debt borrowings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher debt AFUDC as a result of higher construction spending</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to higher segment earnings before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(27.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Regulatory recovery of prior year impairment of state net operating loss carryforward due to the NMPRC&#8217;s September 28, 2016 order in PNM&#8217;s NM 2015 Rate Case (Note 12)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impacts of phased-in reduction in New Mexico corporate income tax rates</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease due to excess tax benefits related to stock compensation awards (Note 8)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP&#8217;s utility margin is defined as electric operating revenues less cost of energy, which consists of costs charged by third-party transmission providers.  TNMP believes that utility margin provides a more meaningful basis for evaluating operations </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;102</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">than electric operating revenues since all third-party transmission costs are passed on to consumers through a transmission cost recovery factor.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the operating results for TNMP:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:614px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:232px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">257.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29.5</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.4</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.7</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.4</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment earnings before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (taxes)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment earnings</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:105%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;103</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:105%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table shows total sales, including the impacts of weather, by retail tariff consumer class and average number of consumers:</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:645px;border-collapse:collapse;text-align:left;"><tr><td colspan="18"></td></tr><tr><td style="width:232px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:47px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:64px;"></td><td style="width:15px;"></td><td style="width:10px;"></td><td style="width:54px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:54px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:65px;"></td><td style="width:15px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Percentage</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Percentage</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Volumetric load </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;(GWh)</font></div></td><td colspan="17" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Residential</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">983.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,032.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,295.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,314.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commercial and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total volumetric load </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">992.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,043.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,321.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,346.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demand-based load </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2) </sup></font><font style="font-family:inherit;font-size:10pt;">(MW)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,443.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,968.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,359.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,392.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average retail consumers (thousands)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">249.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;%</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1) </sup></font><font style="font-family:inherit;font-size:10pt;">Volumetric load consumers are billed on KWh usage.</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;Demand-based load includes consumers billed on monthly KW peak and also includes retail transmission customers that are primarily billed under TNMP&#8217;s rate riders.</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)  </sup></font><font style="font-family:inherit;font-size:10pt;">TNMP provides transmission and distribution services to REPs that provide electric service to their customers in TNMP&#8217;s service territories.  The number of consumers above represents the customers of these REPs.  Under TECA, consumers in Texas have the ability to choose any REP to provide energy.</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Three months ended September 30, 2017 compared to 2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:1px;padding-left:1px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the significant changes to utility margin:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Utility margin:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate relief </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Transmission cost of service rate increases in September 2016, March 2017, and September 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Retail customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Weather normalized usage per retail customer decreased 1.3%; the average number of retail consumers increased 1.3%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Demand based customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher demand-based revenues for large commercial and industrial retail consumers; billed demand, excluding retail transmission customers, increased 3.3%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Wholesale transmission load</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211; Increased coincidental peak load for third-party transmission customers   </font></div><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Weather </font><font style="font-family:inherit;font-size:10pt;">&#8211; Milder weather in 2017; cooling degree days were 7.6% lower in 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;104</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in operating expenses, depreciation and amortization, other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher allocated corporate depreciation, primarily related to computer software</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher outside consulting costs, including vegetation management</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lower capitalization of administrative and general expenses due to lower construction expenditures</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher costs that are collected through rate riders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher property taxes due to increased utility plant in service </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 lease abandonment costs associated with building consolidation efforts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Depreciation and amortization:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased utility plant in service</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reduced CTC amortization and AMS depreciation </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher contributions in aid of construction</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to issuance of $60.0 million of long-term debt in August 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to higher short-term borrowings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to higher segment earnings before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease due to excess tax benefits related to stock compensation awards (Note 8)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;105</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nine months ended September 30, 2017 compared to 2016</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:1px;padding-left:1px;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the significant changes to utility margin:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Utility margin:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate relief </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Transmission cost of service rate increases in March 2016, September 2016, March 2017, and September 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Retail customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;1.7</font><font style="font-family:inherit;font-size:10pt;">% increase in weather normalized retail KWh sales, primarily related to the residential class; the average number of retail consumers increased 1.2%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Demand based customer usage/load </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">Higher demand-based revenues for large commercial and industrial retail consumers; billed demand, excluding retail transmission customers increased 4.3%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Wholesale transmission load</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211; Increased coincidental peak load for third-party transmission customers   </font></div><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rate riders </font><font style="font-family:inherit;font-size:10pt;">&#8211; Impacts of rate riders, including the AMS surcharge, CTC surcharge, energy efficiency rider, and transmission cost recovery factor</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Weather </font><font style="font-family:inherit;font-size:10pt;">&#8211; Milder weather in 2017; heating degree days were 35.8% lower</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in operating expenses, depreciation and amortization, other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher allocated corporate depreciation, primarily related to computer software</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher property taxes due to increased utility plant in service </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Training costs associated with new software implementation</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 lease abandonment costs associated with building consolidation efforts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Depreciation and amortization:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased utility plant in service</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reduced CTC amortization and AMS depreciation </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;106</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher contribution in aid of construction</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 interest income from IRS, net of related expenses (Note 13)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to the issuance of $60.0 million of long-term debt in February 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to the issuance of $60.0 million long-term debt in August 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase due to higher segment earnings before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease due to excess tax benefits related to stock compensation awards (Note 8)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Corporate and Other</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below summarizes the operating results for Corporate and Other:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:641px;border-collapse:collapse;text-align:left;"><tr><td colspan="24"></td></tr><tr><td style="width:265px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:46px;"></td><td style="width:4px;"></td><td style="width:10px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:43px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (taxes) benefit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Segment earnings (loss)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate and Other operating expenses shown above are net of amounts allocated to PNM and TNMP under shared services agreements.  The amounts allocated include certain expenses shown as depreciation and amortization and other income (deductions) in the table above.  The change in depreciation expense primarily relates to increased depreciation rates and additions </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;107</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">to computer software.  Substantially all depreciation and amortization expense is offset in operating expenses as a result of allocation of these costs to other business segments.</font></div><div style="line-height:100%;text-align:left;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;108</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Three months ended September 30, 2017 compared to 2016</font></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease in interest income on the Westmoreland Loan (Note 11)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Issuance of the $100.0 million 2016 Two-Year Term Loan in December 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Issuance of the $100.0 million 2016 One-Year Term Loan in December 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher short term borrowings and interest rates</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Repayment of a $150.0 million PNMR term loan in December 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease in interest expense on the BTMU Loan Agreement (Note 9)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase in benefit due to change in segment earnings (loss) before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Results</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nine months ended September 30, 2017 compared to 2016</font></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables summarize the primary drivers for changes in other income (deductions), interest charges, and income taxes:</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other income (deductions):</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease in interest income on the Westmoreland Loan (Note 11)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 interest income from IRS, net of related expenses (Note 13)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016 costs paid by PNMR Development related to obligations under the SJGS restructuring agreement</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;109</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended <br>September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest charges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Issuance of the $100.0 million 2016 Two-Year Term Loan in December 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Issuance of the $100.0 million 2016 One-Year Term Loan in December 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Higher short term borrowings and interest rates</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Repayment of a $150.0 million PNMR term loan in December 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Decrease in interest expense on the BTMU Loan Agreement (Note 9)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:589px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:52px;"></td><td style="width:440px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:79px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increase in benefit due to change in segment (earnings) loss before income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impacts of phased-in reduction in New Mexico corporate income tax rates</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Change</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><a name="sCDFB88613C6154F9DBE1E7FF39D5D642"></a></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LIQUIDITY AND CAPITAL RESOURCES</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Statements of Cash Flows</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in PNMR&#8217;s cash flows for the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;compared to </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">&#32;are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:439px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:273px;"></td><td style="width:9px;"></td><td style="width:39px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:39px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:39px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net cash flows from:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Operating activities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">321.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(329.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(604.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">275.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(49.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(295.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:22px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net change in cash and cash equivalents</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(38.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash Flows from Operating Activities</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in PNMR&#8217;s cash flow from operating activities result from net earnings, adjusted for items impacting earnings that do not provide or use cash.  See Results of Operations above.  Certain changes in assets and liabilities resulting from normal operations, including the effects of the seasonal nature of the Company&#8217;s operations, also impact operating cash flows.&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash Flows from Investing Activities</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in PNMR&#8217;s cash flows from investing activities relate primarily to changes in utility plant additions.  Cash flows from investing activities also include activity related to the Westmoreland Loan.  Major components of PNMR&#8217;s cash inflows and (outflows) from investing activities are shown below:</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;110</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.89668615984405%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:68%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash (Outflows) for Utility Plant Additions</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Generation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(36.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(67.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transmission and distribution</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(124.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(89.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase of previously leased capacity in PVNGS Unit 2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(163.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">163.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners SCRs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nuclear fuel</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(206.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(377.7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">171.2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transmission</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(54.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distribution</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(51.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AMS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(106.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate and Other:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Computer hardware and software</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(31.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Development utility plant additions</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(40.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(31.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(353.4</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(502.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">149.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash Inflows (Outflows) on the Westmoreland Loan</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loan origination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(122.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">122.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Principal payments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(107.3</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash Flow from Financing Activities</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in PNMR&#8217;s cash flows from financing activities include:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term borrowings decreased $20.6 million in 2017 compared to an increase of $105.3 million in 2016, resulting in a net decrease in cash flows from financing activities of $125.9 million</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM successfully remarketed $57.0 million of PCRBs in 2017 and $146.0 million of PCRBs in 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2016, PNM borrowed $175.0 million under the PNM 2016 Term Loan Agreement utilizing the proceeds to prepay a $125.0 million term loan; in 2017, PNM borrowed $200.0 million under the PNM 2017 Term Loan Agreement utilizing the proceeds to repay the $175.0 million PNM 2016 Term Loan Agreement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP issued $60.0 million of 3.22% first mortgage bonds in 2017 and $60.0 million of 3.53% first mortgage bonds in 2016 utilizing the proceeds to reduce short-term debt and intercompany debt and for general corporate purposes</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NM Capital borrowed $122.5 million under the BTMU Term Loan Agreement in 2016 and used the proceeds to provide funds for the Westmoreland Loan; in accordance with the BTMU Term Loan Agreement, NM Capital made principal payments of $31.3 million in 2017 compared to $17.2 million in 2016</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financing Activities</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and Note 9 for additional information concerning the Company&#8217;s financing activities.  PNM must obtain NMPRC approval for any financing transaction having a maturity of more than 18 months.  In addition, PNM files its annual short-term financing plan with the NMPRC.  The Company&#8217;s ability to access the credit and capital markets at a reasonable cost is largely dependent upon its:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ability to earn a fair return on equity </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Results of operations </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ability to obtain required regulatory approvals </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conditions in the financial markets </font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;111</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit ratings </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each of the Company&#8217;s revolving credit facilities and term loans contains one financial covenant, which requires the maintenance of debt-to-capital ratios of less than or equal to 65%, and generally includes customary covenants, events of default, cross default provisions, and change of control provisions.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 11, NM Capital, a wholly-owned subsidiary of PNMR, entered into the $125.0 million BTMU Term Loan Agreement, among NM Capital, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (&#8220;BTMU&#8221;), as lender, and BTMU, as Administrative Agent.  The BTMU Term Loan Agreement has a maturity of February 1, 2021 and bears interest at a rate based on LIBOR plus a customary spread, which aggregated 4.06% at September 30, 2017.  The principal balance outstanding under the BTMU Term Loan Agreement was $60.9 million at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  PNMR, as parent company of NM Capital, has guaranteed NM Capital&#8217;s obligations to BTMU.  NM Capital utilized the proceeds of the BTMU Term Loan Agreement to provide funding for the $125.0 million Westmoreland Loan to a ring-fenced, bankruptcy-remote, special-purpose entity, which is a subsidiary of Westmoreland, to finance Westmoreland&#8217;s purchase of SJCC. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 21, 2016, PNMR entered into letter of credit arrangements with JPMorgan Chase Bank, N.A. (the &#8220;JPM LOC Facility&#8221;) under which letters of credit aggregating </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;">&#32;were issued to facilitate the posting of reclamation bonds, which SJCC is required to post in connection with permits relating to the operation of the San Juan mine (Note 11).  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2016, PNM had </font><font style="font-family:inherit;font-size:10pt;">$37.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of outstanding PCRBs, which have a final maturity of June 1, 2040, and </font><font style="font-family:inherit;font-size:10pt;">$20.0 million</font><font style="font-family:inherit;font-size:10pt;">&#32;of outstanding PCRBs which have a final maturity of June 1, 2042.  These PCRBs were subject to mandatory tender for remarketing on June 1, 2017 and were successfully remarketed on that date.  Both series are now subject to mandatory tender for remarketing on June 1, 2022.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 14, 2017, TNMP entered into an agreement, which provided that TNMP would issue $60.0 million aggregate principal amount of 3.22% first mortgage bonds on or about August 25, 2017.  TNMP issued the 2017 Series A Bonds on August 24, 2017 and used the proceeds to reduce short-term and intercompany debt and for general corporate purposes.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 20, 2017, PNM entered into a $200.0 million term loan agreement (the &#8220;PNM 2017 Term Loan Agreement&#8221;), which bears interest at a variable rate and must be repaid on or before January 18, 2019.  PNM used the proceeds of the PNM 2017 Term Loan Agreement to prepay the $175.0 million PNM 2016 Term Loan Agreement, which was to mature on November 17, 2017, and to reduce short-term borrowings. </font></div><div style="line-height:174%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 28, 2017, PNM entered into the PNM 2017 Senior Unsecured Note Agreement with institutional investors for the sale of $450.0 million aggregate principal amount of eight series of Senior Unsecured Notes (the &#8220;PNM 2018 SUNs&#8221;) offered in private placement transactions.  PNM has agreed to issue $350.0 million of the PNM 2018 SUNs (at fixed annual interest rates ranging from 3.15% to 4.50% for terms between 5 and 30 years) on or about May 15, 2018 and $100.0 million of the PNM 2018 SUNs (at fixed annual interest rates of 3.78% and 4.60% for terms of 10 and 30 years) on or about August 1, 2018.  The issuances of the PNM 2018 SUNs are subject to the satisfaction of customary conditions.  PNM will use the gross proceeds from the PNM 2018 SUNs to pay $350.0 million of PNM&#8217;s 7.95% Senior Unsecured Notes that mature on May 15, 2018 and $100.0 million of PNM&#8217;s 7.50% Senior Unsecured Notes that mature on August 1, 2018. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 25, 2017, the TNMP Revolving Credit Facility, which has a financing capacity of $75.0 million, was amended and restated to extend its maturity from September 18, 2018 to September 23, 2022.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At September 30, 2017, variable interest rates were 2.14% for the $150.0 million PNMR 2015 Term Loan Agreement, 2.09% for the $100.0 million PNMR 2016 One-Year Term Loan, 2.19% for the $100.0 million PNMR 2016 Two-Year Term Loan, and 1.97% for the $200.0 million PNM 2017 Term Loan Agreement.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has a hedging agreement whereby it effectively established a fixed interest rate of 1.927%, subject to change if there is a change in PNMR&#8217;s credit rating, for borrowings under the PNMR 2015 Term Loan Agreement for the period from January 11, 2016 through March 9, 2018.  In 2017, PNMR entered into three separate four-year hedging agreements whereby it effectively established fixed interest rates on three separate tranches, each of $50.0 million, of its variable rate debt.  The hedging agreements effectively fix interest rates on the aggregate $150.0 million of short-term debt at rates of 1.926%, 1.823%, and 1.629%, plus customary spreads over LIBOR, and are subject to changes if there is a change in PNMR&#8217;s credit rating.  The Finance Committee </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;112</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">of the Board has authorized management to enter into additional transactions to hedge against exposure to changes in interest rates on its variable rate debt of up to an additional notional amount of $150.0 million. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capital Requirements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s total capital requirements consist of construction expenditures and cash dividend requirements for PNMR common stock and PNM preferred stock.  Key activities in PNMR&#8217;s current construction program include:</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upgrading generation resources, including expenditures for compliance with environmental requirements and for renewable energy resources</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expanding the electric transmission and distribution systems</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchasing nuclear fuel</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:80px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Projected capital requirements, including amounts expended through </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, are:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:66.08187134502924%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:57%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2018-2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction expenditures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">526.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,046.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,573.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends on PNMR common stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">309.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends on PNM preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total capital requirements</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">604.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,357.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,961.9</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The construction expenditure estimates are under continuing review and subject to ongoing adjustment, as well as to Board review and approval.  The construction expenditures above include environmental upgrades of $42.9 million at Four Corners, $44.3 million for 30 MW of new solar capacity to supply power to a new data center being constructed by Facebook Inc., $72.8 million related to PNM&#8217;s request for NMPRC approval to procure 50 MW of new solar facilities included in PNM&#8217;s 2018 renewable energy procurement plan, approximately $200 million for an anticipated expansion of PNM&#8217;s transmission system, and approximately $100 million in 2021 for the initial costs of replacement resources related to the potential shutdown of SJGS Units 1 and 4 in 2022.  See Note 12.  Expenditures for environmental upgrades are estimated to be $35.0 million in 2017, including amounts expended through September 30, 2017.  See Note 11 and Commitments and Contractual Obligations below.  The ability of PNMR to pay dividends on its common stock is dependent upon the ability of PNM and TNMP to be able to pay dividends to PNMR.  Note 5 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K describes regulatory and contractual restrictions on the payment of dividends by PNM and TNMP.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR met its capital requirements and construction expenditures through cash generated from operations, as well as its liquidity arrangements and the borrowings discussed in Financing Activities above.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the capital requirements for construction expenditures and dividends, the Company has long-term debt and term loans that must be paid or refinanced at maturity.  The $100.0 million PNMR 2016 One-Year Term Loan matures on December 21, 2017, the $150.0 million PNMR 2015 Term Loan Agreement matures on March 9, 2018, $350.0 million of PNM Senior Unsecured Notes mature on May 15, 2018, and $100.0 million of PNM Senior Unsecured Notes mature on August 1, 2018.  As described above, PNM entered into the PNM 2017 Senior Unsecured Note Agreement on July 28, 2017.  Proceeds from the $450.0 million of the PNM 2018 SUNs to be issued under that agreement will be used to repay the Senior Unsecured Notes that mature on May 15, 2018 and August 1, 2018.  The BTMU Term Loan Agreement requires that NM Capital utilize all amounts, less taxes and fees, it receives under the Westmoreland Loan to repay the BTMU Term Loan Agreement.  Based on scheduled payments on the Westmoreland Loan, NM Capital estimates it will make principal payments of $15.7 million on the BTMU Term Loan Agreement in the twelve months ended September 30, 2018.  The Company has additional long-term debt of $102.3 million that matures from October 2018 through December 2018.  Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K contains additional information about the maturities of long-term debt.  PNMR and PNM anticipate that funds to repay these long-term debt maturities and term loans will come from entering into new arrangements similar to the existing agreements, borrowing under their revolving credit facilities, issuance of new long-term debt, or a combination of these sources.  The Company has from time to time refinanced or repurchased portions of its outstanding debt before scheduled maturity.  Depending on market conditions, the Company may refinance other debt issuances or make additional debt repurchases in the future. </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;113</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liquidity</font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s liquidity arrangements include the PNMR Revolving Credit Facility, the PNM Revolving Credit Facility, and the TNMP Revolving Credit Facility.  The PNMR and PNM facilities have capacities of $300.0 million and $400.0 million through October 2020 and $290.0 million and $360.0 million from November 2020 through October 2021.  The $75.0 million TNMP Revolving Credit Facility matures on September 23, 2022.  PNM also has the $50.0 million PNM New Mexico Credit Facility, which expires in January 2018.  The Company believes the terms and conditions of these facilities are consistent with those of other investment grade revolving credit facilities in the utility industry.&#160; The Company expects that it will be able to extend or replace these credit facilities under similar terms and conditions prior to their expirations.</font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revolving credit facilities and the PNM New Mexico Credit Facility provide short-term borrowing capacity.  The revolving credit facilities also allow letters of credit to be issued.  Letters of credit reduce the available capacity under the facilities.  The Company utilizes these credit facilities and cash flows from operations to provide funds for both construction and operational expenditures.  The Company&#8217;s business is seasonal with more revenues and cash flows from operations being generated in the summer months.  In general, the Company relies on the credit facilities to be the initial funding source for construction expenditures.  Accordingly, borrowings under the facilities may increase over time.  Depending on market and other conditions, the Company will periodically sell long-term debt and use the proceeds to reduce the borrowings under the credit facilities.  Information regarding the range of borrowings for each facility is as follows:</font></div><div style="line-height:115%;padding-top:12px;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:59.64912280701754%;border-collapse:collapse;text-align:left;"><tr><td colspan="17"></td></tr><tr><td style="width:52%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:9%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Range of Borrowings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Low</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">High</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Low</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">High</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">159.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the average interest rate was </font><font style="font-family:inherit;font-size:10pt;">2.49%</font><font style="font-family:inherit;font-size:10pt;">&#32;for the PNMR Revolving Credit Facility.  There were no borrowings under the PNM Revolving Credit Facility, the PNM New Mexico Credit Facility, or the TNMP Revolving Credit Facility at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently believes that its capital requirements can be met through internal cash generation, existing or new credit arrangements, and access to public and private capital markets.  However, the Company anticipates that it will be necessary to obtain additional long-term financing to fund its capital requirements during the 2017-2021 period.  This could include new debt issuances and/or new equity.  To cover the difference in the amounts and timing of internal cash generation and cash requirements, the Company intends to use short-term borrowings under its current and future liquidity arrangements.  However, if difficult market conditions experienced during the 2008 recession return, the Company may not be able to access the capital markets or renew credit facilities when they expire.  Should that occur, the Company would seek to improve cash flows by reducing capital expenditures and exploring other available alternatives.  Also, PNM could consider seeking authorization for the issuance of first mortgage bonds to improve access to the capital markets.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning the credit ratings for PNMR, PNM, and TNMP was set forth under the heading Liquidity in the MD&amp;A contained in the 2016 Annual Reports on Form 10-K.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, ratings on the Company&#8217;s securities were as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;114</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:63.547758284600384%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:63%;"></td><td style="width:11%;"></td><td style="width:2%;"></td><td style="width:11%;"></td><td style="width:2%;"></td><td style="width:11%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">S&amp;P</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate rating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BBB+</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BBB+</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BBB+</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior secured debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior unsecured debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BBB+</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BBB-</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Moody&#8217;s</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Issuer rating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Baa3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Baa2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior secured debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A1</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior unsecured debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Baa2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*  Not applicable</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currently, all of the credit ratings issued by both Moody&#8217;s and S&amp;P on the Company&#8217;s debt are investment grade.  S&amp;P has PNMR, PNM, and TNMP on a stable outlook.  In June 2017, Moody&#8217;s changed the outlook for PNMR and PNM from stable to positive while maintaining a stable outlook for TNMP.  However, the ultimate outcome from PNM&#8217;s NM 2015 Rate Case, including the pending appeal before the NM Supreme Court, and the outcome of PNM&#8217;s NM 2016 Rate Case, as discussed in Note 12, could affect both the outlook and credit ratings.  Investors are cautioned that a security rating is not a recommendation to buy, sell, or hold securities, that each rating is subject to revision or withdrawal at any time by the assigning rating organization, and that each rating should be evaluated independently of any other rating.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of liquidity arrangements as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;is as follows: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:611px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:293px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:59px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:74px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Separate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Separate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Separate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financing capacity:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:10px;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revolving credit facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">300.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">400.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">775.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:10px;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total financing capacity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">300.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">825.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts outstanding as of October 20, 2017:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:10px;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revolving credit facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:10px;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="padding-top:1px;text-align:left;padding-left:10px;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Letters of credit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:60px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total short-term debt and letters of credit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Remaining availability as of October 20, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">118.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">447.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">635.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Invested cash as of October 20, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.5</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:115%;padding-top:8px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the above, PNMR had $30.3 million of letters of credit outstanding under the JPM LOC Facility.  The above table excludes intercompany debt.  As of </font><font style="font-family:inherit;font-size:10pt;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM and TNMP had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">&#32;intercompany borrowings from PNMR.  The remaining availability under the revolving credit facilities at any point in time varies based on a number of factors, including the timing of collections of accounts receivables and payments for construction and operating expenditures. </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR can offer new shares of common stock through the PNM Resources Direct Plan under a SEC shelf registration statement that expires in August 2018.  PNM has a shelf registration statement for up to $475.0 million of Senior Unsecured Notes that expires in May 2020. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Off-Balance Sheet Arrangements </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s off-balance sheet arrangements include PNM&#8217;s operating leases for portions of PVNGS Units 1 and 2.  These arrangements help ensure PNM the availability of lower-cost generation needed to serve customers.  See MD&amp;A &#8211; Off-Balance Sheet Arrangements and Notes 7 and 9 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, as well as Note 6.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;115</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contractual Obligations</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP have contractual obligations for long-term debt, operating leases, construction expenditures, purchase obligations, and certain other long-term obligations.  See MD&amp;A &#8211; Commitments and Contractual Obligations in the 2016 Annual Reports on Form 10-K.</font><font style="font-family:inherit;font-size:11pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingent Provisions of Certain Obligations </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in the 2016 Annual Reports on Form 10-K,</font><font style="font-family:inherit;font-size:11pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP have a number of debt obligations and other contractual commitments that contain contingent provisions.  Some of these, if triggered, could affect the liquidity of the Company.  In the unlikely event that the contingent requirements were to be triggered, PNMR, PNM, or TNMP could be required to provide security, immediately pay outstanding obligations, or be prevented from drawing on unused capacity under certain credit agreements.  The contingent provisions also include contractual increases in the interest rate charged on certain of the Company&#8217;s short-term debt obligations in the event of a downgrade in credit ratings.  The Company believes its financing arrangements are sufficient to meet the requirements of the contingent provisions.  No conditions have occurred that would result in any of the above contingent provisions being implemented.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capital Structure</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The capitalization tables below include the current maturities of long-term debt, but do not include short-term debt and do not include operating lease obligations as debt.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:517px;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:333px;"></td><td style="width:80px;"></td><td style="width:11px;"></td><td style="width:5px;"></td><td style="width:75px;"></td><td style="width:11px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, <br>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR common equity</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred stock of subsidiary</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:77px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total capitalization</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM common equity</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred stock</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.4</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:77px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total capitalization</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Common equity</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:62px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:77px;text-indent:-59px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total capitalization</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s77413675F1D429F0BF6BE7FF7D5B1728"></a></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER ISSUES FACING THE COMPANY</font></div><div style="line-height:100%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Climate Change Issues </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Background</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2016, GHG associated with PNM&#8217;s interests in its fossil-fueled generating plants included approximately 6.6 million metric tons of CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, which comprises the vast majority of PNM&#8217;s GHG.&#160; By comparison, the total GHG in the United States in 2015, the latest year for which EPA has published this data, were approximately 6.6 billion metric tons, of which approximately 5.4 billion metric tons were CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">.&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has several programs underway to reduce or offset GHG from its resource portfolio, thereby reducing its exposure to climate change regulation.  See Note 12.  PNM owns utility-scale solar generation with a total generation capacity of 107 MW.  Since 2003, PNM has purchased the entire output of New Mexico Wind, which has an aggregate capacity of 204 MW, and, si</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;116</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">nce January 2015, has purchased the full output of Red Mesa Wind, which has an aggregate capacity of 102 MW.  PNM has a 20-year PPA for the output of Lightning Dock Geothermal, which began providing power to PNM in January 2014.  The current capacity of the geothermal facility is 4 MW.  On June 1, 2017, PNM filed its 2018 renewable energy procurement plan (Note 12).  PNM is requesting approval to procure an additional 80 GWh in 2019 and 105 GWh in 2020 from a re-powering of New Mexico Wind; approval to procure an additional 55 GWh in 2019 and 77 GWh in 2020 from a re-powering of Lightning Dock Geothermal; and approval to procure 50 MW of new solar facilities to be constructed beginning in 2018.  Additionally, PNM has a customer distributed solar generation program that represented 81.6 MW at September 30, 2017.  PNM&#8217;s distributed solar programs will reduce PNM&#8217;s annual production from fossil-fueled electricity generation by about 180 GWh.  PNM offers its customers a comprehensive portfolio of energy efficiency and load management programs, with a budget of $26.0 million for the 2017 program year.  These programs saved approximately 82 GWh of electricity in 2016.  Over the next 20 years, PNM projects energy efficiency and load management programs will provide the equivalent of approximately 9,600 GWh of electricity, which will avoid at least 5.2 million metric tons of CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;based upon projected emissions from PNM&#8217;s system-wide resources.  These estimates are subject to change because of the uncertainty of many of the underlying variables, including changes in demand for electricity, and complex relationships between those variables.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the past several years, management has identified multiple risks and opportunities related to climate change, including potential environmental regulation, technological innovation, and availability of fuel and water for operations, as among the most significant risks facing the Company.  Accordingly, these risks are overseen by the full Board in order to facilitate more integrated risk and strategy oversight and planning.  Board oversight includes understanding the various challenges and opportunities presented by these risks, including the financial consequences that might result from potential federal and/or state regulation of GHG; plans to mitigate the risks; and the impacts these risks may have on the Company&#8217;s strategy.  In addition, the Board approves certain PNM investments in environmental equipment and grid modernization technologies.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management periodically updates the Board on implementation of the corporate environmental policy and the Company&#8217;s environmental management systems, promotion of energy efficiency, and use of renewable resources.&#160; The Board is also advised of the Company&#8217;s practices and procedures to assess the sustainability impacts of operations on the environment.&#160; The Board considers associated issues around climate change, the Company&#8217;s GHG exposures, and the financial consequences that might result from potential federal and/or state regulation of GHG. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December&#160;31, 2016, approximately 70.7% of PNM&#8217;s generating capacity, including resources owned, leased, and under PPAs, all of which is located within the United States, consisted of coal or gas-fired generation that produces GHG.  Based on current forecasts, the Company expects its output of GHG from existing sources will decrease in the near-term.  Many factors affect the amount of GHG emitted, including plant performance and the availability of renewable resources.  For example, between 2007 and 2016, production from New Mexico Wind has varied from a high of 580 GWh in 2011 to a low of 405 GWh in 2014.  Variations are primarily due to how much and how often the wind blows.  In addition, if PVNGS experienced prolonged outages or if PNM&#8217;s entitlement from PVNGS were reduced, PNM might be required to utilize other power supply resources such as gas-fired generation, which could increase GHG.  As described in Note 11, PNM received approval for the December 31, 2017 shutdown of SJGS Units 2 and 3 as part of its strategy to address the regional haze requirements of the CAA.  Based on 2016 data, the shutdown of Units 2 and 3 would result in a reduction of GHG for the entire station of approximately 50%, including an overall reduction of approximately 40% of GHG from the Company&#8217;s owned interests.   In addition, as discussed in Note 12, PNM&#8217;s 2017 IRP indicates exiting ownership in the remaining SJGS units in 2022 and Four Corners in 2031 would provide long-term cost savings to its customers and would further reduce PNM&#8217;s GHG. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of PNM&#8217;s dependence on fossil-fueled generation, legislation or regulation that imposes a limit or cost on GHG could impact the cost at which electricity is produced.  While PNM expects to recover any such costs through rates, the timing and outcome of proceedings for cost recovery are uncertain.  In addition, to the extent that any additional costs are recovered through rates, customers may reduce their usage, relocate facilities to other areas with lower energy costs, or take other actions that ultimately will adversely impact PNM.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s generating stations are located in the arid southwest.  Access to water for cooling for some of these facilities is critical to continued operations.  Forecasts for the impacts of climate change on water supply in the southwest range from reduced precipitation to changes in the timing of precipitation.  In either case, PNM&#8217;s facilities requiring water for cooling will need to mitigate the impacts of climate change through adaptive measures.  Current measures employed by PNM generating stations such as air cooling, use of grey water, improved reservoir operations, and shortage sharing arrangements with other water users will continue to be important to sustain operations.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s service areas occasionally experience periodic high winds, forest fires, and severe thunderstorms.  TNMP has </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;117</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">operations in the Gulf Coast area of Texas, which experiences periodic hurricanes and drought conditions.  In addition to potentially causing physical damage to Company-owned facilities, which disrupts the ability to transmit and/or distribute energy, weather and other events of nature can temporarily reduce customers&#8217; usage and demand for energy.  During the third quarter of 2017, Hurricanes Harvey and Irma had significant impacts on the Gulf Coast region, including certain areas serviced by TNMP.  While neither hurricane had a significant impact on TNMP&#8217;s facilities, the hurricanes impacted customer usage and could impact future usage or create resource constraints that could delay or disrupt the supply of materials necessary to maintain historical levels of system reliability. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in the climate are generally not expected to have material consequences to the Company in the near-term.  The Company cannot anticipate or predict the potential long-term effects of climate change or climate change related regulation on its assets and operations. </font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">EPA Regulation</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2007, the US Supreme Court held that EPA has the authority to regulate GHG under the CAA.&#160;&#160;This decision heightened the importance of this issue for the energy industry.&#160; In December 2009, EPA released its endangerment finding stating that the atmospheric concentrations of six key greenhouse gases (CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, methane, nitrous oxides, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride) endanger the public health and welfare of current and future generations.  In May 2010, EPA released the final PSD and Title V Greenhouse Gas Tailoring Rule (the &#8220;Tailoring Rule&#8221;) to address GHG from stationary sources under the CAA permitting programs.  The purpose of the rule was to &#8220;tailor&#8221; the applicability of two programs, PSD and Title V operating permit programs, to avoid impacting millions of small GHG emitters.  The rule focused on the largest sources of GHG, including fossil-fueled electric generating units.  This program covered the construction of new emission units that emit GHG of at least 100,000 tons per year in CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;equivalents (even if PSD is not triggered for other pollutants).  In addition, modifications at existing major-emitting facilities that increase GHG by at least 75,000 tons per year in CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;equivalents would be subject to PSD permitting requirements, even if they did not significantly increase emissions of any other pollutant.  As a result, PNM&#8217;s fossil-fueled generating plants were more likely to trigger PSD permitting requirements because of the magnitude of GHG.  However, as discussed below, a court case in 2014 now limits the extent of the Tailoring Rule.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 26, 2012, the DC Circuit rejected challenges to EPA&#8217;s 2009 GHG endangerment finding, GHG standards for light-duty vehicles, PSD Interpretive Memorandum (EPA&#8217;s so-called GHG &#8220;Timing Rule&#8221;), and the Tailoring Rule.  The court found that EPA&#8217;s endangerment finding and its light-duty vehicle rule &#8220;are neither arbitrary nor capricious,&#8221; that &#8220;EPA&#8217;s interpretation of the governing CAA provisions is unambiguously correct,&#8221; and that &#8220;no petitioner has standing to challenge the Timing and Tailoring Rules.&#8221;  On October 15, 2013, the US Supreme Court granted a petition for a </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Writ of Certiorari</font><font style="font-family:inherit;font-size:10pt;">&#32;regarding the permitting of stationary sources that emit GHG.  The US Supreme Court limited its review to the question of whether EPA&#8217;s determination that regulation of GHG from motor vehicles required EPA to regulate stationary sources under the PSD and Title V permitting programs.  The petitioners argued that EPA&#8217;s determination was unlawful as it violates Congressional intent.</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 23, 2014, the US Supreme Court issued its opinion in the above case and reversed the DC Circuit.  First, the US Supreme Court found the CAA does not compel or permit EPA to adopt an interpretation of the act that requires a source to obtain a PSD or Title V permit on the sole basis of its potential GHG.  Second, the US Supreme Court rejected EPA&#8217;s position that, even if it was not required to regulate GHGs under the PSD and Title V programs, the Tailoring Rule was nonetheless justified on the grounds that it was a reasonable interpretation of the CAA.  Third, the US Supreme Court found EPA lacked authority to &#8220;tailor&#8221; the CAA&#8217;s unambiguous numerical thresholds of 100 or 250 tons per year.  Fourth, the US Supreme Court found that it would be reasonable for EPA to interpret the CAA to limit the PSD program for GHGs to &#8220;anyway&#8221; sources &#8211; those sources that have to comply with the PSD program for other non-GHG pollutants.  The US Supreme Court said that EPA needed to establish a </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">de minimis</font><font style="font-family:inherit;font-size:10pt;">&#32;level below which BACT would not be required for &#8220;anyway&#8221; sources.  In response to the US Supreme Court decision, EPA released a proposed rule on October 3, 2016, to revise the permitting rules for GHG under the CAA.  Among other things, the proposed rule would set the Significant Emissions Rate (&#8220;SER&#8221;) for GHGs under the major source permitting program at 75,000 tons of CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;equivalent per year for new and modified sources that are already subject to NSR based on emission of other pollutants.  If finalized as proposed, the rule would require a new major source or major modification that triggers PSD permitting for other criteria pollutants like NOx to undergo a BACT review for GHG if the potential to emit GHG exceeds the 75,000 tons per year.  Comments on the proposed rule were due on December 16, 2016.</font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 25, 2013, former President Obama announced his Climate Action Plan which outlined how his administration planned to cut GHG in the United States, prepare the country for the impacts of climate change, and lead international efforts to combat and prepare for global warming.  The plan proposed actions that would lead to the reduction of GHG by 17% below 2005 levels by 2020.  The former President also issued a Presidential Memorandum to EPA to continue development of the GHG NSPS </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;118</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">regulations for electric generators.  The Presidential Memorandum established a timeline for the proposal and issuance of a GHG NSPS for new sources under section 111(b) of the CAA and a timeline for the proposal and final rule for developing carbon pollution standards, regulations, or guidelines for GHG reductions from existing sources under Section 111(d) of the CAA.  The Presidential Memorandum further directed EPA to allow the use of &#8220;market-based instruments&#8221; and &#8220;other regulatory flexibilities&#8221; to ensure standards will allow for continued reliance on a range of energy sources and technologies, and that the standards are developed and implemented in a manner that provides for reliable and affordable energy.  The Presidential Memorandum required EPA to undertake the rulemaking through direct engagement with states, &#8220;as they will play a central role in establishing and implementing standards for existing power plants,&#8221; and with utility leaders, labor leaders, non-governmental organizations, tribal officials, and other stakeholders.</font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA met the former President&#8217;s timeline for issuance of carbon pollution standards for new sources under Section 111(b) and for existing sources under Section 111(d) of the CAA.  On August 3, 2015, EPA issued its final standards to limit CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions from power plants.  The final rule was published on October 23, 2015.  Three separate but related actions took place: (1) the final Carbon Pollution Standards for new, modified, and reconstructed power plants were established (under Section 111(b)); (2) the final Clean Power Plan was issued to set standards for carbon emission reductions from existing power plants (under Section 111(d)); and (3) a proposed federal plan associated with the final Clean Power Plan was released.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA&#8217;s final rule to limit GHG from new, modified, and reconstructed power plants establishes standards based upon certain, specific conditions.  For newly constructed and reconstructed base load natural gas-fired stationary combustion turbines, EPA finalized a standard of 1,000 lbs CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">/MWh-gross based on efficient natural gas combined cycled technology as the best system of emissions reductions (&#8220;BSER&#8221;).  Alternatively, owners and operators of base load natural gas-fired combustion turbines may elect to comply with a standard based on an output of 1,030 lbs CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">/MWh-net.  A new source is any newly constructed fossil fuel-fired power plant that commenced construction after January 8, 2014.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final standards for coal-fired power plants vary depending on whether the unit is new, modified, or reconstructed.  The BSER for new steam units is a supercritical pulverized coal unit with partial carbon capture and storage.  Based on that technology, new coal-fired units are required to meet an emissions standard equal to 1,400 lbs CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">/MWh from the beginning of the power plant&#8217;s life.  The BSER for modified units is based on each affected unit&#8217;s own best potential performance.  Standards will be in the form of an emission limit in pounds of CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;per MWh, which will apply to units with modifications resulting in an increase of hourly CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions of more than 10% relative to the emissions of the most recent five years from that unit.  The BSER for reconstructed coal-fired power units is the performance of the most efficient generating technology for these types of units.  Final emissions standards depend on heat input.  Sources with heat input greater than 2,000 MMBTU/hour would be required to meet an emission limit of 1,800 lbs CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">/MWh-gross, and sources with a heat input of less than or equal to 2,000 MMBTU/hour would be required to meet an emission limit of 2,000 lbs CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">/MWh-gross.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final Clean Power Plan rule changed significantly in structure from the proposed rule that was released in June 2014.  Changes include delaying the first compliance date by two years from 2020 to 2022; adopting a new approach to calculating the emission targets which resulted in different state goals than those originally proposed; adding a reliability safety valve; and proposing rewards for early reductions.  The rule establishes two numeric &#8220;emission standards&#8221; &#8211; one for &#8220;fossil-steam&#8221; units (coal- and oil-fired units) and one for natural gas-fired units (combined cycle only).  The emission standards are based on emission reduction opportunities that EPA deemed achievable using technical assumptions for three &#8220;building blocks&#8221;: efficiency improvements at coal-fired EGUs, displacement of affected EGUs with renewable energy, and displacement of coal-fired generation with natural gas-fired generation.  The final standards are 1,305 lbs/MWh for fossil-steam units and 771 lbs/MWh for gas units, both of which phase in over the period 2022-2030.  To facilitate implementation, EPA converted the emission standards into state goals.  Each state&#8217;s goal reflects the average state-wide emission rate that all of the state&#8217;s affected EGUs would meet in the aggregate if each one achieved the emission standards alone based upon a weighted average of each state&#8217;s unique mix of affected units. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the final rule, the Clean Power Plan compliance schedule required states to make initial plan submissions to EPA by September 6, 2016.  EPA could then choose to grant up to a two-year extension provided that the initial plan meets certain specified criteria for progress and consultation.  States receiving an extension were to submit an update to EPA in 2017 and final plans by September 2018.  States not requesting an extension were to submit their final plans by September 2016.  State plans can be based on either an emission standards (rate or mass) approach or a state measures approach.  Under an emission standards approach, federally enforceable emission limits are placed directly on affected units in the state.  A state measures approach must meet equivalent rates statewide, but may include some elements, such as renewable energy or energy efficiency requirements, that are not federally enforceable.  Plans using state measures may only be used with mass-based goals and must include &#8220;backstop&#8221; </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;119</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">federally enforceable standards for EGUs that will become effective if the state measures fail to achieve the expected level of emission reductions.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Clean Power Plan also proposes a Clean Energy Incentive Program (&#8220;CEIP&#8221;) designed to award credits for early development of certain renewable energy and energy efficiency programs that displace fossil generation in 2020 and 2021 prior to the compliance obligation taking effect in 2022.  On June 30, 2016, EPA published proposed design details of the CEIP.  Comments were due to EPA on November 1, 2016.  In addition, the Clean Power Plan contains a reliability safety valve for individual power plants.  The reliability safety valve allows for a 90-day relief from CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emissions limits if generating units need to continue to operate and release excess emissions during emergencies that could compromise electric system reliability.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed above, EPA issued a proposed Federal Plan in association with the Clean Power Plan.  Under Section 111(d), EPA is authorized to issue a federal plan for states that do not submit an approvable state plan.  EPA indicated that states may voluntarily adopt the Federal Plan in whole or in part as its state plan.  EPA explained in its communications that the proposed Federal Plan will be released in advance of the deadline for submission of state plans to provide regulatory certainty to states that fail to submit an approvable plan.  The proposed Federal Plan will apply emission reduction obligations directly on affected EGUs.  The plan presents two approaches: a rate-based emissions trading program and a mass-based emissions trading program.  EPA indicated that it will choose only one of these approaches in the final Federal Plan.  However, the proposed rule offered both approaches for states to use as models in their own plans.  EPA asked for comments on the proposed Federal Plan by January 21, 2016.  PNM submitted comments in response. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Multiple states, utilities, and trade groups filed petitions for review and motions to stay in the DC Circuit.  On January 21, 2016, the DC Circuit denied the motions to stay the EPA&#8217;s section 111(d) rule (the Clean Power Plan).  It did, however, expedite briefing in the case and set it for oral argument on June 2, 2016.  Under the court&#8217;s order, briefing on all issues was to be completed by April 22, 2016.  Petitioners had asked for bifurcated briefing that would allow the core legal issues to be litigated first and the programmatic issues related to the rule to be litigated later depending on the outcome of the litigation.  The court denied that request.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 26, 2016, 29 states and state agencies filed a petition to the US Supreme Court asking the court to reverse the DC Circuit&#8217;s decision and stay the implementation of the Clean Power Plan.  On February 9, 2016, the US Supreme Court granted the applications to stay the Clean Power Plan pending judicial review of the rule.&#160; The US Supreme Court issued a one-page order that stated, &#8220;The EPA rule to have states cut power sector carbon dioxide (CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">) emissions 32% by 2030 is stayed pending disposition of the applicants&#8217; petitions for review in the United States Court of Appeals for the District of Columbia Circuit.&#8221;  The vote was 5-4 among the US Supreme Court Justices.  The decision means the Clean Power Plan is not in effect and states are not obliged to comply with its requirements.  The DC Circuit heard oral arguments on the merits of the states&#8217; case on September 27, 2016.  The arguments were made in front of a 10-judge panel.  There is no mandatory deadline for the DC Circuit to make a decision on the case.  The stay will remain in effect pending US Supreme Court review if such review is sought.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 28, 2017, President Trump issued an Executive Order titled &#8220;Promoting Energy Independence and Economic Growth.&#8221;  Among its goals are to &#8220;promote clean and safe development of our Nation&#8217;s vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation.&#8221;  The order rescinds several key pieces of the Obama Administration&#8217;s climate agenda, including the Climate Action Plan and the Final Guidance on Consideration of Climate Change in NEPA Reviews.  It directs agencies to review and suspend, revise or rescind any regulations or agency actions that potentially burden the development or use of domestically produced energy resources. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Most notably, the order directs EPA to immediately review and, if appropriate and consistent with law, suspend, revise, or rescind (1) the Clean Power Plan, (2) the NSPS for GHG from new, reconstructed or modified electric utilities, (3) the Proposed Clean Power Plan Model Trading Rules, (4) the Legal Memorandum supporting the Clean Power Plan, and (5) the NSPS for Oil &amp; Natural Gas Sector.  The Order disbands the Interagency Working Group on the Social Cost of Greenhouse Gases, rescinds all documents developed by that group as &#8220;no longer representative of government policy,&#8221; and directs agencies to evaluate costs consistent with a 2003 memorandum from the Office of Management and Budget.  In addition, the order repeals the moratorium on new leases for coal mined from federal lands.  Finally, it requires EPA and the Department of Justice to work with the US Attorney General to put on hold any litigation regarding any of the regulations the order addresses.  Subsequently, EPA and the Department of Justice filed a motion in the DC Circuit seeking to hold the Clean Power Plan case in abeyance.  The DC Circuit granted EPA&#8217;s request, has held the litigation in abeyance, and has not yet ruled on the case.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;120</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 10, 2017, the EPA Administrator signed a NOPR to repeal the Clean Power Plan.  The notice proposes a legal interpretation concluding that the Clean Power Plan exceeds EPA&#8217;s statutory authority.  The NOPR was published in the Federal Register on October 16, 2017, starting a 60-day public comment period.  Any final rule will be subject to legal challenge and judicial review.  EPA indicated it has not determined whether it will promulgate a new rule under section 111(d) or what form a new rule would take.  EPA is evaluating whether it is appropriate to replace the rule and will seek feedback from the public on crafting a replacement at a later date.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is unable to predict the impact to the Company of this Executive Order or the potential repeal of the Clean Power Plan.  It is uncertain the direction EPA will take, if any, to replace the existing rule.  If a future regulation limiting GHG from fossil-fueled EGUs is adopted, such regulations would impact PNM&#8217;s existing and future fossil-fueled EGUs.  The existing Carbon Pollution Standards covering new sources will also impact PNM&#8217;s generation fleet although that rule is also under review by EPA.  Impacts could result in requirements for investments in additional renewables and energy efficiency programs, efficiency improvements, and/or control technologies at PNM&#8217;s fossil-fueled EGUs.  There are limited efficiency enhancement measures that may be available to a subset of the existing EGUs; however, such measures would provide only marginal GHG improvements.  The only emission control technology for GHG reduction from coal and gas-fired power plants is carbon capture and sequestration, which is not yet a commercially demonstrated technology.  Additional GHG control technologies for existing EGUs may become viable in the future.  The costs of purchasing carbon credits or allowances, making improvements, or installing new technology could impact the economic viability of some plants.  PNM estimates that implementation of the BART plan at SJGS that required the installation of SNCRs on Units 1 and 4 by early 2016, which has been completed, and the retirement of SJGS Units 2 and 3 by the end of 2017 as described in Note 11, as well as the exiting ownership in the remaining SJGS units in 2022 as discussed in Note 12 should provide a significant step for New Mexico to meet its ultimate compliance with future regulations limiting GHG.  PNM is unable to predict the impact on its fossil-fueled generation.</font></div><div style="line-height:115%;padding-bottom:12px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Federal Legislation</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prospects for enactment in Congress of legislation imposing a new or enhanced regulatory program to address climate change are unlikely in 2017. &#160;EPA continues to be the primary vehicle for GHG regulation in the near future, especially for coal-fired EGUs. </font></div><div style="line-height:115%;padding-bottom:12px;padding-top:12px;text-align:justify;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">State and Regional Activity    </font></div><div style="line-height:115%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to New Mexico law, each utility must submit an IRP to the NMPRC every three years to evaluate renewable energy, energy efficiency, load management, distributed generation, and conventional supply-side resources on a consistent and comparable basis.&#160;&#160;The IRP is required to take into consideration risk and uncertainty of fuel supply, price volatility, and costs of anticipated environmental regulations when evaluating resource options to meet supply needs of the utility&#8217;s customers.&#160;&#160;The NMPRC requires that New Mexico utilities factor a standardized cost of carbon emissions into their IRPs using prices ranging between $8 and $40 per metric ton of CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emitted and escalating these costs by 2.5% per year.&#160;&#160;Under the NMPRC order, each utility must analyze these standardized prices as projected operating costs.&#160;&#160;Reflecting the developing nature of this issue, the NMPRC order states that these prices may be changed in the future to account for additional information or changed circumstances.&#160;&#160;Although these prices may not reflect the costs that ultimately will be incurred, PNM is required to use these prices for purposes of its IRP.&#160;&#160;As discussed in Note 12, in the 2017 IRP, PNM analyzed resource portfolio plans for scenarios that assumed SJGS will operate beyond the end of the current coal supply agreement that runs through June 30, 2022 and for scenarios that assumed SJGS will cease operations by the end of 2022.  The key findings of the 2017 IRP include that exiting SJGS in 2022 would provide long-term cost benefits to PNM&#8217;s customers and that PNM exiting its ownership interest in Four Corners in 2031 would also save customers money.  The materials presented in the process are available at </font><font style="font-family:inherit;font-size:10pt;color:#0000ff;text-decoration:underline;">www.pnm.com\irp</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 30, 2017, Western Resource Advocates provided the NMPRC with a presentation on a proposed rulemaking for the adoption of a clean energy standard in New Mexico and a suggestion that the NMPRC issue a NOPR. The NMAG&#8217;s office and Prosperity Works joined in the petition.  The proposed clean energy standard, if adopted, would require utilities to reduce carbon emissions by four percent per year for the next 20 years.  On October 4, 2017, the NMPRC voted to table a draft order that would have provided for workshops for stakeholders to discuss the adoption of a clean energy standard in New Mexico.  A workshop on the proposed clean energy standard was held on October 18, 2017 pursuant to an order issued by the NMPRC.  A number of issues were discussed and&#160;three major areas were identified with designated utilities or others chosen to lead sub-groups who will explore these areas: jurisdictional and other legal issues; selection of the timeframe for the baseline used, unspecified power, electric vehicle credits; and&#160;cost responsibilities, benefits, reasonable cost threshold, impact on rates, projected impact on utilities and whether they can comply, reliability and unintended consequences.  A follow-up meeting will be held November 17, 2017&#160;to consider the status of the sub-group findings.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;121</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 25, 2017, WEG, on behalf of 28 teens and youths, petitioned the New Mexico Environmental Improvement Board to schedule a hearing to consider and adopt a new rule for a state Greenhouse Gas Reduction Program to reduce greenhouse gas emissions in the state.  The petition and draft rule as written would require creation of a Climate Action Plan within six months, direct NMED to require reductions of &#8220;New Mexico&#8217;s total in-boundary and embedded CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">&#32;emission at least eight percent per year beginning in 2018,&#8221; and mandate NMED to adopt a carbon budget by the end of 2018 to meet the following reduction targets for NM CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">: 10% below 1990 levels by 2020; 68% below 1990 levels by 2030; and 91% below 1990 levels by 2050.  The petition was denied.</font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">International Accords</font></div><div style="line-height:115%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The United Nations Framework Convention on Climate Change (&#8220;UNFCCC&#8221;) is an international environmental treaty that was negotiated at the 1992 United Nations Conference on Environment and Development (informally known as the Earth Summit) and entered into force in March 1994.&#160; The objective of the treaty is to &#8220;stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system.&#8221;&#160; Parties to the UNFCCC, including the United States, have been meeting annually in Conferences of the Parties (&#8220;COP&#8221;) to assess progress in meeting the objectives of the UNFCCC.&#160; This assessment process led to the negotiation of the Kyoto Protocol in the mid-1990s.&#160; The Kyoto Protocol, which was agreed to in 1997 and established legally binding obligations for developed countries to reduce their GHG, was never ratified by the United States.&#160; PNM monitors the proceedings of the UNFCCC, including the annual COP meetings, to determine potential impacts to its business activities.&#160; At the COP meeting in 2011, participating nations, including the United States, agreed to negotiate by 2015 an international agreement involving commitments by all nations to begin reducing carbon emissions by 2020.&#160; On December 12, 2015, the Paris Agreement was finalized during the 2015 COP.  The agreement, which was agreed to by more than 190 nations, requires that countries submit Nationally Determined Contributions (&#8220;NDCs&#8221;).  NDCs reflect national targets and actions that arise out of national policies, and elements relating to oversight, guidance and coordination of actions to reduce emissions by all countries.&#160; In November 2014, former President Obama announced the United States&#8217; commitment to reduce GHG, on an economy-wide basis, by 26%-28% from 2005 levels by the year 2025.  The United States NDC is part of an overall effort by the Obama Administration to have the United States achieve economy-wide reductions of around 80% by 2050.&#160; The former administration&#8217;s GHG reduction target for the electric utility industry is a key element of its NDC and is based on EPA&#8217;s final GHG regulations for new, existing, and modified and reconstructed sources.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The United States was one of 189 nations that offered intended NDCs. &#160;Thresholds for the number of countries necessary to ratify or accede to the Paris Agreement and total global GHG percentage were achieved on October 5, 2016, and the Paris Agreement entered into force on November 4, 2016.  To date, 168 countries have ratified the Paris Agreement.&#160; On June 1, 2017, President Trump announced that the United States would withdraw from the Paris Agreement.  In his public statement, he indicated that the United States would "begin negotiations to reenter either the Paris Accord or a....new transaction on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers."  To date there have been no specific details as to how this will be accomplished. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will continue to monitor the United States&#8217; involvement in international accords and believes that implementation of the BART plan for SJGS (Note 11), as well as the potential exit from the remaining SJGS units and Four Corners as discussed in Note 12 should provide a significant step for New Mexico to comply with the Clean Power Plan, or other GHG reduction requirements, should they prevail.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Assessment of Legislative/Regulatory Impacts</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has assessed, and continues to assess, the impacts of climate change legislation or regulation on its business.&#160; This assessment is ongoing and future changes arising out of the legislative or regulatory process could impact the assessment significantly.&#160; PNM&#8217;s assessment includes assumptions regarding specific GHG limits; the timing of implementation of these limits; the possibility of a market-based trading program, including the associated costs and the availability of emission credits or allowances; the development of emission reduction and/or renewable energy technologies; and provisions for cost containment.  Moreover, the assessment assumes various market reactions such as the price of coal and gas and regional plant economics.&#160; These assumptions are, at best, preliminary and speculative.  However, based upon these assumptions, the enactment of climate change legislation or regulation could, among other things, result in significant compliance costs, including large capital expenditures by PNM, and could jeopardize the economic viability of certain generating facilities.  See Notes 11 and 12.&#160; In turn, these consequences could lead to increased costs to customers and affect results of operations, cash flows, and financial condition if the incurred costs are not fully recovered through regulated rates.  Higher rates could also contribute to reduced usage of electricity.&#160; PNM&#8217;s assessment process is too preliminary and speculative at this time for a meaningful prediction of financial impact.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;122</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Transmission Issues </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;At any given time, FERC has various notices of inquiry and rulemaking dockets related to transmission issues pending.  Such actions may lead to changes in FERC administrative rules or ratemaking policy, but have no time frame in which action must be taken or a docket closed with no further action.  Further, such notices and rulemaking dockets do not apply strictly to PNM, but will have industry-wide effects in that they will apply to all FERC-regulated entities.  PNM monitors and often submits comments taking a position in such notices and rulemaking dockets or may join in larger group responses.  PNM often cannot determine the full impact of a proposed rule and policy change until the final determination is made by FERC and PNM is unable to predict the outcome of these matters.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 24, 2009, FERC issued Order 729 approving two Modeling, Data, and Analysis Reliability Standards (&#8220;Reliability Standards&#8221;) submitted by NERC &#8211; MOD-001-1 (Available Transmission System Capability) and MOD-029-1 (Rated System Path Methodology).  Both MOD-001-1 and MOD-029-1 require a consistent approach, provided for in the Reliability Standards, to measuring the total transmission capability (&#8220;TTC&#8221;) of a transmission path.  The TTC level established using the two Reliability Standards could result in a reduction in the available transmission capacity currently used by PNM to deliver generation resources necessary for its jurisdictional load and for fulfilling its obligations to third-party users of the PNM transmission system.   </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the first quarter of 2011, at the request of PNM and other southwestern utilities, NERC advised all transmission owners and transmission service providers that the implementation of portions of the MOD-029 methodology for &#8220;Flow Limited&#8221; paths has been delayed until such time as a modification to the standard can be developed that will mitigate the technical concerns identified by the transmission owners and transmission service providers.  PNM and other western utilities filed a Standards Action Request with NERC in the second quarter of 2012.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NERC initiated an informal development process to address directives in Order 729 to modify certain aspects of the MOD standards, including MOD-001 and MOD-029.  The modifications to this standard would retire MOD-029 and require each transmission operator to determine and develop methodology for TTC values for MOD-001.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A final ballot for MOD-001-2 concluded on December 20, 2013 and received sufficient affirmative votes for approval.  On February 10, 2014, NERC filed with FERC a petition for approval of MOD-001-2 and retirement of reliability standards MOD-001-1a, MOD-004-1, MOD-008-1, MOD-028-2, MOD-029-1a, and MOD-030-2.  On June 19, 2014, FERC issued a NOPR to approve a new reliability standard.  The MOD-001-2 standard will become effective on the first day of the calendar quarter that is 18 months after the date the standard is approved by FERC.  MOD-001-2 will replace multiple existing reliability standards and will remove the risk of reduced TTC for PNM and other western utilities. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Reform Legislation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Dodd-Frank Wall Street Reform and Consumer Protection Act (&#8220;Dodd-Frank Reform Act&#8221;), enacted in July 2010, includes provisions that will require certain over-the-counter derivatives, or swaps, to be centrally cleared and executed through an exchange or other approved trading facility.  It also includes provisions related to swap transaction reporting and record keeping and may impose margin requirements on swaps that are not centrally cleared.  The United States Commodity Futures Trading Commission (&#8220;CFTC&#8221;) has published final rules defining several key terms related to the act and has set compliance dates for various types of market participants.  The Dodd-Frank Reform Act provides exemptions from certain requirements, including an exception to the mandatory clearing and swap facility execution requirements for commercial end-users that use swaps to hedge or mitigate commercial risk. &#160;PNM has elected the end-user exception to the mandatory clearing requirement.  PNM expects to be in compliance with the Dodd-Frank Reform Act and related rules within the time frames required by the CFTC.  However, as a result of implementing and complying with the Dodd-Frank Reform Act and related rules, PNM&#8217;s swap activities could be subject to increased costs, including from higher margin requirements.  The Trump Administration has indicated that the provisions of the Dodd-Frank Reform Act will be reviewed and certain regulations may be rolled back, but no formal action has been taken.  At this time, PNM cannot predict the ultimate impact the Dodd-Frank Reform Act may have on PNM&#8217;s financial condition, results of operations, cash flows, or liquidity. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Matters</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Notes 11 and 12 herein and Notes 16 and 17 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K for a discussion of commitments and contingencies and rate and regulatory matters.  See Note 1 for a discussion of accounting pronouncements that have been issued, but are not yet effective and have not been adopted by the Company.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;123</font></div></div><hr style="page-break-after:always"><div><a name="sF3DE2A3FF4F3569F8505E7FF7D6A7749"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CRITICAL ACCOUNTING POLICIES AND ESTIMATES</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires Company management to select and apply accounting policies that best provide the framework to report the results of operations and financial position for PNMR, PNM, and TNMP.  The selection and application of those policies requires management to make difficult, subjective, and/or complex judgments concerning reported amounts of revenue and expenses during the reporting period and the reported amounts of assets and liabilities at the date of the financial statements.  As a result, there exists the likelihood that materially different amounts would be reported under different conditions or using different assumptions.  </font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, there have been no significant changes with regard to the critical accounting policies disclosed in PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Forms 10-K.  The policies disclosed included unbilled revenues, regulatory accounting, impairments, decommissioning and reclamation costs, pension and other postretirement benefits, accounting for contingencies, income taxes, and market risk.  </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sCAD792629CF7A5CED79BE7FF7D6BD330"></a></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">MD&amp;A FOR PNM </font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESULTS OF OPERATIONS </font></div><div style="line-height:100%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM operates in only one reportable segment, as presented above in Results of Operations for PNMR. </font></div><div style="line-height:100%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s2E9DE951905049EED9C2E7FF7D713608"></a></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">MD&amp;A FOR TNMP</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RESULTS OF OPERATIONS </font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP operates in only one reportable segment, as presented above in Results of Operations for PNMR. </font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sA0BBE308F9E15256D726E7FF7DA34FF0"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DISCLOSURE REGARDING FORWARD LOOKING STATEMENTS</font></div><div style="line-height:100%;text-align:justify;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Statements made in this filing that relate to future events or PNMR&#8217;s, PNM&#8217;s, or TNMP&#8217;s expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995.  Readers are cautioned that all forward-looking statements are based upon current expectations and estimates.  PNMR, PNM, and TNMP assume no obligation to update this information. </font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements.  PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s business, financial condition, cash flows, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements.  These factors include: </font></div><div style="line-height:100%;text-align:justify;padding-left:84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ability of PNM and TNMP to recover costs and earn allowed returns in regulated jurisdictions, including the impacts of the NMPRC order in PNM&#8217;s NM 2015 Rate Case, appeals of that order, PNM&#8217;s NM 2016 Rate Case, PNM&#8217;s 2018 renewable procurement plan, and any actions resulting from PNM&#8217;s 2017 IRP and the impact on service levels for PNM customers if the ultimate outcomes do not provide for the recovery of costs of operating and capital expenditures, as well as other impacts of federal or state regulatory and judicial actions</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ability of the Company to successfully forecast and manage its operating and capital expenditures, including aligning expenditures with the revenue levels resulting from the ultimate outcomes in PNM&#8217;s NM 2015 Rate Case, including appeals, PNM&#8217;s NM 2016 Rate Case, and TNMP&#8217;s rate case anticipated to be filed in 2018 and supporting forecasts utilized in future test year rate proceedings</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The impacts on the electricity usage of customers and consumers due to performance of state, regional, and national economies, energy efficiency measures, weather, seasonality, alternative sources of power, and other changes in supply and demand, including the failure to maintain or replace customer contracts on favorable terms</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Uncertainty surrounding the status of PNM&#8217;s participation in jointly-owned generation projects, including the 2022 scheduled expiration of the operational and fuel supply agreements for SJGS, as well as the 2018 required NMPRC filing to determine the extent to which SJGS should continue serving PNM&#8217;s retail customers beyond mid-2022 and any actions resulting from PNM&#8217;s 2017 IRP</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Uncertainty regarding the requirements and related costs of decommissioning power plants and reclamation of coal mines supplying certain power plants, as well as the ability to recover those costs from customers, including the potential impacts of the order in the NM 2015 Rate Case, appeals of that order, the ultimate outcome of PNM&#8217;s NM 2016 Rate Case, and PNM&#8217;s 2017 IRP </font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;124</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s ability to access the financial markets in order to provide financing to repay or refinance debt as it comes due, as well as for ongoing operations and construction expenditures, including disruptions in the capital or credit markets, actions by ratings agencies, and fluctuations in interest rates, including any negative impacts that could result from the ultimate outcome in PNM&#8217;s NM 2015 Rate Case, including appeals, and PNM&#8217;s NM 2016 Rate Case </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The potential unavailability of cash from PNMR&#8217;s subsidiaries due to regulatory, statutory, or contractual restrictions or subsidiary earnings or cash flows</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State and federal regulation or legislation relating to environmental matters, the resultant costs of compliance, and other impacts on the operations and economic viability of PNM&#8217;s generating plants</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risks related to climate change, including potential financial risks resulting from climate change litigation and legislative and regulatory efforts to limit GHG, including the Clean Power Plan </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Uncertainty surrounding counterparty credit risk, including financial support provided to facilitate the coal supply and ownership restructuring at SJGS</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The performance of generating units, transmission systems, and distribution systems, which could be negatively affected by operational issues, fuel quality, unplanned outages, extreme weather conditions, terrorism, cybersecurity breaches, and other catastrophic events</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State and federal regulatory, legislative, executive, and judicial decisions and actions on ratemaking, tax, including the potential for tax reform, and other matters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Employee workforce factors, including cost control efforts and issues arising out of collective bargaining agreements and labor negotiations with union employees</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Variability of prices and volatility and liquidity in the wholesale power and natural gas markets</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in price and availability of fuel and water supplies, including the ability of the mines supplying coal to PNM&#8217;s coal-fired generating units and the companies involved in supplying nuclear fuel to provide adequate quantities of fuel </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The risks associated with completion of generation, transmission, distribution, and other projects</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Regulatory, financial, and operational risks inherent in the operation of nuclear facilities, including spent fuel disposal uncertainties</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The risk that FERC rulemakings or lack of additional capacity during peak hours may negatively impact the operation of PNM&#8217;s transmission system</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The impacts of decreases in the values of marketable securities maintained in trusts to provide for decommissioning, reclamation, pension benefits, and other postretirement benefits, including potential increased volatility resulting from international developments</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The effectiveness of risk management regarding commodity transactions and counterparty risk</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The outcome of legal proceedings, including the extent of insurance coverage</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in applicable accounting principles or policies</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any material changes to risk factors occurring after the filing of PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">&#32;Annual Reports on Form 10-K are disclosed in Item 1A, Risk Factors, in Part II of this Form 10-Q.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For information about the risks associated with the use of derivative financial instruments, see Item 3. &#8220;Quantitative and Qualitative Disclosures About Market Risk.&#8221;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s5A1180355FCC478B9D20E7FF7DC42E62"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES ACT DISCLAIMER</font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain securities described or cross-referenced in this report have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be reoffered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.  This Form 10-Q does not constitute an offer to sell or the solicitation of an offer to buy any securities. </font></div><div style="line-height:100%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s9F7C3A08A9803E107A2FE7FF7DF6BE7B"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WEBSITES</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PNMR website, </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.pnmresources.com</font><font style="font-family:inherit;font-size:10pt;">, is an important source of Company information.  New or updated information for public access is routinely posted.&#160; PNMR encourages analysts, investors, and other interested parties to register on the website to automatically receive Company information by e-mail.  This information includes news releases, notices of webcasts, and filings with the SEC.  Participants will not receive information that was not requested and can unsubscribe at any time.  </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;125</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our corporate Internet addresses are: </font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR: </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.pnmresources.com</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM: </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.pnm.com</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP: </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.tnmp.com</font></div></td></tr></table><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PNMR website includes a link to PNMR&#8217;s Sustainability Portal, www.pnmresources.com/about-us/sustainability-portal.aspx.  This portal provides access to key sustainability information related to the operations of PNM and TNMP and reflects PNMR&#8217;s commitment to do business in an ethical, open, and transparent manner.</font></div><div style="line-height:100%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The contents of these websites are not a part of this Form 10-Q.  The SEC filings of PNMR, PNM, and TNMP, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, are accessible free of charge on the PNMR website as soon as reasonably practicable after they are filed with, or furnished to, the SEC.  These reports are also available in print upon request from PNMR free of charge.  </font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also available on the Company&#8217;s website at http://</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">www.pnmresources.com/corporate-governance.aspx</font><font style="font-family:inherit;font-size:10pt;">&#32;and in print upon request from any shareholder are PNMR&#8217;s: </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate Governance Principles</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Code of Ethics (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Do the Right Thing </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Principles of Business Conduct</font><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charters of the Audit and Ethics Committee, Nominating and Governance Committee, Compensation and Human Resources Committee, and Finance Committee</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Articles of Incorporation and Bylaws</font></div></td></tr></table><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company will post amendments to or waivers from its code of ethics (to the extent applicable to the Company&#8217;s executive officers and directors) on its website.</font></div><div style="line-height:100%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s24F8AA8C95F6391DFFE1E7FF3D51F430"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages the scope of its various forms of market risk through a comprehensive set of policies and procedures with oversight by senior level management through the RMC.  The Board&#8217;s Finance Committee sets the risk limit parameters.  The RMC has oversight over the risk control organization.  The RMC is assigned responsibility for establishing and enforcing the policies, procedures, and limits and evaluating the risks inherent in proposed transactions on an enterprise-wide basis.  The RMC&#8217;s responsibilities include:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Establishing policies regarding risk exposure levels and activities in each of the business segments</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Approving the types of derivatives entered into for hedging</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reviewing and approving hedging risk activities</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Establishing policies regarding counterparty exposure and limits</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authorizing and delegating transaction limits</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reviewing and approving controls and procedures for derivative activities</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reviewing and approving models and assumptions used to calculate mark-to-market and market risk exposure</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proposing risk limits to the Board&#8217;s Finance Committee for its approval</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226; </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reporting to the Board&#8217;s Audit and Finance Committees on these activities</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To the extent an open position exists, fluctuating commodity prices, interest rates, equity prices, and economic conditions can impact financial results and financial position, either favorably or unfavorably.  As a result, the Company cannot predict with certainty the impact that its risk management decisions may have on its businesses, operating results, or financial position.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commodity Risk</font></div><div style="line-height:115%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning accounting for derivatives and the risks associated with commodity contracts is set forth in Note 7, including a summary of the fair values of mark-to-market energy related derivative contracts included in the Condensed Consolidated Balance Sheets.  During the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and the year ended December 31, 2016, the Company had no commodity derivative instruments designated as cash flow hedging instruments.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;126</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:115%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity contracts, other than those that do not meet the definition of a derivative under GAAP and those derivatives designated as normal purchases and normal sales, are recorded at fair value on the Condensed Consolidated Balance Sheets.  The following table details the changes in the net asset or liability balance sheet position for mark-to-market energy transactions.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:461px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:328px;"></td><td style="width:9px;"></td><td style="width:51px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:51px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Economic Hedges</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sources of fair value gain (loss):</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;text-indent:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net fair value at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,576</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;text-indent:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amount realized on contracts delivered during period</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,266</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,294</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;text-indent:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in fair value</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">408</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(899</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;text-indent:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net mark-to-market change recorded in earnings</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(858</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,193</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net change recorded as regulatory assets and liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(213</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(168</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:18px;text-indent:-19px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net fair value at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,215</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table provides the maturity of the net assets (liabilities), giving an indication of when these mark-to-market amounts will settle and generate (use) cash.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value of Mark-to-Market Instruments at </font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:236px;"></td><td style="width:9px;"></td><td style="width:39px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:39px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Settlement Dates</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:21px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Economic hedges</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prices actively quoted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prices provided by other external sources</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prices based on models and other valuations</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:21px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is exposed to changes in the market prices of electricity and natural gas for the positions in its wholesale portfolio (not covered by the FPPAC).  The Company manages risks associated with these market fluctuations by utilizing various commodity instruments that may qualify as derivatives, including futures, forwards, options, and swaps.  PNM uses such instruments to hedge its exposure to changes in the market prices of electricity and natural gas.  PNM also uses such instruments under an NMPRC approved hedging plan to manage fuel and purchased power costs related to customers covered by its FPPAC.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM measures the market risk of its wholesale activities not covered by the FPPAC using a Monte Carlo VaR simulation model to report the possible loss in value from price movements.  VaR is not a measure of the potential accounting mark-to-market loss.  The quantitative risk information is limited by the parameters established in creating the model.  The Monte Carlo VaR methodology employs the following critical parameters: historical volatility estimates, market values of all contractual commitments, a three-day holding period, seasonally adjusted and cross-commodity correlation estimates, and a 95% confidence level.  The instruments being evaluated may trigger a potential loss in excess of calculated amounts if changes in commodity prices exceed the confidence level of the model used.  </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM measures VaR for the positions in its wholesale portfolio (not covered by the FPPAC).  For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;">&#32;months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the high, low, and average VaR amounts were $0.7 million, $0.1 million, and $0.4 million.  For the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the high, low, and average VaR amounts were $1.3 million, $0.3 million, and $0.6 million.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the VaR amounts for the PNM wholesale portfolio were $0.2 million and $0.6 million.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The VaR represents an estimate of the potential gains or losses that could be recognized on the Company&#8217;s portfolios, subject to market risk, given current volatility in the market, and is not necessarily indicative of actual results that may occur, since actual future gains and losses will differ from those estimated.  Actual gains and losses may differ due to fluctuations in </font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;127</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">market prices, operating exposures, and the timing thereof, as well as changes to the underlying portfolios during the year.  VaR limits were not exceeded during the nine months ended September 30, 2017 or the year ended December 31, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit Risk </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is exposed to credit risk from its retail and wholesale customers, as well as the counterparties to derivative instruments.  The Company conducts counterparty risk analysis across business segments&#160;and uses a credit management process to assess the financial conditions of counterparties.  The following table provides information related to credit exposure by the credit worthiness (credit rating) and concentration of credit risk for wholesale counterparties, all of which will mature in less than two years. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Schedule of Credit Risk Exposure</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">September&#160;30, 2017</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:487px;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:232px;"></td><td style="width:9px;"></td><td style="width:60px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:85px;"></td><td style="width:5px;"></td><td style="width:9px;"></td><td style="width:72px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Rating</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit Risk Exposure</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of Counter-parties &gt;10%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Exposure of Counter-parties &gt;10%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Dollars in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">External ratings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment grade</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,778</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-investment grade</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Split ratings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">566</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Internal ratings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment grade</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">949</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-investment grade</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,492</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,875</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,425</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:66px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The rating &#8220;Investment Grade&#8221; is for counterparties, or a guarantor, with a minimum S&amp;P rating of BBB- or Moody&#8217;s rating of Baa3.  The category &#8220;Internal Ratings &#8211; Investment Grade&#8221; includes those counterparties that are internally rated as investment grade in accordance with the guidelines established in the Company&#8217;s credit policy.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:66px;text-indent:-30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:66px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Credit Risk Exposure is the gross credit exposure, including long-term contracts (other than firm-requirements wholesale customers), forward sales, and short-term sales.  The exposure captures the amounts from receivables/payables for realized transactions, delivered and unbilled revenues, and mark-to-market gains/losses.  Gross exposures can be offset according to legally enforceable netting arrangements, but are not reduced by posted credit collateral. </font></div></td></tr></table><div style="line-height:100%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net credit risk for the Company&#8217;s largest counterparty as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;was $4.5 million.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 11, PNMR&#8217;s subsidiary, NM Capital, entered into the Westmoreland Loan to facilitate the acquisition of SJCC by WSJ, a subsidiary of Westmoreland, and PNMR has arranged for letters of credit to be issued to support the coal mining operations of SJCC.  PNMR is exposed to credit risk under these arrangements in the event of default by WSJ.  As of October 20, 2017, remaining required principal payments under the Westmoreland Loan are $9.6 million in 2017, $3.6 million in 2018, $8.6 million in 2019, $23.3 million in 2020, and $21.1 million in 2021.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;">&#32;was held in a SJCC restricted bank account that will be used solely to make the November 1, 2017 scheduled principal payment of $9.6 million and interest on the Westmoreland Loan.  In addition, the Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC.  In the event of a default by WSJ, NM Capital would have the ability to take over the mining operations, the value of which PNMR believes approximates the amount outstanding under the Westmoreland Loan.&#160; Furthermore, PNMR considers the possibility of loss under the letters of credit to be remote as discussed in Note 5.  Accordingly, PNMR does not consider its credit risk under these arrangements to be material.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments have no significant counterparty credit risk.</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;128</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate Risk </font></div><div style="line-height:100%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of the Company&#8217;s long-term debt is fixed-rate debt and does not expose earnings to a major risk of loss due to adverse changes in market interest rates.  However, the fair value of PNMR&#8217;s consolidated long-term debt instruments would increase by 1.6%, or $41.0 million, if interest rates were to decline by 50 basis points from their levels at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  In general, an increase in fair value would impact earnings and cash flows to the extent not recoverable in rates if all or a portion of debt instruments were acquired in the open market prior to their maturity.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR, PNM, and TNMP had short-term debt outstanding of $175.1 million, none, and $5.9 million under their revolving credit facilities, which allow for a maximum aggregate borrowing capacity of $300.0 million for PNMR, $400.0 million for PNM, and $75.0 million for TNMP.  PNM had no borrowings under the $50.0 million PNM New Mexico Credit Facility at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">.  The revolving credit facilities, the PNM New Mexico Credit Facility, the $150.0 million PNMR 2015 Term Loan Agreement, the $100.0 million PNMR 2016 One-Year Term Loan Agreement, the $100.0 million PNMR 2016 Two-Year Term Loan Agreement, the $200.0 million PNM 2017 Term Loan Agreement, and the $125.0 million BTMU Term Loan Agreement bear interest at variable rates.  On </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, interest rates on borrowings averaged 2.49% for the PNMR Revolving Credit Facility, 2.14% for the PNMR 2015 Term Loan Agreement, 4.06% for the BTMU Term Loan Agreement, 2.09% for the PNMR 2016 One-Year Term Loan Agreement, 2.19% for the PNMR 2016 Two-Year Term Loan Agreement, 1.97% for the PNM 2017 Term Loan Agreement, and 1.99% for the TNMP Revolving Credit Facility.  The Company is exposed to interest rate risk to the extent of future increases in variable interest rates.  However, as discussed in Note 9, PNMR has entered into hedging arrangements to effectively establish fixed interest rates on the PNMR 2015 Term Loan Agreement and $150.0 million of variable rate debt.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The investments held by PNM in trusts for decommissioning and reclamation had an estimated fair value of $306.4 million at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, of which 35.8% were fixed-rate debt securities that subject PNM to risk of loss of fair value with increases in market interest rates.  If interest rates were to increase by 50 basis points from their levels at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the decrease in the fair value of the fixed-rate securities would be 3.7%, or $4.1 million.  Due to the current funded status of the NDT and overall market performance, PNM has begun to evaluate whether to re-balance the NDT investment portfolio with a target of increasing the percentage of the investments in fixed income (debt) securities.  Such a portfolio re-balancing would be expected to increase the exposure related to interest rate risks and reduce the equity market risk referenced below.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM does not directly recover or return through rates any losses or gains on the securities, including equity investments discussed below, in the trusts for decommissioning and reclamation.  However, the overall performance of these trusts does enter into the periodic determinations of expense and funding levels, which are factored into the rate making process to the extent applicable to regulated operations.  However, as described in Note 12, the NMPRC has ruled that PNM would not be able to include future contributions made by PNM for decommissioning of PVNGS, to the extent applicable to certain capacity previously leased by PNM, in rates charged to retail customers.  PNM has appealed the NMPRC&#8217;s ruling to the NM Supreme Court.  PNM is at risk for shortfalls in funding of obligations due to investment losses, including those from the equity market risks discussed below to the extent not ultimately recovered through rates charged to customers. </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Equity Market Risk </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The investments held by PNM in trusts for decommissioning and reclamation include certain equity securities at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  These equity securities expose PNM to losses in fair value should the market values of the underlying securities decline.  Equity securities comprised 61.6% of the securities held by the trusts as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  A hypothetical 10% decrease in equity prices would reduce the fair values of these funds by $18.9 million.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;129</font></div></div><hr style="page-break-after:always"><div><a name="s32E10985F72331843784E7FF7E6D36C6"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 4. CONTROLS AND PROCEDURES</font></div><div style="line-height:100%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s45CB582D7C25CCD967F1E7FF7E6F64BB"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Evaluation of disclosure controls and procedures</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of the end of the period covered by this quarterly report, each of PNMR, PNM, and TNMP conducted an evaluation, under the supervision and with the participation of its management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934).  Based upon this evaluation, the Chief Executive Officer and the Chief Financial Officer of each of PNMR, PNM, and TNMP concluded that the disclosure controls and procedures are effective. </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Changes in internal controls over financial reporting</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There have been no changes in each of PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) during the quarter ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;that have materially affected, or are reasonably likely to materially affect, each of PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s internal control over financial reporting.</font></div><div><a name="sF64BE5FE735BC8C842F0E7FF7E9C4FD0"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PART II &#8211; OTHER INFORMATION</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s004E1FFD6611A63DDBB9E7FF7EBE6155"></a></div><div style="line-height:110%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 1.  LEGAL PROCEEDINGS</font></div><div style="line-height:110%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Notes 11 and 12 for information related to the following matters, for PNMR, PNM, and TNMP, incorporated in this item by reference.  </font></div><div style="line-height:110%;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 11</font></div><div style="line-height:110%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Clean Air Act &#8211; Regional Haze &#8211; SJGS</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Clean Air Act &#8211; Regional Haze &#8211; Four Corners &#8211; Four Corners Federal Agency Lawsuit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WEG v. OSM NEPA Lawsuit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navajo Nation Environmental Issues</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Santa Fe Generating Station</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coal Supply &#8211; Four Corners &#8211; Four Corners Coal Supply Arbitration</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Continuous Highwall Mining Royalty Rate</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PVNGS Water Supply Litigation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Juan River Adjudication</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rights-of-Way Matter</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Navajo Nations Allottee Matters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sales Tax Audits</font></div></td></tr></table><div style="line-height:110%;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 12</font></div><div style="line-height:110%;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; New Mexico General Rate Cases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; Renewable Portfolio Standard</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; Renewable Energy Rider</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; Energy Efficiency and Load Management</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; Integrated Resource Plans</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; San Juan Generating Station Units 2 and 3 Retirement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM &#8211; Advanced Metering Infrastructure Application</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP &#8211; Transmission Cost of Service Rates </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP &#8211; Energy Efficiency</font></div></td></tr></table><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sDA93117FF196D009C341E7FF7EEF85F7"></a></div><div style="line-height:110%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 1A.  RISK FACTORS </font></div><div style="line-height:110%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of the date of this report, there have been no material changes with regard to the Risk Factors disclosed in PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s Annual Reports on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:110%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sC09F019C93826F6F7414E7FF7F11B1AB"></a></div><div style="line-height:110%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;130</font></div></div><hr style="page-break-after:always"><div><a name="sC82F8D6661BD82BBAD65E7FF7F45E567"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:justify;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 6.  EXHIBITS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:73px;"></td><td style="width:86px;"></td><td style="width:522px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1108426/000110842608000181/exh3-1_112108.htm"><font style="font-family:inherit;font-size:10pt;">Articles of Incorporation of PNMR, as amended to date (incorporated by reference to Exhibit 3.1 to PNMR&#8217;s Current Report on Form 8-K filed November 21, 2008)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/81023/000110842602000043/exh311_06302002.txt"><font style="font-family:inherit;font-size:10pt;">Restated Articles of Incorporation of PNM, as amended through May 31, 2002 (incorporated by reference to Exhibit 3.1.1 to PNM&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2002)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.3</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1108426/000110842605000132/f10q_063005exh312.htm"><font style="font-family:inherit;font-size:10pt;">Articles of Incorporation of TNMP, as amended through July 7, 2005 (incorporated by reference to Exhibit 3.1.2 to TNMP&#8217;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.4</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/1108426/000110842617000043/ex31pnmrbylaws.htm"><font style="font-family:inherit;font-size:10pt;">Bylaws of PNMR, with all amendments to and including October 24, 2017 (incorporated by reference to Exhibit 3.1 to PNMR&#8217;s Current Report on Form 8-K filed October 25, 2017)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.5</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/81023/000110842602000043/exh312_06302002.txt"><font style="font-family:inherit;font-size:10pt;">Bylaws of PNM, with all amendments to and including May 31, 2002 (incorporated by reference to Exhibit 3.1.2 to PNM&#8217;s Report on Form 10-Q for the fiscal quarter ended June 30, 2002)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.6</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="http://www.sec.gov/Archives/edgar/data/22767/000002276713000002/exhibit36amendedandrestate.htm"><font style="font-family:inherit;font-size:10pt;">Bylaws of TNMP, with all amendments to and including June 18, 2013 (incorporated by reference to Exhibit 3.6 to TNMP&#8217;s Current Report on Form 8-K filed June 20, 2013)</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex101.htm"><font style="font-family:inherit;font-size:10pt;">New Exit Date Amendment Amending and Restating the Amended and Restated San Juan Project Participation Agreement made as of September 1, 2017 among PNM, Tuscon Electric Power Company, The City of Farmington, New Mexico, The Incorporated County of Los Alamos, New Mexico, and Utah Associated Municipal Power Systems</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex121.htm"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex122.htm"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.3</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex123.htm"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex311.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex312.htm"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.3</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex313.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.4</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex314.htm"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.5</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex315.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.6</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex316.htm"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex321.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer and Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32.2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex322.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer and Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32.3</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="pnm9302017ex323.htm"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer and Chief Financial Officer Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.INS</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Instance Document</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.SCH</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Taxonomy Extension Schema Document</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.CAL</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Taxonomy Extension Calculation Linkbase Document</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.DEF</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Taxonomy Extension Definition Linkbase Document</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.LAB</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Taxonomy Extension Label Linkbase Document</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101.PRE</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">XBRL Taxonomy Extension Presentation Linkbase Document</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;131</font></div></div><hr style="page-break-after:always"><div><a name="s8ECF8091145792E990C2E7FF7F830C11"></a></div><div><div style="line-height:120%;font-size:9pt;"><a style="font-family:inherit;font-size:9pt;" href="#s4999C0C95645763EC330E7FF270890C7"><font style="font-family:inherit;font-size:9pt;">Table of Contents</font></a></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:7%;"></td><td style="width:44%;"></td><td style="width:49%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC. </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TEXAS-NEW MEXICO POWER COMPANY</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrants)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Joseph D. Tarry</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Joseph D. Tarry</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, Finance and Controller</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Officer duly authorized to sign this report)</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;132</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>pnm9302017ex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s3AD78EE767E28712455A179CE94667B2"></a></div><div><div style="line-height:120%;text-align:right;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:right;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION VERSION</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NEW EXIT DATE AMENDMENT AMENDING AND RESTATING THE</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDED AND RESTATED</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SAN JUAN PROJECT PARTICIPATION AGREEMENT</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMONG</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TUCSON ELECTRIC POWER COMPANY</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE CITY OF FARMINGTON, NEW MEXICO</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE INCORPORATED COUNTY OF LOS ALAMOS, NEW MEXICO</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">September 1, 2017</font></div><div><br></div><div></div><hr style="page-break-after:always"><div><a name="s64A5B76A599DECAD2AC8179CE957B8B2"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;padding-bottom:8px;padding-top:8px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TABLE OF CONTENTS</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">SECTION</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;         </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PAGE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">I.  PARTIES AND INTRODUCTORY MATTERS</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">1</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PARTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;1&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RECITALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;2&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">3</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AGREEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;10</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">4</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EFFECTIVE DATE AND TERMINATION . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;11</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">5</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;14</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">II.  OWNERSHIP OF SAN JUAN PROJECT</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">6</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OWNERSHIPS AND TITLES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;26</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">7</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CAPITAL IMPROVEMENTS AND RETIREMENTS OF SAN JUAN </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PROJECT AND PARTICIPANTS&#8217; SOLELY OWNED FACILITIES . . . .&#160;&#160;&#160;&#160;31</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">8</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WAIVER OF RIGHT TO PARTITION . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;36</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">9</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">BINDING COVENANTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;37</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">10</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">MORTGAGE AND TRANSFER OF PARTICIPANTS&#8217; INTERESTS  . . .&#160;&#160;&#160;&#160;39</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">11</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF FIRST REFUSAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;42</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">12</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF PNM AND TEP IN WATER AND COAL . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;47</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">13</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SEVERANCE OF IMPROVEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;48</font></div></td></tr></table><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">III.  ENTITLEMENTS TO OUTPUT OF SAN JUAN PROJECT</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">14</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ENTITLEMENT TO CAPACITY AND ENERGY . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;49</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">15</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CAPACITY ALLOCATION OF SWITCHYARD FACILITIES . . . . . . . .&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;51</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">16</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">USE OF FACILITIES DURING CURTAILMENTS . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;53</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">17</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">START-UP AND AUXILIARY POWER AND ENERGY </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REQUIREMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;55</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">i</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">IV.  ADMINISTRATION</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">18</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COORDINATION COMMITTEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;56</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">19</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ENGINEERING AND OPERATING COMMITTEE . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;61</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">20</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FUELS COMMITTEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;66</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">21</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AUDITING COMMITTEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;72</font></div></td></tr></table><div style="line-height:240%;text-align:center;padding-left:60px;text-indent:-60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">V.  BUDGETS AND OPERATING EXPENSES</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">22</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATION AND MAINTENANCE EXPENSES . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;76&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">23</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FUEL COSTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;85</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">24</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNUAL BUDGETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;94</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">25</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PAYMENT OF TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;95</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">26</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">MATERIALS AND SUPPLIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;96</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">27</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EMERGENCY SPARE PARTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;98</font></div></td></tr></table><div style="line-height:240%;text-align:center;padding-left:60px;text-indent:-60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">VI.  OPERATING AGENT</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">28</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATION AND MAINTENANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;99</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">29</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATING EMERGENCY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;105</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">30</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PAYMENT OF EXPENSES BY PARTICIPANTS . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;107&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">31</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATING INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;110&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">32</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SURPLUS OR RETIRED PROPERTY . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;114</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">33</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REMOVAL OF OPERATING AGENT . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;.&#160;&#160;&#160;&#160;115</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">34</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEFAULTS BY OPERATING AGENT . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; .&#160;&#160;&#160;&#160;117</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">35</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEFAULTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; .&#160;&#160;&#160;&#160;119</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">36</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LIABILITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . &#160;&#160;&#160;&#160;126</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ii</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">37</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARBITRATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;131</font></div></td></tr></table><div style="line-height:240%;text-align:center;padding-left:60px;text-indent:-60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">VIII.  RETIREMENT AND RECONSTRUCTION</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">38</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DESTRUCTION, DAMAGE OR CONDEMNATION OF A UNIT. . . . . .&#160;&#160;&#160;&#160;135</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">39</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF PARTICIPANTS UPON TERMINATION . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;137</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">40</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DECOMMISSIONING OF THE PROJECT . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . .&#160;&#160;&#160;&#160;138</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">40A</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXTENSION OF TERMINATION DATE FOR LARGE CAPITAL </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">IMPROVEMENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;139</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">40B</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXTENSION OF TERMINATION DATE AND COAL SUPPLY </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AGREEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . &#160;&#160;&#160;&#160;. .&#160;&#160;&#160;&#160;142</font></div><div style="line-height:120%;text-align:justify;padding-left:60px;text-indent:-43px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;padding-left:60px;text-indent:-60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">IX.  MISCELLANEOUS PROVISIONS</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">41</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RELATIONSHIP OF PARTICIPANTS . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . .&#160;&#160;&#160;&#160;145</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">42</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOTICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . .&#160;&#160;&#160;&#160;146</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">43</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OTHER PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . .&#160;&#160;&#160;&#160;148</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">44</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION IN COUNTERPARTS . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160; . .&#160;&#160;&#160;&#160;151</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:17px;"><font style="font-family:inherit;font-size:12pt;">45</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMENDMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .&#160;&#160;&#160;&#160;152</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:60px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT I&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Real Property </font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT III&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Switchyard Facilities</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ownership of Equipment</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;O&amp;M of Equipment</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT VI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A&amp;G Expenses</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT VII&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:120%;text-align:left;padding-left:60px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT VIII&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Adjustment of Voting Requirements</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">iii</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s483FBA19905AA545E1A6179CE97CFFFA"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><a name="sB1D895C44C87D3B6489D179CE9B1EFCC"></a></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART I</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PARTIES AND INTRODUCTORY MATTERS</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">1.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PARTIES:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The parties to this New Exit Date Amendment Amending and Restating the Amended and Restated San Juan Project Participation Agreement (&#8220;Agreement&#8221;) are:  PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corporation (&#8220;PNM&#8221;); TUCSON ELECTRIC POWER COMPANY, an Arizona corporation (&#8220;TEP&#8221;); THE CITY OF FARMINGTON, NEW MEXICO, an incorporated municipality and a body politic and corporate, existing as a political subdivision under the constitution and laws of the State of New Mexico (&#8220;Farmington&#8221;); THE INCORPORATED COUNTY OF LOS ALAMOS, NEW MEXICO, a body politic and corporate, existing as a political subdivision under the constitution and laws of the State of New Mexico (&#8220;LAC&#8221;); and UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS, a political subdivision of the State of Utah (&#8220;UAMPS&#8221;).  As of the effective date hereof, the parties are the participants in the San Juan Project, and are hereinafter sometimes referred to individually as a &#8220;Participant&#8221; and collectively as &#8220;Participants.&#8221;   &#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">2.0</font><font style="font-family:inherit;font-size:12pt;">RECITALS:  This Agreement is made with reference to the following facts, among others: </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM is an electric utility engaged in the generation, transmission and distribution of electric power and energy in a part of the State of New Mexico.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP is an electric utility engaged in the generation, transmission and distribution of electric power and energy in a part of the State of Arizona. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington operates a municipal electric utility engaged in the generation, transmission and distribution of electric power and energy in a part of the State of New Mexico.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">M-S-R Public Power Agency (&#8220;M-S-R&#8221;) is a public entity engaged in the generation, transmission, purchase and sale of electric power and energy in the western United States for the benefit of its member public agencies.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC operates a municipal electric utility engaged in the generation, transmission and distribution of electric power and energy in a part of the State of New Mexico.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Southern California Public Power Authority (&#8220;SCPPA&#8221;) is a public entity created to acquire, construct, finance, operate and maintain generation and transmission projects on behalf of its members.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">City of Anaheim (&#8220;Anaheim&#8221;) operates a municipal utility in the State of California engaged in the generation, transmission and distribution of electric power.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS is a public entity created to plan, finance, develop, acquire, construct, improve, better, operate and maintain projects, or ownership interests or capacity </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">rights therein, for the generation, transmission and distribution of electric energy for the benefit of its members.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Tri-State Generation and Transmission Association, Inc. (&#8220;Tri-State&#8221;) is a cooperative corporation created pursuant to the laws of the State of Colorado.  Tri-State&#8217;s primary functions involve the generation, transmission, transformation and sale of electricity to its member distribution cooperatives.</font></div><div style="line-height:240%;text-align:justify;padding-left:42px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.9(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNMR Development and Management Corporation (&#8220;PNMR-D&#8221;) is a New Mexico corporation, a wholly owned subsidiary of PNM Resources, Inc. and an affiliate of PNM.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM and TEP each has an undivided one-half (1/2) ownership interest in the real property associated with the San Juan Project, which real property is described in Exhibit&#160;I, attached hereto and incorporated herein, and is identified therein as Parcels A through F. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM and TEP entered into the Coal Sales Agreement with San Juan Coal Company (&#8220;SJCC&#8221;), pursuant to which SJCC agreed to supply the San Juan Project with coal. PNM and TEP also entered into the Transportation Agreement with San Juan Transportation Company (&#8220;SJTC&#8221;) dated April 30, 1984, under which coal was transported from the La Plata Mine.  Subsequently, PNM and TEP entered into the Underground Coal Sales Agreement with SJCC, pursuant to which SJCC agreed to supply coal to the San Juan Project beginning January 1, 2003.  The Underground Coal Sales Agreement superseded and replaced the Coal Sales Agreement, except for certain provisions of the Coal Sales Agreement which survived through the provisions of the Coal Sales Agreement Buy Out Agreement.  The Transportation Agreement was terminated effective December 31, 2002, </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">except for certain provisions which survived through provisions of the Transportation Agreement Buy Out Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.11(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;PNM entered into a Coal Supply Agreement (&#8220;CSA&#8221;) for the supply of all the coal requirements for the San Juan Project from January 1, 2016 through June 30, 2022.  PNM also entered into a Coal Combustion Residual Disposal Agreement (&#8220;CCRDA&#8221;), for the performance of all ash disposal activities for the San Juan Project over the term of the CSA and a Reclamation Services Agreement (&#8220;RSA&#8221;), for the performance of all reclamation obligations of the mines that have supplied coal for the San Juan Project from the RSA&#8217;s effective date until the full release of all reclamation and similar bonds associated with federal and state leases, agreements and permits.  The effective date of the CSA, CCRDA and RSA was January 31, 2016.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.11(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In connection with the CSA, RSA and CCRDA becoming effective, PNM, TEP, SJCC and BHP Billiton New Mexico Coal, Inc., parent company to SJCC, terminated the UG-CSA and the CCBDA by entering into the UG-CSA Termination Agreement and the CCBDA Termination Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM contracted with the United States Department of the Interior, Bureau of Reclamation, under the Colorado River Storage Project Act to purchase 20,200 acre feet of water per year from Navajo Reservoir under Contract 14&#8209;06&#8209;400&#8209;4821 dated April&#160;11, 1968.  Said contract was amended by an amendatory contract dated September&#160;29, 1977, wherein the United States Department of the Interior, Bureau of Reclamation (i)&#160;acknowledged  PNM&#8217;s  assignment  to  TEP  of  an  undivided  one-half (1/2) interest in PNM&#8217;s rights and obligations imposed under the April&#160;11, 1968, contract; and (ii)&#160;revised the amount of water available for consumptive use by the San Juan Project from the Navajo </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reservoir from 20,200 acre feet per year to 16,200 acre feet per year.  Upon expiration of the above-referenced contract with the United States Department of the Interior, Bureau of Reclamation, on December 31, 2005, water from the Navajo Reservoir is delivered to the San Juan Project under contractual arrangements with the Jicarilla Apache Nation.  From time-to-time, contracts for surplus water supply may also be entered into by the Operating Agent for supply to the San Juan Project.  Additional water for use at the San Juan Project is based on a Grant of Authority for 8,000 acre-feet of water, dated August 18, 1980, from Utah International (predecessor in interest to SJCC) to PNM and TEP.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The San Juan Project Co-Tenancy Agreement was executed as of February 15, 1972, effective as of July 1, 1969.  The original Co-Tenancy Agreement was modified by joint action of PNM and TEP, as follows: Modification No. 1 on May 16, 1979, Modification No. 2 on December 31, 1983, Modification No. 3 on July 17, 1984, Modification No. 4 on October 25, 1984, Modification No. 5 on July 1, 1985, Modification No. 6 on April 1, 1993, Modification No. 7 on April 1, 1993, Modification No. 8 on September 15, 1993, Modification No. 9 on January 12, 1994 and Modification No. 10 on November 30, 1995 (the original of such Co-Tenancy Agreement, as amended by Modifications 1 through 10, is referred to herein as the &#8220;Co-Tenancy Agreement&#8221;).</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The San Juan Project Operating Agreement was executed as of December 21, 1973, effective as of July 1, 1969.  The original Operating Agreement was modified by joint  action  of  PNM  and  TEP,  as  follows:  Modification  No.  1  on  May 16, 1979, Modification No. 2 on December 31, 1983, Modification No. 3, on July 17, 1984, Modification No. 4 on October 25, 1984, Modification No. 5 on July 1, 1985, Modification No. 6  on  April 1, 1993,  Modification  No. 7  on  April 1, 1993, Modification No. 8 on </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">September 15, 1993, Modification No. 9 on January 12, 1994 and Modification No. 10 on November 30, 1995 (the original of such Operating Agreement, as amended by Modifications 1 through 10, is referred to herein as the &#8220;Operating Agreement&#8221;).</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A San Juan Project Construction Agreement was executed as of December 21, 1973, effective as of July 1, 1969, to govern the construction of the San Juan Project; this agreement was thereafter modified from time to time and was terminated in 1995 by action of PNM and TEP.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.16</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On May 16, 1979, TEP and PNM entered into an agreement whereby on that date TEP conveyed to PNM TEP&#8217;s 50 percent undivided ownership interest in Unit 4.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.17</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On November 17, 1981, PNM transferred an 8.475 percent undivided ownership interest in Unit 4 to Farmington.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.18</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On December 31, 1983, PNM transferred a 28.8 percent undivided ownership interest in Unit 4 to M-S-R.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On October 31, 1984, TEP transferred its 50 percent undivided ownership interest in Unit 3 to Alamito Company, which later changed its name to Century Power Company (&#8220;Century&#8221;).</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.20</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On July 1, 1985, PNM transferred a 7.2 percent undivided ownership interest in Unit 4 to LAC.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.21</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On July 1, 1993, Century transferred a 41.8 percent undivided ownership interest in Unit 3 to SCPPA.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.22</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On August 12, 1993, PNM transferred a 10.04 percent undivided ownership interest in Unit 4 to Anaheim.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.23</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On June 2, 1994, PNM transferred a 7.028 percent undivided ownership interest in Unit 4 to UAMPS.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.24</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On January 2, 1996, Century transferred an 8.2 percent undivided ownership interest in Unit 3 to Tri-State.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.25</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington, M-S-R, LAC, SCPPA, Anaheim, UAMPS and Tri-State were classified as &#8220;Unit Participants&#8221; in the San Juan Project, pursuant to the Co-Tenancy Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.26</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of April 29, 1994, PNM, TEP, Century, SCPPA, Farmington, M-S-R, LAC and Anaheim executed the San Juan Project Designated Representative Agreement, as amended and restated from time-to-time (the &#8220;DR Agreement&#8221;) to implement the requirements of the federal Clean Air Act Amendments of 1990; the DR Agreement was thereafter accepted by UAMPS and Tri-State at the time of their respective purchases of ownership interests in the San Juan Project. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.27</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of October 27, 1999, the participants entered into the San Juan Project Participation Agreement (&#8220;Original San Juan PPA&#8221;).  The purpose of the Original San Juan PPA was to amend and restate, and to replace in their entirety, the Co-Tenancy Agreement and the Operating Agreement and to set out in one instrument all of the matters previously included in the Co-Tenancy Agreement and the Operating Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.28</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As  of  March 23, 2006,  the  participants  entered  into  an  Amended  and Restated San Juan Project Participation Agreement to amend and restate the Original San Juan PPA to reflect certain amendments agreed to by the participants including, but not limited to, changes to the provisions of the Original San Juan PPA pertaining to fuel supply.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Certain changes to the Amended and Restated San Juan Project Participation Agreement were subsequently accepted by FERC for filing as PNM Rate Schedule No. 144.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.29</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants, PNMR-D and the Exiting Participants entered into the San Juan Project Restructuring Agreement (&#8220;Restructuring Agreement&#8221;) relating to the restructuring of ownership interests in the San Juan Project and the retirement of Units 2 and 3.  The Participants, PNMR-D and the Exiting Participants have also entered into the San Juan Decommissioning and Trust Funds Agreement (&#8220;Decommissioning Agreement&#8221;), which relates to decommissioning of the San Juan Project, and the Amended and Restated Mine Reclamation and Trust Funds Agreement (&#8220;Mine Reclamation Agreement&#8221;), which relates to reclamation of the San Juan Mine.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.30</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Under the terms of the Restructuring Agreement, the Exiting Participants will terminate their active involvement in the San Juan Project as of the Exit Date, and as of the Exit Date PNM will (and PNMR-D was to) acquire the San Juan Project interests of the Exiting Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.30(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;Concurrently with the execution of the Restructuring Agreement, the Participants, PNMR-D and the Exiting Participants entered into the Exit Date Amendment Amending and Restating the Amended and Restated San Juan Project Participation Agreement (&#8220;Original Exit Date Amendment&#8221;).  It was contemplated that the Original Exit Date Amendment would be filed with the FERC prior to the Exit Date but such filing will not take place.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.30(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;The Participants, PNMR-D and the Exiting Participants are parties to an Assignment, Assumption, Termination and Release Agreement under which PNMR-D has agreed to assign, and will transfer, to PNM its rights and obligations under the Restructuring </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Agreement, the Decommissioning Agreement and the Mine Reclamation Agreement.  PNMR-D will therefore no longer become a Participant in the San Juan Project or be a party to this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.30(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In light of the assignment and transfer referenced in Section 2.30(b), this Agreement is entered into to supersede and replace the Original Exit Date Amendment.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.31</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of the Exit Date the Exiting Participants will no longer be Participants in the San Juan Project or parties to this Agreement.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:90px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">3.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AGREEMENT:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Participants, for and in consideration of the mutual covenants to be by them kept and performed, agree as follows.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">4.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EFFECTIVE DATE AND TERMINATION:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in Section 4.3, this Agreement shall become effective upon the effective date established by the FERC in its order accepting this Agreement for filing; provided that, if the FERC orders a hearing to determine whether this Agreement is just and reasonable, this Agreement shall not become effective until the date when an order has been issued by the FERC determining this Agreement to be just and reasonable without changes or modifications unacceptable to the Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Following execution, PNM shall file a copy of this Agreement with the FERC in a timely manner.  In such filing, PNM shall request waiver of applicable FERC notice requirements in order to allow this Agreement to become effective as of the Exit Date, as provided for in the Restructuring Agreement.  All other Participants shall support PNM&#8217;s filing by the prompt filing of a certificate or letter of concurrence or intervention in support of the filing or shall not take any action to oppose the filing of this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Following  an  order  by  the  FERC  or  any  other  regulatory  agency  having jurisdiction, if any, the Participants shall each review such order, letter or communication to determine if the FERC or any agency having jurisdiction has changed or modified a condition or conditions, deleted a condition or conditions, or imposed a new condition or conditions with regard to this Agreement; or has conditioned its approval of this Agreement upon changes or modifications to a condition or conditions, deletion of a condition or conditions or imposition of a new condition or conditions.  The Participant receiving such order, letter or communication shall promptly provide a copy of such order, letter or communication to the other Participants.  Within fifteen (15) business days after receipt by the other Participants of the copy of the order, letter or communication, the Participants shall </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">indicate to each other in writing their acceptance or rejection of this Agreement based upon any changes, modifications, deletions or new conditions required by the FERC or any agency having jurisdiction.  A failure to notify within said fifteen (15) day period shall be the equivalent to a notification of acceptance.  If any Participant rejects this Agreement because the FERC or any agency having jurisdiction has modified a condition, deleted a condition or imposed a new condition in this Agreement, or has conditioned its approval on such a change, modification, deletion or new condition, the Participants will be deemed to have rejected this Agreement and they shall attempt, in good faith, to renegotiate the terms and conditions of this Agreement to resolve such changed, modified, deleted or new condition to the satisfaction of the Participants within one hundred twenty (120) days after the date of such order, letter or communication and thereafter to obtain requisite regulatory approval of such renegotiated agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">This Agreement shall continue in force and effect until July 1, 2022, unless otherwise agreed in writing by the Participants or as provided for in Sections 40A or 40B. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Exiting Participants agree to the amendment of the Amended and Restated San Juan Project Participation Agreement as provided in this Agreement to effectuate their removal as participants in the San Juan Project as of the Exit Date.  The Participants agree to such removal and further agree that as of the Exit Date, the Exiting Participants&#8217; obligations with respect to the San Juan Project are governed solely by the Restructuring Agreement, the Mine Reclamation Agreement and the Decommissioning Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">4.6&#160;&#160;&#160;&#160;PNMR-D agrees to the amendment of the Amended and Restated San Juan Project Participation Agreement to reflect the assignment and transfer to PNM of PNMR-D&#8217;s</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">rights and obligations under the Restructuring Agreement, the Decommissioning Agreement and the Mine Reclamation Agreement and to reflect PNMR-D&#8217;s removal as a Participant. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">13</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.0</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">DEFINITIONS:  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following terms, when used herein with initial capitalization, and whether in the singular or the plural, shall have the meaning specified:</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">ACCOUNTING PRACTICE:  Generally accepted accounting principles in accordance with FERC Accounts applicable to electric utility operations.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">AGREEMENT:  This New Exit Date Amendment Amending and Restating the Amended and Restated San Juan Project Participation Agreement, including all exhibits and attachments hereto, and as may be modified or amended from time to time.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">AUDITING COMMITTEE:  A committee which is described in Section 21.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">AVAILABLE OPERATING CAPACITY:  The maximum net electrical capacity of each installed and operating Unit which is available at any given time to the Participants at the 345&#160;kV buses.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:14pt;"><font style="font-family:inherit;font-size:12pt;">5.4(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">AVAILABLE PRE-EXISTING STOCKPILE TONS</font><font style="font-family:inherit;font-size:14pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;">has the meaning provided for in Section 12.1(C)(1) of the CSA.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CAPACITY:  Electrical rating expressed in megawatts (&#8220;MW&#8221;).</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CAPITAL IMPROVEMENTS: Any property, land or land rights added to the San Juan Project or the substitution, replacement, enlargement or improvement of any Units of Property, structures, facilities, equipment, property, land or land rights constituting a part of the San Juan Project, which in accordance with Accounting Practice would be capitalized, and also including the costs of removal, salvage or disposal of any Units of Property being replaced or substituted.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CBI means capital budget item.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CCBDA means the Coal Combustion Byproducts Disposal Agreement between PNM, TEP and SJCC, which was terminated by the CCBDA Termination Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CCBDA TERMINATION AGREEMENT means the Coal Combustion Byproducts Disposal Agreement Termination and Mutual Release Agreement between SJCC, BHP Billiton, PNM and TEP.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CCR means ash and gypsum byproducts produced by the San Juan Project.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.6(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CCRDA means the Coal Combustion Residuals Disposal Agreement entered into between PNM and Westmoreland Coal Company with an effective date of January 31, 2016.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">COAL SALES AGREEMENT:  Agreement between PNM, TEP and SJCC executed on August&#160;18, 1980, as amended or modified from time to time and which was replaced by the Underground Coal Sales Agreement.  However, certain provisions of the Coal Sales Agreement survive through the provisions of the Coal Sales Agreement Buy Out Agreement dated August 31, 2001. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">COAL SALES AGREEMENT BUY OUT AGREEMENT: Agreement between PNM, TEP and SJCC executed on August&#160;31, 2001, as may be amended or modified from time to time.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.8(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">COAL TONNAGE COMPONENT means coal tonnage categories as defined in the CSA and comprised of Pre-existing Stockpile Coal, Force Majeure Tons, Available Pre-existing Stockpile Tons, Tier 1 Tons and Tier 2 Tons.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">COMMON PARTICIPATION SHARE: Each Participant&#8217;s percentage ownership interest as set forth in Section&#160;6.2.6.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CONTROL AREA:  An area comprised of an electric system or systems bounded by interconnection metering and telemetry, capable of controlling generation to maintain its interchange schedules with other control areas while maintaining frequency regulation of the interconnection.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">COORDINATION COMMITTEE:  A committee which is described in Section&#160;18.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CO-TENANCY AGREEMENT:  The agreement described in Section 2.13.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.12(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;CSA means the Coal Supply Agreement entered into between PNM and Westmoreland Coal Company with an effective date of January 31, 2016, as may be amended or replaced.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.12(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;DECOMMISSIONING AGREEMENT means the San Juan Project Decommissioning and Trust Funds Agreement among the Participants, PNMR-D and the Exiting Participants executed concurrently with the Restructuring Agreement and effective on the Exit Date.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;DR AGREEMENT:  The agreement described in Section 2.26, as amended from time to time. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">EMERGENCY COAL STORAGE PILE:  The coal storage pile for the San Juan Project, sometimes referred to as the &#8220;minimum coal storage pile,&#8221; or as the &#8220;force majeure pile,&#8221; which is to be drawn upon when fuel deliveries are interrupted.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">EMERGENCY SPARE PARTS:  Spare parts or auxiliary equipment, the cost of which is capitalized, which are stocked for emergency use for the San Juan Project and which are not scheduled for periodic replacement.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.16</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">ENERGY:  The accumulated amount of power produced over a stated time interval, expressed in kilowatt hours (&#8220;kWh&#8221;) or megawatt hours (&#8220;MWh&#8221;).  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.17</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">ENGINEERING AND OPERATING COMMITTEE:  A committee which is described in Section 19. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.17(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">EXIT DATE means the date upon which the Exiting Participants transfer all of their respective rights, titles and interests in and to their Ownership Interests to PNM, as provided in the Restructuring Agreement and in the Assignment, Assumption, Termination and Release Agreement, and terminate their active involvement in the operation of the SJGS, except as expressly provided for in the Restructuring Agreement, the Mine Reclamation Agreement and the Decommissioning Agreement; the Exit Date will be on or about December 31, 2017.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.17(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">EXITING PARTICIPANTS means those entities that will transfer all of their respective rights, titles and interests in and to their Ownership Interests to PNM on the Exit Date and terminate their active involvement in the operation of SJGS on the Exit Date, except as expressly provided for in the Restructuring Agreement, the Mine Reclamation Agreement and the Decommissioning Agreement; the Exiting Participants are M-S-R, Anaheim, SCPPA and Tri-State. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.18</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">FC LINE:&#160;&#160;&#160;&#160;That 345 kV transmission line between the San Juan generating station and the Four Corners generating plant.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;[Omitted]  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.20</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">FERC:&#160;&#160;&#160;&#160;The Federal Energy Regulatory Commission or any successor thereto.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.21</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">FERC ACCOUNTS:  The FERC Uniform System of Accounts prescribed for Public Utilities and Licensees (Class&#160;A and Class&#160;B).  References in this Agreement to a specific FERC account number shall mean the number in effect as of the date of this Agreement and any successor account number.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.21(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">FORCE MAJEURE TONS has the meaning provided for in Section 12.1(C)(3) of the CSA. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.22</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">FUELS COMMITTEE:  A committee which is described in Section 20.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.22(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LARGE CAPITAL IMPROVEMENT has the meaning provided for in Section 18.4.4.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.22(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LEGACY COSTS means those costs payable under Sections 8.2, 8.3 and 8.4 of the CSA.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.23</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">MATERIALS AND SUPPLIES:  Those materials and supplies, the cost of which is charged to FERC Account&#160;154, which are stocked for use in the operation and maintenance of the San Juan Project.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.23(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;MINE RECLAMATION AGREEMENT means the Amended and Restated Mine Reclamation and Trust Funds Agreement among the Participants, PNMR-D and the Exiting Participants executed concurrently with the Restructuring Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.24</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.25</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">MINIMUM NET GENERATION:  The lowest net load at which each Unit can be reliably maintained in service on a continuous basis on coal fuel.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.26</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.27</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">NET EFFECTIVE GENERATING CAPACITY:  The maximum continuous ability of each Unit to produce power, less auxiliary power requirements.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.28</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">NET ENERGY GENERATION:  The Energy generated by each Unit which is available to the respective Participants at the 345&#160;kV bus. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.29</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING ACCOUNT:&#160;&#160;&#160;&#160;The bank account(s) in the names of the Participants established by the Operating Agent pursuant to Section 28. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.30</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING AGENT:  The Participant or other entity which has been selected by the Participants as the entity responsible for the operation and maintenance of the San Juan Project pursuant to this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.31</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING AGREEMENT: The agreement described in Section 2.14.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.32</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING EMERGENCY:  An unplanned event or circumstance at the San Juan Project which reduces or may reduce the availability of Capacity or Energy from a Unit.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.33</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING FUNDS:  Monies advanced to, and disbursed by, the Operating Agent on behalf of the Participants in accordance with this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.34</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OPERATING INSURANCE:  Policies of insurance secured or to be secured and maintained in accordance with Section&#160;31.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.35</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;OPERATING WORK:  Engineering, contract preparation and administration, purchasing, repair, supervision, training, expediting, inspection, testing, protection, operation, use, management, replacement, retirement, reconstruction and maintenance of and for the benefit of the San Juan Project pursuant to this Agreement, including the administration of this Agreement, the Restructuring Agreement and of any Project Agreements, environmental compliance activities and the procurement of fuel and water and other necessary materials and supplies.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.36</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">ORIGINAL SAN JUAN PPA:  The San Juan Project Participation Agreement dated October 27, 1999. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.36(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;OWNERSHIP INTEREST means a Participant&#8217;s percentage undivided ownership interest in a Unit and in common equipment and facilities and as increased, decreased, acquired or transferred as provided in Sections 6.3 and 6.4 of the Restructuring Agreement and the Assignment, Assumption, Termination and Release Agreement, and rights incidental thereto.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.37</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PARTICIPANT:  PNM, TEP, Farmington, LAC or UAMPS.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.38</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PARTICIPANT COAL CONSUMPTION:&#160;&#160;&#160;&#160;Each Participant&#8217;s total San Juan Project coal consumption in tons as determined by the Operating Agent.  A Participant&#8217;s Coal Consumption is comprised of its share of coal consumed in its Unit(s) plus its share of coal consumed for common loads, auxiliary loads and start-up for all Units. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.39</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PARTICIPATION SHARE:  Each Participant&#8217;s percentage ownership interest in the various elements of the San Juan Project as set forth in Section&#160;6.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.39(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PRE-EXISTING STOCKPILE COAL means coal that as of the effective date of the Restructuring Agreement is stockpiled on SJCC property.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.40</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PROJECT AGREEMENTS:  Other than the Restructuring Agreement, Decommissioning Agreement and Mine Reclamation Agreement, which are not Project Agreements, Project Agreements will be this Agreement and such other agreements as are determined by the Coordination Committee to be necessary to define the rights and duties of the Participants with respect to the San Juan Project.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.41</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PROJECT COAL INVENTORY:&#160;&#160;&#160;&#160;The sum of coal in coal storage piles, silos, conveying systems, hoppers, and all other coal storage at the San Juan Project as accounted in FERC Account No. 151. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.42</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PRUDENT UTILITY PRACTICE:  Any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in the light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety and expedition.  Prudent Utility Practice is intended to be acceptable practices, methods or acts generally accepted in the industry, as such practices may be affected by special operational design characteristics of the San Juan Project, the quality and quantity of fuel delivered in accordance with the CSA or successor agreement, the rights and obligations of the Participants in accordance with this Agreement and any other special circumstances affecting the Operating Work.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.42(a) </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">REMAINING PARTICIPANTS means those Participants that will continue participation in the San Juan Project on and after the Exit Date; the Remaining Participants are PNM, TEP, Farmington, UAMPS and LAC.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.42(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;RESTRUCTURING AGREEMENT means the San Juan Project Restructuring Agreement among the Participants, PNMR-D and the Exiting Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.42(c) </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">RSA means the Reclamation Services Agreement entered into between PNM and Westmoreland Coal Company with an effective date of January 31, 2016.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.43</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160; </font><font style="font-family:inherit;font-size:12pt;">&#32;SAN    JUAN    PROJECT    or    SAN    JUAN    GENERATING    STATION    (&#8220;SJGS&#8221;): The four unit, coal-ired electric generation plant located in San Juan County,</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">New Mexico, near Farmington, New Mexico.  The San Juan Project includes all facilities, structures, transmission and distribution lines incident to the four-unit electric generating plant (only two units of which will be operational after the Exit Date).  The San Juan Project does not include distribution lines, transmission lines, equipment in the Switchyard Facilities or other facilities owned exclusively by a Participant.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.43(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">SJGS means the San Juan Generating Station.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.43(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">SJCC means San Juan Coal Company, a Delaware corporation, or its successors or assigns.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.44</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">SWITCHYARD FACILITIES:  The switchyard facilities required for the San Juan Project as shown by materials listed in Exhibit&#160;III, attached hereto and incorporated herein.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.44(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TIER 1 TONNAGE ALLOCATION means a schedule allocating Tier 1 Tons on a monthly basis based on the SJGS monthly planned coal consumption.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.44(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TIER 1 TONS means, with respect to:  (i) each of 2016 and 2017, 5.750 million tons; (ii) each of 2018 and 2019, 2.8 million tons; (iii) each of 2020 and 2021, 2.65 million tons; and (iv) in 2022, 1.4 million tons.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.44(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TIER 2 TONS means all tons delivered to and accepted by SJGS in a year in excess of Tier 1 Tons.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.45</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.46</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TRANSPORTATION AGREEMENT BUY OUT AGREEMENT: Agreement between PNM, TEP and San Juan Transportation Company (&#8220;SJTC&#8221;) executed on August&#160;31, 2001, as may be amended or modified from time to time, which terminated the Transportation Agreement with SJTC dated April 30, 1984.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.46(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UG-CSA TERMINATION AGREEMENT means the Underground Coal Sales Agreement Termination and Mutual Release Agreement among PNM, TEP, SJCC and BHP Billiton New Mexico Coal.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.47</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNDERGROUND COAL SALES AGREEMENT:  Agreement between PNM, TEP and SJCC executed on August 31, 2001, as amended or modified, which was terminated by the UG-CSA Termination Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.48</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNIT:  Unit 1, Unit 2, Unit 3 or Unit 4.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.49</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNIT 1:  The second operating unit of the San Juan Project, which was placed in commercial service on December 31, 1976 and which presently has a net capacity rating of 340 MW. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.50</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNIT 2:  The first operating unit of the San Juan Project, which was placed in commercial service on November 30, 1973 and which has been retired from service. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.51</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNIT 3:  The third operating unit of the San Juan Project, which was placed in commercial service on December 31, 1979 and which has been retired from service. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.52</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNIT 4:  The fourth operating unit of the San Juan Project, which was placed in commercial service on April 27, 1982 and which presently has a net capacity rating of 507 MW. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.53</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UNITS OF PROPERTY:   Property as described in the FERC&#8217;s list of units of property for use in connection with the Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject to the Provisions of the Federal Power Act, contained in 18 CFR Part 116, in effect on the effective date of this Agreement, as thereafter modified or amended.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.54</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.55</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;[Omitted] </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.56</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WATER CONTRACT(S):  The applicable contract or contracts under which water is delivered to the San Juan Project, as more fully described in Section 2.12.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WILLFUL ACTION:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Action taken or not taken by a Participant (or the Operating Agent), at the direction of its directors, members of its governing body, officers or employees having management or administrative responsibility affecting its performance under a Project Agreement, which action is knowingly or intentionally taken or not taken with conscious indifference to the consequences thereof or with intent that injury or damage would probably result therefrom; or  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Action taken or not taken by a Participant (or the Operating Agent) at the direction of its directors, members of its governing body, officers or employees having management or administrative responsibility affecting its performance under a Project Agreement, which action has been determined by final arbitration award or final judgment or judicial decree to be a material default under a Project Agreement and which action occurs or continues beyond the time specified in such arbitration award or judgment or judicial decree for curing such default, or if no time to cure is specified therein, occurs or continues beyond a reasonable time to cure such default; or  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Action taken or not taken by a Participant (or the Operating Agent), at  the  direction  of  its  directors,  members  of  its  governing  body,  officers  or  employees   having   management   or   administrative   responsibility   affecting   its  performance under a Project Agreement, which action is knowingly or intentionally </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">24</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">taken or not taken with the knowledge that such action taken or not taken is a material default under a Project Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The phrase &#8220;employees having management or administrative responsibility,&#8221; as used in this Section 5.57, means employees of a Participant who are responsible for one or more of the executive functions of planning, organizing, coordinating, directing, controlling and supervising such Participant&#8217;s performance under a Project Agreement; provided however, that, with respect to employees of the Operating Agent acting in its capacity as such and not in its capacity as a Participant, such phrase shall refer only to (i) the senior employee of the Operating Agent on duty at the San Juan Project who is responsible for the operation of the Units, and (ii) anyone in the organizational structure of the Operating Agent between such senior employee and an officer.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.57.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Willful Action does not include any act or failure to act which is merely involuntary, accidental or negligent.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART II</font></div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OWNERSHIP OF SAN JUAN PROJECT</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.0</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">OWNERSHIPS AND TITLES:  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM and TEP, respectively, each has an undivided one-half (1/2) ownership interest in the real property interests described in Exhibit I as Parcels A through F.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Unless otherwise provided in Exhibit IV, the Units and other facilities of the San Juan Project and Capital Improvements shall be owned and title held by the Participants in the following percentages:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For Units&#160;1 and 2 and for all equipment and facilities directly related to Units&#160;1 and 2 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.3&#160;&#160;&#160;&#160;[Omitted]&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.4&#160;&#160;&#160;&#160;Farmington: &#160;&#160;&#160;&#160; 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.5&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.6&#160;&#160;&#160;&#160;LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.7&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.1.9&#160;&#160;&#160;&#160;UAMPS:  &#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2&#160;&#160;&#160;&#160;For Unit 3 and for all equipment and facilities directly related to Unit 3 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.2.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS: &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For Unit 4 and for all equipment and facilities directly related to Unit 4 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 77.297 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;  0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;  8.475 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;  7.20 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.3.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS:  &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;7.028 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For equipment and facilities common to Units&#160;1 and 2 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.4.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For equipment and facilities common to Units&#160;3 and 4 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;77.297 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;  0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;  8.475 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;  7.200 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.5.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS:  &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;7.028 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For equipment and facilities common to all of the Units&#160;in accordance with the following percentages: </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;66.344 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;20.068 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;5.076 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4.309 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.6.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4.203 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">San Juan Project equipment and facilities not included in Sections&#160;6.2.1 through 6.2.6 which were in service as of May 16, 1979, remain in individual one-half (1/2) ownership, with each of PNM and TEP retaining title to an equal undivided one-half (1/2) interest therein; provided, however, that subsequent to the in-service date of Unit&#160;4, PNM, on behalf of itself and the Participants to which PNM conveyed ownership interests and generation entitlements in the San Juan Project, shall have the right to use sixty-five&#160;percent (65%), and TEP, on behalf of itself and the Participants which succeeded to TEP-conveyed ownership interests and generation entitlements in the San Juan Project, shall have the right to use thirty-five&#160;percent (35%) of the real property associated with the San Juan Project, the water, the then existing oil for ignition and flame stabilization, and the use of the 345&#160;kV switchyard capacity up to the combined installed capacity of Units&#160;1, 2, 3 and 4, except as otherwise provided in Section&#160;7, and except that, subject to Section 15.2.3, PNM and TEP shall each be entitled to use 50&#160;percent (50%) of switchyard capacity in excess of the combined installed capacity of Units&#160;1, 2, 3 and 4 for the San Juan Project.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Exhibit&#160;IV (a through h), attached hereto and incorporated herein, is a partial list of equipment and facilities of the San Juan Project and reflects the Participants&#8217; ownership interests therein.  This exhibit is to provide the Engineering and Operating Committee, the Auditing Committee, the Fuels Committee and the Coordination Committee with guidelines for carrying out their duties under this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In areas where ownership of equipment and facilities is not clearly defined by Sections&#160;6.2.1 to 6.2.7, the Engineering and Operating Committee shall make a determination of such ownership in accordance with Section 19.  Disputes arising from such determination shall be resolved by the Coordination Committee in accordance with Section 18.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.2.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Materials and Supplies shall be owned by the Participants in proportion to their respective current investments in the Materials and Supplies.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Upon the effective date of this Agreement, the Emergency Coal Storage Pile shall be owned as follows: </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM: &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;73.297 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;19.8 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington:  &#160;&#160;&#160;&#160;2.559 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC:  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2.175 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.3.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS:  &#160;&#160;&#160;&#160;2.169 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that a Participant transfers or assigns any of its rights, titles or interests in and to the San Juan Project in accordance with the terms and conditions of this Agreement, the Participants (including the transferee or assignee of a Participant) shall </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">jointly make, execute and deliver a supplement to this Agreement in recordable form which shall describe with particularity and in detail the rights, titles and interests of each Participant following such transfer or assignment.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM and TEP own as tenants in common the Switchyard Facilities described in Exhibit&#160;III in equal, undivided one-half (1/2) interests.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.0</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">CAPITAL IMPROVEMENTS AND RETIREMENTS OF SAN JUAN PROJECT AND PARTICIPANTS&#8217; SOLELY OWNED FACILITIES:   </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants recognize that from time to time it may be necessary or desirable to make Capital Improvements to and retirements of facilities comprising the San Juan Project.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any such Capital Improvements and retirements shall be noted by an appropriate revision in or supplement to the appropriate exhibits hereto attached.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The rights, titles and interests, including Participation Shares, of a Participant in and to any Capital Improvements shall be as provided for the respective classes of property described in Section&#160;6.  The Participants shall be obligated for the costs of such Capital Improvements in the same percentages as their Participation Shares.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All Capital Improvements, and a contingency allowance for capital expenditures necessitated by an Operating Emergency or otherwise deemed justifiable by the Operating Agent, shall be included in the annual capital expenditures budget.  The Engineering and Operating Committee may authorize Capital Improvements not included in the annual capital expenditures budget; provided, that such Capital Improvements shall not exceed the sum of five hundred thousand dollars ($500,000) for each such Capital Improvement, unless also authorized by the Coordination Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall submit to the Participants a forecast of cash requirements by months for Capital Improvements.  Said forecast will be submitted on a yearly basis after final budget approvals have been made.  A revised forecast shall be submitted when the capital expenditures budget is revised, or when significant changes in monthly expenditures from those previously forecast are anticipated.  The Operating Agent </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">shall be authorized to make additional expenditures related to Capital Improvements; provided, however, that such additional expenditures for Capital Improvements shall not exceed the sum of one hundred thousand dollars ($100,000) or cause the total expenditure limit contained in the capital expenditures budget to be exceeded, unless also authorized by the Engineering and Operating Committee, or by the Coordination Committee if the total expenditure for such Capital Improvement exceeds five hundred thousand dollars ($500,000).  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of the removal or retirement of any facilities comprising part of the San Juan Project, any proceeds realized from the salvage of such facilities shall, unless otherwise provided in the Decommissioning Agreement, be distributed to the Participants in accordance with their Participation Shares therein, or shall be applied on account of the Participant&#8217;s obligations to pay for Capital Improvements replacing facilities removed or retired.  Units of Property retired from service shall be disposed of on the best available terms as soon as practicable.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall have the right, at its own expense, to add facilities to the Switchyard Facilities, provided the Engineering and Operating Committee approves the design of such additional facilities and determines that space is available therefor, and</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">that such committee also determines that such additional facilities will not (i)&#160;infringe upon the rights of another Participant in the Switchyard Facilities, (ii)&#160;unreasonably interfere with future expansion plans at the San Juan Project, (iii)&#160;impair or interfere with the contractual rights of another Participant, or (iv)&#160;jeopardize the reliability of another Participant&#8217;s system.  The Engineering and Operating Committee shall have authority to impose conditions on a Participant allowed to make such additions in order to protect the other Participants </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">32</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">consistent with applicable rules and regulations of the FERC.  Such facilities shall be and remain the sole and exclusive property of the Participant installing same until and unless the Coordination Committee determines that such facilities are necessary and beneficial for operation of the San Juan Project as a whole.  In the event of such determination, the facilities shall be acquired as a part of the San Juan Project by the Participants and compensation shall be paid to the selling Participant by the Participants acquiring such interest based on the net book value of such facilities.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall have the right, at its own expense, to add protective relay or communication equipment to facilities solely owned by it, if the Participant determines the protective relay or communication equipment is needed for the protection of its electric system, provided the Engineering and Operating Committee approves the design of such additional equipment and determines that space is available therefor, and that such committee also determines that such additional facilities will not (i)&#160;infringe upon the rights of another Participant in the facilities, (ii)&#160;unreasonably interfere with future expansion plans at the San Juan Project, (iii)&#160;impair or interfere with the contractual rights of another Participant, or (iv)&#160;jeopardize the reliability of another Participant&#8217;s system.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">7.9&#160;&#160;&#160;&#160;Transportation and motorized equipment which is to be utilized by the Operating Agent for Operating Work may be purchased or leased by the Operating Agent upon receipt of the approval referred to in Section&#160;19.3.4.  Ownership of such purchased equipment and the purchase price thereof shall be allocated between and paid by the Participants in proportion to the percentages established in Section&#160;6.  Lease payments made by the Operating Agent for such leased equipment shall be apportioned between and paid by the Participants in accordance with Section&#160;22.1.  No allowance to the Operating Agent for </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">administrative and general expense shall be included in or added to such lease payments for transportation and motorized equipment which, in lieu of acquiring such equipment by purchase, has been leased on a long-term basis.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Upon retirement of leased transportation and motorized equipment utilized for Operating Work, an amount, which shall be treated as a charge (or credit), shall be determined by multiplying the difference between the salvage value and the unamortized balance owing to the leasing company for each piece of such equipment by a fraction, the numerator of which is the sum of the monthly lease payments for such equipment charged to Operating Work and the denominator of which is the sum of all monthly lease payments made by the Operating Agent for such equipment.  Such charge or credit shall be allocated among the Participants in accordance with the applicable percentages set forth in Section&#160;22.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Administrative and general expenses which have been incurred by the Operating Agent which are applicable to authorized Capital Improvements, shall be applied monthly to construction costs incurred during the preceding month.  A rate will be developed by the Operating Agent every three (3) years in conjunction with the administrative and general (&#8220;A&amp;G&#8221;) expenses study referenced in Attachment A to Exhibit VI.  The current methodology for calculating the A&amp;G Ratio for Capital Improvements is set forth in Exhibit VI, Attachment E.  If any Participant believes that the method used in determining the A&amp;G Ratio for Capital Improvements results in an unreasonable burden on such Participant(s), such Participant(s) may request that said method used in determining said ratio be submitted to the Auditing Committee for review in accordance with the procedures set out in Sections 22.6.1 through 22.6.4.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">34</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Excluded from the charges in Section&#160;7.11 are expenses incurred under Section&#160;36.2.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:89px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">8.0</font></div></td><td style="vertical-align:top;padding-left:6.666666666666667px;"><div style="line-height:240%;text-align:justify;font-size:12pt;text-indent:-6.666666666666667px;"><font style="font-family:inherit;font-size:12pt;">WAIVER OF RIGHT TO PARTITION:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants accept title to their respective interests in the San Juan Project, water rights, lands, land rights and improvements thereon as tenants in common, and agree that their interests therein shall be held in such tenancy in common for the duration of the term of this Agreement, including any extensions thereof.  While this Agreement, including any extensions thereof, remains in force and effect, each Participant agrees as follows:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">That it hereby waives the right to partition the San Juan Project, water rights, lands, land rights or the improvements built thereon (whether by partitionment in kind or by sale and division of the proceeds thereof), and</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">That it will not resort to any action at law or in equity to partition (in either such manner) the San Juan Project, water rights, lands, land rights or the improvements built thereon and waives the benefits of all laws that may now or hereafter authorize such partition.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">9.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">BINDING COVENANTS:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in Section&#160;9.3, all of the respective covenants and obligations of each of the Participants set forth and contained in the Project Agreements shall bind and shall be and become the respective obligations of:  </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:192px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:144px;"><font style="font-family:inherit;font-size:12pt;">9.1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Each Participant; </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All mortgagees, trustees and secured parties under all present and future mortgages, indentures and deeds of trust, and security agreements which are or may become a lien upon any of the properties of each Participant; </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All receivers, assignees for the benefit of creditors, bankruptcy trustees and referees of a Participant; </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All other persons, firms, partnerships or corporations claiming through or under any of the foregoing; and </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any successors or assigns of any of those mentioned in Sections 9.1.1  to  9.1.4,  inclusive,  and  shall  be  obligations  running  with  the  Participants&#8217; rights, titles and interests in the San Juan Project, with all of the rights, titles and interests (if any) of each Participant in, to and under this Agreement and with their rights,  titles  and  interests  in  the  water  rights,  lands,  land  rights  and  the improvements thereon.  It is the specific intention of this provision that all of such covenants and obligations shall be binding upon any party which acquires any of the rights, titles and interests of any of the Participants in the San Juan Project, in, to and under this Agreement, and/or in the water rights, lands, land rights or the improvements thereon, and that all of the above-described persons and groups shall be obligated to use such Participant&#8217;s rights, titles and interests in the San Juan </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project, in, to and under this Agreement, and in the water rights, lands, land rights and the improvements thereon, for the purpose of discharging its covenants and obligations under this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The rights, titles and interests of each Participant in the San Juan Project, its rights, titles and interests in, to and under this Agreement and its rights, titles and interests in and to the water rights, lands, land rights and improvements thereon, shall inure to the benefit of its successors and assigns. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any mortgagee, trustee or secured party, or any receiver or trustee appointed pursuant to the provisions of any present or future mortgage, deed of trust, indenture or security agreement creating a lien upon or encumbering the rights, titles or interests of any Participant in the San Juan Project, in, to and under this Agreement and/or in the water rights, lands, land rights or the improvements thereon, and any successor thereof by action of law or otherwise, and any purchaser, transferee or assignee of any thereof, shall not be obligated to pay any monies accruing on account of any of the obligations or duties of such Participant under this Agreement incurred prior to the taking of possession or the initiation of foreclosure or other remedial proceedings by such mortgagee, trustee or secured party. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that any or all of the provisions of this Section&#160;9 shall not be legally effective as to any Participant, or its mortgagees, trustees, secured parties, receivers, successors or assigns, then such Participant shall not be deemed in violation of this Section&#160;9 by reason thereof.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Nothing in this Section 9 or in this Agreement shall be deemed to change any rights, titles or interests to water rights, lands, land rights and the improvements thereon.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">10.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">MORTGAGE AND TRANSFER OF PARTICIPANTS&#8217; INTERESTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants shall have the right at any time and from time to time to mortgage, create or provide for a security interest in or convey in trust their respective rights, titles and interests in the San Juan Project, their respective rights, titles and interests in, to and under a Project Agreement and/or their rights, titles and interests in the water rights, lands, land rights or the improvements to be built thereon to a trustee or trustees under deeds of trust, mortgages or indentures, or to secured parties under a security agreement, as security for their present or future bonds or other obligations or securities, and to any successors or assigns thereof without need for the prior consent of the other Participants, and without such mortgagee, trustee or secured party assuming or becoming in any respect obligated to perform any of the obligations of the Participants.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any mortgagee, trustee or secured party under present or future deeds of trust, mortgages, indentures or security agreements of any of the Participants and any successor or assign thereof, and any receiver, referee, or trustee in bankruptcy or reorganization of any of the Participants, and any successor by action of law or otherwise, and any purchaser, transferee or assignee of any thereof may, without need for the prior consent of the other Participants, succeed to and acquire all the rights, titles and interests of such Participant in the San Juan Project, in, to and under the Project Agreements and/or the rights, titles and interests of such Participant in the water rights, lands, land rights and improvements thereon, and may take over possession of or foreclose upon said property, rights, titles and interests of such Participant.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">39</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in Sections 10.1, 10.2 or 10.4 or, with respect to a transfer or assignment by a Participant to another Participant as provided in Section 11, no Participant shall transfer or assign its respective rights, titles and interests in the San Juan Project, in, to and under this Agreement and/or in the water rights, land, land rights and the improvements thereon, without the prior written consent of the other Participants, which consent shall not be unreasonably withheld.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall have the right to transfer or assign its respective rights, titles and interests in the San Juan Project, in, to and under this Agreement and/or in the water rights, land, land rights and the improvements thereon, without the need for prior consent of the other Participants, at any time to any of the following:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To any corporation or other entity acquiring all or substantially all of the property of such Participant; or</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To any corporation or entity into which or with which such Participant may be merged or consolidated; or</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To any corporation or entity the stock or ownership of which is wholly owned by a Participant; or</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To any corporation or other entity which owns all of the outstanding common stock or other ownership interest of a Participant (its &#8220;Parent&#8221;); or</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To any corporation or other entity the common stock or other ownership interest of which is wholly owned by the Parent of a Participant.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in Sections&#160;10.1, 10.2 and 9.3, any successor to the rights, titles and interests of a Participant in the San Juan Project, to the rights, titles and interests of a Participant in, to and under the Project Agreements and/or in the water </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">rights, lands, land rights or improvements thereon shall assume and agree to fully perform and discharge all of the obligations hereunder of such Participant, and such successor shall notify the other Participants in writing of such transfer, assignment or merger, and shall furnish to the other Participants evidence of such transfer, assignment or merger.  Any such successor shall specifically agree in writing with the remaining Participants at the time of such transfer, assignment or merger that it will not transfer or assign any rights, titles and interests acquired from the assigning Participant without complying with the terms and conditions of Section&#160;11.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No Participant shall be relieved of any of its obligations and duties to the other Participants by a transfer, assignment or merger under this Section&#160;10 without the express prior written consent of the remaining Participants, which consent shall not be unreasonably withheld.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in Section&#160;10.5, any transfer, assignment or merger made pursuant to the provisions of this Section&#160;10 shall not be subject to the terms and conditions set forth and contained in Section&#160;11.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">41</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">11.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF FIRST REFUSAL: </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The purpose of this Section 11 is to set forth the manner in which all existing or future rights of first refusal, pertaining to the transfer of interests in the San Juan Project, shall be exercised.  Except as provided in Section 10, PNM has a right of first refusal with respect to the proposed transfer of any ownership interest in the San Juan Project by any Participant and TEP has a right of first refusal with respect to PNM&#8217;s proposed transfer of an interest in Unit 1 or Unit 2 and associated common property.  The existence of other rights of first refusal shall be as provided in other appropriate instruments.  Nothing in this Section 11 shall be construed to limit or expand the rights of first refusal of any Participant. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Section&#160;10, should a Participant desire to assign, transfer, convey or otherwise dispose of (hereinafter collectively referred to as &#8220;Assign&#8221;) its rights, titles and interests in the San Juan Project, or its rights, titles and interests in, to and under the Project Agreements, or its rights, titles and interests in the water rights, lands, land rights or the improvements thereon or any part thereof or interest therein (hereinafter referred to as &#8220;Transfer Interest&#8221;), to any person, company, corporation or governmental agency (hereinafter referred to as &#8220;Outside Party&#8221;), the Participant desiring to Assign shall first make an offer to sell the Transfer Interest to a Participant(s) having a right of first refusal, on the basis of the applicable amount as set out in either Section 11.2.1 or Section 11.2.2:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Where the Outside Party proposes to purchase for a specified monetary amount, from the Participant desiring to Assign, an interest only in the San Juan Project and/or in contract rights, water rights, lands, land rights and improvements associated therewith, the amount of (i) a bona fide written offer from </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">an Outside Party ready, willing and able (subject to obtaining any required regulatory approvals) to purchase the Transfer Interest; or, in the absence of a bona fide written offer, (ii) a purchase price set out in a bona fide purchase and sale agreement between the Participant desiring to Assign and an Outside Party ready, willing and able (subject to obtaining any required regulatory approvals) to purchase the Transfer Interest; or</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Where the Outside Party proposes to purchase from the Participant desiring to Assign, (i) as part of a non-monetary offer (such as in the case of an asset swap) or (ii) when a segregated value for the Transfer Interest is not available (such as in the case of a bundled or packaged sale of assets), or (iii) where the Outside Party proposes to purchase an interest not only in the San Juan Project and/or in contract rights, water rights, lands, land rights and improvements associated therewith, but also in other property of the Participant desiring to Assign, the purchase price shall be the fair market value of the Transfer Interest.  As used herein, the term &#8220;fair market value&#8221; means the amount of money which a purchaser, willing but not obligated to buy the property, will pay to an owner, willing but not obligated to sell it, taking into consideration all of the uses to which the Transfer Interest is adapted and might in reason be applied.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At least three (3) months prior to its intended date to Assign, and after its receipt of a bona fide written offer, or execution of a bona fide purchase and sale agreement, of the type described in Section&#160;11.2, the Participant desiring to Assign its Transfer Interest shall serve written notice of its intention to do so upon the Participant(s) having a right of first refusal, in accordance with Section&#160;42.  Such notice shall: (i) have attached as an exhibit </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">a copy of the bona fide offer of an Outside Party or of the bona fide purchase and sale agreement between the Outside Party and the Participant desiring to Assign (an &#8220;Outside Offer&#8221;); and (ii) shall contain a statement of the approximate proposed date to Assign. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants having the right of first refusal shall signify its (their) desire to purchase the entire Transfer Interest, or not purchase the entire Transfer Interest, by serving written notice of its (their) intention upon the Participant desiring to Assign pursuant to Section&#160;42 within sixty (60)&#160;days after such service pursuant to Section&#160;11.3 of the written notice of intention to Assign.  Failure by a Participant to serve notice as provided hereunder within the time period specified shall be conclusively deemed to be notice of its intention not to purchase the Transfer Interest.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">When intention to purchase the entire Transfer Interest has been indicated by notices duly given hereunder by the Participant(s) desiring to purchase the Transfer Interest, the affected Participants shall thereby incur the following obligations:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participant desiring to Assign and a Participant desiring to purchase the Transfer Interest shall be obligated to proceed in good faith and with diligence to obtain all required authorizations and approvals to Assign;  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participant desiring to Assign shall be obligated to obtain the release of any liens imposed by or through it upon any part of the Transfer Interest and to Assign the Transfer Interest at the earliest practicable date thereafter; and </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A Participant desiring to purchase the Transfer Interest shall be obligated to perform all terms and conditions required of it to complete the purchase of the Transfer Interest.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">44</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The purchase of the Transfer Interest shall be fully consummated within six (6) months following the date upon which all notices required to be given under this Section 11 have been duly served, unless the Participant is then diligently pursuing applications to appropriate regulatory bodies (if any) for required authorizations to effect such assignment or is then diligently prosecuting or defending appeals from orders entered or authorizations issued in connection with such applications.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the intention to purchase the entire Transfer Interest has not been indicated by notices given within the time periods specified in this Section&#160;11 by a Participant desiring to purchase the Transfer Interest, the Participant desiring to Assign shall be free to Assign all, but not less than all, of its Transfer Interest to the Outside Party that made the Outside Offer, upon the terms and conditions set forth in the Outside Offer.  If such assignment of the entire Transfer Interest to the Outside Party is not completed within three (3) years after the approximate proposed date to Assign specified in the notice given pursuant to Section&#160;11.3, the Participant desiring to Assign its Transfer Interest must, unless it is then diligently pursuing its applications to appropriate regulatory bodies (if any) for required authorizations to effect such assignment, or is then diligently prosecuting or defending appeals from orders entered or authorizations issued in connection with such applications, give another complete new right of first refusal to the Participant(s) desiring to purchase pursuant to the provisions of this Section&#160;11, before such Participant shall be free to Assign a Transfer Interest to said Outside Party.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No assignment of a Transfer Interest, whether to another Participant or to an Outside Party, shall relieve the assigning Participant from full liability and financial responsibility for performance after any such assignment:  (i) of all obligations and duties </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">45</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">incurred by such Participant prior to such assignment under the terms and conditions of the Project Agreements; and/or (ii) of all obligations and duties provided and imposed after such assignment upon such assigning Participant under the terms and conditions of the Project Agreements, unless and until the assignee shall agree in writing with the remaining Participants to assume the obligations and duties of a Participant hereunder; provided further, however, that such assignor shall not be relieved of any of its obligations and duties by an assignment under this Section&#160;11, without the express prior written consent of the remaining Participants, which consent shall not be unreasonably withheld.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any transferee, successor or assignee, or any party who may succeed to the Transfer Interest pursuant to this Section&#160;11, shall specifically agree in writing with the remaining Participants at the time of such transfer or assignment that it will not transfer or assign all or any portion of the Transfer Interest so acquired without complying with the terms and conditions of this Section&#160;11.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The provisions of Section&#160;11.8 shall not be applicable to any assignment of a Transfer Interest by one Participant to another Participant, provided that payment in full of such Transfer Interest, as defined in Section&#160;11, has been made by the Participant who is the assignee thereof.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A Participant may, for the purpose of financing its interest in pollution control systems and facilities at the San Juan Project, sell, transfer or convey such interests pursuant to the New Mexico Pollution Control Revenue Bond Act, and any such sale, transfer or conveyance shall not be deemed as an assignment, transfer, conveyance or other disposal within the meaning of this Section&#160;11.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">46</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:90px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">12.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF PNM AND TEP IN WATER AND COAL:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, pursuant to the terms and conditions of the Underground Coal Sales Agreement, or the sublease dated August&#160;18, 1980 (as amended to date and as such sublease may be amended from time to time), between Western Coal Company and Utah International, Inc. or their successors, PNM and TEP succeed to any interest in coal lands, coal leases, water rights, or other property, the rights, titles and interests of PNM and TEP therein shall be held as tenants in common, with each of PNM and TEP having an equal undivided one-half (1/2) interest therein, and such rights, titles and interests shall be subject to all the terms and conditions set forth and contained in this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">47</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">13.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SEVERANCE OF IMPROVEMENTS:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">13.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All facilities, structures, improvements, equipment and property of whatever kind and nature constructed, placed or affixed on the rights-of-way, easements, patented lands, fee lands and leased lands as part of, or as Capital Improvements, to the San Juan Project, as against all parties and persons whomsoever (including, without limitation, any party acquiring any interest in the rights-of-way, easements, patented, fee or leased lands or any interest in or lien, claim or encumbrance against any of such facilities, structures, improvements, equipment and property of whatever kind and nature) shall be deemed to be and remain personal property of the Participants, not affixed to the realty.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">48</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART III</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ENTITLEMENTS TO OUTPUT OF SAN JUAN PROJECT</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">14.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ENTITLEMENT TO CAPACITY AND ENERGY:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Subject to the provisions of Section 16, the Participants shall be entitled to the Net Effective Generating Capacity of each of Unit 1 and Unit 4 in proportion to their respective Participation Shares.  Each Participant shall be entitled to schedule its Energy up to the Available Operating Capacity. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall keep the system dispatcher of each Participant advised of the Available Operating Capacity.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">When a Participant&#8217;s request for its share of the Available Operating Capacity necessitates the operation of a Unit, each Participant shall schedule for its account not less than its share of Minimum Net Generation.  If, however, a Participant has scheduled an amount of Energy in excess of its share of the Minimum Net Generation, the other Participants shall be allowed to reduce their scheduled Energy to an amount that will maintain the Unit at the Minimum Net Generation level.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The delivery of Energy from the San Juan Project shall be scheduled by each Participant in advance with the Operating Agent and accounted for on the basis of integrated hourly actual generation, all in accordance with any operating procedures which may be established or approved by the Engineering and Operating Committee.  Such operating procedures shall provide for modifying such schedules to meet the needs of day-to-day and hour-by-hour operation, including emergencies on a Participant&#8217;s system.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall, to the extent possible, generate Energy at the San Juan Project in accordance with schedules submitted by each Participant, as such schedules </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">49</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">may be revised from time to time, as long as such schedules do not jeopardize the operation of the San Juan Project.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants shall revise their schedules in the event of an Operating Emergency or other incident beyond the control of the Operating Agent to reflect the actual Energy available from the San Juan Project during the period of the Operating Emergency or incident.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Energy generated at the San Juan Project shall be controlled within PNM&#8217;s Control Area; provided, that such control shall not diminish the rights of any Participant to receive its entitlement of Energy from the San Juan Project.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">15.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CAPACITY ALLOCATION OF SWITCHYARD FACILITIES:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The electrical capacity in the Switchyard Facilities shall be made available to PNM and TEP in the manner and in the amounts as set forth in Section 6.2.7.  For the purposes of this Agreement, the FC Line shall be considered a part of the Switchyard Facilities.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The transmission capacity of the FC Line shall be measured at the Four Corners terminal.  PNM and TEP each shall be entitled to fifty percent (50%) of the designated FC Line Capacity.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The transmission capacity of the FC Line termination and other contract matters concerning the Four Corners Project shall be handled individually by PNM and TEP.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The points of attachment to the San Juan 345&#160;kV Switchyard Facilities for the purposes of this Section&#160;15 are:  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 1:&#160;&#160;&#160;&#160;TEP/PNM No. 1 345 kV transmission line;</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 2:&#160;&#160;&#160;&#160;TEP/PNM No. 2 345 kV transmission line;</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 3:&#160;&#160;&#160;&#160;PNM/TEP Four Corners Generating Plant 345 kV switchyard (through the FC Line); </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 4:&#160;&#160;&#160;&#160;PNM&#8217;s WW 345 kV transmission line;</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 5:&#160;&#160;&#160;&#160;PNM&#8217;s OJ 345 kV transmission line;</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 6:&#160;&#160;&#160;&#160;Colorado Public Service Company/Western Area Power Administration/Tri-State Rifle 345 kV transmission line;</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">No. 7:&#160;&#160;&#160;&#160;Western Area Power Administration-Shiprock 345 kV transmission line.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">51</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants collectively shall not schedule more Power and Energy through any of the foregoing individual points of attachment than the established rating of that facility.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants&#8217; individual transmission capacity rights into or out of the Switchyard Facilities attachment points shall be the same as the ownership or contract rights of the Participant(s) in the attached facility up to the limits specified in this Section 15.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any transmission capacity in the Switchyard Facilities specified to be available in Section&#160;15.2.1 or otherwise determined to be available by the Engineering and Operating Committee, but not allocated to the individual Participants under Section&#160;15.2.2, shall be declared &#8220;excess capacity&#8221; by the Engineering and Operating Committee.  The Engineering and Operating Committee shall allocate such excess transmission capacity to PNM or TEP or such Participants having an ownership interest in the Switchyard Facilities, upon request in the amount requested for specified periods of time to the extent and for such time as the Engineering and Operating Committee finds such excess capacity to be available.&#160;</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">52</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">16.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">USE OF FACILITIES DURING CURTAILMENTS:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the Net Effective Generating Capacity of Units 1 and 4 is reduced because of factors (including, but not limited to, equipment failures, scheduled or unscheduled outages, fuel or fuel deliveries, water supply, air quality limitations) which commonly influence the total output of such Units, each Participant&#8217;s entitlement to Capacity during such period shall be reduced in proportion to the percentages specified in Section 6.2.6 during each hour of such curtailment unless otherwise specified in a separate agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If factors which influence the operation of a Unit cause a curtailment of that Unit, then the capacity entitlement from that Unit for each Participant in that Unit shall be in proportion to the Participant&#8217;s Participation Share of that Unit.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To the extent that a curtailment results from scarcity of resources and not from mechanical or legal limitations, Participants may agree in writing to modify their schedules to allocate the use of such resources to such Unit(s) or to such times as to make the most efficient use thereof, consistent with Prudent Utility Practice, during the pendency of such curtailment.  Notwithstanding the provisions of Section 23.2, the Operating Agent shall, during such curtailments, account for coal inventory on a Participant by Participant basis.  Upon the conclusion of such curtailment, the provisions of Section 23.2 shall apply to any remaining coal inventory.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Curtailment of the transmission capacity in the Switchyard Facilities shall be allocated to the Participants in the manner and in the amounts as set forth in Section 6.2.7.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">53</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No Participant shall exercise its rights relating to the San Juan Project so as to endanger or unreasonably interfere with the operation of the San Juan Project or the right of any other Participant to use its share of Capacity and Energy from the San Juan Project.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">54</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">17.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">START-UP AND AUXILIARY POWER AND ENERGY REQUIREMENTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall be obligated to provide its Participation Share of the Energy requirements to start up and operate each Unit, and such requirements shall be provided by the Participants based upon the Participant&#8217;s percentage of operating costs in accordance with Section 22.1.  Appropriate metering facilities shall be installed to assure measurement of such Energy.  Such requirements for Energy shall be scheduled in advance by the Operating Agent in accordance with operating procedures approved by the Engineering and Operating Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">55</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART IV</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ADMINISTRATION</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">18.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COORDINATION COMMITTEE:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As a means of securing effective cooperation and interchange of information and of providing consultation on a prompt and orderly basis among the Participants in connection with various administrative and technical problems which may arise from time to time under this Agreement, the Coordination Committee shall remain in existence during the term of this Agreement.  Except as otherwise expressly provided in this Agreement, the Coordination Committee shall have no authority to modify any of the provisions of this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Coordination Committee shall consist of one representative from each Participant who shall be an officer or other duly authorized representative of a Participant.  Any of the Participants may designate an alternate or substitute to act as its representative on the Coordination Committee in the absence of the regular representative on the Coordination Committee or to act on specified occasions or with respect to specified matters.  Each Participant shall notify the other Participants promptly, in writing, of the designation of its representative and alternate representative on the Coordination Committee and of any subsequent changes in such designations.  The chairperson of the Coordination Committee shall be a representative employed by the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Coordination Committee shall have the following functions and responsibilities:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Provide liaison between and among the Participants.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">56</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Exercise general supervision over the Engineering and Operating Committee, the Fuels Committee and the Auditing Committee. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Consider and act upon all matters referred to the Coordination Committee by the Engineering and Operating Committee, the Fuels Committee and the Auditing Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any action or determination of the Coordination Committee shall require a vote of the Participants in accordance with Sections 18.4.1, 18.4.2, 18.4.3 or 18.4.4.  A Participant&#8217;s Coordination Committee representative shall be entitled to vote on all matters except those actions or determinations which relate solely to a Unit or to common property in which such Participant does not have a Participation Share or as provided in Section 35.4.1.  If a Participant&#8217;s right to vote has been suspended pursuant to Section 35.4.1, the requisite majorities for actions or determinations specified in Sections 18.4.1, 18.4.2, 18.4.3 or 18.4.4 shall be adjusted in proportion to the number of Participants whose right to vote has not been suspended.  An example of such an adjustment is provided in Exhibit VIII, attached hereto and incorporated herein.  Maintenance scheduling and operation during periods of curtailment of the total San Juan Project are not matters which relate solely to a Unit, but are deemed to be matters affecting all Units.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Sections 18.4.2, 18.4.3 and 18.4.4, any actions or determinations brought before the Coordination Committee shall require the following vote:</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)&#160;&#160;&#160;&#160;More than a sixty-six and two thirds percent (66 2/3%) majority of the Participation Shares of the Participants in a Unit or common property as defined in Section 6.2; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">and</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">57</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)&#160;&#160;&#160;&#160;More than a sixty-six and two thirds percent (66 2/3%) majority of the number of individual Participants having a Participation Share in a Unit or common property as defined in Section 6.2. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any action or determination of the Coordination Committee related to common property as set forth in Section 6.2.6 and involving an expenditure greater than five million dollars ($5,000,000) shall require the following vote:</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)&#160;&#160;&#160;&#160;More than an eighty-two percent (82%) majority of the Common Participation Shares of the Participants; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">and</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)&#160;&#160;&#160;&#160;A minimum of sixty-six and two thirds percent (66 2/3%) majority of the number of the individual Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any action or determination of the Coordination Committee regarding any amendment of the CSA, replacement of the CSA with a new agreement or any interim coal pricing agreement related to the CSA (or its successor) shall require the following vote:</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)&#160;&#160;&#160;&#160;More than an eighty-two percent (82%) majority of the Common percentages of the Participants; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">and</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)&#160;&#160;&#160;&#160;A minimum of sixty-six and two thirds percent (66 2/3%) majority of the number of individual Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any action or determination of the Coordination Committee regarding individual capital projects with a cost greater than fifty million dollars ($50,000,000) (&#8220;Large Capital Improvement&#8221;) shall require unanimous approval of the representatives on the Coordination Committee.  Prior to presenting a capital budget item (&#8220;CBI&#8221;) for a Large Capital Improvement, the Operating Agent shall </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">58</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">provide timely financial analysis to the Participants justifying the proposed capital expenditure for the Large Capital Improvement.  If one or more of the Participants abstains from voting on the CBI for any Large Capital Improvement, approval of such CBI shall require the affirmative vote of all of the Participants that have voted.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Coordination Committee shall keep written minutes and records of all meetings.  Any action or determination made by the Coordination Committee shall be reduced to writing and shall become effective when signed by the representatives of the Participants entitled to vote thereon, representing a voting majority of the members of the Coordination Committee, as defined in Section 18.4; provided, however, in the event of an Operating Emergency, actions or determinations may be made on the basis of oral agreements among duly authorized representatives of the respective Participants entitled to vote thereon, and such action or determination subsequently shall be reduced to writing. Coordination Committee representatives may, by prior arrangement with the chairperson of the Coordination Committee, attend a meeting of the Coordination Committee by conference call or video conferencing.  A Coordination Committee representative who is unable to attend a meeting of the Coordination Committee may vote in absentia by delivering to the chairperson of the Coordination Committee, at least twenty-four (24) hours prior to the scheduled commencement of the meeting, a written statement, including by e-mail or facsimile, identifying the matter to be voted on and how the representative desires to vote.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except for matters subject to the voting requirements of Sections 18.4.3, 18.4.4 and 40A, in the event the Coordination Committee fails to reach agreement on any matter, which such committee is authorized to determine, approve or otherwise act upon after a reasonable opportunity to do so, then the Operating Agent shall be authorized and </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">59</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">obligated to take such reasonable and prudent action, consistent with Prudent Utility Practice, as is necessary to the successful and proper operation and maintenance of the San Juan Project, pending the resolution, by arbitration or otherwise, of any such inability or failure to agree.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Coordination Committee fails to reach agreement on a matter subject to the voting requirements of Section 18.4.3, then an impasse shall be deemed to exist and the Participant which is a signatory to the CSA then in effect shall have the obligation and the responsibility, consistent with Prudent Utility Practice, to maintain a supply of coal to the San Juan Project.&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">60</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">19.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ENGINEERING AND OPERATING COMMITTEE:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall remain in existence during the term of this Agreement.  Except as expressly provided in this Agreement, the Engineering and Operating Committee shall have no authority to modify any of the provisions of this Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall consist of up to two representatives from each Participant who shall collectively have one vote.  Any of the Participants may designate an alternate or substitute to act as its representative on the Engineering and Operating Committee in the absence of a regular representative on the Engineering and Operating Committee or to act on specified occasions or with respect to specified matters.  Each Participant shall notify the other Participants promptly, in writing, of the designation of its representatives and alternate representative on the Engineering and Operating Committee and of any subsequent change in the designation.  The chairperson of the Engineering and Operating Committee shall be a representative employed by the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall have the following functions and responsibilities:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Review and approve the following items related to the performance of Operating Work.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Capital Improvements and the annual Capital Improvements budget.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The annual staffing table.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The annual operation and maintenance budget.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">61</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Such written statements of operating or maintenance procedures as may be submitted to the Engineering and Operating Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The planned annual maintenance schedule.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The policies for establishing the Emergency Spare Parts inventory.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The policies for establishing the inventory for Materials and Supplies.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The statistical and administrative reports, budgets and information and other similar records, and the form thereof, to be kept and furnished by the Operating Agent, in accordance with Section 28.3.15 (excluding accounting records used internally by the Operating Agent for the purpose of accumulating financial and statistical data, such as books of original entry, ledgers, work papers and source documents).</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The determination of Net Effective Generating Capacity, Minimum Net Generation and Net Energy Generation of the San Juan Project, based upon recommendations of the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The principles and procedures for establishing communication channels among Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The operating procedures for performance and efficiency testing.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The operating procedures for maintaining complete and accurate Capacity and Energy accounting.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">62</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent&#8217;s estimate and analysis of the total expenditures resulting from an Operating Emergency, as provided in Section 29.7.  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.1.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The results and expenditures of programs and contracts on environmental control and data collection for which the Operating Agent has contracted.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Establish procedures for the operation of the San Juan Project during any period of curtailed operations which reduces or may reduce the Net Effective Generating Capacity.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except for an Operating Emergency, as provided in Section 29, designate a construction agent responsible for the design, construction and acquisition of Capital Improvements.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Approve the list of transportation and motorized equipment to be purchased or leased by the Operating Agent for use in the performance of Operating Work.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Perform such other functions and responsibilities as may be assigned to it from time to time by the Coordination Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">19.4&#160;&#160;&#160;&#160;Any action or determination of the Engineering and Operating Committee shall require a vote of the Participants, in the manner provided for in Sections 18.4.1 and 18.4.2.  A Participant&#8217;s Engineering and Operating Committee voting representative shall be entitled to vote on all matters except those actions or determinations which relate solely to a Unit or to common property in which such Participant does not have a Participation Share or as provided in Section 35.4.1.  If a Participant&#8217;s right to vote has been suspended pursuant to </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">63</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">Section 35.4.1, the requisite majorities for actions or determinations specified in Sections 18.4.1 and 18.4.2 shall be adjusted in proportion to the number of Participants whose right to vote has not been suspended.  An example of such an adjustment is provided in Exhibit VIII.  Maintenance scheduling and operation during periods of curtailment of the total San Juan Project are not matters which relate solely to a Unit, but are deemed to be matters affecting all Units.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall keep written minutes and records of all meetings.  Any action or determination made by the Engineering and Operating Committee shall be reduced to writing and shall become effective when signed by the representatives of the Participants entitled to vote thereon, representing a voting majority of the members of the Engineering and Operating Committee, as defined in Section 19.4; provided, however, in the event of an Operating Emergency, actions or determinations may be made on the basis of oral agreements among duly authorized representatives of the respective Participants entitled to vote thereon, and such action or determination subsequently shall be reduced to writing.  Engineering and Operating Committee representatives may, by prior arrangement with the chairperson of the Engineering and Operating Committee, attend a meeting of the Engineering and Operating Committee by conference call or video conferencing.  An Engineering and Operating Committee representative who is unable to attend a meeting of the Engineering and Operating Committee may vote in absentia by delivering to the chairperson of the Engineering and Operating Committee, at least twenty-four (24) hours prior to the scheduled commencement of the meeting, a written statement, including by e-mail or facsimile, identifying the matter to be voted on and how the representative desires to vote.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">64</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that less than a requisite majority of the Engineering and Operating Committee is obtained, the matter shall be referred to the Coordination Committee for decision upon the request of any Participant&#8217;s Engineering and Operating Committee representative.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Engineering and Operating Committee fails to reach agreement on any matter which such committee is authorized to determine, approve or otherwise act upon after a reasonable opportunity to do so, then the Operating Agent shall be authorized and obligated to take such reasonable and prudent action, consistent with Prudent Utility Practice, as is necessary to the successful and proper operation and maintenance of the San Juan Project, pending the resolution, by arbitration or otherwise, of any such inability or failure to agree.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">65</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">20.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FUELS COMMITTEE: </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As a means of establishing a centralized forum to facilitate the timely and candid consideration and discussion between all Participants of policies and issues associated with the procurement of coal for the San Juan Project, there is hereby established a Fuels Committee, which shall remain in existence during the term of this Agreement.  The Participants do not intend that the operation of the Fuels Committee shall affect the day-to-day fuels-related operational responsibilities of the Operating Agent, except as otherwise specifically provided in this Section 20.  The</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">Fuels Committee shall have no authority to modify any of the provisions of this Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Fuels Committee shall consist of one representative from each Participant.  Any of the Participants may, by written notice to the other Participants, designate an alternate or substitute to act as its representative on the Fuels Committee in the absence of the regular representative on the Fuels Committee or to act on specified occasions or with respect to specified matters.  Each Participant shall notify the other Participants promptly in writing of the designation of its representative on the Fuels Committee and of any subsequent change in such designation.  The chairperson of the Fuels Committee shall be a representative employed by the Participant that is a signatory to the CSA.  The Fuels Committee shall meet regularly, but in no event less than semiannually.  Special meetings shall be called by the chairperson if requested in writing by any three (3) Participants. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Subject to Section 20.7, the Fuels Committee shall have the following functions and responsibilities: </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To conduct studies, or cause studies to be conducted, regarding criteria  pertaining  to  the  acquisition  of  coal  supplies  and  the  negotiation  and </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">approval of coal agreements.  Such studies and recommendations may include, but are not limited to:  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Annual fuel supply budgets </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Coal cost</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Coal delivery rates and minimum take obligations</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Coal quality</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Contract terms</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Economic requirements</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Negotiation strategies</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.1.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Potential coal suppliers</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">provided, however, that prior to any such study being conducted, the Participant(s) desiring that the study be performed shall have made suitable arrangements therefor, including payment arrangements with the provider of the study.  Nothing in this Section 20.3 shall be construed to require the Operating Agent or any Participant to undertake any uncompensated or unfunded study which it would not otherwise perform. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To obtain input from all Participants regarding individual criteria and economic requirements necessary to vote on matters entrusted to the Fuels Committee or to make collective recommendations to the Coordination Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To receive progress reports from and provide recommendations to negotiators acting on behalf of Participants in the negotiation and administration of coal supply and related agreements.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">67</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To provide regular progress reports to the Engineering and Operating and to the Coordination Committees, as requested by such committees.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To establish the amount of coal to be maintained in the Emergency Coal Storage Pile.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To establish operating procedures for delivery of coal to the Emergency Coal Storage Pile.     </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To establish procedures for the determination of Participant Coal Consumption.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To perform such other functions and responsibilities as may be assigned to it from time to time by the Coordination Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The following special procedures shall apply to all negotiations or discussions with SJCC regarding amendment, interim pricing agreements, termination or succession of the CSA, related agreements, or with any other coal supplier or potential supplier.  No Fuels Committee representative or Participant shall engage in bilateral negotiations or discussions concerning coal supply or related matters for the San Juan Project with SJCC or any other coal supplier or potential supplier; provided, however, that nothing herein shall be construed to prevent the Operating Agent or the Participant which is a signatory to the CSA, in the conduct of its day-to-day operational responsibilities, from performing Operating Work, engaging in business contacts and communications with SJCC or other coal suppliers or potential</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">suppliers to the San Juan Project or in the administration of the CSA and related agreements.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participant which is a signatory to the CSA shall be entitled to have at least two (2) representatives present at any such negotiations or discussions.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">68</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participants not signatories to the CSA or its successors shall have the collective right to have two (2) representatives present at any such negotiations or discussions.  The non-signatory Participants may jointly or separately designate representatives, but in no case may the total number of representatives so designated by all of the non-signatory Participants exceed two (2).  Any dispute among the non-signatory Participants regarding the naming of representatives shall be subject to resolution pursuant to Section 37 and shall not restrict the rights of any other representatives to engage in any ongoing negotiations or discussions.  Representatives shall be designated in writing by the Participant which is a signatory to the CSA and non-signatory Participants.  If such representatives are not employees of a non-signatory Participant, such fact shall be disclosed in writing to all Participants.  Representatives shall agree in writing to: (i) avoid any conflict of interest that would be detrimental to the operation of the San Juan Project; and (ii) maintain all proprietary information obtained through such negotiations and discussions in confidence.  The form of such confidentiality agreements shall be prepared by the Fuels Committee, and shall be subject to the approval of the Participant that is a signatory to the CSA, such approval not to be unreasonably withheld.  Such confidentiality agreements shall be executed by a non-signatory Participant&#8217;s Coordination Committee representative or, as appropriate, the person authorized by such non-signatory Participant or Representative to execute such documents.  Representatives may be changed by non-signatory Participants by the giving of written notice to all other Participants.   </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">69</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Representatives shall make regular reports to, coordinate with, and obtain the recommendations of the Fuels Committee regarding the progress of and issues involved in such coal negotiations or discussions.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any proposed action or determination regarding any amendment of the CSA, replacement of the CSA with a new agreement or any interim or other annual coal pricing agreement related to the CSA (or its successor) or any other action or determination of the Fuels Committee shall be submitted to the vote of the representatives on the Fuels Committee.  Any such action or determination shall require the affirmative vote as established in Section 18.4.3, except that if a Participant&#8217;s right to vote has been suspended pursuant to Section 35.4.1, the requisite majority for actions or determinations specified in Section 18.4.3 shall be adjusted in proportion to the number of Participants whose right to vote has not been suspended.  An example of such an adjustment is provided in Exhibit VIII.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, upon such vote, the requisite votes are obtained, the Participant which is a signatory to the CSA then in effect or the Operating Agent, as applicable, shall proceed in accordance with the affirmative vote of the Fuels Committee without further action of any other San Juan Project committee. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, upon such vote, the requisite votes are not obtained, the matter giving rise to the vote shall, not later than thirty (30) days after the negative vote of the Fuels Committee, be submitted to the Coordination Committee for its vote in accordance with Section 18.4.3.  If the requisite majorities are obtained in the Coordination Committee vote, the Participant which is a signatory to the CSA then in effect or the Operating Agent, as applicable, shall proceed in accordance with the affirmative vote of the Coordination Committee. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">70</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the requisite votes are not obtained in the Coordination Committee vote, then consistent with Section 18.7, the Participant which is a signatory to the CSA then in effect or the Operating Agent, as applicable, shall have the obligation and the responsibility, consistent with Prudent Utility Practice, to maintain a supply of coal to the San Juan Project.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Fuels Committee shall keep written minutes and records of all meetings.  Any action or determination made by the Fuels Committee shall be reduced to writing and shall become effective when signed by the representatives of the Participants representing a voting majority.  Fuels Committee representatives may, by prior arrangement with the chairperson of the Fuels Committee, attend a meeting of the Fuels Committee by conference call or video.  A Fuels Committee representative who is unable to attend a meeting of the Fuels Committee may vote in absentia by delivering to the chairperson of the Fuels Committee, at least twenty-four (24) hours prior to the scheduled commencement of the meeting, a written statement, including by e-mail or facsimile, identifying the matter to be voted on and how the representative desires to vote.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Nothing in this Section 20 is intended to affect the responsibilities of the Reclamation Oversight Committee or the Reclamation Trust Funds Operating Agent as set out in the Mine Reclamation Agreement; in particular, the Fuels Committee shall have no authority to vote as to matters related to amendments to provisions of the RSA or a new agreement for the performance of reclamation services for disturbance of the SJCC Site Area.  To the extent of any conflict between this Section 20 and the Mine Reclamation Agreement, the provisions of the Mine Reclamation Agreement shall control.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">71</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">21.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AUDITING COMMITTEE:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Auditing Committee shall remain in existence during the term of this Agreement.  The Auditing Committee shall have no authority to modify any of the provisions of this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Auditing Committee shall consist of one representative from each Participant.  Any of the Participants may designate an alternate or substitute to act as its representative on the Auditing Committee in the absence of the regular representative on the Auditing Committee or to act on specified occasions or with respect to specified matters.  Each Participant shall notify the other Participants promptly, in writing, of the designation of its representative and alternate representative on the Auditing Committee and of any subsequent changes in such designation.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Auditing Committee shall have the following functions and responsibilities under this Agreement:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Review accounting, financial and internal control aspects of Operating Work and Capital Improvements, and implementation of procedures established pursuant to Section 20.3.8, and, not less than every two years, audit the records maintained by the Operating Agent in its performance of Operating Work, Capital Improvements and any other records maintained by the Operating Agent in support of its billings to the Participants.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Review and approve the format and content of the Operating Agent&#8217;s accounting records and reports for Operating Work and Capital Improvements.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">72</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Certify to the Participants, for management purposes and for the use of the Participants only, that the Operating Agent&#8217;s results of operations and accounting methods and records, including any allocations for Operating Work and Capital Improvements, are in accordance with the Project Agreements and Accounting Practice.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Review and make recommendations to the Coordination Committee regarding a Participant&#8217;s administrative and general expense allowance and other normal loadings when such Participant acts as construction agent for Capital Improvements.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Review and approve the Operating Agent&#8217;s cost and expense allocations between (i) electric generation and related functions and (ii) unrelated functions.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Advise and make recommendations to the Coordination Committee and Operating Agent on matters involving auditing and financial transactions.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Develop procedures for proper accounting and financial liaison between Participants in connection with the Operating Work and Capital Improvements.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Perform such functions and responsibilities as may be assigned to it from time to time by the Coordination Committee or as otherwise provided in this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any action or determination of the Auditing Committee shall require a vote of the voting Participants in accordance with Section 18.4.1.  A Participant&#8217;s Auditing Committee representative shall be entitled to vote on all matters except those actions or </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">73</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">determinations which relate solely to a Unit or common property in which such Participant does not have a Participation Share except that if a Participant&#8217;s right to vote has been suspended pursuant to Section 35.4.1, the requisite majority for actions or determinations specified in Section 18.4.1 shall be adjusted in proportion to the number of Participants whose right to vote has not been suspended.  An example of such an adjustment is provided in Exhibit VIII.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Auditing Committee shall keep written minutes and records of all meetings, and any action or determination by the Auditing Committee shall be reduced to writing and shall become effective when signed by the representatives of the Participants entitled to vote thereon, representing a voting majority of the members of the Auditing Committee.  Auditing Committee representatives may, by prior arrangement with the chairperson of the Auditing Committee, attend a meeting of the Auditing Committee by conference call or video conferencing.  An Audit Committee representative who is unable to attend a meeting of the Audit Committee may vote in absentia by delivering to the chairperson of the Audit Committee, at least twenty-four (24) hours prior to the scheduled commencement of the meeting, a written statement, including by e-mail or facsimile, identifying the matter to be voted on and how the representative desires to vote.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event less than a requisite majority of the Auditing Committee is obtained, the matter shall be referred to the Coordination Committee for decision upon the request of any Participant&#8217;s Auditing Committee representative.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Auditing Committee fails to reach agreement on a matter which such committee is authorized to determine, approve or otherwise act upon after a reasonable opportunity to do so, then the Operating Agent shall be authorized and obligated </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">74</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">to take such reasonable and prudent action, consistent with Prudent Utility Practice, as is necessary to the successful and proper operation and maintenance of the San Juan Project, pending the resolution, by arbitration or otherwise, of any such inability or failure to agree.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To the extent practicable, any audit of A&amp;G expenses will be coordinated with audits of A&amp;G expenses under any other San Juan Project-related agreements, including audits of reclamation A&amp;G expenses.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">75</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART V</font></div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BUDGETS AND OPERATING EXPENSES</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">22.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATION AND MAINTENANCE EXPENSES:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The expenses for the operation and maintenance of the San Juan Project in the performance of Operating Work (which, for purposes of this Section 22, and as defined more particularly herein, are referred to as the &#8220;O&amp;M Expenses&#8221;) shall be apportioned among the Participants, in accordance with the following percentages:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For Unit 1 and for all equipment and facilities directly related to Unit 1 only, in accordance with the following percentages:  </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 50 percent </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.1.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:192px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For Unit 4 and for all equipment and facilities directly related to Unit 4 only, in accordance with the following percentages: </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 77.297  percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 8.475 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 7.20 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.3.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 7.028 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">76</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For equipment and facilities common to Units 1 and 2 only, in accordance with the following percentages:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 50 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.4.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For equipment and facilities common to Units 3 and 4 only, in accordance with the following percentages:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 77.297 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 8.475 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 7.20 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.5.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 7.028 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">For the Switchyard Facilities except as otherwise provided in Section 15, in accordance with the following percentages:   </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 65 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 35 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 0 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.6.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 0 percent</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">77</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Exhibit V(g), attached hereto and incorporated herein, for equipment and facilities common to all of the Units, and all San Juan Project expenses not identifiable by Unit and not otherwise listed above and any O&amp;M under Section 4.2.2 of the Decommissioning Agreement, in accordance with the following percentages through June 30, 2022:    </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 70.381 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 19.8 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 3.679 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 3.123 percent</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.7.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 3.017 percent</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">If the term of this Agreement is extended beyond June 30, 2022, then the percentages shown in Section 6.2.6 (as modified by any transfers pursuant to Sections 40A or 40B) shall apply after June 30, 2022 in lieu of the percentages set forth in this Section 22.1.7. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In  the  event  of  a  permanent  shutdown  of  Unit  1  prior  to  the permanent shutdown of Unit 4, the expenses incurred in connection with the shutdown (which may include removal, salvage, cleanup and protection service) shall  be  allocated  as  set  forth  in  Section  22.1.1.   In  the  event  of  a  permanent shutdown of Unit 4 prior to the permanent shutdown of Unit 1, said expenses shall be allocated as set forth in Section 22.1.3.  Expenses which are attributable to equipment and facilities common to more than one Unit shall be apportioned in accordance with Section 22.1, as applicable.  Expenses incurred under this Section 22.1.8 shall be minimized insofar as reasonably practicable, and any expenses paid </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">78</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">by a Participant under this Section 22.1.8 that would otherwise qualify as costs of initial or interim Decommissioning Work under Sections 4.1 and 4.2 of the Decommissioning Agreement shall be credited against the Participants&#8217; cost responsibilities under the Decommissioning Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Exhibit V, attached hereto and incorporated herein, is a partial list of equipment and facilities of the San Juan Project for use by the Engineering and Operating Committee as a guideline in determining the allocation of operation and maintenance costs among the Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In areas where the allocation of costs of operation and maintenance of equipment and facilities among the Participants is not clearly defined by Sections 22.1.1 to 22.1.8, the Engineering and Operating Committee shall make a determination of such allocation of costs.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.1.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;The following shall apply in the event of a declaration of default against a Participant and a suspension of that Participant&#8217;s right to receive all or any part of its proportionate share of the Net Effective Generating Capacity, as provided for in Section 35.4.1: those non-defaulting Participant(s) having a Participation Share in each affected Unit, who are entitled to schedule and receive for their accounts proportionate shares of the Net Effective Generating Capacity of the defaulting Participant, shall bear proportionate shares of the defaulting Participant&#8217;s responsibility for expenses of the operation and maintenance of the San Juan Project, as provided in Section 35.5.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">79</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">O&amp;M Expenses chargeable to the following FERC Accounts shall be apportioned among the Participants in accordance with Sections 22.1.1, 22.1.2, 22.1.3, 22.1.4, 22.1.5 and 22.1.7, as applicable:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Power Production/Steam Power Generation:&#160;&#160;&#160;&#160;FERC Accounts 500, 502, 505, 506, 507, 509 and 510 through 514 (charged by on-site San Juan Project employees and operations-related departments located off-site); provided, however, that limestone costs (chemicals) chargeable to FERC Account 502 shall be apportioned among the Participants in accordance with Section 23.5.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Administrative and General Expenses directly chargeable to FERC Accounts 920, 921, 923, 926, 930.2, 931 and 935, by on-site San Juan Project employees and by A&amp;G related departments located off-site as set forth in Exhibit VI, Attachment A, which have not been included as a part of the A&amp;G Ratio or charged to FERC Account 935, in accordance with Section 22.4. Such direct A&amp;G charges must be supported by the Operating Agent and are subject to audit and approval by the Auditing Committee.  If the Auditing Committee is unable to agree on the appropriateness of direct A&amp;G charges, the Auditing Committee shall submit the entire matter to the Coordination Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">O&amp;M Expenses chargeable to FERC Account 501 shall be apportioned among the Participants in accordance with Section 23.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The  cost  of  the  property  insurance  for  the  San  Juan  Project chargeable to FERC Account 924 and any uninsured loss or expense thereunder and the cost of general liability or workers&#8217; compensation insurance for the San Juan </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">80</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project chargeable to FERC Account 925 shall be apportioned among the Participants according to Section 22.1.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Costs or revenues chargeable to the following FERC Operating and Non-Operating Accounts: 411.8, 411.9, 412, 421 and 426.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Power Production Expense chargeable to FERC Account 500 (for employees of PNM&#8217;s fuels management department), Non San Juan Project Specific, shall be allocated among all of PNM&#8217;s fossil-fueled power plants, including the San Juan Project, based on the percentage of labor charged to each fossil-fueled power plant as a percentage of labor charged to all of PNM&#8217;s fossil-fueled power plants.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The O&amp;M Expenses for the Switchyard Facilities chargeable to FERC Accounts&#160;560 through 573 and FERC Account 935 shall be apportioned among the Participants in accordance with Section&#160;22.1.6.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The O&amp;M Expenses for the portion of system control and load dispatching expenses (allocated between PNM and the San Juan Project based on the number of megawatts of San Juan Project capacity as a percentage of PNM&#8217;s total generating capacity) chargeable to FERC Accounts 556, 560 and 561 shall be apportioned among the Participants in accordance with Section 22.1.7.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Payroll loads for administrative and general expenses, payroll taxes, injuries and damages and pension and benefits, shall be added to the monthly billings in proportion to the dollars of direct labor billed and apportioned among the Participants in accordance with Sections 22 and 23.  The current methodologies for calculating the A&amp;G Ratio, Payroll Tax Ratio, Injuries and Damages Ratio and Pension and Benefits Ratio are set forth in Exhibit VI (Attachments A, B, C and D thereto), attached hereto and incorporated herein. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">81</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If any Participant believes that the method used in determining A&amp;G Ratio, Payroll Tax Ratio, Injuries and Damages Ratio and Pension and Benefits Ratio, in accordance with Exhibit VI (Attachments A, B, C and D thereto), results in an unreasonable burden on such Participant(s), such Participant(s) may request that said method used in determining said ratios be submitted to the Auditing Committee for review.  After any such request, the Auditing Committee shall review said method and shall endeavor to agree upon whether or not said unreasonable burden does actually exist.  If, after such review, the Auditing Committee determines that the application of said method does result in an unreasonable burden on the Participant, the Auditing Committee shall determine and recommend a modified method to the Coordination Committee to eliminate such unreasonable burden.  If, after such review, the Auditing Committee is unable to agree upon whether or not such unreasonable burden does exist or is unable to agree on a modified method for eliminating said unreasonable burden, the Auditing Committee shall submit the entire matter to the Coordination Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Coordination Committee shall review the recommendation of the Auditing Committee pursuant to Section 22.6.1.  If, as a result of such review, the Coordination Committee agrees that such unreasonable burden does exist and that a modified method eliminates such unreasonable burden, the Coordination Committee shall adopt said modified method.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the Auditing Committee has not submitted a recommended modified method and the Coordination Committee agrees that such unreasonable burden  does  exist,  the  Coordination  Committee  shall  endeavor  to  agree  on  a </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">82</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">modified method.  If, after such review, the Coordination Committee is unable to agree that such unreasonable burden does exist or on a modified method which will eliminate such unreasonable burden, upon request of a Participant, either matter may be submitted to arbitration pursuant to Section 37.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.6.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any modified method adopted by the Coordination Committee or determined through arbitration shall be retroactive for the length of the period of inequity up to a maximum period of three (3) years and shall become effective on the first day following such date of adoption.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As soon as possible after the end of each calendar year, the Operating Agent shall calculate the actual ratios for: A&amp;G, payroll tax, injuries and damages, and pension and benefits for such year in accordance with the methodologies described in Exhibit VI (Attachments A, B, C and D thereto).  To the extent such expenses are more or less than those already paid by the Participants during said year, the Operating Agent shall bill or credit the Participants for the amount of such difference.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At the start of each calendar year, the Operating Agent shall calculate new ratios for: A&amp;G, payroll tax, injuries and damages and pension and benefits.  Such ratios shall be calculated in accordance with the methodologies described in Exhibit VI (Attachments A, B, C and D thereto).  Such ratios may be adjusted to more nearly reflect the anticipated expenses of the current year because of tax legislation, labor contract negotiations or other factors not reflected in the prior year&#8217;s costs.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall bill to the requesting Participant(s) the costs and expenses, including A&amp;G expenses, incurred by the Operating Agent (including, but not limited to, fees of outside legal counsel or consultants, time of in-house legal counsel and </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">83</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">other employees and agents of the Operating Agent) in performing tasks requested by a Participant in relation to (i) the offering or sale of bonds or other type of security by a Participant in connection with the acquisition or ownership of an interest in the San Juan Project; and (ii) the attempted or contemplated sale by a Participant of any portion of its ownership interest in the San Juan Project.  The Operating Agent shall establish and maintain appropriate accounting procedures to identify such costs and expenses incurred by the Operating Agent. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">84</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">23.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FUEL COSTS</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The quantity of coal delivered to the San Juan Project shall be determined by the belt scales, in accordance with the CSA.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall maintain the Project Coal Inventory wherein ownership shall be apportioned among the Participants in the percentages shown in Section 6.3.  Coal inventory shall be accounted for in FERC Account 151. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted] </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Limestone costs (chemicals) chargeable to FERC Account 502 shall be apportioned among and paid for by the Participants on the basis of the percentage that each Participant&#8217;s monthly Participant Coal Consumption bears to the total monthly Participant Coal Consumption of all Units.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All other fuel-related expenses which are chargeable to FERC Account 501 shall be apportioned among and paid for by the Participants on the following basis:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Variable fuel-related expenses (including, but not limited to ash and gypsum disposal) on the basis of the percentage that each Participant&#8217;s monthly Participant Coal Consumption bears to the total monthly Participant Coal Consumption of all Units.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Fixed fuel-related expenses (including, but not limited to fuel handling) on the basis of Common Participation Share.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Fuel oil purchased for use at the San Juan Project is first delivered into one of two storage tanks.  Tank 1 and 2 storage tank feeds Unit 1 and Tank 3 and 4 storage tank feeds Unit 4.  When oil is withdrawn from a storage tank for </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">85</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">consumption, it is metered by Unit.  Costs for fuel oil usage shall be separately accounted for by these two storage tanks as follows:  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Costs for fuel oil purchases to Tank 1 and 2 shall be charged to FERC Account 151 and such costs shall be apportioned among and paid for by the Unit 1 Participants on the basis of Section 6.2.4.  Monthly cost for fuel oil withdrawn from Tank 1 and 2 shall be credited to FERC Account 151 and charged to FERC Account 501 on an average price basis as determined by dividing the total number of gallons of fuel oil in Tank 1 and 2 at the beginning of the month, plus the fuel oil delivered during the month, into the total recorded cost in FERC Account 151 and multiplying the cost per gallon so derived by the number of gallons withdrawn from Tank 1 and 2.  The cost for fuel oil withdrawn from Tank 1 and 2 charged to FERC Account 501 shall be apportioned among and paid for by the Unit 1 Participants first on the basis of the individual Unit metered consumption and then on the basis of Section 6.2.1. The cost for fuel oil withdrawn from Tank 1 and 2 thusly credited to FERC Account 151 shall be apportioned among the Unit 1 Participants on the basis of Section 6.2.4.  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.6.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Costs for fuel oil purchases to Tank 3 and 4 shall be charged to FERC Account 151 and such costs shall be apportioned among and  paid  for  by  the  Unit  4  Participants  on  the  basis  of  Section 6.2.5.  Monthly cost for fuel oil withdrawn from Tank 3 and 4 shall be credited to FERC Account 151 and charged to FERC Account 501 on an average price basis  as  determined  by  dividing  the  total number of gallons of fuel oil in </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">86</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Tank 3 and 4 at the beginning of the month, plus the fuel oil delivered during the month, into the total recorded cost in FERC Account 151 and multiplying the cost per gallon so derived by the number of gallons withdrawn from Tank 3 and 4.  The cost for fuel oil withdrawn from Tank 3 and 4 charged to FERC Account 501 shall be apportioned among and paid for by the Unit 4 Participants first on the basis of the individual Unit metered consumption and then on the basis of Section 6.2.3.  The cost for fuel oil withdrawn from Tank 3 and 4 thusly credited to FERC Account 151 shall be apportioned among the Unit 4 Participants on the basis of Section 6.2.5.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall provide the Participants a monthly written report on the following items related to coal deliveries at the San Juan Project:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Total actual coal deliveries by SJCC to the San Juan Project for each month and for the year to date.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Total actual coal deliveries to the San Juan Project for each month and for the year to date, allocated to the Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.7.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Total cost and tonnage of inventory allocated to the Participants.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall work diligently with SJCC under the terms of the CSA to manage Project Coal Inventory so as to maintain the Emergency Coal Storage Pile at target levels pursuant to Section 20.3.6 and to maintain appropriate working levels of Project Coal Inventory to facilitate San Juan Project operations.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">87</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that SJCC defaults in its obligations under the CSA or otherwise fails to maintain deliveries of coal, the Operating Agent may assume or make such arrangements for the assumption of such of SJCC&#8217;s operations as permitted by the CSA or may procure, subject to the CSA, an alternate coal supply.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The monthly costs of fuel allocated among the Participants in accordance with this Section&#160;23 shall be estimated by the Operating Agent as soon as practicable after the end of each month and a preliminary bill shall be presented and paid in the manner set forth in Section 30.3.3.  Adjustments and corrections to the estimated preliminary bill shall be made in the next succeeding month or on the earliest possible billing thereafter.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of a catastrophic occurrence which results in a sustained outage of a Unit and a determination that an &#8220;Uncontrollable Force&#8221; exists under the CSA, then in such event, FERC Account 151 will be allocated to the operable and non-operable Units.  The portion of FERC Account 151 allocated to the non-operable Unit shall remain frozen until such time as such Unit is restored to operable condition.  New costs of coal chargeable to FERC Account 151 will be apportioned among the Participants on the basis of the Participants&#8217; Participation Shares in the generating capacity of the operable Unit.  At such time as a damaged Unit is restored to operable condition, the frozen portion of Account 151 will be merged into the operable Unit&#8217;s portion of Account 151 and to the extent that a Participant is adversely impacted by an incremental increase in the average unit cost of coal an allocation of such incremental cost will be made and the net difference paid by the Participant having a credit balance.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The accounting practices and billing and accounting principles as stated in this Section 23 are applicable at the present time.  If, however, at a later time these practices </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">88</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">or principles are proven to be inadequate or other practices or principles later prove to be more equitable in the opinion of the Auditing Committee, the Coordination Committee, upon the recommendation of the Auditing Committee, may authorize changes and revisions to such practices and principles. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any other fuel-related costs not currently classified in this Section 23 shall be apportioned among and paid for by the Participants on the basis of the percentage that each Participant&#8217;s monthly Participant Coal Consumption bears to the total monthly Participant Coal Consumption of Units 1 and 4 until classified by the Coordination Committee. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Beginning on January 1, 2018, PNM will supply coal to the Participants under the provisions of Section 23.18.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.16</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.17</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">[Omitted]</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">SJCC will invoice PNM monthly as provided under the CSA.  PNM will invoice each Participant monthly by Coal Tonnage Component and such Coal Tonnage Component will be paid for as follows:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Pre-existing Stockpile Coal tons as invoiced by SJCC will be allocated by a Participant&#8217;s Common Participation Share as of the effective date of the Restructuring Agreement and will be paid for by each Participant at the price per ton charged by SJCC in its monthly invoicing to PNM.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each year, PNM will develop a monthly Tier 1 Tonnage Allocation schedule with SJCC in the annual operating plan process as provided for in Section </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">89</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2 of the CSA.  With input from the Participants, PNM will develop a monthly allocation by Participant of such Tier 1 Tons (such individual allocation, its &#8220;Tier 1 Tonnage Allocation&#8221;).  Such monthly Tier 1 Tonnage Allocation will be paid for by Participants whether or not their Participant Coal Consumption exceeded their Tier 1 Tonnage Allocation in the month.  Monthly, for each Participant, its Tier 1 Tonnage Allocation, net of its invoiced Pre-existing Stockpile Coal for such month will be paid for at the then existing price for Tier 1 Tons under the CSA.  In each of 2018 and 2019, two million eight hundred thousand (2,800,000) tons will be allocated by Participant Share.  In each of 2020 and 2021, two million eight hundred thousand (2,800,000) tons will be allocated by Participant Share, and then PNM&#8217;s allocation will be reduced by one hundred fifty thousand (150,000) tons in each of those years.  In 2022, one million four hundred thousand (1,400,000) tons will be allocated by Participant Share.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To the extent that a Participant&#8217;s Participant Coal Consumption in a month exceeds its Tier 1 Tonnage Allocation for such month, PNM will invoice such Participant such excess as Tier 2 Tons to be paid for at the then existing price for Tier 2 Tons under the CSA.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Legacy Costs as invoiced monthly by SJCC will be allocated using a Participant&#8217;s Common Participation Share for that year.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Cost for SJCC&#8217;s reclamation bond premium invoiced through the CSA will be allocated using a Participant&#8217;s Common Participation Share for that year.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">90</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Weight-based taxes will be applied to the tonnages as invoiced by PNM to each Participant at the then-existing rates applicable to SJCC invoices.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Revenue-based taxes and royalties will be applied to the tonnages and total coal costs as invoiced by PNM to each Participant at the then-existing rates applicable to SJCC invoices.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of an SJCC environmental force majeure, then Available Pre-existing Stockpile Tons will be allocated in the same manner as Pre-existing Stockpile Coal tons, and Force Majeure Tons will be allocated in the same manner as Tier 1 Tons unless otherwise approved by the Participants in the Fuels Committee.  Such calculations will be on an annual basis.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any other costs billed by SJCC under the CSA and not specifically addressed in this Section 23.18 will be apportioned among and paid for by the Participants on the basis of the Participant&#8217;s Common Participation Share for that year unless otherwise annually approved by the Participants in the Fuels Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.10   Annual Year-End Reconciliation Process.&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.10.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At the end of each year, the Operating Agent will reconcile the sum of each Participant&#8217;s monthly CSA-related payments to a properly allocable share of annual Tier 1 Tons, Tier 2 Tons, Pre-existing Stockpile Coal tons, and cost associated with any change in Project Coal Inventory and invoice or refund any such reconciliation amounts to each Participant.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.10.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any net consumption of Project Coal Inventory tons will be charged to FERC Account 501 and apportioned among and paid for </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">91</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">by the Participants on the basis of the percentage that each Participant&#8217;s annual Tier 2 Tons after the reconciliation process bears to the total annual Tier 2 Tons consumption after the reconciliation process for all Units.  The price for such tons will be determined by dividing the total recorded cost in FERC Account 151 by the total number of tons of coal in Project Coal Inventory, both as recorded on January 1 of said year.  The total amount of any such payment for consumed Project Coal Inventory tons will subsequently be credited to FERC Account 151 and apportioned to the Participants based on the Participant&#8217;s Common Participation Share for that year.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.10.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The costs of any net addition to Project Coal Inventory tons, as invoiced by SJCC, will be charged to FERC Account 151 and apportioned to and paid for by the Participants based on the Participant&#8217;s Common Participation Share for that year.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.18.10.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, at the end of any year, the Operating Agent has collected amounts in excess of those due SJCC under the CSA, such over-collection will be refunded to the Participants.  The refund to each Participant will be an amount equal to the total amount of the over-collection multiplied by the tons each Participant&#8217;s Coal Consumption was less than its total annual Tier 1 Tonnage Allocation divided by the total amount by which all such Participants&#8217; Coal Consumption was less than their Tier 1 Tonnage Allocation.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">92</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The cost of evaluating a long-term fuel supply for the San Juan Project, approved pursuant to a resolution of the Coordination Committee of May 23, 2014, shall be shared among the Participants in accordance with the following percentages:</font></div><div style="line-height:138%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM - 70.381 percent</font></div><div style="line-height:138%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">TEP - 19.8 percent</font></div><div style="line-height:138%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Farmington - 3.679 percent</font></div><div style="line-height:138%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">LAC - 3.123 percent</font></div><div style="line-height:138%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.19.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">UAMPS - 3.017 percent</font></div><div style="line-height:120%;text-align:left;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:left;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">To the extent that the cost of evaluating a long-term fuel supply for the San Juan Project has been invoiced and paid at a different percentage allocation than that set forth immediately above, the Participants agree to a true-up of the over- or under-payment to these percentages as of the effective date of the Restructuring Agreement.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">93</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">24.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNUAL BUDGETS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">24.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Not less than ninety (90) days prior to the beginning of each calendar year, the Operating Agent shall prepare and submit to the Engineering and Operating Committee for its review and approval the proposed capital budget, manpower budget and a budget for the performance of Operating Work for such calendar year.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">24.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall approve the budgets described in Section 24.1 in final form not less than thirty (30) days prior to their effective date.  In the event that any such budget is not so approved, the Operating Agent will nevertheless continue to perform Operating Work in a manner consistent with Prudent Utility Practice until such time as a budget has been approved.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">24.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any information required from the Participants by the Operating Agent in preparing such proposed budgets will be supplied by the Participants, if possible, within thirty (30) days following a request by the Operating Agent.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">24.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee may at any time during the year approve revisions to the approved capital expenditures budget, manpower budget and a budget for the performance of Operating Work.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">94</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">25.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PAYMENT OF TAXES:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants shall use their best efforts to have any taxing authority imposing any taxes or assessments on the San Juan Project, assess and levy such taxes or assessments directly against each Participant in accordance with its respective Participation Share in the property taxed.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All taxes or assessments levied against each Participant&#8217;s ownership interest in the San Juan Project, excepting those taxes or assessments levied against an individual Participant on behalf of other Participants, shall be the sole responsibility of the Participant upon whom said taxes and assessments are levied.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If any property taxes and other taxes and assessments are levied and assessed in a manner other than specified in Section 25.1, it shall be the responsibility of the Coordination Committee to establish equitable standard practices and procedures for the apportionment among the Participants of such taxes and assessments and the payment thereof.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">95</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">26.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">MATERIALS AND SUPPLIES:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent from time to time may increase or reduce the inventory of Materials and Supplies by changing the maximum or the minimum quantities to be maintained in inventory in accordance with the procedures established by the Engineering and Operating Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall prepare a list of the items for inclusion in Materials and Supplies for the operation and maintenance of each Unit.  The list shall include the estimated cost of each individual item of such Materials and Supplies and specify the maximum and minimum quantity of each such individual item to be maintained in inventory.  The list shall be submitted to the Engineering and Operating Committee by the Operating Agent for review and approval.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall purchase and take control of Materials and Supplies for inventory, so that the total inventory of Materials and Supplies on hand remains in accordance with the policies established by the Engineering and Operating Committee.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;Materials and Supplies withdrawn from inventory and used in the operation and maintenance of the San Juan Project shall be accounted for as a component of operation and maintenance expense and allocated among the Participants in accordance with Section 22. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Materials and Supplies withdrawn from inventory and used in connection with Capital Improvements shall be accounted for as a capital expenditure and allocated among the Participants in accordance with Section 7.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">26.6&#160;&#160;&#160;&#160;Materials and Supplies removed from service shall be returned to inventory if reusable, or if junk or obsolete, shall be disposed of by the Operating Agent under the best </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">96</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:11.9pt;">available terms.  The proceeds, if any, received shall be credited or distributed to the Participants in the same proportion as their Participation Shares therein.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A separate Materials and Supplies account and undistributed stores expense account will be established by the Operating Agent in accordance with FERC Accounts.  Such charges and credits so allocated to Materials and Supplies shall be allocated to the Participants as a component of operation and maintenance expense in accordance with Section 22, or as a Capital Improvement in accordance with Section 7, as the case may be.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The inventory value of any item withdrawn from or returned to Materials and Supplies shall be the average cost of like items in inventory.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">97</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">27.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EMERGENCY SPARE PARTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall prepare a list of the Emergency Spare Parts for each Unit and common facilities.  Such list shall include the estimated costs for each individual item of such Emergency Spare Parts and shall specify the quantity of each such individual item to be maintained in inventory.  Such list shall be submitted to the Engineering and Operating Committee by the Operating Agent for review and approval.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall purchase Emergency Spare Parts from time to time as replacements for those withdrawn from inventory in accordance with the policies established by the Engineering and Operating Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Emergency Spare Parts shall be owned by and the costs thereof shall be allocated between the Participants in accordance with their respective Participation Shares.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall notify the Participants promptly after Emergency Spare Parts are withdrawn from inventory and shall also notify the Participants of the value of such parts so withdrawn and of the accounting treatment with respect thereto.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">98</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART VI</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OPERATING AGENT</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">28.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATION AND MAINTENANCE:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">PNM is the Operating Agent, unless replaced in accordance with Section 33.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All Participants hereby appoint PNM as their agent, and PNM agrees to undertake, as the agent of the Participants and as principal on its own behalf, the responsibility for the performance of Operating Work in accordance with this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Subject to the provisions, conditions, limitations and restrictions of this Agreement, the Operating Agent shall:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Perform the Operating Work in accordance with the Project Agreements and Prudent Utility Practice.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Contract for, furnish or obtain the services and studies necessary for performance of Operating Work.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Arrange for the placement and maintenance of Operating Insurance.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Execute all contracts in the name of the Operating Agent, acting as principal on its own behalf and as agent for the Participants, in connection with the performance of Operating Work.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Furnish and train the necessary personnel for performance of Operating Work.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Have the coal replaced which has been removed from the Emergency Coal Storage Pile at the earliest practical time following resumption of normal coal deliveries.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">99</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Enforce and comply with all contracts entered into for the performance of Operating Work.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Comply with any and all laws and regulations applicable to the performance of Operating Work.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Maintain the Operating Account and expend the Operating Funds only in accordance with this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Keep and maintain records of monies expended and received, obligations incurred, credits accrued and contracts entered into in the performance of this Agreement, and make such records available for inspection by the Participants at reasonable times and places.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Not suffer any liens to remain in effect unsatisfied against the San Juan Project (other than the liens permitted under Section 10.1, for taxes or assessments not yet delinquent, for labor and material not yet delinquent or undetermined charges or liens incidental to the performance of Operating Work); provided, that the Operating Agent shall not be required to pay or discharge any such lien as long as a proceeding shall be pending in which the lawfulness or validity of such lien shall be contested in good faith and which shall operate during the pendency thereof to prevent the collection or enforcement of such lien so contested.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Recommend minimum notification times and lead times for changing scheduled Energy required for the Participants to the Engineering and Operating Committee for its approval.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Act as operating representative or agent in connection with the administration and enforcement of the CSA and the CCRDA.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Recommend programs to the Engineering and Operating Committee to make environmental studies and, upon approval of the Engineering and Operating Committee, supervise the performance of such programs.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Provide the Engineering and Operating Committee with all written statistical and administrative reports, written budgets, information and other records relating to Operating Work which may be necessary to permit such committee to perform its responsibilities under this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.16</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Provide the Fuels Committee with all written reports, written budgets, information and other records relating to Operating Work which may be necessary to permit such committee to perform its responsibilities under this Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.17</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Provide the Auditing Committee with all accounting records, information, reports and other records relating to Operating Work, which may be necessary to permit such committee to perform its responsibilities under this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.18</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Perform Operating Work so as to comply with the Water Contract(s) and make such tests and measurements and keep such records as are required by applicable agreements, regulations and statutes.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Keep  the  Participants  fully  and  promptly  advised  of  material changes in conditions or other material developments affecting the performance of </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">101</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operating Work and furnish the Participants with copies of any notices given or received pursuant to the Project Agreements.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.20</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Present claims to any insurer for losses and damages covered by valid and collectible Operating Insurance procured by the Operating Agent directly from the insurer.  Investigate, adjust, settle, decline and defend claims against the Participants arising out of the performance of Operating Work when said claims or portions thereof are not covered by valid and collectible Operating Insurance; provided that the Operating Agent shall obtain the agreement of the Participants, acting through the Coordination Committee, prior to disposing of any claims or combination of claims arising out of the same occurrence which exceeds one hundred thousand dollars ($100,000).  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.21</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Assist, as requested, other Participants and their insurers in the investigation,  adjustment  and  settlement  of  any  loss  or  claim  arising  out  of Operating  Work  for  which  payment  may  be  made  on  account  of  valid  and collectible additional  insurance applicable thereto procured by any such Participant; provided, that the Operating Agent may agree (by separate agreement) that a Participant procuring any policy or policies of  additional insurance shall have the authority and the responsibility to (i) present, investigate, adjust, settle, decline and defend  claims  or  potential  claims  covered  by  said  policies  in  favor  of  the Participants  and  against  any  one  or  more  of  said  insurers;  and  (ii)  present, investigate, adjust, settle, decline and defend claims against the Participants arising out of the performance of Operating Work when said claims or portions thereof are not covered by said policies; and provided further, that such Participant shall obtain </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">102</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">the agreement of the Participants, acting through the Coordination Committee, prior to the settlement of any claim or combination of claims arising out of the same occurrence which exceeds one hundred thousand dollars ($100,000).</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.22</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Notwithstanding anything in Section 28.3.20 and 28.3.21 to the contrary, any Participant may at any time, at its own expense, employ its own counsel to assist in investigating, adjusting, settling, declining and defending claims of the types referred to in Sections 28.3.20 and 28.3.21 and the Operating Agent and its employees and counsel shall cooperate fully with such counsel and permit such counsel to participate fully in all of the foregoing activities.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.23</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Keep the Participants fully and promptly informed of any known default under the Project Agreements.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.24</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Determine switching and clearance procedures to be followed by the Participants at the San Juan Project.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.25</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Determine Available Operating Capacity from time to time and make recommendations to the Engineering and Operating Committee regarding items referenced in Section 19.3.1.9.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.26</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Upon the request of a Participant, provide such Participant, in reasonable quantity without direct charge therefor, a copy or copies of any report, record, list, budget, manual, accounting or billing summary, classification of accounts, or other documents or revisions of any of the foregoing items, all as prepared in accordance with this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.27</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of the failure of the Participant which is a signatory to the CSA then in effect to reach agreement on a matter described in Sections 18.7 </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">103</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">and 20.5.3, maintain a supply of coal to the San Juan Project, consistent with Prudent Utility Practice.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.28</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Manage the activities of the &#8220;designated representative&#8221; pursuant to the DR Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.3.29</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Perform all of the duties and obligations set out in this Agreement as duties and obligations of the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants shall lend and be properly reimbursed for all necessary and available assistance as may be requested by the Operating Agent in the performance of Operating Work. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall be the agent of the Participants and shall exercise only such authority as is conferred upon it by this Agreement.  The Operating Agent shall not receive any fee or profit hereunder, unless otherwise agreed unanimously by the Participants. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">104</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">29.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATING EMERGENCY:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of an Operating Emergency, the Operating Agent shall take any and all steps reasonably necessary and required to terminate the Operating Emergency, subject to the provisions of this Section&#160;29.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As soon as practicable after the commencement of an Operating Emergency, the Operating Agent shall advise the Participants of the occurrence of the Operating Emergency, its nature and the steps taken or to be taken to terminate the Operating Emergency, including a preliminary estimate of the expenditures required to terminate the Operating Emergency. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that the estimated cost to cure an Operating Emergency with respect to any Unit or to any equipment and facilities common to any of the Units does not exceed two hundred and fifty thousand dollars ($250,000), the Operating Agent shall have the authority to expend, in its discretion, no more than two hundred and fifty thousand dollars ($250,000) to terminate such Operating Emergency.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Operating Agent determines that the estimated amount required to terminate the Operating Emergency exceeds the amount which it is authorized to expend, the Operating Agent shall immediately notify the affected Participants following such determination.  The Operating Agent shall provide the following information:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The estimated date when the Operating Emergency can be terminated.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The person or persons who would perform the work and furnish the materials required to terminate the Operating Emergency.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">105</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The estimated amount of overtime, if any, which would be necessary in order to expedite the termination of the Operating Emergency.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The costs that are proposed to be capitalized, and salvage realized.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The costs that are proposed to be charged as maintenance expense.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The proposed administrative and general expense allowance applicable to such repair or reconstruction.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.4.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Such other information as may be necessary and required by the Engineering and Operating Committee to determine the manner in which the Operating Emergency is to be terminated.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall review and approve the proposed repair or reconstruction, including the estimated cost thereof or shall agree upon an alternative.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Costs incurred in terminating an Operating Emergency may be billed to the Participants by the Operating Agent on the basis of its estimate of such costs with adjustment to be made in accordance with Section&#160;29.8 when final cost determination has been made.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Following the termination of the Operating Emergency, the Operating Agent shall submit to the Participants a report containing a summary of the costs incurred and expenditures made in connection with the repair or reconstruction and such other information as may be required by the Engineering and Operating Committee.   </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall allocate to the Participants the costs incurred or expenditures made in such repair or reconstruction, as follows: (i) costs charged as maintenance expense, in accordance with Section&#160;22; and (ii) any other such repair or reconstruction costs, in accordance with Section 7.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">106</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">30.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PAYMENT OF EXPENSES BY PARTICIPANTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All amounts required to be advanced by the Participants in accordance with this Agreement shall be made payable to the Operating Account established by the Operating Agent.  The Operating Funds shall be owned by the Participants in proportion to their respective balances therein at any given time, and the Operating Agent in its capacity as such shall not have any right or title therein except to maintain custody of and to disburse the Operating Funds as a conduit between the Participants and those to whom such disbursements shall be made. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Engineering and Operating Committee shall establish a minimum amount for the Operating Funds which will be available to pay for expenditures or obligations incurred by or on behalf of the Participants in accordance with this Agreement.  Such minimum amount of Operating Funds may be revised by the Engineering and Operating Committee at any time.  The minimum amount of the Operating Funds and any increases therein shall be advanced by the Participants in accordance with the percentages set forth in Section&#160;22, and shall be due and payable within fifteen (15) business days following notification of the establishment of the minimum amount to be kept in Operating Funds or the date on which any increase in such amount authorized by the Engineering and Operating Committee shall become effective.  In the event the Engineering and Operating Committee decreases such minimum amount, then each Participant shall receive a credit which shall be equal to the product of its percentage, as set forth in Section&#160;22, and the amount of any such decrease.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">107</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall advance Operating Funds on the basis of notices (hereinafter called bills) submitted by the Operating Agent reflecting such Participant&#8217;s share of costs and expenses in accordance with this Agreement, as follows:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Expenses described in Sections 30 and 22 shall be billed in writing as follows:  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The payroll costs to be paid to the Operating Agent&#8217;s employees for each pay period.  </font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On the 20th day of each month, the total expenses incurred the previous month and described in Section 22 less those expenses billed under Section 30.3.1.1.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Bills submitted under Section 30.3.1 shall be due and payable within seven (7) business days following receipt of the bill.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Expenses described in Sections 31 and 23 shall be billed in writing at least ten (10) business days prior to their due date, and funds therefor shall be deposited with the Operating Agent not less than three (3) business days prior to their due date.  If such bills do not have a specific due date, they shall be billed within a reasonable time following their incurrence.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Expenses described in Sections 7, 26, 27 and 29 shall be billed monthly, except when such expenses exceed the minimum amount in the Operating Funds in which case billing will be made immediately and payable within seven (7) business days following receipt of the bill.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">108</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as expressly provided herein, nothing in this Agreement shall be deemed to require the Operating Agent to advance its own monies on any other basis than in its role, if any, as a Participant.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">109</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">31.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATING INSURANCE:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Unless otherwise specified by the Coordination Committee, during the performance of Operating Work, the Operating Agent shall procure and maintain in force, or cause to be procured and maintained in force, policies of Operating Insurance providing coverage against the following risks, hazards and perils:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Risks covered by the standard form of commercial liability insurance, including bodily injury, personal injury and property damage risk, hazards of automobiles liability, contractual liability, contractor&#8217;s protective liability and liability for products and completed operations, in an amount not less than twenty-five million dollars ($25,000,000).</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Risks covered by the standard form of &#8220;all risk&#8221; property insurance providing coverage against all risk of loss, except those risks excluded in the standard form of &#8220;all risk&#8221; property insurance.  Such insurance shall provide boiler and pressure vessel coverage, including reasonable expediting expense.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Risks covered by the standard form of workers&#8217; compensation and employers liability insurance, covering employees of the Operating Agent engaged in the performance of Operating Work, or other compliance by the Operating Agent with requirements of the laws of the State of New Mexico as to such coverage.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Risks covered by the standard form of employee dishonesty bond covering loss of property or funds due to dishonest or fraudulent acts committed by an officer or employee of the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except for Operating Insurance described in Sections&#160;31.1.3 and 31.1.4, each Participant shall be a named insured individually and jointly and in accordance with its </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">110</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participation Share as established in Section&#160;6. Operating Insurance referred to in Section&#160;31.1.1 shall carry cross-liability coverage.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that another Participant&#8217;s insurance program affords equal or better coverage on a more favorable cost basis than that available to the Operating Agent, the Participants may agree (by separate agreement) that such insurance program may be utilized to afford all or part of the insurance coverage required by Section&#160;31.1.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The insurance company used, the insurable values, limits, deductibles, retentions and other special terms, covenants and conditions of the Operating Insurance shall be agreed upon by the Coordination Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any deductibles shall be shared by the Participants in accordance with the percentages established in Section 22.1.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall furnish each of the Participants with either a certified copy of each of the policies of Operating Insurance or a certified copy of each of the policy forms of Operating Insurance, together with a line sheet therefor (and any subsequent amendments) naming the insurers and underwriters and the extent of their participation.  When the policies or policy forms of Operating Insurance have been approved in writing by all of the Participants, said policies or policy forms shall not be modified or changed by any Participant without the prior written consent of all of the Participants, except for minor and insubstantial changes or modifications, as to which notification shall be given by the Operating Agent to the Participants.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each of the Operating Insurance policies shall be endorsed so as to provide that all named insureds shall be given thirty (30) days notice of cancellation or material change.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">111</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Operating Insurance policies shall be primary insurance for all purposes and shall be so endorsed.  Any insurance carried by a Participant individually shall not participate with the Operating Insurance as respects any loss or claim for which valid and collectible Operating Insurance shall apply.  Such other insurance shall apply solely as respects the individual interest of the Participant carrying such other insurance.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Nothing herein shall prohibit the Operating Agent or any Participant from furnishing a policy of Operating Insurance which combines the coverage required by this Agreement with coverage outside the scope of that required by this Agreement.  If the Operating Agent or any Participant furnishes a policy of Operating Insurance which combines the coverage required by this Agreement with coverage outside the scope of that required by this Agreement, the Coordination Committee shall agree on the portion of the total premium cost which is allocable to Operating Insurance.  If the Participants are unable to agree on such allocation, the Operating Agent may make an estimated allocation and bill the Participants on the basis thereof, with adjustment to be made when the dispute is resolved.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If a Participant desires changes in any Operating Insurance policy, such Participant shall notify the Operating Agent and the other Participants in writing of the desired changes.  Upon agreement of the Coordination Committee to such change, the Operating Agent shall obtain the insurance within sixty (60) days from the date of agreement.  If the Operating Agent is unable to obtain the type of policy or coverage required herein or believed by the Operating Agent to be adequate, then the Operating Agent shall immediately notify the Participants.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">112</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Coordination Committee is unable to agree upon any matters relating to the Operating Insurance, the Operating Agent, pending the resolution of such disagreement, shall procure or cause to be procured such policies of insurance, consistent with Prudent Utility Practice, as are necessary to protect the Participants against the insurable risks for which Operating Insurance is required.  During any period of negotiations with an insurer, or other negotiations which are pending at the expiration of the period of coverage of an Operating Insurance policy, or in the event an Operating Insurance policy is canceled, the Operating Agent shall renew or bind policies as an emergency measure, or may procure policies of insurance which are identical to those which were canceled, or may to the extent possible secure replacement policies which will provide substantially the same coverage as the policy expiring or canceled.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall have the right to request that any mortgagee, trustee or secured party be named on all or any of the Operating Insurance policies as loss payees or additional assureds as their interests may appear.  Such request shall be submitted to the Operating Agent specifying the name or names of such mortgagee, trustee or secured party and such additional information as may be necessary or required to permit it to be included on the policies of Operating Insurance.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On an annual basis, the Operating Agent shall advise the Participants on the status of insurance coverage for the San Juan Project and shall make appropriate recommendations concerning insurance issues to the Coordination Committee. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">113</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">32.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SURPLUS OR RETIRED PROPERTY:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall dispose of surplus property of an operating Unit or property no longer used or useful in the operation of such a Unit and report such disposal to the Participants, both in accordance with practices and procedures established by the Engineering and Operating Committee.  The proceeds from such disposition shall be credited to the Participants in accordance with their Participation Shares.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">114</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">33.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REMOVAL OF OPERATING AGENT:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall serve as such during the term of this Agreement unless it resigns as Operating Agent by giving notice to the Participants at least one (1) year in advance of the date of resignation or until receipt by the Operating Agent of notice of its removal as provided in Section 33.2.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent may be removed as Operating Agent for any one of the following reasons:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent may be removed by action of the Coordination Committee if, in the judgment of the Coordination Committee (voting as provided for in Section 18.4), the best interests of the San Juan Project require that a new Operating Agent be selected.  Any Participant seeking a Coordination Committee determination to remove the Operating Agent shall provide to the Operating Agent and to all of the Participants a written statement, detailing the reasons why, in the judgment of the initiating Participant, the Operating Agent should be removed.  Within  thirty  (30)  days  after  receipt  by  the  Operating  Agent  of  this  written statement, the Operating Agent shall prepare and serve upon all of the Participants its response which shall contain a detailed rebuttal of the allegations made in the initiating statement.  Within the same thirty (30) day period, any other Participant may  also  prepare  and  serve  upon  the  Operating  Agent  and  the  Participants  a statement responding to the allegations in the initiating statement.  Within twenty (20) days after service of all such response statements, the Coordination Committee shall meet to consider what action, if any, to take with regard to the removal of the Operating Agent.  If, pursuant to this Section 33.2.1, the Coordination Committee </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">115</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">removes the Operating Agent, such removal shall be effective upon the date established by the Coordination Committee.  If the Operating Agent or any Participant is dissatisfied with the action of the Coordination Committee, it shall have the right to seek arbitration under Section 37, but no demand for arbitration shall stay the decision of the Coordination Committee to remove the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, pursuant to the provisions of Section 34, it is determined that the Operating Agent is in default of its obligations under this Agreement, the Operating Agent may be removed by written notice given by any Participant under Section 34.1.2, which notice shall state the effective date of the removal of the Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Notwithstanding the pendency of any actions to remove the Operating Agent, the Operating Agent shall continue in good faith to exercise its obligations as Operating Agent.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Prior to the effective date of a resignation of the Operating Agent, or prior to the date of removal of the Operating Agent in accordance with Section 33.2, the Coordination Committee shall by written agreement designate a new Operating Agent, which may, but need not, be a Participant.  The Coordination Committee may designate an interim Operating Agent pending selection of a permanent Operating Agent.  Acceptance by the new Operating Agent of its appointment as such shall constitute its agreement to perform the obligations of the Operating Agent under this Agreement. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">116</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:90px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">34.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEFAULTS BY OPERATING AGENT:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">34.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The following provisions shall apply solely in regard to violations or allegations of violations of this Agreement by the Operating Agent on the basis of which removal of the Operating Agent is sought:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">34.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event any Participant shall be of the opinion that an action taken or failed to be taken by the Operating Agent constitutes a violation of this Agreement, it may give written notice thereof to the Operating Agent and the other Participants, together with a statement of the basis for its opinion.  Thereupon, the Operating Agent may prepare a statement of the reasons justifying its action or failure to take action.  If agreement in settling the dispute is not reached between the Operating Agent and such Participant which gave such notice, then the matter shall be submitted to arbitration in the manner provided in Section 37.  During the continuance of the arbitration proceedings, the Operating Agent may continue such action taken or failed to be taken in the manner it deems most advisable and consistent with this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">34.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If it is determined that the Operating Agent is violating this Agreement, then the Operating Agent shall act with due diligence to end such violation and shall, within thirty (30) days or within such lesser time following the determination as may be prescribed in the determination, take action or commence action in good faith to terminate such violation.  In the event that the complaining Participant is of the opinion that the Operating Agent has not taken such action to correct, or to commence action to correct, the violation within such allowed period, </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">117</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">the complaining Participant shall be entitled to submit the question of the Operating Agent&#8217;s good faith action to terminate such violation to arbitration as provided in Section&#160;37.  If it is determined that the Operating Agent has not acted with due diligence or good faith to terminate such violation, it shall be deemed to be in default and shall be subject to removal, after the arbitration determination, within fifteen (15) days after receipt of notice executed by the complaining Participant in accordance with Section&#160;42.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">34.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The provisions of Section 35, excepting Sections 35.8 and 35.9, shall not apply to disputes as to whether or not an action or non-action of the Operating Agent, in its capacity as Operating Agent, is a violation or default under this Agreement.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">118</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART VII</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DEFAULTS, LIABILITY AND ARBITRATION</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">35.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEFAULTS:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant shall pay all monies and carry out all other performances, duties and obligations agreed to be paid or performed by it pursuant to all of the terms and conditions set forth and contained in the Project Agreements, and a default by any Participant in the covenants and obligations to be by it kept and performed pursuant to the terms and conditions set forth and contained in any of the Project Agreements shall be an act of default under this Agreement.  A default under the Mine Reclamation Agreement or the Decommissioning Agreement is not a default under this Agreement.  If a Participant breaches a performance obligation under Section 5 of the Restructuring Agreement, which provisions are incorporated in Section 23 of this Agreement, the non-defaulting Participants&#8217; remedies shall be as provided in this Agreement.  A default under any other section of the Restructuring Agreement shall not be a default under this Agreement, irrespective of whether it is incorporated in this Agreement, and remedies for such a default shall be as provided in the Restructuring Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event of a default by a Participant in any of the terms and conditions of this Agreement to be performed by that Participant, the following shall apply:</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall give a written notice of the default to the defaulting Participant and the other Participants in accordance with Section 35.2.2.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The notice of default shall specify the existence, nature and extent of the default.  Upon receipt of the notice of default, the defaulting Participant shall </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">119</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">immediately take all steps necessary to cure the default as promptly and completely as possible.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that any Participant shall dispute an asserted default by it, then such Participant shall pay the disputed payment or perform the disputed obligation, but may do so under protest.   The protest shall be in writing, shall accompany the disputed payment or precede the performance of the disputed obligation(s), and shall specify the reason upon which the protest is based.  Copies of such protest shall be mailed by such Participant to all other Participants and to the Operating Agent.  Payments not made under protest shall be deemed correct, except to the extent that periodic or annual audits may reveal over or under payment by a Participant or may necessitate adjustments.  In the event it is determined by arbitration, pursuant to the provisions of this Agreement or otherwise, that the protesting Participant is entitled to a refund of all or any portion of a disputed payment or payments, or is entitled to the reasonable equivalent in money of non-monetary performance of a disputed obligation theretofore made, then, upon such determination, the non-protesting Participant(s) shall reimburse such amount to the protesting Participant, together with interest thereon at the rate of ten percent (10%) per annum, or the maximum legal rate of interest, whichever is lesser, from the date of payment or of the performance of a disputed obligation to the date of reimbursement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In the event a default shall continue for a period of ten (10) days or more after the notice given by the Operating Agent in accordance with Section 35.2 without having been cured by the defaulting Participant, or without such defaulting Participant having commenced or continued action in good faith to cure such default, the following shall apply:</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">120</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the defaulting Participant has failed to cure such default or to commence such good faith action during said ten (10) day period, the Operating Agent shall make a written report to the Engineering and Operating Committee concerning the status of the default and shall, on the next working day after such ten (10) day period, notify the defaulting Participant in writing that the Operating Agent intends to declare the defaulting Participant in default under the Project Agreements unless there is a prompt cure of the default.  Seven (7) days after the giving of such notice to the defaulting Participant, the Operating Agent shall make a second written report to the Engineering and Operating Committee concerning the status of the default and the efforts, if any, of the defaulting Participant to cure the default.  If, within seven (7) additional days, the defaulting Participant has neither cured nor reasonably commenced to cure the default, the Operating Agent shall declare the defaulting Participant in default under the Project Agreements and shall provide written notification of the declaration of default to the defaulting Participant and to the Engineering and Operating Committee.  Thereafter, and for so long as the default is not remedied and the declaration of default is not revoked by the Operating Agent, all rights of the defaulting Participant under the Project Agreements shall be suspended, including the right to vote on all committees and to receive all or any part of its proportionate share of the Net Effective Generating Capacity.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within seventeen (17) days after the notice by the Operating Agent, as provided for in Section 35.2, the Operating Agent shall prepare special operating procedures  for  approval  by  the  Engineering  and  Operating  Committee  that will </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">121</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">apply during the period of suspension under Section 35.4.1.  Upon approval by the Engineering and Operating Committee, the Operating Agent shall provide notice to each Participant of such special procedures.  These special procedures shall include:</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A tabulation in form similar to Section 6.2 of the percentages of costs to be borne by the non-defaulting Participants pursuant to Section 35.5;</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Billing and accounting of such costs;</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Dispatch and scheduling of the defaulting Participant&#8217;s proportionate share of Net Effective Generating Capacity; and</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any other items required for the optimal use of the San Juan Project and the mitigation of damages by the non-defaulting Participants.</font></div><div style="line-height:240%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If the Operating Agent proposes to broker all or a portion of the defaulting Participant&#8217;s proportionate share of Net Effective Generating Capacity on behalf of one or more non-defaulting Participants, the form of such an agreement shall be incorporated in such procedures.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within  twenty  (20)  days  after  the  declaration  of  a  default,  as provided for in Section 35.4.1, the defaulting Participant and the non-defaulting Participants shall convene a meeting to address the defaulting Participant&#8217;s situation and its intentions with regard to curing its default.  The defaulting Participant shall promptly prepare a cure plan for approval by the members of the Coordination Committee entitled to vote thereon.  The cure plan shall address the defaulting Participant&#8217;s  plan  to  cure  the  default  and  restore itself to full participation as an </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">122</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">owner of the San Juan Project.  The Coordination Committee, by vote of the members of the Coordination Committee entitled to vote thereon, will monitor the defaulting Participant&#8217;s compliance with the terms and conditions of the cure plan and if it appears to the Coordination Committee that the defaulting Participant is or will be unable to comply with the terms of an approved cure plan, the Coordination Committee shall consider what actions may be required to address such inability, including, but not limited to, directing the Operating Agent to take such actions as may be appropriate.  It is the intent of the Participants that any defaults shall be cured on as expeditious a basis as reasonably possible. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A demand for arbitration of an asserted default pursuant to Section 37 shall not stay the suspension of the rights of the defaulting Participant, but in the event that the board of arbitrators shall determine that the asserted default did not in fact exist or occur, the arbitrators shall specify a method of fully and fairly compensating the Participant which, under Section 35.4.1, was denied the right to vote on committee actions and to receive all or any part of its proportionate share of the Net Effective Generating Capacity.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;During  any  period  when  the  suspension  provided  for  in  Section 35.4.1 is in effect, the non-defaulting Participant(s) having a Participation Share in the affected Unit or Units: (i) shall bear a proportionate share of all expenses, including but not limited to, the operation and maintenance costs, insurance costs, fuel costs, capital expenditures and other expenses otherwise payable by the defaulting Participant under the Project Agreements, including any obligations related to common equipment and facilities, based upon the relation of the Participation Share of each such non-defaulting Participant(s) </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">123</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">to the Participation Shares of all non-defaulting Participants in the specific Unit or Units; and (ii) shall be entitled to schedule and receive for their accounts their proportionate share of the Net Effective Generating Capacity of the defaulting Participant. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In connection with its cure of the default, the defaulting Participant shall pay promptly upon demand to the non-defaulting Participant(s) the total amount of money (and/or the reasonable equivalent in money of non-monetary performance) paid and/or made by such non-defaulting Participant(s) pursuant to Section 35.5 in order to cure any default by the defaulting Participant, together with interest thereon at the rate of ten percent (10%) per annum, or the maximum legal rate of interest, whichever is the lesser, from the date of the expenditure of such money (or the making of such other performance) by the non-defaulting Participant(s), to the date of such reimbursement by the defaulting Participant, or such greater amount as may be otherwise provided in the Project Agreements.  Any payment obligation of the defaulting Participant shall be reduced by mitigation measures undertaken by the non-defaulting Participants; provided, however, that the payment obligations of the defaulting Participant shall not be reduced by any profits or gains achieved by the non-defaulting Participants as the result of taking a proportionate share of the Net Effective Generating Capacity due to the default of the defaulting Participant.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The suspension of a defaulting Participant shall be terminated and its full rights under the Project Agreements restored when the default(s) have been cured and all compensable costs incurred by the non-defaulting Participant(s) hereunder have been paid by the defaulting Participant or other arrangements acceptable to the non-defaulting Participant(s) have been made.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">124</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No waiver by a non-defaulting Participant of its rights with respect to a default under this Agreement, or with respect to any other matter arising in connection with this Agreement, shall be effective unless the non-defaulting Participant(s) waive in writing their respective rights and any such waiver shall not be deemed to be a waiver with respect to any subsequent default or matter.  No delay short of the statutory period of limitations in asserting or enforcing any right hereunder shall be deemed a waiver of such right.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The rights and remedies provided in this Agreement shall be in addition to the rights and remedies of the Participants as set forth and contained in any other Project Agreement or any rights and remedies the Participants have in law or equity.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">125</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">36.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LIABILITY:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except for any judgment debt for damage resulting from Willful Action and except to the extent any judgment debt is collectible from valid insurance, and subject to the provisions of Sections 36.1.1, 36.4, 36.5, 36.6 and Section 37, each Participant hereby extends to all other Participants, their directors, members of their governing bodies, officers and employees, its covenant not to execute, levy or otherwise enforce a judgment obtained against any of them, including recording or effecting a judgment lien, for any direct, indirect, or consequential loss, damage, claim, cost, charge or expense, whether or not resulting from the negligence of such Participant, its directors, members of its governing body, officers, employees or any person or entity whose negligence would be imputed to such Participant from (i) Operating Work, the design and construction of Capital Improvements or the use or ownership of the San Juan Project or (ii) the performance or nonperformance of the obligations of any Participant under any of the Project Agreements, other than the obligation to pay any monies becoming due.  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event any insurer providing insurance refuses to pay any judgment obtained by a Participant against any other Participant, its directors, members of its governing body, officers or employees on account of liability referred to in Section 36.1, the Participant, its directors, members of its governing body, officers or employees against whom the judgment is obtained shall, at the request of the prevailing Participant and in consideration for the covenant granted in Section 36.1, execute such documents as may be necessary to effect an assignment of its contractual rights against the nonpaying insurer and thereby give the prevailing Participant the opportunity to enforce its judgment directly against such insurer.  In </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">126</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">no event when a judgment debt is collectible from valid insurance shall the Participant obtaining the judgment execute, levy or otherwise enforce the judgment (including recording or effecting a judgment lien) against the Participant, its directors, members of its governing body, officers or employees against whom the judgment was obtained.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">To the extent that Section 41-3-5, New Mexico Statutes Annotated, 1978 compilation (as such section may be amended), shall be applicable and for the purpose of relieving each Participant, its directors, members of its governing body, officers and employees of any liability to make contribution to other non-Participant tortfeasors, the foregoing covenant not to execute hereby effects a reduction of all injured Participants&#8217; damages recoverable against all other non-Participant tortfeasors to the extent of the pro rata share (as referred to in Section 41-3-5, New Mexico Statutes Annotated, 1978 compilation, as such section may be amended) of the other Participants, their directors, members of their governing bodies, officers and employees.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant agrees, upon request by any other Participant, to make, execute and deliver any and all documents or take such other action as may reasonably be required to effectuate the intent of this Section 36.1.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Sections 36.4, 36.5 and 36.6, the costs and expenses of discharging all work liability imposed upon one or more of the Participants, for which payment is not made by insurance, shall be allocated among the Participants in proportion to their respective Participation Shares in the property giving rise to the work liability.  Work liability is defined as liability of one or more Participants for any loss, damage, claim, cost, </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">127</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">charge or expense of any kind or nature (including direct, indirect or consequential) suffered or incurred by any party other than a Participant, whether or not resulting or to result in the future from the negligence of any Participant, its directors, members of its governing body, officers, employees or any other person or entity whose negligence would be imputed to such Participant, that has resulted or may result in the future from (i) performance or nonperformance of the work herein described, (ii) operation, maintenance, use or ownership of the San Juan Project, and (iii) past or future performance or nonperformance of the obligations of any Participant under any of the Project Agreements.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;If it cannot be determined which property gave rise to work liability, the allocation for discharging costs and expenses associated therewith shall be as specified in Section&#160;22.1.7.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except for liability resulting from Willful Action (which subject to the provisions of Section&#160;36.6 shall be the responsibility of the willfully acting Participant), any Participant whose electric customer shall have a claim or bring an action against any other Participant for any death, injury, loss or damage arising out of or in connection with electric service to such customer caused by the operation or failure of operation of the San Juan Project or any portion thereof shall indemnify and hold harmless such other Participant, its directors, members of its governing body, officers and employees from and against any liability for such death, injury, loss or damage.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;Each Participant shall be responsible for any damage, loss, claim, cost, charge or expense that is not covered by insurance and results from its own Willful Action as defined in Section&#160;5.57.2 and shall indemnify and hold harmless the other Participants, their </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">128</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">directors, members of their governing bodies, officers and employees, from any such damage, loss, claim, cost, charge or expense.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Section&#160;36.5, the aggregate liability of any Participant to all other Participants for Willful Action not covered by insurance shall be determined as follows:  </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All such liability for damages, losses, claims, costs, charges or expenses of such Participant shall not exceed fourteen million dollars ($14,000,000) per occurrence.  Each Participant extends to each other Participant, its directors, members of its governing body, officers and employees its covenant not to execute, levy or otherwise enforce a judgment against any of them for any such aggregate liability in excess of fourteen million dollars ($14,000,000) per occurrence.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A claim based on Willful Action must be perfected by filing suit in a  court  of  competent  jurisdiction  within  three  (3)  years  after  the  Willful  Action occurs.   All  claims  made  thereafter  relating  to  the  same Willful Action shall be barred by this Section 36.6.2.  The award to each nonwillfully acting Participant from each Participant determined to have committed Willful Action shall be determined as follows:  (i) Each Participant who successfully files suit for remuneration shall receive the lesser of (a) its final judgment awarded (or settlement made) or (b) its pro rata Participation Share of the fourteen million dollar ($14,000,000) maximum recovery established in Section 36.6.1; (ii) When all pending suits are resolved, those Participants who were awarded judgments or reached settlements but whose claims were not fully satisfied pursuant to Section 36.6.2(i) shall be entitled to participate in any remaining portion of the fourteen </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">129</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">million dollar ($14,000,000) maximum recovery limit, based upon the ratio of the unsatisfied portion of such Participant&#8217;s judgment or settlement to the total unsatisfied portion of all such judgments and settlements.  Such participation shall be limited to the Participants&#8217; unsatisfied judgments or settlements.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The provisions of this Section&#160;36 shall not be construed so as to relieve any insurer of its obligation to pay any insurance proceeds in accordance with the terms and conditions of valid and collectible insurance policies.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If a court of competent jurisdiction determines upon a challenge by a Participant or third party that the provisions of Section 56-7-1, New Mexico Statutes Annotated, 1978 Compilation, as amended, are applicable to this Agreement, the Participants agree that any agreement to indemnify contained in this Agreement shall be enforced only to the extent it requires the indemnitor to indemnify or hold harmless the indemnitee, including its officers, employees or agents, against liability, claims, damages, losses or expenses, including attorney&#8217;s fees, only to the extent that the liability, damages, losses or costs are caused by, or arise out of, the acts or omissions of the indemnitor or its officers, employees or agents.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants agree that the aggregate liability limit of fourteen million dollars ($14,000,000) referenced in Sections&#160;36.6.1 and 36.6.2 may be determined in the future to be inappropriate and shall, at the request of any Participant, make a good faith effort to evaluate and, if appropriate, revise said limit.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">130</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">37.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARBITRATION:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If a dispute between or among any of the Participants (which term, for purposes of this Section 37, shall be deemed to include the Operating Agent) should arise in relation to the performance or nonperformance of any obligation under this Agreement, any Participant(s) may call for submission of the dispute to arbitration, which call shall be binding upon all of the other affected Participant(s).  Disputes arising under the Mine Reclamation Agreement and the Decommissioning Agreement shall be resolved pursuant to the dispute resolution provisions of those agreements.  Disputes arising under Section 5 of the Restructuring Agreement, to the extent such provisions are incorporated in Section 23 of this Agreement, shall be resolved pursuant to the dispute resolution provisions of this Agreement.  Any other disputes arising under the Restructuring Agreement shall be resolved pursuant to the dispute resolution provisions of the Restructuring Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participant(s) calling for arbitration shall give written notice to all other Participants, setting forth in such notice in adequate detail the entity(ies) against whom relief is sought, the nature of the dispute, the amount or amounts, if any, involved in such dispute, and the remedy sought by such arbitration proceedings.  Within twenty (20) days after receipt of such notice, any other Participant(s) involved may, by written response to the first Participant(s), as well as the other Participant(s), submit its or their own statement of the matter at issue and set forth in adequate detail additional related matters or issues to be arbitrated.  Thereafter, the Participant(s) first submitting its or their notice of the matter at issue shall have ten (10) days in which to submit a written rebuttal statement, copies of which shall be provided to all other Participants.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">131</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within ten (10) days following delivery of the last written submittal pursuant to Section 37.2, the affected Participant(s), acting through their respective representatives, shall meet for the purpose of selecting arbitrators.  Each affected Participant, or group of Participants, representing one side of the dispute, shall designate an arbitrator.  The arbitrators so selected shall meet within twenty (20) days following their selection and shall select additional arbitrator(s), the number of which additional arbitrators shall be one (1) less than the total number of arbitrators selected by the affected Participants.  If the arbitrators selected by the affected Participants, as herein provided, shall fail to select such additional arbitrator(s) within said twenty (20) day period, then the arbitrators shall request from the American Arbitration Association (or similar organization if the American Arbitration Association should not exist at the time) a list of arbitrators who are qualified and eligible to serve as hereinafter provided.  The arbitrators selected by the affected Participants shall take turns striking names from the list of arbitrators furnished by the American Arbitration Association, and the last name(s) remaining on said list shall be the additional arbitrator(s).  All arbitrators shall be persons skilled and experienced in the field which gives rise to the dispute, and no person shall be eligible for appointment as an arbitrator who is an officer or employee of any of the Participants to the dispute or is otherwise interested in the matter to be arbitrated.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in this Section 37 or otherwise agreed by the Participants to the dispute, the arbitration shall be governed by the rules and practices of the American Arbitration Association (or rules and practices of a similar organization if the American Arbitration Association should not exist at that time) from time to time in force, except that if such rules and practices, as modified herein, shall conflict with New Mexico </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">132</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Rules of Civil Procedure or any other provisions of New Mexico law then in force which are specifically applicable to arbitration proceedings, such New Mexico laws shall govern.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Included in the issues which may be submitted to arbitration pursuant to this Section 37 is the issue of whether the right to arbitrate a particular dispute is permitted under the Project Agreements.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;The arbitrators shall hear evidence submitted by the respective Participants or group or groups of Participants and may call for additional information, which additional information shall be furnished by the Participant having such information.  The decision of a majority of the arbitrators shall be binding upon all the Participants and shall be based on the provisions of the Project Agreements and New Mexico law.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;This agreement to arbitrate shall be specifically enforceable and the award of the arbitrators shall be final and binding upon the Participants to the extent provided by the laws of the State of New Mexico.  Any award may be filed with the clerk of any court having jurisdiction over the Participants or any of them against whom the award is rendered, and, upon such filing, such award, to the extent permitted by the laws of the jurisdiction in which said award is filed, shall be specifically enforceable or shall form the basis of a declaratory judgment or other similar relief.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;Each Participant or group of Participants shall be responsible for the fees and expenses of the arbitrator selected by that Participant or group of Participants, unless the decision of the arbitrators shall specify some other apportionment of such fees and expenses.  The fees and expenses of the neutral arbitrators shall be shared among the affected Participants equally, unless the decision of the arbitrators shall specify some other </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">133</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">apportionment of such fees and expenses.  All other expenses and costs of the arbitration, including attorney fees, shall be borne by the Participant incurring the same.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In the event that any Participant(s) shall attempt to institute or to carry out the provisions herein set forth in regard to arbitration, and such Participant(s) shall not be able to obtain a valid and enforceable arbitration decree, such Participant(s) shall be entitled to seek legal remedies in a court having jurisdiction in the premises, and the provisions in this Section 37 referring to arbitration decisions shall then be deemed applicable to final decisions of such court.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">134</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART VIII</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RETIREMENT AND RECONSTRUCTION</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">38.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DESTRUCTION, DAMAGE OR CONDEMNATION OF A UNIT:  </font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If all, or substantially all, of a Unit is destroyed, damaged or condemned, then the Participants with Participation Shares in that Unit by unanimous agreement may elect to repair or reconstruct the damaged, destroyed or condemned Unit in such a manner as to restore the Unit to substantially the same general character or use as the original, or to such other character or use as the Participants may then mutually agree.  In the event of such election, it shall be the obligation of the Participants to pay for the costs of such repair or reconstruction in accordance with the Participation Shares of the respective Participants in such Unit, and, upon completion thereof, the Participants&#8217; rights, titles and interests therein shall be as provided in this Agreement.  The retirement of Units 2 and 3 shall not be within the scope of this Section 38.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;Failure to reach unanimous agreement as provided in Section&#160;38.1 shall be deemed to be an election not to repair or reconstruct the damaged, destroyed or condemned Unit, in which event the proceeds from any insurance or from any award shall be distributed to the Participants in accordance with their respective Participation Shares in such Unit.  Disposal of the facilities not destroyed, damaged or condemned shall be considered interim Decommissioning Work under Section 4.2 of the Decommissioning Agreement and the net proceeds from such disposal shall be distributed in accordance with the relevant provisions of the Decommissioning Agreement.  Nothing in this section shall be deemed to preclude any Participant or group of Participants in the Unit from agreeing to repair, reconstruct or replace the damaged, destroyed or condemned Unit.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">135</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that less than substantially all of a Unit is destroyed, damaged or condemned, then it shall be the obligation of the Participants having a Participation Share in such Unit to repair or reconstruct such Unit.  Each Participant shall be obligated to pay its proportionate share of the costs of such repair or reconstruction in accordance with Section 6.2.  This Section 38.3 is subject to the operation of Section 40A.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#32;In the event that any common equipment and/or facility is destroyed, damaged or condemned, then it shall be the obligation of the Participants having a Participation Share in such common equipment and/or facilities to repair or reconstruct such damaged, destroyed or condemned equipment and/or facilities.  Each Participant shall be obligated to pay its proportionate share of the costs of such repair or reconstruction in accordance with Section 6.2.  This Section 38.4 is subject to the operation of Section 40A.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">136</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">39.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RIGHTS OF PARTICIPANTS UPON TERMINATION:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">39.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event the Participants by unanimous agreement abandon, retire or otherwise terminate operation of the San Juan Project prior to the termination of this Agreement, the facilities forming the San Juan Project shall be disposed of or otherwise addressed in a manner consistent with the Decommissioning Agreement. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">137</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">40.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DECOMMISSIONING OF THE PROJECT:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Upon the effective date of the Decommissioning Agreement, the decommissioning of the San Juan Project shall be governed by the Decommissioning Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If PNM or TEP determines, pursuant to Section 4.3.3 of the Decommissioning Agreement, to retain and not decommission certain of its solely owned facilities or property of the San Juan Project, such designating party will be responsible for decommissioning costs associated with such facilities or property.  With respect to facilities or property of the San Juan Project jointly owned by PNM and TEP, any designation pursuant to Section 4.3.3 of the Decommissioning Agreement shall be made jointly by PNM and TEP, and both parties will be responsible for decommissioning costs associated with such facilities or property.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">138</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40A.0&#160;&#160;&#160;&#160;EXTENSION OF TERMINATION DATE FOR LARGE CAPITAL IMPROVEMENT:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40A.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Coordination Committee votes on a CBI for a Large Capital Improvement as provided for in Section 18.4.4, and unanimously approves the Large Capital Improvement, then the project shall be performed and the Participants shall extend the term of this Agreement, if appropriate.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40A.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Coordination Committee votes on a CBI for a Large Capital Improvement  as  provided  for  in  Section  18.4.4,  and  does not unanimously approve the Large Capital Improvement, then the Participant(s) that voted against the Large Capital Improvement (each a &#8220;Disapprover&#8221;) shall have the right to negotiate with third parties or other Participants to market their share of the San Juan Project.  PNM will have a right of first refusal to purchase any Disapprover&#8217;s interest in the San Juan Project as set forth in Section 11.  If no third party or other Participant has agreed to purchase the Disapprover&#8217;s interest within three (3) months of the date of the CBI vote as evidenced by a binding agreement,  then  the  Disapprover  and  the  Participants  that  voted  in  favor  of  the  Large Capital  Improvement  (each  an  &#8220;Approver&#8221;)  shall  negotiate  in  good  faith  for  the conveyance  of  the  Disapprover&#8217;s  rights,  titles  and  interests  in  the  San Juan Project to other Participants, or other equitable option, in a manner consistent with this Agreement that  assures  the  continued  successful  and  proper  operation  and  maintenance of the San Juan Project; provided, however, that no Approver is under any obligation to acquire the rights, titles and interests of the Disapprover.  The Approver&#8217;s acquisition price for the Disapprover&#8217;s ownership interest shall be zero.  No Participant shall unreasonably fail to </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">139</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">grant any requisite approval to a sale or transfer by a Disapprover under this Section 40A.2.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40A.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Participants cannot agree on a Disapprover&#8217;s sale or transfer of its respective rights titles and interests in the San Juan Project, or other equitable option, then the Disapprover shall retain its existing ownership interest in the San Juan Project and the Large Capital Improvement shall not be made.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40A.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any agreement pursuant to Section 40A.2 between a Disapprover and any Approver that acquires the Disapprover&#8217;s right, title and interest in the San Juan Project shall include the following provisions: (i) in the event TEP is a Disapprover, TEP shall transfer its water rights and San Juan Project land to PNM (but not ownership and rights  in  the  Switchyard)  when  it  transfers  its  other rights, titles and interests in the San Juan Project; (ii) the  Disapprover  shall  continue  to  pay  SJCC  for  coal  pursuant  to  the  then-current CSA through the date of transfer; (iii) the Disapprover shall continue to pay SJCC for CCR disposal pursuant to the then-current CCRDA through the date of transfer; (iv)  the  Disapprover  shall  not  be  responsible  for  any  costs associated with any new or future extension of coal supply or CCRDA services; (v) the Approver shall purchase the coal inventory and fuel oil of the Disapprover at book value on the date of transfer; (vi) subject to the terms of the Mine Reclamation Agreement, the Participants shall negotiate in good  faith  to  address  the  allocation  of  post -2017  reclamation  liability  between  the Approvers and Disapprover; (vii) the Disapprover may elect its status as an Opt-in or Opt-out Participant to the extent provided in the Mine Reclamation Agreement; (viii) the responsibility  of  the  Disapprover  and  the  Approvers  for  Capital  Improvements  arising before the transfer shall be addressed; (ix) the Disapprover shall retain its transmission </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">140</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">rights; (x) voting rights shall be adjusted to reflect the exit of the Disapprover and allow the Approvers to approve the Large Capital Improvement; (xi) an environmental baseline study shall be performed under terms agreed by the Approver and Disapprover and indemnification provided to the Disapprover for environmental liabilities arising after the date of transfer of the Disapprover&#8217;s rights, titles and interests in the San Juan Project, in a manner similar to the Restructuring Agreement; (xii) the Disapprover&#8217;s removal from this Agreement; and (xiii) subject to Section 43.9, after the date of transfer, Disapprovers are only responsible for costs and other obligations and liabilities arising under the Restructuring Agreement, the Mine Reclamation Agreement and the Decommissioning Agreement.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">141</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40B.0&#160;&#160;&#160;&#160;EXTENSION OF TERMINATION DATE AND COAL SUPPLY AGREEMENT:</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40B.1  No later than June 30, 2018, the Operating Agent shall have negotiated prices for coal for the San Juan Project, beginning July 1, 2022 for a time period and volume agreed upon by the Participants.  Based upon pricing and other relevant information, the Participants shall provide notification in writing whether they wish to extend the CSA and the term of this Agreement beyond July 1, 2022 (each an &#8220;Extender&#8221;) or do not wish to do so (&#8220;Non-Extender&#8221;).  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40B.2&#160;&#160;&#160;&#160; If all Participants are Extenders, then the Participants shall negotiate a binding extension of the CSA and shall extend this Agreement for an appropriate term beyond July 1, 2022.  If all Participants are Non-Extenders, then this Agreement shall terminate on July 1, 2022, and the Participants shall plan for an orderly closure of the San Juan Project in 2022.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40B.3&#160;&#160;&#160;&#160;If one or more of the Participants are Non-Extenders, such Non-Extenders shall have the right to negotiate with third parties or Extenders to market their interest in the San Juan Project.  The Non-Extender may sell its ownership interest in the Project to a third  party  or  Extender  and  must  have  entered  into  a  binding  agreement  by  November 15, 2018.  PNM shall have a right of first refusal to purchase any Non-Extenders&#8217; interest in the San Juan Project as set forth in Section 11.  If, by November 15, 2018, no third party or Extender has agreed to purchase the Non-Extenders&#8217; interest in the San Juan Project, the Non -Extenders  shall  negotiate  in  good  faith  with  the  Extenders  to  convey  the  Non-Extenders&#8217;  rights,  titles  and  interests  in  the  San  Juan  Project  to  the  Extenders  in  a manner that is consistent with this Agreement and assures the continued successful and proper  operation  and  maintenance  of  the  San  Juan  Project.  The Extender&#8217;s acquisition </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">142</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">price for the Non-Extenders&#8217; ownership interests shall be zero.  No Participant shall unreasonably fail to grant any requisite approval to a sale or transfer by a Non-Extender under this Section 40B.3.  In the event the Extenders and Non-Extenders cannot reach agreement on the conveyance of such ownership interests, they shall plan for an orderly closure of the San Juan Project in 2022.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40B.4&#160;&#160;&#160;&#160;Any agreement pursuant to Section 40B.3 between a Non-Extender and the Extender that acquires the Non-Extender&#8217;s right, title and interest in the San Juan Project shall include the following provisions: (i) in the event TEP is a Non-Extender, TEP shall transfer its water rights and San Juan Project land to PNM (but not ownership and rights in the Switchyard) when it transfers its other rights, titles and interests in the San Juan Project; (ii) the Non-Extenders shall continue to pay SJCC for coal pursuant to the then-current CSA through the date of the transfer; (iii) the Non-Extenders shall continue to pay SJCC for CCR disposal pursuant to the then-current CCRDA through the date of the transfer; (iv) the Non-Extenders shall not be responsible for any costs associated with post-2022 coal supply or CCRDA services; (v) the Extender shall purchase coal inventory and fuel oil of the Non-Extenders at book value on the date of transfer; (vi) subject to the terms of the Mine Reclamation Agreement, the Participants shall negotiate in good faith to address the allocation of post-2017 reclamation liability between Extenders and Non-Extenders; (vii) any Non-Extender may elect its status as an Opt-in or Opt-out Participant to the extent provided in the Mine Reclamation Agreement; (viii) the Non-Extenders will not be responsible for any Capital Improvements after November 15, 2018, that extend the life of the San Juan Project beyond June 30, 2022; (ix) the Non-Extenders will retain their transmission  rights;  (x)  voting  rights  will  be  adjusted  to  reflect  the  exit  of  the  Non-</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">143</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Extenders; (xi) an environmental baseline study shall be performed under terms agreed by the Extender and Non-Extender and indemnification provided to the Non-Extender for environmental liabilities arising after June 30, 2022, in a manner similar to the Restructuring Agreement; (xii) the Non-Extender&#8217;s removal from this Agreement; and (xiii) subject to Section 43.9, after the date of transfer, Non-Extenders are only responsible for costs and other obligations and liabilities arising under the Restructuring Agreement, the Mine Reclamation Agreement and the Decommissioning Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">144</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PART IX</font></div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MISCELLANEOUS PROVISIONS</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">41.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RELATIONSHIP OF PARTICIPANTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">41.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective, and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the Participants.  Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided.  No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group.  No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided herein.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">41.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Participants hereby elect to be excluded from the application of Subchapter &#8220;K&#8221; of Chapter 1 of Subtitle &#8220;A&#8221; of the Internal Revenue Code of 1986, or such portion or portions thereof as may be permitted or authorized by the Secretary of the Treasury or its delegate insofar as such subchapter, or any portion or portions thereof, may be applicable to the Participants hereunder. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">145</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">42.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOTICES:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Any notice, demand or request provided for in this Agreement, or served, given or made in connection with it, shall be deemed properly served, given or made (i) when delivered personally or by prepaid overnight courier, with a record of receipt, (ii) the fourth day if mailed by certified mail, return receipt requested, or (iii) the day of transmission, if sent by facsimile or electronic mail during regular business hours or the day after transmission, if sent after regular business hours (provided however, that such facsimile or electronic mail shall be followed on the same day or next business day with the sending of a duplicate notice, demand or request by a nationally recognized prepaid overnight courier with record of receipt), to the persons specified below:</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Public Service Company of New Mexico</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Attn: Vice President, PNM Utility Operations</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Albuquerque, NM 87102</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">With a copy to:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Public Service Company of New Mexico</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">c/o Secretary</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Albuquerque, New Mexico  87102</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Tucson Electric Power Company</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;88 E. Broadway Blvd.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;MS HQE901</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Tucson, Arizona  85701</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Attn: Corporate Secretary</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">City of Farmington</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;c/o City Clerk</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;800 Municipal Drive </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Farmington, NM  87401</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;With a copy to:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">146</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Farmington Electric Utility System</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Electric Utility Director</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;101 North Browning Parkway</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Farmington, NM 87401</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Incorporated County of </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Los Alamos, New Mexico</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;c/o County Clerk</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;1000 Central Ave.</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Suite 240</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Los Alamos, NM  87544</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;with a copy to:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Incorporated County of </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Los Alamos, New Mexico</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;c/o Utilities Manager</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;1000 Central Ave.</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Suite 130</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Los Alamos, NM  87544</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Utah Associated Municipal Power Systems</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;c/o General Manager</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;155 North 400 West</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Suite 480</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Salt Lake City, UT 84103</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">A Participant may, at any time or from time to time, by written notice to the other Participants, change the designation or address of the person so specified as the one to receive notices pursuant to this Agreement. </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Operating Agent shall provide to each Participant a copy of any material notice, demand or request given or received by it in connection with the San Juan Project. </font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">147</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">43.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OTHER PROVISIONS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Participant agrees, upon request by another Participant, to make, execute and deliver any and all documents reasonably required to implement the terms of this Agreement.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No Participant shall be considered to be in default in the performance of any of the obligations hereunder (other than obligations of a Participant to pay costs and expenses) if failure of performance shall be due to uncontrollable forces.  The term &#8220;uncontrollable forces&#8221; shall mean any cause beyond the control of the Participant affected, including but not limited to failure of facilities, flood, earthquake, storm, fire, lightning, epidemic, war, riot, civil disturbance, labor dispute, sabotage or terrorism, restraint by court order or public authority, or failure to obtain approval from a necessary governmental authority which by exercise of due diligence and foresight such Participant could not reasonably have been expected to avoid and which by exercise of due diligence it shall be unable to overcome.  Nothing contained herein shall be construed so as to require a Participant to settle any strike or labor dispute in which it may be involved.  Any Participant rendered unable to fulfill any obligation by reason of uncontrollable forces shall exercise due diligence to remove such inability with all reasonable dispatch.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The captions and headings appearing in this Agreement are inserted merely to facilitate reference and shall have no bearing upon the interpretation of the provisions hereof.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">This Agreement is made under and shall be governed by the laws of the State of New Mexico, without regard to conflicts of law principles.  </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">148</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The covenants and obligations set forth and contained in this Agreement are to be deemed to be independent covenants, not dependent covenants, and the obligation of a Participant to perform all of the obligations and covenants to be by it kept and performed is not conditioned on the performance by another Participant of all of the covenants and obligations to be kept and performed by it.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that any of the terms or conditions of this Agreement, or the application of any such term or condition to any person or circumstance, shall be held invalid by any court having jurisdiction in the premises, the remainder of this Agreement, and the application of such terms or conditions to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All costs or expenses, including all taxes that the Operating Agent is required to pay (but not specifically referred to in other sections of this Agreement), which are incurred by the Operating Agent in connection with the performance of its obligations under this Agreement and which are not specifically allocated to the Participants in accordance with this Agreement shall be equitably allocated among the Participants in a manner to be established by the Coordination Committee.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Should a change in circumstances, economic factors, or basic technology occur which results or may result in a substantial increase or decrease in the benefits to or expenses incurred by a Participant, including the Operating Agent, which such change was not within the reasonable contemplation of the Participants at the time of the execution of this Agreement, the Participants, including the Operating Agent, shall negotiate in good faith in order that an appropriate and equitable adjustment shall be made in the reimbursement of the Operating Agent and in the allocation of expenses among the Participants.  Such </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">149</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">adjustment shall be fair and equitable as to both the Operating Agent and the other Participants.  </font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The execution of this Agreement shall not affect any rights or obligations of the Participants which shall have accrued prior to the effective date of this Agreement, including any such obligation to pay money or take other actions in accordance with the Original San Juan PPA, the Amended and Restated San Juan PPA, the Restructuring Amendment Amending and Restating the Amended and Restated San Juan PPA, the UG-CSA, the Co-Tenancy Agreement, the Operating Agreement, the Restructuring Agreement, the Decommissioning Agreement, the Mine Reclamation Agreement or any other San Juan Project-related agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Sections 35.1 and 37.1, to the extent of any conflict between this Agreement and the Restructuring Agreement, the provisions of the Restructuring Agreement shall control.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">This Agreement terminates and supersedes the Original Exit Date Amendment.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">150</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">44.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION IN COUNTERPARTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">44.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">This Agreement may be executed in any number of counterparts, and each executed counterpart shall have the same force and effect as an original instrument as if all the Participants to the aggregated counterparts had signed the same instrument.  Any signature page of this Agreement may be detached from any counterpart thereof without impairing the legal effect of any signatures thereon and may be attached to any other counterpart of this Agreement identical in form thereto but having attached to it one or more additional pages.  Electronic or pdf signatures have the same effect as an original signature.</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">151</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:240%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">45.0</font></div></td><td style="vertical-align:top;"><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMENDMENTS:</font></div></td></tr></table><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">45.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as provided in Section 45.2, this Agreement may be amended only by written instrument executed by all of the Participants with the same formality as this Agreement.</font></div><div style="line-height:240%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">45.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Coordination Committee, by unanimous vote, may amend any one or more of the exhibits attached to this Agreement.  In the event of any such action by the Coordination Committee, a copy of the new exhibit shall be attached to this Agreement to replace the old or superseded exhibit, without the necessity of formally amending this Agreement.  Any such action shall not affect other provisions of this Agreement, including other exhibits thereto.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">152</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">IN WITNESS WHEREOF</font><font style="font-family:inherit;font-size:12pt;">, the undersigned parties, by their duly authorized representatives, have caused this Agreement to be made as of this 1</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">st</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of September, 2017.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Remaining Participants</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PUBLIC SERVICE COMPANY</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OF NEW MEXICO</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:240px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Chris Olson&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vice President&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TUCSON ELECTRIC POWER COMPANY</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:240px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Mark Mansfield&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vice President, Energy Resources&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE CITY OF FARMINGTON, NEW MEXICO</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Tommy Roberts&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mayor&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE INCORPORATED COUNTY OF LOS ALAMOS, </font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;&#32;&#32;&#32;NEW MEXICO</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ David Izraelevitz&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Council Chair&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">By</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Douglas Hunter&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font></div></td><td style="vertical-align:top;padding-left:48px;"><div style="line-height:120%;text-align:justify;font-size:12pt;text-indent:-48px;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Chief Executive Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">153</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exiting Participants</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">M-S-R PUBLIC POWER AGENCY</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Martin R. Hopper&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;General Manager&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SOUTHERN CALIFORNIA PUBLIC POWER </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;&#32;&#32;&#32;AUTHORITY</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Michael S. Webster&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;Executive Director&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CITY OF ANAHEIM</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Dukku Lee&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;Public Utilities General Manager&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TRI-STATE GENERATION AND TRANSMISSION</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;&#32;&#32;&#32;ASSOCIATION, INC.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Michael S. McInnes&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;Chief Executive Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">154</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PNMR Development and Management Corporation</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PNMR DEVELOPMENT AND MANAGEMENT CORPORATION</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Elisabeth Eden&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Its</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;Vice President&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">155</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF NEW MEXICO    )</font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF BERNALILLO )</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 1</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">st</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of Sept., 2017, by Chris Olson, Vice President of Public Service Company of New Mexico, a New Mexico corporation, on behalf of the corporation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">s/ Juliet Maez&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">8/29/20&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF ARIZONA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;text-indent:240px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF &#160;&#160;&#160;&#160;SANTA CRUZ&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 23</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">rd </sup></font><font style="font-family:inherit;font-size:12pt;">day of August, 2017, by Mark Mansfield, VP, Energy Resources, of Tucson Electric Power Company, an Arizona corporation, on behalf of the corporation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Angela Styczykowski&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">June 25, 2019&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">156</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF NEW MEXICO&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF SAN JUAN&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 26</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of July, 2017, by Tommy Roberts, Mayor of The City of Farmington, New Mexico, a New Mexico municipal corporation, on behalf of the municipal corporation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Tamra L. Spencer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">August 17, 2020&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">157</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF NEW MEXICO&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;text-indent:240px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF &#160;&#160;&#160;&#160;LOS ALAMOS&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 27</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of July, 2017, by David Izraelevitz, Council Chair of The Incorporated County of Los Alamos, New Mexico, a New Mexico Class H County, on behalf of said county.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Jacqueline D. Salazar&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">5-24-2021&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">158</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF UTAH&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF SALT LAKE&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 1</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">st</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of August, 2017, by Douglas Hunter of Utah Associated Municipal Power Systems, a political subdivision of the State of Utah, on behalf of said entity.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/Carolyn Sue Beatty&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">11-21-2018&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">159</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF COLORADO&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF &#160;&#160;&#160;&#160;ADAMS&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 31 day of July, 2017, by Michael S. McInnes, CEO of Tri-State Generation and Transmission Association, Inc., a Colorado cooperative corporation, on behalf of the said cooperative corporation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Penny L. McLaughlin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">9/11/2018&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">STATE OF NEW MEXICO    )</font></div><div style="line-height:120%;text-align:justify;text-indent:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;)ss.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COUNTY OF BERNALILLO )</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The foregoing instrument was acknowledged before me on this 1</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">st</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of Sept., 2017, by Elisabeth Eden, Vice President of PNMR Development and Management Corporation, a New Mexico corporation, on behalf of the corporation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ Juliet Maez&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:432px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">My commission expires:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">8/29/20&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">160</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CIVIL CODE &#167; 1189</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:6px;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">A notary public or other officer completing this certificate verifies only the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">identity </font><font style="font-family:inherit;font-size:9.5pt;">of the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">individual </font><font style="font-family:inherit;font-size:9.5pt;">who signed the document to which this certificate is attached, and not the truthfulness, accuracy</font><font style="font-family:inherit;font-size:9.5pt;color:#444444;">, </font><font style="font-family:inherit;font-size:9.5pt;">or validity of that document.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State of California&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">County of   Amador&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 23, 2017, before me, </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Sharon Roethlisberger, Notary Public&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">,&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:9pt;font-style:italic;">&#160;&#160;&#160;&#160;Date&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;    Here Insert Name and Title of the Officer&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">personally appeared</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Martin R. Hopper&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:288px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Name(s) of Signer(s)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">______________________________________________________________________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:384px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WITNESS my hand and official seal.</font></div><div style="line-height:120%;text-align:justify;padding-left:384px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:384px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signature</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">/s/ Sharon Roethlisberger</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;&#32;</font><font style="font-family:inherit;font-size:9pt;font-style:italic;">&#32;&#32;</font></div><div style="line-height:120%;text-align:left;padding-left:444px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">&#32;Signature of Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">My commission expires Aug. 9, 2018</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;&#160;&#160;&#160;&#160;Place Notary Seal Above</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">-----------------------------------------------------------------OPTIONAL----------------------------------------------------------</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Though this section is optional, completing this information can deter alteration of the document or</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">fraudulent reattachment of this form to an unintended document.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Attached Document</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title or Type of Document:_________________________  Document Date: _______________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of Pages: _______ Signer(s) Other Than Named Above: ______________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capacity(ies) Claimed by Signer(s)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><div><a name="s056FEBC1BCFE0BF1811E179CEA4B8C02"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Signer's Name:_____________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Signer's Name:_____________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Corporate Officer ___ Title(s):_________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Corporate Officer ___ Title(s):_________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Other: ____________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Other: ____________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signer Is Representing: _______________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Signer Is Representing: _______________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">__________________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;_________________________________</font></div></div></div><div><a name="s34FB4F125E615EE16821179CEA7CA7D6"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#169;2014 National Notary Association &#183;www.NatlonalNotary.org &#8226; 1-800-US NOTARY (1-800-876-6827)   Item #5907</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">161</font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CIVIL CODE &#167; 1189</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:6px;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">A notary public or other officer completing this certificate verifies only the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">identity </font><font style="font-family:inherit;font-size:9.5pt;">of the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">individual </font><font style="font-family:inherit;font-size:9.5pt;">who signed the document to which this certificate is attached, and not the truthfulness, accuracy</font><font style="font-family:inherit;font-size:9.5pt;color:#444444;">, </font><font style="font-family:inherit;font-size:9.5pt;">or validity of that document.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CIVIL CODE &#167; 1189</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State of California&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">County of   Los Angeles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;August 31, 2017&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">before me, </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Salpi Ortiz, a notary public&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">,</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">&#32;&#32;&#32;&#32;&#32;Date&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Here Insert Name and Title of the Officer&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">personally appeared </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Michael S. Webster&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Name(s) of Signer(s)</font></div><div style="line-height:120%;text-align:justify;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:264px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WITNESS my hand and official seal.</font></div><div style="line-height:120%;text-align:left;padding-left:288px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:264px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signature</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Salpi Ortiz&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;padding-left:312px;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Signature of Notary Public</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[SEAL]</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">My commission expires June 18, 2019</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;Place Notary Seal Above</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">-----------------------------------------------------------------OPTIONAL----------------------------------------------------------</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Attached Document</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title or Type of Document:_________________________  Document Date: _______________</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of Pages: _______ Signer(s) Other Than Named Above: ______________________________</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capacity(ies) Claimed by Signer(s)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><div><a name="s39D5512C5C68006ECF7F179CEABF7C41"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Signer's Name:_____________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Signer's Name:_____________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Corporate Officer ___ Title(s):_________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Corporate Officer ___ Title(s):_________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Other: ____________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Other: ____________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signer Is Representing: _______________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Signer Is Representing: _______________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">__________________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;________________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div></div><div><a name="s939B6B40950869FB7A21179CEAE2C55B"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#169;2014 National Notary Association &#183;www.NatlonalNotary.org &#8226; 1-800-US NOTARY (1-800-876-6827)   Item #5907</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">161</font></div></div><hr style="page-break-after:always"><div><a name="s04B19865530DCB9E7D3A179CEB04FA4C"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CIVIL CODE &#167; 1189</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:6px;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">A notary public or other officer completing this certificate verifies only the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">identity </font><font style="font-family:inherit;font-size:9.5pt;">of the </font><font style="font-family:inherit;font-size:9.5pt;color:#262626;">individual </font><font style="font-family:inherit;font-size:9.5pt;">who signed the document to which this certificate is attached, and not the truthfulness, accuracy</font><font style="font-family:inherit;font-size:9.5pt;color:#444444;">, </font><font style="font-family:inherit;font-size:9.5pt;">or validity of that document.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State of California&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">County of   Orange&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">September 7, 2017</font><font style="font-family:inherit;font-size:10pt;">, before me, </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;J. Lemburg, Notary Public&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">,</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Date&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;    Here Insert Name and Title of the Officer&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">personally appeared</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Dukku Lee&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:288px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Name(s) of Signer(s)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:288px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WITNESS my hand and official seal.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:288px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signature</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">&#32;/s/ J. Lemburg&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:336px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">&#32;&#32;&#32;Signature of Notary Public</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[SEAL]</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">My commission expires October 2, 2019</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;&#160;&#160;&#160;&#160;Place Notary Seal Above</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">-----------------------------------------------------------OPTIONAL--------------------------------------------------------</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Though this section is optional, completing this information can deter alteration of the document or</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">fraudulent reattachment of this form to an unintended document.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Attached Document</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title or Type of Document:_________________________  Document Date: _______________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of Pages: _______ Signer(s) Other Than Named Above: ______________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><div><a name="s05785110426F7EE22CC7179CEB450FDA"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capacity(ies) Claimed by Signer(s)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;Signer's Name:_____________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Signer's Name:_____________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Corporate Officer ___ Title(s):_________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Corporate Officer ___ Title(s):_________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Partner -     &#160;&#160;&#160;&#160;&#9633; Limited&#160;&#160;&#160;&#160;&#9633; General</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Individual&#160;&#160;&#160;&#160;&#9633; Attorney in Fact</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Trustee&#160;&#160;&#160;&#160;&#9633; Guardian or Conservator</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#9633; Other: ____________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9633; Other: ____________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Signer Is Representing: _______________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Signer Is Representing: _______________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">__________________________________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;_________________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div></div><div><a name="sAB88F109D0103AC9961B179CEB5A3D16"></a></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9.9pt;"><font style="font-family:inherit;font-size:9.9pt;">&#169;2014 National Notary Association &#183;www.NatlonalNotary.org &#8226; 1-800-US NOTARY (1-800-876-6827)   Item #5907</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">REFERENCES TO EXHIBITS IN</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PARTICIPATION AGREEMENT</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit No.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;References in Agreement &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject Matter</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">I&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 2.10, 6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Real Property </font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">II&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">III&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 5.44, 6.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Switchyard Facilities</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">IV&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 6.2, 6.2.8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ownership of Equipment</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">V&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 22.1.7, 22.1.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;O&amp;M of Equipment</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">VI&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 7.11, 22.2.2, 22.6, 22.6.1, 22.7-8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A&amp;G Expense&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">VII&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Omitted]</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">VIII&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#167;&#167; 18.4, 19.4, 20.5, 21.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Adjustment of Voting</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s18ECEFF9DF0782508EF3179CEB8A350A"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT I</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s6B7F785A1D83939E1DC1179CEBA8A68B"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT I</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Exhibit I to the Exit Date Amendment Amending and Restating the Amended and Restated San Juan Project Participation Agreement contains a map of the San Juan Project Generating Station site and the River Weir site, showing Parcels A, B, C, C-1 D, E and F, the parcels of real property underlying the San Juan Project and River Weir sites.  Also included in the Exhibit are property descriptions and separate maps showing Parcels A through F. PNM and TEP each has a one-half undivided ownership interest in the parcels described as Parcels A, B, C, D, E and F; and PNM and TEP each has a one-half leasehold interest in Parcel C-1.</font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 1</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL A</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following portions of Township 30 North, Range 15 West, N.M.P.M., San Juan County, New Mexico:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 16:&#160;&#160;&#160;&#160;SW 1/4</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 20:&#160;&#160;&#160;&#160;NE 1/4, N 1/2 SE 1/4, SW 1/4SE 1/4</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 21:&#160;&#160;&#160;&#160;NW 1/4 NW 1/4</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 29:&#160;&#160;&#160;&#160;NE 1/4</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL B</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following portions of Township 30 North, Range 15 West, N.M.P.M., San Juan County, New Mexico:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 19:&#160;&#160;&#160;&#160;SE 1/4 SW 1/4, SW 1/4 SE 1/4 </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 20:&#160;&#160;&#160;&#160;E 1/2 NW 1/4, NE 1/4 SW 1/4</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 29:&#160;&#160;&#160;&#160;NW 1/4, N 1/2 SW 1/4</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 30:&#160;&#160;&#160;&#160;NE 1/4, E 1/2 NW 1/4, N 1/2 SE 1/4</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL C</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">That part of Lot 6 in Section 4 and of Lot 5 in Section 3, Township 29 North, Range 15 West, N.M.P.M., San Juan County, New Mexico, described as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Beginning at a point which is 772.69 feet, South 88&#186;12&#8217;03&#8221; East from Northwest Corner of Lot 6:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Thence, S. 55&#186;50&#8217;29&#8221; E., 205.55 feet; thence, N. 78&#186;21&#8217;34&#8221; E., 457.06 feet; thence N. 88&#186;29&#8217;07&#8221; E., 746.61 feet; thence, S. 25&#186;38&#8217;00&#8221; W., 1,177.50 feet; thence, N. 54&#186;32&#8217;00&#8221; W., 1,291.70 feet; thence, N. 32&#186;1&#8217;00&#8221; E., 372.20 feet to the point of beginning. Containing 21.039 acres, more or less.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL C-1</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A tract of land situated adjacent to the southerly side of the San Juan River in Sections 3, 4, 9 and 10, Township 29 North, Range 15 West, N.M.P.M., San Juan County, New Mexico, and more particularly described as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 2</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Beginning at point A, from which the corner common to Sections 33 and 34, T.30 N., R. 15 W., and Sections 4 and 3, T. 29 N., R 15 W., bears N. 06&#186;09&#8217;45&#8221; E., 4,966.7 feet; thence N. 49&#186;00&#8217;00&#8221; E., 351.95 feet to point B located on the approximate centerline of the San Juan River; thence along the centerline of the River S. 50&#186;44&#8217;26&#8221; E., 268.63 feet to point C; thence continuing along the centerline of the River, S. 41&#186;18&#8217;31&#8221; E., 263.59 feet to point D; thence S. 21&#186;12&#8217;40&#8221; E., 678 feet to point E; thence S. 51&#186;00&#8217;00&#8221; W., 209 feet to point F; thence N. 39&#186;00&#8217;00&#8221; W., 1,160.00 feet to the point of beginning; containing 9.376 acres, more or less.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL D</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following portions of Township 30 North, Range 15 West, N.M.P.M., San Juan County, New Mexico:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 17:&#160;&#160;&#160;&#160;SE 1/4 SW 1/4, S1/2 SE 1/4</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL E</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following portions of Township 30 North, Range 15 West, N.M.P.M., San Juan County, New Mexico:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 19:&#160;&#160;&#160;&#160;SE 1/4 SE 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NE 1/4 SE 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">E 1/2 NW 1/4 SE 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">S 1/2 S 1/2 SE 1/4 NE 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 20:&#160;&#160;&#160;&#160;SE 1/4 SW 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SW 1/4 SW 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NW 1/4 SW 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">S 1/2 SW 1/4 SW 1/4 NW 1/4</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Containing 235 acres, more or less. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PARCEL F</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following portions of Township 30 North, Range 15 West, N.M.P.M., San Juan County, New Mexico:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 20:&#160;&#160;&#160;&#160;SE 1/4 SE 1/4</font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 3</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image1.jpg" alt="conformednewexitdatea_image1.jpg" style="height:861px;width:666px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 4</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image2.jpg" alt="conformednewexitdatea_image2.jpg" style="height:869px;width:666px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 5</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image3.jpg" alt="conformednewexitdatea_image3.jpg" style="height:845px;width:642px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 6</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image4.jpg" alt="conformednewexitdatea_image4.jpg" style="height:888px;width:662px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 7</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image5.jpg" alt="conformednewexitdatea_image5.jpg" style="height:874px;width:658px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 8</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image6.jpg" alt="conformednewexitdatea_image6.jpg" style="height:874px;width:668px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 9</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;"><img src="conformednewexitdatea_image7.jpg" alt="conformednewexitdatea_image7.jpg" style="height:853px;width:657px;"></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. I - 10</font></div><div style="line-height:240%;text-align:center;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sCA28CE639DF89155B88B179CEBDC443B"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">EXHIBIT II  </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">[Omitted]</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sEAE2FF6A3A36781A676E179CEBFD4B17"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:480%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT III</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sD93D81F59B4C0E4DF1F9179CEC1264BD"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:16pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT III</font><font style="font-family:inherit;font-size:16pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SAN JUAN PROJECT SWITCHYARD FACILITIES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Material List </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.65811965811966%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:19%;"></td><td style="width:81%;"></td></tr><tr><td colspan="2" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Phase I &#8211; Project</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;(DWG, ED-54, ED-55)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">QUANTITY</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">DESCRIPTION</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">5</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Circuit Breakers &#8211; (G.E. A.T.B.&#8217;s)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">16</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Motor Operated Disconnect Switches with Stands</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV S&amp;C Circuit Switches with Stands</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Strain Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Rigid Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">4</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Line Deadend Towers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">5</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Intermediate Bus Towers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Start-Up Transformers 345/12.47/4.16 kV, 24/32/40 MVA</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Set of 4.16 kV Switchgear</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">4.16 kV Start-Up Cable Run into Plant</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">4.16 kV Station Service Transformers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Set of 12.45 kV Switchgear</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">12.47 kV Zig-Zag Grounding Transformer</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">6</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV PCM Potential Transformers with Stands (Bus #1, Bus #2)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">6</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Bus Lightning Arresters with Stands</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Control House 40&#8217; x 72&#8217;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Sets of Batteries &amp; Chargers, 125 v and 48 v</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Microwave Tower</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Cable Troughs, Equipment Controls, Breaker Failure Relaying, Fault Recorder</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Metering &#8211; Indication, Billing and Telemetry Transducers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Switchyard Foundations, Fencing, Grading, Grounding</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Line Trap (FC Line)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV PCM Potential Transformer/Coupling Capacitor with Stand</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Line Lightning Arresters with Stands</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Line Relaying, Carrier, Microwave</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345-69-12470 Transformer</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345/230-12470 Transformer, 230 yard</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Reactor &#8211; 12.47 kV, 345 yard</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. III - 1</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.65811965811966%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:19%;"></td><td style="width:81%;"></td></tr><tr><td colspan="2" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Phase 2 &#8211; Project</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;(DWG. SK-135)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">QUANTITY</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">DESCRIPTION</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">4</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Circuit Breakers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Motor Operated Disconnect Switches with Stands</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Strain Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Rigid Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Intermediate Bus Tower</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Cable Troughs, Equipment Controls, Breaker Failure Relaying</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Metering &#8211; Indication, Billing and Telemetry Transducers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Switchyard Foundations, Grounding</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Phase 3 &#8211; Project</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;(DWG. SK-316)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Circuit Breakers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">6</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Motor Operated Disconnect Switches with Stands</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Strain Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Rigid Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Line Deadend Tower</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Intermediate Bus Towers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Cable Troughs, Equipment Controls, Breaker Failure Relaying</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Metering &#8211; Indication, Billing and Telemetry Transducers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Switchyard Foundations and Grounding</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Phase 3 &#8211; Project</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;(DWG. SK-317)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Circuit Breakers</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">4</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">345 kV Motor Operated Disconnect Switches with Stands</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Strain Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Rigid Bus and Fittings</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Intermediate Bus Tower</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lot</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Switchyard Foundations, Grounding</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. III - 2</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s77B902E10DAB3C366A49179CEC330743"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT IV</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s326C42D4196B1AAAA46F179CEC65E1A9"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(a)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNIT NO. 1</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC-</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Start-Up, Unit Auxiliary, and SO2 Scrubber Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System (Up to but not including Dewatering Tank or Ash Water Pump building and equipment.)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 1</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(a)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the 650-pound Reheat Steam Line and Desuperheater from the Plant Main Steam Line but not including the 165-pound Control Valve and Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SSR Protection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 2</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(b)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNIT NO. 2</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Start-Up, Unit Auxiliary, and SO2 Scrubber Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System (Up to but not including Dewatering Tank or Ash Water Pump building and equipment.)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 3</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(b)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the 650-pound Reheat Steam Line and Desuperheater from the Plant Main Steam Line but not including the 165-pound Control Valve and Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 4</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(c)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNIT NO. 3</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.5982905982906%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:44%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:37%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Unit Auxiliary 3A and 3B Transformers*</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System including:  Hopper, Dewatering Tank, Setting Tank, Surge Tank, Storage Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 5</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(c)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil Ignitor Heaters and Unit Specific Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">19.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Reclaim Hoppers, Feeders, Feeder Belts, Belt Scales, Fire Protection System, and 3C Conveyor to the Secondary Crusher Building</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">20.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SSR Protection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">21.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Steam Header Piping System:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Including the Unit Specific Branch Line to the Reheat System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Not included is the Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;*</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM and TEP each owns a 50% interest in the main unit transformer</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 6</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(d)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNIT NO. 4</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.44444444444444%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:43%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:32%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">77.297</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.028</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.475</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Unit Auxiliary 4A and 4B Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System including:  Hopper, Dewatering Tank, Setting Tank, Surge Tank, Storage Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 7</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(d)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil Ignitor Heaters and Unit Specific Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">19.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Reclaim Hoppers, Feeders, Feeder Belts, Belt Scales, Fire Protection System, and 3D Conveyor to the Secondary Crusher Building</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">20.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Steam Header Piping System:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Including the Unit Specific Branch Line to the Reheat System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Not included is the Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 8</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(e)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNITS NO. 1 AND 2</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash Dewatering Facility including: Dewatering Tank, Settling Tank, Surge Tank, Storage Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Demineralizer System including: Clarifier, Storage Tanks, and Sump Pump </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil System (Fuel Oil for Ignition and Flame Stabilization)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Premix Tank Facility (This was the wastewater neutralizer facility and is now operated as part of the Water Management System.)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Instrument Air system, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chemical Feed System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower Systems</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chlorination System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Plant Air System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sootblowing Air System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Hydrogen Storage System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 9</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(e)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Handling Reclaim Systems A and B including: Hoppers, Feeders, Reclaim Conveyors, Belt Scales, and Sprinkler System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Tripper System south of column, Line 12 including Dust Collection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Lube Oil Storage and Transfer System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Control Room, Equipment Rooms, and Associated HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Crane south of column, Line 12</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil, Ash, and Water Pipe Racks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Fill System for Units 1 and 2</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">All spare parts common to either unit</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">19.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Backup Scrubber-Absorber Transformer</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">20.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SAR Multiplexer Control System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 10</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(f)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT SPECIFIC </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TO SAN JUAN UNITS NO. 3 AND 4</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.36752136752136%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:42%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">77.297</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.028%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.475</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;Bearing Cooling Water System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;Demineralizer System: including Sump Pumps, Filter Beds, and Storage Tanks</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil System (Fuel Oil for Ignition and Flame Stabilization except Ignitor Heaters and Unit Specific Piping)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Wastewater Neutralizer Facility (This facility is operated as part of Water Management System.)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.&#160;&#160;&#160;&#160;Instrument Air System except Unit Piping </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.&#160;&#160;&#160;&#160;Chemical Feed System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower Systems</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chlorination System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.&#160;&#160;&#160;&#160;Plant Air System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.&#160;&#160;&#160;&#160;Sootblowing Air System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.&#160;&#160;&#160;&#160;Start-Up Transformers and Nonseg Bus to Units 3 and 4 Switchgear</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.&#160;&#160;&#160;&#160;Hydrogen Storage System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.&#160;&#160;&#160;&#160;Coal Tripper System Serving Units 3 and 4 including Dust Collection Systems</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 11</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(f)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.&#160;&#160;&#160;&#160;Turbine Lube Oil Storage and Transfer System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">13.&#160;&#160;&#160;&#160;Control Room, Equipment Rooms, and Associated HVAC System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.&#160;&#160;&#160;&#160;Boiler Fill System for Units 3 and 4</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Cooling Systems including Auxiliary Cooling Tower No. 1 and Pumps, but excepting No. 4 Tower Pumps and Piping which is Unit Specific</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.&#160;&#160;&#160;&#160;CO2 Storage System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17.&#160;&#160;&#160;&#160;Start-Up Boiler Feed Pump</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.&#160;&#160;&#160;&#160;Turbine Bay Crane north of column, Line 12</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.&#160;&#160;&#160;&#160;Fuel Oil, Ash, and Water Pipe Racks</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.&#160;&#160;&#160;&#160;Fire Water Booster and Jockey Pumps</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21.&#160;&#160;&#160;&#160;Halon Fire Protection System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">22.&#160;&#160;&#160;&#160;Cooling Tower Multiplex Control System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">23.&#160;&#160;&#160;&#160;All spare parts common to either unit</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 12</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COMMON TO ALL FOUR SAN JUAN UNITS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Ownership</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.36752136752136%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:42%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66.344</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.068</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.203</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.076</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.309</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">River and Raw Water System including:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Diversion and intake structures, including all equipment and pump building. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Raw Water line to reservoir.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reservoir, pump buildings, and all equipment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Raw water lines to plant yard.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">All above and underground fire protection system to each vendor supplied or unit specific fire protection system.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;Auxiliary Boiler</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.&#160;&#160;&#160;&#160;SO2 Removal System except Absorbers</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOTE: The new SO2 Absorber Feed System is being placed in-service to replace the SO2 Chemical Plant previously used by the Project. The SO2 Chemical Plant facilities will be retired in place and will be salvaged or decommissioned at a later date. Section 3.1 describes the new SO2 Absorber Feed System while Section 3.2 describes the old SO2 Chemical Plant.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.1&#160;&#160;&#160;&#160;SO2 Absorber Feed System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Limestone Handling System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Limestone Preparation System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dewatering System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Gypsum Stack Out System</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 13</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.2&#160;&#160;&#160;&#160;SO2 Chemical Plant</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Double effect evaporator train systems.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly ash filter system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Absorber product and feed tanks.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate collection, storage, and transfer systems.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Soda ash storage, mixing, and distribution systems.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">f.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sulfate purge system including: crystallizers, centrifuges, evaporators, and salt cake system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">g.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sulfuric acid plant system including storage tanks and load out system. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">h.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary. No. 2 cooling tower, pumps, and systems.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.&#160;&#160;&#160;&#160;Spare-Main Transformer 345/24 kV for all units.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.&#160;&#160;&#160;&#160;Maintenance, Office, and Warehousing Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.&#160;&#160;&#160;&#160;Chemical Laboratory</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.&#160;&#160;&#160;&#160;Coal and Ash Handling Control Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.&#160;&#160;&#160;&#160;Roads and grounds such as fencing, yard lighting, guard facilities, drainage, and dikes.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.&#160;&#160;&#160;&#160;Potable Water System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Environmental Monitoring systems including Air, Water, and Ground. Excludes Stack Monitoring Systems which are unit specific.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.&#160;&#160;&#160;&#160;Transportation such as trucks, cars, and dozers (not otherwise charged).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.&#160;&#160;&#160;&#160;Water Management System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Wastewater Recovery System -- Northside</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reverse osmosis system including lime/soda softening clarifier system. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Brine concentrator Nos. 4 and 5.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Process pond No. 3 and pump system</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">North evaporation ponds 1, 2, and 3.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 14</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Waste Treatment System -- Southside</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Process ponds 1A, 1 B, 2 and pumping system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Premix tank and clarifier system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Oxidation towers.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Brine concentrator Nos. 2 and 3.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">South evaporation ponds Nos. 1, 2, 3, 4, and 5.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Data Acquisition System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Solid Waste Disposal Pit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal pile runoff pond</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Transfer Facilities from the Reclaim Conveyors to the Head-End of Plat Belts 4A and 4B and Dust Suppression Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Maintenance Bay Facilities including: Bay Bridge Crane, all Offices, and Support Facilities</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.&#160;&#160;&#160;&#160;Sewage Treatment Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">On each of Units 1 and 2, the Chemical Plant 165-pound Control Valve, and Branch Line from the Unit Specific 650-pound Rehear Steam Line</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">On each of Units 3 and 4, the Chemical Plant Branch Steam Line from the Unit Specific Auxiliary Steam Header System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 15</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(h)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SAN JUAN PROJECT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SWITCHYARD FACILITIES </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cost Allocation (%)</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:34%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:14%;"></td><td style="width:17%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:2%;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Installed Cost</font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Replacements/Improvements</font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Betterments</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TEP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PNM</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TEP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">345 kV Bus 1 &amp; 3 (East Bus)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bus 2 (West Bus)</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Circuit Breakers</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">06582 (345/230)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5482</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">04382 (OJO)</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12982 (McKinley)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11882</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10782 (Unit 4)</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">09882 (McKinley)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">58.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">41.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">62.5</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37.5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8782</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">54.16</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">45.84</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">56.25</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43.75</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">07682 (Unit 3)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15282 (Four Comers)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14182</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">13082 (Unit 2)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18582 (West Mesa)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17482</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16382 (Unit 1)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20,782</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Shunt Reactors</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Ojo</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">McKinley 1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.36</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">94.64</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.36</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">94.64</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">McKinley 2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">83.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">75</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WW (BA)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 16</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT IV(h)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:34%;"></td><td style="width:16%;"></td><td style="width:15%;"></td><td style="width:17%;"></td><td style="width:15%;"></td><td style="width:3%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Installed Cost</font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Replacements/Improvements</font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Betterments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TEP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PNM</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TEP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transformers</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Station Aux. No. 2</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;400 MVA, 345/230-12.5 </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Station Aux. No. 1</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;345/4.16-12.5 </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Station Aux. No. 3</font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;90 MVA, 345/69-12.5</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Future Facilities</font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">345/69/12 kV</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.33</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2-345 kV Bkrs (Durango)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lower Voltage</font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">230 kV Control Hse</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">83.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">83.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.67</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">230/69 kV Trf</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.33</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">66.67</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.33</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Shiprock 230 kV line</font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. IV - 17</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s3A2C1BF23A9A10D8EDAF179CEC9AE611"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT V</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sA9772465F626E9AAD78E179CECB9A5E3"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(a)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SPECIFIC TO SAN JUAN UNIT NO. 1</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Start-Up, Unit Auxiliary, and SO2 Scrubber Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System (Up to but not including Dewatering Tank or Ash Water Pump building and equipment)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 1</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(a)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the 650-pound Reheat Steam Line and Desuperheater from the Plant Main Steam Line but not including the 165-pound Control Valve and Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SSR Protection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 2</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(b)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SPECIFIC TO SAN JUAN UNIT NO. 2</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Start-Up, Unit Auxiliary, and SO2 Scrubber Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System (Up to but not including Dewatering Tank or Ash Water Pump building and equipment) </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 3</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(b)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the 650-pound Reheat Steam Line and Desuperheater from the Plant Main Steam Line but not including the 165-pound Control Valve and Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 4</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(c)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SPECIFIC TO SAN JUAN UNIT NO. 3</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.5982905982906%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:44%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:37%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">100</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Unit Auxiliary 3A and 3B Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System including:  Hopper, Dewatering Tank, Setting Tank, Surge Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 5</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(c)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the Reheat Steam Line from the Auxiliary Steam Header</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil Ignitor Heaters and Unit Specific Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">19.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SSR Protection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">20.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Steam Header Piping System:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Including the Unit Specific Branch Line to the Reheat System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Not included is the Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 6</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(d)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SPECIFIC TO SAN JUAN UNIT NO. 4</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.44444444444444%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:43%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:32%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">77.297</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.028</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.475</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condenser</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Feedwater Heaters</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Feed Pumps</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Storage Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler including: Air Heaters, Pulverizers, Bunkers, Feeders and Blowdown Tanks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Forced Draft Fans and Primary Air Fans</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Precipitator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Stack and Stack Monitoring System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Circulating Water Pumps</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Main, Unit Auxiliary 4A and 4B Transformers</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash System including:  Hopper, Dewatering Tank, Setting Tank, Surge Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fly Ash System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 7</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(d)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Building HVAC System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Absorbers, Scrubbers, Transfer Pumps, Booster Fans, and Flue Gas Reheat System including the Reheat Steam Line from the Auxiliary Steam Header </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Emergency Diesel Generator</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Electrical and Control Systems</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil Ignitor Heaters and Unit Specific Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Unit Specific Piping for all Air Systems, Chemical Feed Systems, and Hydrogen</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">19.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Steam Header Piping System:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Including the Unit Specific Branch Line to the Reheat System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Not included is the Branch Line to the Chemical Plant</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 8</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(e)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COMMON TO SAN JUAN UNITS NO. 1 AND 2</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:90.8119658119658%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:46%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bottom Ash Dewatering Facility including: Dewatering Tank, Settling Tank, Surge Tank, Storage Tank, and Pump House</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil System (Fuel Oil for Ignition and Flame Stabilization)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Instrument Air System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chemical Feed System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower Systems</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chlorination System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Plant Air System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sootblowing Air System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Hydrogen Storage System, except Unit Piping</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Tripper System including Dust Collection System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Lube Oil Storage and Transfer System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Control Room, Equipment Rooms, and Associated HVAC System</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 9</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(e)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SO2 Backup Scrubber-Absorber Transformer</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Turbine Crane south of column, Line 12</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil, Ash, and Water Pipe Racks</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">15.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler Fill System </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SAR Multiplexer Control System</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 10</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(f)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COMMON TO SAN JUAN UNITS NO. 3 AND 4</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.36752136752136%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:42%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">77.297</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.028</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.475</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC-</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.2</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;Bearing Cooling Water System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Fuel Oil System (Fuel Oil for Ignition and Flame Stabilization except Ignitor Heaters and Unit Specific Piping)</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.&#160;&#160;&#160;&#160;Instrument Air System except Unit Piping </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.&#160;&#160;&#160;&#160;Chemical Feed System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Condensate and Feedwater System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Boiler</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Bearing Cooling Water System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Cooling Tower Systems</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chlorination System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.&#160;&#160;&#160;&#160;Plant Air System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.&#160;&#160;&#160;&#160;Sootblowing Air System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.&#160;&#160;&#160;&#160;Start-Up Transformers and Nonseg Bus to Units 3 and 4 Switchgear</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.&#160;&#160;&#160;&#160;Hydrogen Storage System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.&#160;&#160;&#160;&#160;Coal Tripper System including Dust Collection Systems</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.&#160;&#160;&#160;&#160;Turbine Lube Oil Storage and Transfer System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.&#160;&#160;&#160;&#160;Control Room, Equipment Rooms, and Associated HVAC System</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 11</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(f)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.&#160;&#160;&#160;&#160;Boiler Fill System </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Auxiliary Cooling Systems including Auxiliary Cooling Tower No. 1 and Pumps, but excepting No. 4 Tower Pumps and Piping which is Unit Specific</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14.&#160;&#160;&#160;&#160;CO2 Storage System except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.&#160;&#160;&#160;&#160;Start-Up Boiler Feed Pump except Unit Piping</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.&#160;&#160;&#160;&#160;Turbine Bay Crane north of column, Line 12</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17.&#160;&#160;&#160;&#160;Fuel Oil, Ash, and Water Pipe Racks</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18.&#160;&#160;&#160;&#160;Fire Water Booster and Jockey Pumps</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.&#160;&#160;&#160;&#160;Halon Fire Protection System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.&#160;&#160;&#160;&#160;Cooling Tower Multiplex Control System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 12</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COMMON TO ALL FOUR SAN JUAN UNITS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation and Maintenance Costs</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.36752136752136%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:42%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">70.381</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19.8</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS -</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.017%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.679</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC -</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.123</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">River and Raw Water System including:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Diversion and intake structures, including all equipment and pump building. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Raw Water line to reservoir.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reservoir, pump buildings, and all equipment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Raw water lines to plant yard.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">All above and underground fire protection system to each vendor supplied or unit specific fire protection system.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;Auxiliary Boiler</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.&#160;&#160;&#160;&#160;SO2 Removal System except Absorbers</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOTE:  In April 1998 the new SO2 Absorber Feed System went in-service and replaced the SO2 Chemical Plant previously used by the Project. The SO2 Chemical Plant facilities are retired in place and will be salvaged or decommissioned at a later date. Section 3.1 describes the new SO2 Absorber Feed System while Section 3.2 describes the old SO2 Chemical Plant.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.1&#160;&#160;&#160;&#160;SO2 Absorber Feed System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Limestone Handling System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Limestone Preparation System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dewatering System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Gypsum Stack Out System</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 13</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.2&#160;&#160;&#160;&#160;SO2 Chemical Plant</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">a.&#160;&#160;&#160;&#160;Double effect evaporator train systems.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">b.&#160;&#160;&#160;&#160;Fly ash filter system.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">c.&#160;&#160;&#160;&#160;Absorber product and feed tanks.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">d.&#160;&#160;&#160;&#160;Condensate collection, storage, and transfer systems.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">e.&#160;&#160;&#160;&#160;Soda ash storage, mixing, and distribution systems.</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">f.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sulfate purge system including: crystallizers, centrifuges, evaporators, and salt cake system.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">g.&#160;&#160;&#160;&#160;Sulfuric acid plant system including storage tanks and load out system. </font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">h.&#160;&#160;&#160;&#160;Auxiliary No. 2 cooling tower, pumps, and systems.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4.&#160;&#160;&#160;&#160;Spare-Main Transformer 345/24 kV for all units.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5.&#160;&#160;&#160;&#160;Maintenance, Office, and Warehousing Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6.&#160;&#160;&#160;&#160;Chemical Laboratory</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7.*&#160;&#160;&#160;&#160;Coal and Ash Handling Control Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8.&#160;&#160;&#160;&#160;Roads and grounds such as fencing, yard lighting, guard facilities, drainage, and dikes.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9.&#160;&#160;&#160;&#160;Potable Water System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">10.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Environmental Monitoring systems including Air, Water, and Ground. Excludes Stack Monitoring Systems which are unit specific.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11.&#160;&#160;&#160;&#160;Transportation such as trucks, cars, and dozers (not otherwise charged).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.&#160;&#160;&#160;&#160;Water Management System</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Wastewater Recovery System -- Northside</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Neutralization system including premix tank, neutralization tank, clarifier/thickener, and pumps.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reverse osmosis system including lime/soda softening clarifier system. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Brine concentrator Nos. 4 and 5.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Process pond No. 3 and pump system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">North evaporation ponds 1, 2, and 3.</font></div></td></tr></table><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 14</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(g)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(continued)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">b.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;SO2 Waste Treatment System -- Southside</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Process ponds 1A, 1B, 2 and pumping system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Premix tank and clarifier system.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Oxidation towers.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Brine concentrator Nos. 2 and 3.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:96px;"><font style="font-family:inherit;font-size:12pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">South evaporation ponds Nos. 1, 2, 3, 4, and 5. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">c.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Data Acquisition System</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">d.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Solid Waste Disposal Pit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">e.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal pile runoff pond</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">13.*</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Coal Handling Equipment -- all equipment from all reclaim hoppers ending at the chutes to the tripper conveyors. This includes: hoppers. feeders. feeder belts, reclaim conveyors, plant conveyors, belt scales, fire protection systems, dust suppression systems, magnetic separators, all electrical and controls, and heating and ventilation systems.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">14.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Maintenance Bay Facilities including: Bay Bridge Crane, all Offices, and Support Facilities</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.&#160;&#160;&#160;&#160;Sewage Treatment Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">16.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">All Demineralizer Systems including: Clarifier, Storage Tanks, Sump Pumps, Filter Beds, and Control Systems.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">17.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Chemical Plant 165-pound Control Valve and Branch Line from each of Units 1 and 2 Unit Specific 650-pound Reheat Steam Line.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">18.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Chemical Plant Branch Steam Line from (but not including) the Unit Specific Auxiliary, Steam Header System on each of Units 3 and 4.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">*Maintenance Only</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 15</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(h)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COMMON TO ALL FOUR SAN JUAN UNITS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Operation Costs Only</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:29%;"></td><td style="width:71%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Variable split based on generation by unit</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Farmington</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">LAC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">UAMPS</font></div><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;Coal and Ash Handling Control Facilities</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;Coal Handling Equipment</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">All equipment from all reclaim hoppers ending at the chutes to the tripper conveyors. This includes: hoppers, feeders, feeder belts, reclaim conveyors, plant conveyors, belt scales, fire protection systems, dust suppression systems, magnetic separators, all electrical and control, and heating and ventilation systems.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 16</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXHIBIT V(i)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SWITCHYARD FACILITIES AND EQUIPMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">OPERATION AND MAINTENANCE COSTS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:97px;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:32%;"></td><td style="width:68%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PNM - 65%</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TEP - 35%</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. V - 17</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s47BD36C695B254776D52179CED1D4A6C"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT VI</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s7E95F68B0AC3512F42D0179CED1EC5DB"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">San Juan Operating Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit VI-Attachment A</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">A&amp;G RATIO APPLICABLE TO OPERATION AND MAINTENANCE FOR THE SAN JUAN GENERATING STATION (&#8220;SJGS&#8221;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Operating Agent determines, in accordance with Accounting Practice, the appropriate A&amp;G expense incurred for the benefit of the SJGS and to be billed to the SJGS as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;A&amp;G expenses directly chargeable by on-site San Juan Project employees as set forth in Section 22.2.2;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;A&amp;G expenses directly chargeable by A&amp;G related departments located off-site as set forth in Section 22.2.2; and</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.&#160;&#160;&#160;&#160;Indirect A&amp;G expenses included in the development of the A&amp;G ratio.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Except as set forth in Section 22.0, individuals located off-site must either charge their time and expenses direct to the SJGS or be included in the A&amp;G pool in the development of the A&amp;G Ratio. Costs incurred for the same purpose must be either all charged direct to the SJGS or all be included in the A&amp;G pool, e.g., all staff persons within the same department must either charge direct to the SJGS or to the A&amp;G pool.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Operating Agent conducts an A&amp;G study every three years. However, periodic reviews will be performed to determine if significant organizational changes have occurred that may require the Operating Agent to conduct an A&amp;G study on a basis more frequently than three years.  This study determines the appropriate amount of indirect A&amp;G expense to utilize in the development of the A&amp;G Ratio described below.  </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The FERC A&amp;G accounts included in the A&amp;G study are:  920, 921, 923, 930.2, 931 and 935.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Background</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The responsibility for the SJGS resides in the Operating Agent&#8217;s Bulk Power Business Unit.  The A&amp;G expenses charged to this Business Unit are derived from two areas.  The first component is an allocation of A&amp;G expenses from the Operating Agent&#8217;s Corporate Office to the Bulk Power Business Unit.  These allocations are based on pre-determined methodologies.  The second component of costs are A&amp;G expenses that are directly charged to the Bulk Power Business Unit.  Note:  Any A&amp;G expenses charged directly to the SJGS are excluded from the determination of the A&amp;G Ratio and are not subject to the A&amp;G Ratio.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI-1</font></div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A questionnaire is sent to all managers that have A&amp;G charges to the Bulk Power Business Unit to determine what percentage of their A&amp;G expenses should be included in the development of the A&amp;G Ratio. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The percentages derived from the questionnaires are then applied to the actual A&amp;G amounts charged to the Bulk Power Business Unit for the study year.  Amounts are split between labor and other.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor Ratios for Payroll Taxes (FERC Account 408), Injuries and Damages (FERC Account 925) and Pension and Benefits (FERC Account 926) </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(See Exhibit VI Attachments B, C and D)</font><font style="font-family:inherit;font-size:12pt;">&#32;are applied to the labor portion of the A&amp;G determined above.   </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Other costs included in the development of the A&amp;G Ratio are Depreciation of General Plant (FERC Account 403), Property Insurance (FERC Account 924) and Property Taxes (FERC Account 408) for the Operating Agent&#8217;s headquarters buildings and energy management facility and Amortization of Computer Software (FERC Account 404) for certain software applications that provide benefit to the SJGS. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The portion of the costs related to the Operating Agent&#8217;s headquarters buildings included in the development of the A&amp;G Ratio are derived by applying certain ratios obtained from the A&amp;G study questionnaires. The costs included in the A&amp;G Ratio for the Operating Agent&#8217;s energy management facility are based on the number of MW of SJGS capacity as a percentage of the Operating Agent&#8217;s total generating capacity.  In addition, ratios for determining the amount of software costs to include in the A&amp;G Ratio are based on the specific software application.  For example, if the Operating Agent installed a new payroll system, the amount of costs for this system that would be included in the A&amp;G Ratio calculation would be based on the number of employees at the SJGS as a percent of the Operating Agent&#8217;s total employees.  The Operating Agent reviews each specific software application to determine the method for assigning the appropriate amount of costs to be included in the A&amp;G Ratio calculation.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The A&amp;G ratio shall be applied to the following SJGS costs:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to the operation and maintenance expenses included in Sections 22.2.1, 22.3, 22.4, 22.5 and 23.3.3 of the San Juan Project Participation Agreement.  Such labor dollars are utilized as the denominator in the calculation of the A&amp;G Ratio described below.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The A&amp;G Ratio shall be derived annually based on the preceding year&#8217;s experience, as set forth herein unless otherwise agreed to by the participants.  The A&amp;G Ratio will be adjusted to actuals at year-end and the adjustment will be used in the computation of the A&amp;G Ratio for the following year.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A&amp;G Ratio  =  A/B</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Where A = Administrative and general expense chargeable to FERC Accounts 920, 921,</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 2</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:72px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">923, 930.2, 931 and 935, including Labor Ratios for Payroll Taxes (FERC Account 408), Injuries and Damages (FERC Account 925) and Pension and Benefits (FERC Account 926) plus other related costs for the Operating Agent&#8217;s headquarters buildings and energy management facility for Property Taxes FERC Account (408), Depreciation of General Plant FERC Account (403), and Property Insurance FERC Account (924) plus amortization of certain Computer Software costs charged to FERC Account (404). </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:72px;text-indent:41px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B = Total SJGS operation and maintenance labor paid and accrued excluding labor expenses chargeable to FERC accounts 920 through 935 inclusive.  </font></div><div style="line-height:120%;text-align:center;padding-left:78px;text-indent:-79px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Note:  Any modifications to the methodology utilized for calculating the A&amp;G Ratio described above shall be developed by the San Juan Auditing Committee and approved by the San Juan Coordination Committee.</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 3</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">San Juan Operating Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit VI-Attachment B</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PAYROLL TAX RATIO FOR THE SAN JUAN GENERATING STATION (&#8220;SJGS&#8221;)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Payroll Tax Ratio shall be applied to the following SJGS costs:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to operation and maintenance expenses included in Sections 22.2.1, 22.2.2, 22.2.4, 22.2.5 22.3, 22.4, 22.5 and 23.3.3 of the San Juan Project Participation Agreement.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">2) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to other primary accounts including, but not limited to, FERC Accounts 107, 108, 163, 183, 186 and 188.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Payroll Tax Ratio shall be determined annually on the basis of the Operating Agent&#8217;s preceding year&#8217;s experience adjusted for known changes to comply with regulations applicable to Social Security and Unemployment Compensation as set forth herein unless otherwise agreed to by the participants.  The Payroll Tax Ratio will be adjusted to actuals at year-end and the adjustment will be used in the computation of the ratio for the following year.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Payroll Tax Ratio  =  T/P</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-84px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Where T = The Operating Agent&#8217;s total payroll tax expense chargeable to FERC Account 408.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">P =   The Operating Agent&#8217;s total base labor paid and accrued, less wages paid for time-off allowances plus accruals for time-off allowances.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">Notes:  (1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Base labor is defined as an employee&#8217;s hourly rate times the number of hours worked plus an accrual for time-off allowances.  In addition, base labor also includes overtime pay and special pay.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">(2) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;Time-off allowances are defined as vacation, illness and holiday time.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(3)&#160;&#160;&#160;&#160;Special pay is defined as any other compensation an employee receives that is not part of his/her regular base pay.  Examples include employee recognition awards as well as results based pay, the Operating Agent&#8217;s bonus pay plan.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(4)&#160;&#160;&#160;&#160;Any modifications to the methodology utilized for calculating the Payroll Tax Ratio described above shall be developed by the San Juan Auditing Committee and approved by the San Juan Coordinating Committee.</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 4</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;San Juan Operating Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit VI-Attachment C</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">INJURIES AND DAMAGES RATIO FOR THE </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">SAN JUAN GENERATING STATION (&#8220;SJGS&#8221;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Injuries and Damages Ratio shall be applied to the following SJGS costs:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to operation and maintenance expenses included in Sections 22.2.1, 22.2.2, 22.2.4, 22.2.5 22.3, 22.4, 22.5 and 23.3.3 of the San Juan Project Participation Agreement.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">2) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to other primary accounts including, but not limited to, FERC Accounts 107, 108, 163, 183, 186 and 188.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Injuries and Damages Ratio shall be determined annually on the basis of the Operating Agent&#8217;s preceding year&#8217;s experience as set forth herein unless otherwise agreed to by the participants.  The Injuries and Damages Ratio will be adjusted to actuals at year-end and the adjustment will be used in the computation of the ratio for the following year.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:144px;text-indent:-144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Injuries and Damages Ratio  =  I/P</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:78px;text-indent:-79px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Where I =  The Operating Agent&#8217;s total injuries and damages expense chargeable to FERC Account 925, including payroll taxes, and pension and benefits  on labor chargeable to FERC Account 925.  The amount of payroll taxes and pension and benefits to be added are based on the ratios included in Exhibit VI, Attachments B and D, respectively.  Note:  Any injuries and damages expense charged direct to the SJGS are excluded from the determination of the Injuries and Damages Ratio.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:78px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">P =  The Operating Agent&#8217;s total base labor paid and accrued, less wages paid for time-off allowances plus accruals for time-off allowances less special pay and wages charged direct to FERC Account 925.  </font></div><div style="line-height:120%;text-align:justify;padding-left:78px;text-indent:-79px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">Notes:  (1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Special pay is defined as any other compensation an employee receives that is not part of his/her regular base pay.  Examples include employee recognition awards as well as results based pay, the Operating Agent&#8217;s bonus pay plan.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-84px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:53px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(2)&#160;&#160;&#160;&#160;Any modifications to the methodology utilized for calculating the Injuries and Damages Ratio described above shall be developed by the San Juan Auditing Committee and approved by the San Juan Coordination Committee.</font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-84px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 5</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">San Juan Operating Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit VI-Attachment D</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PENSION AND BENEFITS RATIO FOR THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#32;SAN JUAN GENERATING STATION (&#8220;SJGS&#8221;)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Pension and Benefits Ratio shall be applied to the following SJGS costs:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to operation and maintenance expenses included in Sections 22.2.1, 22.2.2, 22.2.4, 22.2.5 22.3, 22.4, 22.5 and 23.3.3 of the San Juan Project Participation Agreement.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:65px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:41px;"><font style="font-family:inherit;font-size:12pt;">2) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor charged to other primary accounts including, but not limited to, FERC Accounts 107, 108, 163, 183, 186 and 188.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Pension and Benefits Ratio shall be determined annually on the basis of the Operating Agent&#8217;s preceding year&#8217;s experience as set forth herein unless otherwise agreed to by the participants.  The Pension and Benefits Ratio will be adjusted to actuals at year-end and the adjustment will be used in the computation of the ratio for the following year.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pension and Benefits Ratio  =  B/P</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-84px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Where B =  The Operating Agent&#8217;s total  pension and benefits expense chargeable to FERC Account 926, including payroll taxes, and injuries and damages on labor chargeable to FERC Account 926.  The amount of payroll taxes and injuries and damages to be added are based on the ratios included in Exhibit VI, Attachments B and C, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">P  =  The Operating Agent&#8217;s total base labor paid and accrued, less wages paid for time-off allowances plus accruals for time-off allowances, less overtime, part-time, special pay not eligible for pension and benefits and wages charged direct to FERC Account 926. </font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-84px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">Notes:  (1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Special pay is defined as any other compensation an employee receives that is not part of his/her regular base pay.  Examples include employee recognition awards as well as results based pay, the Operating Agent&#8217;s bonus pay plan. Employee recognition awards are not eligible for pension and benefit loadings.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:53px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(2)&#160;&#160;&#160;&#160;Any modifications to the methodology utilized for calculating the Pension and Benefits Ratio described above shall be developed by the San Juan Auditing Committee and approved by the San Juan Coordination Committee.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 6</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">San Juan Operating Agreement</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit VI-Attachment E</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">CAPITALIZED A&amp;G RATIO APPLICABLE TO CAPITAL PROJECTS FOR THE SAN JUAN GENERATING STATION (&#8220;SJGS&#8221;)</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Operating Agent determines the appropriate A&amp;G expense incurred for the benefit of the SJGS and to be billed to the SJGS as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Operating Agent conducts an A&amp;G study every three years. However, periodic reviews will be performed to determine if significant organizational changes have occurred that may require the Operating Agent to conduct an A&amp;G study on a basis more frequently than three years.  This study determines the appropriate amount of indirect A&amp;G expense to utilize in the development of the Capitalized A&amp;G Ratio described below.  </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The FERC A&amp;G accounts included in the A&amp;G study are:  920, 921, 923, 930.2, 931 and 935.  </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Background</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The responsibility for the SJGS resides in the Operating Agent&#8217;s Bulk Power Business Unit.  The A&amp;G expenses charged to this Business Unit are derived from two areas.  The first component is an allocation of A&amp;G expenses from the Operating Agent&#8217;s Corporate Office to the Bulk Power Business Unit.  These allocations are based on pre-determined methodologies.  The second component of costs are A&amp;G expenses that are directly charged to the Bulk Power Business Unit.  Note:  Any A&amp;G expenses charged directly to the SJGS are excluded from the determination of the Capitalized A&amp;G Ratio.  Two Capitalized A&amp;G Ratios are calculated, one for major construction projects (Projects greater than $10,000,000) and one for minor construction projects (Projects less than $10,000,000). </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A questionnaire is sent to all managers that have A&amp;G charges to the Bulk Power Business Unit to determine what percentage of their A&amp;G expenses are capital-related and should be included in the development of the Capitalized A&amp;G Ratios. Amounts are split between labor and other.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Labor Ratios for Payroll Taxes (FERC Account 408), Injuries and Damages (FERC Account 925) and Pension and Benefits (FERC Account 926) (see Exhibit VI Attachments B, C and D) are applied to the labor portion of the A&amp;G determined above.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Capitalized A&amp;G Ratios, shall be applied to all SJGS construction costs except for long-term leased transportation and motorized equipment.  The total amount of these construction dollars are utilized as the denominator in the calculation of the A&amp;G Ratio described below.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 7</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Capitalized  A&amp;G   Ratio  =  A/B</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:78px;text-indent:-79px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Where A = Administrative and general expense chargeable to FERC Accounts 920, 921, 923, 930.2, 931 and 935, including Labor Ratios for Payroll Taxes (FERC Account 408), Injuries and Damages (FERC Account 925) and Pension and Benefits (FERC Account 926) as categorized separately in the A&amp;G questionnaire for major and minor construction expenditures for the study period. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:78px;text-indent:41px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B = Total SJGS capital project amounts for the Bulk Power Business Unit as categorized between major and minor construction projects for the study period chargeable to FERC Accounts 107 and 108. </font></div><div style="line-height:120%;text-align:center;padding-left:78px;text-indent:-79px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Note:  Any modifications to the methodology utilized for calculating the A&amp;G Ratio described above shall be developed by the San Juan Auditing Committee and approved by the San Juan Coordination Committee.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VI - 8</font></div><div style="line-height:240%;text-align:justify;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sE791F12046AC81B6DF50179CED2F8CF5"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT VII</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">[Omitted]</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s1F8B149D0531D2EF1056179CED874B4F"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><a name="s2A2E44F8735ADFD2AAFB179CEDA6EDF1"></a></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT VIII</font></div><div><br></div><div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s5C640A8A55DC80D6C7CB179CEDCDE714"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT VIII</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Proportional Adjustment of Voting Requirements</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">in Case of a Default and Suspension of the Rights of a Participant</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">to Vote Pursuant to Section 35.4.1. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Example Calculation Based on Hypothetical Ownership Percentages:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In the following table, Participant D with Participation Shares in Units 3 and 4 is assumed to be the defaulting Participant. Participation Shares for Voting and Number of Participants for Voting are shown under original or pre-default conditions and are then adjusted as provided in Sections 18.4, 19.4, 20.5, and 21.4 after the right of Participant D to vote is suspended pursuant to Section 35.4.1. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participation Shares for voting pursuant to Sections 18.4.1(a), 18.4.2(a), and 18.4.3(a) are adjusted as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For Units:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Adjusted Participation Share for a Participant = (That Participant&#8217;s Participation Share)/(The sum of the Participation Shares of all non-defaulting Participants in the affected Unit) </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For Common Facilities:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Adjustments related to common facilities shall be proportional to any differing Participation Shares between Units. The above formula would be applied to each Unit and then summed and normalized over the applicable common facilities. Because San Juan Units are of unequal ratings, the normalization will be in proportion to each Unit&#8217;s rating rather than the even fractions in the example below where equally sized units were used for simplicity. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The numbers of Participants used for voting purposes pursuant to the requirements of Sections 18.4.1(b), 18.4.2(b), and 18.4.3(b) are adjusted by subtracting the number of defaulting Participants from the total number of Participants voting under those Sections.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VIII - 1</font></div><div style="line-height:240%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s67CBC8889AC2EC539B37179CEDDB5ABD"></a></div><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.9035639412998%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:18%;"></td><td style="width:17%;"></td><td style="width:1%;"></td><td style="width:22%;"></td><td style="width:20%;"></td><td style="width:1%;"></td><td style="width:21%;"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit or Facility</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Original Participation Shares for Voting: &#167;18.4.1(a), &#167;18.4.2(a), and &#167;18.4.3(a)</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Original Number of Participants for Voting Purposes: &#167;18.4.1(b), &#167;18.4.2(b), and &#167;18.4.3(b)</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Adjusted Participation Shares for Voting - &#167;18.4.1(a), &#167;18.4.2(a), and &#167;18.4.3(a)</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Adjusted Number of Participants for Voting Purposes - &#167;18.4.1(b), &#167;18.4.2(b), and &#167;18.4.3(b)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 1</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 3</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.57</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28.57</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant C</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42.86</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant D</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 4</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.5</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant C</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant D</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant E</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 1 &amp; 2 Common</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">1</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;Computed on Unit 3 Participation Shares as follows: (Participant A) / (Participant A + Participant B + Participant C) = 20% / (20%+20%+30%) = 28.57%</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">2</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;Computed on Unit 4 Participation Shares as follows: (Participant A) / (Participant A + Participant B + Participant C + Participant E) = 10% / (10%+10%+20%+40%) = 12.50%</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VIII - 2</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:240%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.9035639412998%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:18%;"></td><td style="width:17%;"></td><td style="width:1%;"></td><td style="width:22%;"></td><td style="width:20%;"></td><td style="width:1%;"></td><td style="width:21%;"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit or Facility</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Original Participation Shares for Voting: &#167;18.4.1(a), &#167;18.4.2(a), and &#167;18.4.3(a)</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Original Number of Participants for Voting Purposes: &#167;18.4.1(b), &#167;18.4.2(b), and &#167;18.4.3(b)</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Adjusted Participation Shares for Voting - &#167;18.4.1(a), &#167;18.4.2(a), and &#167;18.4.3(a)</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Adjusted Number of Participants for Voting Purposes - &#167;18.4.1(b), &#167;18.4.2(b), and &#167;18.4.3(b)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Unit 3 &amp; 4 Common</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.536</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.536%%</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant C</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33.928</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant D</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant E</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25.000</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Plant Common</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant A</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">32.50</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.268</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">32.50</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.268</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant C</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16.964</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant D</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.50</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">0.00</font></div></td><td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Participant E</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10.00</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">12.500</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;Computed on Unit 3 and 4 Common Participation Shares as follows: Unit 3 Contribution = (Participant A) / (Participant A + Participant B + Participant C) = 20% / (20%+20%+30%) = 28.571%; Unit 4 Contribution = (Participant A) / (Participant A + Participant B + Participant C + Participant E) = 10% / (10%+10%+20%+40%) = 12.500%.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Unit 3 &amp; 4 Common = (Unit 3 Rating)/(Sum of Unit 3 and 4 Ratings) * (Unit 3 Contribution) + (Unit 4 Rating)/(Sum of Unit 3 and 4 Ratings) * (Unit 4 Contribution) = </font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font><font style="font-family:inherit;font-size:11pt;">/</font><font style="font-family:inherit;font-size:11pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:11pt;">(28.571%) + </font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font><font style="font-family:inherit;font-size:11pt;">/</font><font style="font-family:inherit;font-size:11pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:11pt;">(12.500%) = 20.536%</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;Computed on Plant Common Participation Shares as follows:  Unit 1 Contribution = (Participant A) / (Participant A + Participant B) = 50%/(50%+50%) = 50.000%; Unit 2 Contribution = (Participant A) / (Participant A + Participant B) = 50%/(50%+50%) = 50.000%. Unit 3 Contribution = (Participant A) / (Participant A + Participant B + Participant C) = 20%/(20%+20%+30%) = 28.571%; Unit 4 Contribution = (Participant A) / (Participant A + Participant B + Participant C + Participant E) = 10%/(10%+10%+20%+40%) = 12.500%. Plant Common = (Unit 1 Rating)/(Plant Rating) * (Unit 1 Contribution) + (Unit 2 Rating)/(Plant Rating) * (Unit 2 Contribution) + (Unit 3 Rating)/(Plant Rating) * (Unit 3 Contribution) + (Unit 4 Rating)/(Plant Rating) * (Unit 4 Contribution) = 1/4 (50.000%) + 1/4 (50.000%) + 1/4 (28.571%) + 1/4 (12.500%) = 35.268%</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:240%;text-align:center;padding-left:6px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exh. VIII - 3</font></div><div style="line-height:240%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>3
<FILENAME>pnm9302017ex121.htm
<DESCRIPTION>EXHIBIT 12.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s2778D667A1E7D4790808E7FF40F80A61"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:891px;border-collapse:collapse;text-align:left;"><tr><td colspan="26"></td></tr><tr><td style="width:396px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:108px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:48px;"></td><td style="width:4px;"></td><td style="width:8px;"></td><td style="width:9px;"></td><td style="width:51px;"></td><td style="width:4px;"></td><td style="width:13px;"></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 12.1</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM RESOURCES, INC. AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except ratio)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expensed and capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,196</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,592</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">117,932</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">117,337</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">118,880</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125,379</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of debt premium, discount, and expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,875</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,779</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,575</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,194</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,716</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,023</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated interest factor of lease rental charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,905</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,747</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,298</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,686</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,847</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,585</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred dividend requirements of subsidiary</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">600</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">781</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">784</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">809</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">800</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">769</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Total Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">102,576</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,899</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125,589</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127,026</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,243</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">135,756</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings from continuing operations before income taxes and non-controlling interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,158</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">195,174</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,153</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,647</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,069</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,035</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges as above</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">102,576</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,899</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125,589</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127,026</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,243</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">135,756</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,911</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,964</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,753</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,256</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,209</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,432</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-controlling interest in earnings of Valencia</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,519</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,910</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,127</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,521</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,050</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preferred dividend requirements of subsidiary</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(600</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(781</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(784</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(809</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(800</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(769</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings Available for Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,771</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">308,809</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,295</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,481</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,782</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">290,540</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.98</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.26</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">2</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.20</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.14</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Earnings from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2016 includes a pre-tax loss of $15.0 million due to the write-off of regulatory disallowances and restructuring costs at PNM.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.37 for 2016.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">2</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Earnings from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2015 includes a pre-tax loss of $167.5 million due to the write-off of regulatory disallowances and restructuring costs at PNM.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.50 for 2015.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Earnings from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2014 includes a pre-tax loss of $1.1 million due to the write-off of regulatory disallowances at PNM.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.42 for 2014.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Earnings from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2013 includes a pre-tax loss of $12.2 million due to the write-off of regulatory disallowances at PNM.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.29 for 2013.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>4
<FILENAME>pnm9302017ex122.htm
<DESCRIPTION>EXHIBIT 12.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s01C9F6925F079873E448E7FF39204B32"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.74025974025975%;border-collapse:collapse;text-align:left;"><tr><td colspan="26"></td></tr><tr><td style="width:43%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:2%;"></td></tr><tr><td colspan="24" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 12.2</font></div></td><td style="vertical-align:bottom;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except ratio)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expensed and capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,588</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,502</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,695</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,834</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,769</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,864</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of debt premium, discount and expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,632</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,312</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,978</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,944</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,879</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,818</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated interest factor of lease rental charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">874</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,217</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,532</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,732</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,743</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Total Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,094</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,031</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,205</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,319</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,380</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,425</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (loss) from continuing operations before income taxes and non-controlling interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174,734</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,860</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,082</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154,086</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,480</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">156,314</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges as above</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,094</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,031</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,205</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,319</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,380</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,425</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-controlling interest in earnings of Valencia</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,519</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,910</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,127</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,521</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,050</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,831</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,530</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings Available for Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">225,545</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">205,278</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,683</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">219,067</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">217,919</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,375</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.36</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.21</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.59</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">2</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.60</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.55</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.56</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;Earnings (loss) from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2016 includes a pre-tax loss of $15.0 million due to the write-off of regulatory disallowances and restructuring costs.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.37 for 2016.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">2</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;The shortfall in earnings available for fixed charges to achieve a ratio of earnings to fixed charges of 1.00 amounted to $36.5 million for the year ended December 31, 2015.  Earnings (loss) from continuing operations before income taxes includes a pre-tax loss of $167.5 million due to the write-off of regulatory disallowances and restructuring costs.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.48 for 2015.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;Earnings (loss) from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2014 includes a pre-tax loss of $1.1 million due to the write-off of regulatory disallowances.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.61 for 2014.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="26" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;Earnings (loss) from continuing operations before income taxes and non-controlling interest for the year ended December 31, 2013 includes a pre-tax loss of $12.2 million due to the write-off of regulatory disallowances.  If that loss was excluded, the Ratio of Earnings to Fixed Charges would have been 2.70 for 2013.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.3
<SEQUENCE>5
<FILENAME>pnm9302017ex123.htm
<DESCRIPTION>EXHIBIT 12.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s29C8AEE134ED88B4FA10E7FF38AAD775"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:88.35978835978835%;border-collapse:collapse;text-align:left;"><tr><td colspan="26"></td></tr><tr><td style="width:43%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:2%;"></td></tr><tr><td colspan="24" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 12.3</font></div></td><td style="vertical-align:bottom;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TEXAS-NEW MEXICO POWER COMPANY</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except ratio)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31,</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expensed and capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,323</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,698</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,875</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,941</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,481</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,233</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of debt premium, discount and expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">936</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,100</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,195</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,159</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,493</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated interest factor of lease rental charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">893</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,249</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,229</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,311</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,241</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,152</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,986</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,204</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,447</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,881</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,682</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings, as defined by the Securities and Exchange Commission:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings from continuing operations before income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,499</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,508</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,088</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,330</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,711</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,099</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed charges as above</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,152</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,986</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,204</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,447</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,881</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,682</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest capitalized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(613</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(877</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(593</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(609</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(706</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings Available for Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,038</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,617</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,699</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,168</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,231</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,075</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ratio of Earnings to Fixed Charges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.28</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.32</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.18</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.72</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.44</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>6
<FILENAME>pnm9302017ex311.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s8AF07F3E29CB366CF6B6E7FF6A3DDDDA"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.1</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Patricia K. Collawn, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of PNM Resources, Inc.;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chairman, President and Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc.</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>7
<FILENAME>pnm9302017ex312.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sFE8C22901CC4FD062DF0E7FF6AE4C193"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.2</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Charles N. Eldred, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of PNM Resources, Inc.;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc.</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.3
<SEQUENCE>8
<FILENAME>pnm9302017ex313.htm
<DESCRIPTION>EXHIBIT 31.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s9A5A273973DD1C0BF702E7FF6B8B59E5"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.3</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Patricia K. Collawn, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of Public Service Company of New Mexico;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">President and Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.4
<SEQUENCE>9
<FILENAME>pnm9302017ex314.htm
<DESCRIPTION>EXHIBIT 31.4
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s27AA8E85ECC1B019A61AE7FF6C31A87C"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.4</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Charles N. Eldred, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of Public Service Company of New Mexico;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.5
<SEQUENCE>10
<FILENAME>pnm9302017ex315.htm
<DESCRIPTION>EXHIBIT 31.5
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sB5190AE43FDC03E91BF5E7FF6CD7D481"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">577 N. Garden Ridge Blvd.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lewisville, Texas 75067</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.5</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Patricia K. Collawn, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of Texas-New Mexico Power Company;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.6
<SEQUENCE>11
<FILENAME>pnm9302017ex316.htm
<DESCRIPTION>EXHIBIT 31.6
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s3C73427779C56EFF78C6E7FF6D8DB06A"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">577 N. Garden Ridge Blvd.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lewisville, Texas 75067</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 31.6</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I, Charles N. Eldred, certify that:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I have reviewed this Quarterly Report on Form 10-Q of Texas-New Mexico Power Company;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the registrant&#8217;s most recent fiscal quarter (each registrant&#8217;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The registrant&#8217;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>12
<FILENAME>pnm9302017ex321.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sD879CD5EE0656620EC73E7FF6E36B927"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">www.pnmresources.com</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 32.1</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION PURSUANT TO 18 U.S.C. &#167; 1350, AS ADOPTED PURSUANT TO &#167; 906 OF THE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SARBANES-OXLEY ACT OF 2002</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Quarterly Report on Form 10-Q for the period ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, for PNM Resources, Inc. (&#8220;Company&#8221;), as filed with the Securities and Exchange Commission on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;27, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;(&#8220;Report&#8221;), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. &#167;1350, as adopted pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002, that:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the Report fully complies with the requirements of &#167; 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chairman, President and Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>13
<FILENAME>pnm9302017ex322.htm
<DESCRIPTION>EXHIBIT 32.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sD1492A87E52554F9BC72E7FF6ECC40FE"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, NM 87102-3289</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 32.2</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION PURSUANT TO 18 U.S.C. &#167; 1350, AS ADOPTED PURSUANT TO &#167; 906 OF THE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SARBANES-OXLEY ACT OF 2002</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Quarterly Report on Form 10-Q for the period ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, for Public Service Company of New Mexico (&#8220;Company&#8221;), as filed with the Securities and Exchange Commission on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;27, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;(&#8220;Report&#8221;), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. &#167;1350, as adopted pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002, that:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the Report fully complies with the requirements of &#167; 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">President and Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public Service Company of New Mexico</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.3
<SEQUENCE>14
<FILENAME>pnm9302017ex323.htm
<DESCRIPTION>EXHIBIT 32.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sB2E32B2E7EDAA82971B6E7FF6F7295C8"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">577 N. Garden Ridge Blvd.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lewisville, Texas 75067</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 32.3</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTIFICATION PURSUANT TO 18 U.S.C. &#167; 1350, AS ADOPTED PURSUANT TO &#167; 906 OF THE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SARBANES-OXLEY ACT OF 2002</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the Quarterly Report on Form 10-Q for the period ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, for Texas-New Mexico Power Company (&#8220;Company&#8221;), as filed with the Securities and Exchange Commission on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;27, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;(&#8220;Report&#8221;), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. &#167;1350, as adopted pursuant to &#167;906 of the Sarbanes-Oxley Act of 2002, that:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the Report fully complies with the requirements of &#167; 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:6%;"></td><td style="width:46%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October&#160;27, 2017</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patricia K. Collawn</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Executive Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Texas-New Mexico Power Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charles N. Eldred</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>15
<FILENAME>pnm-20170930.xml
<DESCRIPTION>XBRL INSTANCE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!--p:f8e27af965f240d3a95e137c9fd01384,x:ff9d0b0313b645ff95f1ad5c40607a52-->
<xbrli:xbrl xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:currency="http://xbrl.sec.gov/currency/2017-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2014-01-31" xmlns:exch="http://xbrl.sec.gov/exch/2017-01-31" xmlns:invest="http://xbrl.sec.gov/invest/2013-01-31" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:naics="http://xbrl.sec.gov/naics/2017-01-31" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:pnm="http://www.pnmresources.com/20170930" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:stpr="http://xbrl.sec.gov/stpr/2011-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2017-01-31" xmlns:us-roles="http://fasb.org/us-roles/2017-01-31" xmlns:us-types="http://fasb.org/us-types/2017-01-31" xmlns:utreg="http://www.xbrl.org/2009/utr" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	<link:schemaRef xlink:href="pnm-20170930.xsd" xlink:type="simple" />
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:ParentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:NoncontrollingInterestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3Div">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-07-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3SeptDiv">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-07-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3Sep">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-09-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_UnaffiliatedthirdpartyMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:UnaffiliatedthirdpartyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanCoalCompanyWestmorelandMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanCoalCompanyWestmorelandMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-31</xbrli:startDate>
			<xbrli:endDate>2016-01-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_pnm_PurchasedThroughMay302028Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongTermContractForPurchaseOfElectricPowerAxis">pnm:PurchasedThroughMay302028Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableInterestEntitiesByClassificationOfEntityAxis">us-gaap:VariableInterestEntityPrimaryBeneficiaryMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanCoalCompanyWestmorelandMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit1LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-15</xbrli:startDate>
			<xbrli:endDate>2016-01-15</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-15</xbrli:startDate>
			<xbrli:endDate>2016-01-15</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CreditDerivativesByContractTypeAxis">us-gaap:OtherCreditDerivativesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationUnit3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationUnit3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_NuclearDecommissioningTrustMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:NuclearDecommissioningTrustMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FuelAndPurchasedPowerAdjustmentClauseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FuelAndPurchasedPowerAdjustmentClauseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MineReclamationTrustMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MineReclamationTrustMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MineReclamationTrustMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MineReclamationTrustMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_NuclearDecommissioningTrustMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementFrequencyAxis">us-gaap:FairValueMeasurementsRecurringMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:NuclearDecommissioningTrustMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CreditDerivativesByContractTypeAxis">us-gaap:OtherCreditDerivativesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_LongMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:FairValueHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PositionAxis">us-gaap:LongMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_ShortMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:FairValueHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PositionAxis">us-gaap:ShortMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_ShortMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:FairValueHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PositionAxis">us-gaap:ShortMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_LongMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:FairValueHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PositionAxis">us-gaap:LongMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByMeasurementBasisAxis">us-gaap:CarryingReportedAmountFairValueDisclosureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel1Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:MunicipalBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:USTreasuryAndGovernmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:OtherDebtSecuritiesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticGrowthMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:MultinationalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">us-gaap:CashAndCashEquivalentsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:MajorTypesOfDebtAndEquitySecuritiesAxis">pnm:DomesticValueMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PnmrAndPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:SalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:CostOfSalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:CostOfSalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:CostOfSalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:CostOfSalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:SalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:SalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:IncomeStatementLocationAxis">us-gaap:SalesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:CommodityContractMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:HedgingDesignationAxis">us-gaap:DesignatedAsHedgingInstrumentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1January1_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedspecifiedperformancetargettimeframeAxis">pnm:Achievedperformancetargetfor2015and2016Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ExecutiveVicePresidentandChiefFinancialOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-01-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2012Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis">pnm:AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ChairmanPresidentAndChiefExecutiveOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2012-03-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">pnm:RestrictedStockAndPerformanceSharesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">us-gaap:ManagementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1March3_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedspecifiedperformancetargettimeframeAxis">pnm:Achievedperformancetargetfor2015and2016Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ExecutiveVicePresidentandChiefFinancialOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-03-03</xbrli:startDate>
			<xbrli:endDate>2017-03-03</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:EmployeeStockOptionMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis">pnm:Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ChairmanPresidentAndChiefExecutiveOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-03-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q1February28_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis">pnm:AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ChairmanPresidentAndChiefExecutiveOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-02-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:PerformanceSharesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">us-gaap:ManagementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_PlanNameAxis_pnm_PerformanceEquityPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:PlanNameAxis">pnm:PerformanceEquityPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:EmployeeStockOptionMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q1February28_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedspecifiedperformancetargettimeframeAxis">pnm:Achievedperformancetargetfor2015and2016Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ExecutiveVicePresidentandChiefFinancialOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-02-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis">pnm:Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ChairmanPresidentAndChiefExecutiveOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-03-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">pnm:RestrictedStockAndPerformanceSharesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1January1_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor20152016and2017Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedspecifiedperformancetargettimeframeAxis">pnm:Achievedperformancetargetfor20152016and2017Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ExecutiveVicePresidentandChiefFinancialOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-01-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis">pnm:AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:TitleOfIndividualAxis">pnm:ChairmanPresidentAndChiefExecutiveOfficerMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_us-gaap_AccountingStandardsUpdate201609Member_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AdjustmentsForNewAccountingPronouncementsAxis">us-gaap:AccountingStandardsUpdate201609Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">pnm:MarketBasedSharesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">pnm:MarketBasedSharesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">pnm:RestrictedStockAndPerformanceSharesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AwardTypeAxis">us-gaap:RestrictedStockMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_us-gaap_AccountingStandardsUpdate201609Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:AdjustmentsForNewAccountingPronouncementsAxis">us-gaap:AccountingStandardsUpdate201609Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:LocalLinesOfCreditMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:LocalLinesOfCreditMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2016OneYearTermLoanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2016OneYearTermLoanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12042Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PollutionControlRevenueBondsdueJune12042Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PollutionControlRevenueBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNotesDue2018at7point95percentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:UnsecuredDebtMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q3">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateContractMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">us-gaap:InterestRateContractMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_LongtermDebtTypeAxis_us-gaap_LineOfCreditMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LineOfCreditMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractThreeMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">pnm:InterestRateContractThreeMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:ConsolidatedEntitiesAxis">us-gaap:ParentCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:LocalLinesOfCreditMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_LongtermDebtTypeAxis_pnm_PNM2017TermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PNM2017TermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractOneMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:VariableRateShortTermDebtMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">pnm:InterestRateContractOneMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:BTMUTermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2015TermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2015TermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:VariableRateShortTermDebtMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12040Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PollutionControlRevenueBondsdueJune12040Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PollutionControlRevenueBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2016OneYearTermLoanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractTwoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:VariableRateShortTermDebtMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">pnm:InterestRateContractTwoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PNM2017TermLoanAgreementMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_us-gaap_NotesPayableToBanksMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNM2017TermLoanAgreementMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LineOfCreditFacilityAxis">pnm:JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:NotesPayableToBanksMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_PNMR2016TwoYearTermLoanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2016TwoYearTermLoanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q4November_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis">pnm:PNMRRevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-11-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:SeniorUnsecuredNotesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-28</xbrli:startDate>
			<xbrli:endDate>2017-07-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2020Q4November1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditFacilityAxis_pnm_PNMRevolvingCreditFacilityMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis">pnm:PNMRevolvingCreditFacilityMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioForecastMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2020-11-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12040Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PollutionControlRevenueBondsdueJune12040Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PollutionControlRevenueBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember_us-gaap_VariableRateAxis_us-gaap_LondonInterbankOfferedRateLIBORMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:BTMUTermLoanAgreementMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:VariableRateAxis">us-gaap:LondonInterbankOfferedRateLIBORMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_pnm_PNM2016TermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LineOfCreditFacilityAxis">pnm:JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PNM2016TermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNotesDue2018at7point95percentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:UnsecuredDebtMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractsContractOneandContractTwoMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">pnm:InterestRateContractsContractOneandContractTwoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016TwoYearTermLoanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNMR2016TwoYearTermLoanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:VariableRateShortTermDebtMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_us-gaap_AffiliatedEntityMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">us-gaap:AffiliatedEntityMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q4Liq_dei_LegalEntityAxis_pnm_PnmrMember_us-gaap_DebtInstrumentAxis_pnm_Letterorcredit30milJPMorganMember_us-gaap_LongtermDebtTypeAxis_us-gaap_LetterOfCreditMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PnmrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:Letterorcredit30milJPMorganMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:LetterOfCreditMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-10-21</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractThreeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:VariableRateShortTermDebtMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentRiskAxis">pnm:InterestRateContractThreeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:ConsolidatedEntitiesAxis">us-gaap:ParentCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis">pnm:PNMRRevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2June14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_DebtInstrumentAxis_pnm_InterestRateof3.22Due2027Member_us-gaap_LongtermDebtTypeAxis_pnm_FirstMortgageBondMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:InterestRateof3.22Due2027Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:FirstMortgageBondMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-14</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:DerivativeInstrumentsGainLossByHedgingRelationshipAxis">us-gaap:CashFlowHedgingMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:FairValueByFairValueHierarchyLevelAxis">us-gaap:FairValueInputsLevel2Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_DebtInstrumentAxis_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:FirstMortgageBondsDue2019Series2009Aat9point50percentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:ShortTermDebtTypeAxis">us-gaap:RevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1PNMR_us-gaap_LongtermDebtTypeAxis_pnm_PNMR2015TermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PNMR2015TermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-03-09</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2020Q4November1_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis">pnm:PNMRRevolvingCreditFacilityMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioForecastMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2020-11-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1BTMU_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:BTMUTermLoanAgreementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-02-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1SJCC_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanCoalCompanyWestmorelandMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-02-01</xbrli:startDate>
			<xbrli:endDate>2016-02-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12042Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PollutionControlRevenueBondsdueJune12042Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">pnm:PollutionControlRevenueBondsMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:SeniorUnsecuredNotesDue2018at7point50percentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:UnsecuredDebtMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PNM2017TermLoanAgreementMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_us-gaap_NotesPayableToBanksMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:DebtInstrumentAxis">pnm:PNM2017TermLoanAgreementMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LineOfCreditFacilityAxis">pnm:JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LongtermDebtTypeAxis">us-gaap:NotesPayableToBanksMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-20</xbrli:startDate>
			<xbrli:endDate>2017-07-20</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q4November_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditFacilityAxis_pnm_PNMRevolvingCreditFacilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis">pnm:PNMRevolvingCreditFacilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-11-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:PensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RetirementPlanTypeAxis">us-gaap:OtherPensionPlansDefinedBenefitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:MineReclamationTrustMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToPostCombustionControlsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:FourCornersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-31</xbrli:startDate>
			<xbrli:endDate>2015-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q2May14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandardsMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:NationalAmbientAirQualityStandardsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:JointlyOwnedGeneratingFacilitiesAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-05-14</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanPowerPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanPowerPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-31</xbrli:startDate>
			<xbrli:endDate>2015-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2013Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_SantaFegeneratingstationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:SantaFegeneratingstationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-04-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_IncreaseincoalminedecommissioningliabilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:IncreaseincoalminedecommissioningliabilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2010Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2010-04-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1CPP_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanPowerPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanPowerPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_IncreaseincoalminedecommissioningliabilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">pnm:IncreaseincoalminedecommissioningliabilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-31</xbrli:startDate>
			<xbrli:endDate>2015-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2013Q3August31_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:JointlyOwnedGeneratingFacilitiesAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:ContinuousHighwallMiningMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-08-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:JointlyOwnedGeneratingFacilitiesAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:ContinuousHighwallMiningMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PNMRDevelopmentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-07-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">us-gaap:NuclearPlantMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2014Q2April2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2014-04-02</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1Allottee_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_GasfiredgenerationfacilityAxis_pnm_ReevesstationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:GasfiredgenerationfacilityAxis">pnm:ReevesstationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2010Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2010-04-01</xbrli:startDate>
			<xbrli:endDate>2010-04-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2014Q4EPA_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationAndFourCornersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-10-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2013Q4December30_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersUnits12and3CoalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToPostCombustionControlsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:FourCornersUnits12and3CoalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-12-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2012Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2012-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_InsuranceCarrierAxis_pnm_IndustryWideRetrospectiveAssessmentProgramMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:InsuranceCarrierAxis">pnm:IndustryWideRetrospectiveAssessmentProgramMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">us-gaap:NuclearPlantMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q1February1_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-02-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2014Q1February27_us-gaap_LitigationStatusAxis_us-gaap_SettledLitigationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LitigationStatusAxis">us-gaap:SettledLitigationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2014-02-27</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:UndergroundMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1March28_us-gaap_LitigationStatusAxis_us-gaap_PendingLitigationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LitigationStatusAxis">us-gaap:PendingLitigationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-03-28</xbrli:startDate>
			<xbrli:endDate>2017-03-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationUnit3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_IncreaseincoalminedecommissioningliabilityMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:IncreaseincoalminedecommissioningliabilityMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersUnits4And5CoalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToPostCombustionControlsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:FourCornersUnits4And5CoalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">pnm:NuclearSpentFuelAndWasteDisposalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:FourCornersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I1999Q4December31_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToRegionalHazeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToRegionalHazeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>1999-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q4Oct23_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-10-23</xbrli:startDate>
			<xbrli:endDate>2017-10-23</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2010Q1Optim_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationAndFourCornersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2010-01-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:NationalAmbientAirQualityStandards2015EPALegalSettlementMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-03-02</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_FirstChoiceMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:FirstChoiceMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-16</xbrli:startDate>
			<xbrli:endDate>2015-12-16</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1February25_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:NationalAmbientAirQualityStandardsProposed2016SO2RuleMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-02-25</xbrli:startDate>
			<xbrli:endDate>2016-02-25</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:NationalAmbientAirQualityStandards2015EPALegalSettlementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-03-02</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:MineReclamationTrustMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:JointlyOwnedGeneratingFacilitiesAxis">pnm:FourCornersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:WEGvOSMLawsuitMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-02-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4December_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis">pnm:InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits1And4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-01</xbrli:startDate>
			<xbrli:endDate>2015-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PNMRDevelopmentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">us-gaap:NuclearPlantMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_FinancialStatementLocationAxis_pnm_OtherDeferredCreditsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:FinancialStatementLocationAxis">pnm:OtherDeferredCreditsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">pnm:NuclearSpentFuelAndWasteDisposalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSNCRHearingExaminerRecommendedDenialMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:UndergroundMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-07-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q3July31_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_us-gaap_PropertyPlantAndEquipmentByTypeAxis_us-gaap_EnergyEquipmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PNMRDevelopmentMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PropertyPlantAndEquipmentByTypeAxis">us-gaap:EnergyEquipmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-07-31</xbrli:startDate>
			<xbrli:endDate>2015-07-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">us-gaap:NuclearPlantMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits1And4Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementScenarioAxis">us-gaap:ScenarioPlanMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-07-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q1RSIP_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-01-22</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:SurfaceMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_InsuranceCarrierAxis_pnm_CommercialProvidersMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:InsuranceCarrierAxis">pnm:CommercialProvidersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">us-gaap:NuclearPlantMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:NationalAmbientAirQualityStandards2015EPALegalSettlementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-03-02</xbrli:startDate>
			<xbrli:endDate>2015-03-02</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-16</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:NMCapitalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis">pnm:CoalSupplyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2014Q1Jan6_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2014-01-06</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2014Q1February27_us-gaap_LitigationStatusAxis_us-gaap_PendingLitigationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:LitigationStatusAxis">us-gaap:PendingLitigationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2014-02-27</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2010Q1Optim_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationAndFourCornersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2010-01-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2014Q2May16_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">pnm:NuclearSpentFuelAndWasteDisposalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2014-05-16</xbrli:startDate>
			<xbrli:endDate>2014-05-16</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActPost2022CoalSupplyfutureratecaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-12-16</xbrli:startDate>
			<xbrli:endDate>2015-12-16</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationAndFourCornersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnit4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-07-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q4QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-10-01</xbrli:startDate>
			<xbrli:endDate>2016-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ClassificationOfMineAxis">pnm:UndergroundMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">us-gaap:LossOnLongTermPurchaseCommitmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_FinancialStatementLocationAxis_pnm_OtherDeferredCreditsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:FinancialStatementLocationAxis">pnm:OtherDeferredCreditsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:PaloVerdeNuclearGeneratingStationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LossContingenciesByNatureOfContingencyAxis">pnm:NuclearSpentFuelAndWasteDisposalMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:MineReclamationTrustMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:JointlyOwnedGeneratingFacilitiesAxis">pnm:FourCornersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-08-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2005Q3July31_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToRegionalHazeMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToRegionalHazeMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2005-07-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:WEGvOSMLawsuitMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-02-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2012Q3August6th_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActRelatedToPostCombustionControlsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:FourCornersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2012-08-06</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2015Q3landacres_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-07-13</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:OtherCommitmentsAxis">pnm:NavajoNationAllotteeMattersMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-23</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q4October26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-10-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2May23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-05-23</xbrli:startDate>
			<xbrli:endDate>2017-05-23</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2May25_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-05-25</xbrli:startDate>
			<xbrli:endDate>2017-05-25</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-28</xbrli:startDate>
			<xbrli:endDate>2016-09-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-01-11</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q4December7_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-12-07</xbrli:startDate>
			<xbrli:endDate>2016-12-07</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q3August27_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-08-27</xbrli:startDate>
			<xbrli:endDate>2015-08-27</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q2April26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActSncrMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits2And3Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-04-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3FB_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PNMRDevelopmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-07-08</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3FB">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-07-08</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_WindEnergyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DiversificationByTypeAxis">pnm:WindEnergyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2015Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DateOfRegulatoryActionAxis">pnm:RequiredPercentageBy2015Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2015Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandard2014Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandard2014Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-01-01</xbrli:startDate>
			<xbrli:endDate>2015-12-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2June1_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-06-01</xbrli:startDate>
			<xbrli:endDate>2017-06-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-20</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_AlvaradosquareMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:AlvaradosquareMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1February26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedmeteringinfrastructureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedmeteringinfrastructureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-02-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_PublicUtilitiesRevenueStreamAxis_pnm_RefinedCoalMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:PublicUtilitiesRevenueStreamAxis">pnm:RefinedCoalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-08-04</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2017EnergyEfficiencyandLoadManagementProgramMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-11</xbrli:startDate>
			<xbrli:endDate>2017-01-11</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q1January31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-01-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_RenewableTechnologiesMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DiversificationByTypeAxis">pnm:RenewableTechnologiesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_IntegratedResourcePlan2011Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:IntegratedResourcePlan2011Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-08-04</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q2EE_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2017EnergyEfficiencyandLoadManagementProgramMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-04-15</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_PublicUtilityAxis_pnm_LightningDockGeothermalMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">pnm:LightningDockGeothermalMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-15</xbrli:startDate>
			<xbrli:endDate>2016-01-15</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-01-11</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-03</xbrli:startDate>
			<xbrli:endDate>2017-07-03</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2May10_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-05-10</xbrli:startDate>
			<xbrli:endDate>2017-05-10</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-08-04</xbrli:startDate>
			<xbrli:endDate>2016-08-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActBalancedDraftTechnologyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis">pnm:InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits1And4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-08-04</xbrli:startDate>
			<xbrli:endDate>2016-08-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-04-14</xbrli:startDate>
			<xbrli:endDate>2017-04-14</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-26</xbrli:startDate>
			<xbrli:endDate>2017-07-26</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2015-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2011Q3JulyMonth_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2011-07-01</xbrli:startDate>
			<xbrli:endDate>2011-07-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-09-28</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1March13_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-03-13</xbrli:startDate>
			<xbrli:endDate>2017-03-13</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-04-14</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2011Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DateOfRegulatoryActionAxis">pnm:RequiredPercentageBy2011Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActBalancedDraftTechnologyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits1And4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q4Oct17_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:SubsequentEventTypeAxis">us-gaap:SubsequentEventMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-10-17</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2May12_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedmeteringinfrastructureMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedmeteringinfrastructureMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-05-12</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2020Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DateOfRegulatoryActionAxis">pnm:RequiredPercentageBy2020Member</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_PublicUtilityAxis_pnm_NewMexicoWindMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:PublicUtilityAxis">pnm:NewMexicoWindMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-06-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-28</xbrli:startDate>
			<xbrli:endDate>2016-09-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q1January_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-01-15</xbrli:startDate>
			<xbrli:endDate>2015-01-15</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis">pnm:CleanAirActBalancedDraftTechnologyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:JointlyOwnedUtilityPlantAxis">pnm:SanJuanGeneratingStationUnits1And4Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-08-04</xbrli:startDate>
			<xbrli:endDate>2016-08-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2May5_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-05-05</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-28</xbrli:startDate>
			<xbrli:endDate>2016-09-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandard2014Member">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandard2014Member</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2014Q3July1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2014-07-01</xbrli:startDate>
			<xbrli:endDate>2014-07-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:AdvancedMeterSystemDeploymentAndSurchargeRequestMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1March27_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-03-27</xbrli:startDate>
			<xbrli:endDate>2017-03-27</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_DistributedGenerationMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DiversificationByTypeAxis">pnm:DistributedGenerationMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_AlvaradosquareMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:AlvaradosquareMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-08-04</xbrli:startDate>
			<xbrli:endDate>2016-08-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-04-14</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-08-04</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q2May4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-05-04</xbrli:startDate>
			<xbrli:endDate>2016-05-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-06-01</xbrli:startDate>
			<xbrli:endDate>2016-06-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2014ElectricRateCaseMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2014ElectricRateCaseMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-11-30</xbrli:startDate>
			<xbrli:endDate>2015-11-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1February28_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-02-28</xbrli:startDate>
			<xbrli:endDate>2017-02-28</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q2April15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2017EnergyEfficiencyandLoadManagementProgramMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-04-15</xbrli:startDate>
			<xbrli:endDate>2016-04-15</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_SolarEnergyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:DiversificationByTypeAxis">pnm:SolarEnergyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MinimumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardSupplementalProcurementMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewablePortfolioStandardSupplementalProcurementMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-09-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2017-07-26</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:TypeOfRegulatoryCostAxis">pnm:DisincentivesIncentivesAdderMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-04-14</xbrli:startDate>
			<xbrli:endDate>2017-04-14</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:A2015ElectricRateCaseMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:LeaseArrangementTypeAxis">pnm:PaloVerdeNuclearGeneratingStationUnit2LeasesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-08-04</xbrli:startDate>
			<xbrli:endDate>2016-08-04</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember_us-gaap_RangeAxis_us-gaap_MaximumMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:RenewableEnergyRiderMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RangeAxis">us-gaap:MaximumMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:CounterpartyNameAxis">pnm:TriStateMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q1March14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:TransmissionCostOfServiceRatesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-03-14</xbrli:startDate>
			<xbrli:endDate>2017-03-14</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q3Sep08_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:TransmissionCostOfServiceRatesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-09-08</xbrli:startDate>
			<xbrli:endDate>2016-09-08</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q3July19_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RegulatoryAgencyAxis_pnm_PUCTMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:PUCTMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-19</xbrli:startDate>
			<xbrli:endDate>2017-07-19</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2015Q3September10_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:TransmissionCostOfServiceRatesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2015-09-10</xbrli:startDate>
			<xbrli:endDate>2015-09-10</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q1March23_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="pnm:ScheduleOfRegulatoryRateMattersAxis">pnm:TransmissionCostOfServiceRatesMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-03-23</xbrli:startDate>
			<xbrli:endDate>2016-03-23</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q1QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2013Q4">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2013-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q2QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-04-01</xbrli:startDate>
			<xbrli:endDate>2016-06-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q1QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">us-gaap:CorporateAndOtherMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2014Q4">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2014-12-31</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q1QTD">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-03-31</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2May23_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:RegulatoryAgencyAxis">pnm:NMPRCMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-05-23</xbrli:startDate>
			<xbrli:endDate>2017-05-23</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_pnm_PNMSegmentMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:StatementBusinessSegmentsAxis">pnm:PNMSegmentMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="us-gaap:IncomeTaxAuthorityNameAxis">us-gaap:InternalRevenueServiceIRSMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-06-30</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TnmpToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TNMPtoPNMMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TnmpToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TNMPtoPNMMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TnmpToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TNMPtoPNMMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TnmpToPnmrMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:InterestChargesMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToPnmMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-07-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-01-01</xbrli:startDate>
			<xbrli:endDate>2016-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:ServiceBillingsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:TNMPtoPNMMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-01-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="pnm:RelatedPartyTransactionByTransactionTypeAxis">pnm:IncomeTaxSharingPaymentsMember</xbrldi:explicitMember>
				<xbrldi:explicitMember dimension="us-gaap:RelatedPartyTransactionsByRelatedPartyAxis">pnm:PnmrToTnmpMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-07-01</xbrli:startDate>
			<xbrli:endDate>2017-09-30</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q2April1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:PublicServiceCompanyOfNewMexicoMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-04-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="I2016Q2April1_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
			<xbrli:segment>
				<xbrldi:explicitMember dimension="dei:LegalEntityAxis">pnm:TexasNewMexicoPowerCompanyMember</xbrldi:explicitMember>
			</xbrli:segment>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:instant>2016-04-01</xbrli:instant>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2017Q2April1">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2017-04-01</xbrli:startDate>
			<xbrli:endDate>2017-04-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:context id="D2016Q2April1">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0001108426</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2016-04-01</xbrli:startDate>
			<xbrli:endDate>2016-04-01</xbrli:endDate>
		</xbrli:period>
	</xbrli:context>
	<xbrli:unit id="usd">
		<xbrli:measure>iso4217:USD</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="usdPerShare">
		<xbrli:divide>
			<xbrli:unitNumerator>
				<xbrli:measure>iso4217:USD</xbrli:measure>
			</xbrli:unitNumerator>
			<xbrli:unitDenominator>
				<xbrli:measure>xbrli:shares</xbrli:measure>
			</xbrli:unitDenominator>
		</xbrli:divide>
	</xbrli:unit>
	<xbrli:unit id="shares">
		<xbrli:measure>xbrli:shares</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="lease">
		<xbrli:measure>pnm:lease</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="mw">
		<xbrli:measure>utreg:MW</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="Number">
		<xbrli:measure>xbrli:pure</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="USD_PER_MWh">
		<xbrli:divide>
			<xbrli:unitNumerator>
				<xbrli:measure>iso4217:USD</xbrli:measure>
			</xbrli:unitNumerator>
			<xbrli:unitDenominator>
				<xbrli:measure>utreg:MWh</xbrli:measure>
			</xbrli:unitDenominator>
		</xbrli:divide>
	</xbrli:unit>
	<xbrli:unit id="t">
		<xbrli:measure>utreg:T</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="mmbtu">
		<xbrli:measure>utreg:MMBTU</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="acre">
		<xbrli:measure>utreg:acre</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="landowner">
		<xbrli:measure>pnm:landowner</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="lawsuit">
		<xbrli:measure>pnm:lawsuit</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="lb_PER_MMBTU">
		<xbrli:divide>
			<xbrli:unitNumerator>
				<xbrli:measure>utreg:lb</xbrli:measure>
			</xbrli:unitNumerator>
			<xbrli:unitDenominator>
				<xbrli:measure>utreg:MMBTU</xbrli:measure>
			</xbrli:unitDenominator>
		</xbrli:divide>
	</xbrli:unit>
	<xbrli:unit id="city">
		<xbrli:measure>pnm:city</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="mwh">
		<xbrli:measure>utreg:MWh</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="Allotment_Parcel">
		<xbrli:measure>pnm:Allotment_Parcel</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="state">
		<xbrli:measure>pnm:state</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="mine">
		<xbrli:measure>pnm:mine</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="gwh">
		<xbrli:measure>utreg:GWh</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="payment">
		<xbrli:measure>pnm:payment</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="compliance_alternative">
		<xbrli:measure>pnm:compliance_alternative</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="service_rate">
		<xbrli:measure>pnm:service_rate</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="LBSofNOxPerMMBTU">
		<xbrli:divide>
			<xbrli:unitNumerator>
				<xbrli:measure>pnm:lbsofnox</xbrli:measure>
			</xbrli:unitNumerator>
			<xbrli:unitDenominator>
				<xbrli:measure>pnm:mmbtu</xbrli:measure>
			</xbrli:unitDenominator>
		</xbrli:divide>
	</xbrli:unit>
	<xbrli:unit id="Extension">
		<xbrli:measure>pnm:Extension</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="joint_owner">
		<xbrli:measure>pnm:joint_owner</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="Customer">
		<xbrli:measure>pnm:customer</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="derivative">
		<xbrli:measure>pnm:derivative</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="requirement">
		<xbrli:measure>pnm:requirement</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="well">
		<xbrli:measure>pnm:well</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="parts_per_billion">
		<xbrli:measure>pnm:parts_per_billion</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="generating_unit">
		<xbrli:measure>pnm:generating_unit</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="meeting">
		<xbrli:measure>pnm:meeting</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="program">
		<xbrli:measure>pnm:program</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="signatory">
		<xbrli:measure>pnm:signatory</xbrli:measure>
	</xbrli:unit>
	<xbrli:unit id="advanced_meter">
		<xbrli:measure>pnm:advanced_meter</xbrli:measure>
	</xbrli:unit>
	<dei:AmendmentFlag contextRef="FD2017Q3YTD" id="Fact-38F42A62616D7B9C6738E7FF26F92DC6">false</dei:AmendmentFlag>
	<dei:CurrentFiscalYearEndDate contextRef="FD2017Q3YTD" id="Fact-A6E57B82CFA99989FB3FE7FF26F91CBF">--12-31</dei:CurrentFiscalYearEndDate>
	<dei:CurrentFiscalYearEndDate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-F2DB4BF22BF433581255E7FF26E9DCC1">--12-31</dei:CurrentFiscalYearEndDate>
	<dei:CurrentFiscalYearEndDate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-199C8FD98396653B5096E7FF26E931DC">--12-31</dei:CurrentFiscalYearEndDate>
	<dei:DocumentFiscalPeriodFocus contextRef="FD2017Q3YTD" id="Fact-674C59840C5135911DA8E7FF26F9BD41">Q3</dei:DocumentFiscalPeriodFocus>
	<dei:DocumentFiscalYearFocus contextRef="FD2017Q3YTD" id="Fact-7AD7043BFD3ECAD53EC7E7FF26F9B73E">2017</dei:DocumentFiscalYearFocus>
	<dei:DocumentPeriodEndDate contextRef="FD2017Q3YTD" id="Fact-253E9C892483AF9ACC28E7FF26F9FAB9">2017-09-30</dei:DocumentPeriodEndDate>
	<dei:DocumentType contextRef="FD2017Q3YTD" id="Fact-2FD39414761A1765C54DE7FF26F9837F">10-Q</dei:DocumentType>
	<dei:EntityCentralIndexKey contextRef="FD2017Q3YTD" id="Fact-374493FDC8DBF14DBEF0E7FF26F934D0">0001108426</dei:EntityCentralIndexKey>
	<dei:EntityCentralIndexKey contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-8D99E80D07410CBDFE66E7FF26F9C924">0000081023</dei:EntityCentralIndexKey>
	<dei:EntityCentralIndexKey contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-68FD12D5065A28B2B7CEE7FF26F9CE79">0000022767</dei:EntityCentralIndexKey>
	<dei:EntityCommonStockSharesOutstanding contextRef="I2017Q4Oct20" decimals="INF" id="Fact-F9EFFC03C3F12D44EA0EE7FF26F93BF9" unitRef="shares">79653624</dei:EntityCommonStockSharesOutstanding>
	<dei:EntityCommonStockSharesOutstanding contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-3FF7DD870A578A7B7083E7FF26F9F960" unitRef="shares">39117799</dei:EntityCommonStockSharesOutstanding>
	<dei:EntityCommonStockSharesOutstanding contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-4FEEF927B6DCC6C1372AE7FF26F9C77F" unitRef="shares">6358</dei:EntityCommonStockSharesOutstanding>
	<dei:EntityFilerCategory contextRef="FD2017Q3YTD" id="Fact-A926BB3EBD340A355CC4E7FF26F986EC">Large Accelerated Filer</dei:EntityFilerCategory>
	<dei:EntityFilerCategory contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-734051C1F455501E73CCE7FF26F9E1D7">Non-accelerated Filer</dei:EntityFilerCategory>
	<dei:EntityFilerCategory contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-CBF742899E599539CFCDE7FF26F9B28A">Non-accelerated Filer</dei:EntityFilerCategory>
	<dei:EntityRegistrantName contextRef="FD2017Q3YTD" id="Fact-E2F2A6E793A3CBDF8F73E7FF26F942A6">PNM RESOURCES INC</dei:EntityRegistrantName>
	<dei:EntityRegistrantName contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-FCF96AB127FCAAACCED5E7FF26F9A7B3">PUBLIC SERVICE CO OF NEW MEXICO</dei:EntityRegistrantName>
	<dei:EntityRegistrantName contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-40210CB5E077DEBBD577E7FF26F9BDEB">TEXAS NEW MEXICO POWER CO</dei:EntityRegistrantName>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2016Q4" decimals="-3" id="Fact-FD20ECF381B7EEBB619FE7FF27E3F889" unitRef="usd">61871000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5E9F93A49C7A4D269B53E7FF298801E3" unitRef="usd">34819000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CD48315DC5C5E09B0852E7FF2B2DE2B3" unitRef="usd">45581000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2017Q3" decimals="-3" id="Fact-C4B1DA6915E8FB0C8CE5E7FF27E34C9C" unitRef="usd">83288000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2CF7B56B890878493BF4E7FF2988B7E4" unitRef="usd">52041000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccruedInterestAndTaxesPayable contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BD9C55B00044733CAC86E7FF2B2D302F" unitRef="usd">59131000</pnm:AccruedInterestAndTaxesPayable>
	<pnm:AccumulatedAmortizationNuclearFuel contextRef="FI2016Q4" decimals="-3" id="Fact-993A731497117DFB052CE7FF27F2DEE4" unitRef="usd">43905000</pnm:AccumulatedAmortizationNuclearFuel>
	<pnm:AccumulatedAmortizationNuclearFuel contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4D6A9904217CD4D2D201E7FF29C6C617" unitRef="usd">43905000</pnm:AccumulatedAmortizationNuclearFuel>
	<pnm:AccumulatedAmortizationNuclearFuel contextRef="FI2017Q3" decimals="-3" id="Fact-CD0F443B3137EB0CC9BFE7FF27F294DF" unitRef="usd">49895000</pnm:AccumulatedAmortizationNuclearFuel>
	<pnm:AccumulatedAmortizationNuclearFuel contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-05B8D3AE8F596C0BA38AE7FF29C646CC" unitRef="usd">49895000</pnm:AccumulatedAmortizationNuclearFuel>
	<pnm:AdditionalTaxDuePlusPenaltiesandInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_FirstChoiceMember" decimals="-5" id="Fact-88F16F2260F871D5CE0D4B620F57224F" unitRef="usd">5000000</pnm:AdditionalTaxDuePlusPenaltiesandInterest>
	<pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-F0F800E98AE44AAD2B1EE7FF2D11B8A8" unitRef="usd">10692000</pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue>
	<pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-A39FEAE60E02CD0C57B9E7FF2D11E357" unitRef="usd">5178000</pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue>
	<pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-A4E9DEC62FC39002DCF3E7FF2D115233" unitRef="usd">41614000</pnm:AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue>
	<pnm:AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal contextRef="FI2017Q3" decimals="-5" id="Fact-6456F3AEB093839A921BE7FF2B5C38CD" unitRef="usd">9800000</pnm:AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal>
	<pnm:Cashusedtosupportbankletterorcreditarrangement contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-FED94F75963F78191751E7FF2F90B74B" unitRef="usd">30300000</pnm:Cashusedtosupportbankletterorcreditarrangement>
	<pnm:Cashusedtosupportbankletterorcreditarrangement contextRef="I2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-BBC18AB30D0A68634CADE7FF2C277DE2" unitRef="usd">30300000</pnm:Cashusedtosupportbankletterorcreditarrangement>
	<pnm:CoalMineReclamationBondstobepostedwithNMMMD contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-1A60EB94F196D757B741E7FF2FA06A99" unitRef="usd">118700000</pnm:CoalMineReclamationBondstobepostedwithNMMMD>
	<pnm:CoalfiredgenerationinMegawatts contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-CDD1F89390F58239DAF0E7FF2F81FF3C" unitRef="mw">197</pnm:CoalfiredgenerationinMegawatts>
	<pnm:CollaborativeArrangementOwnerObligationsDefaultAmount contextRef="FI2017Q3" decimals="INF" id="Fact-60BC9A2CA831600B7B68E7FF2B5CA8A7" unitRef="usd">0</pnm:CollaborativeArrangementOwnerObligationsDefaultAmount>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements contextRef="FI2016Q4" decimals="-3" id="Fact-FD00EC8D753D37F53E81E7FF27E30788" unitRef="usd">11529000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-778C5CF098B2DE73719EE7FF298895DB" unitRef="usd">11529000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements contextRef="FI2017Q3" decimals="-3" id="Fact-2DF405E8AF22AA62227AE7FF27D343A9" unitRef="usd">11529000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-793F571AA38206C9B98AE7FF298812ED" unitRef="usd">11529000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare contextRef="FI2016Q4" decimals="INF" id="Fact-1C2C6CA2EC7ACB1286DBE7FF27F232D2" unitRef="usdPerShare">100</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare contextRef="FI2017Q3" decimals="INF" id="Fact-E1F32108BF0D45AC6C64E7FF2802D679" unitRef="usdPerShare">100</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized contextRef="FI2016Q4" decimals="INF" id="Fact-593B32C3407611BB4FA5E7FF27F25A05" unitRef="shares">10000000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized contextRef="FI2017Q3" decimals="INF" id="Fact-BDF884591EBAE6BFF89EE7FF27F200FC" unitRef="shares">10000000</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued contextRef="FI2016Q4" decimals="INF" id="Fact-F411E4394AC4666BD9E1E7FF27F28759" unitRef="shares">115293</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued contextRef="FI2017Q3" decimals="INF" id="Fact-B0A90320305CF6F90925E7FF27F21BAB" unitRef="shares">115293</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding contextRef="FI2016Q4" decimals="INF" id="Fact-6D694EB129C9DCDBF7BAE7FF27F23785" unitRef="shares">115293</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding>
	<pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding contextRef="FI2017Q3" decimals="INF" id="Fact-D92CA3931E8E3C750F6FE7FF27F282B6" unitRef="shares">115293</pnm:CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding>
	<pnm:Currentnumberofcustomersthathaveelectednonstandardmeterservice contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="INF" id="Fact-88637008723648A8E848E7FF313513DF" unitRef="Customer">99</pnm:Currentnumberofcustomersthathaveelectednonstandardmeterservice>
	<pnm:DebtInstrumentCovenantDebttoCapitalRatio contextRef="D2017Q3July20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PNM2017TermLoanAgreementMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_us-gaap_NotesPayableToBanksMember" decimals="INF" id="Fact-CBB70CB11AF1DF7172B0E7FF2D9D6C25" unitRef="Number">0.65</pnm:DebtInstrumentCovenantDebttoCapitalRatio>
	<pnm:DebtInstrumentCovenantDebttoCapitalRatio contextRef="D2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-9F07895C7E290BC431B8E7FF2D8D5888" unitRef="Number">0.65</pnm:DebtInstrumentCovenantDebttoCapitalRatio>
	<pnm:DebtInstrumentExtensionOptionOnTermNumberOfYears contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" id="Fact-715FDA0D3E8AFAE1CF2DED4365F5C1B5">P1Y</pnm:DebtInstrumentExtensionOptionOnTermNumberOfYears>
	<pnm:DebtInstrumentsNMPRCApprovedcreditfacility contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember" decimals="INF" id="Fact-9F76B7E73DBBA9F585F4E7FF2D9DD14A" unitRef="usd">50000000</pnm:DebtInstrumentsNMPRCApprovedcreditfacility>
	<pnm:DebtIstrumentNumberOfExtensionOptions contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="INF" id="Fact-9A73F47AA36710707DB9ED433C3537C4" unitRef="Extension">2</pnm:DebtIstrumentNumberOfExtensionOptions>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-BB1CB236F78BA88B3843E7FF2E1AC50D" unitRef="usd">5800000</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-586D447BC92A965FEB00E7FF2F5267AA" unitRef="usd">0</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-D15D48D07C63DA44825FE7FF2E1A6EEF" unitRef="usd">0</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-1EA823BCEF3DBCB02538E7FF2E1AD4A4" unitRef="usd">400000</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-5" id="Fact-EDF449F770231668A332E7FF2E1ABEF4" unitRef="usd">1400000</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-9CA69D04DA94655818F4E7FF2E1A6ADD" unitRef="usd">0</pnm:DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive>
	<pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-999430EB5EED10072733E7FF2E1A9E57" unitRef="usd">1500000</pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear>
	<pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-DE580DFDA509B39D2807E7FF2E1AA066" unitRef="usd">100000</pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear>
	<pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-F47E5669E66CD9FFD16BE7FF2E1A7D3E" unitRef="usd">0</pnm:DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3QTD" decimals="-5" id="Fact-C7C0CE0FFA0340CE04C0E7FF2D5F9106" unitRef="usd">200000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-1202CA08EB7A4379B26BE7FF2D5F9E04" unitRef="usd">100000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-CCF5B62F542989910E65E7FF2D5FFEEE" unitRef="usd">100000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3YTD" decimals="-5" id="Fact-22A77294237634C7A002E7FF2D5F6C17" unitRef="usd">2300000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-55C0684B3DAFBE132324E7FF2D5F1098" unitRef="usd">1700000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-E2839AB1D9B31F63EE0AE7FF2D5FA42A" unitRef="usd">600000</pnm:EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount>
	<pnm:Estimatedannualpropertytaxexpense contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" decimals="-5" id="Fact-93DD9F2EFDEB75B58A20E7FF3126BBED" unitRef="usd">1500000</pnm:Estimatedannualpropertytaxexpense>
	<pnm:Estimatedannualpropertytaxexpense contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-2BBD1D8F79E82FC32B7DE7FF313573B7" unitRef="usd">800000</pnm:Estimatedannualpropertytaxexpense>
	<pnm:Estimatedannualrentexpense contextRef="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" decimals="-5" id="Fact-E3843095B2010015B214E7FF3155D0F8" unitRef="usd">18100000</pnm:Estimatedannualrentexpense>
	<pnm:FinalReclamationCappedAmountToBeCollected contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="INF" id="Fact-8FCBFEB43B8B6A48B245E7FF2FA029AB" unitRef="usd">100000000.0</pnm:FinalReclamationCappedAmountToBeCollected>
	<pnm:FutureTestYearPeriod contextRef="D2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2014ElectricRateCaseMember" id="Fact-EA3553EB6774F3636B4E55598F3E8D07">P12M</pnm:FutureTestYearPeriod>
	<pnm:FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease contextRef="D2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2014ElectricRateCaseMember" id="Fact-9FEE063F50093CBEC5ACE7FF31559865">P13M</pnm:FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease>
	<pnm:GrossMargin contextRef="FD2016Q3QTD" decimals="-3" id="Fact-63E20003A3F3F9223E45E7FF2B7B01D5" unitRef="usd">291608000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A6A302EB1185B942F75EE7FF2B6B2ADC" unitRef="usd">222711000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AAB657117146AB3B34D4E7FF2B6B18D8" unitRef="usd">68897000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-7309560BAA70EBF69C69E7FF2B7B4D9E" unitRef="usd">0</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3YTD" decimals="-3" id="Fact-940724835D8019326B63E7FF2B6B28E1" unitRef="usd">744228000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DA34C4F95C34715ECA76E7FF2B7B50F1" unitRef="usd">557852000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0B9AA3940AE2FA3E915AE7FF2B7B22DA" unitRef="usd">186376000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-B522A2CF488007DCFEBEE7FF2B6BEE5A" unitRef="usd">0</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3QTD" decimals="-3" id="Fact-A13BFE0F0670D84931A5E7FF2BAAE55C" unitRef="usd">316152000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-ACC0B3962574214ABCF3E7FF2BB9F5D0" unitRef="usd">244887000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E726C3D1033868871B18E7FF2BB9CBFE" unitRef="usd">71265000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-B7032FEDEAD6F7B4D117E7FF2BAAF598" unitRef="usd">0</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3YTD" decimals="-3" id="Fact-3050D5C00D50E5F52275E7FF2BAA8E20" unitRef="usd">801580000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A35E105E9FD7FE938703E7FF2BAA6BC0" unitRef="usd">608274000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-89185F8312783CB79CEEE7FF2BAAA71A" unitRef="usd">193306000</pnm:GrossMargin>
	<pnm:GrossMargin contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-C4FA99C6C56F2FEB5311E7FF2BB90995" unitRef="usd">0</pnm:GrossMargin>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2016Q3YTD" decimals="-3" id="Fact-07FA09851B8C7A31D159E7FF2C073E06" unitRef="usd">2120000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-279086642556B524A518E7FF2C07CA96" unitRef="usd">2344000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-BD0682139120C459565CE7FF2C0781CC" unitRef="usd">-1611000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-A8F9CCDFAE0A66B10831E7FF2C07DFDD" unitRef="usd">3955000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-AA0A1A367AFE9C06EECFE7FF2C07DE19" unitRef="usd">-224000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2017Q3YTD" decimals="-3" id="Fact-8F3C06BC23FF2AD81D0DE7FF2BE8D929" unitRef="usd">2237000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BA3E67CA3BFE7756D624E7FF2BE88140" unitRef="usd">2424000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-F7A37891D423F660FE63E7FF2BE898F1" unitRef="usd">-1878000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-88A7795B95A5167F8BF3E7FF2BE82283" unitRef="usd">4302000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-47FF083F62AC07F4036BE7FF2BE8BE5C" unitRef="usd">-187000</pnm:IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2016Q3YTD" decimals="-3" id="Fact-7C5704FD68D7F93DA428E7FF2785E677" unitRef="usd">1145000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-07698A0F0F2B56B342BDE7FF29596214" unitRef="usd">-8283000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5991AB6C8DB110E6BAADE7FF2AFE9D08" unitRef="usd">9428000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2017Q3YTD" decimals="-3" id="Fact-6E9ADFCC62766AFC96B5E7FF27854CEE" unitRef="usd">21077000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5217B072589F4EC44A2FE7FF29598B7E" unitRef="usd">13881000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-2F5F9CA12AF78163BAE7E7FF2AFE0929" unitRef="usd">7196000</pnm:IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2016Q3YTD" decimals="-3" id="Fact-5C89DF5A57D01FB2E548E7FF27855602" unitRef="usd">20816000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E1A54CEB6CAD96D22327E7FF2959F35E" unitRef="usd">16146000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-45926A651BB9BC2FA8E9E7FF2AEFEC7D" unitRef="usd">22896000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2017Q3YTD" decimals="-3" id="Fact-883EFACA2D3FD9795CA1E7FF2785AE83" unitRef="usd">20722000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CDD17C5167A6A7CF0BFCE7FF2959B114" unitRef="usd">16221000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseInAccruedInterestAndTaxes contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9DBE0B5F75DA6041BF08E7FF2AFE631F" unitRef="usd">13550000</pnm:IncreaseDecreaseInAccruedInterestAndTaxes>
	<pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange contextRef="FD2016Q1QTD" decimals="-5" id="Fact-B1644E01236526DE7BC4E7FF325E307E" unitRef="usd">800000</pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange>
	<pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange contextRef="FD2016Q1QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-5" id="Fact-990C1EB0FF5878EBA26DE7FF325E2105" unitRef="usd">-100000</pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange>
	<pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange contextRef="FD2017Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-BFAB086A7990FD96DF1BE7FF325EE87B" unitRef="usd">100000</pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange>
	<pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange contextRef="FD2017Q1QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-5" id="Fact-2DE5C665177C4CF04719E7FF326DF985" unitRef="usd">100000</pnm:IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2016Q3YTD" decimals="-3" id="Fact-0BA1F15F53A019C17568E7FF279507E7" unitRef="usd">30208000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-75AFC13AA0EDD07522F2E7FF293AE989" unitRef="usd">20200000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-197D454605040B334F8FE7FF2AFED614" unitRef="usd">-10000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DD906630767504D0A5F4E7FF27A4BF1E" unitRef="usd">-4499000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CBEE0833F0B2860CE65CE7FF293A9157" unitRef="usd">-9399000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-2942CDB82AF477BC31B6E7FF2AFE174B" unitRef="usd">-251000</pnm:IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid>
	<pnm:IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges contextRef="FD2016Q1QTD" decimals="-5" id="Fact-0EB57668FBACC35EF767E7FF326DFA3D" unitRef="usd">-700000</pnm:IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges>
	<pnm:IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges contextRef="FD2017Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-3B88712F57FAE8B518BDE7FF326D3EC9" unitRef="usd">-100000</pnm:IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges>
	<pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-EE73E8CBF13DBE313E3DE7FF2D200921" unitRef="usd">100000</pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities>
	<pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-ECF413E6D366B1781A0AE7FF2D20351A" unitRef="usd">1000000</pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities>
	<pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-748494F53336B502E7F9E7FF2D20E54C" unitRef="usd">100000</pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities>
	<pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-D24E28DCE78367F85B42E7FF2D20F778" unitRef="usd">1100000</pnm:IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities>
	<pnm:IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate contextRef="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-010958657B080BDB3D37E7FF325E77A3" unitRef="usd">-7100000</pnm:IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate>
	<pnm:IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate contextRef="FD2017Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-BB8D14EC8E590BD78257E7FF326D7CC0" unitRef="usd">-4800000</pnm:IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate>
	<pnm:InstallationCapitalCosts contextRef="D2015Q4December_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member" decimals="-5" id="Fact-56E60D5B0469240D1D41E7FF2FA0C2EC" unitRef="usd">77700000</pnm:InstallationCapitalCosts>
	<pnm:InstallationCapitalCosts contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member" decimals="-5" id="Fact-8EBA69C4A969B0D703CCE7FF31558DB9" unitRef="usd">52300000</pnm:InstallationCapitalCosts>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2016Q3YTD" decimals="-3" id="Fact-D88F4056503AEB5996AEE7FF27A48FC0" unitRef="usd">75537000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-034348B1A6AE47121D53E7FF293AFAC8" unitRef="usd">53791000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AD6E1A215DBDA7E68993E7FF2AEFD9B8" unitRef="usd">15642000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DC874EFD9B86C9A016E2E7FF2795BC0B" unitRef="usd">75356000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-49B932ED02EBE2159BF6E7FF293ABDA3" unitRef="usd">48627000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-641B844C04917B65DABFE7FF2AFE5F43" unitRef="usd">16721000</pnm:InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction>
	<pnm:LeasedCapacitytobePurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" decimals="1" id="Fact-F184960EF61B20CE8DB5E7FF2C463D05" unitRef="mw">31.3</pnm:LeasedCapacitytobePurchased>
	<pnm:LeasedCapacitytobePurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="1" id="Fact-FE8BB30F001943E76B6FE7FF2C462790" unitRef="mw">32.8</pnm:LeasedCapacitytobePurchased>
	<pnm:Leasetermextensionperiod contextRef="D2015Q1January_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" id="Fact-55D11ACB3619317A4272E7FF31556FB2">P8Y</pnm:Leasetermextensionperiod>
	<pnm:Leasetermextensionperiod contextRef="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" id="Fact-E3C725988A8E65584A98E7FF3135C32A">P8Y</pnm:Leasetermextensionperiod>
	<pnm:LoanReceivableScheduledinterestpaymentproceeds contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-6BFB22B9DEF2A0D6C068E7FF2C27D562" unitRef="usd">1800000</pnm:LoanReceivableScheduledinterestpaymentproceeds>
	<pnm:LoanReceivableScheduledprincipalpaymentproceeds contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-0CA5E93014218423D3D0E7FF2C273785" unitRef="usd">9600000</pnm:LoanReceivableScheduledprincipalpaymentproceeds>
	<pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-440C987E76052947D595E7FF2C276282" unitRef="usd">4900000</pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts>
	<pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-4B010558F91140135644E7FF2C276F07" unitRef="usd">14500000</pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts>
	<pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-34D394115541944B16FBE7FF2C27C288" unitRef="usd">4900000</pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts>
	<pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-10A9C06D73FE86977ACDE7FF2C279A1B" unitRef="usd">14700000</pnm:LongTermContractForPurchaseOfElectricPowerFixedCosts>
	<pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-0A574FBE89E36A253D9FE7FF2C279C61" unitRef="usd">500000</pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges>
	<pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-DCA4F29289E8CD8CA53FE7FF2C27A5FB" unitRef="usd">1100000</pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges>
	<pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-F09B7D95BBDFA7C3D176E7FF2C275456" unitRef="usd">900000</pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges>
	<pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-5" id="Fact-AB4781C55708B816A0D4E7FF2C2745CF" unitRef="usd">1200000</pnm:LongTermContractForPurchaseOfElectricPowerVariableCharges>
	<pnm:Longtermcontractoptiontopurchaseownershippercentage contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="INF" id="Fact-E4F43710F328AA560A1EE7FF2C27CD7D" unitRef="Number">0.5</pnm:Longtermcontractoptiontopurchaseownershippercentage>
	<pnm:LongtermcontractoptiontopurchasepurchasepricepercentageofFMV contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="INF" id="Fact-5E624CF104F3253B012BE7FF2C27EAF6" unitRef="Number">0.5</pnm:LongtermcontractoptiontopurchasepurchasepricepercentageofFMV>
	<pnm:LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="INF" id="Fact-19049AE876659CE61E44E7FF2C27E99D" unitRef="Number">0.5</pnm:LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV>
	<pnm:LossContingencyNoticeofProposedDismissalPeriodtoShowCause contextRef="D2016Q2May4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-AE56DAF164D1FAA594FFE7FF31261053">P30D</pnm:LossContingencyNoticeofProposedDismissalPeriodtoShowCause>
	<pnm:LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired contextRef="D2017Q1March28_us-gaap_LitigationStatusAxis_us-gaap_PendingLitigationMember" id="Fact-556D67D24118818CC323E7FF2FA0955F">P30D</pnm:LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired>
	<pnm:NetBookValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member" decimals="-5" id="Fact-AB7F93E79A5ECEF09C9FE7FF3145862F" unitRef="usd">50000000</pnm:NetBookValue>
	<pnm:NetBookValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-B2A13C4C319DBA5E21C4E7FF2F81BEBD" unitRef="usd">260200000</pnm:NetBookValue>
	<pnm:NetBookValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-49EEEABA7C0F72E477C3E7FF3145EA30" unitRef="usd">76900000</pnm:NetBookValue>
	<pnm:NetbookvalueCapitalimprovements contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-FDF12E63E743AC2C1EBEE7FF31455639" unitRef="usd">39900000</pnm:NetbookvalueCapitalimprovements>
	<pnm:NewMexicoCorporatetaxrate2014 contextRef="FI2013Q4" decimals="INF" id="Fact-B6782FAB65EFF9D77A65E7FF325E95EB" unitRef="Number">0.076</pnm:NewMexicoCorporatetaxrate2014>
	<pnm:NewMexicoCorporatetaxrateeffectiveby2018 contextRef="FI2014Q4" decimals="INF" id="Fact-37D822D24B20348B4C8EE7FF325EEF9A" unitRef="Number">0.059</pnm:NewMexicoCorporatetaxrateeffectiveby2018>
	<pnm:NumberOfMegaWattsPurchased contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-D5C945D1237B97AAED64E7FF3135EB5D" unitRef="mw">64.1</pnm:NumberOfMegaWattsPurchased>
	<pnm:NumberOfMegaWattsPurchased contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_pnm_PurchasedThroughMay302028Member_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="INF" id="Fact-B729E59F7778498D038BE7FF2C27B10F" unitRef="mw">158</pnm:NumberOfMegaWattsPurchased>
	<pnm:NumberOfMegaWattsPurchased contextRef="I2016Q1January31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-E2B424E843EAF12F106EE7FF313544E9" unitRef="mw">64.1</pnm:NumberOfMegaWattsPurchased>
	<pnm:NumberOfMegaWattsPurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-3F63554A2A729E409B6EE7FF31263F39" unitRef="mw">64.1</pnm:NumberOfMegaWattsPurchased>
	<pnm:NumberofUnits contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-0B0F471DB152A266C65BE7FF2F90A4FC" unitRef="generating_unit">3</pnm:NumberofUnits>
	<pnm:Numberofallotmentparcelsappraisalrequestedforreview contextRef="I2014Q1Jan6_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-B006EDEBF5BC6A2EF970E7FF2F819625" unitRef="Allotment_Parcel">58</pnm:Numberofallotmentparcelsappraisalrequestedforreview>
	<pnm:Numberofallotmentparcelsatissue contextRef="I2015Q1Allottee_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-1C1BD2765DF1B01F2F1FE7FF2F814AD0" unitRef="Allotment_Parcel">5</pnm:Numberofallotmentparcelsatissue>
	<pnm:NumberofallotmentparcelsatissueNottobecondemned contextRef="I2015Q1Allottee_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-7B68E4FCA34E1AE54581E7FF2F815232" unitRef="Allotment_Parcel">2</pnm:NumberofallotmentparcelsatissueNottobecondemned>
	<pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents contextRef="I2014Q2April2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-DD70A1FF71EE77589D8BE7FF2FAFC63E" unitRef="Allotment_Parcel">6</pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents>
	<pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents contextRef="I2015Q1RSIP_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-B9EE50D6E94061270F52E7FF2F900298" unitRef="Allotment_Parcel">10</pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents>
	<pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents contextRef="I2017Q4Oct23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="INF" id="Fact-251F1A76A154F223D31C5518D1AF4F2F" unitRef="Allotment_Parcel">2</pnm:Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents>
	<pnm:Numberofclaimsforrelieffiled contextRef="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember" decimals="INF" id="Fact-B30C976FC72B4D2ED86AE7FF2F81D223" unitRef="lawsuit">15</pnm:Numberofclaimsforrelieffiled>
	<pnm:Numberofclaimsforrelieffiled contextRef="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember" decimals="INF" id="Fact-7BE50B4672EF5851F58CE7FF2F900D7A" unitRef="lawsuit">2</pnm:Numberofclaimsforrelieffiled>
	<pnm:NumberoflandownersclaimingtobeNavajoallottees contextRef="FI2012Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-0F2949C96425BCA1AB86E7FF2F909216" unitRef="landowner">43</pnm:NumberoflandownersclaimingtobeNavajoallottees>
	<pnm:NumberoflandownersclaimingtobeNavajoallottees contextRef="I2014Q2April2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="INF" id="Fact-9C8042D05BE4C577092EE7FF2F81B3F8" unitRef="landowner">43</pnm:NumberoflandownersclaimingtobeNavajoallottees>
	<pnm:Numberofleasesexpiring contextRef="I2015Q1BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" decimals="INF" id="Fact-7C0AB985E258D2F0B4CDE7FF2C46658D" unitRef="lease">4</pnm:Numberofleasesexpiring>
	<pnm:Numberofleasesexpiring contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-E6835D63FC69C44FAE76E7FF2C46D67F" unitRef="lease">4</pnm:Numberofleasesexpiring>
	<pnm:Numberofminesimpacted contextRef="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember" decimals="INF" id="Fact-1B5892B2A72DCF6E15A3E7FF2FA0E95C" unitRef="mine">7</pnm:Numberofminesimpacted>
	<pnm:Numberofstatesimpacted contextRef="I2013Q1WEG_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_WEGvOSMLawsuitMember" decimals="INF" id="Fact-99E8060D2C58ECA3776BE7FF2F81C9E1" unitRef="state">4</pnm:Numberofstatesimpacted>
	<pnm:NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan contextRef="I2016Q1CPP_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanPowerPlanMember" decimals="INF" id="Fact-D60FE906981D329FBCF0E7FF2F9007EB" unitRef="state">29</pnm:NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan>
	<pnm:Numberofwellswithelevatedlevelsofnitrates contextRef="I2013Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_SantaFegeneratingstationMember" decimals="INF" id="Fact-DE47233E7F2DB491E8E7E7FF2F81B6C1" unitRef="well">3</pnm:Numberofwellswithelevatedlevelsofnitrates>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2016Q4" decimals="-3" id="Fact-20DB14B0C600B3307C22E7FF27B4FB53" unitRef="usd">75238000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-65A489D748BC2032BD53E7FF29975CD3" unitRef="usd">68149000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CD84AF2A4F16190F3A9CE7FF2B0E815F" unitRef="usd">5277000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2017Q3" decimals="-3" id="Fact-821456328313D5624DD9E7FF27B4D4D8" unitRef="usd">94849000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6C94EE94AFCDC55607B1E7FF2997F5A7" unitRef="usd">85789000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BB660C37084D66569229E7FF2B0EF99B" unitRef="usd">6170000</pnm:OtherDeferredCostsNetIncludingDeferredFinanceCosts>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-BB4DC9D16682159003D0E7FF2B7B7F4E" unitRef="usd">5651000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3AA8B4F554DD3E972F2AE7FF2B6B9F28" unitRef="usd">4980000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E625DB5CEA3419603064E7FF2B7B8A2F" unitRef="usd">855000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-293F7C5D48C6B064F7A8E7FF2B6B075B" unitRef="usd">-184000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-F47A8F32BF461C5C7730E7FF2B6BC04B" unitRef="usd">17927000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-46DF94BA03B11D69C741E7FF2B7BFAFB" unitRef="usd">17305000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5B5625FB082A5BD17A64E7FF2B7BD4BC" unitRef="usd">2139000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-3D03394E676AD93D1300E7FF2B6B43A7" unitRef="usd">-1517000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-9BD0D5AE3BC69CD3BB1FE7FF2BAA0FF7" unitRef="usd">7110000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CD70060CD854B0F55102E7FF2BAA108C" unitRef="usd">6342000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7C8C146A4A1E13111FD5E7FF2BB9FE82" unitRef="usd">1228000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-7630DA2725B6799DB13AE7FF2BAAFF75" unitRef="usd">-460000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-42FD5490C9BD542C417EE7FF2BB982B7" unitRef="usd">21398000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-81849363253BB10A49BBE7FF2BB943FA" unitRef="usd">19924000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F1FF24106FE2B4284518E7FF2BB9A57C" unitRef="usd">2392000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherIncomeDeductionsExcludingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-FDAB3481D7D24F47B8A7E7FF2BAAA238" unitRef="usd">-918000</pnm:OtherIncomeDeductionsExcludingInterest>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4" decimals="-3" id="Fact-667FDBC7896A39F70567E7FF2C751801" unitRef="usd">1164000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-84AD26EF417C85F5A053E7FF2C754D8A" unitRef="usd">316000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-44A77AB24DD2FFFA9DDAE7FF2C75C80A" unitRef="usd">316000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-3CBA25D34F26B5E9AD3AE7FF2C75BA28" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-6C4EDC8AC6EEA31C463FE7FF2C75138C" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-59FA731ED7CBCD263113E7FF2C751FB9" unitRef="usd">316000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3EBF3B76D1FAD8701DB7E7FF2C75011D" unitRef="usd">231000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-B7F58250DDBDA444F635E7FF2C650A6D" unitRef="usd">231000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-9B692D631AB1954DDC3CE7FF2C75128B" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-FC8AF509D31A83189A2BE7FF2C75F8D4" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-8AF842E7A87BF3F77DD2E7FF2C756818" unitRef="usd">231000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-A151784E6F01481BAD85E7FF2C75F3C4" unitRef="usd">547000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-5C7F0F7DFD279D7CB170E7FF2C6512AD" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-D49651FAA67F1024DE28E7FF2C75E8F5" unitRef="usd">617000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-48F542B8EBDB9AA8C378E7FF2C653279" unitRef="usd">547000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3" decimals="-3" id="Fact-DE2ED77036565C1C5AB0E7FF2C7506AA" unitRef="usd">386000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-156108ABB3AABE4D5662E7FF2C753F14" unitRef="usd">166000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-D9CB267EBC923E6ED83BE7FF2C752CBB" unitRef="usd">166000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-DB716E1EF7E274BC4F32E7FF2C753431" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-904F893AABF4E24E2583E7FF2C75A9B5" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-DC6E1686486CE8220283E7FF2C75DEC8" unitRef="usd">166000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4E209D18E6B431BEE0CBE7FF2C758E10" unitRef="usd">220000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-A6837C4B5B324904B529E7FF2C75821E" unitRef="usd">220000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-B1225CE595795CFDB531E7FF2C757B85" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-CFE995FF32D77FCFED3BE7FF2C75753B" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-A8E6B1D6D4DB56E83C5EE7FF2C7553C2" unitRef="usd">220000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-7D38332BC28E232FA4CDE7FF2C751A9B" unitRef="usd">386000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-001013D2D6533A54DF1EE7FF2C75C9B9" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-D1A155DFEBFC4CFFAE7FE7FF2C656970" unitRef="usd">0</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherInvestmentsFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-6A8E770709B7018FF85BE7FF2C75407D" unitRef="usd">386000</pnm:OtherInvestmentsFairValueDisclosure>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3QTD" decimals="-3" id="Fact-58BD7CD846D90A5BF374E7FF2B6BD458" unitRef="usd">130520000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D49B2D9CDCF4ADAEC0F9E7FF2B6BDBE9" unitRef="usd">109342000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0D0D2B9848206BF09B46E7FF2B6B8340" unitRef="usd">24184000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-098A776D2721A065D660E7FF2B7BD5AD" unitRef="usd">-3006000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3YTD" decimals="-3" id="Fact-E3EC4DF490D1B6F2FFE4E7FF2B7B4355" unitRef="usd">376028000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C16FD8A3D1A93BA0B49EE7FF2B6B040D" unitRef="usd">314961000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A9F93AB6EE8A0AB0F41CE7FF2B7B3EA2" unitRef="usd">70328000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-DF5FB76D55A413632888E7FF2B6B2AAC" unitRef="usd">-9261000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3QTD" decimals="-3" id="Fact-5B796FC3E550997692B3E7FF2BB97E97" unitRef="usd">114847000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3352E356B19046FB4F80E7FF2BB9211C" unitRef="usd">94871000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9810856481DC9268D01EE7FF2BB9EBF5" unitRef="usd">25367000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-6D514333E37922156705E7FF2BB91B7D" unitRef="usd">-5391000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3YTD" decimals="-3" id="Fact-BF3372C536EE7F2EEACEE7FF2BAA2C71" unitRef="usd">345202000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4D7932905282584026F7E7FF2BB9D907" unitRef="usd">288300000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-00EA871DF21075B2FA8FE7FF2BB96833" unitRef="usd">72188000</pnm:OtherOperatingExpenses>
	<pnm:OtherOperatingExpenses contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-156B7B2BABDFDFE82CC7E7FF2BB98EB4" unitRef="usd">-15286000</pnm:OtherOperatingExpenses>
	<pnm:Paymentstofundlongtermloanstounaffiliatedthirdparty contextRef="D2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-9772187FF2415A6A332FE7FF2FA03FE7" unitRef="usd">125000000.0</pnm:Paymentstofundlongtermloanstounaffiliatedthirdparty>
	<pnm:Paymentstofundlongtermloanstounaffiliatedthirdparty contextRef="D2016Q1SJCC_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-EA457DE5BBEBF627159BE7FF2D9D1DEB" unitRef="usd">125000000.0</pnm:Paymentstofundlongtermloanstounaffiliatedthirdparty>
	<pnm:Percentageofownershipheldbyexitingowners contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit3Member" decimals="INF" id="Fact-68B3BCF51F2D9B20E0D8E7FF2F90749B" unitRef="Number">0.5</pnm:Percentageofownershipheldbyexitingowners>
	<pnm:Percentageofownershipheldbyexitingowners contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="3" id="Fact-EA6015519322D843E2A0E7FF2F81416A" unitRef="Number">0.388</pnm:Percentageofownershipheldbyexitingowners>
	<pnm:Performanceperiod contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" id="Fact-3B4F3FB89715C422B4ACE7FF2D6EBC2D">P3Y</pnm:Performanceperiod>
	<pnm:Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets contextRef="FD2017Q3YTD_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanPowerPlanMember" id="Fact-3BD44E162B8F56A0E4ADE7FF2FA0B96B">P2Y</pnm:Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets>
	<pnm:Periodoftimeforwhichcapitalimprovementsweredisallowed contextRef="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" id="Fact-F0D1F27585EE380090DAE7FF3135CF1D">P15M</pnm:Periodoftimeforwhichcapitalimprovementsweredisallowed>
	<pnm:Periodoftimefromstatedesignationtoprovideimplementationplans contextRef="D2016Q1February25_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" id="Fact-EC896E5C1300AD37F64AE7FF2FA0BAEB">P36M</pnm:Periodoftimefromstatedesignationtoprovideimplementationplans>
	<pnm:Periodoftimetoactonsettlement contextRef="D2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" id="Fact-BDDCA47CEEC2D81E617EE7FF2F81FC44">P16M</pnm:Periodoftimetoactonsettlement>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2016Q3QTD" decimals="-3" id="Fact-EFF1565FABFBE117EA19E7FF275686E0" unitRef="usd">132000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2016Q3YTD" decimals="-3" id="Fact-2480A50C1764FFEEB38BE7FF2756483D" unitRef="usd">396000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2017Q3QTD" decimals="-3" id="Fact-5193E88ACBE279020736E7FF27562AA6" unitRef="usd">132000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2017Q3YTD" decimals="-3" id="Fact-21C18094881278329C9DE7FF27661CE2" unitRef="usd">396000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-4EF3018AFF591A4082C5E7FF2821284A" unitRef="usd">396000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:PreferredStockDividendRequirementsOfSubsidiary contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-C8B59CA027686DD4E62BE7FF2811B8A7" unitRef="usd">396000</pnm:PreferredStockDividendRequirementsOfSubsidiary>
	<pnm:Prepaymentpenalty contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-0954577F1AC04A579791E7FF2F90C101" unitRef="usd">0</pnm:Prepaymentpenalty>
	<pnm:Presumednumberofcustomersthatwillelectnonstandardmeterservice contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="INF" id="Fact-C30E3C707AA8909614EEE7FF3135389E" unitRef="Customer">1081</pnm:Presumednumberofcustomersthatwillelectnonstandardmeterservice>
	<pnm:ProceedsFromTransmissionInterconnectionArrangements contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B18C9C2A5C8FDAE385F7317F90AB007D" unitRef="usd">3262000</pnm:ProceedsFromTransmissionInterconnectionArrangements>
	<pnm:ProceedsFromTransmissionInterconnectionArrangements contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F3EDE2C1577DE9D2CA2850515A295EFE" unitRef="usd">3262000</pnm:ProceedsFromTransmissionInterconnectionArrangements>
	<pnm:ProceedsFromTransmissionInterconnectionArrangements contextRef="FD2017Q3YTD" decimals="-3" id="Fact-649980DB3281820ECD19317F4B149F1D" unitRef="usd">11879000</pnm:ProceedsFromTransmissionInterconnectionArrangements>
	<pnm:ProceedsFromTransmissionInterconnectionArrangements contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-047456446A960AA4D85250515A285AAF" unitRef="usd">11879000</pnm:ProceedsFromTransmissionInterconnectionArrangements>
	<pnm:PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount contextRef="D2017Q2May23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-5" id="Fact-719A79F8AEFEA393BB3DE7FF31558857" unitRef="usd">32300000</pnm:PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount>
	<pnm:PublicUtilities1hourSO2EmissionsRate contextRef="I2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-12BA18B0D9B404ED2916E7FF2FA02A90" unitRef="lb_PER_MMBTU">0.45</pnm:PublicUtilities1hourSO2EmissionsRate>
	<pnm:PublicUtilitiesAccumulatedplantwriteoffdisallowance contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-13D84EADB6451A0EA208E7FF2F8114D0" unitRef="usd">128600000</pnm:PublicUtilitiesAccumulatedplantwriteoffdisallowance>
	<pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts contextRef="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-F4BE28B90461BDB6BB8DE7FF2FAF3423" unitRef="mw">65</pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts>
	<pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts contextRef="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-585DDA39C66DEF097267E7FF2FA095E8" unitRef="mw">132</pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts>
	<pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-B5C3FC4D17911B16BB98E7FF2F81E169" unitRef="mw">132</pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts>
	<pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-94B7037ECA2B8B44612EE7FF2FA0A17E" unitRef="mw">65</pnm:PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts>
	<pnm:PublicUtilitiesAggregateAmountOfAllRiskInsurance contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-6A3C3A04FD88E644BDAFE7FF2F815F0C" unitRef="usd">2750000000.00</pnm:PublicUtilitiesAggregateAmountOfAllRiskInsurance>
	<pnm:PublicUtilitiesAnnualPaymentLimitationRelatedToIncident contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-95488BAC3B1C86F5B9C6E7FF2FA03CCE" unitRef="usd">5800000.0</pnm:PublicUtilitiesAnnualPaymentLimitationRelatedToIncident>
	<pnm:PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="-5" id="Fact-659E4705AA2F82FA25B7E7FF31264751" unitRef="usd">42400000</pnm:PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate>
	<pnm:PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="-5" id="Fact-9C011C9E86D8D6F0797FE7FF31556E05" unitRef="usd">50000000</pnm:PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate>
	<pnm:PublicUtilitiesAnnualcostofRenewableEnergyCredits contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="-5" id="Fact-C62D215057E55CB2492FE7FF2F904251" unitRef="usd">7000000</pnm:PublicUtilitiesAnnualcostofRenewableEnergyCredits>
	<pnm:PublicUtilitiesAnticipatedfutureprofitincentive contextRef="I2016Q2EE_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-49117CA1DB9BE72A0103E7FF3135FFDA" unitRef="usd">2400000</pnm:PublicUtilitiesAnticipatedfutureprofitincentive>
	<pnm:PublicUtilitiesAnticipatedfutureprofitincentive contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-70D54283E5EAA248AE9CE7FF3155D6AD" unitRef="usd">1900000</pnm:PublicUtilitiesAnticipatedfutureprofitincentive>
	<pnm:PublicUtilitiesAnticipatedfutureprofitincentive contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-620B2EC9CAC149FB8880E7FF3135DDE1" unitRef="usd">2100000</pnm:PublicUtilitiesAnticipatedfutureprofitincentive>
	<pnm:PublicUtilitiesAnticipatedfutureprofitincentive contextRef="I2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-562178CBD6C445EE19F3E7FF3145E6DC" unitRef="usd">1700000</pnm:PublicUtilitiesAnticipatedfutureprofitincentive>
	<pnm:PublicUtilitiesApprovedDeploymentCosts contextRef="D2011Q3JulyMonth_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="-5" id="Fact-660FB2292736BC3DB986E7FF31451C2D" unitRef="usd">113400000</pnm:PublicUtilitiesApprovedDeploymentCosts>
	<pnm:PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="INF" id="Fact-ACF8BF85FE33A86F7F04E7FF3135F193" unitRef="usd">36.78</pnm:PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge>
	<pnm:PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-C59E8105C844C61D6029E7FF31553547" unitRef="usd">168.61</pnm:PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange>
	<pnm:PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-2E0B63CA44A2E2348007E7FF315562AD" unitRef="usd">63.97</pnm:PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange>
	<pnm:PublicUtilitiesApprovedleaseacquisitioncosts contextRef="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-71ECA308F8ED37D94F17E7FF31559B95" unitRef="usd">83700000</pnm:PublicUtilitiesApprovedleaseacquisitioncosts>
	<pnm:PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology contextRef="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" decimals="-5" id="Fact-06735FA7B47173C64480E7FF31357752" unitRef="usd">300000</pnm:PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology>
	<pnm:PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-8CA70C70556E13E39E7AE7FF3155B2B7" unitRef="usd">-42900000</pnm:PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts>
	<pnm:PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-AC925DA9D3BDDECAE4BFE7FF312636FA" unitRef="usd">-200000</pnm:PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount>
	<pnm:PublicUtilitiesCollaborativeArrangementContractTerm contextRef="D2016Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" id="Fact-AA768CFA0972AE70CFEEE7FF31558DE4">P1Y</pnm:PublicUtilitiesCollaborativeArrangementContractTerm>
	<pnm:PublicUtilitiesCollaborativeArrangementContractTerm contextRef="D2017Q2May10_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" id="Fact-6ADBC82CC704B1216F1B555C25B0EB47">P5Y</pnm:PublicUtilitiesCollaborativeArrangementContractTerm>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-1E1535CFEB4D73B3291DF2B8C8FEB44A" unitRef="usd">6400000</pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-C9F11023CA57F26D2895F2B78F18C455" unitRef="usd">8100000</pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-A8D60DFDAF8706230851F2B9116DF153" unitRef="usd">7600000</pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-BC94ED40947EE3D91BF7F2B846A12B63" unitRef="usd">18200000</pnm:PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-11B3DC9AEAD63CB6C720F2B8C466D602" unitRef="usd">6200000</pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-C1EEA3CDC746F7231D43F2B7361C225F" unitRef="usd">7800000</pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-750FAF7DDC29BBBB1BD1F2B90CEBD4D1" unitRef="usd">7200000</pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-5" id="Fact-A08DFD33CDD99A38F305F2B841FE48BD" unitRef="usd">17700000</pnm:PublicUtilitiesCollaborativeArrangementHoursSoldAmount>
	<pnm:PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts contextRef="D2016Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="INF" id="Fact-D493F6B0925FA45FB266E7FF3155959A" unitRef="mw">100</pnm:PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-CB34857EE4EB14CB0E0EF2B8C6AC7314" unitRef="gwh">216400000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-7B51338AD3A10FD667EEF2B7648C10E3" unitRef="gwh">278800000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-AEEAB5D50A009AD3990AF2B90F287F6D" unitRef="gwh">215100000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-1A01E589C4554A3EA244F2B844560F74" unitRef="gwh">632500000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-CF30E0C5EC6E70939DBAF2B8C240EF7D" unitRef="gwh">208200000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-71518B8AA8091CD7BB78F2B6F2B2F094" unitRef="gwh">268500000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-49040FB2E20628850872F2B90A3397C1" unitRef="gwh">202400000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold>
	<pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CounterpartyNameAxis_pnm_TriStateMember" decimals="-1" id="Fact-F8342A0AC752BCD341B6F2B83F923256" unitRef="gwh">615000000</pnm:PublicUtilitiesCollaborativeArrangementNumberofHoursSold>
	<pnm:PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod contextRef="D2011Q3JulyMonth_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" id="Fact-07450C2B4F2874D4EA12E7FF31455089">P12Y</pnm:PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod>
	<pnm:PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-FFB4DE6CBFB6FE3101C4E7FF31450A05" unitRef="Number">0.15</pnm:PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount>
	<pnm:PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization contextRef="D2017Q1March13_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-3D767B7158BFDE03A101E7FF3126C51F" unitRef="usd">-1100000</pnm:PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization>
	<pnm:PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-A7E3A385124EFE79537607E9F766DE97" unitRef="mw">36</pnm:PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement>
	<pnm:PublicUtilitiesConcentrationRiskPotentialMarketRisk contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-D361B06484DCCBBC0829E7FF2D2048B7" unitRef="mw">65</pnm:PublicUtilitiesConcentrationRiskPotentialMarketRisk>
	<pnm:PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003 contextRef="FI2017Q3_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember" decimals="INF" id="Fact-EE43A98030FBDAC3FE84E7FF2F90B532" unitRef="Number">0.08</pnm:PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003>
	<pnm:PublicUtilitiesCurrentownershipinterestinMegawatts contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="INF" id="Fact-76F9C623707F3E728DC2E7FF2F909F6C" unitRef="mw">418</pnm:PublicUtilitiesCurrentownershipinterestinMegawatts>
	<pnm:PublicUtilitiesDisallowedleaseholdimprovements contextRef="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-B14E4077B82AF6ED0441E7FF3135F58B" unitRef="usd">43800000</pnm:PublicUtilitiesDisallowedleaseholdimprovements>
	<pnm:PublicUtilitiesEmissionsTonsofSO2peryear contextRef="I2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" decimals="INF" id="Fact-C4874DD50F6C2D605BB4E7FF2FA0CF23" unitRef="t">16000</pnm:PublicUtilitiesEmissionsTonsofSO2peryear>
	<pnm:PublicUtilitiesEmissionsTonsofSO2peryear contextRef="I2015Q1NAAQS_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-6BF91C59DCD4A3B584B5E7FF2F90DB58" unitRef="t">2600</pnm:PublicUtilitiesEmissionsTonsofSO2peryear>
	<pnm:PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested contextRef="D2017Q2May25_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-12975CA5E9874D177631E7FF3126560F" unitRef="usd">6000000</pnm:PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested>
	<pnm:PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested contextRef="D2017Q2May25_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-2D290219938ED77E6F63E7FF3155DDD7" unitRef="usd">1100000</pnm:PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested>
	<pnm:PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh contextRef="I2016Q2EE_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-48BE2F0EA48F56E70CF0E7FF31261E7F" unitRef="gwh">75</pnm:PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh>
	<pnm:PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-A8927C3358B688A92265E7FF3126D5E9" unitRef="gwh">53</pnm:PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms contextRef="I2016Q2EE_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-CF79EF27ADBCC12F8201E7FF313524F4" unitRef="program">10</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-AE44570FBEBB7BAEAF47E7FF31359A33" unitRef="program">10</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-F8CCDD9C10E567F71980E7FF3155F039" unitRef="program">10</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum contextRef="D2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-26047D4264C29F72F390E7FF31556074" unitRef="usd">1800000</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive contextRef="D2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-C5E7260BB72B1CB11256E7FF3145E62C" unitRef="usd">2100000</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive contextRef="D2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-703EC9E5B3F4CB7EEA4AE7FF31357B12" unitRef="usd">1900000</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings contextRef="I2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-B3671BF7AF7EB31B4536E7FF31352F53" unitRef="gwh">70</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings>
	<pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings contextRef="I2017Q3July26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="INF" id="Fact-DECF02830F3A66403AC2E7FF3155B9BF" unitRef="gwh">69</pnm:PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings>
	<pnm:PublicUtilitiesEstimatedFutureInvestment contextRef="I2016Q1February26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedmeteringinfrastructureMember" decimals="-6" id="Fact-3874DD53756E0B65A97DE7FF314580ED" unitRef="usd">33000000</pnm:PublicUtilitiesEstimatedFutureInvestment>
	<pnm:PublicUtilitiesEstimatedIncreaseinCoalCostPercentage contextRef="FI2017Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="2" id="Fact-CFD88E7192569ED8C4BCE7FF2FA04793" unitRef="Number">0.51</pnm:PublicUtilitiesEstimatedIncreaseinCoalCostPercentage>
	<pnm:PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange contextRef="FI2017Q3_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember" decimals="-6" id="Fact-E4FEB001C46879E321E8E7FF2FA07E8A" unitRef="usd">5000000</pnm:PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange>
	<pnm:PublicUtilitiesEstimatedcoststoberecovered contextRef="I2016Q1February26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedmeteringinfrastructureMember" decimals="-5" id="Fact-01266462D49163DF2ECFE7FF3155D402" unitRef="usd">87200000</pnm:PublicUtilitiesEstimatedcoststoberecovered>
	<pnm:PublicUtilitiesEstimatedcoststoberecovered contextRef="I2017Q2May12_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedmeteringinfrastructureMember" decimals="-5" id="Fact-2DEC829F421C46181FA04B7242648501" unitRef="usd">95100000</pnm:PublicUtilitiesEstimatedcoststoberecovered>
	<pnm:PublicUtilitiesEstimatedcoststoremainunrecovered contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember" decimals="-6" id="Fact-C60DE7837F1BFB10DA65E7FF2FA02CFA" unitRef="usd">20000000</pnm:PublicUtilitiesEstimatedcoststoremainunrecovered>
	<pnm:PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision contextRef="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" id="Fact-2EC9D8108E8803DB46B1E7FF3155C2F2">P15M</pnm:PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision>
	<pnm:PublicUtilitiesEstimatedratebasevalueat112018 contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-EDDEBAF2C07CA9D6D82DE7FF2F814997" unitRef="usd">0</pnm:PublicUtilitiesEstimatedratebasevalueat112018>
	<pnm:PublicUtilitiesEstimatedundepreciatedvalueat123117 contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member" decimals="-6" id="Fact-EB4B4751D6898741B1AEE7FF2F907F13" unitRef="usd">155000000</pnm:PublicUtilitiesEstimatedundepreciatedvalueat123117>
	<pnm:PublicUtilitiesExpectedaveragemonthlyusageinmegawatts contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" decimals="INF" id="Fact-E5367573E0ECF907B9D1E7FF3135DA00" unitRef="mw">10</pnm:PublicUtilitiesExpectedaveragemonthlyusageinmegawatts>
	<pnm:PublicUtilitiesFrequencyofIRPfilings contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_IntegratedResourcePlan2011Member" id="Fact-E5330C2D81E18536DE07E7FF3155E6DF">P3Y</pnm:PublicUtilitiesFrequencyofIRPfilings>
	<pnm:PublicUtilitiesGovernmentStandardEmissionLimit contextRef="FI2015Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-3689E3F2484D564DFE23E7FF2FA0D089" unitRef="parts_per_billion">75</pnm:PublicUtilitiesGovernmentStandardEmissionLimit>
	<pnm:PublicUtilitiesGovernmentStandardEmissionLimit contextRef="I2014Q4EPA_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-E42A3818ED378BDC9BACE7FF2F90556C" unitRef="parts_per_billion">70</pnm:PublicUtilitiesGovernmentStandardEmissionLimit>
	<pnm:PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_AlvaradosquareMember" decimals="-5" id="Fact-CEF3AAACC5DB86552388E7FF3155E5C1" unitRef="usd">4500000</pnm:PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts>
	<pnm:PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-5534F927FF112F1C354FE7FF3155F5D0" unitRef="usd">163300000</pnm:PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts>
	<pnm:PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers contextRef="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_PublicUtilitiesRevenueStreamAxis_pnm_RefinedCoalMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember" decimals="INF" id="Fact-F3BBBC2EB67412187224E7FF3126E761" unitRef="Number">1</pnm:PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers>
	<pnm:PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-0487F5777324D72B6C5AE7FF313579FB" unitRef="usd">41300000</pnm:PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount>
	<pnm:PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="5" id="Fact-ADA616D721E6B7E35AE8E7FF31265715" unitRef="Number">0.09575</pnm:PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage>
	<pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue contextRef="D2015Q3September10_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-638448E29BB1630659E0E7FF324E2633" unitRef="usd">1400000</pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue>
	<pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue contextRef="D2016Q1March23_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-1D054103DD43355D9D0EE7FF324ECE3D" unitRef="usd">4300000</pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue>
	<pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue contextRef="D2016Q3Sep08_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-BBC1900E8727D9F33805E7FF324E2B10" unitRef="usd">1800000</pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue>
	<pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue contextRef="D2017Q1March14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-033AC3044E27DC9855AFE7FF324E1213" unitRef="usd">4800000</pnm:PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue>
	<pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod contextRef="D2014Q3July1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-ECB6A11C39D3DFB1ED2FE7FF3126BEAE">P4Y</pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod>
	<pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod contextRef="D2017Q3July3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-5FC6916B2F52B0616845E7FF3155AE26">P4Y</pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod>
	<pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod contextRef="FD2017Q3YTD_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-15D6F9A52646448BEEF7E7FF315550F6">P4Y</pnm:PublicUtilitiesIntegratedResourcePlanActionPlanPeriod>
	<pnm:PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings contextRef="FI2016Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-0BAA81306A1FAAFAACC0E7FF3155C2DE" unitRef="meeting">17</pnm:PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings>
	<pnm:PublicUtilitiesLiabilityInsuranceCoverage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_InsuranceCarrierAxis_pnm_CommercialProvidersMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-EEE8F5C7D29854EA95E4E7FF2FA025B3" unitRef="usd">450000000</pnm:PublicUtilitiesLiabilityInsuranceCoverage>
	<pnm:PublicUtilitiesLiabilityInsuranceCoverage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_InsuranceCarrierAxis_pnm_IndustryWideRetrospectiveAssessmentProgramMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-BE6F1A129C3E400DC5E8E7FF2F81A346" unitRef="usd">13000000000.0</pnm:PublicUtilitiesLiabilityInsuranceCoverage>
	<pnm:PublicUtilitiesLiabilityInsuranceCoverage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-356EED9B4C762A5A877AE7FF2F904D7E" unitRef="usd">13400000000.0</pnm:PublicUtilitiesLiabilityInsuranceCoverage>
	<pnm:PublicUtilitiesLiabilityInsuranceCoverageSublimit contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-F3325D123669DC2B8C2FE7FF2F90FDD4" unitRef="usd">2250000000.00</pnm:PublicUtilitiesLiabilityInsuranceCoverageSublimit>
	<pnm:PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MaximumMember" id="Fact-EF8A967E6C90ED07CB38E7FF2D9D8DAC">P18M</pnm:PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval>
	<pnm:PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-F425DC62AE2815DB943EE7FF2F90F3AF" unitRef="usd">5400000.0</pnm:PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited>
	<pnm:PublicUtilitiesMaximumPotentialAssessmentPerIncident contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-25AB701D46C5DFEE6AD9E7FF2FA07D5B" unitRef="usd">38900000.0</pnm:PublicUtilitiesMaximumPotentialAssessmentPerIncident>
	<pnm:PublicUtilitiesMotionFiledforExtensionofProceduralSchedule contextRef="D2017Q1March27_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-563E5FA01919B80240E6E7FF3126852F">P1M</pnm:PublicUtilitiesMotionFiledforExtensionofProceduralSchedule>
	<pnm:PublicUtilitiesMotionFiledforExtensionofProceduralSchedule contextRef="D2017Q4Oct23_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" id="Fact-56A149CCEBBB3159D544551F1C5A5EA6">P90D</pnm:PublicUtilitiesMotionFiledforExtensionofProceduralSchedule>
	<pnm:PublicUtilitiesNetCarryingValueofUtilityPlant contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-675AA1517C977AF271CEE7FF2FA01556" unitRef="usd">131600000</pnm:PublicUtilitiesNetCarryingValueofUtilityPlant>
	<pnm:PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts contextRef="I2016Q2April26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="INF" id="Fact-7ED8A1BC58007FE3DE65E7FF3155AADE" unitRef="mw">80</pnm:PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts>
	<pnm:PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="-5" id="Fact-8558A1C175936C36408BE7FF31355ACC" unitRef="usd">500000</pnm:PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers>
	<pnm:PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="-5" id="Fact-BAF1CE55A2493CDB69AFE7FF31559D7D" unitRef="usd">200000</pnm:PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers>
	<pnm:PublicUtilitiesNumberOfComplianceAlternatives contextRef="I2012Q3August6th_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="INF" id="Fact-27DA162C9DD140A019B6E7FF2F81BADA" unitRef="compliance_alternative">2</pnm:PublicUtilitiesNumberOfComplianceAlternatives>
	<pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-13703A0BE67E2997CF48E7FF3155B538" unitRef="mw">40</pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity>
	<pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-A27AE53DDCC912B0F0A8E7FF31556E4A" unitRef="mw">107</pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity>
	<pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardSupplementalProcurementMember" decimals="INF" id="Fact-4571E5E8D5CDE832A8DDE7FF3135AC52" unitRef="mw">1.5</pnm:PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity>
	<pnm:PublicUtilitiesNumberOfStatesToAddressRegionalHaze contextRef="I1999Q4December31_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToRegionalHazeMember" decimals="INF" id="Fact-00517DBAE6314FAF48EAE7FF2F90D904" unitRef="state">50</pnm:PublicUtilitiesNumberOfStatesToAddressRegionalHaze>
	<pnm:PublicUtilitiesNumberofAdditionalSignatories contextRef="I2017Q2May5_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-02CD0E306C594C4E5094E7FF31353346" unitRef="signatory">13</pnm:PublicUtilitiesNumberofAdditionalSignatories>
	<pnm:PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-2D5EBAA9125C966D7082E7FF31351858" unitRef="mw">4</pnm:PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput>
	<pnm:PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity contextRef="FD2015Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandard2014Member" decimals="INF" id="Fact-424493382C1039ED108AE7FF3135FCB4" unitRef="mw">102</pnm:PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity>
	<pnm:PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandard2014Member" decimals="INF" id="Fact-162059C821ACB612C3ADE7FF31647CBD" unitRef="mw">204</pnm:PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity>
	<pnm:PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020 contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-122BFA5CE650D4514651E7FF2FA03F0A" unitRef="mwh">1</pnm:PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020>
	<pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member" decimals="INF" id="Fact-11C402F8DDF7566332DDE7FF2D20EFB5" unitRef="mw">134</pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration>
	<pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member" decimals="INF" id="Fact-EE78782D97C43F36DA27E7FF2F81293E" unitRef="mw">134</pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration>
	<pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration contextRef="I2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-76E8D9523DB2AD339546E7FF313589BD" unitRef="mw">114.6</pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration>
	<pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration contextRef="I2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-E44671E624BE2C215CD3E7FF31551375" unitRef="mw">114.6</pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration>
	<pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration contextRef="I2016Q4October26_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-6EF6D58DAD15F21F98D9E7FF312639C5" unitRef="mw">114.6</pnm:PublicUtilitiesNumberofMegawattsNuclearGeneration>
	<pnm:PublicUtilitiesNumberofRequestedRates contextRef="I2016Q3FB" decimals="INF" id="Fact-D4FD60AF63A623487075E7FF3135AE68" unitRef="service_rate">2</pnm:PublicUtilitiesNumberofRequestedRates>
	<pnm:PublicUtilitiesNumberofadvancedmetersinstalled contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" decimals="0" id="Fact-2114BB29428CC7896595E7FF31552727" unitRef="advanced_meter">242000</pnm:PublicUtilitiesNumberofadvancedmetersinstalled>
	<pnm:PublicUtilitiesNumberofannualinstallmentpayments contextRef="I2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember" decimals="INF" id="Fact-3C021653965490922585E7FF2F814A8B" unitRef="payment">13</pnm:PublicUtilitiesNumberofannualinstallmentpayments>
	<pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-3E7E2B340E3BC5884C57E7FF3135A151" unitRef="lease">3</pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased>
	<pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased contextRef="I2016Q1January31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-2626852861BB378CB11CE7FF313571D5" unitRef="lease">3</pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased>
	<pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" decimals="INF" id="Fact-C8F487128594B2995376E7FF2C463EB5" unitRef="lease">1</pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased>
	<pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" decimals="INF" id="Fact-16D81B7098759824D59AE7FF2C46ECC5" unitRef="lease">2</pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased>
	<pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-EA113A4FC9784E5B9B4DE7FF2C468666" unitRef="lease">3</pnm:PublicUtilitiesNumberofleasesunderwhichassetswerepurchased>
	<pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended contextRef="I2015Q1BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" decimals="INF" id="Fact-68FC5366F5E912AA7BA6E7FF2C466EDF" unitRef="lease">4</pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended>
	<pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" decimals="INF" id="Fact-C2E22FFB919438A9CB7CE7FF31357269" unitRef="lease">4</pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended>
	<pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended contextRef="I2016Q1PVNGSU2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="INF" id="Fact-8D0886344AEBF8765C66E7FF2C46E8A9" unitRef="lease">1</pnm:PublicUtilitiesNumberofleasesunderwhichleasetermwasextended>
	<pnm:PublicUtilitiesNumberofotherowner contextRef="FI2017Q3_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-F325DFAFA85B99CC3EB7E7FF2F90E511" unitRef="joint_owner">8</pnm:PublicUtilitiesNumberofotherowner>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersUnits4And5CoalMember" decimals="INF" id="Fact-AFCDA9CB9AAF0B8598FCE7FF2FAF14C1" unitRef="Number">0.13</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit3Member" decimals="INF" id="Fact-9BD6E3F6620DBB3E27C2E7FF2F818869" unitRef="Number">0.5</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="3" id="Fact-14A3E853F99032F6C9F7E7FF2FA04C60" unitRef="Number">0.385</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="I2013Q4December30_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersUnits12and3CoalMember" decimals="INF" id="Fact-101D16C168B116A513F6E7FF2FAF0D96" unitRef="Number">0</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="3" id="Fact-1FA472B81EB6765B9F58E7FF2FAF91F9" unitRef="Number">0.773</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentage contextRef="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="3" id="Fact-7F6E4E0F2AB8A22AC412E7FF2F811BF9" unitRef="Number">0.663</pnm:PublicUtilitiesOwnershipPercentage>
	<pnm:PublicUtilitiesOwnershipPercentageInNuclearReactor contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_PublicUtilityAxis_us-gaap_NuclearPlantMember" decimals="INF" id="Fact-4029B3FDA801809BADBBE7FF2FA07DE9" unitRef="Number">0.102</pnm:PublicUtilitiesOwnershipPercentageInNuclearReactor>
	<pnm:PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange contextRef="FI2017Q3_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember" decimals="3" id="Fact-F5CCDF19B10105EF59BDE7FF2F816A34" unitRef="Number">0.463</pnm:PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange>
	<pnm:PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase contextRef="D2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" id="Fact-1EC62166C923CF79D998E7FF2FA0BA42">P6M</pnm:PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase>
	<pnm:PublicUtilitiesPlanningPeriodCoveredOfIrp contextRef="D2017Q3July3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-D807B2B17EC6541A565FE7FF31264126">P20Y</pnm:PublicUtilitiesPlanningPeriodCoveredOfIrp>
	<pnm:PublicUtilitiesPlanningPeriodCoveredOfIrp contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_IntegratedResourcePlan2011Member" id="Fact-8DBBE252EB7FF0BE092CE7FF31553BAA">P20Y</pnm:PublicUtilitiesPlanningPeriodCoveredOfIrp>
	<pnm:PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="3" id="Fact-080A57C58E4F88274F2CE7FF2FA08C83" unitRef="LBSofNOxPerMMBTU">0.015</pnm:PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit>
	<pnm:PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="INF" id="Fact-26BE2449B0CC3C5379FEE7FF2F810566" unitRef="Number">0.2</pnm:PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage>
	<pnm:PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts contextRef="I2015Q3SJGSCCN_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="INF" id="Fact-380C33EC619F7C1427A1E7FF2F909B38" unitRef="mw">65</pnm:PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts>
	<pnm:PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum contextRef="I2005Q3July31_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToRegionalHazeMember" decimals="INF" id="Fact-C10FEA8E8550CB70E098E7FF2F901C11" unitRef="t">250</pnm:PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum>
	<pnm:PublicUtilitiesProfitincentiveslidingscalemultiplier contextRef="I2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-4890D0A1E64CDF78BFBDE7FF3145E248" unitRef="Number">0.09</pnm:PublicUtilitiesProfitincentiveslidingscalemultiplier>
	<pnm:PublicUtilitiesProfitincentiveslidingscalemultiplier contextRef="I2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-D03F5DE6DEB47911466EE7FF31268C02" unitRef="Number">0.071</pnm:PublicUtilitiesProfitincentiveslidingscalemultiplier>
	<pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency contextRef="D2016Q2April15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-BE26AE4745DEE555AB6BE7FF314552AC" unitRef="usd">28000000</pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency>
	<pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency contextRef="D2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-FE2E3098E84438E4575BE7FF3135BBE9" unitRef="usd">26000000</pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency>
	<pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency contextRef="D2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-AB1D9B8492D51C7EF977E7FF3155803D" unitRef="usd">25100000</pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency>
	<pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency contextRef="D2017Q2April14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_pnm_TypeOfRegulatoryCostAxis_pnm_DisincentivesIncentivesAdderMember" decimals="-5" id="Fact-693E25D6E717E1E0DF90E7FF31452DEA" unitRef="usd">28200000</pnm:PublicUtilitiesProgramCostsRelatedToEnergyEfficiency>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2016Q4" decimals="-3" id="Fact-B0E876E2F69D541EF7D4E7FF27C3B58A" unitRef="usd">4609596000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C43EEB32D68D48C82BCDE7FF29976987" unitRef="usd">3549683000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D6A24E489BF40FB27C66E7FF2B0E1359" unitRef="usd">951187000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2017Q3" decimals="-3" id="Fact-C6ED2B7568DC4EF979EEE7FF27C3AC1E" unitRef="usd">4701951000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FAF76B3023ACA95999BCE7FF2997009A" unitRef="usd">3582393000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-DEFB1982FC0E08EB577AE7FF2B0E5945" unitRef="usd">984425000</pnm:PublicUtilitiesPropertyPlantAndEquipmentInServiceNet>
	<pnm:PublicUtilitiesProposedGovernmentStandardEmissionLimit contextRef="I2010Q1Optim_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-8B86BBBDDEA1B654941CE7FF2F81E68B" unitRef="parts_per_billion">70</pnm:PublicUtilitiesProposedGovernmentStandardEmissionLimit>
	<pnm:PublicUtilitiesProposedGovernmentStandardEmissionLimit contextRef="I2010Q1Optim_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationAndFourCornersMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-93398942F67581DC5B4CE7FF2FA09EE1" unitRef="parts_per_billion">60</pnm:PublicUtilitiesProposedGovernmentStandardEmissionLimit>
	<pnm:PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue contextRef="D2017Q3July19_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RegulatoryAgencyAxis_pnm_PUCTMember" decimals="-5" id="Fact-72386BCC74AC556E2393E828484DF68A" unitRef="usd">4700000</pnm:PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue>
	<pnm:PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate contextRef="I2013Q3August31_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember_us-gaap_OtherCommitmentsAxis_pnm_ContinuousHighwallMiningMember" decimals="INF" id="Fact-F6E84226B2F8F15A35B1E7FF2F814244" unitRef="Number">0.125</pnm:PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate>
	<pnm:PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate contextRef="D2017Q2May23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-3FCD44A55B51852E42ADE7FF31454698">P3Y</pnm:PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate>
	<pnm:PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate contextRef="D2017Q2May23_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" id="Fact-3B953F738F1BB588E296E7FF325E9037">P3Y</pnm:PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate>
	<pnm:PublicUtilitiesProvideWaterforPeriodofTime contextRef="D2010Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember" id="Fact-798B6FC302358CFDB7EBE7FF2F904C26">P40Y</pnm:PublicUtilitiesProvideWaterforPeriodofTime>
	<pnm:PublicUtilitiesProvideWatertoNumberofCities contextRef="I2010Q2April_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember" decimals="INF" id="Fact-C0CCF513465DBCAB866AE7FF2F905E12" unitRef="city">5</pnm:PublicUtilitiesProvideWatertoNumberofCities>
	<pnm:PublicUtilitiesReasonableCostThreshold contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-1AE5FC06261E9571790FE7FF3135B0BB" unitRef="Number">0.03</pnm:PublicUtilitiesReasonableCostThreshold>
	<pnm:PublicUtilitiesReasonableCostThreshold contextRef="I2017Q1January11_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MaximumMember" decimals="INF" id="Fact-CC9B5E14177531533090E7FF313520BF" unitRef="Number">0.03</pnm:PublicUtilitiesReasonableCostThreshold>
	<pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117 contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="2" id="Fact-9FFAD4E3E2D4CD22EC3EE7FF2FA005EF" unitRef="Number">0.50</pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117>
	<pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117 contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="2" id="Fact-28A44CC0C2921B9F2B30E7FF2F908718" unitRef="Number">0.50</pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117>
	<pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117 contextRef="I2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="INF" id="Fact-BE32910FF6ED1E03F175E7FF2F81BAF9" unitRef="Number">0.5</pnm:PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117>
	<pnm:PublicUtilitiesRegulatoryDisallowancecapitalimprovements contextRef="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" decimals="-5" id="Fact-C746A0D252A734342C28E7FF31553C1A" unitRef="usd">6800000</pnm:PublicUtilitiesRegulatoryDisallowancecapitalimprovements>
	<pnm:PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts contextRef="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_LeaseArrangementTypeAxis_pnm_AlvaradosquareMember" decimals="-5" id="Fact-C56EF3E9C1D35ABF8D58E7FF312652A3" unitRef="usd">4500000</pnm:PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount contextRef="D2017Q1February28_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-5" id="Fact-6C2137A015B538F79244E7FF3155BDD6" unitRef="usd">42700000</pnm:PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount contextRef="D2017Q2June1_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-5" id="Fact-45A9C372F474E74E150FE7FF31645A18" unitRef="usd">43500000</pnm:PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1 contextRef="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_PublicUtilityAxis_pnm_LightningDockGeothermalMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-D1C0A284EE6FCC45E4D5E7FF3155194D" unitRef="gwh">55</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1 contextRef="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-48A87D4123E7E0A6838BE7FF3135EED5" unitRef="gwh">80</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2 contextRef="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_PublicUtilityAxis_pnm_LightningDockGeothermalMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-292F636ABC59C303D17CE7FF3126BF69" unitRef="gwh">77</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2 contextRef="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_PublicUtilityAxis_pnm_NewMexicoWindMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-2FCFCE5CA8BF3ED766D3E7FF31456260" unitRef="gwh">105</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts contextRef="I2017Q2June1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-0F2B39DB64030E8E7A57E7FF3135B401" unitRef="mw">50</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts>
	<pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts contextRef="I2017Q4Oct17_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="INF" id="Fact-43724B288D3CA33EA2094B6B60E0E4AF" unitRef="mw">50</pnm:PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts>
	<pnm:PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActBalancedDraftTechnologyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits1And4Member" decimals="-5" id="Fact-A772E03393493EE4B2B3E7FF314551FA" unitRef="usd">40000000</pnm:PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery>
	<pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount contextRef="D2015Q3August27_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-BFD7617B77C390A4A96AE7FF31267A6B" unitRef="usd">121700000</pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount>
	<pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount contextRef="D2016Q3RD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-1765E44237961D50BB3CE7FF31550059" unitRef="usd">121500000</pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount>
	<pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-B02DFC7E1F8B810C8A89E7FF3155CC0D" unitRef="usd">121500000</pnm:PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount>
	<pnm:PublicUtilitiesRequiredPercentageOfDiversification contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_DistributedGenerationMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-AB042DDDA768EE35274AE7FF31266949" unitRef="Number">0.03</pnm:PublicUtilitiesRequiredPercentageOfDiversification>
	<pnm:PublicUtilitiesRequiredPercentageOfDiversification contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_RenewableTechnologiesMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-6D77223A7E3A3BF8D447E7FF3155CB9F" unitRef="Number">0.05</pnm:PublicUtilitiesRequiredPercentageOfDiversification>
	<pnm:PublicUtilitiesRequiredPercentageOfDiversification contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_SolarEnergyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-C997A21A1F0B9D744FD7E7FF315538CF" unitRef="Number">0.2</pnm:PublicUtilitiesRequiredPercentageOfDiversification>
	<pnm:PublicUtilitiesRequiredPercentageOfDiversification contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DiversificationByTypeAxis_pnm_WindEnergyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember_us-gaap_RangeAxis_us-gaap_MinimumMember" decimals="INF" id="Fact-7CCF9ABE956D9DD8CC70E7FF3135EBF2" unitRef="Number">0.3</pnm:PublicUtilitiesRequiredPercentageOfDiversification>
	<pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2011Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-281899D92847E86BF0CEE7FF3155BF08" unitRef="Number">0.1</pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales>
	<pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2015Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-26FE23A947AC690BCA96E7FF31350654" unitRef="Number">0.15</pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales>
	<pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_DateOfRegulatoryActionAxis_pnm_RequiredPercentageBy2020Member_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-4DB002512978739453D3E7FF31355F0F" unitRef="Number">0.2</pnm:PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales>
	<pnm:PublicUtilitiesReturnonEquityRegulatoryDisallowance contextRef="FI2017Q3_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-6" id="Fact-90AB518ED82E9E20A268E7FF3135B1F3" unitRef="usd">21000000</pnm:PublicUtilitiesReturnonEquityRegulatoryDisallowance>
	<pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" decimals="-5" id="Fact-C95683BCE915D1943D56E7FF3126A004" unitRef="usd">4800000</pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract>
	<pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" decimals="-5" id="Fact-FE71C7C2236D2B6D8384E7FF31458333" unitRef="usd">14800000</pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract>
	<pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" decimals="-5" id="Fact-AED8D9F676E2FCE20845E7FF31264BE5" unitRef="usd">1100000</pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract>
	<pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" decimals="-5" id="Fact-1A90B3346EC775E2E2C1E7FF3155DAEE" unitRef="usd">3300000</pnm:PublicUtilitiesRevenueForPowerSoldUnderSpecificContract>
	<pnm:PublicUtilitiesRevenuefromRenewableenergyrider contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember" decimals="-5" id="Fact-FBE9837568838D0C436FE7FF31556969" unitRef="usd">10700000</pnm:PublicUtilitiesRevenuefromRenewableenergyrider>
	<pnm:PublicUtilitiesRevenuefromRenewableenergyrider contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember" decimals="-5" id="Fact-701632BDCEA27985B27DE7FF3126D23B" unitRef="usd">27300000</pnm:PublicUtilitiesRevenuefromRenewableenergyrider>
	<pnm:PublicUtilitiesRevenuefromRenewableenergyrider contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember" decimals="-5" id="Fact-E9C9776A9AEC1C5EFACDE7FF315556EF" unitRef="usd">11800000</pnm:PublicUtilitiesRevenuefromRenewableenergyrider>
	<pnm:PublicUtilitiesRevenuefromRenewableenergyrider contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewableEnergyRiderMember" decimals="-5" id="Fact-4FDEC3A8D3FAECC1D544E7FF31454DE1" unitRef="usd">32400000</pnm:PublicUtilitiesRevenuefromRenewableenergyrider>
	<pnm:PublicUtilitiesRevisedSO2EmissionsAgreedUpon contextRef="I2015Q2May14_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_NationalAmbientAirQualityStandardsMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_SanJuanGeneratingStationMember" decimals="INF" id="Fact-D1DB62C20E32970E4D42E7FF2F90BE1D" unitRef="lb_PER_MMBTU">0.10</pnm:PublicUtilitiesRevisedSO2EmissionsAgreedUpon>
	<pnm:PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="INF" id="Fact-744C08F12365C5A7C138E7FF2FA0E080" unitRef="Number">0.2</pnm:PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations>
	<pnm:PublicUtilitiesSolargenerationcapacityinMegawatts contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_RenewablePortfolioStandardMember" decimals="INF" id="Fact-A744FD038DF203EE9EDEE7FF3135CD86" unitRef="mw">81.6</pnm:PublicUtilitiesSolargenerationcapacityinMegawatts>
	<pnm:PublicUtilitiesSolargenerationcapacityinMegawatts contextRef="I2016Q3FB_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember" decimals="INF" id="Fact-5BA211529FCF440EB339E7FF3155FB71" unitRef="mw">30</pnm:PublicUtilitiesSolargenerationcapacityinMegawatts>
	<pnm:PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction contextRef="I2016Q3FB_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember" decimals="INF" id="Fact-F2E11B17F64439EA84D2E7FF31269423" unitRef="mw">10</pnm:PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction>
	<pnm:PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV contextRef="D2015Q4BART_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" id="Fact-8AB8B0DE2F03CB198CF2E7FF2F90C2AB">P20Y</pnm:PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV>
	<pnm:PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund contextRef="FI2017Q3" decimals="INF" id="Fact-B0168CFCD8E617AF5233E7FF3145D3F0" unitRef="Number">0.005</pnm:PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund>
	<pnm:PurchasePriceofLeasedAssetPaid contextRef="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" decimals="-5" id="Fact-65CAF7FF9B896C7C5BACE7FF2C469430" unitRef="usd">78100000</pnm:PurchasePriceofLeasedAssetPaid>
	<pnm:PurchasePriceofLeasedAssetPaid contextRef="D2016Q1January15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" decimals="-5" id="Fact-E21664A1A4CD62491EC2E7FF2C4650B2" unitRef="usd">85200000</pnm:PurchasePriceofLeasedAssetPaid>
	<pnm:RatioOfDebtToCapitalMaximum contextRef="FD2017Q3YTD_us-gaap_LongtermDebtTypeAxis_us-gaap_LineOfCreditMember" decimals="INF" id="Fact-641CDD0FFD9B52D928F2E7FF2D9D68BE" unitRef="Number">0.65</pnm:RatioOfDebtToCapitalMaximum>
	<pnm:ReclamationTrustFundingCurrentfiscalyear contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember" decimals="-5" id="Fact-BB0960328C595F1925E4E7FF2F90D233" unitRef="usd">5800000</pnm:ReclamationTrustFundingCurrentfiscalyear>
	<pnm:ReclamationTrustFundingCurrentfiscalyear contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember" decimals="-5" id="Fact-1F63A704FF407DEF2310E7FF2F902817" unitRef="usd">2300000</pnm:ReclamationTrustFundingCurrentfiscalyear>
	<pnm:ReclamationTrustFundingYear2 contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember" decimals="-5" id="Fact-B5E65012A3F0063367CFE7FF2FA0DBCB" unitRef="usd">8300000</pnm:ReclamationTrustFundingYear2>
	<pnm:ReclamationTrustFundingYear2 contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember" decimals="-5" id="Fact-D23FB49A09FE1B614E92E7FF2FAFA842" unitRef="usd">2100000</pnm:ReclamationTrustFundingYear2>
	<pnm:ReclamationTrustFundingYear3 contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember" decimals="-5" id="Fact-E455A4D8CC74B2209DBEE7FF2FAF9D29" unitRef="usd">8700000</pnm:ReclamationTrustFundingYear3>
	<pnm:ReclamationTrustFundingYear3 contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_MineReclamationTrustMember_pnm_JointlyOwnedGeneratingFacilitiesAxis_pnm_FourCornersMember" decimals="-5" id="Fact-DF3DB18923FC0F77FAB8C00B79C05CDE" unitRef="usd">2100000</pnm:ReclamationTrustFundingYear3>
	<pnm:RegulatoryDisallowance contextRef="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-C05C90DD7A713E84F1E7E7FF2F812D58" unitRef="usd">16500000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-A630068DDF9E249C871DE7FF2FAF0CFB" unitRef="usd">127600000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="D2015Q4December31_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_IncreaseincoalminedecommissioningliabilityMember" decimals="-5" id="Fact-2738CC4FEF1F06D3CB28E7FF2F902F4A" unitRef="usd">165700000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2016Q3QTD" decimals="-3" id="Fact-C59286B6732CF33B4471E7FF2718B155" unitRef="usd">16451000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-31DCA1E58B1286C4D72DE7FF289EC69F" unitRef="usd">16451000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2016Q3YTD" decimals="-3" id="Fact-4DC58B0BDCA15F4235FEE7FF27184D9C" unitRef="usd">17225000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-979AF1CB32893854AAD2E7FF288ECDFD" unitRef="usd">17225000</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2017Q3QTD" decimals="-3" id="Fact-F43367C1F3E9CE80B016E7FF27378393" unitRef="usd">0</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E016920717D5025EAFEEE7FF288E7B61" unitRef="usd">0</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2017Q3YTD" decimals="-3" id="Fact-64E798BA597F6D8EF609E7FF2718C79C" unitRef="usd">0</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowance contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0CF733EDD48C9BB46926E7FF289E88AA" unitRef="usd">0</pnm:RegulatoryDisallowance>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnit4Member" decimals="-5" id="Fact-5FDFA0927D18E6657521E7FF2FA00914" unitRef="usd">600000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q1QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-EDDCD9C2528F86B71A0BE7FF2FA0A1DC" unitRef="usd">800000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-F51B1DD278F05E07B90ADF72327F8A18" unitRef="usd">5200000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_IncreaseincoalminedecommissioningliabilityMember" decimals="-5" id="Fact-501FB1DB8BCF98046A84E7FF2F81B348" unitRef="usd">4800000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q4QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-688A33F77D2152E03927DF7302F44856" unitRef="usd">-2300000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActSncrMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-48FD30D066CE5128A126E7FF2F817CEA" unitRef="usd">3700000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RegulatoryDisallowanceAdditionalamountrecorded contextRef="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_IncreaseincoalminedecommissioningliabilityMember" decimals="-5" id="Fact-6E7BC4477CA528C1F97AE7FF2F81AAE2" unitRef="usd">4500000</pnm:RegulatoryDisallowanceAdditionalamountrecorded>
	<pnm:RepaymentsFromTransmissionInterconnectionArrangement contextRef="FD2016Q3YTD" decimals="-3" id="Fact-07F4059DC8C1D9B21C5831806298EBD3" unitRef="usd">2246000</pnm:RepaymentsFromTransmissionInterconnectionArrangement>
	<pnm:RepaymentsFromTransmissionInterconnectionArrangement contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-229A6D767561AFBBE8E250515A296B1B" unitRef="usd">-2246000</pnm:RepaymentsFromTransmissionInterconnectionArrangement>
	<pnm:RepaymentsFromTransmissionInterconnectionArrangement contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DDF57494E5C93E21E5D4318048C8A69B" unitRef="usd">9368000</pnm:RepaymentsFromTransmissionInterconnectionArrangement>
	<pnm:RepaymentsFromTransmissionInterconnectionArrangement contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5574D05B72693567378850515A297BF3" unitRef="usd">-9368000</pnm:RepaymentsFromTransmissionInterconnectionArrangement>
	<pnm:Requirementstobeimplemented contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_GasfiredgenerationfacilityAxis_pnm_ReevesstationMember" decimals="INF" id="Fact-008EDD5BFC9BD9CA4A48E7FF2FA0E2D6" unitRef="requirement">0</pnm:Requirementstobeimplemented>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-AE08EBF7956EB771B001E7FF2C46D315" unitRef="usd">1350000</pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-B5AF8F4234AC36678906E7FF2C46A8B5" unitRef="usd">4504000</pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-41AB17B486CAB7F573BBE7FF2C461399" unitRef="usd">1403000</pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-41EA1D773155B0834BECE7FF2C46E924" unitRef="usd">4428000</pnm:ResultsOfOperationsVariableInterestEntityOperatingExpenses>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-FC6204C886B3EA83E3BCE7FF2C4657A2" unitRef="usd">5356000</pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-D7176F629509B60BD26EE7FF2C46FE5C" unitRef="usd">15541000</pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-BAD429367CE6ACA2B14DE7FF2C4679A4" unitRef="usd">5859000</pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues>
	<pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-46DD873374715422FC2FE7FF2C46BBC2" unitRef="usd">15880000</pnm:ResultsOfOperationsVariableInterestEntityOperatingRevenues>
	<pnm:ReturnOfPrincipalOnPvngsLessorNotes contextRef="FD2016Q3YTD" decimals="-3" id="Fact-C50C655DE3C4DCB76EF6E7FF27854142" unitRef="usd">8547000</pnm:ReturnOfPrincipalOnPvngsLessorNotes>
	<pnm:ReturnOfPrincipalOnPvngsLessorNotes contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A885843F64A767BAB207E7FF2959B55C" unitRef="usd">8547000</pnm:ReturnOfPrincipalOnPvngsLessorNotes>
	<pnm:ReturnOfPrincipalOnPvngsLessorNotes contextRef="FD2017Q3YTD" decimals="-3" id="Fact-BD7FCB31180CCF3408D6E7FF2775B65B" unitRef="usd">0</pnm:ReturnOfPrincipalOnPvngsLessorNotes>
	<pnm:ReturnOfPrincipalOnPvngsLessorNotes contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-73F566E8CAF961E55CC0E7FF29596254" unitRef="usd">0</pnm:ReturnOfPrincipalOnPvngsLessorNotes>
	<pnm:RevisedAnnualFeeNuclearWasteDisposal contextRef="D2014Q2May16_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember" decimals="INF" id="Fact-7AEA0DAF67A5099AA082E7FF2F90254E" unitRef="usd">0</pnm:RevisedAnnualFeeNuclearWasteDisposal>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" decimals="4" id="Fact-43FA13C35CB871A2F145E7FF2D5F690F" unitRef="usdPerShare">0.2200</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" decimals="4" id="Fact-7BE5A625C866A82B055DE7FF2D5FE17D" unitRef="usdPerShare">0.2425</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="INF" id="Fact-5B28E07A024FBA09A5B7E7FF2D5F6FCF" unitRef="shares">163712</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="INF" id="Fact-4B989491B2B83EC2152EE7FF2D5FE242" unitRef="shares">133632</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="INF" id="Fact-40F1475D5CC3CFEE7608E7FF2D5F55F0" unitRef="shares">137036</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" decimals="INF" id="Fact-0EF43DADF1AD673F9EEEE7FF2D5FEA3B" unitRef="shares">0</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue contextRef="FD2016Q3YTD" decimals="-3" id="Fact-657ED9A65F9F9D0EA127E7FF2D4FF46B" unitRef="usd">0</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue contextRef="FD2017Q3YTD" decimals="-3" id="Fact-2FD460C91DB36FE1C1C5E7FF2D4F5518" unitRef="usd">0</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue>
	<pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate contextRef="FD2017Q3YTD_us-gaap_PlanNameAxis_pnm_PerformanceEquityPlanMember" decimals="INF" id="Fact-66E4015B873841FF707FE7FF2D5F5458" unitRef="Number">1.00</pnm:ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate>
	<pnm:SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="INF" id="Fact-F208489EF7AA59CEF4DBE7FF2D8D4269" unitRef="shares">49682</pnm:SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber>
	<pnm:SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="INF" id="Fact-5F4358C9735DF9F9E4D6E7FF2D5F4B5B" unitRef="shares">49682</pnm:SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber>
	<pnm:SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="2" id="Fact-7C7A4B8B45A52FB22C33E7FF2D5FF9E9" unitRef="Number">0.60</pnm:SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets>
	<pnm:SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_PerformanceSharesMember_us-gaap_TitleOfIndividualAxis_us-gaap_ManagementMember" decimals="2" id="Fact-16151DDC996288B69663E7FF2D5F9177" unitRef="Number">0.40</pnm:SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets>
	<pnm:SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock contextRef="I2015Q1January1_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor20152016and2017Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" decimals="INF" id="Fact-9D2D1876C61ECFA9091DE7FF2D5F0893" unitRef="usd">275000</pnm:SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock>
	<pnm:SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock contextRef="I2015Q1January1_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" decimals="INF" id="Fact-D16C6A5115377A77EC7CE7FF2D5FBB98" unitRef="usd">100000</pnm:SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock>
	<pnm:ShortTermDebtDueToRelatedParty contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-DE7F6FC035187E861A6BE7FF2B2DD539" unitRef="usd">4600000</pnm:ShortTermDebtDueToRelatedParty>
	<pnm:ShortTermDebtDueToRelatedParty contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-45E822605704225CA24FE7FF2B2D9729" unitRef="usd">0</pnm:ShortTermDebtDueToRelatedParty>
	<pnm:ShortTermDebtDueToRelatedParty contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_us-gaap_AffiliatedEntityMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-9894C1903277553ACCFFE7FF2D8D7096" unitRef="usd">0</pnm:ShortTermDebtDueToRelatedParty>
	<pnm:ShortTermDebtDueToRelatedParty contextRef="I2017Q4Oct20_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-122F849BACB3DFA2B1504BD37709BDD9" unitRef="usd">0</pnm:ShortTermDebtDueToRelatedParty>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2016Q4" decimals="-3" id="Fact-DBE23CA1002ABEFB45C8E7FF27C3A4D8" unitRef="usd">854758000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E88D86C92704A24BF9AEE7FF2997AEBA" unitRef="usd">485194000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CEEAECB5DE994E6502FDE7FF2B0E3826" unitRef="usd">367752000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2017Q3" decimals="-3" id="Fact-73D9A95B25F49E344649E7FF27C37C59" unitRef="usd">866408000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-7C0249668EF1ED3234A0E7FF29A7140C" unitRef="usd">490720000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalDeferredChargesAndOtherAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0E9D382D1BE0D96C3E0DE7FF2B0EC05A" unitRef="usd">372798000</pnm:TotalDeferredChargesAndOtherAssets>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2016Q4" decimals="-3" id="Fact-A8E63A4A20978817921AE7FF27C3DFE0" unitRef="usd">333568000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-17F5B4F490CDC97217D0E7FF29A752AD" unitRef="usd">273389000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A8F7E4622AAFBCF6292CE7FF2B0E161B" unitRef="usd">2471000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2017Q3" decimals="-3" id="Fact-593B85916249C9BBD15DE7FF27C387B6" unitRef="usd">364192000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4663632808FE67B08A26E7FF29977D10" unitRef="usd">306706000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TotalOtherPropertyAndInvestments contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BF769C12EA9ECCCD52DEE7FF2B0E2F7A" unitRef="usd">2460000</pnm:TotalOtherPropertyAndInvestments>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3QTD" decimals="-3" id="Fact-E7B9B0ECBEB56DBE19ABE7FF27273C8D" unitRef="usd">16056000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6814E1BE8BE028014F91E7FF288E3789" unitRef="usd">9311000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-68BFCB9CED39EE0B4C2CE7FF2AB07BD1" unitRef="usd">6745000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3YTD" decimals="-3" id="Fact-714055E6BBBC1FFD2DABE7FF27276FFC" unitRef="usd">49965000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F50C6A8039515842C04CE7FF289EF192" unitRef="usd">29868000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5EC6EDA2FA0656E66177E7FF2AB05A58" unitRef="usd">20097000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3QTD" decimals="-3" id="Fact-DC90F4F8E072EC4381C4E7FF27274015" unitRef="usd">16801000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CB0657E9BD930C7FCE83E7FF288E5B09" unitRef="usd">10207000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0785BDD1B7542E2A8B3AE7FF2AB02683" unitRef="usd">6594000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A8A813CAACB36556EBD9E7FF27272370" unitRef="usd">50309000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-73D1EE62413088DA87C9E7FF289E653D" unitRef="usd">30301000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionAndDistributionCosts contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-258F3C43BA9EC3A780B0E7FF2AB0F095" unitRef="usd">20008000</pnm:TransmissionAndDistributionCosts>
	<pnm:TransmissionInterconnectionArrangementLiabilities contextRef="FI2016Q4" decimals="-3" id="Fact-1D580AB4B59766E95BB54B9990AC263D" unitRef="usd">522000</pnm:TransmissionInterconnectionArrangementLiabilities>
	<pnm:TransmissionInterconnectionArrangementLiabilities contextRef="FI2017Q3" decimals="-3" id="Fact-0A7AE2A257F17E6585984B9990A96FE8" unitRef="usd">12167000</pnm:TransmissionInterconnectionArrangementLiabilities>
	<us-gaap:AccountsPayableCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-8F2425B7ED1A597138A6E7FF27E3ABE5" unitRef="usd">86705000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-669FE671B4CB85C375A5E7FF2988B9D4" unitRef="usd">55566000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F5AA87A4EF03C3138F3AE7FF2B1D22FB" unitRef="usd">16709000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-A8B09899B97CBD981B5EE7FF27E35A7E" unitRef="usd">89882000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-80280F8DB0D79761844FE7FF2978CC22" unitRef="usd">65088000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-366D43EAAB82D66ACB60E7FF2B2D5555" unitRef="usd">12578000</us-gaap:AccountsPayableCurrent>
	<us-gaap:AccountsPayableRelatedPartiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0584A236C149986F1AA1E7FF2978DD5D" unitRef="usd">23183000</us-gaap:AccountsPayableRelatedPartiesCurrent>
	<us-gaap:AccountsPayableRelatedPartiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-00D0EA1AFE0EC6692433E7FF2B2D2E0A" unitRef="usd">3793000</us-gaap:AccountsPayableRelatedPartiesCurrent>
	<us-gaap:AccountsPayableRelatedPartiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F390F86E112BCFC35E4EE7FF29883638" unitRef="usd">9738000</us-gaap:AccountsPayableRelatedPartiesCurrent>
	<us-gaap:AccountsPayableRelatedPartiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FFCE69BD5340DF589813E7FF2B2D42A8" unitRef="usd">3736000</us-gaap:AccountsPayableRelatedPartiesCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-796E9B23ACC1F731E353E7FF27C372B9" unitRef="usd">87012000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-49773177D95E8E3D27EFE7FF29A7127E" unitRef="usd">65003000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7E37E324D90DD8EA1533E7FF2B0E43F4" unitRef="usd">22009000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-71432396624F49F7777FE7FF27C39354" unitRef="usd">107428000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F2002397FDFCA78A9AF7E7FF2997AEC6" unitRef="usd">79668000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-88D79A6B453BADB78537E7FF2B0EC66D" unitRef="usd">27760000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2015Q4" decimals="-3" id="Fact-016F4BC0125FEFBD4BE3E7FF2C07E6A1" unitRef="usd">-71432000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5BC05B586AF79FDB28D1E7FF2C0793A4" unitRef="usd">-71476000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-B15676D56334B93BD9D1E7FF2C07ADCB" unitRef="usd">-88822000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-59BE0E3C103E092A2F18E7FF2C07B4A9" unitRef="usd">17346000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2015Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-BAC9B761E827E43D0CEDE7FF2C07754F" unitRef="usd">44000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q3" decimals="-3" id="Fact-5D94297818200EF692F7E7FF2C0736E2" unitRef="usd">-73643000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9E991491B4270199A7C8E7FF2C072DB4" unitRef="usd">-73240000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-2C3D1AC5B550FBBDB6F6E7FF2C07902A" unitRef="usd">-86305000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-CAC1B310079FB4E16F17E7FF2C071F99" unitRef="usd">13065000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-51FC7CD01B22E960A2B3E7FF2C07123E" unitRef="usd">-403000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q4" decimals="-3" id="Fact-7ABDD15AFECC42661ECEE7FF27E38998" unitRef="usd">-92451000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B8DC973481EFAFA8F208E7FF298815E3" unitRef="usd">-92428000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-0B87019574DC15B038D5E7FF2BE8F990" unitRef="usd">-96748000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-D9AF2820D4A1787FBCE9E7FF2BE8FC80" unitRef="usd">4320000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-61C5F9C0FCA5D5BFB369E7FF2BE8DB01" unitRef="usd">-23000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2017Q3" decimals="-3" id="Fact-24813E73C5A4EB9FCC2EE7FF27D348C2" unitRef="usd">-82501000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0CFCBD8F58B93BC71CF3E7FF2978C379" unitRef="usd">-82605000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-9F135F693420E7FC8711E7FF2BE83F45" unitRef="usd">-93787000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-20D45E7A60DE263AB2E4E7FF2BE8312C" unitRef="usd">11182000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-ACE024FEE64EE2CDC19CE7FF2BE8522A" unitRef="usd">104000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:AdditionalPaidInCapital contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E76A267F27832C5ACB57E7FF2B2D119F" unitRef="usd">454166000</us-gaap:AdditionalPaidInCapital>
	<us-gaap:AdditionalPaidInCapital contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5C5EF1A7B18B49F03C60E7FF2B1DB545" unitRef="usd">454166000</us-gaap:AdditionalPaidInCapital>
	<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="FD2017Q3YTD" decimals="-3" id="Fact-B38C5696C7AB16CCB97DE7FF2821E401" unitRef="usd">5322000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
	<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-8D3159798C183E89DEC9E7FF28215707" unitRef="usd">5322000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
	<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-6EB0A9BB06735B5A3464E7FF2811782A" unitRef="usd">5322000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
	<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-197E0A3E0A2A7F476BCEE7FF28021C3F" unitRef="usd">1209000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
	<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5F9C9ED3A84E86E3482AE7FF29C6F8AF" unitRef="usd">1209000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
	<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-33C3D528743CFC50496DE7FF27F2F7B1" unitRef="usd">1063000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
	<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E6EA24B0AC167DCCEF91E7FF29C6F4A1" unitRef="usd">1063000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
	<us-gaap:AreaOfLand contextRef="I2015Q3landacres_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_OtherCommitmentsAxis_pnm_NavajoNationAllotteeMattersMember" decimals="2" id="Fact-190F845C14436CE23888E7FF2FA04F18" unitRef="acre">15.49</us-gaap:AreaOfLand>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-251F882C5E400A549BFFE7FF27E34D22" unitRef="usd">127519000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E5EF200D95C6C97472F1E7FF2978B370" unitRef="usd">126601000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-2EA27E34AAEF21B84319E7FF2B2D854D" unitRef="usd">754000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-1E4618399E3692275D94E7FF27E327D7" unitRef="usd">133841000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0159EEDAC30D8D07AA71E7FF2988C694" unitRef="usd">132878000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:AssetRetirementObligationsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-40C36A0590025DF5E365E7FF2B1DD225" unitRef="usd">789000</us-gaap:AssetRetirementObligationsNoncurrent>
	<us-gaap:Assets contextRef="FI2016Q3" decimals="-3" id="Fact-100F2EC42D5A61844804E7FF2B6BAC64" unitRef="usd">6403670000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C09D538DF05263BED9CAE7FF2B6BA596" unitRef="usd">4799012000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C69D1DF732D740412798E7FF2B7BBC4D" unitRef="usd">1366840000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-F7CB8C8E7F10AB2E30EFE7FF2B6BC0E4" unitRef="usd">237818000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q4" decimals="-3" id="Fact-C16580EF375FB18B97E0E7FF27C30F17" unitRef="usd">6471080000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-303A784563C710B5416BE7FF29A7F4AB" unitRef="usd">4867546000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-ACA1A57508A694B2A676E7FF2C46423C" unitRef="usd">69498000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D8B161A63B0C3A159BB8E7FF2B0E0543" unitRef="usd">1383223000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3" decimals="-3" id="Fact-AA07F459B39D41EDAC55E7FF27B4AF27" unitRef="usd">6697254000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A83879C247E8382AC050E7FF29A7C91D" unitRef="usd">5023816000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-025119AB0BA805572BFBE7FF2C465EB0" unitRef="usd">68316000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C2DCC64BFE0861EC5BEBE7FF2B0E8DD2" unitRef="usd">1465219000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-63EB5A7D5797711CBB98E7FF2BB917C3" unitRef="usd">5023816000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-28E21C794779329E7E17E7FF2BB9C55A" unitRef="usd">1465219000</us-gaap:Assets>
	<us-gaap:Assets contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-26FB57CDBCA4F44939D9E7FF2BB9E11B" unitRef="usd">208219000</us-gaap:Assets>
	<us-gaap:AssetsCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-7AF13666FEFF6E7D4435E7FF27C386C6" unitRef="usd">378039000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-72E60904B0D780D86B3BE7FF2997E0CE" unitRef="usd">314245000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-AAA5B337547E0B840A02E7FF2C36F176" unitRef="usd">2551000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4D918DFE638B52C20F6DE7FF2B0E3B0C" unitRef="usd">44835000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-9DED1CAE57E24C38DA2AE7FF27C3394E" unitRef="usd">374535000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A4E1BAFFDAE0C6BF181CE7FF29973D2D" unitRef="usd">331618000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-24D95CED1F26EB32F511E7FF2C46EA2F" unitRef="usd">3498000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9421D705812BD7679992E7FF2B0EB9B1" unitRef="usd">51991000</us-gaap:AssetsCurrent>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EF8F8DD7C799FA786B8DE7FF2C5576E7" unitRef="usd">272977000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-72E84635CF3638A03B2EE7FF2CC313D6" unitRef="usd">196436000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-9E234074C2B7CB9A4D1AE7FF2CB33145" unitRef="usd">47595000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-0C64B0BACE1EF3B229A5E7FF2CB3F796" unitRef="usd">34796000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-0691171EDB84AE169A18E7FF2CB37672" unitRef="usd">27481000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-FEE1DACBF5BFAE161FE0E7FF2CB314F3" unitRef="usd">23683000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-0A7E756265A30BEA485CE7FF2CC32317" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-A81FEAB1D09D4BBB5AEEE7FF2CC3149C" unitRef="usd">23158000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-C1B44AD88402AABD4C60E7FF2CC3E1EC" unitRef="usd">39723000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-E11C470D6CDF602F7F30E7FF2CC3FEA1" unitRef="usd">76541000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-2949DAD80740ECD39AD3E7FF2CC35175" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-9FE848149C3897B76FFAE7FF2CC3BCDD" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-4C1A28E845A6D170549CE7FF2CC3AFF8" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-2CA09ECBC87651168D07E7FF2CC30CEF" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-05B2C59072DBB031B3C1E7FF2CB30662" unitRef="usd">43789000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-E11164E7A1A69271B12EE7FF2CC3450A" unitRef="usd">31513000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-CA39C5CB31E4F8E1B57EE7FF2CC31299" unitRef="usd">1239000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-1CCDEE7FEB14AFFD4689E7FF2CB32DCC" unitRef="usd">272977000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-13E3DE9CDFB0EB4CBAA5E7FF2CC32C53" unitRef="usd">47595000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-1BB0F1263E78AAD698F2E7FF2CC3AB23" unitRef="usd">34796000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MineReclamationTrustMember" decimals="-5" id="Fact-003E8A204BE169D35856E7FF2D20230E" unitRef="usd">19100000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-9D5F83E323516219D12CE7FF2CC39826" unitRef="usd">27481000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_NuclearDecommissioningTrustMember" decimals="-5" id="Fact-D56D4FF1A8FD780C7204E7FF2D203C44" unitRef="usd">253900000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-1ADD18E2217E5808662BE7FF2CC3B591" unitRef="usd">23683000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-1F33BDBFFB964E3BBE36E7FF2CC367E1" unitRef="usd">43789000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-B758734DAEF037847B39E7FF2CC33702" unitRef="usd">54671000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-A41DE1B60C382AC2881DE7FF2CC30DE2" unitRef="usd">40962000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-CFC64F3BFE323AA27FF8E7FF2C55BC2B" unitRef="usd">47595000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-85609ED88B6E6A72AD7DE7FF2C559F64" unitRef="usd">34796000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-3F9BF160DEDC8F87EF4CE7FF2C55C7CE" unitRef="usd">27481000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-D397F2847087FF7200CBE7FF2C55EC4A" unitRef="usd">23683000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-4610888E4749500CCAB6E7FF2C55E2D1" unitRef="usd">43789000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-2E73DB2741DF3C2CB997E7FF2C552631" unitRef="usd">54671000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-56B8A774C957ED592ADCE7FF2C55C20E" unitRef="usd">40962000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0B318380B3EA556DBBD9E7FF2C556B24" unitRef="usd">306444000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-CABA612ABF48469DC78BE7FF2CC31E9D" unitRef="usd">221862000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-587C1EF0A107DE8B4071E7FF2CC321A8" unitRef="usd">73345000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-CD79D4D8B3B4A737432BE7FF2CC34FE0" unitRef="usd">72162000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-1E9584D34B0DB1F0D579E7FF2CC3BF3C" unitRef="usd">39931000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-954B70231F19794292CCE7FF2CB3D85B" unitRef="usd">8151000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-A86A2D931245641ADC05E7FF2CC31910" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-065882D12AFE92C86FC5E7FF2CC35295" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-83A9F7211FCBE0DEC6C5E7FF2CC3970E" unitRef="usd">28273000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-DD7C6C2028727985B375E7FF2CC32FB4" unitRef="usd">84582000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-1B134FDD4EC9D04599D9E7FF2CC3D5BA" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-91A3B590116F49AD2412E7FF2CB3CC3C" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-8A8A9C0C075F693A9F48E7FF2CB39A8F" unitRef="usd">3236000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-39BBE4192D6B41897935E7FF2CC37A95" unitRef="usd">0</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-DF9913C5462B9EFA8088E7FF2CC3806F" unitRef="usd">41131000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-8C17C7E85AB2E7D86266E7FF2CC3EDF7" unitRef="usd">39528000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-2AF02A2E6DE6982DE348E7FF2CB34606" unitRef="usd">687000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-DD1F72E0524CBF7B9A78E7FF2CC39026" unitRef="usd">306444000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-4FBD53A9A9E64139BFB8E7FF2CC3000B" unitRef="usd">73345000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-B7B2B5B4ACAFC61A63BEE7FF2CC37B1E" unitRef="usd">72162000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MineReclamationTrustMember" decimals="-5" id="Fact-3B34EF75658E87737B9EE7FF2D20F945" unitRef="usd">23400000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-2418C7C2F420EA2623B0E7FF2CC3DA0C" unitRef="usd">43167000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_NuclearDecommissioningTrustMember" decimals="-5" id="Fact-1F0DB8A13E51D0A70653E7FF2D20A022" unitRef="usd">283000000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-774B7906E53446338808E7FF2CC32F31" unitRef="usd">8151000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-70D9688EEBF5DB81D0C1E7FF2CC3FA1D" unitRef="usd">41131000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-0A148E42C67A078E4173E7FF2CC32677" unitRef="usd">39528000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-E034A9645FBFC4191BB1E7FF2CB3192B" unitRef="usd">28960000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-079D2E744F4F3BBC1441E7FF2C55FF25" unitRef="usd">73345000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-A6BFE09FE845A589919EE7FF2C55794A" unitRef="usd">72162000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-96C31F6F6D5DC24A7083E7FF2C5531A5" unitRef="usd">43167000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-06862A454144BBBA9091E7FF2C550201" unitRef="usd">8151000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-6291F8036EABC54D9158E7FF2C5542B7" unitRef="usd">41131000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-F8A6DA96DBE6C75E8C7AE7FF2C5565D7" unitRef="usd">39528000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-0E145EF793CCE1585033E7FF2C55B1EF" unitRef="usd">28960000</us-gaap:AvailableForSaleSecurities>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-47301F6582B3AD7EEA8FE7FF2C555534" unitRef="usd">7449000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-79DC637AD7764466B1E3E7FF2C5598BC" unitRef="usd">3032000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-3727D8180BD8A9E9A82BE7FF2C551FF8" unitRef="usd">1135000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-826C8B41E290883A09F3E7FF2C55A684" unitRef="usd">2029000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-942E9BB8F0C8365B8D2DE7FF2C5520E1" unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-91016B5C8748F4935AE0E7FF2C5595D7" unitRef="usd">585000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-6B3CD3ABC20057653496E7FF2C5585E0" unitRef="usd">553000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-33D45F94E87E5E37FEA4E7FF2C557DB3" unitRef="usd">115000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-01C642B906DE0A726F79E7FF2C559579" unitRef="usd">18631000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticGrowthMember" decimals="-3" id="Fact-68BB0C2DE203E3476D61E7FF2C55E76E" unitRef="usd">5775000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_DomesticValueMember" decimals="-3" id="Fact-6AB5C77CD26D9A1BF47CE7FF2C55F5E9" unitRef="usd">5252000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_pnm_MultinationalMember" decimals="-3" id="Fact-30F3830BAE970E3699C6E7FF2C55A672" unitRef="usd">4865000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_CashAndCashEquivalentsMember" decimals="-3" id="Fact-BB3CEEE4F49E9509F9E1E7FF2C5529E4" unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_MunicipalBondsMember" decimals="-3" id="Fact-EE1B4C4F22CB67B0B554E7FF2C5571F1" unitRef="usd">998000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_OtherDebtSecuritiesMember" decimals="-3" id="Fact-236A2E0211C6F9CD20D4E7FF2C55E449" unitRef="usd">1434000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_us-gaap_USTreasuryAndGovernmentMember" decimals="-3" id="Fact-8CCC5AC5C8799A57EE84E7FF2C552E09" unitRef="usd">307000</us-gaap:AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax>
	<us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue contextRef="FI2017Q3" decimals="INF" id="Fact-A24BB6F776006947D8E3E7FF2D30E895" unitRef="usd">0</us-gaap:AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue>
	<us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-5ECBE36F819A494422EAE7FF2D11CD93" unitRef="usd">25456000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue>
	<us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-D25F6F59BA085CC970CBE7FF2D11FAB4" unitRef="usd">22766000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue>
	<us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-8E8DB815FB2EB445BE05E7FF2D1159CC" unitRef="usd">3913000</us-gaap:AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue>
	<us-gaap:AvailableForSaleSecuritiesDebtSecurities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PnmrAndPnmMember" decimals="-3" id="Fact-231E25163802531393E9E7FF2D11D0CD" unitRef="usd">109619000</us-gaap:AvailableForSaleSecuritiesDebtSecurities>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedGains contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CB3E9F49C2473AA764CFE7FF2D11B4CE" unitRef="usd">7026000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedGains contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1C92CE994BA30AD82291E7FF2D11AE86" unitRef="usd">27273000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedGains contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-03CF5A6E61E6AD4228A8E7FF2D113B0A" unitRef="usd">8128000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedGains contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-ACE9023D361776FC7D34E7FF2D11DF56" unitRef="usd">24745000</us-gaap:AvailableForSaleSecuritiesGrossRealizedGains>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4A95DBBDD79032706BC7E7FF2D11B587" unitRef="usd">2565000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0B1BB1212929DD709116E7FF2D113975" unitRef="usd">12913000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-27BBE6686DBBB39E2143E7FF2D11B70D" unitRef="usd">2829000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
	<us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E575FC1D468417DDE816E7FF2D11A247" unitRef="usd">8150000</us-gaap:AvailableForSaleSecuritiesGrossRealizedLosses>
	<us-gaap:AvailableForSaleSecuritiesNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-E5970F9672A42520C323E7FF27C39EA1" unitRef="usd">272977000</us-gaap:AvailableForSaleSecuritiesNoncurrent>
	<us-gaap:AvailableForSaleSecuritiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0B56433B38BDE5A93137E7FF29A76FAF" unitRef="usd">272977000</us-gaap:AvailableForSaleSecuritiesNoncurrent>
	<us-gaap:AvailableForSaleSecuritiesNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-79B33E85E30626D081F1E7FF27C3CEE2" unitRef="usd">306444000</us-gaap:AvailableForSaleSecuritiesNoncurrent>
	<us-gaap:AvailableForSaleSecuritiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-32AF7682441EDD4B83F2E7FF2997F65D" unitRef="usd">306444000</us-gaap:AvailableForSaleSecuritiesNoncurrent>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2015Q4" decimals="-3" id="Fact-643C1F877FCF6A5EA469E7FF27A40AD9" unitRef="usd">46051000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E4F8FF896C5E9721F49BE7FF293AEC8E" unitRef="usd">43138000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2015Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3276DED133052ADBF347E7FF2AEF51F0" unitRef="usd">1000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q3" decimals="-3" id="Fact-552C73AAF1F6DDA18482E7FF2795AD99" unitRef="usd">7681000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AD1FEB0D64457F25E58BE7FF293A5FEB" unitRef="usd">1893000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-35DCB21D69AA03239CC6E7FF2AEF5A08" unitRef="usd">3018000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q4" decimals="-3" id="Fact-8860E2E6C16DA336EF35E7FF27A41EC2" unitRef="usd">4522000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4026CF78C2463145732EE7FF293A1658" unitRef="usd">324000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AB16EA904CD9E8B92036E7FF2AEFC5A1" unitRef="usd">671000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2017Q3" decimals="-3" id="Fact-99B23F1F675D38BD2D9FE7FF27A4535A" unitRef="usd">43149000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BD608728F2599ED92B99E7FF293A128D" unitRef="usd">39370000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3A1DECB5F06990633AD1E7FF2AEF612F" unitRef="usd">2422000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B0649B9D1BEB5461FE5AE7FF27956B6E" unitRef="usd">-38370000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-440DB185BA11B31E8700E7FF293ACF3F" unitRef="usd">-41245000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9642E5A7F7375F6F48BDE7FF2AFE11AB" unitRef="usd">3017000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2017Q3YTD" decimals="-3" id="Fact-237F4A97FDEC156FA2E7E7FF2795FFF5" unitRef="usd">38627000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9F925DB19795671C9D21E7FF293A6D19" unitRef="usd">39046000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6B7AA90E80397091B7FFE7FF2AFE87AB" unitRef="usd">1751000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CommitmentsAndContingencies contextRef="FI2016Q4" id="Fact-FE8D5A86FA4341EAA319E7FF27E3B350" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommitmentsAndContingencies contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-F3FC0370CA297B9C1D9BE7FF297879EA" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommitmentsAndContingencies contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-98587CE3DC50A2E581ACE7FF2B2D4CC4" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommitmentsAndContingencies contextRef="FI2017Q3" id="Fact-0ACCDECD5902E681D8F1E7FF27E32D7D" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommitmentsAndContingencies contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" id="Fact-1B9375433B42EFBE0467E7FF2988BFFB" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommitmentsAndContingencies contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" id="Fact-245A31CF22C95BC247D3E7FF2B2D30BF" unitRef="usd" xsi:nil="true" />
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2016Q3Div" decimals="INF" id="Fact-4F0404EBB62D9BE298E9E7FF2B5CA659" unitRef="usdPerShare">0.22</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2016Q3SeptDiv" decimals="INF" id="Fact-D5F1F90096E7613642B9DF330FFF4A83" unitRef="usdPerShare">0.22</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2017Q3July" decimals="INF" id="Fact-5D6DD2E66CDBDEB3A299E7FF2B5C885B" unitRef="usdPerShare">0.2425</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="D2017Q3Sep" decimals="INF" id="Fact-A41A0A342B37035B16F11248C9337857" unitRef="usdPerShare">0.2425</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="FD2016Q3QTD" decimals="INF" id="Fact-B508EC929951386EEDB3E7FF27277079" unitRef="usdPerShare">0.22</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="FD2016Q3YTD" decimals="INF" id="Fact-C458D292EBB2201BDAFFE7FF27180A47" unitRef="usdPerShare">0.66</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="FD2017Q3QTD" decimals="INF" id="Fact-5A0088097F5ECB988D3FE7FF2727BC1C" unitRef="usdPerShare">0.2425</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockDividendsPerShareDeclared contextRef="FD2017Q3YTD" decimals="INF" id="Fact-155B6BF6AB0A91AED49CE7FF2718CCA3" unitRef="usdPerShare">0.7275</us-gaap:CommonStockDividendsPerShareDeclared>
	<us-gaap:CommonStockNoParValue contextRef="FI2016Q4" decimals="INF" id="Fact-A28239A1E3DBA94DFE1AE7FF2802E2DC" unitRef="usdPerShare">0</us-gaap:CommonStockNoParValue>
	<us-gaap:CommonStockNoParValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-F00BFA5F0979F70E9943E7FF29C651E0" unitRef="usdPerShare">0</us-gaap:CommonStockNoParValue>
	<us-gaap:CommonStockNoParValue contextRef="FI2017Q3" decimals="INF" id="Fact-D09EB5FE34BF50CD605CE7FF27F2D6D1" unitRef="usdPerShare">0</us-gaap:CommonStockNoParValue>
	<us-gaap:CommonStockNoParValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-CC7E3E83544AEFF7B925E7FF29C60556" unitRef="usdPerShare">0</us-gaap:CommonStockNoParValue>
	<us-gaap:CommonStockParOrStatedValuePerShare contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-2E6855B71D16D3CF3C47E7FF2B3DD8A4" unitRef="usdPerShare">10</us-gaap:CommonStockParOrStatedValuePerShare>
	<us-gaap:CommonStockParOrStatedValuePerShare contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-D4A7FBA229C0DDF045C1E7FF2B3DCD41" unitRef="usdPerShare">10</us-gaap:CommonStockParOrStatedValuePerShare>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2016Q4" decimals="INF" id="Fact-750B3B6BAE31BB1824D7E7FF27F2586E" unitRef="shares">120000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-2D801E08FD939E416FB1E7FF29C6CFB3" unitRef="shares">40000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-3F504C4BB0C2B2E79B31E7FF2B3D2E66" unitRef="shares">12000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2017Q3" decimals="INF" id="Fact-1940720FCD2E71D4E576E7FF27F2BF50" unitRef="shares">120000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-886BB38740664FBBBB4AE7FF29C6CC6C" unitRef="shares">40000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-303E0DA9DEB1D6F1856FE7FF2B3D2804" unitRef="shares">12000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesIssued contextRef="FI2016Q4" decimals="INF" id="Fact-7F9DC6646471CE161D3FE7FF2802E171" unitRef="shares">79653624</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-CCAF20A7070971982E0BE7FF29C696F7" unitRef="shares">39117799</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-7646D517F9422AB6AAC0E7FF2B3D1AAC" unitRef="shares">6358</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued contextRef="FI2017Q3" decimals="INF" id="Fact-81D76E82892C7363A93BE7FF27F2C3A7" unitRef="shares">79653624</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-E3D5EA688F3C12E49878E7FF29C65AF0" unitRef="shares">39117799</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-F6C06D415DA0F204CD1AE7FF2B3DAB8E" unitRef="shares">6358</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2016Q4" decimals="INF" id="Fact-F230AD545FBBF7F3E55EE7FF27F2FDA7" unitRef="shares">79653624</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-6547B5899D4752727897E7FF29C650BC" unitRef="shares">39117799</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-51E24378AD6C9334624BE7FF2B3DB7EC" unitRef="shares">6358</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2017Q3" decimals="INF" id="Fact-8D60468CED0F83FDDCA5E7FF27F2D0C8" unitRef="shares">79653624</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-EBE15002F2836F6A80F3E7FF29C6669C" unitRef="shares">39117799</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="INF" id="Fact-5F64CCC96BE23DD1980AE7FF2B3D30DF" unitRef="shares">6358</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockValue contextRef="FI2016Q4" decimals="-3" id="Fact-7974232F952BC1E2EFF3E7FF27E3FD5D" unitRef="usd">1163661000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B8EB78E828607641F6F4E7FF29880425" unitRef="usd">1264918000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-771167D2E5D4F62CA44BE7FF2B2D8D0E" unitRef="usd">64000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue contextRef="FI2017Q3" decimals="-3" id="Fact-C75A34F25FC4C04E9E62E7FF27E3E30B" unitRef="usd">1156906000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AE642C975FE12735C46AE7FF2978DC6C" unitRef="usd">1264918000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-671410B64BC4A63F59C9E7FF2B2D5205" unitRef="usd">64000</us-gaap:CommonStockValue>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-CCE42660553575887F73E7FF27566246" unitRef="usd">55481000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4180A85BD0306F16723CE7FF28ECDE52" unitRef="usd">41655000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B9300B9B547258EC77ADE7FF2756388F" unitRef="usd">89829000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-49870E3F841FD3056C7FE7FF28ECCDB6" unitRef="usd">59541000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-E968FABFFF0459FFA44BE7FF2766541E" unitRef="usd">76833000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-518949CF1F86D2EC3B5BE7FF28EC000E" unitRef="usd">63816000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-857D535DA8324848CDABE7FF2756CE63" unitRef="usd">144106000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8B82695F79F9E587CAE4E7FF28EC9F4F" unitRef="usd">114240000</us-gaap:ComprehensiveIncomeNetOfTax>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-87E0506DBB6B7D2FDB75E7FF27669387" unitRef="usd">4006000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C142A24CD370FEE37B81E7FF28ECA27D" unitRef="usd">4006000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-E9B4746F4145786AAEBBE7FF2756F2C2" unitRef="usd">11037000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0BA897BC3C222F549E6DE7FF28EC7494" unitRef="usd">11037000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-E7EB1006C33FB4510525E7FF2766BCB9" unitRef="usd">4456000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A9FE8FC3F6BD87FCA552E7FF28EC5BA4" unitRef="usd">4456000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-C0F4065EBD55A7FCA0B2E7FF2756B0E0" unitRef="usd">11452000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6D3CD78A15AEB3C1A902E7FF28EC4373" unitRef="usd">11452000</us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-EAE32475057EB69676ADE7FF27563208" unitRef="usd">59619000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-26DE79A9CF71FAA2D8A3E7FF28ECAED0" unitRef="usd">45661000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-1704D5E0D2028DC8D92BE7FF27562F0D" unitRef="usd">101262000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0EC7FB0B5594056CC3D4E7FF28EC9F9E" unitRef="usd">70578000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-9BBFC097B4C2DD110395E7FF275680CB" unitRef="usd">81421000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-496ECDA6B908D5CD902BE7FF28ECF035" unitRef="usd">68272000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DA712B1F8F53AA976176E7FF2766E1E5" unitRef="usd">155954000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-83C6B19C83B1E485A1B9E7FF28EC61E2" unitRef="usd">125692000</us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:ConstructionInProgressGross contextRef="FI2016Q4" decimals="-3" id="Fact-27F0CC84C95EE68DD703E7FF27C3192F" unitRef="usd">208206000</us-gaap:ConstructionInProgressGross>
	<us-gaap:ConstructionInProgressGross contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-41C601A4D2FC5790A6CEE7FF29977A30" unitRef="usd">158122000</us-gaap:ConstructionInProgressGross>
	<us-gaap:ConstructionInProgressGross contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B69320BBA217E889E448E7FF2B0ED730" unitRef="usd">16978000</us-gaap:ConstructionInProgressGross>
	<us-gaap:ConstructionInProgressGross contextRef="FI2017Q3" decimals="-3" id="Fact-23483922EF0A105D576CE7FF27C31507" unitRef="usd">301466000</us-gaap:ConstructionInProgressGross>
	<us-gaap:ConstructionInProgressGross contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-99FEB29552D45E69801EE7FF29974CD6" unitRef="usd">223677000</us-gaap:ConstructionInProgressGross>
	<us-gaap:ConstructionInProgressGross contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E5CB51F3961ACB54E5B9E7FF2B0E95FF" unitRef="usd">53545000</us-gaap:ConstructionInProgressGross>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD" decimals="-3" id="Fact-F95662DBCC68DF3F2E12E7FF2727A44C" unitRef="usd">108766000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-17A2C7BD89CF163B8190E7FF289E5EEB" unitRef="usd">88565000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-39986140CD77552958FDE7FF2AB0F570" unitRef="usd">20201000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C8C6BF94E8021FBFE834E7FF2B6B2903" unitRef="usd">88565000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C31EE151DB81298CF4D8E7FF2B6BD65A" unitRef="usd">20201000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-D4D197F976002966AF3EE7FF2B7B2438" unitRef="usd">0</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD" decimals="-3" id="Fact-640A308A97251527AF8CE7FF272740A5" unitRef="usd">282498000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-71237B05573AB9104EB4E7FF288E587D" unitRef="usd">222376000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A9B50008A7E812375812E7FF2AB08CDB" unitRef="usd">60122000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B1C656D4A12BD730A0FDE7FF2B7BB673" unitRef="usd">222376000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F39046EDD105C6ADB454E7FF2B6BF39B" unitRef="usd">60122000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-6E8A8402FAA7DFEF2C57E7FF2B7B9829" unitRef="usd">0</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD" decimals="-3" id="Fact-49D351EB0CBC55F0CE56E7FF27186035" unitRef="usd">103748000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6449AEE1A605C49D349BE7FF288E6C3E" unitRef="usd">82367000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-76C346B5BFF30BEDDF0EE7FF2AB036BD" unitRef="usd">21381000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2C328B34F89F35BB2F1BE7FF2BB9D81D" unitRef="usd">82367000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9B1C9D407C292FCA5BE0E7FF2BB94449" unitRef="usd">21381000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-C786C5E1C2C053E83F1EE7FF2BB949F6" unitRef="usd">0</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD" decimals="-3" id="Fact-F8606DA219838A21DE4EE7FF27277661" unitRef="usd">310818000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A97696C9A8DDE8EC8077E7FF289E5D5A" unitRef="usd">246635000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D9494B7D2E42C6B13042E7FF2AB0E95B" unitRef="usd">64183000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3DB7EDD7C673FA91F313E7FF2BB9B97D" unitRef="usd">246635000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D5B54942F49D768AEFB1E7FF2BAA6E3D" unitRef="usd">64183000</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfGoodsSoldElectric contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-A01B2FD68FE6FBCCCB49E7FF2BAA3CC3" unitRef="usd">0</us-gaap:CostOfGoodsSoldElectric>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD" decimals="-3" id="Fact-F80291E186D33A9CF377E7FF27189F3C" unitRef="usd">53017000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CD232D0887377597390AE7FF289E92CF" unitRef="usd">33312000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3F215C7FA0814C1B7ABCE7FF2AB0BF4F" unitRef="usd">16354000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C469C10728F0BA94E5E3E7FF2B6B399C" unitRef="usd">33312000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FAE51F4126960747D48AE7FF2B7B0D5C" unitRef="usd">16354000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-954B94BD0D472666251BE7FF2B7B6DE1" unitRef="usd">3351000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD" decimals="-3" id="Fact-516E9C1BDEC0E1E4E068E7FF27277D7D" unitRef="usd">153801000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-00768B4FF9C1296BB146E7FF289E8FA3" unitRef="usd">97778000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EA7E82F70382FB1BBA11E7FF2AB0C592" unitRef="usd">45760000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B7AF1BC51B1B155EF2DFE7FF2B7BF616" unitRef="usd">97778000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FD0BE7EA49FC0ADF5719E7FF2B7BA67C" unitRef="usd">45760000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-F08FAAA2F7AB06ACD55DE7FF2B7B4090" unitRef="usd">10263000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD" decimals="-3" id="Fact-B54A6CC0D328B6E9C00AE7FF2708AF5E" unitRef="usd">58821000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-24B52B5BB88391F3BB93E7FF288EB8E2" unitRef="usd">36764000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7126DC9B5DD916FACC4EE7FF2AB00BD2" unitRef="usd">16424000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F29EC531D8DED96B1F39E7FF2BB92257" unitRef="usd">36764000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EED145D2AFEEBF5760E1E7FF2BAA44B0" unitRef="usd">16424000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-DC5C90BE46E3B3AB3746E7FF2BAA2F2E" unitRef="usd">5633000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD" decimals="-3" id="Fact-8357A3BED0A9D6D0E28DE7FF2718CBDE" unitRef="usd">172829000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-60F634928D62DB9E3F1CE7FF289EA26B" unitRef="usd">109228000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B8F4BC160631207B5CD0E7FF2AB0E273" unitRef="usd">47392000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B1D2502061EAB3A3EAC3E7FF2BAAF506" unitRef="usd">109228000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-29FCF1CE094CD1123174E7FF2BAA330B" unitRef="usd">47392000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CostOfServicesDepreciationAndAmortization contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-A7300A4236490D9B1B2AE7FF2BB94B68" unitRef="usd">16209000</us-gaap:CostOfServicesDepreciationAndAmortization>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4" decimals="-3" id="Fact-B52A87EA6C3EF831EA09E7FF282188C4" unitRef="usd">10382000</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_us-gaap_AccountingStandardsUpdate201609Member_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-5" id="Fact-8BB0D067738ADF80BDE7E7FF2D6E0515" unitRef="usd">10400000</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-C37646E2C8E66660B0E3E7FF2811EEAB" unitRef="usd">0</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-EF88ECDDEED83E48BF41E7FF28119373" unitRef="usd">0</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-A83B949F3027074DBF2EE7FF2821B5F0" unitRef="usd">0</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-192E7E743E561C482F21E7FF2811E7DF" unitRef="usd">10382000</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-3F0980483C67D9961753E7FF2811A67A" unitRef="usd">10382000</us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption>
	<us-gaap:CustomerDepositsCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-9F50DF4CA6012799AD4AE7FF27D381A3" unitRef="usd">11374000</us-gaap:CustomerDepositsCurrent>
	<us-gaap:CustomerDepositsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B7EAC712527FB2B753EDE7FF2978BA7B" unitRef="usd">11374000</us-gaap:CustomerDepositsCurrent>
	<us-gaap:CustomerDepositsCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-131B65527271669D0A34E7FF27E328E5" unitRef="usd">10951000</us-gaap:CustomerDepositsCurrent>
	<us-gaap:CustomerDepositsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-634C6E3DBD7838ABC702E7FF2978BF79" unitRef="usd">10951000</us-gaap:CustomerDepositsCurrent>
	<us-gaap:DebtInstrumentCarryingAmount contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12040Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="-5" id="Fact-EF443601EDEF15BE11CCE7FF2D9D617E" unitRef="usd">37000000</us-gaap:DebtInstrumentCarryingAmount>
	<us-gaap:DebtInstrumentCarryingAmount contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12042Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="-5" id="Fact-A2B206662F2101BE7778E7FF2D9D9EF1" unitRef="usd">20000000</us-gaap:DebtInstrumentCarryingAmount>
	<us-gaap:DebtInstrumentCarryingAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12040Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="-5" id="Fact-11D9CE596F1CFEFE5B1BE7FF2D9DDFA2" unitRef="usd">37000000</us-gaap:DebtInstrumentCarryingAmount>
	<us-gaap:DebtInstrumentCarryingAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12042Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="-5" id="Fact-CAD490D5352CA85EB7CDE7FF2D9DEEC6" unitRef="usd">20000000</us-gaap:DebtInstrumentCarryingAmount>
	<us-gaap:DebtInstrumentCollateralAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_DebtInstrumentAxis_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="INF" id="Fact-05560133EA8629F90E78E7FF2D9D0A6A" unitRef="usd">75000000</us-gaap:DebtInstrumentCollateralAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_pnm_PNM2016TermLoanAgreementMember" decimals="INF" id="Fact-1140878062F6172FC68BE7FF2D9D10E6" unitRef="usd">175000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember" decimals="INF" id="Fact-C5086849DD4115985D1FCE59C066BBFE" unitRef="usd">50000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2016Q4Liq_dei_LegalEntityAxis_pnm_PnmrMember_us-gaap_DebtInstrumentAxis_pnm_Letterorcredit30milJPMorganMember_us-gaap_LongtermDebtTypeAxis_us-gaap_LetterOfCreditMember" decimals="INF" id="Fact-6D55E673B3829FB1D1C4E7FF2D9D0271" unitRef="usd">30300000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q2June14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_DebtInstrumentAxis_pnm_InterestRateof3.22Due2027Member_us-gaap_LongtermDebtTypeAxis_pnm_FirstMortgageBondMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-40FFC5AB3135B54089E4CE6FFA9A2599" unitRef="usd">60000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PNM2017TermLoanAgreementMember_us-gaap_LineOfCreditFacilityAxis_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_us-gaap_LongtermDebtTypeAxis_us-gaap_NotesPayableToBanksMember" decimals="INF" id="Fact-3AB8207B5E3D1BB4C0E3E7FF2D9D8B96" unitRef="usd">200000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-4510C78E945EE542ED1FE7FF2DEBD78A" unitRef="usd">15000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-35FB85DACDE308288BE6E7FF2DEB09BB" unitRef="usd">85000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-B3C9449C08203B900AF7E7FF2DEB4F0B" unitRef="usd">100000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-9C6CC4F65DA76E321B2BE7FF2D9D983B" unitRef="usd">100000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-C37ED4A826849E49DAA8E7FF2DEB4C24" unitRef="usd">55000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-FF41CDF090CF0E3D37ACE7FF2DEBC6AD" unitRef="usd">104000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-CD88FEDADEF9E28521D4E7FF2DEB26B3" unitRef="usd">88000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-F45365BCFA74775A348AE7FF2DEBEC7F" unitRef="usd">38000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-003D08FA46AAA709BE58E7FF2DEBA519" unitRef="usd">45000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-2C31C2C19375028D9E80E7FF2DEBF0B5" unitRef="usd">20000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-93D9B147468E1A806D59E7FF2D9D90D5" unitRef="usd">350000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-AA520E6B687BC1939AE8E7FF2DEB5E45" unitRef="usd">350000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-66FD26222596089D6CD1E7FF2D9DA9A0" unitRef="usd">450000000.0</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentFaceAmount contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-2695CF28EF9150BD1CBCE7FF2DEB11F9" unitRef="usd">450000000</us-gaap:DebtInstrumentFaceAmount>
	<us-gaap:DebtInstrumentInterestRateEffectivePercentage contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016TwoYearTermLoanMember" decimals="INF" id="Fact-A172EDB1F9424F1BB68F502DB7E3083D" unitRef="Number">0.0219</us-gaap:DebtInstrumentInterestRateEffectivePercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember_us-gaap_VariableRateAxis_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="INF" id="Fact-FB48026C285DBA87E09DE84E91229838" unitRef="Number">0.0406</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12040Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="INF" id="Fact-D0899A864853C06DEEB7E7FF2D9D61A1" unitRef="Number">0.02125</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_PollutionControlRevenueBondsdueJune12042Member_us-gaap_LongtermDebtTypeAxis_pnm_PollutionControlRevenueBondsMember" decimals="INF" id="Fact-C23F46810FCA17D97739E7FF2D9D907E" unitRef="Number">0.0245</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="INF" id="Fact-05F8909FEA5B4DC89098E7FF2D9DE34C" unitRef="Number">0.075</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="INF" id="Fact-B5FF6DBA2371EBCD08C2E7FF2D9D7EFD" unitRef="Number">0.0795</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q2June14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_DebtInstrumentAxis_pnm_InterestRateof3.22Due2027Member_us-gaap_LongtermDebtTypeAxis_pnm_FirstMortgageBondMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioPlanMember" decimals="INF" id="Fact-1B7AEBE4A380D8B10900CE701CFA461F" unitRef="Number">0.0322</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-A781BDF110EACDC7D158E7FF2DEBCCCD" unitRef="Number">0.0378</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-1369534F7730039F539AE7FF2DEB1B9A" unitRef="Number">0.046</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-01D88B4341404C95FA0EE7FF2DEBCD08" unitRef="Number">0.0315</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-E7856C54486108DC7C32E7FF2DEBB4F4" unitRef="Number">0.0345</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-DECC9B0AD494F6083289E7FF2DEB3B75" unitRef="Number">0.0368</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-C14B2ED8995D7A2E137CE7FF2DEBCA0B" unitRef="Number">0.0393</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-8C244789CAB99351299FE7FF2DEBA934" unitRef="Number">0.0422</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentInterestRateStatedPercentage contextRef="I2017Q3July28_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_us-gaap_LongtermDebtTypeAxis_pnm_SeniorUnsecuredNotesMember" decimals="INF" id="Fact-99DF14A2EBC6B8470B68E7FF2DEB08BE" unitRef="Number">0.045</us-gaap:DebtInstrumentInterestRateStatedPercentage>
	<us-gaap:DebtInstrumentTerm contextRef="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember" id="Fact-F85F89ABE51D44EA4494CE7F57F5C4BC">P1Y</us-gaap:DebtInstrumentTerm>
	<us-gaap:DebtInstrumentTerm contextRef="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_PNMR2016TwoYearTermLoanMember" id="Fact-9B7245054493BF277363502DF55A059B">P2Y</us-gaap:DebtInstrumentTerm>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2016Q3YTD" decimals="-3" id="Fact-7324E88224E6AF247ECCE7FF2785F1EB" unitRef="usd">50302000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C32D46DF29497B70D3D4E7FF2959DD86" unitRef="usd">33175000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C4FD7E1884DF538129D5E7FF2AEFB0D7" unitRef="usd">-739000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2017Q3YTD" decimals="-3" id="Fact-49B0FDB69F6DB609DF99E7FF2785F257" unitRef="usd">75224000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E7E7C35F32CC83A9AC9EE7FF29591578" unitRef="usd">59866000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-27469B251390C97F0738E7FF2AFEBFB1" unitRef="usd">8578000</us-gaap:DeferredIncomeTaxExpenseBenefit>
	<us-gaap:DeferredIncomeTaxLiabilitiesNet contextRef="FI2016Q4_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_us-gaap_AccountingStandardsUpdate201609Member" decimals="-5" id="Fact-CAEFCD99100AE5AEFC6DE7FF2D8D3879" unitRef="usd">-10400000</us-gaap:DeferredIncomeTaxLiabilitiesNet>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-6B16D4852158A1B564A3E7FF27E34EE7" unitRef="usd">940650000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B0FAE48EA436BD125E58E7FF2988291D" unitRef="usd">748666000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6331B7A20039756EE042E7FF2B2DD7A4" unitRef="usd">245785000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-B4CAD5DB79767C39311CE7FF27D3C68D" unitRef="usd">1015967000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F334154A05531406C3EFE7FF2988F054" unitRef="usd">810995000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5F4793873B996F0773B9E7FF2B2D629A" unitRef="usd">254525000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-22BCC5BEAE20A6E3787AE7FF2ED5DBC5" unitRef="usd">-64000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-81DAA1273E85D25B9461E7FF2ED58483" unitRef="usd">-286000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-4416277893A4FFDBE426E7FF2ED5F677" unitRef="usd">-3455000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-9952AA16BC0AF5F0A579E7FF2E3973E0" unitRef="usd">-1000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-20CFD82C9EE69E3D58B8E7FF2E396777" unitRef="usd">10000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-C1664237FE8FB4640E9FE7FF2E391D3E" unitRef="usd">-175000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-42D50173168A14821915E7FF2EE59B18" unitRef="usd">-192000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-5E50945C736BE2AEB3E1E7FF2EC5B04C" unitRef="usd">-858000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-E970FACBC7823559F865E7FF2ED5DD9A" unitRef="usd">-10365000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A1EEC97031AD18D2BBCAE7FF2E394D11" unitRef="usd">-1000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-2BAEEB83702E80716FA8E7FF2E39D331" unitRef="usd">30000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-EB65F009FB1888607C37E7FF2E39F610" unitRef="usd">-525000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-F9A98106CA7DB030578CE7FF2ED5EB55" unitRef="usd">-78000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-651527CDCC2CF0F65437E7FF2EE51867" unitRef="usd">-921000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-5AAD1CAA0286F30FF108E7FF2ED5A4BB" unitRef="usd">-4001000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-BD2A106B306DB6ED9E6CE7FF2E394E9C" unitRef="usd">-2000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-D23F6940628056EA0FC8E7FF2E39E379" unitRef="usd">20000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-DF489301A4A55CE4CC83E7FF2E3931DB" unitRef="usd">-231000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-86B0A572AB8ED6B491CBE7FF2EE58EFB" unitRef="usd">-235000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-42469F460F25E2BE2EC0E7FF2ED5415E" unitRef="usd">-2762000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-EBBF982266C947518398E7FF2EC56839" unitRef="usd">-12004000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-1ACF0BF37C2968438075E7FF2E399F68" unitRef="usd">-7000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-E404A24B78431E1F14ABE7FF2E39FA5C" unitRef="usd">60000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-0D1F113C2E2FA255F25DE7FF2E390FEA" unitRef="usd">-692000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-DCA5D19F5C840C2B0FA8E7FF2ED5F01F" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-74354B3C57AEB7556F8EE7FF2ED50F63" unitRef="usd">-7000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A01C9B2580A2EBD14A34E7FF2EE54A72" unitRef="usd">-241000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-535F2CE4CBCA1C8491A8E7FF2E3975CA" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-9E63FA366658D1E62387E7FF2E39875F" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-47C0FA719005FC82A9D0E7FF2E39CA10" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-F801197732C984A18A5CE7FF2ED5252A" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-F7EF7C62F1D307D554D1E7FF2EE57BCB" unitRef="usd">-22000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-00180960DB891676A3C0E7FF2EC548AA" unitRef="usd">-724000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-DC641FB76DBBA499A819E7FF2E397AA8" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-D6070653D3CBD85B5B9FE7FF2E399E31" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-879E05AFE9DE4E684CB3E7FF2E3939D6" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-94F120BB36717FDC997DE7FF2ED56043" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-02E902DB8F432A9B387EE7FF2EE5597D" unitRef="usd">-416000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-013DEDDF51D3E72105ABE7FF2EC575E4" unitRef="usd">-241000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-ED3BC81DAA7D29B492A2E7FF2E39040C" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-468964DC745D8A65CA9CE7FF2E39DC5F" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-9C8882498FE5AB587EEEE7FF2E394A6E" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-24C2EFE7AEDA4900FDB3E7FF2ED588FA" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-CDC012D861DA99AA6875E7FF2EC5EF0C" unitRef="usd">-1248000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-ECC0E52B637A88A696BFE7FF2EE5C86D" unitRef="usd">-724000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-49B9140B528EB8FE7A70E7FF2E3977D2" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-47276D229BC674BF6FACE7FF2E395962" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-D10A5F63B509468D1DA7E7FF2E392606" unitRef="usd">0</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
	<us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-98CD829417D3E39FD722E7FF2E1A5002" unitRef="Number">0.049</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate>
	<us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-B2B4F875F477C3B0A768E7FF2E1A5A5B" unitRef="Number">0.041</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate>
	<us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-AE20EDA7D8566C4DAA53E7FF2E1A63B2" unitRef="Number">0.049</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate>
	<us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MinimumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-F98606F138F7D928091EE7FF2E1A841D" unitRef="Number">0.041</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-C31E0F046960C969D406E7FF2E1AF2A6" unitRef="usd">400000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-5" id="Fact-B090B556D2F44679D897E7FF2E1AB321" unitRef="usd">800000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-CBB7C28BDBAE5A642916E7FF2F52AFEC" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-FB4B78E6C454FB171AC4E7FF2F52562C" unitRef="usd">100000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-D5345C2C9884577E38A1E7FF2F52737A" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-DD068DF288C78CEC2EFAE7FF2F52C399" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-5CD1F9F78D02B44181BDE7FF2E1AB9BA" unitRef="usd">1200000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-5" id="Fact-5B8128969EBBDE29A7F7E7FF2E1A23F6" unitRef="usd">2400000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-812BB244155AD6E197A2E7FF2F611943" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-CF99D55D0ED831EAD720E7FF2F61C801" unitRef="usd">100000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-C1035CCF1EF2C04A0550E7FF2E1A873F" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-EB35D03BC2FF8FC19EFBE7FF2F52C2A3" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-0194D15FE7E92D775C51E7FF2E1A45FE" unitRef="usd">400000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-BF59B6A864505A252691E7FF2F6121DD" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-B2A112E1B7DA45664397E7FF2F61103E" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-76292F14D6F29B1024A5E7FF2F61A2C9" unitRef="usd">100000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-5" id="Fact-E13D98568B41FD0BC098E7FF2E1A677D" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-EF7B8F70B3F9EF8A0830E7FF2F529750" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-82A4ACB57A875220A41EE7FF2E1A54B9" unitRef="usd">1200000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="INF" id="Fact-5879286C1394212206FEE7FF2E1A617D" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-7C4287059AB87E9F1F85E7FF2E1AE390" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-5" id="Fact-84065D81AB68C6E6DF81E7FF2E1A449C" unitRef="usd">100000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-5" id="Fact-20D9BA8E4836E34E23F5E7FF2E1A490B" unitRef="usd">700000</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanContributionsByEmployer contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="INF" id="Fact-BC305056C12A25E34401E7FF2E1A95FA" unitRef="usd">0</us-gaap:DefinedBenefitPlanContributionsByEmployer>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-321BE0B81B130255F8C4E7FF2EE55D55" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-66F56B4C072BA07C0154E7FF2EE5F976" unitRef="usd">1371000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-BB216E70DB1F80B6939DE7FF2ED50EA8" unitRef="usd">8854000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-8847D7F294D223465C57E7FF2E3942E8" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-51631FA26A5DB894B7FEE7FF2E39414E" unitRef="usd">122000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-AED7D150866277EF47CEE7FF2E39E3A0" unitRef="usd">986000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-312D15F08A7FDD4B5090E7FF2EE5332E" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-B7ACC33982CF2281EB8EE7FF2EE5CA00" unitRef="usd">4113000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-61DEBDB656644F6F456FE7FF2ED5FB97" unitRef="usd">26562000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-F0127E70255B57DEB534E7FF2E39336A" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-2898572CEED75DED5940E7FF2E397D01" unitRef="usd">367000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A0A84F2865ED7FB3E36DE7FF2E39B512" unitRef="usd">2957000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-1C4D39AA5454E820575EE7FF2ED568F2" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-BD7C1FD74737BBE1E9A2E7FF2ED5C578" unitRef="usd">1308000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-1FF600000F7A7FCAF8B8E7FF2EE5CCC6" unitRef="usd">8451000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-7803CDDF7BB66B33D510E7FF2E393382" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-F94F516D5B5757DE94D8E7FF2E398303" unitRef="usd">114000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-6040E0370D98D7F150A8E7FF2E393101" unitRef="usd">945000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-6391805F4D3977173052E7FF2EE59D57" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-96FE83D0E1CBB073FB84E7FF2EE5220E" unitRef="usd">3923000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A5DDE425572827CC41D3E7FF2ED52E7E" unitRef="usd">25352000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-B6F740125F547AE1BE5DE7FF2E391F36" unitRef="usd">0</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-6338D7C4F0B4B8C754E1E7FF2E399FA4" unitRef="usd">342000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-C351AAF661EE393B358AE7FF2E3917C5" unitRef="usd">2834000</us-gaap:DefinedBenefitPlanExpectedReturnOnPlanAssets>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-FFA910462DDF8D14BB9AE7FF2EE5F2FD" unitRef="usd">203000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-1879FB92D1E424692DD2E7FF2EE53D35" unitRef="usd">1087000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-8BE5A3EBDEEBFDEF7765E7FF2EE5A7EC" unitRef="usd">7577000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-301CDAAD28BA16F4B432E7FF2E39F546" unitRef="usd">10000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-677B22CDB4B22125336FE7FF2E39C285" unitRef="usd">169000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-C18F7AB57B4A90B4954FE7FF2E39CEF8" unitRef="usd">826000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-905D6796818479498D8FE7FF2EC57210" unitRef="usd">609000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-7E85819A246FAE413881E7FF2ED5719C" unitRef="usd">3260000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-FC2819B7758CF7F7FF7FE7FF2EE507D0" unitRef="usd">22731000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A28070F2CF115FA93753E7FF2E397B02" unitRef="usd">30000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-2317ED2125DC581DB53FE7FF2E39BCE8" unitRef="usd">508000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-98C1D8749681358CC3B6E7FF2E39A977" unitRef="usd">2478000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-7E38DE7EBFF8D447DADFE7FF2EE55012" unitRef="usd">174000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-3F2658BF249545936CE7E7FF2EE530F7" unitRef="usd">1006000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-5D57263ED9E7EC6E1476E7FF2ED5859E" unitRef="usd">6727000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-03EEB6F083F066752FA4E7FF2E3921B3" unitRef="usd">8000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-9C71E3B0E1B57C60C3C8E7FF2E39EA9F" unitRef="usd">139000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A1A8D527412E9419C228E7FF2E39D8BD" unitRef="usd">722000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-767048EE17E86863AEADE7FF2EE59ADD" unitRef="usd">523000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-5B5A114165A70E751D38E7FF2EE50230" unitRef="usd">3019000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-CFE70ECFD2137B1694F9E7FF2EE59AC8" unitRef="usd">20181000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-0EA822E215FD5F1C1D03E7FF2E39CBBE" unitRef="usd">25000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-A68CA7776F696C62E9A6E7FF2E394DDE" unitRef="usd">417000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanInterestCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-D690722090DAA75230D4E7FF2E393722" unitRef="usd">2165000</us-gaap:DefinedBenefitPlanInterestCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-D49396C5AE27194D6B22E7FF2ED56273" unitRef="usd">267000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-4925EC3B2834A7925BF2E7FF2ED5501D" unitRef="usd">30000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-4AABE17DBE26B3D64D58E7FF2ED5AC88" unitRef="usd">1937000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-339B20508DA8A1653F66E7FF2E39CC7B" unitRef="usd">11000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-DAE017954156393ADEFDE7FF2E39F294" unitRef="usd">83000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-9412E4C4346976006F13E7FF2E393B1D" unitRef="usd">15000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-5CC65593C339E4E91C6DE7FF2EC582C7" unitRef="usd">801000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-C6B74F21D59036CE3162E7FF2ED5A587" unitRef="usd">88000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-DECBCF34837A26EC26D2E7FF2ED53AE4" unitRef="usd">5810000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-EAF43452BADCB41A248CE7FF2E39451F" unitRef="usd">31000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-8A6A87E7F8097619C020E7FF2E39F38C" unitRef="usd">250000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-55FB0B36312CF58370E8E7FF2E39389F" unitRef="usd">46000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-499F501F5093F9EF57F5E7FF2ED5D3FD" unitRef="usd">252000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-855F86DCE8205E37D407E7FF2ED5D8BA" unitRef="usd">227000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-71745460A59E44518EF3E7FF2ED524DA" unitRef="usd">2036000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-E5D14E63C881BFF081C6E7FF2E391AF7" unitRef="usd">10000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-2D65854D3172BD461B2BE7FF2E39B635" unitRef="usd">41000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-16B2C223F312DB58C4FCE7FF2E399C45" unitRef="usd">8000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-F9D7C57E9DB836D9A58EE7FF2ED55F56" unitRef="usd">758000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-33624FE36FF03DF00A2EE7FF2ED58435" unitRef="usd">682000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-E1D91D2144EB2CE9FC5BE7FF2EE51C83" unitRef="usd">6109000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-D3D5B29792FDE256FB16E7FF2E39AD6C" unitRef="usd">32000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-66986C33C88B8E7F01B7E7FF2E391F4C" unitRef="usd">122000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-599ADA49FBDFD715F04BE7FF2E3967E4" unitRef="usd">23000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-256E08F90729A820E434E7FF2ED53413" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-6C1FC4C401A60B2E4C4CE7FF2ED59DA5" unitRef="usd">35000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-BC89BBA3F3AB84B001B1E7FF2ED51FFC" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-76D012949893F061C83CE7FF2E395EAD" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-08DA1C7F0695D1C974CDE7FF2E395BEB" unitRef="usd">46000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-3EAE09B5F516F48E284FE7FF2E39EAD5" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-F684C8CC8098A419F632E7FF2ED5A363" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-5F2C30540B07C2846D9CE7FF2ED594CB" unitRef="usd">105000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-A8D40869918ACA543605E7FF2EE55C79" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-D2ED9AA3E99FB5AA42B6E7FF2E39C22C" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-1098DB2040B9D64ADFA5E7FF2E39AC54" unitRef="usd">139000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-8D58E7C7EF133074E45EE7FF2E39D724" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-BB57029DF31C6FEF2241E7FF2ED519B2" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-F303183B27829E9E642EE7FF2ED5A8EC" unitRef="usd">24000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-B50AB6A6677D6DC487FDE7FF2EE59D76" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-DD3FB14B8B5E7E5F3958E7FF2E3905EC" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-33288DBB8C7515219E0CE7FF2E392C26" unitRef="usd">36000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-8BEBEC07465BB884E5C2E7FF2E398BDE" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-ADB9400D3CE8AB5EAA9CE7FF2ED5C161" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-EBD10D64DCE2B88A6C1EE7FF2EC549DF" unitRef="usd">72000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-3F9A2926B0EF71866AC4E7FF2EE54A65" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPensionPlansDefinedBenefitMember" decimals="-3" id="Fact-BE461E3BA599DADD0883E7FF2E392558" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" decimals="-3" id="Fact-5332C35A4366E8890514E7FF2E39A503" unitRef="usd">107000</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DefinedBenefitPlanServiceCost contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RetirementPlanTypeAxis_us-gaap_PensionPlansDefinedBenefitMember" decimals="-3" id="Fact-7C79636AE115D7F0A06EE7FF2E39A0DE" unitRef="usd">0</us-gaap:DefinedBenefitPlanServiceCost>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B7BB8DC729A24115D5C0E7FF27853424" unitRef="usd">178137000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2E45C3822B2AC63083B3E7FF2959EE0C" unitRef="usd">122344000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1B8C8A5CE6A48F9157ABE7FF2AFE8A66" unitRef="usd">47055000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2017Q3YTD" decimals="-3" id="Fact-D8966699A4673AEEEE79E7FF2785E196" unitRef="usd">200286000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B2F378F2B747A6F6F5AAE7FF2959077A" unitRef="usd">134541000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DepreciationDepletionAndAmortization contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-36BAAFB87F2B949E4AF3E7FF2AEF6F56" unitRef="usd">48754000</us-gaap:DepreciationDepletionAndAmortization>
	<us-gaap:DerivativeAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-68A8435A80EDEC613486E7FF2D201F3F" unitRef="usd">500000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-6A0B066EA2182CFF59CFE7FF2CC37EAC" unitRef="usd">0</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-8F2FEF8586DE073A430DE7FF2CB3BE6D" unitRef="usd">5224000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-4098E72C804E756C2FDDE7FF2CC3BAB5" unitRef="usd">5224000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-E2E8C9D7B1A63584B9ECE7FF2CB3BCEB" unitRef="usd">5224000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-478185AA4A766FB5688CE7FF2D3060BC" unitRef="usd">4900000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-B6733C9C83B680390227E7FF2CB37C78" unitRef="usd">0</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-2F2E6C782C0A232AD14AE7FF2CC31426" unitRef="usd">6939000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-F3AAA7029BAC8B5F5AA8E7FF2CB3363C" unitRef="usd">6939000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-65442B695B945F47DA3AE7FF2CB37A2F" unitRef="usd">6939000</us-gaap:DerivativeAssets>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-88F42FEEB45B568ED14CE7FF27B4DA8A" unitRef="usd">5224000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9D6D0EA70714B81FB9CEE7FF29A7269E" unitRef="usd">5224000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-55FD69881AC18DC77991E7FF2D3028A2" unitRef="usd">200000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-22D87AA871BB5A868AD8E7FF2CB3ACDA" unitRef="usd">5224000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember" decimals="-5" id="Fact-51A6CD8BA4B067578005E7FF2D20B4FC" unitRef="usd">2700000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-FBCDC233AD3DFD3DD22DE7FF27C35BE8" unitRef="usd">3093000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-08640147CBC8F0EC738CE7FF29972C20" unitRef="usd">3093000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-81980C63B39B49AF64F4E7FF2D20A40F" unitRef="usd">100000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-475F7FA7D1AF32934F8AE7FF2CB32DD1" unitRef="usd">3093000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember" decimals="-5" id="Fact-2C7B98544A5E92EEACA1E7FF2D205201" unitRef="usd">700000</us-gaap:DerivativeAssetsCurrent>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-B7C6CD71C1E6BDAF9555E7FF2CC35567" unitRef="usd">0</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-B61AD0DAD0A103D9EAA0E7FF2CC3D530" unitRef="usd">2885000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-ADC3694E0BB4E8BB0CEEE7FF2CB31F78" unitRef="usd">2885000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-37A8310F7BE87E54DDDDE7FF2CB326F6" unitRef="usd">2885000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-1D99FF64A1E9BEBF90BCE7FF2CC3F667" unitRef="usd">0</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-78E92A31D40E18360ED3E7FF2CC38E42" unitRef="usd">1814000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-BBB66308F2C6CBAC2D21E7FF2CC3362F" unitRef="usd">1814000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-CA2D9AB1F434E188F2FCE7FF2CB31440" unitRef="usd">1814000</us-gaap:DerivativeAssetsLiabilitiesAtFairValueNet>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-CBCCAC40666A97867876E7FF27C33B82" unitRef="usd">0</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3CDDED0234A8C4FB1F9CE7FF29A723D6" unitRef="usd">0</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-E44EAD23E0BEB83B082DE7FF2CB39E86" unitRef="usd">0</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-7A63AAD4D3C1F3201D99E7FF27B48878" unitRef="usd">3846000</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-957E942C565B314E9734E7FF2997ACAF" unitRef="usd">3846000</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAssetsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-F52D2787E0D6E4A42A28E7FF2CB32FF8" unitRef="usd">3846000</us-gaap:DerivativeAssetsNoncurrent>
	<us-gaap:DerivativeAverageForwardPrice contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationUnit3Member" decimals="0" id="Fact-E8D26BBF7E9953791411E7FF2D20461D" unitRef="USD_PER_MWh">29</us-gaap:DerivativeAverageForwardPrice>
	<us-gaap:DerivativeCollateralRightToReclaimCash contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-8B2EAF23E40457E04B01E7FF2D4F56C1" unitRef="usd">0</us-gaap:DerivativeCollateralRightToReclaimCash>
	<us-gaap:DerivativeCollateralRightToReclaimCash contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-24B33A8238F7EF926B3EE7FF2D2042E2" unitRef="usd">0</us-gaap:DerivativeCollateralRightToReclaimCash>
	<us-gaap:DerivativeFixedInterestRate contextRef="FI2015Q3" decimals="INF" id="Fact-878009E2ED94B4A8E87ECE2F82688350" unitRef="Number">0.01927</us-gaap:DerivativeFixedInterestRate>
	<us-gaap:DerivativeFixedInterestRate contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractOneMember" decimals="INF" id="Fact-DEF5D0492FE148BF28A4CE45753943BC" unitRef="Number">0.01926</us-gaap:DerivativeFixedInterestRate>
	<us-gaap:DerivativeFixedInterestRate contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractThreeMember" decimals="INF" id="Fact-8D3D4CACEBB488B63699CE590426D562" unitRef="Number">0.01629</us-gaap:DerivativeFixedInterestRate>
	<us-gaap:DerivativeFixedInterestRate contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractTwoMember" decimals="INF" id="Fact-3912B3528A56CA6BB8C8CE58CD07F74C" unitRef="Number">0.01823</us-gaap:DerivativeFixedInterestRate>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-5B147C04976A46CDA562E7FF2CA3C66A" unitRef="usd">1651000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember" decimals="-3" id="Fact-29225E439C5B9B488668E7FF2CA37C1D" unitRef="usd">-1000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember" decimals="-3" id="Fact-37AE852CDCBB73070AA1E7FF2CA3AA6C" unitRef="usd">1652000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-1A21905ED882A6C7095BE7FF2CA3AC3D" unitRef="usd">-899000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember" decimals="-3" id="Fact-D5CBB25D7D7DF0860B2EE7FF2CA39A2B" unitRef="usd">-1113000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember" decimals="-3" id="Fact-DC38DDFA33A8D0B5CC4BE7FF2CA327C7" unitRef="usd">214000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-317B9536989EF753B462E7FF2CA3029A" unitRef="usd">-2251000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember" decimals="-3" id="Fact-D12D7A41B9D34F33B2E1E7FF2CA3E7E4" unitRef="usd">-14000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember" decimals="-3" id="Fact-749899106AAAF6729E40E7FF2CA3A6D9" unitRef="usd">-2237000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-43AF834EAF303695C2D6E7FF2CA3D9FE" unitRef="usd">408000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_CostOfSalesMember" decimals="-3" id="Fact-A384CEBEC6AF3B0591C0E7FF2CA33D2B" unitRef="usd">-5289000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeGainLossOnDerivativeNet contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_SalesMember" decimals="-3" id="Fact-39E9753F1848729CB059E7FF2CA3491D" unitRef="usd">5697000</us-gaap:DerivativeGainLossOnDerivativeNet>
	<us-gaap:DerivativeLiabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-2CFD70ECAA83DC3B8932E7FF2D4FA82E" unitRef="usd">500000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-DEA04869A7EC952CF319E7FF2CB377ED" unitRef="usd">0</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-3BD3C7D242ED81DD3526E7FF2CC3F0C0" unitRef="usd">2339000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-2DE98C17B8733DDEF119E7FF2CC3AFA2" unitRef="usd">2339000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-DA13E102E61542D26269E7FF2CB33009" unitRef="usd">2339000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditDerivativesByContractTypeAxis_us-gaap_OtherCreditDerivativesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-DF6A43290799BD09DDCBE7FF2D4F8D10" unitRef="usd">5200000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-3FE7003B294409404192E7FF2CB37F1E" unitRef="usd">0</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-6FCC1D2FDAF9B836996AE7FF2CC3D810" unitRef="usd">5125000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember" decimals="-3" id="Fact-400223A2A0A314BF98B7E7FF2CB36582" unitRef="usd">5125000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-8D2E8DB7627E85B67929E7FF2CB384A6" unitRef="usd">5125000</us-gaap:DerivativeLiabilities>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-FC542001640A4FD80232E7FF27E3FF4C" unitRef="usd">2339000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BECE4DA0DC38E534F97AE7FF29888D21" unitRef="usd">2339000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-A973624C31ADD093307CE7FF2D20E77D" unitRef="usd">100000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-D2F192C7F3B130079D31E7FF2CB340EA" unitRef="usd">2339000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-D4B26E6D78ED66A15600E7FF27E32D71" unitRef="usd">1279000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D00C6E747D406913D711E7FF298822FA" unitRef="usd">1279000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-5" id="Fact-63BE7CED6C91325B2BDBE7FF2D2086A0" unitRef="usd">200000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-F13B0581823CC8E590A3E7FF2CB31294" unitRef="usd">1279000</us-gaap:DerivativeLiabilitiesCurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-05E22324F4BDB6FA8C15E7FF27E38B5F" unitRef="usd">0</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-997A9B7FBDCC6FE9AEDBE7FF2988ADBC" unitRef="usd">0</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-0D85CC9FF3668CC408A9E7FF2CB31827" unitRef="usd">0</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-51045DF1D9544AE4B8D3E7FF27E3AD2E" unitRef="usd">3846000</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-236813747FDBCE35985DE7FF2988741E" unitRef="usd">3846000</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" decimals="-3" id="Fact-57FE005F412D3E58C6FFE7FF2CB33AB9" unitRef="usd">3846000</us-gaap:DerivativeLiabilitiesNoncurrent>
	<us-gaap:DerivativeNetLiabilityPositionAggregateFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-35D4AF7C014E6FEF2285E7FF2D3F4773" unitRef="usd">0</us-gaap:DerivativeNetLiabilityPositionAggregateFairValue>
	<us-gaap:DerivativeNetLiabilityPositionAggregateFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-7F6607B3A07D4C8422C1E7FF2D3FC0E4" unitRef="usd">0</us-gaap:DerivativeNetLiabilityPositionAggregateFairValue>
	<us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure contextRef="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_LongMember" decimals="0" id="Fact-1CF59F6344AB40830E3AE7FF2C948B32" unitRef="mmbtu">254100</us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure>
	<us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure contextRef="FD2016Q4YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_ShortMember" decimals="0" id="Fact-EC44670B6A219939D0EAE7FF2C945CAD" unitRef="mwh">2471600</us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure>
	<us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_LongMember" decimals="0" id="Fact-C7EB70C920EF34EB7950E7FF2C94200B" unitRef="mmbtu">100000</us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure>
	<us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_CommodityContractMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_FairValueHedgingMember_us-gaap_PositionAxis_us-gaap_ShortMember" decimals="0" id="Fact-37B886ED5BFFE68ABB62E7FF2C949B52" unitRef="mwh">630933</us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure>
	<us-gaap:DerivativeNumberOfInstrumentsHeld contextRef="FI2017Q3_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateContractMember" decimals="INF" id="Fact-A0A91446AD4BB6EA02B7CE448FED33EA" unitRef="derivative">3</us-gaap:DerivativeNumberOfInstrumentsHeld>
	<us-gaap:DerivativeVariableInterestRate contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2015TermLoanAgreementMember" decimals="INF" id="Fact-B7CC118347E19863D6A9502D7183E31A" unitRef="Number">0.0214</us-gaap:DerivativeVariableInterestRate>
	<us-gaap:DerivativeVariableInterestRate contextRef="FI2017Q3_us-gaap_LongtermDebtTypeAxis_pnm_PNM2017TermLoanAgreementMember" decimals="INF" id="Fact-CA32C2B04060A7EC380C502E13ED5817" unitRef="Number">0.0197</us-gaap:DerivativeVariableInterestRate>
	<us-gaap:DividendsCommonStockCash contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-CCCCF7D13AF902D4FAABE7FF2B5C4801" unitRef="usd">4100000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-149262815B0647384A6CE7FF2B5CA4C0" unitRef="usd">18000000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD" decimals="-3" id="Fact-96F9A906655A3B7B90A0E7FF28118DFD" unitRef="usd">57948000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-5748BF8CC8841F36E6F8E7FF2B5C7DEE" unitRef="usd">29700000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D14409DC7EBE7307AA9DE7FF2B3DED5E" unitRef="usd">29663000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-9D037813659A2B5086EAE7FF2B3D5F5D" unitRef="usd">29663000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-846EC815D912E9E05B44E7FF28115486" unitRef="usd">57948000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsCommonStockCash contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-AD49B26CE9613F61D753E7FF28115E0D" unitRef="usd">57948000</us-gaap:DividendsCommonStockCash>
	<us-gaap:DividendsPayableCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-36D142101B69F120F8F3E7FF27E354E8" unitRef="usd">19448000</us-gaap:DividendsPayableCurrent>
	<us-gaap:DividendsPayableCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-29C07007F894442CE38AE7FF298895F3" unitRef="usd">132000</us-gaap:DividendsPayableCurrent>
	<us-gaap:DividendsPayableCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-12114AE6F8C435A3E32FE7FF27E3A9EF" unitRef="usd">19448000</us-gaap:DividendsPayableCurrent>
	<us-gaap:DividendsPayableCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AC9F01858FC190A06812E7FF29886790" unitRef="usd">132000</us-gaap:DividendsPayableCurrent>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3QTD" decimals="-3" id="Fact-E74F25E3F6A66C1547A3E7FF27274A8B" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CC055E6930CE86F4C205E7FF289EBC30" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-25AF7E63F96A853FFE88E7FF2B7BD966" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8F279A81900BAA2A3794E7FF2B6B9E63" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-97049979BCDB6E1369EFE7FF2B6BE6EB" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3YTD" decimals="-3" id="Fact-0A85107E8731DCE6CA7DE7FF2718725C" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-706F4F854BDBFB7ADC1AE7FF288ED28F" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-52C85534D87328009B60E7FF2B6B5C9A" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-81E2191C8C6D5B4CA748E7FF2B6B221B" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-0F6530D32BAFC1DB9F84E7FF2B7B3D36" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3QTD" decimals="-3" id="Fact-D5D3D28CCC73F905EBB0E7FF27274AD2" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-763AC20392C1B878550DE7FF288E9B1F" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C062D3AD3F1541D21FBFE7FF2BB9E0BF" unitRef="usd">132000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E58ABB794CF4B2A44162E7FF2BB98418" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-7555117B037738038F70E7FF2BB9DD5A" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3YTD" decimals="-3" id="Fact-4434946463CE71FDB116E7FF2727B1D7" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D5B21891A08997201DD7E7FF288EC628" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-32A998648A1BE1A81FF5E7FF2BB9A87A" unitRef="usd">396000</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3030748799F764181DAAE7FF2BAAC003" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStock contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-08EAEA86E14A625FD8F5E7FF2BB9DE79" unitRef="usd">0</us-gaap:DividendsPreferredStock>
	<us-gaap:DividendsPreferredStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-368CB46090803183D19DE7FF2A626E07" unitRef="usd">396000</us-gaap:DividendsPreferredStockCash>
	<us-gaap:DividendsPreferredStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-CC7E0D3F2DE24199AFCFE7FF2A62D80C" unitRef="usd">0</us-gaap:DividendsPreferredStockCash>
	<us-gaap:DividendsPreferredStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" id="Fact-01F7E4A1994D7B35E0CDE7FF2A622A59" unitRef="usd" xsi:nil="true" />
	<us-gaap:DividendsPreferredStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-4B71E986FAA05ABF310CE7FF2A6288BD" unitRef="usd">396000</us-gaap:DividendsPreferredStockCash>
	<us-gaap:DividendsPreferredStockCash contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-C312FFD9F5B2890FB716E7FF2A62B425" unitRef="usd">396000</us-gaap:DividendsPreferredStockCash>
	<us-gaap:DueFromRelatedPartiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DF6F5E821E8DE91A41B2E7FF29970EDA" unitRef="usd">8886000</us-gaap:DueFromRelatedPartiesCurrent>
	<us-gaap:DueFromRelatedPartiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8F30331DC241ACB85641E7FF29A75348" unitRef="usd">8944000</us-gaap:DueFromRelatedPartiesCurrent>
	<us-gaap:EarningsPerShareBasic contextRef="FD2016Q3QTD" decimals="2" id="Fact-708478DA7FB585410F3FE7FF2B5C8D28" unitRef="usdPerShare">0.68</us-gaap:EarningsPerShareBasic>
	<us-gaap:EarningsPerShareBasic contextRef="FD2016Q3YTD" decimals="2" id="Fact-6983F6A1E164EDC412F0E7FF2B5C471D" unitRef="usdPerShare">1.15</us-gaap:EarningsPerShareBasic>
	<us-gaap:EarningsPerShareBasic contextRef="FD2017Q3QTD" decimals="2" id="Fact-BE8108C4BA29908FEE32E7FF2B5CC627" unitRef="usdPerShare">0.92</us-gaap:EarningsPerShareBasic>
	<us-gaap:EarningsPerShareBasic contextRef="FD2017Q3YTD" decimals="2" id="Fact-B385A138EF7A90604008E7FF2B5C3F69" unitRef="usdPerShare">1.68</us-gaap:EarningsPerShareBasic>
	<us-gaap:EarningsPerShareDiluted contextRef="FD2016Q3QTD" decimals="2" id="Fact-538EB17BBBFBA8847123E7FF2B5CB982" unitRef="usdPerShare">0.68</us-gaap:EarningsPerShareDiluted>
	<us-gaap:EarningsPerShareDiluted contextRef="FD2016Q3YTD" decimals="2" id="Fact-5666C620F9E212365F80E7FF2B5C6F5C" unitRef="usdPerShare">1.15</us-gaap:EarningsPerShareDiluted>
	<us-gaap:EarningsPerShareDiluted contextRef="FD2017Q3QTD" decimals="2" id="Fact-2DAB634F8BBC225E34E1E7FF2B5C12AE" unitRef="usdPerShare">0.92</us-gaap:EarningsPerShareDiluted>
	<us-gaap:EarningsPerShareDiluted contextRef="FD2017Q3YTD" decimals="2" id="Fact-5F8FD8A4897B1CFC9C79E7FF2B5C59D4" unitRef="usdPerShare">1.67</us-gaap:EarningsPerShareDiluted>
	<us-gaap:ElectricProductionExpense contextRef="FD2016Q3QTD" decimals="-3" id="Fact-D5691386E796738DC9E5E7FF2727F504" unitRef="usd">31460000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CDDB616BCDF66E072CFDE7FF288E3F7B" unitRef="usd">31460000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-7338D6D8CE2D9EB1BD1EE7FF2727E541" unitRef="usd">112026000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D33B062D9890B1C0A21BE7FF288EBE28" unitRef="usd">112026000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2017Q3QTD" decimals="-3" id="Fact-C325B902B2ED92B67CF0E7FF271818C4" unitRef="usd">31970000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-63DBB83DED0A6EA6F1CBE7FF288E8E61" unitRef="usd">31970000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-F743EDBB394EB85AC9B1E7FF27277D7E" unitRef="usd">98150000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricProductionExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DB1BEA8B7D98BA94F533E7FF288EC886" unitRef="usd">98150000</us-gaap:ElectricProductionExpense>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD" decimals="-3" id="Fact-045CF2647B4A60DF7713E7FF2727CF1A" unitRef="usd">400374000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5173190FA1E7410CF6F9E7FF288E3DFA" unitRef="usd">311276000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3C0024A2FCA3CA37932BE7FF2AB0E56F" unitRef="usd">89098000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E7E2CC3D5FB84D29E2CCE7FF2B6B22DA" unitRef="usd">311276000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-964FAEFF260492DB8746E7FF2B7B2827" unitRef="usd">89098000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-05D697FEB1920625EAEEE7FF2B7B3D54" unitRef="usd">0</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD" decimals="-3" id="Fact-E123BD7A6A3EB307E12AE7FF2727EC8A" unitRef="usd">1026726000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-22336A139E02982B05F9E7FF288E845A" unitRef="usd">780228000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-847F72017C54FEBDECD1E7FF2AB040C4" unitRef="usd">246498000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AF17810833FF504FF07EE7FF2B6B8C08" unitRef="usd">780228000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-46D26FB5269A0E1C080DE7FF2B6B9B69" unitRef="usd">246498000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-FDA6C9D123E4EDB561E9E7FF2B7BF5DF" unitRef="usd">0</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD" decimals="-3" id="Fact-763CDC31973B60EA59C8E7FF272779E2" unitRef="usd">419900000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-7CF6A299B17E68FDBF6CE7FF288ED0E8" unitRef="usd">327254000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-865D2C4A78A137CE87BDE7FF2AB04912" unitRef="usd">92646000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-19D5255D943DCE01F865E7FF2BB9E3D2" unitRef="usd">327254000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7A575E98A36233057F23E7FF2BB9696C" unitRef="usd">92646000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-AF0150D879690501646FE7FF2BAA68A3" unitRef="usd">0</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD" decimals="-3" id="Fact-21A9D3FB146800FEE71FE7FF27187797" unitRef="usd">1112398000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A66217C307766C52D9BFE7FF288E9FAD" unitRef="usd">854909000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C3D7F68A1D7A5B8AF50EE7FF2AB0503E" unitRef="usd">257489000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9CB3B867C726B1568557E7FF2BB947C6" unitRef="usd">854909000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-653A898FF31B8D883101E7FF2BB98C33" unitRef="usd">257489000</us-gaap:ElectricUtilityRevenue>
	<us-gaap:ElectricUtilityRevenue contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-7795BCE2A61C6FDB1885E7FF2BAA6BC7" unitRef="usd">0</us-gaap:ElectricUtilityRevenue>
	<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="FI2016Q4" decimals="-5" id="Fact-77E4AF27CB8F3691B84BE7FF2D5F7D83" unitRef="usd">4500000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
	<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="FI2017Q3" decimals="-5" id="Fact-0B404F6F190C8D233E39E7FF2D5F95F4" unitRef="usd">4800000</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
	<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 contextRef="FD2016Q4YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" id="Fact-D16D9BB083AC9470DC5FE7FF2D6E0569">P1Y9M26D</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1>
	<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" id="Fact-B8E4AD47029AD0155746E7FF2D6E8220">P2Y</us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1>
	<us-gaap:ExtinguishmentOfDebtAmount contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="-5" id="Fact-547A391212FDB3A81B29E7FF2D9D77F8" unitRef="usd">350000000</us-gaap:ExtinguishmentOfDebtAmount>
	<us-gaap:GainLossOnInvestments contextRef="FD2016Q3QTD" decimals="-3" id="Fact-4D38415B8432DACF381AE7FF27180166" unitRef="usd">4531000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A72D08E9188BD97FE86AE7FF289E426D" unitRef="usd">4531000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2016Q3YTD" decimals="-3" id="Fact-EF8AEF5EC865C619CE34E7FF271838DE" unitRef="usd">15380000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DE3C9114217BA57613D0E7FF289E715A" unitRef="usd">15380000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2017Q3QTD" decimals="-3" id="Fact-46F63F404C08744183C8E7FF27185539" unitRef="usd">5406000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EAA181736D8B1DF885B6E7FF288EA7C2" unitRef="usd">5406000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2017Q3YTD" decimals="-3" id="Fact-CF899A024DD19C6643A7E7FF27379C30" unitRef="usd">17730000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnInvestments contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CF2BCB65558DF91E9CA2E7FF288E30EB" unitRef="usd">17730000</us-gaap:GainLossOnInvestments>
	<us-gaap:GainLossOnSaleOfInvestments contextRef="FD2016Q3YTD" decimals="-3" id="Fact-EF88F6C1027EE9F2E963E7FF277510CC" unitRef="usd">15380000</us-gaap:GainLossOnSaleOfInvestments>
	<us-gaap:GainLossOnSaleOfInvestments contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CCF1DBB0646F19898F41E7FF29595252" unitRef="usd">15380000</us-gaap:GainLossOnSaleOfInvestments>
	<us-gaap:GainLossOnSaleOfInvestments contextRef="FD2017Q3YTD" decimals="-3" id="Fact-209C8C8642569D7DF1ECE7FF277592C9" unitRef="usd">17730000</us-gaap:GainLossOnSaleOfInvestments>
	<us-gaap:GainLossOnSaleOfInvestments contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-416B3ED03F82928104E6E7FF29591CDF" unitRef="usd">17730000</us-gaap:GainLossOnSaleOfInvestments>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3QTD" decimals="-3" id="Fact-E9A0C10E4F02EC0A4B86E7FF2727C58E" unitRef="usd">46942000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-874FDA77ACDD5ACD199AE7FF289E1017" unitRef="usd">41370000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F056D531AF84478F8F47E7FF2AB03292" unitRef="usd">9588000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-473F4DEBD6FAF318B0D2E7FF271869A0" unitRef="usd">139214000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-305757F83AAFB00131C4E7FF288E71DB" unitRef="usd">122553000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-78B4F5F7482DE9D9B7E9E7FF2AB05750" unitRef="usd">29382000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3QTD" decimals="-3" id="Fact-0EA908EB65A7FAF5D1E8E7FF271835F3" unitRef="usd">46268000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1759AF5EDC899153A907E7FF289EBBD7" unitRef="usd">42026000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-2B4745FE2ECB09D725D1E7FF2AB0F44E" unitRef="usd">10765000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-CECDEBE47C8BA252FB04E7FF27186F60" unitRef="usd">138923000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-03FAA16BA97BCC3C5949E7FF289EA217" unitRef="usd">127012000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EFF777010A24D2CB7673E7FF2AB08333" unitRef="usd">30402000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:Goodwill contextRef="FI2016Q3" decimals="-3" id="Fact-085569A6DFB26280475AE7FF2B6B0E1C" unitRef="usd">278297000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C1797BECBF1B00296F6AE7FF2B6BD643" unitRef="usd">51632000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-942A34832F4DAF67E0E9E7FF2B7B32F3" unitRef="usd">226665000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-89704B033A5720DB9E13E7FF2B6BCCAA" unitRef="usd">0</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q4" decimals="-3" id="Fact-AC805875995E9CD9BDADE7FF27B40CD4" unitRef="usd">278297000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B09B355D7F6A50973606E7FF2997EAE4" unitRef="usd">51632000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-21464F8E1A732B1391AFE7FF2B0E6EE6" unitRef="usd">226665000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3" decimals="-3" id="Fact-4323D73B2C1C22D3F043E7FF27C3BA21" unitRef="usd">278297000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D9CD4C2F36A76587B8FFE7FF29977A0D" unitRef="usd">51632000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7EA325A794274AA44961E7FF2B0E3C90" unitRef="usd">226665000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DEA0BA686EB3F1332163E7FF2BB93827" unitRef="usd">51632000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9D0C5DB5F72D66907EF5E7FF2BAA9529" unitRef="usd">226665000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="FI2017Q3_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-6E69B759CB54827211FFE7FF2BB984F2" unitRef="usd">0</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="I2016Q2April1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-067A909457D964723E86E7FF328D835E" unitRef="usd">51600000</us-gaap:Goodwill>
	<us-gaap:Goodwill contextRef="I2016Q2April1_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-7055DB514E5F7907419BE7FF328D407C" unitRef="usd">226700000</us-gaap:Goodwill>
	<us-gaap:GoodwillImpairmentLoss contextRef="D2016Q2April1" decimals="INF" id="Fact-CA1F59DA636E0CE292D5E7FF329C1717" unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
	<us-gaap:GoodwillImpairmentLoss contextRef="D2017Q2April1" decimals="INF" id="Fact-601C28CF2B456CAD7AB4E7FF328D29C1" unitRef="usd">0</us-gaap:GoodwillImpairmentLoss>
	<us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue contextRef="FI2017Q3" decimals="INF" id="Fact-09DDC3EDF95135E3ABEAE7FF2D4F4F17" unitRef="usd">0</us-gaap:HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue>
	<us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue contextRef="FI2017Q3" decimals="-3" id="Fact-E22B2E72676B5A0C5FF6E7FF2D11E7D5" unitRef="usd">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue>
	<us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue contextRef="FI2017Q3" decimals="-3" id="Fact-46B9914ED910134136C1E7FF2D11B938" unitRef="usd">76353000</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue>
	<us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue contextRef="FI2017Q3" decimals="-3" id="Fact-07C6739BF8FB002E026DE7FF2D11258D" unitRef="usd">0</us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue>
	<us-gaap:HeldToMaturitySecuritiesFairValue contextRef="FI2017Q3" decimals="-3" id="Fact-50FEDF1B1D873009C0A3E7FF2D11474B" unitRef="usd">76353000</us-gaap:HeldToMaturitySecuritiesFairValue>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-BC86CBF8C04A929F3205E7FF272747B3" unitRef="usd">85859000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EA8D34E53F69BFA0AA10E7FF288EA469" unitRef="usd">64333000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A89DC784855FDEF497AEE7FF2AB0CA32" unitRef="usd">21906000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8068655318F2D7597DCAE7FF2B7B23B4" unitRef="usd">64333000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-760F25763BC7F4043F52E7FF2B7BE5CE" unitRef="usd">21906000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-AC3904BE4CEFC1F9BF20E7FF2B7B3AA0" unitRef="usd">-380000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-2F2EA88D2859C37B8194E7FF27180A12" unitRef="usd">153567000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-91080E86FA8A9D28D42DE7FF289E005C" unitRef="usd">104473000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AF50E2E218D60BBECEF6E7FF2AB0347D" unitRef="usd">50277000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A4C0F2C77A20C66C3018E7FF2B7BFD06" unitRef="usd">104473000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B3EC13D57AE58E023AD4E7FF2B6BD370" unitRef="usd">50277000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-2E44552E8CFA65FFACD9E7FF2B7BECFF" unitRef="usd">-1183000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-4F1DF3EF166852A00344E7FF2708A55A" unitRef="usd">121070000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-13F669FECA91CBCF000BE7FF288ED0AF" unitRef="usd">100925000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7D13AA403E20A83E7F75E7FF2AB06AEE" unitRef="usd">22998000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-35491F2ABDB8B6CA9E1DE7FF2BB940A5" unitRef="usd">100925000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BBB4551EC0889539B227E7FF2BB91D48" unitRef="usd">22998000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-9F4CF8D6090D026CEB6EE7FF2BAAD6E7" unitRef="usd">-2853000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-924DB0ACA83A463948FCE7FF27278A90" unitRef="usd">221158000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2EECCA8F5679A322FE36E7FF289ECE53" unitRef="usd">174734000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1F2BF262FD3234F3BC4CE7FF2AB033C2" unitRef="usd">53499000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-801AC23550EC87077C20E7FF2BB91818" unitRef="usd">174734000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-17B0C025BB0DA480F8B3E7FF2BB9590F" unitRef="usd">53499000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-C77ECA1028E75C00C9AFE7FF2BAAE364" unitRef="usd">-7075000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="FD2016Q3QTD" decimals="2" id="Fact-B6D5BDA9B6B12A07200EE7FF2727B309" unitRef="usdPerShare">0.68</us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="FD2016Q3YTD" decimals="2" id="Fact-54BBEB104F751C35BC0FE7FF2727B778" unitRef="usdPerShare">1.15</us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="FD2017Q3QTD" decimals="2" id="Fact-FC2BC3921CF79BC09AD6E7FF2727680F" unitRef="usdPerShare">0.92</us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="FD2017Q3YTD" decimals="2" id="Fact-E07BC2D497FF6436AAC9E7FF2737C69C" unitRef="usdPerShare">1.68</us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="FD2016Q3QTD" decimals="2" id="Fact-994D67397136A9384A54E7FF27182AB1" unitRef="usdPerShare">0.68</us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="FD2016Q3YTD" decimals="2" id="Fact-69ED48D73AF11C9E3B12E7FF273757DA" unitRef="usdPerShare">1.15</us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="FD2017Q3QTD" decimals="2" id="Fact-4A541E0F48486021D8CCE7FF2718960B" unitRef="usdPerShare">0.92</us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
	<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="FD2017Q3YTD" decimals="2" id="Fact-769A0C8D0F5E94A7E7CDE7FF27188E2D" unitRef="usdPerShare">1.67</us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
	<us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority contextRef="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-C4CA5C137E61A534974FE7FF326D39A7" unitRef="usd">-3500000</us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority>
	<us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority contextRef="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_pnm_PNMSegmentMember" decimals="-5" id="Fact-B44195ABA207CED1237FE7FF325EAFB4" unitRef="usd">-2600000</us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority>
	<us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority contextRef="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-8E36927DD3D7F888389EE7FF326D837A" unitRef="usd">300000</us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority>
	<us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority contextRef="FI2016Q2_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-5" id="Fact-B1735DC0018F2157A4D4E7FF325EB6C4" unitRef="usd">-600000</us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD" decimals="-3" id="Fact-932849C119B382463017E7FF2727709C" unitRef="usd">27303000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6E73D1EF618DD8B3482DE7FF288E96DD" unitRef="usd">19343000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-169D10A72E96D446FA4FE7FF2AB0D1AF" unitRef="usd">8053000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DD4F93536C24B0F3D9B7E7FF2B6B4AC0" unitRef="usd">19343000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-ACE2249185A4BCCB6759E7FF2B6BB00D" unitRef="usd">8053000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-430677CD4B706A0EAF73E7FF2B7BBED9" unitRef="usd">-93000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD" decimals="-3" id="Fact-BAB58F278CB61188A3B2E7FF270866C4" unitRef="usd">50094000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4722733A7DBEC37E5D1BE7FF289EDC45" unitRef="usd">32131000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A0CC879E91A798260C6EE7FF2AB08F0F" unitRef="usd">18460000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-510E9F505C26537BCF07E7FF2B7B764B" unitRef="usd">32131000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D253B1D5B33C6D5F36BBE7FF2B6BF6B0" unitRef="usd">18460000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-B37CB3D8E521BE66C5A7E7FF2B6BACD3" unitRef="usd">-497000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD" decimals="-3" id="Fact-44F5105F1F35CDCAB3EEE7FF2727AA38" unitRef="usd">42743000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2C30F1020FE4846FA368E7FF288EF38C" unitRef="usd">35642000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E94EA37D9899FB699980E7FF2AB0D5E6" unitRef="usd">8271000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C805C25CCB7269CD7F09E7FF2BB92D85" unitRef="usd">35642000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E765134214E719FA8E28E7FF2BB959C8" unitRef="usd">8271000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-2E47FC078B00B92BC86EE7FF2BB90C9F" unitRef="usd">-1170000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E45DB13748C07F6BAFB9E7FF27273630" unitRef="usd">75154000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F1F35F9625547FA17F0FE7FF288E9C8E" unitRef="usd">58865000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-552E309AEE0463636EFDE7FF2AB01231" unitRef="usd">18964000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6BF225BE57F30E03A433E7FF2BB94B8A" unitRef="usd">58865000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D5F47913189739715F91E7FF2BB94D66" unitRef="usd">18964000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-D381133F49AB4BA7D664E7FF2BB9420D" unitRef="usd">-2675000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2016Q3YTD" decimals="-3" id="Fact-29B27496AAE5B093409BE7FF2795022A" unitRef="usd">850000</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B860B7EDA432B3E9EB99E7FF293A0A3A" unitRef="usd">0</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8289E754E82B8146A9AAE7FF2AFE3AEF" unitRef="usd">850000</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2017Q3YTD" decimals="-3" id="Fact-82A1D427F9C112A4DE20E7FF27A42946" unitRef="usd">625000</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-010C55AF92205A492655E7FF293AE7A9" unitRef="usd">0</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesPaidNet contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0DECBCE2BD9B162ED7C2E7FF2AFEB33E" unitRef="usd">750000</us-gaap:IncomeTaxesPaidNet>
	<us-gaap:IncomeTaxesReceivable contextRef="FI2016Q4" decimals="-3" id="Fact-26550C2CA190E89431CEE7FF27B4F31F" unitRef="usd">6066000</us-gaap:IncomeTaxesReceivable>
	<us-gaap:IncomeTaxesReceivable contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C27FD30E5699574517F6E7FF29974332" unitRef="usd">25807000</us-gaap:IncomeTaxesReceivable>
	<us-gaap:IncomeTaxesReceivable contextRef="FI2017Q3" decimals="-3" id="Fact-E90D1F0EE0F17617C731E7FF27C3AA0C" unitRef="usd">6761000</us-gaap:IncomeTaxesReceivable>
	<us-gaap:IncomeTaxesReceivable contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-76E1DD6E6D3F3B8A21E4E7FF2997DC58" unitRef="usd">26808000</us-gaap:IncomeTaxesReceivable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2016Q3YTD" decimals="-3" id="Fact-DAE98F8D30C827EE6AFAE7FF2785CCB2" unitRef="usd">6192000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D673705697D84640D9A4E7FF295981EB" unitRef="usd">6819000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EB0B77FE7A06EDD434DCE7FF2AEFE9A2" unitRef="usd">-6758000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2017Q3YTD" decimals="-3" id="Fact-EAF449E98BB69C5481A6E7FF2785028A" unitRef="usd">3729000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-23FD88CCC26573CBA9B2E7FF2959B2FF" unitRef="usd">123000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-815E361B3F8F7311BD33E7FF2AEFDC38" unitRef="usd">669000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A8A69ED7C5DE2C91A55D132084EE9AB6" unitRef="usd">3058000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FF10CDA1EC16181BE06B132D477D5627" unitRef="usd">2654000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5406602C6030E81D21CD132F81232198" unitRef="usd">405000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2017Q3YTD" decimals="-3" id="Fact-FEFD7683BB869FEE8D8D1320803211C8" unitRef="usd">6217000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A9E46DFF74C5901F885B132D45AD264C" unitRef="usd">5908000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B6946D2E83FDCDE6E53D132F7DF8291C" unitRef="usd">309000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
	<us-gaap:IncreaseDecreaseInInterestAndDividendsReceivable contextRef="FD2016Q3QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-1ED12C2EDBDA0461DF24E7FF326DF01F" unitRef="usd">-2100000</us-gaap:IncreaseDecreaseInInterestAndDividendsReceivable>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2016Q3YTD" decimals="-3" id="Fact-F88BDA87062B32438841E7FF27858252" unitRef="usd">4629000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-7F893CE1AD441EEC93F2E7FF2959EB9A" unitRef="usd">7731000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C2386F68AE3E289152DDE7FF2AEF757A" unitRef="usd">-3102000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2017Q3YTD" decimals="-3" id="Fact-76D5DABE1C7FB6D52878E7FF27752058" unitRef="usd">203000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-90211FFE0A1368E78675E7FF2959ED51" unitRef="usd">-1385000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-84E2FF2842B31DE995BCE7FF2AFE4C6D" unitRef="usd">1588000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2016Q3YTD" decimals="-3" id="Fact-F89D9AC2F135B6C33475E7FF2775998F" unitRef="usd">11819000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BF88FABAC897E8117FE7E7FF29596ECE" unitRef="usd">4005000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D9346CFC05CF01AD7983E7FF2AEF82F1" unitRef="usd">3570000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2017Q3YTD" decimals="-3" id="Fact-B81D0FD7449195B10A53E7FF2785EE1E" unitRef="usd">-22761000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C451A1558EF4DD1589E0E7FF29595941" unitRef="usd">-24488000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C3325B79A3E52E65AD3EE7FF2AEF22A2" unitRef="usd">1674000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-CCDD76BA1FD982028D28E7FF278567A2" unitRef="usd">-19431000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0BD9EEEC819D2B540D3FE7FF29590B94" unitRef="usd">-18908000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FFCA36609C6CD62760DFE7FF2AFE535F" unitRef="usd">-363000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-5DF4005C495EE73159C2E7FF2785F29B" unitRef="usd">-1588000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-494142A703F70B693FF3E7FF295998B1" unitRef="usd">-17988000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherCurrentLiabilities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-54C461EE61BE276C4A38E7FF2AEF4DBA" unitRef="usd">945000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2016Q3YTD" decimals="-3" id="Fact-00F39BF86F5EC973D741E7FF2785FF74" unitRef="usd">-1916000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EE40123EBBB835F6F124E7FF29596A47" unitRef="usd">-10117000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C92E9A7C219F7279325BE7FF2AEF9F3D" unitRef="usd">8415000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A1EB212A5F2D7FC55F55E7FF2785B10C" unitRef="usd">5981000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9677537FFCBA503E646CE7FF2959E1F4" unitRef="usd">-6925000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A25E742CF3AFCF6C7D44E7FF2AEF6AD6" unitRef="usd">13799000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-044555F9F5D9130DB684E7FF27857DBE" unitRef="usd">-10297000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C5B416361D7C85B9BBD1E7FF2959E354" unitRef="usd">-13401000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1F849C090838B368BBFFE7FF2AFE2F9D" unitRef="usd">399000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-5F59C18FF7B149BC7FBFE7FF278563AB" unitRef="usd">-6292000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E123A623FEBB23EF3D2DE7FF29594394" unitRef="usd">-8792000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncreaseDecreaseInOtherOperatingLiabilities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FB8BFC43C31B4FF91062E7FF2AEFCEA9" unitRef="usd">1633000</us-gaap:IncreaseDecreaseInOtherOperatingLiabilities>
	<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="FD2016Q3QTD" decimals="-3" id="Fact-FB1F5011D3E13641BFFEE7FF2B5C2206" unitRef="shares">367000</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
	<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="FD2016Q3YTD" decimals="-3" id="Fact-57CA57D75876360C9188E7FF2B5CCAB9" unitRef="shares">377000</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
	<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="FD2017Q3QTD" decimals="-3" id="Fact-FA04FDE757A73B1D85C3E7FF2B5C8BBF" unitRef="shares">216000</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
	<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="FD2017Q3YTD" decimals="-3" id="Fact-4C2C371619E1BA5AF85EE7FF2B5CC971" unitRef="shares">263000</us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD" decimals="-3" id="Fact-F549197DD0640B3D2F68E7FF27086A6F" unitRef="usd">32467000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B6B7AA5ABB8E19AA04A6E7FF288E7A69" unitRef="usd">22213000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E1809149A2E64335B880E7FF2AB05C1C" unitRef="usd">7308000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0E46726D7E48F3E29926E7FF2B7BCBC8" unitRef="usd">22213000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F73972CB6FA337784BEAE7FF2B6B55E7" unitRef="usd">7308000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-7A4EEF907B4D27C1CDAAE7FF2B6BB380" unitRef="usd">2946000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-609F9429267A7AAC3B77E7FF27086DE6" unitRef="usd">97179000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-89B0E3CF3BAE88E647ACE7FF288EE1A3" unitRef="usd">66494000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-460935AF3FE3A09B6FCEE7FF2AB0D5D8" unitRef="usd">22150000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-76BDB0DE65EF7F73983EE7FF2B7BE802" unitRef="usd">66494000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-461368CD228699D401DEE7FF2B7B2C72" unitRef="usd">22150000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-5CFBD3A513154D03490FE7FF2B6BD29F" unitRef="usd">8535000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD" decimals="-3" id="Fact-F7403D20E918838A6DAFE7FF27272682" unitRef="usd">32106000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-65261D803040F691CDF2E7FF288E24D0" unitRef="usd">20451000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7BD14AD22560501A08BDE7FF2AB089D9" unitRef="usd">7704000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-266AC00BF428EBE705EEE7FF2BB981E8" unitRef="usd">20451000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-12932EA8B2E98358A426E7FF2BAABC2E" unitRef="usd">7704000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-CEC5D80F8F279DEFD0AFE7FF2BAA422A" unitRef="usd">3951000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-BBDD1E2B8A3B3433FE57E7FF27271EF3" unitRef="usd">96137000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9AC40D88E0CC6DF25D38E7FF289EC5EE" unitRef="usd">62393000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-018644EC54CE1D2FACBDE7FF2AB0A15C" unitRef="usd">22619000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9B351B7A18773C405816E7FF2BAA5210" unitRef="usd">62393000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-DCB1ACCC2B1618A031C2E7FF2BAAAB39" unitRef="usd">22619000</us-gaap:InterestExpense>
	<us-gaap:InterestExpense contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-24E2D29E62A5936FB311E7FF2BB9B376" unitRef="usd">11125000</us-gaap:InterestExpense>
	<us-gaap:InterestExpenseOther contextRef="FD2016Q3QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-45453168DE2EF99B49FEE7FF325E878E" unitRef="usd">700000</us-gaap:InterestExpenseOther>
	<us-gaap:InterestIncomeOther contextRef="FD2016Q3QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-3C3BB504A7667837B05DE7FF325EF844" unitRef="usd">5100000</us-gaap:InterestIncomeOther>
	<us-gaap:InterestReceivable contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-2EF851C12C3A57C82508E7FF2C276DAB" unitRef="usd">1200000</us-gaap:InterestReceivable>
	<us-gaap:InventoryNet contextRef="FI2016Q4" decimals="-3" id="Fact-0DB46AFD5902486469A8E7FF27C30DF8" unitRef="usd">73027000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9AA27068B4F7E35461A5E7FF29A7A4B5" unitRef="usd">64401000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D2A2FA9EE6F1D7FA13A1E7FF2B0E5206" unitRef="usd">8626000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet contextRef="FI2017Q3" decimals="-3" id="Fact-04024E07F68CEE9C2F72E7FF27B4BF9C" unitRef="usd">68179000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6B36332027818305AB17E7FF2997FF5C" unitRef="usd">63016000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0F317BB29F41BC40260BE7FF2B0E04C2" unitRef="usd">5163000</us-gaap:InventoryNet>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-9845F607B65B1220B15DE7FF2727E3E1" unitRef="usd">4604000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E0399271653367159334E7FF288E2202" unitRef="usd">1509000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5BE261EA1030C27E482AE7FF2B7B63B9" unitRef="usd">1509000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C0C2BF314524E609463AE7FF2B7B53A8" unitRef="usd">0</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-42360D946124EC58D83CE7FF2B7BDE0F" unitRef="usd">3095000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-01BA6CF376078112F231E7FF2718545B" unitRef="usd">18420000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-99E3ABA9B2DF9B6471E4E7FF288EFEFF" unitRef="usd">8549000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8E61CFFFF209A5EBBD79E7FF2B6BF69A" unitRef="usd">8549000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A3B42797F45868818F62E7FF2B7BCDA9" unitRef="usd">0</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-53B3D2A34F006DB6427AE7FF2B6B9161" unitRef="usd">9871000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-7163D8757FEE17A78DF9E7FF2718E273" unitRef="usd">3582000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BD5DFCAE9A6280E90BE1E7FF289EC4AA" unitRef="usd">1782000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E206E86880F5068A26E1E7FF2BB9DCBC" unitRef="usd">1782000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-618346A29771FCB9952CE7FF2BAA082F" unitRef="usd">0</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-5988D8C2FB4E10FCB73DE7FF2BB917F3" unitRef="usd">1800000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-12493FAE6F5F8252E270E7FF27182F3E" unitRef="usd">12348000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9E3334C7AFABF075035EE7FF289E3B53" unitRef="usd">6457000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F358649AB9155E15FA0FE7FF2BB9F1E0" unitRef="usd">6457000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EB29A524220CF4D7EDEDE7FF2BB99D59" unitRef="usd">0</us-gaap:InvestmentIncomeInterest>
	<us-gaap:InvestmentIncomeInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-1CF20CBC0B5362D1A2D8E7FF2BB99A83" unitRef="usd">5891000</us-gaap:InvestmentIncomeInterest>
	<us-gaap:LettersOfCreditOutstandingAmount contextRef="FI2017Q3" decimals="-5" id="Fact-6842D2617E6189A7F13DE7FF2D9DEE1B" unitRef="usd">6400000</us-gaap:LettersOfCreditOutstandingAmount>
	<us-gaap:LettersOfCreditOutstandingAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-4ACA1AE4F53B66F66FC2E7FF2D9D5718" unitRef="usd">2500000</us-gaap:LettersOfCreditOutstandingAmount>
	<us-gaap:LettersOfCreditOutstandingAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-9C4232C20413CF6CD35EE7FF2D9D06DE" unitRef="usd">100000</us-gaap:LettersOfCreditOutstandingAmount>
	<us-gaap:Liabilities contextRef="FI2016Q4" decimals="-3" id="Fact-046F11C9816625349A17E7FF27D33F02" unitRef="usd">4714679000</us-gaap:Liabilities>
	<us-gaap:Liabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1E93E54B57086249A783E7FF29883531" unitRef="usd">3389225000</us-gaap:Liabilities>
	<us-gaap:Liabilities contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BC1F24CD01F08AFA22D2E7FF2B1D586B" unitRef="usd">789988000</us-gaap:Liabilities>
	<us-gaap:Liabilities contextRef="FI2017Q3" decimals="-3" id="Fact-F1428ACA416C0BDDC0F9E7FF27E338FA" unitRef="usd">4852579000</us-gaap:Liabilities>
	<us-gaap:Liabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C656F101F05BB164FA96E7FF2988FD0A" unitRef="usd">3433162000</us-gaap:Liabilities>
	<us-gaap:Liabilities contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9C79D0A15A55F17C0D26E7FF2B2DA31F" unitRef="usd">867112000</us-gaap:Liabilities>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2016Q4" decimals="-3" id="Fact-91AFE3D22B835141EC40E7FF27D36D59" unitRef="usd">6471080000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A6A24C31FF2A8887E20AE7FF29885AB1" unitRef="usd">4867546000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-01F4019D683B40780229E7FF2B2D9282" unitRef="usd">1383223000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2017Q3" decimals="-3" id="Fact-B848C0AAA2C0190B9343E7FF27D33EF6" unitRef="usd">6697254000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-86F7D3D1EBD01BC72E13E7FF2988C394" unitRef="usd">5023816000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E70936D155338E57B935E7FF2B2DDA49" unitRef="usd">1465219000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-5EC2B98DAAD872F6D378E7FF27E3B14D" unitRef="usd">805108000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EC2DA33C0BCDD5CBE9A6E7FF2988091B" unitRef="usd">457361000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-F465BC29A151DE2F170DE7FF2C360B2C" unitRef="usd">578000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B551A5B773DCAAB23F27E7FF2B2D7C3D" unitRef="usd">72909000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-573AC4C33B0EDA9C0550E7FF27E371A0" unitRef="usd">710885000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6BC1C703B700F9722ED9E7FF2988F954" unitRef="usd">191066000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-34A94F1496708CB3A961E7FF2C463C5C" unitRef="usd">907000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4554855F1D025C55BCA0E7FF2B2DEE76" unitRef="usd">78673000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-F27659964DF680EC7674E7FF27E3ECB2" unitRef="usd">1790207000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-38097BFD46F1B77A3FFCE7FF29886E27" unitRef="usd">1532375000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-990A2BAC66929DA25A4EE7FF2B2DDFB0" unitRef="usd">296204000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-2FF5E55396612AB3F32BE7FF27E30B11" unitRef="usd">1859304000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2026A761345D8F801E0CE7FF2988F6A0" unitRef="usd">1584700000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F61D726884F6DDC4942AE7FF2B1D898A" unitRef="usd">307850000</us-gaap:LiabilitiesOtherThanLongtermDebtNoncurrent>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="INF" id="Fact-7B3C2BDD342CC2926AB6E7FF2D9D9F42" unitRef="usd">400000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="INF" id="Fact-4E3E37D318F5562FEF19E7FF2D9D2C9B" unitRef="usd">75000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="FI2017Q3_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="INF" id="Fact-3DEFF5B4725932CB37E5E7FF2D9D248D" unitRef="usd">300000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="I2016Q4November_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditFacilityAxis_pnm_PNMRevolvingCreditFacilityMember" decimals="INF" id="Fact-58E1841E0EF8FF9BD654E7FF2D9D43F1" unitRef="usd">40000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="I2016Q4November_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember" decimals="INF" id="Fact-994B71FEDF183D8CC7B8E7FF2D8D7B88" unitRef="usd">10000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="I2020Q4November1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_CreditFacilityAxis_pnm_PNMRevolvingCreditFacilityMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="INF" id="Fact-511E25C723EDA82C8B06E7FF2D9D40E0" unitRef="usd">360000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="I2020Q4November1_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember_us-gaap_StatementScenarioAxis_us-gaap_ScenarioForecastMember" decimals="INF" id="Fact-1F6813A361FCE9830646E7FF2D9DFB7B" unitRef="usd">290000000.0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-A762D935C9291138806AE7FF2D9DAEA8" unitRef="usd">50000000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-AE4C8F81A4D46034A8E6E7FF2D9DC08C" unitRef="usd">397500000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-7340801C27A1CA327647E7FF2D9D740D" unitRef="usd">69000000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="I2017Q4Oct20_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-5859FCCFA6435CF05EF6E7FF2D9DBA0D" unitRef="usd">118500000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
	<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="I2017Q4Oct20_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-B4E887CB53917A2B4C86E7FF2D9D1FFA" unitRef="usd">635000000</us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>
	<us-gaap:LoansAndLeasesReceivableCommitmentsVariableRates contextRef="D2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-8EDCFFCF5A011952C7A5E7FF2C27D4BF" unitRef="usd">125000000.0</us-gaap:LoansAndLeasesReceivableCommitmentsVariableRates>
	<us-gaap:LoansAndLeasesReceivableGrossCarryingAmount contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-02BF0F42D9305B644709E7FF2C276073" unitRef="usd">66200000</us-gaap:LoansAndLeasesReceivableGrossCarryingAmount>
	<us-gaap:LoansAndLeasesReceivableGrossCarryingAmount contextRef="I2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-7B03781875E8DE9ADEAFE7FF2C27C64B" unitRef="usd">125000000</us-gaap:LoansAndLeasesReceivableGrossCarryingAmount>
	<us-gaap:LoansReceivableBasisSpreadOnVariableRate contextRef="I2016Q1January31_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-FFB8681078C9CD2197D9E7FF2FAFB567" unitRef="Number">0.0725</us-gaap:LoansReceivableBasisSpreadOnVariableRate>
	<us-gaap:LoansReceivableBasisSpreadOnVariableRate contextRef="I2017Q1February1_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="INF" id="Fact-73B7438ADE6948E2A99BE7FF2F90B645" unitRef="Number">0.0925</us-gaap:LoansReceivableBasisSpreadOnVariableRate>
	<us-gaap:LongTermDebt contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember" decimals="-5" id="Fact-8F3B7FEA95AC227E11E1E7FF2D9DCADA" unitRef="usd">60900000</us-gaap:LongTermDebt>
	<us-gaap:LongTermDebt contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016TwoYearTermLoanMember" decimals="INF" id="Fact-99D75AA525F61C80F10B502DD7E954D9" unitRef="usd">100000000.0</us-gaap:LongTermDebt>
	<us-gaap:LongTermDebt contextRef="I2015Q1PNMR_us-gaap_LongtermDebtTypeAxis_pnm_PNMR2015TermLoanAgreementMember" decimals="INF" id="Fact-97E3985D498E38A3AFC8502D93D39D59" unitRef="usd">150000000.0</us-gaap:LongTermDebt>
	<us-gaap:LongTermDebt contextRef="I2016Q1BTMU_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember" decimals="INF" id="Fact-917B9F24C240BC05F792E7FF2D9DF9FD" unitRef="usd">125000000.0</us-gaap:LongTermDebt>
	<us-gaap:LongTermDebtCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-79840DDB94BFD4F1367AE7FF27D36692" unitRef="usd">273348000</us-gaap:LongTermDebtCurrent>
	<us-gaap:LongTermDebtCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-514479639D814352B95DE7FF29780BE3" unitRef="usd">231880000</us-gaap:LongTermDebtCurrent>
	<us-gaap:LongTermDebtCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-AA9E47DB31A40A28E64EE7FF27E37965" unitRef="usd">165312000</us-gaap:LongTermDebtCurrent>
	<us-gaap:LongTermDebtCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A0A65824ADBEF7561866E7FF2988CE4C" unitRef="usd">0</us-gaap:LongTermDebtCurrent>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4" decimals="-3" id="Fact-BBA8074737F82DAB7D4AE7FF2C75D45D" unitRef="usd">2540693000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2256B064B692B9F4BF41E7FF2C7501F7" unitRef="usd">1730157000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-717BAB650B40254651C9E7FF2C653F37" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-8E95E0673E8BA24BB27AE7FF2C758CDD" unitRef="usd">1730157000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-BC869435A98F999E61BCE7FF2C75E469" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-94F0F0677B472A40D1AEE7FF2C75A7EC" unitRef="usd">1631369000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-0FDDC714EF375630045BE7FF2C750AF8" unitRef="usd">468329000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-7F7D615D13A6E5D6FAFBE7FF2C753472" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-7BB4C95B9CF902A60EF2E7FF2C75A599" unitRef="usd">468329000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-98568519FFEBB657B73DE7FF2C7570E8" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-EEBE0096926F74DCD679E7FF2C758539" unitRef="usd">420875000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-9F9F31BB659AF3499BCFE7FF2C6599F5" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-F51244869155F2033896E7FF2C7526E4" unitRef="usd">2540693000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-47103761E250D6D09BABE7FF2C750848" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2016Q4_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-69EEF95F77DF0D77B169E7FF2C75CFF8" unitRef="usd">2392712000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3" decimals="-3" id="Fact-8256D44ED06AAA827D89E7FF2C755C00" unitRef="usd">2564887000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B3501F3494C1B89B857AE7FF2C75E859" unitRef="usd">1736026000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-BB1842D48471DD036F39E7FF2C75E198" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-5AA50707F772CA617CC2E7FF2C657D1D" unitRef="usd">1736026000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-4A16BF83FE181381CEEBE7FF2C759CAD" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-3A523E9091530D73CB72E7FF2C7576E1" unitRef="usd">1657396000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1B164B278FC80F659B86E7FF2C65E5F4" unitRef="usd">517977000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-F9F3C3DCF9C6408E2817E7FF2C757A7F" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-D71BF8504118D08E7FF3E7FF2C65278B" unitRef="usd">517977000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-E270FC31443DC668A0ACE7FF2C6589F2" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-EF8D50C9A5527662BC37E7FF2C7579CA" unitRef="usd">480589000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-B31724FF7CA14889C543E7FF2C75C960" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-7F060F71E82FF7876303E7FF2C755360" unitRef="usd">2564887000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-C4563739808B419F35A4E7FF2C651A8D" unitRef="usd">0</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtFairValue contextRef="FI2017Q3_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-76E17545D9BA9D041BCAE7FF2C6567A1" unitRef="usd">2447702000</us-gaap:LongTermDebtFairValue>
	<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths contextRef="FI2017Q3" decimals="-5" id="Fact-69E5955F1AC0B0C54DDEE7FF2D9DD934" unitRef="usd">265700000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths>
	<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_NMCapitalMember_us-gaap_LongtermDebtTypeAxis_pnm_BTMUTermLoanAgreementMember" decimals="-5" id="Fact-55012E427907BBDE82F3E7FF2D9DBC18" unitRef="usd">15700000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths>
	<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember" decimals="-5" id="Fact-57D331796E8C21475E94E7FF2D9D318F" unitRef="usd">50000000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths>
	<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo contextRef="FI2017Q3" decimals="-5" id="Fact-3A0FDE27E02B58323B68E7FF2D9D2D7A" unitRef="usd">102300000</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo>
	<us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="0" id="Fact-84CE655B58993595549EE7FF2D9D3F43" unitRef="usd">0</us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-A6967959D5240095DD1BE7FF27E37081" unitRef="usd">2119364000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-495D2FA064971DEAD272E7FF2978C092" unitRef="usd">1399489000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-750DB14A7FD44C4DA119E7FF2B2DCD94" unitRef="usd">420875000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-E2B9C6DA9DAE499D3334E7FF27E3C58C" unitRef="usd">2282390000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1724C8601B0606692DCBE7FF298821BC" unitRef="usd">1657396000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LongTermDebtNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-42A1FFA367242EC198F7E7FF2B2DBC35" unitRef="usd">480589000</us-gaap:LongTermDebtNoncurrent>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-626B87D16B56EE8B5D54E7FF2F816791" unitRef="usd">41000000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-DEA32F0BD5B046D935BAE7FF2F9012A1" unitRef="usd">14000000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_FinancialStatementLocationAxis_pnm_OtherDeferredCreditsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember" decimals="-5" id="Fact-69DF14F751D0D533F9F1E7FF2FA05E90" unitRef="usd">12100000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-B41F79A10EF5EBEA9D7BE7FF2FA0F371" unitRef="usd">41400000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-0B6D68D8268AA8EC5EC4E7FF2F815A71" unitRef="usd">14700000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyAccrualAtCarryingValue contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_FinancialStatementLocationAxis_pnm_OtherDeferredCreditsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember" decimals="-5" id="Fact-E8DEA404D0E73FC8293AE7FF2FAF6C59" unitRef="usd">12100000</us-gaap:LossContingencyAccrualAtCarryingValue>
	<us-gaap:LossContingencyEstimateOfPossibleLoss contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-882C600D30876282B1BBE7FF2F90368B" unitRef="usd">100900000</us-gaap:LossContingencyEstimateOfPossibleLoss>
	<us-gaap:LossContingencyEstimateOfPossibleLoss contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_UndergroundMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_LossOnLongTermPurchaseCommitmentMember" decimals="-5" id="Fact-A6FAFA5D98685085868FE7FF2FA0577B" unitRef="usd">127400000</us-gaap:LossContingencyEstimateOfPossibleLoss>
	<us-gaap:LossContingencyEstimateOfPossibleLoss contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_pnm_CleanAirActRelatedToPostCombustionControlsMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="-5" id="Fact-699A644B8961CCD05CC9E7FF2FA02332" unitRef="usd">89200000</us-gaap:LossContingencyEstimateOfPossibleLoss>
	<us-gaap:LossContingencyEstimateOfPossibleLoss contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-C6962821F0144231E356E7FF3126393C" unitRef="usd">153400000</us-gaap:LossContingencyEstimateOfPossibleLoss>
	<us-gaap:LossContingencyEstimateOfPossibleLoss contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_PaloVerdeNuclearGeneratingStationMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_pnm_NuclearSpentFuelAndWasteDisposalMember" decimals="-5" id="Fact-6C279FE0C0782AF2A288E7FF2FAF410B" unitRef="usd">57700000</us-gaap:LossContingencyEstimateOfPossibleLoss>
	<us-gaap:LossContingencyPendingClaimsNumber contextRef="I2014Q1February27_us-gaap_LitigationStatusAxis_us-gaap_PendingLitigationMember" decimals="INF" id="Fact-9B90D7A3D7206B2E3CAAE7FF2F90C80C" unitRef="lawsuit">2</us-gaap:LossContingencyPendingClaimsNumber>
	<us-gaap:LossContingencyPendingClaimsNumber contextRef="I2014Q1February27_us-gaap_LitigationStatusAxis_us-gaap_SettledLitigationMember" decimals="INF" id="Fact-50835A50FFB49E8623B6E7FF2F81579F" unitRef="lawsuit">1</us-gaap:LossContingencyPendingClaimsNumber>
	<us-gaap:LossContingencyRangeOfPossibleLossPortionNotAccrued contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_LeaseArrangementTypeAxis_pnm_PaloVerdeNuclearGeneratingStationMember" decimals="-5" id="Fact-D89E7B80A69A1455F08AE7FF2C467334" unitRef="usd">169900000</us-gaap:LossContingencyRangeOfPossibleLossPortionNotAccrued>
	<us-gaap:MarginDepositAssets contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-CE36EEEE4BA0DD2CAB40E7FF2D20DDFC" unitRef="usd">2600000</us-gaap:MarginDepositAssets>
	<us-gaap:MarginDepositAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-9806E63AC3F3D15B26A2E7FF2D208A22" unitRef="usd">1200000</us-gaap:MarginDepositAssets>
	<us-gaap:MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1 contextRef="FD2017Q3YTD_us-gaap_DebtInstrumentAxis_pnm_VariableRateShortTermDebtMember" id="Fact-815C05A64BCB124E65C2CE45251B1706">P4Y</us-gaap:MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1>
	<us-gaap:MinorityInterest contextRef="FI2016Q4" decimals="-3" id="Fact-D6587BE3E920D9E75BB5E7FF27E33F67" unitRef="usd">68920000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-68F9B88ABB8A3498D8ACE7FF2978ABC0" unitRef="usd">68920000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-2C944428866F068173DEE7FF2C465282" unitRef="usd">68920000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterest contextRef="FI2017Q3" decimals="-3" id="Fact-E5F5306D2474E941FD25E7FF27E3620F" unitRef="usd">67409000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BAFA265FF2C9EEC8E44BE7FF29783B98" unitRef="usd">67409000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-152820BD8C0740D8D418E7FF2C46823D" unitRef="usd">67409000</us-gaap:MinorityInterest>
	<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DE0CFAB220046383B31CE7FF28117FBF" unitRef="usd">12963000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
	<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FFF17B219C2F6CB7402DE7FF2A623198" unitRef="usd">12963000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
	<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-62D4CBDE6960C0C54757E7FF2A627CB8" unitRef="usd">12963000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
	<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-E1D33563AE114603A61DE7FF2821E718" unitRef="usd">12963000</us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-190D2B47FDFFCCD4245EE7FF27954E49" unitRef="usd">245415000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6C4F93C0B9F4D62D4873E7FF293A852A" unitRef="usd">102749000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FC09AD93E0EAC612A371E7FF2AEFDD8E" unitRef="usd">20460000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-610958B146D3BA5E43CBE7FF27A4647A" unitRef="usd">-49668000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B04F2FDC9EA681137F66E7FF293A7E8F" unitRef="usd">-47848000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-28C171322FFC931DF60CE7FF2AFE4BF5" unitRef="usd">24863000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-26C89C578961F8B12071E7FF27855880" unitRef="usd">-604771000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4F9AD4F95177911925D1E7FF2959877C" unitRef="usd">-372636000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-ACAE7316B9668685102CE7FF2AFECF56" unitRef="usd">-93048000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A8B9314EA1447BF1E301E7FF27858877" unitRef="usd">-329042000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-88EA8679EC3D7825C980E7FF29598873" unitRef="usd">-210898000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-449C8E25A1F5ED4D0441E7FF2AEFFFB3" unitRef="usd">-106914000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B9E729F1A1BBEBA4F3BCE7FF27850C5E" unitRef="usd">320986000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-158DFBB864081D37C11BE7FF29593FEA" unitRef="usd">228642000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-45E03934B82697EDF6DEE7FF2AEFE404" unitRef="usd">75605000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-805E39FE4995DBAF6B41E7FF27850DC5" unitRef="usd">417337000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CEDFA061A97D99D16E40E7FF29598A7D" unitRef="usd">297792000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BA1493FDB3E2EC538AF0E7FF2AEFE9C1" unitRef="usd">83802000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3QTD" decimals="-3" id="Fact-858F07EA5EF6A4A849A6E7FF2727F9FD" unitRef="usd">54418000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-886932E492D5AB8BF2C5E7FF289EAC6A" unitRef="usd">40984000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-21C9057C542B302592B8E7FF2AB01530" unitRef="usd">13853000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3YTD" decimals="-3" id="Fact-CDD7CE50BD13A8093D68E7FF272722AD" unitRef="usd">92040000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0B2710C998565AA2455DE7FF288EFA0C" unitRef="usd">61305000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E019F63FDD76CE7089C8E7FF2AB0F6BD" unitRef="usd">31817000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3QTD" decimals="-3" id="Fact-6538A011D5F66CD3B675E7FF2737F505" unitRef="usd">73739000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5B2656FA4C64031955CAE7FF288E58F3" unitRef="usd">60827000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8762D6072305D0F703D3E7FF2AB04F7F" unitRef="usd">14727000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3YTD" decimals="-3" id="Fact-3B0EA66E0E6E8ECADEF6E7FF2718EC72" unitRef="usd">134156000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-7A218BF397630F8108E1E7FF288E287B" unitRef="usd">104417000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-677CBA5C91E628609A54E7FF2AB0749D" unitRef="usd">34535000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-8B8064CD3C894B30E86DE7FF2B3D3B9D" unitRef="usd">34535000</us-gaap:NetIncomeLoss>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD" decimals="-3" id="Fact-C1D8260166F7CEDD4025E7FF2727867A" unitRef="usd">4006000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E098F5D79B33097247BDE7FF288E5B3F" unitRef="usd">4006000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-BA8A1D6A3A847285036DE7FF2C460878" unitRef="usd">4006000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E4AB74C2F935BC2BE622E7FF2B7BEF38" unitRef="usd">4006000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B03FD92A2446388A12E0E7FF2B6B1433" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-98BDF28C6CC09505962CE7FF2B6B01C5" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-48F737696BF0274D7D99E7FF2718011C" unitRef="usd">11037000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BEE79CF26DB830F0D6B2E7FF288EA6AD" unitRef="usd">11037000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-C5496317314B62C70124E7FF2C466456" unitRef="usd">11037000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A5DF8AAAEEDDD0E45113E7FF2B6B3757" unitRef="usd">11037000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-00AEFE03DAA4CA2F3530E7FF2B7BFAB4" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-49053B86FE4BDC65B749E7FF2B6B562E" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD" decimals="-3" id="Fact-94D58F4862C53964DCE5E7FF27272FA8" unitRef="usd">4456000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-91A6BFCE946F3EE408AAE7FF289E27C3" unitRef="usd">4456000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-DEAC625E50EC1EC39503E7FF2C46E96B" unitRef="usd">4456000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-81828D50E4FE494A73F8E7FF2BB9A728" unitRef="usd">4456000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9BF04C39387E0E397DFAE7FF2BB9032C" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-62B03F8EEAA38E18246AE7FF2BB9409E" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E428AEF41A9D7013A711E7FF27181E19" unitRef="usd">11452000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1C19F604B847C395D436E7FF288E6D64" unitRef="usd">11452000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-D3E4433BD7F5901717BFE7FF2C461D1C" unitRef="usd">11452000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-88DFD8D50A087B5905FCE7FF2BAA85F2" unitRef="usd">11452000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1FC29E6FD9DC9C97B101E7FF2BB96D36" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-A5654B3ED89B1A604244E7FF2BAA44EA" unitRef="usd">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3QTD" decimals="-3" id="Fact-A6A740186852C88A8865E7FF2B6BB3BB" unitRef="usd">54418000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-61AAEC9C5E05412C2745E7FF289E9E4A" unitRef="usd">40852000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-76B44C627AE47FC42223E7FF2B6BD7A0" unitRef="usd">40852000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-10B8C9F4F89EFB5208CCE7FF2B7BE408" unitRef="usd">13853000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-DCDDACAF2DC887CF0DDBE7FF2B7B74B1" unitRef="usd">-287000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3YTD" decimals="-3" id="Fact-BD9691571290BFE54C52E7FF2B6B18ED" unitRef="usd">92040000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3B072BD6D6494636CF11E7FF288E503D" unitRef="usd">60909000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BEFDFEEBE73661AA9328E7FF2B7B663B" unitRef="usd">60909000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-2DF25BC246BEB9D7EC30E7FF2B6B2094" unitRef="usd">31817000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-8C6F11FACC91BB59E570E7FF2B6B973C" unitRef="usd">-686000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3QTD" decimals="-3" id="Fact-54EB09B707A683E2115CE7FF2BB94F13" unitRef="usd">73739000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C641AACFA8AB60383896E7FF288EA5A3" unitRef="usd">60695000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-75B72A041A857CA6E537E7FF2BB9B5EA" unitRef="usd">60695000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EFD2DD3D5D86EA6AF2B0E7FF2BAA4317" unitRef="usd">14727000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-C5C6F71F8C5898EA0176E7FF2BB921D5" unitRef="usd">-1683000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3YTD" decimals="-3" id="Fact-43EB222B72FF792C382EE7FF2BAAB1D2" unitRef="usd">134156000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1473AEB1CAD32FBE8244E7FF289EF0FF" unitRef="usd">104021000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-25A536BCAFA02C0858BAE7FF2BB9729F" unitRef="usd">104021000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-3471313A271889141AF3E7FF2BB933BE" unitRef="usd">34535000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-00FB86285F36E50048CFE7FF2BB98EF0" unitRef="usd">-4400000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
	<us-gaap:NotesAndLoansReceivableGrossCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-7B5D3D8EC60452F38D6CE7FF27C35C42" unitRef="usd">38360000</us-gaap:NotesAndLoansReceivableGrossCurrent>
	<us-gaap:NotesAndLoansReceivableGrossCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-A411890B4C0634A8816DE7FF27B4B6BF" unitRef="usd">12272000</us-gaap:NotesAndLoansReceivableGrossCurrent>
	<us-gaap:NotesAndLoansReceivableGrossNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-B34A35E31BF15DC8DB27E7FF27C36C20" unitRef="usd">56640000</us-gaap:NotesAndLoansReceivableGrossNoncurrent>
	<us-gaap:NotesAndLoansReceivableGrossNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-FEB19B9C6F42403EC68DE7FF27C3505E" unitRef="usd">53958000</us-gaap:NotesAndLoansReceivableGrossNoncurrent>
	<us-gaap:NotesPayableRelatedPartiesClassifiedCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-E98F67DFCDD23BCD2FD4E8E9CC1B3858" unitRef="usd">0</us-gaap:NotesPayableRelatedPartiesClassifiedCurrent>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2016Q4" decimals="-3" id="Fact-7EF5B51BBDC4AC650B9CE7FF2C751CF9" unitRef="usd">100893000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-F4F2FD5DC5ED9E6640E9E7FF2C756CC2" unitRef="usd">0</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-59DF17780817E2BFE69AE7FF2C751D4A" unitRef="usd">0</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-01A02333EE29109481F9E7FF2C75DFDC" unitRef="usd">100893000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2016Q4_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-45DC57BF83374273A5AFE7FF2C75083C" unitRef="usd">95000000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2017Q3" decimals="-3" id="Fact-CE785CBE34B6889996CBE7FF2C7594D1" unitRef="usd">76353000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" decimals="-3" id="Fact-B9091A87008059E4F1E7E7FF2C65792E" unitRef="usd">0</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-3" id="Fact-8DD41FAA52F9D71CCDFAE7FF2C651DED" unitRef="usd">0</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member" decimals="-3" id="Fact-A7A99EED634B3FE3A56EE7FF2C755EB0" unitRef="usd">76353000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NotesReceivableFairValueDisclosure contextRef="FI2017Q3_us-gaap_FairValueByMeasurementBasisAxis_us-gaap_CarryingReportedAmountFairValueDisclosureMember" decimals="-3" id="Fact-FCD535080258D6A7F89CE7FF2C75F079" unitRef="usd">66230000</us-gaap:NotesReceivableFairValueDisclosure>
	<us-gaap:NuclearFuelNetOfAmortization contextRef="FI2016Q4" decimals="-3" id="Fact-A22B7AEFD3D737E2ECAEE7FF27C322CA" unitRef="usd">86913000</us-gaap:NuclearFuelNetOfAmortization>
	<us-gaap:NuclearFuelNetOfAmortization contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1179E888E52BDA672309E7FF29972FFC" unitRef="usd">86913000</us-gaap:NuclearFuelNetOfAmortization>
	<us-gaap:NuclearFuelNetOfAmortization contextRef="FI2017Q3" decimals="-3" id="Fact-B852C2450828BB72C26AE7FF27B4479B" unitRef="usd">88702000</us-gaap:NuclearFuelNetOfAmortization>
	<us-gaap:NuclearFuelNetOfAmortization contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-96E24E58FEA2391B38F6E7FF2997809A" unitRef="usd">88702000</us-gaap:NuclearFuelNetOfAmortization>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD" decimals="-3" id="Fact-BFE14365B949755C3A39E7FF27189C68" unitRef="usd">108071000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A260ECDD774F59C2DC0CE7FF289E731F" unitRef="usd">80057000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-11A14E59F945A4D54756E7FF2AB01AF0" unitRef="usd">28359000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FBF7AE8A0BF5E0741B8DE7FF2B7B55B7" unitRef="usd">80057000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8786CE1761857A3B9B36E7FF2B7B9404" unitRef="usd">28359000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-463452EA126FAA412C8EE7FF2B6B8FF0" unitRef="usd">-345000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD" decimals="-3" id="Fact-DFF256482E148C1A0AE2E7FF2718E4B6" unitRef="usd">214399000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C92F3720EFDE9D8CF9D9E7FF288E4E98" unitRef="usd">145113000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9BDC0B3C163BA2119D02E7FF2AB01914" unitRef="usd">70288000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A61171880CE54F693036E7FF2B7BBDD4" unitRef="usd">145113000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-BF31EB70BA6B9A7E2B47E7FF2B7BE22A" unitRef="usd">70288000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-B01875CDA42615C855DCE7FF2B7BE8BD" unitRef="usd">-1002000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD" decimals="-3" id="Fact-7764C894341082B27E08E7FF2718FB3C" unitRef="usd">142484000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F9CFFB63F3607073E112E7FF289E19D4" unitRef="usd">113252000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-208F03340D76BFC819D4E7FF2AB02E06" unitRef="usd">29474000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-08CD2D7756A79FA32899E7FF2BB901A8" unitRef="usd">113252000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-19BDD9814DB84F86281CE7FF2BAA4F6B" unitRef="usd">29474000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-9FFE98B0E7FD0EED16EFE7FF2BAAF4F1" unitRef="usd">-242000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD" decimals="-3" id="Fact-C309382FAF39B8B97483E7FF2727CA55" unitRef="usd">283549000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F49269546008C1CB84ABE7FF288E1CED" unitRef="usd">210746000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-15759C0D5B1CF613286CE7FF2AB0D0AE" unitRef="usd">73726000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5116373BA8D8697F16D8E7FF2BB9C288" unitRef="usd">210746000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6705A948573F6565EB4FE7FF2BB96561" unitRef="usd">73726000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-2C7E03E69574FDF6153FE7FF2BB94F53" unitRef="usd">-923000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingLossCarryforwards contextRef="FI2015Q4" decimals="-5" id="Fact-68DEEA41C7D6B17382E0F3815B761FEC" unitRef="usd">2100000</us-gaap:OperatingLossCarryforwards>
	<us-gaap:OtherAssetsCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-DA0B5F108A05B239FAC4E7FF27C3DFD9" unitRef="usd">73444000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8083EE11CA9D99107367E7FF2997E1E9" unitRef="usd">67355000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-E191C738BA9D0D026DD8E7FF2F814AD0" unitRef="usd">48700000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-23DACAD759D023907A0EE7FF2B0E6918" unitRef="usd">1031000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-626281B8F8B3DE2C3703E7FF27C3A388" unitRef="usd">56421000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C40CE980116F5EA7B647E7FF2997B863" unitRef="usd">48883000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember" decimals="-5" id="Fact-ABC776E9F464988CA93FE7FF2FAF3AC5" unitRef="usd">31900000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-7F8F9B340DFD05C9446DE7FF2B1D9857" unitRef="usd">1609000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2016Q3QTD" decimals="-3" id="Fact-4330D620AAB8DFDB8064E7FF2766B20F" unitRef="usd">537000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-93B59CDADEF7D5C1121AE7FF292AC6B8" unitRef="usd">537000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2016Q3YTD" decimals="-3" id="Fact-C5EDE46D078CA7D1CFA1E7FF2766D98A" unitRef="usd">1611000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-ACFC6CC1E9A9F2F806E5E7FF292A3A0A" unitRef="usd">1611000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2017Q3QTD" decimals="-3" id="Fact-0DA7C0E219B182136DEAE7FF2766BDF9" unitRef="usd">626000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-096032501F7BF5BD943CE7FF292A68D6" unitRef="usd">626000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E56B1DC2B61451B7B145E7FF2766FC85" unitRef="usd">1878000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F3CEBA4E1FA2B910498AE7FF292A345F" unitRef="usd">1878000</us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-6FFDB2CC6FAD6E11B18CE7FF2C079F63" unitRef="usd">1810000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-44BDD9FBBBEAE4161C55E7FF2C07DBAD" unitRef="usd">3115000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-2CA0471222E463CB90EEE7FF2C0784EE" unitRef="usd">3115000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-93A96A0F307BC5CB16FAE7FF2C07A14C" unitRef="usd">-1305000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-BF71CFE2BA678156A3CBE7FF2BE844A5" unitRef="usd">22024000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-049330327E323B610A34E7FF2BE807B4" unitRef="usd">22302000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-C1C84B894749D994E571E7FF2BE815DB" unitRef="usd">22302000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-5AE7FBB7D0EC756410EAE7FF2BE834D5" unitRef="usd">-278000</us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax>
	<us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-9C66836E2D1AF32551EAE7FF276673D0" unitRef="usd">269000</us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-E9E7490E1AD7FA0A99E0E7FF275671F0" unitRef="usd">-796000</us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-4B0D928CE226D8102094E7FF27660E80" unitRef="usd">6000</us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DB2BD263E48B4F8DC0DBE7FF27669FD2" unitRef="usd">-170000</us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-C1A1E87A9508C7C9D637E7FF2766452C" unitRef="usd">1063000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-91B0AC7EFD886C04F15CE7FF28EC5E29" unitRef="usd">671000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-5AFD9EE5C52D5C5C6CC7E7FF275623C8" unitRef="usd">-2211000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1775D16C6D2B98018152E7FF28ECA9D8" unitRef="usd">-1764000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-8AEB94E8CE48C52B8F38E7FF2C0777EB" unitRef="usd">2517000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-6603151F36F9663D497CE7FF2C07682F" unitRef="usd">-4281000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-47974423E5FC4030581FE7FF2C075F01" unitRef="usd">-447000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-2811EA910E0A90D8CB97E7FF2766E5E1" unitRef="usd">3094000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A484CEB13A3193361522E7FF28ECE39A" unitRef="usd">2989000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-5F548131DA899C6CD9D0E7FF2756A8BE" unitRef="usd">9950000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5D9D7EE6A4424AE5B4F6E7FF28EC2DFA" unitRef="usd">9823000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-8759C22850B0E0D5FFF4E7FF2BE8A837" unitRef="usd">2961000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-F48F26B36C286133C55DE7FF2BE8DE08" unitRef="usd">6862000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-B61A931AE1B11A1058C8E7FF2A622DCC" unitRef="usd">9823000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" id="Fact-A89BDE7488E5E758A500E7FF2A6238FD" unitRef="usd" xsi:nil="true" />
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-6B21701EFB411EBD2052E7FF2A72152D" unitRef="usd">9823000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-80FDCE015A15FF704507E7FF2A62420A" unitRef="usd">0</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-B93DABBC8D762A398243E7FF2BE8967A" unitRef="usd">127000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-6F63AFAE4737D7772DCDE7FF281113A0" unitRef="usd">9950000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossNetOfTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-39DD573E8B1254492410E7FF282176DC" unitRef="usd">9950000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-4BFB2B7F520FEA8BA2BBE7FF2756B945" unitRef="usd">3101000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1F7824D4A06416959FD4E7FF28EC1630" unitRef="usd">3101000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A21CB5AE51D3DB908CCEE7FF27566E59" unitRef="usd">6180000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-2448832DD3460EF46024E7FF28ECBF37" unitRef="usd">6180000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-AC000FDD3DFBC4A6EBE0E7FF27664BCE" unitRef="usd">2526000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5BE9832460327D82CE73E7FF28ECF4CA" unitRef="usd">2526000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-99C5FF11B8188FBAD5B9E7FF27563FA0" unitRef="usd">6786000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AA2CA4CAA5862FE63D08E7FF28EC4EC6" unitRef="usd">6786000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-BEC2D59AC51051B31CD5E7FF2766123C" unitRef="usd">1985000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5BA747B8CE5A6F726709E7FF292A9A41" unitRef="usd">1985000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-72EAB4B26F0E96EACC80E7FF2766B04C" unitRef="usd">3955000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-01F543AFE307451E6D92E7FF292ADB02" unitRef="usd">3955000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-0DCCE1E25E6128D65F5AE7FF27666808" unitRef="usd">1601000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-12EF42F22A354FFF4441E7FF292AA3BB" unitRef="usd">1601000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-C0D54CCFD300C3758E00E7FF2766B835" unitRef="usd">4302000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FC4FB63E3100145C8F64E7FF292A82AC" unitRef="usd">4302000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-3C4DB102CB59D9FBA59FE7FF27665CDF" unitRef="usd">-123000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-273D59280FC20B4D57EFE7FF27569C73" unitRef="usd">-349000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-42C05AE84337DB1A1AA7E7FF2766B0C8" unitRef="usd">-99000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-5CE62D96F48E818E5252E7FF27568B3C" unitRef="usd">-297000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-01D7573D7F3DF8565206E7FF27665ACF" unitRef="usd">-79000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-1EF858CF4E8E9C52BE64E7FF27668BA3" unitRef="usd">-224000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-C91B3F5FA74FF070A6FDE7FF276676D1" unitRef="usd">-62000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-6F6936A550B27B6576E6E7FF2775AC41" unitRef="usd">-187000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-ADC5DB24521F7B514C10E7FF27667B95" unitRef="usd">-839000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E40D038336EE25CDE579E7FF28ECC10A" unitRef="usd">-839000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-0C1B891BE2F9E05967DBE7FF2756D74A" unitRef="usd">-2517000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-88A99DCC047E55CB64D2E7FF28ECF186" unitRef="usd">-2517000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-13DE5AFC97BCDC7CF35AE7FF27562F01" unitRef="usd">-987000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-91BFAFACE0EF70CE73ECE7FF28EC431D" unitRef="usd">-987000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-D44A4972112976A5C28DE7FF27563AAB" unitRef="usd">-2961000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-32E8F2482CC248275AA3E7FF28EC67F5" unitRef="usd">-2961000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A402227E6DFA6B198168E7FF2C07156E" unitRef="usd">707000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-852312F86E1F0BF2EF40E7FF2C0762D9" unitRef="usd">1216000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-E22431F9B9B973BBD2AEE7FF2C07560F" unitRef="usd">1216000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-812E9DF8B2BA37682134E7FF2C0740B8" unitRef="usd">-509000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-57EBAB827008D860CC02E7FF2BE81CD6" unitRef="usd">8546000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9317BBE1D65DA30EA9A1E7FF2BE8D152" unitRef="usd">8654000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-754AFC961B5681050C03E7FF2BE8DC7B" unitRef="usd">8654000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeLossTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-A998020281DBE98E32F1E7FF2BE8F4A6" unitRef="usd">-108000</us-gaap:OtherComprehensiveIncomeLossTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-13D58A2C2C467AC42B8EE7FF27666685" unitRef="usd">172000</us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-B072F1CA2C16148DEBBCE7FF2766947C" unitRef="usd">-509000</us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-346097DC18069899DBF4E7FF2766623F" unitRef="usd">4000</us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-545EDD85D1C13D628B6CE7FF276650FD" unitRef="usd">-108000</us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-FB1B96A5A66BC75858BBE7FF27561C90" unitRef="usd">2933000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D8514EF158E0E6552172E7FF28ECC0F4" unitRef="usd">2933000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-0526E1EFC0D9804357DFE7FF2756505F" unitRef="usd">1899000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-488CD5EEBDA4C5942787E7FF28EC1F50" unitRef="usd">1899000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-F09B60CF9FDDA9CAAC57E7FF27661751" unitRef="usd">4528000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DB833D2CD090722B3B48E7FF28EC376E" unitRef="usd">4528000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-F5E01CF6D2234753BD07E7FF27567A1D" unitRef="usd">13648000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C02C7A6637E0813C925DE7FF28ECEBD4" unitRef="usd">13648000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2016Q3QTD" decimals="-3" id="Fact-DCEBEDED6D82BD1EE93FE7FF276610E4" unitRef="usd">1877000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6396071C7A07147E53AFE7FF292A6632" unitRef="usd">1877000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-3887BDEBAC1C886C1ECCE7FF2775BE21" unitRef="usd">1216000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-66E9E8118B7D88A33BD9E7FF292A6F6A" unitRef="usd">1216000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2017Q3QTD" decimals="-3" id="Fact-0DDA187B70827232CAE2E7FF2766EF63" unitRef="usd">2871000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3F3D6210B2B43554AA40E7FF292A4BEA" unitRef="usd">2871000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-32BEA2C2ABB3829928F7E7FF27667806" unitRef="usd">8654000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E188B4100EFDA0317485E7FF292A7EB6" unitRef="usd">8654000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-0E83F770BE7C13EC22EDE7FF27D322EE" unitRef="usd">140545000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-08845374FAE36454B490E7FF29782BAA" unitRef="usd">118980000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F7520CA9B0125159E604E7FF2B2D72CB" unitRef="usd">6300000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-3DA750E5C18962132897E7FF27E3ED1C" unitRef="usd">132098000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3CBEDF7A3F1A621F465CE7FF2978991A" unitRef="usd">106762000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherDeferredCreditsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-9F2ADA5B7590CBFD9398E7FF2B2DA91F" unitRef="usd">9203000</us-gaap:OtherDeferredCreditsNoncurrent>
	<us-gaap:OtherExpenses contextRef="FD2016Q3QTD" decimals="-3" id="Fact-C754B618335AC972D664E7FF2718278D" unitRef="usd">3764000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D6EBD2FBB438347954F4E7FF288E55BC" unitRef="usd">2790000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-76739470F1210F8610D4E7FF2AB0D624" unitRef="usd">521000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2016Q3YTD" decimals="-3" id="Fact-4E0E63FC4FCF7CB08B39E7FF27180612" unitRef="usd">10866000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-D13795F1C9BC64CFB593E7FF288E02F9" unitRef="usd">7653000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4D0D981560477B183427E7FF2AB051EB" unitRef="usd">860000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3QTD" decimals="-3" id="Fact-936811401DC1D4C51868E7FF2727B522" unitRef="usd">4571000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-72695BDFDD441150C61EE7FF288EFEFF" unitRef="usd">2826000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8B453677C7B6C03E82DEE7FF2AB0DA74" unitRef="usd">1030000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E1394DC53018AB89601DE7FF272706ED" unitRef="usd">10958000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B3EF9D6AA6CE624BF1D9E7FF288ED47A" unitRef="usd">8076000</us-gaap:OtherExpenses>
	<us-gaap:OtherExpenses contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EDCF3C30C7EF3EDA5D3FE7FF2AB08DE3" unitRef="usd">1229000</us-gaap:OtherExpenses>
	<us-gaap:OtherIncome contextRef="FD2016Q3QTD" decimals="-3" id="Fact-75DE07C08561CB8B02DEE7FF272742DD" unitRef="usd">4884000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1DA12DFE4E2E32C31884E7FF288EAD7D" unitRef="usd">3239000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A91B3118353C5D4EB674E7FF2AB0D57C" unitRef="usd">1376000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2016Q3YTD" decimals="-3" id="Fact-97D76214C857C4F6546DE7FF2718D7D9" unitRef="usd">13413000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B826C835FE975A49A297E7FF288EDBA4" unitRef="usd">9578000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6A6EA7DBCB4EAA2EBB0AE7FF2AB014C2" unitRef="usd">2999000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3QTD" decimals="-3" id="Fact-5FABA52E1BBD51544A5CE7FF27276B84" unitRef="usd">6275000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1D6BC5C034C424D67F29E7FF288EC103" unitRef="usd">3762000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-578FD49D2D22F8991CDBE7FF2AB0A30B" unitRef="usd">2258000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3YTD" decimals="-3" id="Fact-89929475D3062370C650E7FF271883D0" unitRef="usd">14626000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-68CFA2F3E579B7B3A00AE7FF289EBA7B" unitRef="usd">10270000</us-gaap:OtherIncome>
	<us-gaap:OtherIncome contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-30CFB5D63F64A31C0593E7FF2AB05C86" unitRef="usd">3621000</us-gaap:OtherIncome>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-1F0A733351FBF8FFAAB3E7FF27E3CCA4" unitRef="usd">59314000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-F277B676B41B8514B669E7FF29887A52" unitRef="usd">33029000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8BF3F464EA7B754CC2B3E7FF2B2D8553" unitRef="usd">2134000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-9251930A3E9D4F139B51E7FF27D374B6" unitRef="usd">67069000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AE724A80414489EDBED1E7FF298862FD" unitRef="usd">32532000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLiabilitiesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F8AB39455F050F3D9F3EE7FF2B2D770B" unitRef="usd">3210000</us-gaap:OtherLiabilitiesCurrent>
	<us-gaap:OtherLongTermInvestments contextRef="FI2016Q4" decimals="-3" id="Fact-F2F2207E2E44583D277FE7FF27C36BD1" unitRef="usd">547000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherLongTermInvestments contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B452AB1221B21E4C04B9E7FF29A71229" unitRef="usd">316000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherLongTermInvestments contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-289A0D929EBF0CD61A1DE7FF2B1DCE86" unitRef="usd">231000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherLongTermInvestments contextRef="FI2017Q3" decimals="-3" id="Fact-48470699ACFFDF63307FE7FF27C31ACE" unitRef="usd">386000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherLongTermInvestments contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0760DB0BA1D23DC9EA93E7FF29A72D20" unitRef="usd">166000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherLongTermInvestments contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B0791069BD9FE9D589B6E7FF2B0EB782" unitRef="usd">220000</us-gaap:OtherLongTermInvestments>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-14D4BE9C68B0CA302DB7E7FF27859690" unitRef="usd">-2104000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4C24F00E7D3AC527A8AEE7FF29595C6E" unitRef="usd">-2091000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A717034A402FA28888DBE7FF2AEFC124" unitRef="usd">-14000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-5439934E3B93CFBC497CE7FF2775434C" unitRef="usd">-1409000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EF33E265B9F51A367CCDE7FF2959A740" unitRef="usd">-1705000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNoncashIncomeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B985B75AEA5DE6D7B949E7FF2AEF7B48" unitRef="usd">296000</us-gaap:OtherNoncashIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3QTD" decimals="-3" id="Fact-9F72FCEA4F414150FEFCE7FF273793F3" unitRef="usd">10255000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0CF9014A297477CB7872E7FF288E2189" unitRef="usd">6489000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A02993D528DDCC411072E7FF2AB04EA6" unitRef="usd">855000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-106120FC954925D99673E7FF2727BAC8" unitRef="usd">36347000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-DD4FCA8D655FF6E62FA5E7FF288EE3E2" unitRef="usd">25854000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-120F42EBEA8FC96A00CDE7FF2AB09891" unitRef="usd">2139000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3QTD" decimals="-3" id="Fact-373EF945F38DC4CBB6E2E7FF270804D6" unitRef="usd">10692000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-775EBE9DC38606F61F3CE7FF289EF3D9" unitRef="usd">8124000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-134B0910311022742F59E7FF2AB092B9" unitRef="usd">1228000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E7C41D1530D41D7DA6BDE7FF2737C4EA" unitRef="usd">33746000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5034762734726F55034EE7FF289E5571" unitRef="usd">26381000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherNonoperatingIncomeExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A4C98291FA3DF28AD03BE7FF2AB0331E" unitRef="usd">2392000</us-gaap:OtherNonoperatingIncomeExpense>
	<us-gaap:OtherReceivables contextRef="FI2016Q4" decimals="-3" id="Fact-AD31F1AB8CACE5E170A2E7FF27B4FDDD" unitRef="usd">28245000</us-gaap:OtherReceivables>
	<us-gaap:OtherReceivables contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-15401104D252244DD470E7FF2997D9F8" unitRef="usd">25514000</us-gaap:OtherReceivables>
	<us-gaap:OtherReceivables contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-1E480FDBA023E54002C1E7FF2B0E4CDA" unitRef="usd">2090000</us-gaap:OtherReceivables>
	<us-gaap:OtherReceivables contextRef="FI2017Q3" decimals="-3" id="Fact-E4C6A228EA97A09F2EB2E7FF27B485A6" unitRef="usd">16567000</us-gaap:OtherReceivables>
	<us-gaap:OtherReceivables contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B10F5796F8C615E86E1FE7FF29A78FC7" unitRef="usd">13510000</us-gaap:OtherReceivables>
	<us-gaap:OtherReceivables contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-33D6B8D229C80879DCAEE7FF2B0E25DF" unitRef="usd">2698000</us-gaap:OtherReceivables>
	<us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="FD2017Q3YTD" decimals="INF" id="Fact-8CC366691D25987F6EA8E7FF2D20EFF6" unitRef="usd">0</us-gaap:OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-512296AB01B12607B71EE7FF2785FDF8" unitRef="usd">-179000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
	<us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A4CC48156234F593354DE7FF2959CD37" unitRef="usd">-171000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
	<us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-F73448A1D68561256383E7FF27858C4D" unitRef="usd">-160000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
	<us-gaap:PaymentsForProceedsFromOtherInvestingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E09E6DEB60BB5820B471E7FF29595A2A" unitRef="usd">-150000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
	<us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="FD2016Q3YTD" decimals="-3" id="Fact-CED5D3B88036E85F4D04E7FF27950B32" unitRef="usd">14920000</us-gaap:PaymentsForRepurchaseOfCommonStock>
	<us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="FD2017Q3YTD" decimals="-3" id="Fact-076ADD242E073D39BBAAE7FF27952007" unitRef="usd">13816000</us-gaap:PaymentsForRepurchaseOfCommonStock>
	<us-gaap:PaymentsOfDistributionsToAffiliates contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-5" id="Fact-B84CE2D932E92A21372A502EC7C47D9B" unitRef="usd">28100000</us-gaap:PaymentsOfDistributionsToAffiliates>
	<us-gaap:PaymentsOfDistributionsToAffiliates contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-5" id="Fact-00BB7C0FE315639D60F9502EE19696A3" unitRef="usd">50000000</us-gaap:PaymentsOfDistributionsToAffiliates>
	<us-gaap:PaymentsOfDividendsMinorityInterest contextRef="FD2016Q3YTD" decimals="-3" id="Fact-F8D06502D5D64B7DB753E7FF27A429A9" unitRef="usd">12327000</us-gaap:PaymentsOfDividendsMinorityInterest>
	<us-gaap:PaymentsOfDividendsMinorityInterest contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-31A2B78E2E023961A844E7FF293AD8B3" unitRef="usd">12327000</us-gaap:PaymentsOfDividendsMinorityInterest>
	<us-gaap:PaymentsOfDividendsMinorityInterest contextRef="FD2017Q3YTD" decimals="-3" id="Fact-EF379C5B0A19231064FEE7FF27954E22" unitRef="usd">12963000</us-gaap:PaymentsOfDividendsMinorityInterest>
	<us-gaap:PaymentsOfDividendsMinorityInterest contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-59AB11E5AEE3CE7526FDE7FF293AF762" unitRef="usd">12963000</us-gaap:PaymentsOfDividendsMinorityInterest>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2016Q3YTD" decimals="-3" id="Fact-C3D6CD06B11835E69C0EE7FF27958312" unitRef="usd">52967000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A90A772BA878EB27ABD8E7FF293A921D" unitRef="usd">4538000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4F47911E39658F7008A3E7FF2AEFF7A4" unitRef="usd">17965000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A1B9B3BE3E5DBE59ABD0E7FF2795449A" unitRef="usd">58344000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5C3B6BE0EAA9FC1CFA65E7FF293A7E22" unitRef="usd">396000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsOfOrdinaryDividends contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6E91855554BDAB2255ADE7FF2AFE21FC" unitRef="usd">29663000</us-gaap:PaymentsOfOrdinaryDividends>
	<us-gaap:PaymentsToAcquireInvestments contextRef="FD2016Q3YTD" decimals="-3" id="Fact-C94A0C7376E5851C68CFE7FF27757AB9" unitRef="usd">122250000</us-gaap:PaymentsToAcquireInvestments>
	<us-gaap:PaymentsToAcquireInvestments contextRef="FD2017Q3YTD" decimals="-3" id="Fact-F423A270D2645CE31956E7FF27858648" unitRef="usd">0</us-gaap:PaymentsToAcquireInvestments>
	<us-gaap:PaymentsToAcquireMarketableSecurities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-6AF483E1BB45D19CB49EE7FF27856BE1" unitRef="usd">284706000</us-gaap:PaymentsToAcquireMarketableSecurities>
	<us-gaap:PaymentsToAcquireMarketableSecurities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4410F574A114F5DFB77FE7FF2959AB4C" unitRef="usd">284706000</us-gaap:PaymentsToAcquireMarketableSecurities>
	<us-gaap:PaymentsToAcquireMarketableSecurities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-7614DDEDFEFCD9DB16B3E7FF2775BB5A" unitRef="usd">461126000</us-gaap:PaymentsToAcquireMarketableSecurities>
	<us-gaap:PaymentsToAcquireMarketableSecurities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8DA463DD2330C0D93253E7FF295953C5" unitRef="usd">461126000</us-gaap:PaymentsToAcquireMarketableSecurities>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2016Q3YTD" decimals="-3" id="Fact-F413A573BE525FDD10C6E7FF2775109E" unitRef="usd">502530000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-221A50591B84102FFE57E7FF2959282A" unitRef="usd">377637000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C0B64C1BC0CE25D1C251E7FF2AFE290E" unitRef="usd">93048000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2017Q3YTD" decimals="-3" id="Fact-B96543A55AEAFB3CFBA4E7FF2785070B" unitRef="usd">353423000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E5064295DD06A85B8E2DE7FF295922A9" unitRef="usd">206499000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PaymentsToAcquireProductiveAssets contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F5FCC46B1117CAEBC6DDE7FF2AEF1C2E" unitRef="usd">106914000</us-gaap:PaymentsToAcquireProductiveAssets>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-3D969C74685B8EB23084E7FF27E339D5" unitRef="usd">125844000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E66D017BD64BA62AD6DDE7FF298868B4" unitRef="usd">114427000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-22B6E4461A2FB9A4C1B9E7FF2B2DDDCA" unitRef="usd">11417000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-9F34DDD18886F906A3F3E7FF27E36AA3" unitRef="usd">116812000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-B7F551AF8591EB4C921BE7FF2978B71A" unitRef="usd">106742000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C3B26F9E7AF2681F0A6FE7FF2B1DC399" unitRef="usd">10070000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
	<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-8646C05DD11069FE7BECE7FF29C6C5E7" unitRef="usdPerShare">100</us-gaap:PreferredStockParOrStatedValuePerShare>
	<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-156B2985F3931C5083E2E7FF29C67E6F" unitRef="usdPerShare">100</us-gaap:PreferredStockParOrStatedValuePerShare>
	<us-gaap:PreferredStockSharesAuthorized contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-6E5EB11AE501E389B6D8E7FF29C63E6E" unitRef="shares">10000000</us-gaap:PreferredStockSharesAuthorized>
	<us-gaap:PreferredStockSharesAuthorized contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-BCC9788FDFBF91872D3DE7FF29C6A954" unitRef="shares">10000000</us-gaap:PreferredStockSharesAuthorized>
	<us-gaap:PreferredStockSharesIssued contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-3651942917940A45FC2AE7FF29C64CEA" unitRef="shares">115293</us-gaap:PreferredStockSharesIssued>
	<us-gaap:PreferredStockSharesIssued contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-0C2A766A2FC8FF00B7E4E7FF29C63495" unitRef="shares">115293</us-gaap:PreferredStockSharesIssued>
	<us-gaap:PreferredStockSharesOutstanding contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-171EA8E4B4EF568149E5E7FF29C600F3" unitRef="shares">115293</us-gaap:PreferredStockSharesOutstanding>
	<us-gaap:PreferredStockSharesOutstanding contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="INF" id="Fact-BD894E16C3AD4567DA04E7FF29C6C604" unitRef="shares">115293</us-gaap:PreferredStockSharesOutstanding>
	<us-gaap:ProceedsFromContributionsFromParent contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-340CA886E5234A8EF3E6E7FF293AB3E8" unitRef="usd">28142000</us-gaap:ProceedsFromContributionsFromParent>
	<us-gaap:ProceedsFromContributionsFromParent contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-5BA50BECF39E959162C5E7FF2B0E7CD6" unitRef="usd">50000000</us-gaap:ProceedsFromContributionsFromParent>
	<us-gaap:ProceedsFromContributionsFromParent contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-607022FDB099F31FB8DEE7FF293A6553" unitRef="usd">0</us-gaap:ProceedsFromContributionsFromParent>
	<us-gaap:ProceedsFromContributionsFromParent contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A3F86282279CD70E8063E7FF2B0EB17D" unitRef="usd">0</us-gaap:ProceedsFromContributionsFromParent>
	<us-gaap:ProceedsFromIncomeTaxRefunds contextRef="FD2016Q2QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-25C7936C6E900A809ED0E7FF325E4D62" unitRef="usd">6500000</us-gaap:ProceedsFromIncomeTaxRefunds>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2016Q3YTD" decimals="-3" id="Fact-0CCDED251EC4DC0A01A7E7FF2795A594" unitRef="usd">503500000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E39958D61136EA8BA8D3E7FF293AA9C1" unitRef="usd">321000000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CBE0DEC27CEB5A9FFBFBE7FF2AEFE781" unitRef="usd">60000000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2017Q3YTD" decimals="-3" id="Fact-6921833F807CCA0EC645E7FF27952D34" unitRef="usd">317000000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E035CEB3E38DF603EB57E7FF293A1B08" unitRef="usd">257000000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromIssuanceOfLongTermDebt contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6BA764D9B0ED17C96978E7FF2AEF6BA8" unitRef="usd">60000000</us-gaap:ProceedsFromIssuanceOfLongTermDebt>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A817180D3102A4F70C69E7FF279521F9" unitRef="usd">-2698000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-6B9153879A05E019C8D7E7FF293A6B36" unitRef="usd">-1944000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FEE27593EC4A763CB7F1E7FF2AEFCBD0" unitRef="usd">-775000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-B98FF59B7BDED1EFE241E7FF279569A9" unitRef="usd">-1872000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9483C35A209C218660BFE7FF293AD46D" unitRef="usd">-1000000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPaymentsForOtherFinancingActivities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-F6891F2A296521A66DDFE7FF2AFE8629" unitRef="usd">-874000</us-gaap:ProceedsFromPaymentsForOtherFinancingActivities>
	<us-gaap:ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment contextRef="FD2016Q3YTD" decimals="-3" id="Fact-505C13BCB87EEF4508F0E7FF2775299A" unitRef="usd">15000000</us-gaap:ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment>
	<us-gaap:ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment contextRef="FD2017Q3YTD" decimals="-3" id="Fact-724B2291934165870768E7FF2785A604" unitRef="usd">28770000</us-gaap:ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2016Q3YTD" decimals="-3" id="Fact-1A43180F8573DEBC0F4EE7FF279533F7" unitRef="usd">105300000</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-47CEF6DFB13DF654E8B9E7FF293A3377" unitRef="usd">42400000</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-8F8B892B327C72B789D0E7FF2AFE4D50" unitRef="usd">-59000000</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2017Q3YTD" decimals="-3" id="Fact-9D457314825D7F94B58CE7FF2795F19B" unitRef="usd">-20600000</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-28B2A2ABAC923807F91EE7FF293AE24C" unitRef="usd">-61000000</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfLinesOfCredit contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-DFF6C70A4D6590DC4722E7FF2AEF969A" unitRef="usd">0</us-gaap:ProceedsFromRepaymentsOfLinesOfCredit>
	<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B6D0EA9B5F2F684AE9E3E7FF2AFE69F5" unitRef="usd">-11800000</us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>
	<us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A442D1562A27CAFD264DE7FF2AEF7AF7" unitRef="usd">-4600000</us-gaap:ProceedsFromRepaymentsOfRelatedPartyDebt>
	<us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="FD2016Q3YTD" decimals="-3" id="Fact-15D47CDCADA986753699E7FF27750520" unitRef="usd">280989000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
	<us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-984908E7E91B8AC93E39E7FF2959C62C" unitRef="usd">280989000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
	<us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="FD2017Q3YTD" decimals="-3" id="Fact-96F72897AE7FC034CDE6E7FF2785D4C0" unitRef="usd">456577000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
	<us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9FC4E45CC64BAB3FEFC6E7FF295953C0" unitRef="usd">456577000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
	<us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C8CC35627B44B47CEF3EE7FF2D115942" unitRef="usd">86975000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
	<us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-92511DA196B63DAE3219E7FF2D11A6CA" unitRef="usd">280989000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
	<us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-75FC1A78E281A0298133E7FF2D11510A" unitRef="usd">98532000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
	<us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A8144482B96FC33D57F0E7FF2D11BA04" unitRef="usd">456577000</us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities>
	<us-gaap:ProceedsFromStockOptionsExercised contextRef="FD2016Q3YTD" decimals="-3" id="Fact-211802FDF9F72C5C3417E7FF279581CE" unitRef="usd">6668000</us-gaap:ProceedsFromStockOptionsExercised>
	<us-gaap:ProceedsFromStockOptionsExercised contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A92ABC77D149E67B474AE7FF27952FD6" unitRef="usd">1739000</us-gaap:ProceedsFromStockOptionsExercised>
	<us-gaap:ProfessionalFees contextRef="FD2016Q3QTD_us-gaap_IncomeTaxAuthorityNameAxis_us-gaap_InternalRevenueServiceIRSMember" decimals="-5" id="Fact-46C69C2E84895742BF48E7FF326DDC9E" unitRef="usd">900000</us-gaap:ProfessionalFees>
	<us-gaap:ProfitLoss contextRef="FD2016Q3QTD" decimals="-3" id="Fact-44B4C6CFB707454220B9E7FF272798BC" unitRef="usd">58556000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3D1AE83AB23B3E75D732E7FF288E0EB5" unitRef="usd">44990000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0EBE408C1E183A905F9AE7FF2B7BD74F" unitRef="usd">44990000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B262ACF1EF6307BB3027E7FF2B6B00A7" unitRef="usd">13853000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-8710B37358E5DA06DE78E7FF2B6BE78B" unitRef="usd">-287000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3YTD" decimals="-3" id="Fact-E1813B19244345A28BF2E7FF27276AFA" unitRef="usd">103473000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A279F2EAE3B5D2E3389BE7FF288E914D" unitRef="usd">72342000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-7294FFEC73379A7AA06DE7FF2B6B8386" unitRef="usd">72342000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CCCB467684D41075317EE7FF2B7B13A9" unitRef="usd">31817000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2016Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-AB8A7AB247E515C33DF0E7FF2B7B46B2" unitRef="usd">-686000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3QTD" decimals="-3" id="Fact-5916E3884602CB2BD79DE7FF2737340E" unitRef="usd">78327000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0EFAB7DFD408DB667E67E7FF288EA567" unitRef="usd">65283000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-C7FFBDAFD6FD25481D69E7FF2BB9C6D6" unitRef="usd">65283000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-481153F499A9723861FFE7FF2BB900A2" unitRef="usd">14727000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3QTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-B10C3A594114636C3E2AE7FF2BB9F0E7" unitRef="usd">-1683000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD" decimals="-3" id="Fact-52C607BCF0703B38839BE7FF2727E1C5" unitRef="usd">146004000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-919CA7C17DEEB01F0610E7FF289E7459" unitRef="usd">115869000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-DA57FBCF2FD1F521E80EE7FF2A625D2B" unitRef="usd">0</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" id="Fact-359DC0778F5AE9851AB4E7FF2A622724" unitRef="usd" xsi:nil="true" />
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-DED711BDCB6AFD56A0ADE7FF2A6261B8" unitRef="usd">11452000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-120BE378FC09EA15AE69E7FF2A62071D" unitRef="usd">104417000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-A1C48FD7E3598186CA82E7FF2A62FA9D" unitRef="usd">104417000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A25997DA4AC9F35C554AE7FF2BB991C3" unitRef="usd">115869000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FE47E1072D141A118B25E7FF2BB9F825" unitRef="usd">34535000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" decimals="-3" id="Fact-CB9F59783E5A826148C4E7FF2BB941BF" unitRef="usd">-4400000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-25857244C7743F1B0236E7FF28116B3C" unitRef="usd">11452000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-AB0D0BB655770AC09BF0E7FF2811196A" unitRef="usd">134552000</us-gaap:ProfitLoss>
	<us-gaap:ProfitLoss contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-87FFF7E6BCD8E8D30790E7FF28117830" unitRef="usd">134552000</us-gaap:ProfitLoss>
	<us-gaap:PropertyPlantAndEquipmentAdditions contextRef="D2015Q3July31_dei_LegalEntityAxis_pnm_PNMRDevelopmentMember_us-gaap_PropertyPlantAndEquipmentByTypeAxis_us-gaap_EnergyEquipmentMember" decimals="-5" id="Fact-9F9A80944BEDCC28EF2DE7FF2FAFE52E" unitRef="usd">7600000</us-gaap:PropertyPlantAndEquipmentAdditions>
	<us-gaap:PropertyPlantAndEquipmentNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-96F5717A3ED041105D48E7FF2C463F14" unitRef="usd">66947000</us-gaap:PropertyPlantAndEquipmentNet>
	<us-gaap:PropertyPlantAndEquipmentNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" decimals="-3" id="Fact-0AD8D264B1501534C0AFE7FF2C46E12C" unitRef="usd">64818000</us-gaap:PropertyPlantAndEquipmentNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2016Q4" decimals="-3" id="Fact-80CFC546DAC124EC2801E7FF27C36679" unitRef="usd">3404000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-010F2084851CF320B073E7FF2997CDED" unitRef="usd">96000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-CBC967D2CB2132B19E26E7FF2B0E8ADB" unitRef="usd">2240000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2017Q3" decimals="-3" id="Fact-E8F2EA4634817EDD6AF8E7FF27C3E66F" unitRef="usd">3404000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-28669B0742F5680D6956E7FF2997759E" unitRef="usd">96000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PropertyPlantAndEquipmentOtherNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-349B543D9343C19EFB4DE7FF2B0EE9C1" unitRef="usd">2240000</us-gaap:PropertyPlantAndEquipmentOtherNet>
	<us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount contextRef="D2015Q3September10_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-DE8193F71F2B43467748E7FF324E4EAD" unitRef="usd">7000000</us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount contextRef="D2016Q1March23_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-B66D6E2704B35726221EE7FF324E1C96" unitRef="usd">25800000</us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount contextRef="D2016Q3GRC15_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-23C672D59937BE877783E7FF3135C0AF" unitRef="usd">61200000</us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount contextRef="D2016Q3Sep08_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-A4846B502661A57D0E5CE7FF324EA31C" unitRef="usd">9500000</us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount contextRef="D2017Q1March14_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_TransmissionCostOfServiceRatesMember" decimals="-5" id="Fact-320B38FE4DEC9F069378E7FF324EED76" unitRef="usd">30200000</us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2016Q4" decimals="-3" id="Fact-4C0F2754EE130A63139AE7FF27C37C8F" unitRef="usd">2334938000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-78D7FAFBD0D94BA8DE86E7FF29973EA0" unitRef="usd">1809528000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-23400C8373D54401A1C2E7FF2B0E764F" unitRef="usd">429397000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2017Q3" decimals="-3" id="Fact-7C863E3BBDAA7EEF7024E7FF27C368BE" unitRef="usd">2431695000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-3C1128D2261035302F54E7FF2997A2CD" unitRef="usd">1881371000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-3C5262640019978E088DE7FF2F902331" unitRef="usd">211600000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-44B857C8853D093ED938E7FF2B0ECD52" unitRef="usd">449476000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2016Q4" decimals="-3" id="Fact-232F365899FDD7F776A8E7FF27C34FAF" unitRef="usd">4904715000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-FAE785EF6D6E0402F170E7FF29A70720" unitRef="usd">3794718000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-391A01670B2CC704F99BE7FF2B0EDEFA" unitRef="usd">968165000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2017Q3" decimals="-3" id="Fact-622C72620BCE387EE820E7FF27B4B151" unitRef="usd">5092119000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5997E07D999656EABE08E7FF29978839" unitRef="usd">3894772000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-89A00CDD13EEB252A39CE7FF2B0E15AB" unitRef="usd">1037970000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentNet>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2016Q4" decimals="-3" id="Fact-4484FE0FA70386DC494FE7FF27C3297B" unitRef="usd">6944534000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-37F115AFD3FB61C8C0BFE7FF29976AD2" unitRef="usd">5359211000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A1BAF49E5D53F611505FE7FF2B0EC9DD" unitRef="usd">1380584000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2017Q3" decimals="-3" id="Fact-D39ED039832BA380A3A0E7FF27B45E84" unitRef="usd">7133646000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AC58875E62D3E351ACAEE7FF299780AC" unitRef="usd">5463764000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanGeneratingStationUnits2And3Member" decimals="-5" id="Fact-830A38C9756EA0634C0CE7FF2FAF47CF" unitRef="usd">471800000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-32BD10F426FC0350183AE7FF2B0E7788" unitRef="usd">1433901000</us-gaap:PublicUtilitiesPropertyPlantAndEquipmentPlantInService>
	<us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount contextRef="D2015Q3August27_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-30AB7430E535CF56776CE7FF313588D1" unitRef="usd">123500000</us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount contextRef="D2016Q4December7_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-5" id="Fact-69790D2FA855938FE9DAE7FF31457E5A" unitRef="usd">99200000</us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount contextRef="D2017Q2May23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="-5" id="Fact-87BA873997068BDA44FCE7FF312679BD" unitRef="usd">62300000</us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount contextRef="D2017Q3July19_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_RegulatoryAgencyAxis_pnm_PUCTMember" decimals="-5" id="Fact-B15AB77E286BF2E71817E827F117EFCC" unitRef="usd">27500000</us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount>
	<us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage contextRef="D2015Q3August27_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="3" id="Fact-CA1E8E62E0445F949FEEE7FF31353068" unitRef="Number">0.105</us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage>
	<us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage contextRef="D2016Q4December7_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="5" id="Fact-9CADD0C87FB066BEDF25E7FF3145CD41" unitRef="Number">0.10125</us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage>
	<us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage contextRef="D2017Q2May23_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_RegulatoryAgencyAxis_pnm_NMPRCMember" decimals="INF" id="Fact-FA3655C3E8122DECD1CAE7FF314512D8" unitRef="Number">0.09575</us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2016Q3YTD" decimals="-3" id="Fact-35B1BA4FCA5C1E752978E7FF2C07D151" unitRef="usd">5434000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-96E55970A2652177BE1DE7FF2C079B06" unitRef="usd">6007000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-AA57FBE3F6A9B570D0CFE7FF2C076B8C" unitRef="usd">-4128000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-57CA3BF41C1DB745AEB7E7FF2C073C89" unitRef="usd">10135000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2016Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-11810E3F4528951538E2E7FF2C078730" unitRef="usd">-573000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2017Q3YTD" decimals="-3" id="Fact-1C1081A44C554529F92FE7FF2BE8CFAB" unitRef="usd">5765000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-684CFC306C84BEED8481E7FF2BE80D0F" unitRef="usd">6249000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" decimals="-3" id="Fact-B627B271F05A28B3BF51E7FF2BE810F0" unitRef="usd">-4839000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" decimals="-3" id="Fact-E183D8682C0DD1F935B8E7FF2BE8149D" unitRef="usd">11088000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" decimals="-3" id="Fact-D30B2F11758C2515FAE7E7FF2BE880E5" unitRef="usd">-484000</us-gaap:ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax>
	<us-gaap:RegulatoryAssets contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ClassificationOfMineAxis_pnm_SurfaceMember" decimals="-5" id="Fact-1F35D3AD8F98A9FCFFD3E7FF2F905531" unitRef="usd">100000000</us-gaap:RegulatoryAssets>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-E855645CCC7EC453385EE7FF27C3FBCE" unitRef="usd">3855000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CB54D11666D78AD67B7AE7FF29970C18" unitRef="usd">3442000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-C08F29F17C52EE9E5A55E7FF2B0E306C" unitRef="usd">413000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-09992364D2448C787760E7FF27C31193" unitRef="usd">3424000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-1E6EBD1F884A9FAF0DD6E7FF2997DA75" unitRef="usd">2526000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A16B71633458A7C1D24DE7FF2B1D3647" unitRef="usd">898000</us-gaap:RegulatoryAssetsCurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-E17BC23F45BE14180576E7FF27C36E36" unitRef="usd">501223000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-802FA8F28A6456442CA4E7FF29A71B27" unitRef="usd">365413000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6098EBBE38DB8705FED6E7FF2B0E891F" unitRef="usd">135810000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-198B9395D2F8A68F71A9E7FF27C3C2B3" unitRef="usd">489416000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-82E6604C965337753EBBE7FF29975198" unitRef="usd">349453000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryAssetsNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-DF40177468D53D0FDE89E7FF2B1D3603" unitRef="usd">139963000</us-gaap:RegulatoryAssetsNoncurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-9A41402BEE872667841CE7FF27E31302" unitRef="usd">3609000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-EA1CB2E96F85BDEC3DD0E7FF2988971F" unitRef="usd">3517000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-D86BA5C416CF95F42B78E7FF2B2D7238" unitRef="usd">92000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-71C796B53EB79E1A5635E7FF27E3760E" unitRef="usd">7156000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-CB35B1B520C95FDE252CE7FF2978FBD5" unitRef="usd">7138000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B208F39C5F0837C34097E7FF2B2D5219" unitRef="usd">18000</us-gaap:RegulatoryLiabilityCurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2016Q4" decimals="-3" id="Fact-B3342951F7398F3DE56EE7FF27E3C0D1" unitRef="usd">455649000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-386B9F8E295CF0956548E7FF29889685" unitRef="usd">423701000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AE615729A6A510C9D553E7FF2B2D2BE9" unitRef="usd">31948000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2017Q3" decimals="-3" id="Fact-F27F3519ADF918E52227E7FF27E3E44F" unitRef="usd">456740000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-8146EE7C448182420612E7FF29886878" unitRef="usd">423477000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RegulatoryLiabilityNoncurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4587AB3922688097A963E7FF2B1DD843" unitRef="usd">33263000</us-gaap:RegulatoryLiabilityNoncurrent>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-E451EA9DDE962DA965D9E7FF327DE701" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-1C9622E11E91D40DB98DE7FF327D2103" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember" decimals="-3" id="Fact-CF1D45714B869F56A821E7FF327D3C84" unitRef="usd">38000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-0A5CD423495AAB159828E7FF327DC159" unitRef="usd">3000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-2BAC2481ECB84188CA54E7FF327D505D" unitRef="usd">13000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember" decimals="-3" id="Fact-C6134CE0FDE2D67F8E1BE7FF327D61B2" unitRef="usd">105000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-EB09D2FD7BFD4AD8AEDDE7FF326D552A" unitRef="usd">22189000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-A69DF5E57E79DF7E24C5E7FF327D6506" unitRef="usd">6593000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember" decimals="-3" id="Fact-705B5E5DC441BBB75E00E7FF327D2C40" unitRef="usd">84000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember" decimals="-3" id="Fact-B65EAE6E7850961EDC77E7FF327D7482" unitRef="usd">10000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-EA2657F7839CCD1C1269E7FF326D5422" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-879A23C6DE373AC8B248E7FF327DCA3D" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember" decimals="-3" id="Fact-C725A82A1DE12293ECA3E7FF327D84D5" unitRef="usd">110000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-2BE4678472A24193CB0DE7FF327D4F39" unitRef="usd">8000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-4C2BD9146D08C80490A3E7FF327D5DA5" unitRef="usd">112000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember" decimals="-3" id="Fact-15FCF3FD5816AAC29B41E7FF327DC601" unitRef="usd">347000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-A9A1FE3437FF790005CDE7FF327DD90F" unitRef="usd">67192000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-C7599030F69391A7F31AE7FF326D05B8" unitRef="usd">20881000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember" decimals="-3" id="Fact-049B60164A20D147DA34E7FF327D96B7" unitRef="usd">171000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2016Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember" decimals="-3" id="Fact-3AE0279D2EE1CD506737E7FF327D66C4" unitRef="usd">30000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-7A024244FC9DDCA40391E7FF326DCB6A" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-B23C1124E3E418EFBCC1E7FF327DA242" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember" decimals="-3" id="Fact-49806F778014932D5289E7FF327D99D9" unitRef="usd">71000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-15AB8FA028EB7C7618A9E7FF327D951F" unitRef="usd">3000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-B4EB8EE0EFC4C5EAA06FE7FF327D6DDC" unitRef="usd">66000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember" decimals="-3" id="Fact-A41E8915F054929B0C06E7FF327DB521" unitRef="usd">115000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-9DA8A05A46FE8E5FFFBCE7FF327D99B7" unitRef="usd">23451000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-C932E60D145E107D86B8E7FF327DA822" unitRef="usd">7828000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember" decimals="-3" id="Fact-615CEADCD80979B3B798E7FF327D025B" unitRef="usd">8000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3QTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember" decimals="-3" id="Fact-9E680920AE7D731388FEE7FF327DB8E1" unitRef="usd">35000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-E660FC4D2434DE669FBEE7FF327D09FF" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_IncomeTaxSharingPaymentsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-3AF39A7F6DB7CD652230E7FF327D9B36" unitRef="usd">0</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToPnmrMember" decimals="-3" id="Fact-29988203283D88165FB1E7FF327D1E24" unitRef="usd">163000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-00F64458092DB1DA0780E7FF327D1662" unitRef="usd">14000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_InterestChargesMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-E7400F190ACFD0B1BF64E7FF327DC4F5" unitRef="usd">126000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmToTnmpMember" decimals="-3" id="Fact-94B635FC797715932517E7FF327DC81F" unitRef="usd">302000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToPnmMember" decimals="-3" id="Fact-2937771A00379AAB6FB2E7FF327DA59E" unitRef="usd">71044000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_PnmrToTnmpMember" decimals="-3" id="Fact-2AC357055600C52F2825E7FF327DF08F" unitRef="usd">23771000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TNMPtoPNMMember" decimals="-3" id="Fact-CE64DC71117C22398D61E7FF327D863C" unitRef="usd">154000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="FD2017Q3YTD_pnm_RelatedPartyTransactionByTransactionTypeAxis_pnm_ServiceBillingsMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_pnm_TnmpToPnmrMember" decimals="-3" id="Fact-125DEA3961D7B6EDFD30E7FF326D17E3" unitRef="usd">106000</us-gaap:RelatedPartyTransactionAmountsOfTransaction>
	<us-gaap:RepaymentsOfLongTermDebt contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A52CD5ABBCA09BF3535FE7FF27956A8A" unitRef="usd">288157000</us-gaap:RepaymentsOfLongTermDebt>
	<us-gaap:RepaymentsOfLongTermDebt contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-36B67DE8C529CDB151D7E7FF293AB0DC" unitRef="usd">271000000</us-gaap:RepaymentsOfLongTermDebt>
	<us-gaap:RepaymentsOfLongTermDebt contextRef="FD2017Q3YTD" decimals="-3" id="Fact-1C96488B46A232FE93C8E7FF27955603" unitRef="usd">263323000</us-gaap:RepaymentsOfLongTermDebt>
	<us-gaap:RepaymentsOfLongTermDebt contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-9D80F77E1582DCC50DA5E7FF293AB791" unitRef="usd">232000000</us-gaap:RepaymentsOfLongTermDebt>
	<us-gaap:ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount contextRef="I2016Q2April1_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="2" id="Fact-F939ACDDBA139A85AA9AE7FF329C8D86" unitRef="Number">0.25</us-gaap:ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount>
	<us-gaap:ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount contextRef="I2016Q2April1_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="2" id="Fact-A9035906D9D974C3EFC9E7FF328D0E61" unitRef="Number">0.32</us-gaap:ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount>
	<us-gaap:RestrictedCash contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_UnaffiliatedthirdpartyMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_SanJuanCoalCompanyWestmorelandMember_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_pnm_CoalSupplyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-4BCE2CD3B3F794CE7830E7FF2C2733F7" unitRef="usd">11400000</us-gaap:RestrictedCash>
	<us-gaap:RestrictedCashAndInvestments contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-C55A09B005634F6522B5E7FF2D9D5DBA" unitRef="usd">50500000</us-gaap:RestrictedCashAndInvestments>
	<us-gaap:RestrictedCashAndInvestments contextRef="I2017Q4Oct20_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-2BEA255AFF87A5BB25CDE7FF2D9D3759" unitRef="usd">0</us-gaap:RestrictedCashAndInvestments>
	<us-gaap:RestrictedCashAndInvestments contextRef="I2017Q4Oct20_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember" decimals="-5" id="Fact-09BCD1B741185DFFDDBAE7FF2D9DD916" unitRef="usd">1500000</us-gaap:RestrictedCashAndInvestments>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2016Q4" decimals="-3" id="Fact-CEA56BEDDFA39E3C7C03E7FF27E3345F" unitRef="usd">604742000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-4E4614A8117C75191046E7FF29882AAE" unitRef="usd">225382000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-ADB0A51D61DC1D7B2555E7FF2B2D482E" unitRef="usd">139005000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2017Q3" decimals="-3" id="Fact-F6D23A332BE0E18AD9CEE7FF27E33697" unitRef="usd">691332000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-AE8FDF92DF1C1FF2A284E7FF2988147A" unitRef="usd">329403000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-AAF6D27F0AD86E18C74EE7FF2B1DD220" unitRef="usd">143877000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:ShareBasedCompensation contextRef="FD2016Q3YTD" decimals="-3" id="Fact-16878C73392E5B9ABE99E7FF27855376" unitRef="usd">4401000</us-gaap:ShareBasedCompensation>
	<us-gaap:ShareBasedCompensation contextRef="FD2017Q3YTD" decimals="-3" id="Fact-502F2A430445F21C7A60E7FF278551F7" unitRef="usd">5322000</us-gaap:ShareBasedCompensation>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 contextRef="FD2017Q3YTD" id="Fact-CFAE4B059CEE56E1657FE7FF2D5FE590">P1Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 contextRef="FD2017Q3YTD_us-gaap_PlanNameAxis_pnm_PerformanceEquityPlanMember" id="Fact-C3AB4F2DFB585DF17C86E7FF2D5F7D01">P3Y</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-0CA0D39BDFC4CB023AEFE7FF2D7E4750" unitRef="shares">4012</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-E74EA024FF9005683193E7FF2D8D0C68" unitRef="usdPerShare">29.96</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod contextRef="D2017Q1March3_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" decimals="INF" id="Fact-C88A848A36BA0B4C2722E7FF2D5FCA2B" unitRef="shares">2754</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-E279CC1F81796315EA78E7FF2D8DE229" unitRef="shares">248271</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="D2017Q1March3_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" decimals="2" id="Fact-E52194EEA1C14C5232EDE7FF2D5FAD25" unitRef="usdPerShare">36.30</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-652275A5267831AFD4CCE7FF2D4F8094" unitRef="usdPerShare">26.49</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-B8749C1B97B5AF25938AE7FF2D4F8183" unitRef="usdPerShare">23.06</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber contextRef="FI2016Q4_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-E74152CECFF7FC736D74E7FF2D8DFFB7" unitRef="shares">218316</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-ED45426BD752B2A3E93EE7FF2D8D861C" unitRef="shares">191720</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="FI2016Q4_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-5F69649C6F38D44336C1E7FF2D7E3F24" unitRef="usdPerShare">27.59</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-0FEDA577F5A8111D9CEDE7FF2D8D4380" unitRef="usdPerShare">31.10</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-72F1BA5FE3E37642CF7EE7FF2D8D1CFE" unitRef="shares">270855</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="-3" id="Fact-A0D4527D87B725F05075E7FF2D4F2D0C" unitRef="usd">5011000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="-3" id="Fact-5856E09582050BE0EC37E7FF2D4F3CAE" unitRef="usd">5666000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-4CB67FE4342AFDC105E8E7FF2D7E9443" unitRef="usdPerShare">20.92</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-07E6484426FEA5E484B4E7FF2D5FEF03" unitRef="Number">0.0274</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-8E7B9F46B28564B8DF28E7FF2D5F1609" unitRef="Number">0.0267</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-6F32660C8A8ACDEA1E53E7FF2D5F08C2" unitRef="Number">0.2044</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-CC6BC43D14FC5FC44B36E7FF2D5F8ABA" unitRef="Number">0.2080</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-7BF719F5726BCD4CBEE0E7FF2D5F25B7" unitRef="Number">0.0097</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="FD2016Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" decimals="4" id="Fact-C48F5BFE311C9B20D3A5E7FF2D5F7FC0" unitRef="Number">0.0094</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_MarketBasedSharesMember" decimals="4" id="Fact-7544CEB7F66EB61A1869E7FF2D5F83B9" unitRef="Number">0.0154</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_pnm_RestrictedStockAndPerformanceSharesMember" decimals="4" id="Fact-F1A3DD7143DAC0992B43E7FF2D5FCBC9" unitRef="Number">0.0150</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="FI2012Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" decimals="INF" id="Fact-71D5180915855D488EDAE7FF2D6E3682" unitRef="shares">135000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="FI2015Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" decimals="INF" id="Fact-1D104EB61AEC279AF747E7FF2D5FF77B" unitRef="shares">17953</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="FI2015Q1_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" decimals="INF" id="Fact-9C56FEAFB613E2E0706BE7FF2D5F061C" unitRef="shares">53859</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="FI2015Q4_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" decimals="INF" id="Fact-6B7ABC138528940006CDE7FF2D5FE7D4" unitRef="shares">35000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="I2017Q1February28_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" decimals="INF" id="Fact-9F8241314E4C64FA8008E7FF2D5F4E0D" unitRef="shares">100000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant contextRef="I2017Q1February28_pnm_AchievedspecifiedperformancetargettimeframeAxis_pnm_Achievedperformancetargetfor2015and2016Member_us-gaap_StatementClassOfStockAxis_us-gaap_CommonStockMember_us-gaap_TitleOfIndividualAxis_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" decimals="INF" id="Fact-6B5F53F789AB3B6C0595E7FF2D5FDC94" unitRef="shares">100000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="FD2016Q3YTD" decimals="-3" id="Fact-81A66EE7813E858A594DE7FF2D4FB53E" unitRef="usd">1208000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="FD2017Q3YTD" decimals="-3" id="Fact-A7CD0B2B81A877DA5873E7FF2D4F1C1D" unitRef="usd">2234000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod contextRef="FD2017Q3YTD" decimals="INF" id="Fact-DE524E313FBC74FE107EE7FF2D7E6D1D" unitRef="shares">3000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="INF" id="Fact-042955ADBCE157940A7FE7FF2D8D1A36" unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod contextRef="FD2017Q3YTD" decimals="INF" id="Fact-D61B65851BAF93EB89E6E7FF2D8D1AF0" unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod contextRef="FD2017Q3YTD" decimals="INF" id="Fact-59831D4A92A4319BC402E7FF2D7E4550" unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="FD2017Q3YTD" decimals="INF" id="Fact-270CEA42CEB0D116528AE7FF2D5F3506" unitRef="shares">0</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="FD2016Q3YTD" decimals="2" id="Fact-C761F2239E27D963A493E7FF2D4FCB7F" unitRef="usdPerShare">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="FD2017Q3YTD" decimals="2" id="Fact-74D01E9BC6423CEB74DEE7FF2D4FD566" unitRef="usdPerShare">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="FI2017Q3_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" decimals="-5" id="Fact-B866B226F306CA88F584E7FF2D5FCB69" unitRef="usd">5900000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="FI2016Q4" decimals="INF" id="Fact-E3FBA33252323D1D5A0EE7FF2D7E181C" unitRef="shares">305874</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="FI2017Q3" decimals="INF" id="Fact-F50F3A0A84D19CE48A47E7FF2D7E3A17" unitRef="shares">193441</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="FI2016Q4" decimals="2" id="Fact-6533198AA3D333628DB8E7FF2D7EED54" unitRef="usdPerShare">12.29</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="FI2017Q3" decimals="2" id="Fact-65B8013F3BB88CE43F21E7FF2D8DFCCD" unitRef="usdPerShare">9.98</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="FD2017Q3YTD" decimals="2" id="Fact-AB5608FADEFFDAF6569AE7FF2D8D6F51" unitRef="usdPerShare">15.89</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice contextRef="FD2017Q3YTD" decimals="2" id="Fact-C33E43739488979C738DE7FF2D7E456A" unitRef="usdPerShare">30.50</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_RestrictedStockMember" decimals="2" id="Fact-EA363CB8717B82A9A8CAE7FF2D7E4185" unitRef="usdPerShare">0.00</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice contextRef="FD2017Q3YTD" decimals="2" id="Fact-DDF84DD527F77130DDB5E7FF2D8D47A3" unitRef="usdPerShare">0.00</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
	<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="FD2017Q3YTD" decimals="2" id="Fact-8BFB846BAB3FAC1E6F72E7FF2D7EADBD" unitRef="usdPerShare">0.00</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
	<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="FD2017Q3YTD_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" id="Fact-512CF3D14600B6D0ECFFE7FF2D5FB8BF">P1Y9M18D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4" decimals="-3" id="Fact-72F839238A9740F3C955E7FF27E3414B" unitRef="usd">287100000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-01485DB13252EB7F9398E7FF2988367F" unitRef="usd">61000000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember" decimals="-3" id="Fact-DBCA90A84A74BC3CF114E7FF2E0A00B9" unitRef="usd">26000000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-5057BFFEE9DA78DAC6F7E7FF2E0AF95F" unitRef="usd">35000000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-AD98A6F78995ADB91322E7FF2E0ADD54" unitRef="usd">0</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember" decimals="-3" id="Fact-53600A6D67328FEC07FDE7FF2E0A925A" unitRef="usd">100000000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2016Q4_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-8E7836EBB9C0388AE054E7FF2E0A31CD" unitRef="usd">126100000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3" decimals="-3" id="Fact-7F09F521F432C0D9454DE7FF27E396B0" unitRef="usd">266500000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-33C140333D1E5D6E8B10E7FF2978A4C0" unitRef="usd">0</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_LocalLinesOfCreditMember" decimals="-3" id="Fact-B71F5244E11D069E8B80E7FF2E0A3A67" unitRef="usd">0</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-C8971CD907D2BAD32A9BE7FF2E0AC9D8" unitRef="usd">0</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-4C2B9A77A99BC341687AE7FF2E0AB19F" unitRef="usd">0</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember" decimals="-3" id="Fact-5B8548F9873A848E13F7E7FF2E0A2EB6" unitRef="usd">100000000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermBorrowings contextRef="FI2017Q3_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" decimals="-3" id="Fact-9EA4272AA37BB9A272C2E7FF2E0A4BFF" unitRef="usd">166500000</us-gaap:ShortTermBorrowings>
	<us-gaap:ShortTermDebtWeightedAverageInterestRate contextRef="FI2017Q3_us-gaap_ConsolidatedEntitiesAxis_us-gaap_ParentCompanyMember_us-gaap_CreditFacilityAxis_pnm_PNMRRevolvingCreditFacilityMember" decimals="4" id="Fact-693E08B307891267CAB3E7FF2D9DF357" unitRef="Number">0.0249</us-gaap:ShortTermDebtWeightedAverageInterestRate>
	<us-gaap:ShortTermDebtWeightedAverageInterestRate contextRef="FI2017Q3_us-gaap_DebtInstrumentAxis_pnm_PNMR2016OneYearTermLoanMember" decimals="4" id="Fact-7017619E4EE9931E663FE7FF2D9D8CBF" unitRef="Number">0.0209</us-gaap:ShortTermDebtWeightedAverageInterestRate>
	<us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="FD2017Q3YTD" decimals="INF" id="Fact-E51309B115AA7BC68774E7FF2D8DD57B" unitRef="shares">109433</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
	<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="FD2017Q3YTD" decimals="-3" id="Fact-ACCA62DF8FBFE8CB8F44E7FF28118920" unitRef="usd">1739000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
	<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-BCEF0A5DB8FB3661FC3EE7FF28119D0A" unitRef="usd">1739000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
	<us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-CC72DE20F2579A5FB32AE7FF28119FE3" unitRef="usd">1739000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
	<us-gaap:StockRepurchasedDuringPeriodValue contextRef="FD2017Q3YTD" decimals="-3" id="Fact-C3920ED4BAF60587181FE7FF28116385" unitRef="usd">13816000</us-gaap:StockRepurchasedDuringPeriodValue>
	<us-gaap:StockRepurchasedDuringPeriodValue contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-42C2158907803432F618E7FF2821F6A5" unitRef="usd">13816000</us-gaap:StockRepurchasedDuringPeriodValue>
	<us-gaap:StockRepurchasedDuringPeriodValue contextRef="FD2017Q3YTD_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-356031BF5AA672FC1AE8E7FF28112E71" unitRef="usd">13816000</us-gaap:StockRepurchasedDuringPeriodValue>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4" decimals="-3" id="Fact-9437C2D0037345E6A014E7FF27D33ECA" unitRef="usd">1675952000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-22B0808B4EB55BFCA68BE7FF2978E9EA" unitRef="usd">1397872000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A4049F72F7C058356804E7FF2B2D97BB" unitRef="usd">593235000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact-182A7D715F79302AAC2DE7FF2B3DFEB6" unitRef="usd">454166000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-5BD88938B7E8075EEA35E7FF2B3DAFD2" unitRef="usd">64000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-2952D5A8739428B6A737E7FF2B3D213B" unitRef="usd">139005000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3" decimals="-3" id="Fact-C6B28FE0369419199A34E7FF27E31AC7" unitRef="usd">1765737000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-55CBBB3828335AB6F705E7FF29786338" unitRef="usd">1511716000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EA5026CD4CAB3234099DE7FF2B2DE355" unitRef="usd">598107000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" decimals="-3" id="Fact-A8514641E7FA0FB48A35E7FF2B3D3077" unitRef="usd">454166000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-C0747E44A3C2B2E74DE5E7FF2B3D71C2" unitRef="usd">64000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquity contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-1407CEDB707D25A7DD91E7FF2B3D0C12" unitRef="usd">143877000</us-gaap:StockholdersEquity>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4" decimals="-3" id="Fact-861D71AAC61483515764E7FF27E31F7F" unitRef="usd">1744872000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-38FE8A6CD7DEA07F0417E7FF2988A58B" unitRef="usd">1466792000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-A3C0F6C7D588A24C3402E7FF2A6237C1" unitRef="usd">-92428000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-EA506F03C16EABF50B73E7FF2A62DAB3" unitRef="usd">1264918000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-81899171178B060E5E2EE7FF2A621463" unitRef="usd">68920000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-3013B61F2D15481279B6E7FF2A620CAF" unitRef="usd">1397872000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-86CF269291D296A18AA8E7FF2A62352D" unitRef="usd">225382000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-0E548755845DCA827245E7FF28116B65" unitRef="usd">-92451000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-C756CA942BAA1EC6AFFDE7FF28118F12" unitRef="usd">1163661000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-C12BB7B69527DF2AF433E7FF28110E9A" unitRef="usd">68920000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-7AFBDDC63632D78BC8ADE7FF28215475" unitRef="usd">1675952000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-F28526155FAB2F420316E7FF28111387" unitRef="usd">604742000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3" decimals="-3" id="Fact-C14F4C24B56C6F944FDFE7FF27D3B684" unitRef="usd">1833146000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E9DF976D9B8EA62A0840E7FF29882D97" unitRef="usd">1579125000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-61067D26154AAB371011E7FF2A62B73E" unitRef="usd">-82605000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-B64D0A36F36401F78703E7FF2A623937" unitRef="usd">1264918000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-A98696CC721F8A2FADD9E7FF2A620301" unitRef="usd">67409000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-12C509D0741C80C0B9CCE7FF2A62F0B8" unitRef="usd">1511716000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-0CE6AA28FE367A814123E7FF2A620DD9" unitRef="usd">329403000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-31715BEAA7BB904DC298E7FF28114C14" unitRef="usd">-82501000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-104F48E84F2A93D16893E7FF282193D7" unitRef="usd">1156906000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-CE5AEED5B6355CD36FA8E7FF28216E42" unitRef="usd">67409000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-A8442AF74CD2A95CF088E7FF28116847" unitRef="usd">1765737000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest contextRef="FI2017Q3_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-A909B58E9B12F26EB866E7FF281120A7" unitRef="usd">691332000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4" decimals="-3" id="Fact-05EEB0CC4315A972EAD5E7FF2821C252" unitRef="usd">1755254000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" decimals="-3" id="Fact-022F8BF08D856098E27EE7FF2811AAA6" unitRef="usd">-92451000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" decimals="-3" id="Fact-549CE64601C6E98AB0DBE7FF2821EB62" unitRef="usd">1163661000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" decimals="-3" id="Fact-B5DE95AAF1FB2AABB790E7FF28112677" unitRef="usd">68920000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" decimals="-3" id="Fact-8B1AA8A507EB780739C2E7FF28117AFE" unitRef="usd">1686334000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 contextRef="FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" decimals="-3" id="Fact-780964DD0D6AB03FCD49E7FF2811B02B" unitRef="usd">615124000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1>
	<us-gaap:TaxAdjustmentsSettlementsAndUnusualProvisions contextRef="D2016Q3SeptDiv_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_pnm_ScheduleOfRegulatoryRateMattersAxis_pnm_A2015ElectricRateCaseMember" decimals="-5" id="Fact-7530525613F50C9C6C67E7FF31452369" unitRef="usd">2100000</us-gaap:TaxAdjustmentsSettlementsAndUnusualProvisions>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2016Q4" decimals="-3" id="Fact-A596275C418AC20E9D75E7FF27C37CDE" unitRef="usd">58284000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-62166310766339138353E7FF29976C08" unitRef="usd">48289000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2016Q4_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-A7F449FAFF2D5D0F4C5BE7FF2B0E4FFE" unitRef="usd">9995000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2017Q3" decimals="-3" id="Fact-AE32819B05B6874362E3E7FF27C3979D" unitRef="usd">57241000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A6482BAC6B7A1CA20398E7FF2997465F" unitRef="usd">45800000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnbilledReceivablesCurrent contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6E5D7FA4AE68E68DF795E7FF2B0E10BA" unitRef="usd">11441000</us-gaap:UnbilledReceivablesCurrent>
	<us-gaap:UnrealizedGainLossOnDerivatives contextRef="FD2016Q3YTD" decimals="-3" id="Fact-A0A4FE650E8F0215B296E7FF277535FC" unitRef="usd">-2179000</us-gaap:UnrealizedGainLossOnDerivatives>
	<us-gaap:UnrealizedGainLossOnDerivatives contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-5B52FCF97BE890E26605E7FF29595C76" unitRef="usd">-2179000</us-gaap:UnrealizedGainLossOnDerivatives>
	<us-gaap:UnrealizedGainLossOnDerivatives contextRef="FD2017Q3YTD" decimals="-3" id="Fact-DDF46F0E032E1F5115ABE7FF27751A5D" unitRef="usd">-968000</us-gaap:UnrealizedGainLossOnDerivatives>
	<us-gaap:UnrealizedGainLossOnDerivatives contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-04B896020B0E4E2A50F1E7FF29598AA6" unitRef="usd">-968000</us-gaap:UnrealizedGainLossOnDerivatives>
	<us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss contextRef="FD2016Q4YTD_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-5" id="Fact-F7030B9303215924D882CE303B00180F" unitRef="usd">-100000</us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss>
	<us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss contextRef="FD2017Q3YTD_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractThreeMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-5" id="Fact-96103EF79A5F9499E18DCE6DF692BDCF" unitRef="usd">100000</us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss>
	<us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss contextRef="FD2017Q3YTD_us-gaap_DerivativeInstrumentRiskAxis_pnm_InterestRateContractsContractOneandContractTwoMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-5" id="Fact-3277BF821FA3A65B3123CE6E51130F07" unitRef="usd">-500000</us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss>
	<us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss contextRef="FD2017Q3YTD_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member" decimals="-5" id="Fact-FBD3AD3F15731EDDE958CE2FD5D79229" unitRef="usd">300000</us-gaap:UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss>
	<us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount contextRef="FI2017Q2_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_JointlyOwnedUtilityPlantAxis_pnm_FourCornersMember" decimals="-5" id="Fact-9BD43A1C5C2C5A4BA60FE7FF2F90425B" unitRef="usd">6500000</us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount>
	<us-gaap:UnsecuredLongTermDebt contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="INF" id="Fact-EC8C152FAA2E68859215E7FF2D9DA7AD" unitRef="usd">100000000.0</us-gaap:UnsecuredLongTermDebt>
	<us-gaap:UnsecuredLongTermDebt contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="INF" id="Fact-E71B22AB6756BCC04861E7FF2D9D5ED3" unitRef="usd">450000000</us-gaap:UnsecuredLongTermDebt>
	<us-gaap:UnsecuredLongTermDebt contextRef="FI2017Q3_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember_us-gaap_DebtInstrumentAxis_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" decimals="INF" id="Fact-ED55D14E7826AE24EF4CE7FF2D9DC6E8" unitRef="usd">450000000.0</us-gaap:UnsecuredLongTermDebt>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3QTD" decimals="-3" id="Fact-B8EBA7FA67328057EF1AE7FF27276ABB" unitRef="usd">292303000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-943CCC9A9588F23CA819E7FF289E5CD8" unitRef="usd">231219000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-81F32F3EE72992E18AFEE7FF2AB0DD5B" unitRef="usd">60739000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3YTD" decimals="-3" id="Fact-9C9C32FEAAD6694F62E1E7FF2727AA41" unitRef="usd">812327000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-A4DCA22E17D3DC5668D8E7FF289E7429" unitRef="usd">635115000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-EBB787FDB1A1287E3FC2E7FF2AB09042" unitRef="usd">176210000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3QTD" decimals="-3" id="Fact-9602D06ADE32B2EC60E3E7FF271892AB" unitRef="usd">277416000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-BD372D03125DD101C8DDE7FF288E26B8" unitRef="usd">214002000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-02BB47FB75B05FCF87CCE7FF2AB02CBB" unitRef="usd">63172000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3YTD" decimals="-3" id="Fact-3479A155F60841B97D62E7FF27183F19" unitRef="usd">828849000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E9B1AA638CA5DFD0E593E7FF288E2DEC" unitRef="usd">644163000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpense contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-FA4DBE8D9DE291039906E7FF2AB0C6EF" unitRef="usd">183763000</us-gaap:UtilitiesOperatingExpense>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3QTD" decimals="-3" id="Fact-E48A048028BFC8B5C16FE7FF27371468" unitRef="usd">19611000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-E336A7909FD2663E32CEE7FF288E2C27" unitRef="usd">10750000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-6DF0B37ECFFEB2CBF904E7FF2AB03459" unitRef="usd">7851000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3YTD" decimals="-3" id="Fact-6980EA37CADC3EC215D7E7FF27376C9E" unitRef="usd">57598000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-08F73F5148385415BC1BE7FF288E88A7" unitRef="usd">33289000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2016Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-B74A781B38798DAF59B3E7FF2AB0B7BF" unitRef="usd">20849000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3QTD" decimals="-3" id="Fact-34827FD86282576C082DE7FF27277765" unitRef="usd">19808000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-118E6900BA88B4CD00D1E7FF288E7CAD" unitRef="usd">10668000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3QTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-E5E9B9327C268D7A5F76E7FF2AB022DE" unitRef="usd">8008000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3YTD" decimals="-3" id="Fact-E401CBD24ADE32BAFC4FE7FF2727C01D" unitRef="usd">57820000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_PublicServiceCompanyOfNewMexicoMember" decimals="-3" id="Fact-0E8D1463F9B29173A785E7FF288ED34F" unitRef="usd">32837000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:UtilitiesOperatingExpenseTaxes contextRef="FD2017Q3YTD_dei_LegalEntityAxis_pnm_TexasNewMexicoPowerCompanyMember" decimals="-3" id="Fact-4510906DBBD5B1E70673E7FF2AB041DD" unitRef="usd">21778000</us-gaap:UtilitiesOperatingExpenseTaxes>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="FD2016Q3QTD" decimals="-3" id="Fact-21060B193BCA310BAF00E7FF2B5C96FB" unitRef="shares">80117000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="FD2016Q3YTD" decimals="-3" id="Fact-04D68B839C0B54A6A5BCE7FF2B5C23FE" unitRef="shares">80130000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="FD2017Q3QTD" decimals="-3" id="Fact-879EEC4CDBEF78E0B158E7FF2B5C1992" unitRef="shares">80154000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="FD2017Q3YTD" decimals="-3" id="Fact-980CFE0000EA1DA4E95DE7FF2B5C0436" unitRef="shares">80132000</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:WeightedAverageNumberOfSharesIssuedBasic contextRef="FD2016Q3QTD" decimals="-3" id="Fact-03CF6B83E37D0B5BFC03E7FF2B5C0487" unitRef="shares">79654000</us-gaap:WeightedAverageNumberOfSharesIssuedBasic>
	<us-gaap:WeightedAverageNumberOfSharesIssuedBasic contextRef="FD2016Q3YTD" decimals="-3" id="Fact-C062B8D20F018CC09CE2E7FF2B5C77EE" unitRef="shares">79654000</us-gaap:WeightedAverageNumberOfSharesIssuedBasic>
	<us-gaap:WeightedAverageNumberOfSharesIssuedBasic contextRef="FD2017Q3QTD" decimals="-3" id="Fact-D96E4EEF710A0C2B4B86E7FF2B5C9481" unitRef="shares">79654000</us-gaap:WeightedAverageNumberOfSharesIssuedBasic>
	<us-gaap:WeightedAverageNumberOfSharesIssuedBasic contextRef="FD2017Q3YTD" decimals="-3" id="Fact-7AD825FE67C198C13348E7FF2B5C4A62" unitRef="shares">79654000</us-gaap:WeightedAverageNumberOfSharesIssuedBasic>
	<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="FD2016Q3QTD" decimals="-3" id="Fact-E94F3EF02B09FF4A8838E7FF2B5CBE6F" unitRef="shares">79750000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
	<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="FD2016Q3YTD" decimals="-3" id="Fact-D573473209BC92F86077E7FF2B5CB9F6" unitRef="shares">79753000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
	<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="FD2017Q3QTD" decimals="-3" id="Fact-AFB9879F8E571C74AE0FE7FF2B5CCDD4" unitRef="shares">79938000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
	<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="FD2017Q3YTD" decimals="-3" id="Fact-C61E83B97AF17279D5D9E7FF2B5CD74A" unitRef="shares">79869000</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
	<us-gaap:WeightedAverageNumberOfSharesRestrictedStock contextRef="FD2016Q3QTD" decimals="-3" id="Fact-6B1836BBE37EBF76FAB8E7FF2B5C5388" unitRef="shares">96000</us-gaap:WeightedAverageNumberOfSharesRestrictedStock>
	<us-gaap:WeightedAverageNumberOfSharesRestrictedStock contextRef="FD2016Q3YTD" decimals="-3" id="Fact-105A999EF91F05A0D031E7FF2B5C6629" unitRef="shares">99000</us-gaap:WeightedAverageNumberOfSharesRestrictedStock>
	<us-gaap:WeightedAverageNumberOfSharesRestrictedStock contextRef="FD2017Q3QTD" decimals="-3" id="Fact-22253F6EE44659096D7DE7FF2B5C8C27" unitRef="shares">284000</us-gaap:WeightedAverageNumberOfSharesRestrictedStock>
	<us-gaap:WeightedAverageNumberOfSharesRestrictedStock contextRef="FD2017Q3YTD" decimals="-3" id="Fact-EA60EA0226355F709CF0E7FF2B5C80BA" unitRef="shares">215000</us-gaap:WeightedAverageNumberOfSharesRestrictedStock>
	<pnm:RegulatoryAndRateMattersTextBlock contextRef="FD2017Q3YTD" id="Fact-96FEC53952C2F4D39B11E7FF3145C4B0">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Regulatory and Rate Matters&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company is involved in various regulatory matters, some of which contain contingencies that are subject to the same uncertainties as those described in Note 11.  Additional information concerning regulatory and rate matters is contained in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;New Mexico General Rate Cases&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;New Mexico 2015 General Rate Case&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (&amp;#8220;NM 2015 Rate Case&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 27, 2015, PNM filed an application with the NMPRC for a general increase in retail electric rates.  The application proposed a revenue increase of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$123.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, including base non-fuel revenues of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$121.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  PNM&amp;#8217;s application was based on a future test year (&amp;#8220;FTY&amp;#8221;) period beginning October 1, 2015 and proposed a ROE of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10.5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The primary drivers of PNM&amp;#8217;s identified revenue deficiency were the cost of infrastructure investments, including depreciation expense based on an updated depreciation study, and a decline in energy sales as a result of PNM&amp;#8217;s successful energy efficiency programs and economic factors.  The application included several proposed changes in rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation.  Specific rate design proposals included higher customer and demand charges, a revenue decoupling pilot program applicable to residential and small commercial customers, a re-allocation of revenue among PNM&amp;#8217;s customer classes, a new economic development rate, and continuation of PNM&amp;#8217;s renewable energy rider.  PNM requested that the proposed new rates become effective beginning in July 2016.  On March 2, 2016, the NMPRC required PNM to file supplemental testimony regarding the treatment of renewable energy in PNM&amp;#8217;s FPPAC.  See Renewable Portfolio Standard below.  A public hearing on the proposed new rates was held in April 2016.  Subsequent to this hearing, the NMPRC ordered PNM to file additional testimony regarding PNM&amp;#8217;s interests in PVNGS, including the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PVNGS Unit 2 that PNM repurchased in January 2016, pursuant to the terms of the initial sales-leaseback transactions (Note 6).  A subsequent public hearing was held in June 2016.  After the June hearing, PNM and other parties were ordered to file supplemental briefs and to provide final recommended revenue requirements that incorporated fuel savings that PNM implemented effective January 1, 2016 from PNM&amp;#8217;s SJGS coal supply agreement (&amp;#8220;CSA&amp;#8221;).&amp;#160; PNM&amp;#8217;s filing indicated that recovery for fuel related costs would be reduced by approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$42.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; reflecting the current CSA (Note 11), which also reduced the request for base non-fuel related revenues by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$121.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 4, 2016, the Hearing Examiner in the case issued a recommended decision (&amp;#8220;RD&amp;#8221;).&amp;#160; The RD proposed an increase in non-fuel revenues of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$41.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; compared to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$121.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; increase requested by PNM.  Major components of the difference in the increase in non-fuel revenues proposed in the RD, included:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A ROE of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.575%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; compared to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10.5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; requested by PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowing recovery of the entire &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$163.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; purchase price for the January 15, 2016 purchases of the assets underlying &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases of portions of PVNGS Unit 2 (Note 6); the RD proposed that power from the previously leased assets, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expenses (other than property taxes, which were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per year at that time), but the customers would not bear any capital or depreciation costs other than those related to improvements made after the date of the original leases&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowing recovery from retail customers of the rent expense, which aggregates &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$18.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per year, under the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases of capacity in PVNGS Unit 1 that were extended for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;eight&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years beginning January 15, 2015 and the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; lease of capacity in PVNGS Unit 2 that was extended for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;eight&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years beginning January 15, 2016 (Note 6) and related property taxes, which were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per year at that time; the RD proposed that power from the leased assets, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expense, except that customers would not bear rental costs or property taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowing recovery of the costs of converting SJGS Units 1 and 4 to BDT, which is required by the NSR permit for SJGS, (Note 11);  PNM&amp;#8217;s share of the costs of installing the BDT equipment was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$52.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of which &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$40.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was included in rate base in PNM&amp;#8217;s rate request&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowing recovery of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of amounts recorded as regulatory assets and deferred charges &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The RD recommended that the NMPRC find PNM was imprudent in the actions taken to purchase the previously leased &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity in PVNGS Unit 2, extending the leases for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity of PVNGS Units 1 and 2, and installing the BDT equipment on SJGS Units 1 and 4.  The RD also proposed that all fuel costs be removed from base rates and be recovered through the FPPAC.  The RD would credit retail customers with &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the New Mexico jurisdictional portion of revenues from &amp;#8220;refined coal&amp;#8221; (a third-party pre-treatment process) at SJGS.  In addition, the RD would remove recovery of the costs of power obtained from New Mexico Wind from the FPPAC and include recovery of those costs through PNM&amp;#8217;s renewable energy rider discussed below.  The RD recommended continuation of the renewable energy rider and certain aspects of PNM&amp;#8217;s proposals regarding rate design, but would not approve certain other rate design proposals or PNM&amp;#8217;s request for a revenue decoupling pilot program.  The RD proposed approving PNM&amp;#8217;s proposals for revised depreciation rates (except for requiring depreciation on Four Corners be calculated based on a 2041 life rather than the 2031 life proposed by PNM), the inclusion of construction work in progress in rate base, and ratemaking treatment of the &amp;#8220;prepaid pension asset.&amp;#8221;  The RD did not preclude PNM from supporting the prudence of the PVNGS purchases and lease renewals in its next general rate case and seeking recovery of those costs.  PNM disagreed with many of the key conclusions reached by the Hearing Examiner in the RD and filed exceptions to defend its prudent utility investments.  Other parties also filed exceptions to the RD.&amp;#160;&amp;#160; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC issued an order on September 28, 2016 that authorized PNM to implement an increase in non-fuel rates of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$61.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, effective for bills sent to customers after September 30, 2016.  The order generally approved the RD, but with certain significant modifications.  The modifications to the RD included:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Inclusion of the January 2016 purchase of the assets underlying &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases of capacity, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW, of PVNGS Unit 2 at an initial rate base value of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$83.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;; and disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW was being leased by PNM, which aggregated &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$43.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; when the order was issued &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Full recovery of the rent expense and property taxes associated with the extended leases for capacity, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW, in Palo Verde Units 1 and 2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowance of the recovery of any future contributions for PVNGS decommissioning costs related to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity purchased in January 2016 and the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity under the extended leases&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Recovery of assumed operating and maintenance expense savings of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; annually related to BDT &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On September 30, 2016, PNM filed a notice of appeal with the NM Supreme Court regarding the order in the NM 2015 Rate Case.  Subsequently, NEE, NMIEC, and ABCWUA filed notices of cross-appeal to PNM&amp;#8217;s appeal.  On October 26, 2016, PNM filed a statement of issues related to its appeal with the NM Supreme Court, which stated PNM is appealing the NMPRC&amp;#8217;s determination that PNM was imprudent in the actions taken to purchase the previously leased &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity in PVNGS Unit 2, extending the leases for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity of PVNGS Units 1 and 2, and installing BDT equipment on SJGS Units 1 and 4.  Specifically, PNM&amp;#8217;s statement indicated it is appealing the following elements of the NMPRC&amp;#8217;s order:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowance of recovery of the full purchase price, representing fair market value, of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity in PVNGS Unit 2 purchased in January 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity was leased by PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowance of recovery of future contributions for PVNGS decommissioning attributable to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of purchased capacity and the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity under the extended leases&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Disallowance of recovery of the costs of converting SJGS Units 1 and 4 to BDT&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The issues that are being appealed by the various cross-appellants include:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC allowing PNM to recover the costs of the lease extensions for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PVNGS Units 1 and 2 and any of the purchase price for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW in PVNGS Unit 2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC allowing PNM to recover the costs incurred under the new coal supply contract for Four Corners&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The revised method to collect PNM&amp;#8217;s fuel and purchased power costs under the FPPAC &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The final rate design &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC allowing PNM to include the &amp;#8220;prepaid pension asset&amp;#8221; in rate base&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;NEE subsequently filed a motion for a partial stay of the order at the NM Supreme Court.  This motion was denied.  The NM Supreme Court stated that the court&amp;#8217;s intent was to request that PNM reimburse ratepayers for any amount overcharged should the cross-appellants prevail on the merits.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On February 17, 2017, PNM filed its Brief in Chief, and pursuant to the court&amp;#8217;s rules, the briefing schedule was completed on July 21, 2017.  Oral argument at the NM Supreme Court is scheduled for October 30, 2017.  Although appeals of regulatory actions of the NMPRC have a priority at the NM Supreme Court under New Mexico law, there is no required time frame for the court to act on the appeals.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP requires that a loss is to be recognized when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated.  When there is a range of the amount of the probable loss, the minimum amount of the range is to be accrued unless an amount within the range is a better estimate than any other amount.  PNM evaluated the accounting consequences of the order in the NM 2015 Rate Case and the likelihood of being successful on the issues it is appealing in the NM Supreme Court as required under GAAP.  The evaluation indicates it is reasonably possible that PNM will be successful on the issues it is appealing.  If the NM Supreme Court rules in PNM&amp;#8217;s favor on some or all of the issues, those issues would be remanded back to the NMPRC for further action.  PNM continues to estimate that it will take a minimum of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months, from the date PNM filed its appeal, for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues.  During such time, the rates specified in the order will remain in effect.  PNM has concluded that a range of probable loss resulted from the NMPRC order in the NM 2015 Rate Case; that the minimum amount of loss continues to be &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months of capital cost recovery, which the order disallowed for PNM&amp;#8217;s investments in the PVNGS Unit 2 purchases, PVNGS Unit 2 capitalized improvements, and BDT; and that no amount within the range of possible loss is a better estimate than any other amount.  Accordingly, PNM recorded a pre-tax regulatory disallowance of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$6.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in September 2016 for the capital costs that will not be covered during that &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; month appeal period.  In addition, PNM recorded a pre-tax regulatory disallowance for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of costs recorded as regulatory assets and deferred charges (which the order disallowed and which PNM did not challenge in its appeal) since PNM can no longer assert that those assets are probable of being recovered through the ratemaking process.  Additional losses will be recorded if the currently estimated &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; month time frame for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues is extended.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC&amp;#8217;s order approved PNM&amp;#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&amp;#8217;s New Mexico net operating loss carryforward resulting from an extension of the income tax provision for fifty percent bonus depreciation.  The impact, net of federal income taxes, amounting to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was reflected as a reduction of income tax expense in September 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM continues to believe that the disallowed investments, which are the subject of PNM&amp;#8217;s appeal, were prudently incurred and that PNM is entitled to full recovery of those investments through the ratemaking process.  Although PNM believes it is reasonably possible that its appeals will be successful, it cannot predict what decision the NM Supreme Court will reach or what further actions the NMPRC will take on any issues remanded to it by the court.  If PNM&amp;#8217;s appeal is unsuccessful, PNM would record further pre-tax losses related to the capitalized costs for any unsuccessful issues.  The impacts of not recovering future contributions for decommissioning would be recorded in future periods.  The amounts of any such losses to be recorded would depend on the ultimate outcome of the appeal and NMPRC process, as well as the actual amounts reflected on PNM books at the time of the resolution.  However, based on the book values recorded by PNM as of September 30, 2017, such losses could include:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The remaining costs to acquire the assets previously leased under &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PVNGS Unit 2 capacity in excess of the recovery permitted under the NMPRC&amp;#8217;s order; the net book value of such excess amount was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$76.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, after considering the loss recorded in 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The undepreciated costs of capitalized improvements made during the period the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity in PVNGS Unit 2 purchased by PNM in January 2016 was being leased by PNM; the net book value of these improvements was $&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, after considering the loss recorded in 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The remaining costs to convert SJGS Units 1 and 4 to BDT; the net book value of these assets was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, after considering the loss recorded in 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Also, PNM has evaluated the accounting consequences of the issues that are being appealed by the cross-appellants.  Although PNM does not believe the issues raised in the cross-appeals have substantial merit, PNM is unable to predict what decision the NM Supreme Court will reach.  PNM does not believe that the likelihood of the cross-appeals being successful is probable.  However, if the NM Supreme Court were to overturn all of the issues subject to the cross-appeals and, upon remand, the NMPRC did not provide any recovery of those items, PNM would write-off all of the costs to acquire the assets previously leased under &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64.1&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PVNGS Unit 2 capacity, totaling &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$153.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (which amount includes &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$76.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; that is the subject of PNM&amp;#8217;s appeal discussed above) at September 30, 2017, after considering the loss recorded in 2016.  The impacts of not recovering costs for the lease extensions, new coal supply contract for Four Corners, and &amp;#8220;prepaid pension asset&amp;#8221; in rate base would be recognized in future periods reflecting that rates charged to customers would not recover those costs as they are incurred.  The outcomes of the cross-appeals regarding the FPPAC and rate design should not have financial impact to PNM.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is unable to predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;New Mexico 2016 General Rate Case &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(&amp;#8220;NM 2016 Rate Case&amp;#8221;)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On December 7, 2016, PNM filed an application with the NMPRC for a general increase in retail electric rates.  PNM did not include any of the costs disallowed in the NM 2015 Rate Case that are at issue in its pending appeal to the NM Supreme Court.  Key aspects of PNM&amp;#8217;s request are:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;An increase in base non-fuel revenues of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$99.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Based on a FTY beginning January 1, 2018 (the NMPRC&amp;#8217;s rules specify that a FTY is a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; month period beginning up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months after the filing of a rate case application)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ROE of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10.125%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Drivers of revenue deficiency&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Implementation of the modifications in PNM&amp;#8217;s resource portfolio, which were previously approved by the NMPRC as part of the SJGS regional haze compliance plan (Note 11)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Infrastructure investments, including environmental upgrades at Four Corners&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Declines in forecasted energy sales due to successful energy efficiency programs and other economic factors&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Updates in the FERC/retail jurisdictional allocations&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Proposed changes to rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Increased customer and demand charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:48px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#9702;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A &amp;#8220;lost contribution to fixed cost&amp;#8221; mechanism applicable to residential and small commercial customers to address the regulatory disincentive associated with PNM&amp;#8217;s energy efficiency programs&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC scheduled a public hearing to begin on June 5, 2017, ordered that a settlement conference should be held, and that any resulting stipulation should be filed by March 27, 2017.  Settlement discussions were held, but no agreements were reached by March 27, 2017.  PNM and several intervenors filed an unopposed motion with the NMPRC to extend by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; month the procedural schedule, including the date for filing a stipulation.  On April 12, 2017, the NMPRC issued an order modifying the procedural schedule to allow for additional settlement discussion.  Under the revised schedule, any settlement stipulation was to be filed by April 27, 2017.   On April 27, 2017, PNM and several intervenors filed a motion with the NMPRC to extend the deadline for filing a stipulation.  The motion was granted by the Hearing Examiners and in May 2017, PNM and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;thirteen&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; intervenors (the &amp;#8220;Signatories&amp;#8221;) entered into a comprehensive stipulation.  On May 12, 2017, the Hearing Examiners issued an order rejecting the stipulation in its then current form, but allowed the Signatories to revise the stipulation.  On May 23, 2017, the Signatories filed a revised stipulation that addressed the issues raised by the Hearing Examiners in their order.  NEE is the sole party opposing the revised stipulation.  The terms of the revised stipulation include:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A revenue increase totaling &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$62.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, with an initial increase of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$32.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; beginning January 1, 2018 and the remaining increase beginning January 1, 2019&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A ROE of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.575%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Full recovery of the investment in SCRs at Four Corners with a debt-only return&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;An agreement not to adjust non-fuel base rate changes to be effective prior to January 1, 2020&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;An agreement to adjust the January 2019 increase for certain changes in federal corporate tax laws enacted prior to November 1, 2018 and effective and applicable to PNM by January 1, 2019&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Returning to customers over a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year period the benefit of the reduction in the New Mexico corporate income tax rate (Note 13) to the extent attributable to PNM&amp;#8217;s retail operations&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM will withdraw its proposal for a &amp;#8220;lost contribution to fixed cost&amp;#8221; mechanism with the issue to be addressed in a future docket&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On May 24, 2017, the NMPRC issued an order, which resulted in the tolling of the statutory suspension period for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months and extending the suspension of the rate increase until January 6, 2018.  The NMPRC can further extend the suspension period for an additional &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months.  A hearing on the revised stipulation was held in August 2017.  The revised stipulation requires the approval of the NMPRC in order to take effect.   &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;If the NMPRC approves the revised stipulation as filed, GAAP would require PNM to recognize a loss to reflect that PNM will not earn an equity return on its investments in SCRs at Four Corners.  The loss would be recorded as a regulatory disallowance as of the date of NMPRC approval.  The amount of the loss would be calculated by determining the present value of disallowed cash flows, which would equal the difference between the cash flows resulting from recovery of those investments with a debt only return and the cash flows with a full return on investment (including an equity component), and discounting the differences at PNM&amp;#8217;s WACC.  Such amount would depend on the final costs of the SCRs and other factors and assumptions at the date of NMPRC approval.  Based on the stipulation and PNM&amp;#8217;s current assumptions, PNM estimates the regulatory disallowance would be approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$21 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  PNM cannot predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Investigation/Rulemaking Concerning NMPRC Ratemaking Policies&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On March 22, 2017, the NMPRC issued an order opening an investigation and rulemaking to simplify and increase &amp;#8220;the transparency of NMPRC rate cases by reducing the number of issues litigated in rate cases,&amp;#8221; and provide a &amp;#8220;more level playing field among intervenors and NMPRC staff on the one hand, and the utilities on the other.&amp;#8221;  The order posed the following questions: whether a standardized method should be established for determining ROE; should the ROE be subject to reward or penalty based on utilities meeting or failing to meet certain metrics, which could include customer complaints, outages, peak demand reductions, and RPS and energy efficiency compliance; whether recovery of utility rate case expenses should be limited to 50% unless the case is settled; whether intervenors should be allowed to recover their expenses if the NMPRC accepts their position; whether parties should have access to software used by utilities to support their positions; and how regulatory assets should be authorized and recovered.  Initial comments were filed in July 2017 and a public workshop was held in September 2017.  Additional public workshops are scheduled in November 2017.  PNM cannot predict the outcome of this proceeding. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Renewable Portfolio Standard &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The REA establishes a mandatory RPS requiring a utility to acquire a renewable energy portfolio equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;10%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of retail electric sales by 2011, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;15%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; by 2015, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;20%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; by 2020.  PNM files annual renewable energy procurement plans for approval by the NMPRC.  The NMPRC requires renewable energy portfolios to be &amp;#8220;fully diversified.&amp;#8221; The current diversity requirements, which are subject to the limitation of the RCT, are minimums of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;30%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; wind, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;20%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; solar, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; distributed generation, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; other.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The REA provides for streamlined proceedings for approval of utilities&amp;#8217; renewable energy procurement plans, assures that utilities recover costs incurred consistent with approved procurement plans, and requires the NMPRC to establish a RCT for the procurement of renewable resources to prevent excessive costs being added to rates.  Currently, the RCT is set at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of customers&amp;#8217; annual electric charges.  PNM makes renewable procurements consistent with the NMPRC approved plans.  PNM recovers certain renewable procurement costs from customers through a rate rider.  See Renewable Energy Rider&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;below. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Included in PNM&amp;#8217;s approved procurement plans are the following renewable energy resources:&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="padding-top:13px;font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;107&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PNM-owned solar PV facilities, including &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW constructed in 2015 that were identified as a cost-effective resource in PNM&amp;#8217;s application to retire SJGS Units 2 and 3 (Note 11) and are being recovered in the base rates provided in the NM 2015 Rate Case discussed above rather than through PNM&amp;#8217;s renewable energy rider; and an additional procurement of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.5&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PNM-owned solar PV facilities to supply the energy sold under PNM&amp;#8217;s voluntary renewable energy tariff  &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A PPA through 2027 for the output of New Mexico Wind, having an aggregate capacity of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;204&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW and a PPA through 2035 for the output of Red Mesa Wind, an existing wind generator having an aggregate capacity of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;102&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A PPA for the output of the Lightning Dock Geothermal facility; the geothermal facility began providing power to PNM in January 2014; the current capacity of the facility is &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Solar distributed generation, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;81.6&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW at September 30, 2017,  owned by customers or third parties from whom PNM purchases any net excess output and RECs&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Solar and wind RECs as needed to meet the RPS requirements &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM filed its 2016 renewable energy procurement plan on June 1, 2015.  The plan met RPS and diversity requirements within the RCT in 2016 and 2017 using existing resources and did not propose any significant new procurements.  The NMPRC approved the plan in November 2015, and, after granting a rehearing motion to consider issues regarding the rate treatment of certain customers eligible for a cap on, or an exemption from, RPS procurement, the NMPRC again approved the plan in an order issued on February 3, 2016.  The NMPRC deferred issues related to capped and exempt customers to PNM&amp;#8217;s NM 2015 Rate Case and to a new case, which the NMPRC subsequently initiated through issuance of an order to show cause.  The NM 2015 Rate Case and show cause proceeding were to examine whether PNM miscalculated the FPPAC factor and base fuel costs in its treatment of renewable energy costs and application of the renewable procurement cost caps and exemptions.  The show cause proceeding was stayed pending the outcome of the NM 2015 Rate Case.  The September 28, 2016 order in the NM 2015 Rate Case directed that the cost of New Mexico Wind be recovered through PNM&amp;#8217;s renewable rider, rather than the FPPAC, and ordered certain other modifications regarding the accounting for renewable energy in PNM&amp;#8217;s FPPAC.  These modifications do not affect the amount of fuel and purchased power or renewable costs that PNM will collect.  No action has been taken in the show cause proceeding and PNM cannot predict its outcome.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM filed its 2017 renewable energy procurement plan on June 1, 2016.  The plan met RPS and diversity requirements for 2017 and 2018 using existing resources and PNM did not propose any significant new procurements.  PNM projected that its plan would slightly exceed the RCT in 2017 and would be within the RCT in 2018.  PNM requested a variance from the RCT in 2017 to the extent the NMPRC determined a variance was necessary.  A public hearing was held on September 26, 2016.  On October 21, 2016, the Hearing Examiner issued a recommended decision recommending that the plan be approved as filed and also found that a variance from the RCT was not required.  The NMPRC approved the recommended decision on November 23, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 1, 2017, PNM filed its 2018 renewable energy procurement plan.  PNM is requesting approval to procure an additional &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh in 2019 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;105&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh in 2020 from a re-powering of New Mexico Wind; approval to procure an additional &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;55&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh in 2019 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;77&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh in 2020 from a re-powering of Lightning Dock Geothermal; approval to procure &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of new solar facilities to be constructed beginning in 2018; and various other requests, including the continuation of customer REC purchase programs and other purchases of RECs to ensure annual compliance with the RPS.  PNM&amp;#8217;s proposed procurement cost for 2018 and 2019 will be within the RCT.  The plan is also seeking a variance from the &amp;#8220;other&amp;#8221; diversity category in 2018 due to a revised production forecast of the Lightning Dock Geothermal facility in 2018.  PNM also requested to adjust its annual renewable energy rate rider to collect the costs of renewable resources.  On June 14, 2017, the NMPRC issued an initial order appointing a Hearing Examiner and suspending the proposed rate rider adjustment.  A public hearing on the application was held in September 2017.  On October 17, 2017, the Hearing Examiner issued a recommended decision that PNM&amp;#8217;s 2018 renewable energy procurement plan be approved by the NMPRC, except for the re-powering of Lightning Dock Geothermal and PNM&amp;#8217;s request to procure &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of new solar facilities.   The Hearing Examiner recommended that the PPA for the output of energy from Lightning Dock Geothermal be terminated effective January 1, 2018.  The Hearing Examiner also recommended that the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW solar projects not be approved and that PNM be required to issue another all-renewables RFP within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days of the issuance of a final order allowing developers to utilize PNM-owned sites to construct facilities, the output from which facilities would be sold to PNM through PPAs.  PNM strongly disagrees with the Hearing Examiner&amp;#8217;s recommendations and believes they are unlawful and against the weight of evidence.  Exceptions to the recommended decision are due on October 27, 2017.  PNM will file its exceptions timely and will vigorously contest the Hearing Examiner&amp;#8217;s proposals regarding Lightning Dock Geothermal and the requirement that PNM allow developers to construct renewable facilities on PNM-owned sites.  PNM cannot predict the outcome of this matter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Renewable Energy Rider &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC has authorized PNM to recover certain renewable procurement costs through a rate rider billed on a per KWh basis.  In PNM&amp;#8217;s NM 2015 Rate Case, the NMPRC authorized continuation of the renewable rider.  PNM recorded revenues from the rider of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$11.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$10.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended September 30, 2017 and 2016 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$32.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$27.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the nine months ended September 30, 2017 and 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In its 2016 renewable energy procurement plan case, PNM proposed to collect &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$42.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2016.  The 2016 rider adjustment was approved as part of the order issued February 3, 2016 approving the 2016 renewable energy plan.  In its 2017 renewable energy procurement plan, PNM proposed to collect &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; through the rider in 2017.  The increase, as compared with the amount the NMPRC approved for recovery through the rider in 2016, was due to recovering the costs of energy from New Mexico Wind through the rider, rather than through the FPPAC in compliance with the NMPRC&amp;#8217;s order in PNM&amp;#8217;s NM 2015 Rate Case.  The 2017 rider adjustment was approved in the November 23, 2016 order that approved the 2017 renewable energy plan.  On February 28, 2017, PNM filed a reconciliation of 2017 revenue requirement and proposed a revision to the rider that would recover &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$42.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; during 2017.  In its 2018 renewable energy procurement plan case, PNM proposes to collect &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$43.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Under the renewable rider, if PNM&amp;#8217;s earned rate of return on jurisdictional equity in a calendar year, adjusted for weather and other items not representative of normal operations, exceeds the NMPRC-approved rate by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM is required to refund the excess to customers during May through December of the following year.  PNM&amp;#8217;s annual compliance filings with the NMPRC show that its rate of return on jurisdictional equity did not exceed the limitation through 2016. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Energy Efficiency and Load Management&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Program Costs and Incentives&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Public utilities are required by the Efficient Use of Energy Act to achieve specified levels of energy savings and to obtain NMPRC approval to implement energy efficiency and load management programs.  The act sets an annual program budget equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of an electric utility&amp;#8217;s annual revenue.  PNM&amp;#8217;s costs to implement approved programs are recovered through a rate rider. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On April 15, 2016, PNM filed an application for energy efficiency and load management programs to be offered in 2017.  The proposed program portfolio consisted of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ten&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; programs with a total budget of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$28.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The application also sought approval of an incentive of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; based on targeted savings of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;75&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh.  The actual incentive would be based on actual savings achieved.  On January 11, 2017, the NMPRC approved an unopposed stipulation that established a method to ensure that funding of PNM&amp;#8217;s energy efficiency program is equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of retail revenues, with an estimated 2017 energy efficiency funding level of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$26.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and approved a sliding scale profit incentive with a base level of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.1%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of program costs, equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, if PNM achieves a minimum proscribed level of energy savings, increasing to a maximum of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.0%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; depending on actual energy savings achieved above the minimum.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On April 14, 2017, PNM filed an application for energy efficiency and load management programs to be offered in 2018.  The proposed program portfolio consists of a continuation of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ten&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; programs approved in the 2016 application with a total budget of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$25.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The application also seeks approval of a sliding scale incentive with a base incentive of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; if PNM is able to achieve saving of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh in 2018.  As proposed, PNM would have earned an incentive of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; based on targeted savings of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh.  The actual incentive would be based on actual savings achieved.  PNM proposed to continue the same &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ten&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; programs and a similar incentive mechanism in 2019, with a proposed budget of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$28.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and a base level incentive of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  On July 26, 2017, PNM, NMPRC staff, and other parties filed a stipulation that would resolve all issues in the case if approved by the NMPRC.  Under the settlement terms, all of PNM&amp;#8217;s proposed programs would be approved with limited modifications and PNM&amp;#8217;s base level incentive would be &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2018.  PNM would earn an incentive of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; based on targeted savings of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;69&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; GWh.  A public hearing was held in September 2017.  PNM is unable to predict the outcome of this proceeding. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Energy Efficiency Rulemaking&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In July 2012, the NMPRC opened an energy efficiency rulemaking docket to potentially address decoupling and incentives.  Workshops to develop a proposed rule have been held, but no order proposing a rule has been issued.  PNM is unable to predict the outcome of this matter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On January 25, 2017, the NMPRC opened another energy efficiency rulemaking docket to consider whether applications for approval of energy efficiency and load management programs should be filed every &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years rather than annually.  Written comments were filed in the rulemaking docket, and a public comment hearing was held on March 31, 2017.  On June 21, 2017, the NMPRC issued an order that modifies the filing frequency for utility energy efficiency plans to every &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Also on June 21, 2017, the NMPRC issued a new notice of proposed rulemaking to consider possible changes affecting a utility&amp;#8217;s ability to modify NMPRC approved funding levels by up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; between energy efficiency program applications.  This rulemaking is in response to consensus changes proposed by parties in the January 25, 2017 rulemaking.  On September 13, 2017, the NMPRC approved the proposed rule.  Under the new rule, PNM&amp;#8217;s next application for energy efficiency and load management programs will be made in 2020 for programs to be offered beginning in 2021.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Integrated Resource Plans &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;NMPRC rules require that investor owned utilities file an IRP every &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years.  The IRP is required to cover a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;20&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year planning period and contain an action plan covering the first &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years of that period.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;2014 IRP&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM filed its 2014 IRP on July 1, 2014.  The &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year action plan was consistent with the replacement resources identified in PNM&amp;#8217;s application to retire SJGS Units 2 and 3.  PNM indicated that it planned to meet its anticipated long-term resource needs with a combination of additional renewable energy resources, energy efficiency, and natural gas-fired facilities.  Consistent with statute and NMPRC rule, PNM incorporated a public advisory process into the development of its 2014 IRP.  On July 31, 2014, several parties requested the NMPRC not to accept the 2014 IRP as compliant with NMPRC rule because to do so could affect the then pending proceeding on PNM&amp;#8217;s application to abandon SJGS Units 2 and 3 and for CCNs for certain replacement resources (Note 11) and because they asserted that the 2014 IRP did not conform to the NMPRC&amp;#8217;s IRP rule.  Certain parties also asked that further proceedings&amp;#160;on the 2014 IRP be held in abeyance until the conclusion of the SJGS abandonment/CCN proceeding.  The NMPRC issued an order in August 2014 that docketed a case to determine whether the 2014 IRP complied with applicable NMPRC rules.  The order also held the case in abeyance pending the issuance of final, non-appealable orders in PNM&amp;#8217;s 2015 renewable energy procurement plan case and its application to retire SJGS Units 2 and 3.  The order regarding PNM&amp;#8217;s application to abandon SJGS Units 2 and 3 described in Note 11 states that the NMPRC will issue a Notice of Proposed Dismissal in the 2014 IRP docket.  On May 4, 2016, the NMPRC issued the Notice of Proposed Dismissal, stating that the docket would be closed with prejudice within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;thirty&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days unless good cause was shown why the docket should remain open.  On May 31, 2016, NEE filed a request to hold the protests filed against PNM&amp;#8217;s 2014 IRP in abeyance or to dismiss those protests without prejudice.  PNM responded on June 13, 2016 and requested that the NMPRC dismiss the case with prejudice.  The NMPRC has not yet acted on its Notice of Proposed Dismissal or the request filed on May 31, 2016.  PNM cannot predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;2017 IRP &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM filed its 2017 IRP on July 3, 2017.  The 2017 IRP addresses a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year planning period, from 2017 through 2036, and includes an action plan describing PNM&amp;#8217;s plan to implement the 2017 IRP in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year period following its filing.  PNM held its initial public advisory meeting on the 2017 IRP on June 30, 2016 and hosted &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; meetings statewide to present details of the process and receive public comment.  The NMPRC&amp;#8217;s order concerning SJGS&amp;#8217; compliance with the BART requirements of the CAA discussed in Note 11 requires PNM to make a filing in 2018 to determine the extent to which SJGS Units 1 and 4 should continue serving PNM&amp;#8217;s retail customers&amp;#8217; needs after June 30, 2022.  The 2017 IRP analyzed several scenarios utilizing assumptions that PNM continues service from its SJGS capacity beyond mid-2022 and that PNM retires its capacity after mid-2022.  Key findings of the 2017 IRP include:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Retiring PNM&amp;#8217;s share of SJGS in 2022 after the expiration of the current operating and coal supply agreements would provide long-term cost savings for PNM&amp;#8217;s customers&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM exiting its ownership interest in Four Corners after its current coal supply agreement expires in 2031 would also save customers money &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The best mix of new resources to replace the retired coal generation would include solar energy and flexible natural gas-fired peaking capacity; the mix could include energy storage if the economics support it and wind energy provided additional transmission capacity becomes available &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Significant increases in future wind energy supplies will likely require new transmission capacity to be built from eastern New Mexico to PNM&amp;#8217;s service territory&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM should retain the currently leased capacity in PVNGS, which would avoid replacement with carbon-emitting generation&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM should continue to develop and implement energy efficiency and demand management programs&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM should assess the costs and benefits of participating in the California Energy Imbalance Market&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM should analyze its current Reeves Generating Station to consider possible technology improvements to phase out the older generators and replace them with new, more flexible supplies or energy storage &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Protests to the 2017 IRP were filed by several parties.  The issues addressed in the protests included the future of PNM&amp;#8217;s interests in SJGS, Four Corners, and PVNGS and the timing of future procurement of renewable resources.  The NMPRC has assigned the case to a Hearing Examiner and a briefing schedule has been established to determine the appropriate scope of the case.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The 2017 IRP is not a final determination of PNM&amp;#8217;s future generation portfolio.  Retiring PNM&amp;#8217;s share of SJGS capacity and exiting Four Corners would require NMPRC approval of abandonment filings, which PNM would make at appropriate times in the future.  Likewise, NMPRC approval of new generation resources through CCN filings would be required.  PNM cannot predict the ultimate outcome of the 2017 IRP process or whether the NMPRC will approve subsequent filings that would encompass actions to implement the conclusions of the 2017 IRP.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;San Juan Generating Station Units 2 and 3 Retirement &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On December 16, 2015, the NMPRC issued an order approving PNM&amp;#8217;s retirement of SJGS Units 2 and 3 on December 31, 2017.  On January 14, 2016, NEE filed an appeal of the order with the NM Supreme Court.  Additional information concerning the NMPRC filing and related proceedings is set forth in Note 11. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Application for Certificate of Convenience and Necessity&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On April 26, 2016, PNM filed an application for an &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW gas plant to be located at SJGS, with an anticipated June 2018 in-service date.  On October 13, 2016, PNM filed a motion to vacate the procedural schedule to allow PNM to assess the continued need for the plant in light of possible changed circumstances affecting loads and resources.  On October 28, 2016, PNM filed a motion to withdraw its application and close the docket.  As grounds for the motion, PNM stated that, based on its updated peak demand forecast, the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW plant would not be needed in 2018.  On December 1, 2016, the Hearing Examiner issued a recommended decision that would grant PNM&amp;#8217;s motion to withdraw its application.  On May 24, 2017, the NMPRC issued its order approving the recommended decision and granting the motion to withdraw the application.  PNM will continue to evaluate its resource needs as part of its ongoing resource planning activities. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Advanced Metering Infrastructure Application&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On February 26, 2016, PNM filed an application with the NMPRC requesting approval of a project to replace its existing customer metering equipment with Advanced Metering Infrastructure (&amp;#8220;AMI&amp;#8221;).  The application asks the NMPRC to authorize the recovery of the cost of the project, up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$87.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, in future ratemaking proceedings, as well as to approve the recovery of the remaining undepreciated investment in existing metering equipment estimated to be approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$33 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at the date of implementation and the costs of customer education and severances for affected employees.  On August 5, 2016, PNM filed a motion to suspend its AMI application so that it could evaluate the effect of the order in the NM 2015 Rate Case.  The NMPRC approved this motion.  On November 22, 2016, PNM filed a motion to lift the suspension and establish a new procedural schedule.  In December 2016, the Hearing Examiner issued an order lifting the suspension and issued a new procedural schedule.  Hearings in this matter were held in February and March 2017.  During the March 2017 hearing, it was disclosed that the proposed meter contractor may not have complied with certain New Mexico contractor licensing requirements.  PNM subsequently filed testimony regarding that matter as ordered by the Hearing Examiner.  On May 12, 2017, PNM requested a new procedural schedule to allow it to issue a new RFP for contracting work related to the meter installation and to update its cost-benefit analysis.  PNM subsequently updated the amount of the requested recovery for the anticipated cost of the project to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$95.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  An additional hearing was held on October 25-26, 2017.   PNM does not intend to proceed with the AMI project unless the NMPRC approves the entire application.  PNM cannot predict the outcome of this matter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Facebook, Inc. Data Center Project&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On July 8, 2016, PNM filed an application with the NMPRC for approval of:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; new electric service rates &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A PPA under which PNM would purchase renewable energy from PNMR Development &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A special service contract to provide electric service to a prospective new customer, a large Internet company, that was considering locating a data center in PNM&amp;#8217;s service area &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC approved PNM&amp;#8217;s application on August 17, 2016.   At that time, the new customer was also considering the state of Utah for the location of the data center.  On September 15, 2016, PNM filed a notice informing the NMPRC that the customer, Facebook, Inc., had announced that it was selecting a site in New Mexico for its new data center.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Facebook&amp;#8217;s service requirements include the acquisition by PNM of a sufficient amount of new renewable energy resources and RECs to match the energy and capacity requirements of the data center.  PNM&amp;#8217;s initial procurement will be through a PPA with PNMR Development for the energy production from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of new solar capacity that PNMR Development will construct and own.  The cost of the PPA will be passed through to Facebook under a new rate rider.  A new special service rate will be applied to Facebook&amp;#8217;s energy consumption in those hours of the month when their consumption exceeds the energy production from the new renewable resources.  Construction of the first &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of solar capacity is expected to be completed in early 2018, which will coincide with initial operations of the data center, with the remainder of the capacity completed by mid-2018. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The approval order included a provision requiring that in any future rate case filed by PNM requesting an increase in rates of any other customer class, the NMPRC shall determine whether or not any customer class will be subject to increased rates due to Facebook&amp;#8217;s fixed &amp;#8220;Contribution to Production Charge for System Supplied Energy&amp;#8221; and, if so, the NMPRC shall determine whether or not PNM will be allowed to recover such increased costs in the form of increased rates to other customers.  In the NM 2016 Rate Case filing discussed above, PNM indicated the Facebook arrangement did not result in increased rates to any other customer class. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Hazard Sharing Agreements&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 1, 2016, PNM and Tri-State entered into a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year hazard sharing agreement, which expired on May 31, 2017.&amp;#160; PNM and Tri-State entered into an additional agreement, under substantially identical terms, for a term of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;five&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years beginning June 1, 2017, subject to NMPRC approval.  NMPRC approval was not required for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year agreement, but was required for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;five&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year agreement.  On May 10, 2017, the NMPRC issued an order approving the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;five&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year agreement. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Under these agreements, each party sells the other party &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of capacity and energy from each party&amp;#8217;s designated primary resources, which is SJGS Unit 4 for PNM and Springerville Generating Station Unit 3 for Tri-State, on a unit contingent basis subject to certain performance guarantees.&amp;#160; The agreements reduce the magnitude of each party&amp;#8217;s single largest generating hazard and assist in enhancing the reliability and efficiency of their respective operations.  Both purchases and sales are made at the same market index price.  PNM passes the sales and purchases through to customers under PNM&amp;#8217;s FPPAC.&amp;#160; Information about the purchases and sales is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.50682261208577%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="14" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:42%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sales&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Purchases&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Three months ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;202.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;215.1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.6&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Three months ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;208.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;216.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Nine months ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;615.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17.7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;632.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Nine months ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;268.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8.1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Firm-Requirements Wholesale Customers &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Navopache Electric Cooperative, Inc.&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As discussed in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, NEC filed a petition on April 8, 2015 for a declaratory order requesting that FERC find that NEC could purchase an unlimited amount of power and energy from third party supplier(s) under its PSA with PNM.  Following proceedings before a settlement judge, PNM and NEC entered into, and filed with FERC, a settlement agreement on October 29, 2015 that includes certain amendments to the PSA and related contracts on file with FERC.  FERC approved the settlement on January 21, 2016.  Under the settlement agreement, PNM served all of NEC&amp;#8217;s load in 2016 at reduced demand and energy rates from those under the PSA.  Beginning January 1, 2016, NEC also paid certain third-party transmission costs that it only partially paid previously.  The PSA and related transmission agreements terminated on December 31, 2016.  In 2017, PNM is serving &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of NEC&amp;#8217;s load under a short term coordination tariff at a rate lower than provided under the PSA.  Amounts billed to NEC were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended September 30, 2017 and 2016 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$3.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$14.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the nine months ended September 30, 2017 and 2016.  PNM&amp;#8217;s NM 2016 Rate Case discussed above reflects a reallocation of costs among regulatory jurisdictions reflecting the termination of the contract to serve NEC.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Advanced Meter System Deployment &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In July 2011, the PUCT approved a settlement and authorized an AMS deployment plan that permits TNMP to collect &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$113.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in deployment costs through a surcharge over a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year period.  TNMP began collecting the surcharge on August&amp;#160;11, 2011.  Deployment of advanced meters began in September 2011.  TNMP completed its mass deployment in 2016 and has installed more than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;242,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; advanced meters.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The PUCT adopted a rule creating a non-standard metering service for retail customers choosing to decline standard metering service via an advanced meter.  The cost of providing non-standard metering service is to be borne by opt-out customers through an initial fee and ongoing monthly charge.  As approved by the PUCT, TNMP is recovering &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in costs through initial fees ranging from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$63.97&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$168.61&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and ongoing annual expenses of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; through a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$36.78&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; monthly fee.  These amounts presume up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,081&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; consumers will elect the non-standard meter service, but TNMP has the right to adjust the fees if the number of anticipated consumers differs from that estimate.  As of October 20, 2017, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;99&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; consumers have made the election.  TNMP does not expect the implementation of non-standard metering service to have a material impact on its financial position, results of operations, or cash flows.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Transmission Cost of Service Rates &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP can update its transmission rates twice per year to reflect changes in its invested capital.  Updated rates reflect the addition and retirement of transmission facilities, including appropriate depreciation, federal income tax and other associated taxes, and the approved rate of return on such facilities.  The following sets forth TNMP&amp;#8217;s recent interim transmission cost rate increases:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:42.10526315789473%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:46%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:23%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:23%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Effective Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Approved Increase in Rate Base&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Annual Increase in Revenue&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 10, 2015&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;March 23, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 8, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;March 14, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 13, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On March 23, 2017, the PUCT staff filed proposed amendments to the interim transmission cost of service filing rule.  If approved, the amendments could reduce the frequency of such filings to once per year.  The amendments could also reduce the amount recovered by requiring that changes in accumulated deferred income taxes be considered and would preclude filings by utilities earning more than their authorized rate of return using weather-normalized data.  The PUCT has not yet approved the amendments for publication.  Initial comments on the proposed rule will be due &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days after publication.  TNMP cannot predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Periodic Distribution Rate Adjustment&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PUCT rules permit interim rate adjustments to reflect changes in investments in distribution assets.  Distribution utilities may file for a periodic rate adjustment between April 1 and April 8 of each year as long as the electric utility is not earning more than its authorized rate of return using weather-normalized data.  However, TNMP has not made a filing to adjust rates for additional investments in distribution assets.  In connection with TNMP&amp;#8217;s deployment of its advance meter system discussed above, TNMP committed to file a general rate case no later than September 1, 2018.  TNMP has also committed that it would not file a request for an increase in rates to reflect changes in investments in distribution assets until after the 2018 general rate case.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Competition Transition Charge Compliance Filing&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In connection with the adoption of legislation that deregulated electric utilities operating within ERCOT, TNMP was allowed to recover its stranded costs through the CTC and to also recover a carrying charge on the CTC.  Further, the order authorizing TNMP's CTC included a true-up provision requiring an adjustment to the CTC due to a cumulative over- or under-collection of revenues, including interest, greater-than or equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the most recent annual CTC funding amount.  On March 13, 2017, TNMP made a filing to true-up the CTC.  The requested adjustment reduces the collection of the amortization by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; annually.  On April 3, 2017, the PUCT staff filed its recommendation to approve the requested adjustment.  The change was approved on April 5, 2017 and went into effect on June 1, 2017. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Energy Efficiency&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP recovers the costs of its energy efficiency programs through an energy efficiency cost recovery factor (&amp;#8220;EECRF&amp;#8221;), which includes projected program costs, under or over collected costs from prior years, rate case expenses, and performance bonuses (if the programs exceed mandated savings goals).  On May 25, 2017, TNMP filed its request to adjust the EECRF to reflect changes in costs for 2018.  The total amount requested was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$6.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which included a performance bonus of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; based on TNMP&amp;#8217;s energy efficiency achievements in the 2016 plan year.  On September 28, 2017, the PUCT approved a settlement among the parties accepting TNMP&amp;#8217;s filing without adjustment.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</pnm:RegulatoryAndRateMattersTextBlock>
	<pnm:ScheduleofEnergyCapacityTransactionsTableTextBlock contextRef="FD2017Q3YTD" id="Fact-CB41BA53418B70EAD503556165E066C1">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Information about the purchases and sales is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.50682261208577%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="14" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:42%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sales&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Purchases&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Three months ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;202.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;215.1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.6&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Three months ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;208.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;216.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Nine months ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;615.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17.7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;632.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Nine months ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;268.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8.1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</pnm:ScheduleofEnergyCapacityTransactionsTableTextBlock>
	<pnm:ScheduleofRateIncreasesforTransmissionCostsTableTextBlock contextRef="FD2017Q3YTD" id="Fact-6662B9736B548E6C51E4E7FF3155F1DB">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following sets forth TNMP&amp;#8217;s recent interim transmission cost rate increases:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:42.10526315789473%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:46%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:23%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:23%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Effective Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Approved Increase in Rate Base&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Annual Increase in Revenue&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 10, 2015&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.4&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;March 23, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 8, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;March 14, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30.2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September 13, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27.5&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</pnm:ScheduleofRateIncreasesforTransmissionCostsTableTextBlock>
	<us-gaap:AvailableForSaleSecuritiesTextBlock contextRef="FD2017Q3YTD" id="Fact-80274F8B395079CA1E85E7FF2D209228">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The fair value and gross unrealized gains of investments in available-for-sale securities are presented in the following table.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:514px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:189px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized Gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized Gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,135&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,775&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,032&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,865&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,167&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,029&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;307&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,960&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,962&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;998&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;585&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,434&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;553&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,671&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,631&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;306,444&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,449&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;272,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:AvailableForSaleSecuritiesTextBlock>
	<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-1128F4DE704D9C1AE653E7FF2FA08E5B">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Commitments and Contingencies&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"&gt;Overview  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;There are various claims and lawsuits pending against the Company.  The Company also is subject to federal, state, and local environmental laws and regulations and periodically participates in the investigation and remediation of various sites.  In addition, the Company periodically enters into financial commitments in connection with its business operations.  Also, the Company is involved in various legal and regulatory (Note 12) proceedings in the normal course of its business.  It is not possible at this time for the Company to determine fully the effect of all litigation and other legal and regulatory proceedings on its financial position, results of operations, or cash flows.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;With respect to some of the items listed below, the Company has determined that a loss is not probable or that, to the extent probable, cannot be reasonably estimated.  In some cases, the Company is not able to predict with any degree of certainty the range of possible loss that could be incurred.  Nevertheless, the Company assesses legal and regulatory matters based on current information and makes judgments concerning their potential outcome, giving due consideration to the nature of the claim, the amount and nature of any damages sought, and the probability of success.  Such judgments are made with the understanding that the outcome of any litigation, investigation, or other legal proceeding is inherently uncertain.  In accordance with GAAP, the Company records liabilities for matters where it is probable a loss has been incurred and the amount of loss is reasonably estimable.  The actual outcomes of the items listed below could ultimately differ from the judgments made and the differences could be material.  The Company cannot make any assurances that the amount of reserves or potential insurance coverage will be sufficient to cover the cash obligations that might be incurred as a result of litigation or regulatory proceedings.  Except as otherwise disclosed, the Company does not expect that any known lawsuits, environmental costs, and commitments will have a material effect on its financial condition, results of operations, or cash flows.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Additional information concerning commitments and contingencies is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"&gt;Commitments and Contingencies Related to the Environment&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nuclear Spent Fuel and Waste Disposal &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Nuclear power plant operators are required to enter into spent fuel disposal contracts with the DOE that require the DOE to accept and dispose of all spent nuclear fuel and other high-level radioactive wastes generated by domestic power reactors.  Although the Nuclear Waste Policy Act required the DOE to develop a permanent repository for the storage and disposal of spent nuclear fuel by 1998, the DOE announced that it would not be able to open the repository by 1998 and sought to excuse its performance of these requirements.  In November 1997, the DC Circuit issued a decision preventing the DOE from excusing its own delay, but refused to order the DOE to begin accepting spent nuclear fuel.  Based on this decision and the DOE&amp;#8217;s delay, a number of utilities, including APS (on behalf of itself and the other PVNGS owners, including PNM), filed damages actions against the DOE in the Court of Federal Claims.  The lawsuits filed by APS alleged that damages were incurred due to DOE&amp;#8217;s continuing failure to remove spent nuclear fuel and high-level waste from PVNGS.  In August 2014, APS and DOE entered into a settlement agreement, which established a process for the payment of claims for costs incurred through December 31, 2016.  The settlement agreement has been extended to December 31, 2019.  Under the settlement agreement, APS must submit claims annually for payment of allowable costs.  PNM records estimated claims on a quarterly basis.  The benefit from the claims is passed through to customers under the FPPAC to the extent applicable to NMPRC regulated operations.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM estimates that it will incur approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$57.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (in 2016 dollars) for its share of the costs related to the on-site interim storage of spent nuclear fuel at PVNGS during the term of the operating licenses.  PNM accrues these costs as a component of fuel expense as the fuel is consumed.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM had a liability for interim storage costs of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$12.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$12.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; included in other deferred credits. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PVNGS has sufficient capacity at its on-site ISFSI to store all of the nuclear fuel that will be irradiated during the initial operating license period, which ends in December&amp;#160;2027.&amp;#160; Additionally, PVNGS has sufficient capacity at its on-site ISFSI to store a portion of the fuel that will be irradiated during the period of extended operation, which ends in November&amp;#160;2047.&amp;#160; If uncertainties regarding the United States government&amp;#8217;s obligation to accept and store spent fuel are not favorably resolved, APS will evaluate alternative storage solutions that may obviate the need to expand the ISFSI to accommodate all of the fuel that will be irradiated during the period of extended operation.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 8, 2012, the DC Circuit issued its decision on a challenge by several states and environmental groups of the NRC&amp;#8217;s rulemaking regarding temporary storage and permanent disposal of high level nuclear waste and spent nuclear fuel.  The petitioners had challenged the NRC&amp;#8217;s 2010 update to the agency&amp;#8217;s Waste Confidence Decision and temporary storage rule&amp;#160;(the &amp;#8220;Waste Confidence Decision&amp;#8221;).  The DC Circuit found that the Waste Confidence Decision update constituted a major federal action, which, consistent with NEPA, requires either an environmental impact statement or a finding of no significant impact from the NRC&amp;#8217;s actions.  The DC Circuit found that the NRC&amp;#8217;s evaluation of the environmental risks from spent nuclear fuel was deficient and, therefore, remanded the Waste Confidence Decision update for further action consistent with NEPA.  On September 6, 2012, the NRC commissioners issued a directive to the NRC staff to proceed with development of a generic EIS to support an updated Waste Confidence Decision, which was issued in September 2013. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 26, 2014, the NRC approved a final rule on the environmental effects of continued storage of spent nuclear fuel.&amp;#160; The continued storage rule adopted the findings of the generic EIS regarding the environmental impacts of storing spent fuel at any reactor site after the reactor&amp;#8217;s licensed period of operations.  As a result, those generic impacts do not need to be re-analyzed in the environmental reviews for individual licenses.  The NRC lifted its suspension on final licensing actions on all nuclear power plant licenses and renewals that went into effect when the DC Circuit issued its June 2012 decision although PVNGS had not been involved in any licensing actions affected by that decision.  The August 2014 final rule has been subject to continuing legal challenges before the NRC and the United States Court of Appeals.  On May 19, 2016, the NRC denied petitions filed by multiple petitioners to revise the August 2014 rule.  The DC Circuit issued an order upholding the August 2014 rule on June 3, 2016 and denied a subsequent petition for rehearing on August 8, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 2011, the National Association of Regulatory Utility Commissioners and the Nuclear Energy Institute challenged, in the DC Circuit, DOE&amp;#8217;s 2010 determination of the adequacy of the one tenth of a cent per KWh fee (the &amp;#8220;one-mill fee&amp;#8221;) paid by the nation&amp;#8217;s commercial nuclear power plant owners pursuant to their individual contracts with the DOE.  On January 3, 2014, the DOE notified Congress of its intention to suspend collection of the one-mill fee, subject to Congress&amp;#8217; disapproval, as ordered by the DC Circuit.  On May 16, 2014, the DOE adjusted the fee to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;zero&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  PNM anticipates challenges to this action and is unable to predict its ultimate outcome.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;The Clean Air Act&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Regional Haze&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 1999, EPA developed a regional haze program and regional haze rules under the CAA.  The rule directs each of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;50&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; states to address regional haze.  Pursuant to the CAA, states have the primary role to regulate visibility requirements by promulgating SIPs.  States are required to establish goals for improving visibility in national parks and wilderness areas (also known as Class I areas) and to develop long-term strategies for reducing emissions of air pollutants that cause visibility impairment in their own states and for preventing degradation in other states.  States must establish a series of interim goals to ensure continued progress.  The first planning period specifies setting reasonable progress goals for improving visibility in Class I areas by the year 2018.  In July 2005, EPA promulgated its final regional haze rule guidelines for states to conduct BART determinations for certain covered facilities, including utility boilers, built between 1962 and 1977 that have the potential to emit more than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;250&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; tons per year of visibility impairing pollution.  If it is demonstrated that the emissions from these sources cause or contribute to visibility impairment in any Class I area, then BART must be installed by 2018.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On January 10, 2017, EPA published in the Federal Register revisions to the regional haze rule to provide certain clarifications to reflect interpretations of the 1999 rule.  EPA also provided a companion draft guidance document for public comment.  The new rule shifted the due date for the next cycle of SIPs that are designed to cover the second compliance period from 2019 to 2028, changed the schedule and process for states to file &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year progress reports, and revised certain aspects of the visibility impairment provisions.  EPA&amp;#8217;s final rule was challenged by numerous parties.  The DC Circuit has granted unopposed requests extending the deadline for briefing proposals to December 21, 2017.  PNM is currently evaluating the potential impacts of this rule on SJGS.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;SJGS &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;BART Compliance &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;SJGS is a source that is subject to the statutory obligations of the CAA to reduce visibility impacts.  Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K contains detailed information concerning the BART compliance process, including interactions with governmental agencies responsible for environmental oversight and the NMPRC approval process.  In December 2015, PNM received NMPRC approval for the plan to comply with the EPA regional haze rule at SJGS.  Under the approved plan, the installation of selective non-catalytic reduction technology (&amp;#8220;SNCR&amp;#8221;) was required on SJGS Units 1 and 4, which installation was completed in early 2016, and Units 2 and 3 are to be retired by the end of 2017.  In addition to the required SNCR equipment, the NSR permit, which was required to be obtained in order to install the SNCRs, specified that SJGS Units 1 and 4 be converted to balanced draft technology (&amp;#8220;BDT&amp;#8221;).  PNM&amp;#8217;s share of the total costs for SNCRs and BDT equipment was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$77.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  See Note 12 for information concerning the NMPRC&amp;#8217;s treatment of BDT in PNM&amp;#8217;s NM 2015 Rate Case.  Although operating costs will be reduced due to the retirement of SJGS Units 2 and 3, the operating costs for SJGS Units 1 and 4 have increased with the installation of SNCR and BDT equipment.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On December 16, 2015, the NMPRC issued an order regarding SJGS.  As provided in that order: &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM will retire SJGS Units 2 and 3 (PNM&amp;#8217;s current ownership interest totals &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;418&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW) by December 31, 2017 and recover, over &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of their undepreciated net book value at that date and earn a regulated return on those costs&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is granted a CCN to acquire an additional &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;132&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW in SJGS Unit 4, effective January 1, 2018, with an initial book value of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;zero&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, plus the costs of SNCR and other capital additions &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is granted a CCN for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of PVNGS Unit 3 with an initial rate base value equal to the book value as of December 31, 2017, including transmission assets associated with PVNGS Unit 3, (currently estimated to aggregate approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$155 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;No later than December 31, 2018, and before entering into a binding agreement for post-2022 coal supply for SJGS, PNM will file its position and supporting testimony in a NMPRC case to determine the extent to which SJGS should continue serving PNM&amp;#8217;s retail customers&amp;#8217; needs after mid-2022; all parties to the stipulation agree to support this case being decided within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;six&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months (see Other SJGS Matters below and Note 12)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is authorized to acquire &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of SJGS Unit 4 as excluded utility plant; PNM and PNMR commit that no further coal-fired merchant plant will be acquired at any time by PNM, PNMR, or any PNM affiliate; PNM is not precluded from seeking a CCN to include the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW or other coal capacity in rate base&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Beginning January 1, 2020, for every MWh produced by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;197&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of coal-fired generation from PNM&amp;#8217;s ownership share of SJGS, PNM will acquire and retire &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MWh of RECs or allowances that include a zero-CO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emission attribute compliant with EPA&amp;#8217;s Clean Power Plan; this REC retirement is in addition to what is required to meet the RPS; the cost of these RECs are to be capped at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$7.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per year and will be recovered in rates; PNM should purchase EPA-compliant RECs from New Mexico renewable generation unless those RECs are more costly&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM will accelerate recovery of SNCR costs on SJGS Units 1 and 4 so that the costs are fully recovered by July 1, 2022 (cost recovery for PNM&amp;#8217;s BDT project is discussed in Note 12) &lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM will not recover approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$20 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of other costs incurred in connection with CAA compliance&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"&gt;&lt;tr&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:top" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;font-size:10pt;padding-left:24px;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8226;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:top;" rowspan="1" colspan="1"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The NMPRC will issue a Notice of Proposed Dismissal in PNM&amp;#8217;s 2014 IRP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; At December 31, 2015, PNM recorded losses for regulatory disallowances and restructuring costs, aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$165.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, reflecting a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$127.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; regulatory disallowance to reflect the write-off of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the estimated December 31, 2017 net book value that will not be recovered, the other unrecoverable costs, and the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$16.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; increase in the estimated liability recorded for coal mine reclamation resulting from the new coal mine reclamation arrangement entered into in conjunction with the new coal supply agreement (&amp;#8220;CSA&amp;#8221;).  The ultimate amount of the regulatory disallowance will be dependent on the actual December 31, 2017 net undepreciated book values of SJGS Units 2 and 3.  Accordingly, the amount recorded will be adjusted to reflect changes to the December 31, 2017 net book values.  Additional information about the CSA is discussed under Coal Supply below and in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;During 2016, PNM revised its estimates of the December 31, 2017 projected book value of SJGS Units 2 and 3 and the other unrecoverable costs, which resulted in a net expense of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$3.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, including a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; expense related to a refinement of the estimated liability for coal mine reclamation from the new coal mine reclamation arrangement.  PNM recorded an expense of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; during the three months ended March 31, 2016, an expense of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$5.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended September 30, 2016, and a reduction of expense of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended December 31, 2016, which are reflected in regulatory disallowances and restructuring costs on the Condensed Consolidated Statement of Earnings.  In addition, PNMR Development recorded an expense of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended March 31, 2016 for costs it was obligated to reimburse the other SJGS participants under the restructuring arrangement, which is included in other deductions on the Condensed Consolidated Statement of Earnings.  At September 30, 2017, the carrying value for PNM&amp;#8217;s current ownership share of SJGS Units 2 and 3 is comprised of plant in service of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$471.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and accumulated depreciation and amortization (including cost of removal) of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$211.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for a net undepreciated book value of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$260.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, offset by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (which equals &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$128.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;) of the anticipated December 31, 2017 undepreciated net book value of SJGS Units 2 and 3 that will not be recovered, resulting in the net carrying value for SJGS Units 2 and 3 being &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$131.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at September 30, 2017.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On January 14, 2016, NEE filed a Notice of Appeal with the NM Supreme Court of the NMPRC&amp;#8217;s December 16, 2015 order.  On July 22, 2016, NEE filed a brief alleging that the NMPRC&amp;#8217;s decision violated New Mexico statutes and NMPRC regulations because PNM did not adequately consider replacement resources other than those proposed by PNM, the NMPRC did not require PNM to adequately address and mitigate ratepayer risk, the NMPRC unlawfully shifted the burden of proof, and the NMPRC&amp;#8217;s decision was arbitrary and capricious.&amp;#160; Answer briefs refuting NEE&amp;#8217;s claims were filed on November 2, 2016 by PNM, the NMPRC, and certain intervenors.  Reply briefs were filed by NEE on January 9, 2017 and the parties presented oral argument to the court on January 25, 2017.  The court has not rendered a decision on the appeal and there is no required time frame for a decision.  In addition, on March 31, 2016, NEE filed a complaint with the NMPRC against PNM regarding the financing provided by NM Capital to facilitate the sale of SJCC (see Coal Supply below).  The complaint alleges that PNM failed to comply with its discovery obligation in the SJGS abandonment case and requests the NMPRC investigate whether the financing transactions could adversely affect PNM&amp;#8217;s ability to provide electric service to its retail customers.  PNM responded to the complaint on May 4, 2016.  The NMPRC has taken no action on this matter.  PNM cannot currently predict the outcome of these matters. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;SJGS Ownership Restructuring Matters&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &amp;#8211; As discussed in Note 16 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K, SJGS currently is jointly owned by PNM and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;eight&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; other entities.  In connection with the proposed retirement of SJGS Units 2 and 3, some of the SJGS participants expressed a desire to exit their ownership in the plant.  As a result, the SJGS participants negotiated a restructuring of the ownership in SJGS and addressed the obligations of the exiting participants for plant decommissioning, mine reclamation, environmental matters, and certain future operating costs, among other items.  The exiting participants currently own &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50.0%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of SJGS Unit 3 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38.8%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of SJGS Unit 4, but none of SJGS Units 1 and 2.  PNM currently owns &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50.0%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of SJGS Units 1, 2, and 3 and owns &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38.5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of SJGS Unit 4.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Following mediated negotiations, the SJGS participants executed the San Juan Project Restructuring Agreement (&amp;#8220;RA&amp;#8221;) on July 31, 2015.  The RA provides the essential terms of restructured ownership and addresses other related matters, including that the exiting participants remain obligated for their proportionate shares of environmental, mine reclamation, and certain other legacy liabilities that are attributable to activities that occurred prior to their exit.  PNMR Development became a party to the RA and agreed to acquire a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW ownership interest in SJGS Unit 4 on the December 31, 2017 exit date, but has obligations related to Unit 4 before then.  On the exit date, PNM would acquire &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;132&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW and PNMR Development would acquire &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of the capacity in SJGS Unit 4 from the exiting owners for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; initial cost other than funding capital improvements, including the costs of installing SNCR and BDT equipment.  PNMR Development&amp;#8217;s share of the costs of installing SNCR and BDT equipment amounted to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$7.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  PNMR Development has assigned the rights and obligations related to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW to PNM effective on December 31, 2017, which will facilitate dispatch of power from that capacity.  As ordered by the NMPRC, PNM will treat the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW as merchant utility plant that will be excluded from retail rates.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022 (Note 7).  Reflecting the additions of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;132&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW, PNM&amp;#8217;s ownership share would be &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;77.3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in SJGS Unit 4 and an aggregate of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66.3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in SJGS Units 1 and 4.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The RA became effective contemporaneously with the effectiveness of the new CSA.  The effectiveness of the new CSA was dependent on the closing of the purchase of the existing coal mine operation by a new mine operator, which as discussed in Coal Supply below, occurred at 11:59 PM on January 31, 2016.  The RA sets forth the terms under which PNM acquired the coal inventory of the exiting SJGS participants as of January 1, 2016 and is suppling coal to the exiting participants for the period from January 1, 2016 through December 31, 2017, which arrangement provides economic benefits that are being passed on to PNM&amp;#8217;s customers through the FPPAC.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Other SJGS Matters&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &amp;#8211; Although the RA results in an agreement among the SJGS participants enabling compliance with current CAA requirements, it is possible that the financial impact of climate change regulation or legislation, other environmental regulations, the result of litigation, and other business considerations, could jeopardize the economic viability of SJGS or the ability or willingness of individual participants to continue participation in the plant.  PNM&amp;#8217;s 2017 IRP (Note 12) filed with the NMPRC on July 3, 2017 presented resource portfolio plans for scenarios that assumed SJGS will operate beyond the end of the current coal supply agreement that runs through June 30, 2022 and for scenarios that assumed SJGS will cease operations after mid-2022.  The 2017 IRP data shows that retiring SJGS in 2022 would provide long-term cost benefits to PNM&amp;#8217;s customers.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Four Corners &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 6, 2012, EPA issued its Four Corners FIP with a final BART determination for Four Corners.  The rule included &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; compliance alternatives.  On December 30, 2013, APS notified EPA that the Four Corners participants selected the alternative that required APS to permanently close Units 1-3 by January 1, 2014 and install SCR post-combustion NOx controls on each of Units 4 and 5 by July 31, 2018.  PNM owns a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;"&gt;13%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; interest in Units 4 and 5, but had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; ownership interest in Units 1, 2, and 3, which were shut down by APS on December 30, 2013.  For particulate matter emissions, EPA is requiring Units 4 and 5 to meet an emission limit of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;0.015&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; lbs/MMBTU and the plant to meet a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;20%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; opacity limit, both of which are achievable through operation of the existing baghouses.  Although unrelated to BART, the final BART rule also imposes a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;20%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; opacity limitation on certain fugitive dust emissions from Four Corners&amp;#8217; coal and material handling operations. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM estimates its share of costs for post-combustion controls at Four Corners Units 4 and 5 to be up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$89.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, including amounts incurred through September 30, 2017 and PNM&amp;#8217;s AFUDC.  PNM is seeking recovery from its ratepayers of these costs in its NM 2016 Rate Case discussed in Note 17 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K and Note 12.  PNM is unable to predict the ultimate outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Four Corners participants&amp;#8217; obligations to comply with EPA&amp;#8217;s final BART determinations, coupled with the financial impact of climate change regulation or legislation, other environmental regulations, and other business considerations, could jeopardize the economic viability of Four Corners or the ability of individual participants to continue their participation in Four Corners. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Four Corners Federal Agency Lawsuit&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &amp;#8211; On April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal agencies in the United States District Court for the District of Arizona in connection with their issuance of the approvals that extended the life of Four Corners and the adjacent mine.  The lawsuit alleges that these federal agencies violated both the ESA and NEPA in providing the federal approvals necessary to extend operations at Four Corners and the adjacent mine past July 6, 2016.&amp;#160; The court granted an APS motion to intervene in the litigation on August 3, 2016.  On September 15, 2016, NTEC, the current owner of the mine providing coal to Four Corners, filed a motion to intervene for the limited purpose of seeking dismissal of the lawsuit based on NTEC&amp;#8217;s tribal sovereign immunity.  On September 11, 2017, the court granted NTEC&amp;#8217;s motion and dismissed the case with prejudice, terminating the proceedings.  The environmental group plaintiffs have until November 13, 2017 to file an appeal of this dismissal order.  PNM cannot predict whether the plaintiffs will appeal the order or whether such appeal, if filed, will be successful.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Carbon Dioxide Emissions &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 3, 2015, EPA established final standards to limit CO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emissions from power plants.  EPA took &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; separate but related actions in which it: (1) established the final carbon pollution standards for new, modified and reconstructed power plants; (2) established the final Clean Power Plan to set standards for carbon emission reductions from existing power plants; and (3) released a proposed federal plan associated with the final Clean Power Plan.  The Clean Power Plan was published on October 23, 2015.  Multiple states, utilities, and trade groups subsequently filed petitions for review and motions to stay in the DC Circuit. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Clean Power Plan establishes state-by-state targets for carbon emissions reduction and establishes deadlines for states to submit initial plans to EPA by September 6, 2016, with a potential &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year extension, and final plans by 2018.  The September 2016 deadline passed with no action and the 2018 deadline could be adjusted due to the stay of the Clean Power Plan issued by the US Supreme Court and pending litigation described below.  State plans can be based on either an emission standards (rate or mass) approach or a state measures approach.  Under an emission standards approach, federally enforceable emission limits are placed directly on affected units in the state.  A state measures approach must meet equivalent rates statewide, but may include some elements, such as renewable energy or energy efficiency requirements, that are not federally enforceable.  State measures plans may only be used with mass-based goals and must include &amp;#8220;backstop&amp;#8221; federally enforceable standards that will become effective if the state measures fail to achieve the expected level of emission reductions. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On January 21, 2016, the DC Circuit denied petitions to stay the Clean Power Plan.  On January 26, 2016, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;29&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; states and state agencies filed a petition to the US Supreme Court to reverse the DC Circuit&amp;#8217;s decision and stay the implementation of the Clean Power Plan.  On February 9, 2016, the US Supreme Court issued a 5-4 decision granting the stay pending judicial review of the rule by the DC Circuit.&amp;#160; The decision means the Clean Power Plan is not in effect and states are not obliged to comply with its requirements.  The DC Circuit heard oral arguments on September 27, 2016 in the case challenging the Clean Power Plan, but has not rendered&amp;#160;a decision. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The proposed federal plan released concurrently with the Clean Power Plan is important to Four Corners and the Navajo Nation.&amp;#160; Since the Navajo Nation does not have primacy over its air quality program, EPA would be the regulatory authority responsible for implementing the Clean Power Plan on the Navajo Nation if the Clean Power Plan is sustained under the current administration.&amp;#160; In addition, the proposed rule recommends that EPA determine it is &amp;#8220;necessary or appropriate&amp;#8221; for EPA to regulate CO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emissions on the Navajo Nation.&amp;#160; The comment period for the proposed rule closed on January 21, 2016.&amp;#160; APS and PNM filed separate comments with EPA on EPA&amp;#8217;s draft plan and model trading rules, advocating that such a federal plan is neither necessary nor appropriate to protect air quality on the Navajo Nation.  If EPA was to determine that it was not necessary or appropriate, the Clean Power Plan would not apply to the Navajo Nation, in which case, APS has indicated the Clean Power Plan would not have a material impact on Four Corners.&amp;#160; PNM is unable to predict the financial or operational impacts on Four Corners operations if EPA determines that a federal plan is necessary or appropriate for the Navajo Nation.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 30, 2016, EPA published in the Federal Register the design details of its voluntary Clean Energy Incentive Program under the Clean Power Plan.  Comments were due to EPA on November 1, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On March 28, 2017, President Trump issued an Executive Order on Energy Independence.  The order puts forth &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; general policies: promote clean and safe development of energy resources, while avoiding regulatory burdens, and ensure electricity is affordable, reliable, safe, secure, and clean.&amp;#160; The order directs the EPA Administrator to immediately review and, if appropriate and consistent with law, suspend, revise, or rescind (1) the Clean Power Plan, (2) the New Source Performance Standards for GHG from new, reconstructed, or modified electric generating units, (3) the Proposed Clean Power Plan Model Trading Rules, (4) the Legal Memorandum supporting the Clean Power Plan, and (5) the New Source Performance Standards for Oil &amp;amp; Natural Gas Sector.  It also directs the EPA Administrator to notify the US Attorney General of his intent to review rules subject to pending litigation so that the US Attorney General may notify the court and, in his discretion, request that the court delay further litigation pending completion of the reviews.  In connection with its review, EPA filed a petition with the DC Circuit requesting that the court hold the consolidated cases challenging the Clean Power Plan in abeyance until &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days after the conclusion of EPA&amp;#8217;s review and any subsequent rulemaking.  The DC Circuit issued an order to hold the consolidated cases in abeyance.&amp;#160; The DC Circuit issued a similar order&amp;#160;in connection with a motion filed by EPA to hold&amp;#160;consolidated cases challenging the NSPS in abeyance.  EPA also signed a Federal Register notice announcing that EPA is initiating its review of the Clean Power Plan and providing advance notice of forthcoming rulemaking proceedings.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On October 10, 2017, EPA issued a NOPR proposing to repeal the Clean Power Plan and filed its status report with the court requesting the case be held in abeyance until the completion of the rulemaking on the proposed repeal.  The NOPR proposes a legal interpretation concluding that the Clean Power Plan exceeds EPA&amp;#8217;s statutory authority.  Under the proposed interpretation, Section 111(d) limits EPA&amp;#8217;s authority to adopt performance standards to only those physical and operational changes that can be implemented within an individual source.  Therefore, measures in the Clean Power Plan that would require power generators to change their energy portfolios by shifting generation from coal to gas and from fossil fuel to renewable energy exceed EPA&amp;#8217;s statutory authority.  The NOPR was published in the Federal Register on October 16, 2017, starting a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-day public comment period.  Any final rule will be subject to legal challenge and judicial review.  EPA also noted that it is still evaluating whether to adopt a replacement rule to regulate GHG from existing electric utility generating units and may issue a proposed rulemaking if it determines that a replacement rule would be appropriate.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM&amp;#8217;s review of the CO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emission reductions standards under the Clean Power Plan is ongoing and the assessment of its impacts will depend on the proposed repeal of the Clean Power Plan, litigation of the final rule, and other actions the Trump Administration is taking through judicial and regulatory proceedings.  Accordingly, PNM cannot predict the impact these standards may have on its operations or a range of the potential costs of compliance, if any.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;National Ambient Air Quality Standards (&amp;#8220;NAAQS&amp;#8221;) &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The CAA requires EPA to set NAAQS for pollutants considered harmful to public health and the environment.  EPA has set NAAQS for certain pollutants, including NOx, SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt; &lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ozone, and particulate matter.  In 2010, EPA updated the primary NOx and SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; NAAQS to include a 1-hour maximum standard while retaining the annual standards for NOx and SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2 &lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;and the 24-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; standard.  New Mexico is in attainment for the 1-hour NOx NAAQS.  On May 13, 2014, EPA released the draft data requirements rule for the 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; NAAQS, which directs state and tribal air agencies to characterize current air quality in areas with large SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; sources to identify maximum 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; concentrations.  The proposed rule also describes the process and timetable by which air regulatory agencies would characterize air quality around large SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; sources through ambient monitoring or modeling.  This characterization will result in these areas being designated as attainment, nonattainment, or unclassified for compliance with the 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; NAAQS.&amp;#160; On March 2, 2015, the United States District Court for the Northern District of California approved a settlement that imposes deadlines for EPA to identify areas that violate the NAAQS standards for 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emissions.  The settlement results from a lawsuit brought by Earthjustice on behalf of the Sierra Club and the Natural Resources Defense Council under the CAA.  The consent decree requires the following: (1) within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months of the consent decree entry, EPA must issue area designations for areas containing non-retiring facilities that either emitted more than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; tons of SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2012 or emitted more than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,600&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; tons with an emission rate of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.45&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; lbs/MMBTU or higher in 2012; (2) by December 2017, EPA must issue designations for areas for which states have not adopted a new monitoring network under the proposed data requirements rule; and (3) by December 2020, EPA must issue designations for areas for which states have adopted a new monitoring network under the proposed data requirements rule.&amp;#160; SJGS and Four Corners SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emissions are below the tonnages set forth in (1) above.  EPA regions sent letters to state environmental agencies explaining how EPA plans to implement the consent decree.&amp;#160; The letters outline the schedule that EPA expects states to follow in moving forward with new SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; non-attainment designations.  NMED did not receive a letter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On August 11, 2015, EPA released the Data Requirements Rule for SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, telling states how to model or monitor to determine attainment or nonattainment with the new 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; NAAQS.&amp;#160; On June 3, 2016, NMED notified PNM that air quality modeling results indicated that SJGS was in compliance with the standard.  In January 2017, NMED submitted their formal modeling report regarding attainment status to EPA.  The modeling indicated that no area in New Mexico exceeds the 1-hour SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; standard.  In July of each year, NMED will submit an annual report to EPA documenting annual SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2 &lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;emissions from SJGS and the associated compliance status.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On May 14, 2015, PNM received an amendment to its NSR air permit for SJGS, which reflects the revised state implementation plan for regional haze BART and requires the installation of SNCRs as described above.  The revised permit also requires the reduction of SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; emissions to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.10&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; pound per MMBTU on SJGS Units 1 and 4 and the installation of BDT equipment modifications for the purpose of reducing fugitive emissions, including NOx, SO&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sub style="vertical-align:bottom;line-height:120%;font-size:7pt"&gt;2,&lt;/sub&gt;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and particulate matter.  These reductions will help SJGS meet the NAAQS for these constituents.  The BDT equipment modifications were installed at the same time as the SNCRs, in order to most efficiently and cost effectively conduct construction activities at SJGS.  See Regional Haze &amp;#8211; SJGS above.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In January 2010, EPA announced it would strengthen the 8-hour ozone standard by setting a new standard in a range of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; parts per billion (&amp;#8220;ppb&amp;#8221;).  On October 1, 2015, EPA finalized the new ozone NAAQS and lowered both the primary and secondary 8-hour standard from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;75&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; ppb to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; ppb.  With ozone standards becoming more stringent, fossil-fueled generation units will come under increasing pressure to reduce emissions of NOx and volatile organic compounds, and to generate emission offsets for new projects or facility expansions located in nonattainment areas.    &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On November 10, 2015, EPA proposed a rule revising its Exceptional Events Rule, which outlines the requirements for excluding air quality data (including ozone data) from regulatory decisions if the data is affected by events outside an area&amp;#8217;s control.  The proposed rule is timely in light of the new more stringent ozone NAAQS final rule since western states like New Mexico and Arizona are particularly subject to elevated background ozone transport from natural local sources such as wildfires, and transported via winds from distant sources, such as the stratosphere or another region or country.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On February 25, 2016, EPA released guidance on area designations, which states used to determine their initial designation recommendations by October 1, 2016.  EPA recommended that states and tribes use the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; most recent years of quality assured monitoring data available (e.g., 2013 to 2015) to recommend designations.  In their submittals, states and tribes were also able to use preliminary 2016 data.  EPA was expected to release final designations of attainment/nonattainment for areas by October 1, 2017.  On June 6, 2017, the EPA Administrator sent letters to state governors announcing that EPA was extending, by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; year, the deadline for promulgating area designations.  However, on August 2, 2017, the Trump Administration reversed the decision to extend the deadline to issue area designations, thereby requiring EPA to issue designations for ozone attainment areas by October 1, 2017.  To date, the EPA has not issued such designations.  By October 2018, NMED is required to submit an infrastructure SIP that provides the basic air quality management program to implement the revised ozone standard.  These plans are generally due within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months from the date of designation and are expected to be submitted to EPA by October 1, 2020.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;NMED published its 2015 Ozone NAAQS Designation Recommendation Report on September 2, 2016.  In New Mexico, NMED is designating only a small area in southern Dona Ana County as non-attainment for ozone.  NMED will have responsibility for bringing this nonattainment area into compliance and will look at all sources of NOx and volatile organic compounds since these are the pollutants that form ground-level ozone.  According to NMED&amp;#8217;s website, &amp;#8220;If emissions from Mexico keep New Mexico from meeting the standards, the New Mexico area could remain nonattainment but would not face more stringent requirements over time.&amp;#8221;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM does not believe there will be material impacts to its facilities as a result of NMED&amp;#8217;s nonattainment designation of the small area within Dona Ana County, but must wait on EPA&amp;#8217;s ultimate approval, which was to have occurred by October 1, 2017.  Until EPA approves attainment designations for the Navajo Nation and releases a proposal to implement the revised ozone NAAQS, APS is unable to predict what impact the adoption of these standards may have on Four Corners.  PNM cannot predict the outcome of this matter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;WEG v. OSM NEPA Lawsuit&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In February 2013, WEG filed a Petition for Review in the United States District Court of Colorado against OSM challenging federal administrative decisions affecting &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;seven&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; different mines in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; states issued at various times from 2007 through 2012.&amp;#160; In its petition, WEG challenges several unrelated mining plan modification approvals, which were each separately approved by OSM.&amp;#160; Of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;fifteen&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; claims for relief in the WEG Petition, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; concern SJCC&amp;#8217;s San Juan mine.&amp;#160; WEG&amp;#8217;s allegations concerning the San Juan mine arise from OSM administrative actions in 2008.&amp;#160; WEG alleges various NEPA violations against OSM, including, but not limited to, OSM&amp;#8217;s alleged failure to provide requisite public notice and participation, alleged failure to analyze certain environmental impacts, and alleged reliance on outdated and insufficient documents.&amp;#160; WEG&amp;#8217;s petition seeks various forms of relief, including a finding that the federal defendants violated NEPA by approving the mine plans; voiding, reversing, and remanding the various mining modification approvals; enjoining the federal defendants from re-issuing the mining plan approvals for the mines until compliance with NEPA has been demonstrated; and enjoining operations at the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;seven&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; mines.  SJCC intervened in this matter.  The court granted SJCC&amp;#8217;s motion to sever its claims from the lawsuit and transfer venue to the United States District Court for the District of New Mexico.  In February 2016, venue for this matter was transferred to the United States District Court for the Western District of Texas.  A stay in this matter expired on April 1, 2016 and was not renewed although the parties continued to engage in settlement negotiations.  On August 31, 2016, the court entered an order remanding the matter to OSM for the completion of an EIS.  The EIS is to be completed by August 31, 2019.  The court ruled that mining operations may continue in the interim and the litigation will be administratively closed.  If OSM does not complete the EIS within the time frame provided, the court will order immediate &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;vacatur&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the mining plan at issue.&amp;#160; The scope of the EIS will be determined through a public process and is expected to include cumulative and indirect effects of surrounding sources.  On March 22, 2017, OSM issued its Notice of Intent to initiate the public scoping process and prepare an EIS for the project.  The Notice of Intent provided that the EIS will also analyze the effects of coal combustion at SJGS.  The public comment period ended on May 8, 2017 and the EIS is now in the resource data submittal phase.  PNM cannot currently predict the outcome of this matter. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Navajo Nation Environmental Issues &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Four Corners is located on the Navajo Reservation and is held under an easement granted by the federal government, as well as a lease from the Navajo Nation.  The Navajo Acts purport to give the Navajo Nation Environmental Protection Agency authority to promulgate regulations covering air quality, drinking water, and pesticide activities, including those activities that occur at Four Corners.  In October 1995, the Four Corners participants filed a lawsuit in the District Court of the Navajo Nation challenging the applicability of the Navajo Acts to Four Corners.  In May 2005, APS and the Navajo Nation signed an agreement resolving the dispute regarding the Navajo Nation&amp;#8217;s authority to adopt operating permit regulations under the Navajo Nation Air Pollution Prevention and Control Act.  As a result of this agreement, APS sought, and the court granted, dismissal of the pending litigation in the Navajo Nation Supreme Court and the Navajo Nation District Court, to the extent the claims relate to the CAA.  The agreement does not address or resolve any dispute relating to other aspects of the Navajo Acts.  PNM cannot currently predict the outcome of these matters or the range of their potential impacts.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Cooling Water Intake Structures  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;EPA signed its final cooling water intake structures rule on May 16, 2014, which establishes national standards for certain cooling water intake structures at existing power plants and other facilities under the Clean Water Act to protect fish and other aquatic organisms by minimizing impingement mortality (the capture of aquatic wildlife on intake structures or against screens) and entrainment mortality (the capture of fish or shellfish in water flow entering and passing through intake structures).  The final rule was published on August 15, 2014 and became effective October 14, 2014. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The final rule allows multiple compliance options and considerations for site specific conditions and the permit writer is granted a significant amount of discretion in determining permit requirements, schedules, and conditions.  To minimize impingement mortality, the rule provides operators of facilities, such as SJGS and Four Corners, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;seven&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; options for meeting Best Technology Available (&amp;#8220;BTA&amp;#8221;) standards for reducing impingement.  SJGS has a closed-cycle recirculating cooling system, which is a listed BTA and may also qualify for the &amp;#8220;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;de minimis&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; rate of impingement&amp;#8221; based on the design of the intake structure.  To minimize entrainment mortality, the permitting authority must establish the BTA for entrainment on a site-specific basis, taking into consideration an array of factors, including endangered species and social costs and benefits.  Affected sources must submit source water baseline characterization data to the permitting authority to assist in the determination.  Compliance deadlines under the rule are tied to permit renewal and will be subject to a schedule of compliance established by the permitting authority.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The rule is not clear as to how it applies and what the compliance timelines are for facilities like SJGS that have a cooling water intake structure and only a multi-sector general stormwater permit.  PNM is in discussion with EPA regarding this issue.  However, PNM does not expect material changes as a result of any requirements that may be imposed upon SJGS.  The requirements related to Four Corners will be addressed in a subsequent NPDES permitting cycle that will determine APS&amp;#8217;s costs to comply with the rule.  PNM does not expect such costs to be material. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Effluent Limitation Guidelines&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 7, 2013, EPA published proposed revised wastewater effluent limitation guidelines establishing technology-based wastewater discharge limitations for fossil fuel-fired electric power plants.&amp;#160; EPA&amp;#8217;s proposal offered numerous options that target metals and other pollutants in wastewater streams originating from fly ash and bottom ash handling activities, scrubber activities, and non-chemical metal cleaning waste operations.&amp;#160; All proposed alternatives establish a &amp;#8220;zero discharge&amp;#8221; effluent limit for all pollutants in fly ash transport water.  Requirements governing bottom ash transport water differ depending on which alternative EPA ultimately chooses and could range from effluent limits based on Best Available Technology Economically Achievable to &amp;#8220;zero discharge&amp;#8221; effluent limits.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;EPA signed the final Steam Electric Effluent Guidelines rule on September 30, 2015.  The final rule, which became effective on January 4, 2016, phases in the new, more stringent requirements in the form of effluent limits for arsenic, mercury, selenium, and nitrogen for wastewater discharged from wet scrubber systems and zero discharge of pollutants in ash transport water that must be incorporated into plants&amp;#8217; NPDES permits.  Each plant must comply between 2018 and 2023 depending on when it needs a new/revised NPDES permit.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Because SJGS is zero discharge for wastewater and is not required to hold a NPDES permit, it is expected that minimal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; requirements will be imposed.  Reeves Station, a PNM-owned gas-fired generating station, discharges cooling tower blowdown to a publicly owned treatment works and holds an NPDES permit.  It is expected that minimal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; requirements will be imposed at Reeves.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On April 14, 2017, EPA filed a motion with the United States Court of Appeals for the Fifth Circuit relating to ongoing litigation of the 2016 Steam Electric Effluent Guidelines rule.  EPA asks the court to hold all proceedings in the case in abeyance until August 12, 2017 while EPA reconsiders the rule.  EPA also asks to be allowed to file a motion on August 12, 2017 to inform the court if EPA wishes to seek a remand of any provisions of the rule so that EPA may conduct further rulemaking, if appropriate.  The motion refers to the notice signed by the EPA Administrator on April 12, 2017, which announced EPA&amp;#8217;s intent to reconsider this rule, as well as EPA&amp;#8217;s administrative stay of the compliance deadlines.  On August 22, 2017, the court granted the government&amp;#8217;s motion and the litigation is held in abeyance until EPA&amp;#8217;s further rulemaking has concluded.  On September 18, 2017, EPA published the final rule for postponement of certain compliance dates that have not yet passed for the Effluent Limitations Guidelines rule, consistent with the EPA's decision to grant reconsideration of that rule.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On April 25, 2017, EPA published in the Federal Register a notice of postponement of certain compliance dates for the 2016 Steam Electric Effluent Guidelines rule, consistent with the EPA's decision to grant reconsideration of the rule.  Specifically, the deadlines that will be postponed are the "best available technology" limitations and pretreatment standards for each of the following waste streams: fly ash transport water, bottom ash transport water, flue gas desulfurization wastewater, flue gas mercury control wastewater, and gasification wastewater. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Four Corners may be required to change equipment and operating practices affecting boilers and ash handling systems, as well as change its waste disposal techniques.  Until a draft NPDES permit is proposed for Four Corners, APS is uncertain what will be required to comply with the finalized effluent limitations.&amp;#160; PNM is unable to predict the outcome of this matter or a range of the potential costs of compliance.&amp;#160; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Santa Fe Generating Station  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM and the NMED are parties to agreements under which PNM installed a remediation system to treat water from a City of Santa Fe municipal supply well, an extraction well, and monitoring wells to address gasoline contamination in the groundwater at the site of PNM&amp;#8217;s former Santa Fe Generating Station and service center.  PNM believes the observed groundwater contamination originated from off-site sources, but agreed to operate the remediation facilities until the groundwater meets applicable federal and state standards or until the NMED determines that additional remediation is not required, whichever is earlier.  The City of Santa Fe has indicated that since the City no longer needs the water from the well, the City would prefer to discontinue its operation and maintain it only as a backup water source.  However, for PNM&amp;#8217;s groundwater remediation system to operate, the water well must be in service.  Currently, PNM is not able to assess the duration of this project or estimate the impact on its obligations if the City of Santa Fe ceases to operate the water well. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Superfund Oversight Section of the NMED also has conducted multiple investigations into the chlorinated solvent plume in the vicinity of the site of the former Santa Fe Generating Station.  In February 2008, a NMED site inspection report was submitted to EPA, which states that neither the source nor extent of contamination has been determined and that the source may not be the former Santa Fe Generating Station.  Results of tests conducted by NMED in April 2012 and April 2013 showed elevated concentrations of nitrate in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; monitoring wells and an increase in free-phase hydrocarbons in another well.  PNM conducted similar site-wide sampling activities in April 2014 and obtained results similar to the 2013 data.  As part of this effort, PNM also collected a sample of hydrocarbon product for &amp;#8220;fingerprint&amp;#8221; analysis from a monitoring well located on the northeastern corner of the property.&amp;#160; This analysis indicated that the hydrocarbon product was a mixture of newer and older fuels, and the location of the monitoring well suggests that the hydrocarbon product is likely from offsite sources.  PNM does not believe the former generating station is the source of the increased levels of free-phase hydrocarbons, but no conclusive determinations have been made.  However, it is possible that PNM&amp;#8217;s prior activities to remediate hydrocarbon contamination, as conducted under an NMED-approved plan, may have resulted in increased nitrate levels.&amp;#160; Therefore, PNM has agreed to monitor nitrate levels in a limited number of wells under the terms of the renewed discharge permit for the former generating station.&amp;#160; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Effective December 22, 2015, PNM and NMED entered into a memorandum of understanding to address changing groundwater quality conditions at the site.  Under the memorandum, PNM will continue hydrocarbon investigation of the site under the supervision of NMED and qualified costs of the work will be eligible for payment through the New Mexico Corrective Action Fund (&amp;#8220;CAF&amp;#8221;), which is administered by the NMED Petroleum Storage Tank Bureau.  Among other things, money in the CAF is available to NMED to make payments to or on behalf of owners and operators for corrective action taken in accordance with statutory and regulatory requirements to investigate, minimize, eliminate, or clean up a release.   PNM&amp;#8217;s work plan and cost estimates for specific groundwater investigation tasks were approved by the Petroleum Storage Tank Bureau.  PNM submitted a monitoring plan consisting of a compilation of the data associated with the recent monitoring activities conducted under the CAF to NMED on October 3, 2016.  PNM has completed all CAF-related work associated with the monitoring plan and has received NMED&amp;#8217;s approval.  Under the next phase, NMED will prepare a scope of work for PNM&amp;#8217;s review and concurrence, which PNM anticipates will include installation of additional monitoring wells, as well as additional sampling of certain existing monitoring wells at the site.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is unable to predict the outcome of these matters.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Coal Combustion Byproducts Waste Disposal &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;CCBs consisting of fly ash, bottom ash, and gypsum generated from coal combustion at SJGS are currently disposed of in the surface mine pits adjacent to the plant.  SJGS does not operate any CCB impoundments or landfills.  The NMMMD currently regulates placement of ash in the San Juan mine with federal oversight by the OSM.  APS disposes of CCBs in ash ponds and dry storage areas at Four Corners.&amp;#160; Ash management at Four Corners is regulated by EPA and the New Mexico State Engineer&amp;#8217;s Office. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In June 2010, EPA published a proposed rule that included &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; options for waste designation of coal ash.  &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;One&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; option was to regulate CCBs as a hazardous waste, which would allow EPA to create a comprehensive federal program for waste management and disposal of CCBs.  The other option was to regulate CCBs as a non-hazardous waste, which would provide EPA with the authority to develop performance standards for waste management facilities handling CCBs and would be enforced primarily by state authorities or through citizen suits.  Both options allow for continued use of CCBs in beneficial applications.&amp;#160;   &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On December 19, 2014, EPA issued its coal ash rule, including a non-hazardous waste determination for coal ash.  Coal ash will be regulated as a solid waste under Subtitle D of RCRA.  The rule sets minimum criteria for existing and new CCB landfills and existing and new CCB surface impoundments and all lateral expansions consisting of location restrictions, design and operating criteria; groundwater monitoring and corrective action; closure requirements and post closure care; and recordkeeping, notification, and internet posting requirements.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Because the rule is promulgated under Subtitle D, it does not require regulated facilities to obtain permits, does not require the states to adopt and implement the new rules, and is not within EPA&amp;#8217;s enforcement jurisdiction.  Instead, the rule&amp;#8217;s compliance mechanism is for a state or citizen group to bring a RCRA citizen suit in federal district court against any facility that is alleged to be in non-compliance with the new requirements.  EPA published the final CCB rule in the Federal Register on April 17, 2015, with an effective date of October 19, 2015.  Based upon the requirements of the final rule, PNM conducted a CCB assessment at SJGS and made minor modifications at the plant to ensure that there are no facilities which would be considered impoundments or landfills under the rule.  PNM does not expect it to have a material impact on operations, financial position, or cash flows. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As indicated above, CCBs at Four Corners are currently disposed of in ash ponds and dry storage areas.  Depending upon the results of groundwater monitoring required by the CCB rule, Four Corners may be required to take corrective action.  Initial monitoring at Four Corners is not yet complete, so expenditures related to potential corrective actions, if any, cannot be reasonably estimated at this time. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Pursuant to a June 24, 2016 order by the DC Circuit in litigation by industry and environmental groups challenging EPA&amp;#8217;s CCB regulations, EPA is required to complete a rulemaking proceeding by June 2019 to address specific technical issues related to the handling of CCBs.&amp;#160; EPA is not required to take final action approving the inclusion of boron, but EPA must propose and consider its inclusion.&amp;#160; Should EPA take final action adding boron to the list of groundwater constituents, corrective action may be required.  Any resulting corrective action measures may increase costs of compliance with the CCB rule at coal-fired generating facilities.&amp;#160; At this time, PNM cannot predict when EPA will commence its rulemaking concerning boron or the eventual results of those proceedings.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On December 16, 2016, the Water Infrastructure Improvements for the Nation Act (the &amp;#8220;WIIN Act&amp;#8221;) was signed into law to address critical water infrastructure needs in the United States.  The WIIN Act contains a number of provisions requiring EPA to modify the self-implementing provisions of the current CCB rules under Subtitle D.  Among other things, the WIIN Act provides for the establishment of state and EPA permit programs for CCBs, provides flexibility for states to incorporate the EPA final rule for CCBs or develop other criteria that are at least as protective as the EPA&amp;#8217;s final rule, and requires EPA to approve state permit programs within &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;180&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days of submission by the state for approval.  As a result, the CCB rule is no longer self-implementing and there will either be a state or federal permit program.  Subject to Congressional appropriated funding, EPA will implement the permit program in states that choose not to implement a program.  Until permit programs are in effect, EPA has authority to directly enforce the self-implementing CCB rule.  For facilities located within the boundaries of Native American tribal reservations, such as the Navajo Nation where Four Corners is located, EPA is required to develop a federal permit program regardless of appropriated funds.  EPA has yet to undertake rulemaking proceedings to implement the CCB provisions of the WIIN Act.  There is no time line for establishing either state or federal permitting programs.  APS recently filed a comment letter with EPA seeking clarification as to when and how EPA would be initiating permit proceedings for facilities on tribal reservations, including Four Corners.  PNM is unable to predict when EPA will be issuing permits for Four Corners.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Based upon utility industry petitions for EPA to reconsider the RCRA Subtitle D regulations for CCBs, which were premised in part on the provisions of the WIIN Act, on September 13, 2017, EPA agreed to evaluate whether to revise the CCB regulations.  At this time, it is not clear whether the EPA will initiate further notice-and-comment rulemaking to revise the CCB rules or what aspects of the rules might be changed as a result of this process.  With respect to ongoing litigation initiated by industry and environmental groups challenging the legality of the CCB regulations, the DC Circuit ordered EPA to file a list of federal regulatory provisions addressing CCBs that are or likely will be revised by November 15, 2017.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The CCB rule does not cover mine placement of coal ash.  OSM is expected to publish a proposed rule covering mine placement in the future and will likely be influenced by EPA&amp;#8217;s rule.  PNM cannot predict the outcome of OSM&amp;#8217;s proposed rulemaking regarding CCB regulation, including mine placement of CCBs, or whether OSM&amp;#8217;s actions will have a material impact on PNM&amp;#8217;s operations, financial position, or cash flows.   PNM would seek recovery from its ratepayers of all CCB costs that are ultimately incurred.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"&gt;Other Commitments and Contingencies&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Coal Supply &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;SJGS&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The coal requirements for SJGS are supplied by SJCC.  SJCC holds certain federal, state, and private coal leases.  Through January 31, 2016, SJCC was a wholly-owned subsidiary of BHP and supplied processed coal for operation of SJGS under an underground coal sales agreement (&amp;#8220;UG-CSA&amp;#8221;) that was to expire on December 31, 2017.  In addition to coal delivered to meet the current needs of SJGS, PNM prepaid SJCC for certain coal mined but not yet delivered to the plant site.  At September 30, 2017 and December 31, 2016, prepayments for coal (including amounts purchased from the existing SJGS participants discussed below), which are included in other current assets, amounted to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$31.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$48.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Additional information concerning the coal supply for SJGS is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In conjunction with the activities undertaken to comply with the CAA for SJGS, as discussed above, PNM and the other owners of SJGS evaluated alternatives for the supply of coal to SJGS after the expiration of the UG-CSA.  On July 1, 2015, PNM and Westmoreland Coal Company (&amp;#8220;Westmoreland&amp;#8221;) entered into a new coal supply agreement (&amp;#8220;CSA&amp;#8221;), pursuant to which Westmoreland would supply all of the coal requirements of SJGS through June 30, 2022.  PNM and Westmoreland also entered into agreements under which Westmoreland would provide CCB disposal and mine reclamation services for SJGS.  Contemporaneous with the entry into the coal-related agreements, Westmoreland entered into a stock purchase agreement (the &amp;#8220;Stock Purchase Agreement&amp;#8221;) on July 1, 2015 to acquire all of the capital stock of SJCC.  In addition, PNM, Tucson, SJCC, and SJCC&amp;#8217;s owner entered into an agreement to terminate the existing UG-CSA upon the effective date of the new CSA. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The CSA became effective as of 11:59 PM on January 31, 2016, upon the closing under the Stock Purchase Agreement.  Upon closing under the Stock Purchase Agreement, Westmoreland&amp;#8217;s rights and obligations under the CSA and the agreements for CCB disposal and mine reclamation services were assigned to SJCC.  Westmoreland has guaranteed SJCC&amp;#8217;s performance under the CSA.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Pricing under the CSA is primarily fixed, adjusted to reflect general inflation.  The pricing structure takes into account that SJCC has been paid for coal mined but not delivered, as discussed above.  PNM has the option to extend the CSA, subject to negotiation of the term of the extension and compensation to the miner.  In order to extend, PNM must give written notice of that intent by July 1, 2018 and the parties must agree to the terms of the extension by January 1, 2019.  However, as discussed in Note 12, PNM&amp;#8217;s 2017 IRP shows that retirement of PNM&amp;#8217;s SJGS capacity in 2022 would be cost-effective for customers.  If retirement of SJGS is approved by the NMPRC, there will be no need to extend the CSA.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The RA sets forth terms under which PNM acquired the coal inventory, including coal mined but not delivered, of the exiting SJGS participants as of January 1, 2016 and is supplying coal to the SJGS exiting participants for the period from January 1, 2016 through December 31, 2017 and to the SJGS remaining participants over the term of the CSA.  Coal costs under the CSA are significantly less than under the previous arrangement with SJCC.  Since substantially all of PNM&amp;#8217;s coal costs are passed through the FPPAC, the benefit of the reduced costs and the economic benefits of the coal inventory arrangement with the exiting owners are passed through to PNM&amp;#8217;s customers.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In support of the closing under the Stock Purchase Agreement and to facilitate PNM customer savings, NM Capital, a wholly-owned subsidiary of PNMR, provided funding of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (the &amp;#8220;Westmoreland Loan&amp;#8221;) to Westmoreland San Juan, LLC (&amp;#8220;WSJ&amp;#8221;), a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland, to finance WSJ&amp;#8217;s purchase of the stock of SJCC (including an insignificant affiliate) under the Stock Purchase Agreement.  NM Capital was able to provide the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; financing to WSJ by first entering into a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; term loan agreement (the &amp;#8220;BTMU Term Loan Agreement&amp;#8221;) with BTMU, as lender and administrative agent.  The BTMU Term Loan Agreement became effective as of February 1, 2016, matures on February 1, 2021, and bears interest at a rate based on LIBOR plus a customary spread.  In connection with the BTMU Term Loan Agreement, PNMR, as parent company of NM Capital, has guaranteed NM Capital&amp;#8217;s obligations to BTMU.  The balance outstanding under the BTMU Term Loan Agreement was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$60.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Westmoreland Loan is a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; loan agreement among NM Capital, as lender, WSJ, as borrower, SJCC and its affiliate, as guarantors, BTMU, as administrative agent, and MUFG Union Bank, N.A., as depository bank.  The Westmoreland Loan became effective as of February 1, 2016, and matures on February 1, 2021.  The interest rate on the Westmoreland Loan escalates over time and was initially a rate of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.25%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; plus LIBOR.  Such rate is &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.25%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; plus LIBOR for the period from February 1, 2017 through January 31, 2018.  WSJ must pay principal and interest quarterly to NM Capital in accordance with an amortization schedule.  In addition, the Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the amount outstanding under the Westmoreland Loan was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$66.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The next principal payment of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$9.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; plus interest of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is due on November 1, 2017.  As of October 20, 2017, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$11.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was held in a SJCC restricted bank account that is to be used solely to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC and its affiliate.  The Westmoreland Loan also includes customary representations and warranties, covenants, and events of default.  There are &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; prepayment penalties. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In connection with certain mining permits relating to the operation of the San Juan mine, SJCC is required to post reclamation bonds of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$118.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; with the NMMMD.  In order to facilitate the posting of reclamation bonds by sureties on behalf of SJCC, PNMR entered into separate letter of credit arrangements with a bank under which letters of credit aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$30.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; have been issued.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Four Corners&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;APS purchased all of Four Corners&amp;#8217; coal requirements from a supplier that was also a subsidiary of BHP and had a long-term lease of coal reserves with the Navajo Nation.  That contract was to expire on July 6, 2016 with pricing determined using an escalating base-price.  On December 30, 2013, ownership of the mine was transferred to NTEC, an entity owned by the Navajo Nation, and a new coal supply contract for Four Corners, beginning in July 2016 and expiring in 2031, was entered into with NTEC (the &amp;#8220;Four Corners CSA&amp;#8221;).  The BHP subsidiary was retained as the mine manager and operator through December 2016.  Bisti Fuels Company, LLC, a subsidiary of The North American Coal Corporation, took over management and operation of the mine effective January 1, 2017.  The average coal price per MMBTU under the new contract was approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;"&gt;51%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; higher in the twelve months ended June 30, 2017 than in the twelve months ended June 30, 2016, excluding the disputed amounts discussed below.  The contract provides for pricing adjustments over its term based on economic indices.  PNM anticipates that its share of the increased costs will be recovered through its FPPAC.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Four Corners Coal Supply Arbitration &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; The owners of Four Corners are obligated to purchase a specified minimum amount of coal each contract year and to pay for any shortfall of coal that they fail to take delivery of below the minimum amount, except when caused by &amp;#8220;uncontrollable forces&amp;#8221; as defined in the Four Corners CSA.&amp;#160; On June 13, 2017, APS received a demand for arbitration from NTEC in connection with the Four Corners CSA.&amp;#160; NTEC sought a declaratory judgment to support its interpretation of a provision regarding uncontrollable forces in the agreement relating to the annual minimum quantities of coal to be purchased by the Four Corners owners.  NTEC also alleged a shortfall in those purchases for the initial contract year, which ended June 30, 2017, of which PNM&amp;#8217;s share is estimated to be approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$6.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.&amp;#160; On September 20, 2017, NTEC amended its demand for arbitration removing the request for a declaratory judgment and is now only seeking relief for the alleged shortfall in purchases in the initial contract year.  PNM anticipates that substantially all of any amount it ultimately is required to pay would be passed through to customers under PNM&amp;#8217;s FPPAC.  Although PNM cannot predict the timing or outcome of the arbitration, the outcome is not expected to have a material impact on its financial position, results of operations or cash flows. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Coal Mine Reclamation&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In conjunction with the proposed shutdown of SJGS Units 2 and 3 to comply with the BART requirements of the CAA, an updated coal mine reclamation study was requested by the SJGS participants.  In 2013, PNM updated its study of the final reclamation costs for both the surface mines that previously provided coal to SJGS and the current underground mine providing coal and revised its estimates of the final reclamation costs.  This estimate reflected that, with the proposed shutdown of SJGS Units 2 and 3 described above, the mine providing coal to SJGS would continue to operate through 2053, the anticipated life of SJGS.  The 2013 coal mine reclamation study indicated reclamation costs had increased, including significant increases due to the proposed shutdown of SJGS Units 2 and 3, which would reduce the amount of CCBs generated over the remaining life of SJGS and result in a significant increase in the amount of fill dirt required to remediate the underground mine area thereby increasing the overall reclamation costs.  As discussed under Coal Combustion Byproducts Waste Disposal above, SJGS currently disposes of CCBs from the plant in the surface mine pits adjacent to the plant.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 2015, PNM updated its final reclamation costs estimates to reflect the terms of the new reclamation services agreement with Westmoreland, discussed above, and changes resulting from the approval of the 2015 SJCC Mine Permit Plan.  The 2015 reclamation cost estimate reflected that the scope and pricing structure of the reclamation service agreement with Westmoreland would significantly increase reclamation costs.  In addition, design plan changes, updated regulatory expectations, and common mine reclamation practices incorporated into the 2015 SJCC Mine Permit reflect an increase in the 2015 reclamation cost estimate.  The impacts of these increases, amounting to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$16.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, were recorded at December 31, 2015.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Upon effectiveness of the CSA and the RA, PNM, on behalf of the SJGS owners, coordinated a more detailed coal mine reclamation cost study, which was completed in the third quarter of 2016.   To complete the study, PNM was provided access to the mine site and obtained supporting data from Westmoreland, allowing for the 2015 study to be refined with a more extensive engineering analysis.  This reclamation cost estimate reflected the terms of the new reclamation services agreement with Westmoreland and continuation of mining operations through 2053.  The study indicated an increase in the reclamation cost estimate.  PNM&amp;#8217;s &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; share of the increase was recorded in the three months ended September 30, 2016.  The current estimate for decommissioning the mine serving Four Corners reflects the operation of the mine through 2031, the term of the new agreement for coal supply. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Based on the 2016 estimates and PNM&amp;#8217;s current ownership share of SJGS, PNM&amp;#8217;s remaining payments as of September 30, 2017 for mine reclamation, in future dollars, are estimated to be &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$100.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the surface mines at both SJGS and Four Corners and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$127.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the underground mine at SJGS.  At September 30, 2017 and December 31, 2016, liabilities, in current dollars, of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$41.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$41.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for surface mine reclamation and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$14.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$14.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for underground mine reclamation were recorded in other deferred credits. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As discussed in Note 12, PNM filed its 2017 IRP on July 3, 2017.  The conclusions contained in the 2017 IRP indicate that it would be cost beneficial to PNM&amp;#8217;s customers for PNM to retire its SJGS capacity in 2022 and for PNM to exit its ownership interest in Four Corners in 2031.  If the NMPRC orders the abandonment of those facilities, PNM would be required to remeasure its liability for coal mine reclamation to reflect that reclamation activities would occur sooner than currently anticipated.  The remeasurement would likely result in a significant increase in PNM&amp;#8217;s liability for SJGS mine reclamation due to a further increase in the amount of fill dirt required to remediate the mine areas thereby increasing the overall reclamation costs.  PNM would record a regulatory asset for amounts recoverable from ratepayers under existing or future orders of the NMPRC and amounts not recoverable would be expensed.  PNM cannot predict what actions the NMPRC might take. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Under the terms of the CSA, PNM and the other SJGS owners are obligated to compensate SJCC for all reclamation costs associated with the supply of coal from the San Juan mine.  The SJGS owners entered into a reclamation trust funds agreement to provide funding to compensate SJCC for post-term reclamation obligations under the UG-CSA.  As part of the restructuring of SJGS ownership (see SJGS Ownership Restructuring Matters above), the SJGS owners and PNMR Development negotiated the terms of an amended agreement to fund post-term reclamation obligations under the CSA.  The trust funds agreement requires each owner to enter into an individual trust agreement with a financial institution as trustee, create an irrevocable reclamation trust, and periodically deposit funds into the reclamation trust for the owner&amp;#8217;s share of the mine reclamation obligation.  Deposits, which are based on funding curves, must be made on an annual basis.  As part of the restructuring of SJGS ownership discussed above, the SJGS participants agreed to adjusted interim trust funding levels.  Based on PNM&amp;#8217;s reclamation trust fund balance at September 30, 2017, the current funding curves indicate PNM&amp;#8217;s required contributions to its reclamation trust fund would be &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$5.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2017, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$8.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2018, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$8.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2019.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Under the Four Corners CSA, which became effective on July 7, 2016, PNM is required to fund its ownership share of estimated final reclamation costs in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;thirteen&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; annual installments, beginning on August 1, 2016, into an irrevocable escrow account solely dedicated to the final reclamation cost of the surface mine at Four Corners.  PNM contributed &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to the escrow account in July 2017 and anticipates providing additional funding of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in each of 2018 and 2019.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM collects a provision for surface and underground mine reclamation costs in its rates.  The NMPRC has capped the amount that can be collected from retail customers for final reclamation of the surface mines at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$100.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Previously, PNM recorded a regulatory asset for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$100.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and recovers the amortization of this regulatory asset in rates.  If future estimates increase the liability for surface mine reclamation, the excess would be expensed at that time.  The reclamation amounts discussed above reflect PNM&amp;#8217;s estimates of its share of the revised costs.  Regulatory determinations made by the NMPRC may also affect the impact on PNM.  PNM is currently unable to determine the outcome of these matters or the range of possible impacts.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Continuous Highwall Mining Royalty Rate&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In August 2013, the DOI Bureau of Land Management (&amp;#8220;BLM&amp;#8221;) issued a proposed rulemaking that would retroactively apply the surface mining royalty rate of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;12.5%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to continuous highwall mining (&amp;#8220;CHM&amp;#8221;).&amp;#160; Comments regarding the rulemaking were due on October 11, 2013 and PNM submitted comments in opposition to the proposed rule.  There is no legal deadline for adoption of the final rule.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;SJCC utilized the CHM technique from 2000 to 2003 and, with the approval of the Farmington, New Mexico Field Office of BLM to reclassify the final highwall as underground reserves, applied the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;8.0%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; underground mining royalty rate to coal mined using CHM and sold to SJGS.&amp;#160; In March 2001, SJCC learned that the DOI Minerals Management Service (&amp;#8220;MMS&amp;#8221;) disagreed with the application of the underground royalty rate to CHM.&amp;#160; In August 2006, SJCC and MMS entered into an agreement tolling the statute of limitations on any administrative action to recover unpaid royalties until BLM issued a final, non-appealable determination as to the proper rate for CHM-mined coal.&amp;#160; The proposed BLM rulemaking has the potential to terminate the tolling provision of the settlement agreement, and underpaid royalties of approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for SJGS would become due if the proposed BLM rule is adopted as proposed.&amp;#160; PNM&amp;#8217;s share of any amount that is ultimately paid would be approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;46.3%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, none of which would be passed through PNM&amp;#8217;s FPPAC.  PNM is unable to predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PVNGS Liability and Insurance Matters &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Public liability for incidents at nuclear power plants is governed by the Price-Anderson Nuclear Industries Indemnity Act, which limits the liability of nuclear reactor owners to the amount of insurance available from both commercial sources and an industry-wide retrospective payment plan.  In accordance with this act, the PVNGS participants are insured against public liability exposure for a nuclear incident up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$13.4 billion&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per occurrence.  PVNGS maintains the maximum available nuclear liability insurance in the amount of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$450 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which is provided by American Nuclear Insurers.  The remaining &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$13.0 billion&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is provided through a mandatory industry-wide retrospective assessment program.  If losses at any nuclear power plant covered by the program exceed the accumulated funds, PNM could be assessed retrospective premium adjustments.  Based on PNM&amp;#8217;s &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;10.2%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; interest in each of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PVNGS units, PNM&amp;#8217;s maximum potential retrospective premium assessment per incident for all &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; units is &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$38.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, with a maximum annual payment limitation of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$5.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, to be adjusted periodically for inflation. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The PVNGS participants maintain insurance for damage to, and decontamination of, property at PVNGS in the aggregate amount of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$2.75 billion&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, a substantial portion of which must first be applied to stabilization and decontamination.  These coverages are provided by Nuclear Electric Insurance Limited (&amp;#8220;NEIL&amp;#8221;).  The primary policy offered by NEIL contains a sublimit of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.25 billion&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for non-nuclear property damage.  If NEIL&amp;#8217;s losses in any policy year exceed accumulated funds, PNM is subject to retrospective premium adjustments of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$5.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for each retrospective premium assessment declared by NEIL&amp;#8217;s Board of Directors due to losses.  The insurance coverages discussed in this and the previous paragraph are subject to certain policy conditions, sublimits, and exclusions. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Water Supply &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Because of New Mexico&amp;#8217;s arid climate and periodic drought conditions, there is concern in New Mexico about the use of water, including that used for power generation.  Although PNM does not believe that its operations will be materially affected by drought conditions at this time, it cannot forecast long-term weather patterns.  Public policy, local, state and federal regulations, and litigation regarding water could also impact PNM operations.  To help mitigate these risks, PNM has secured permanent groundwater rights for the existing plants at Reeves Station, Rio Bravo, Afton, Luna, Lordsburg, and La Luz.  Water availability is not an issue for these plants at this time.  However, prolonged drought, ESA activities, and a federal lawsuit by the State of Texas (suing the State of New Mexico over water deliveries) could pose a threat of reduced water availability for these plants.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;For SJGS and Four Corners, PNM and APS have negotiated an agreement with the more senior water rights holders (tribes, municipalities, and agricultural interests) in the San Juan basin to mutually share the impacts of water shortages with tribes and other water users in the San Juan basin.  The agreement to share shortages in 2017 through 2020 has been negotiated and awaits endorsement by the parties and the New Mexico State Engineer.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In April 2010, APS signed an agreement on behalf of the PVNGS participants with &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;five&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; cities to provide cooling water essential to power production at PVNGS for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PVNGS Water Supply Litigation &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 1986, an action commenced regarding the rights of APS and the other PVNGS participants to the use of groundwater and effluent at PVNGS.  APS filed claims that dispute the court&amp;#8217;s jurisdiction over PVNGS&amp;#8217; groundwater rights and their contractual rights to effluent relating to PVNGS and, alternatively, seek confirmation of those rights.  In 1999, the Arizona Supreme Court issued a decision finding that certain groundwater rights may be available to the federal government and Indian tribes.  In addition, the Arizona Supreme Court issued a decision in 2000 affirming the lower court&amp;#8217;s criteria for resolving groundwater claims.  Litigation on these issues has continued in the trial court.  No trial dates have been set in these matters.  PNM does not expect that this litigation will have a material impact on its results of operation, financial position, or cash flows. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;San Juan River Adjudication  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 1975, the State of New Mexico filed an action in New Mexico District Court to adjudicate all water rights in the San Juan River Stream System, including water used at Four Corners and SJGS.  PNM was made a defendant in the litigation in 1976.  In March 2009, former President Obama signed legislation confirming a 2005 settlement with the Navajo Nation.  Under the terms of the settlement agreement, the Navajo Nation&amp;#8217;s water rights would be settled and finally determined by entry by the court of two proposed adjudication decrees.&amp;#160; The court issued an order in August 2013 finding that no evidentiary hearing was warranted in the Navajo Nation proceeding and, on November 1, 2013, issued a Partial Final Judgment and Decree of the Water Rights of the Navajo Nation approving the proposed settlement with the Navajo Nation.  Several parties filed a joint motion for a new trial, which was denied by the court.  A number of parties subsequently appealed to the New Mexico Court of Appeals.  PNM has entered its appearance in the appellate case.  The issues have been fully briefed and the matter is pending with the New Mexico Court of Appeals. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is participating in this proceeding since PNM&amp;#8217;s water rights in the San Juan Basin may be affected by the rights recognized in the settlement agreement as being owned by the Navajo Nation, which comprise a significant portion of water available from sources on the San Juan River and in the San Juan Basin.  PNM is unable to predict the ultimate outcome of this matter or estimate the amount or range of potential loss and cannot determine the effect, if any, of any water rights adjudication on the present arrangements for water at SJGS and Four Corners.  Final resolution of the case cannot be expected for several years.  An agreement reached with the Navajo Nation in 1985, however, provides that if Four Corners loses a portion of its rights in the adjudication, the Navajo Nation will provide, for an agreed upon cost, sufficient water from its allocation to offset the loss.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Rights-of-Way Matter&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On January 28, 2014, the County Commission of Bernalillo County, New Mexico passed an ordinance requiring utilities to enter into a use agreement and pay a yet-to-be-determined fee as a condition to installing, maintaining, and operating facilities on county rights-of-way.  The fee is purported to compensate the county for costs of administering and maintaining the rights-of-way, as well as for capital improvements.  On February 27, 2014, PNM and other utilities filed a Complaint for Declaratory and Injunctive Relief in the United States District Court for the District of New Mexico challenging the validity of the ordinance.  The court denied the utilities&amp;#8217; motion for judgment.  The court further granted the County&amp;#8217;s motion to dismiss the state law claims.  The utilities filed an&amp;#160;amended complaint reflecting the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; federal claims remaining before the federal court.  The utilities also filed a complaint in Bernalillo County, New Mexico District Court reflecting the state law counts dismissed by the federal court.  In subsequent briefing in federal court, the County filed a motion for judgment on &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the utilities&amp;#8217; claims, which was granted by the court, leaving a claim regarding telecommunications service as the remaining federal claim.  On January 4, 2016, the utilities filed an Application for Interlocutory Appeal from the state court, which was denied.  On March 28, 2017, the utilities filed a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Writ of Certiorari &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;with the NM Supreme Court, which was denied&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#1f497d;"&gt;.&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;  The matter will proceed in New Mexico District Court.  The utilities and Bernalillo County reached a standstill agreement whereby the County would not take any enforcement action against the utilities pursuant to the ordinance during the pendency of the litigation, but not including any period for appeal of a judgment, or upon &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days written notice by either the County or the utilities of their intention to terminate the agreement.  If the challenges to the ordinance are unsuccessful, PNM believes any fees paid pursuant to the ordinance would be considered franchise fees and would be recoverable from customers.  PNM is unable to predict the outcome of this matter or its impact on PNM&amp;#8217;s operations.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Navajo Nation Allottee Matters &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;A putative class action was filed against PNM and other utilities in February 2009 in the United States District Court for the District of New Mexico.  Plaintiffs claim to be allottees, members of the Navajo Nation, who pursuant to the Dawes Act of 1887, were allotted ownership in land carved out of the Navajo Nation and allege that defendants, including PNM, are rights-of-way grantees with rights-of-way across the allotted lands and are either in trespass or have paid insufficient fees for the grant of rights-of-way or both.&amp;#160; In March 2010, the court ordered that the entirety of the plaintiffs&amp;#8217; case be dismissed.  The court did not grant plaintiffs leave to amend their complaint, finding that they instead must pursue and exhaust their administrative remedies before seeking redress in federal court.&amp;#160; In May 2010, plaintiffs filed a Notice of Appeal with the Bureau of Indian Affairs (&amp;#8220;BIA&amp;#8221;), which was denied by the BIA Regional Director.  In May 2011, plaintiffs appealed the Regional Director&amp;#8217;s decision to the DOI, Office of Hearings and Appeals, Interior Board of Indian Appeals.  Following briefing on the merits, on August 20, 2013, that board issued a decision upholding the Regional Director&amp;#8217;s decision that the allottees had failed to perfect their appeals, and dismissed the allottees&amp;#8217; appeals, without prejudice. &amp;#160;The allottees have not refiled their appeals.  Although this matter was dismissed without prejudice, PNM considers the matter concluded.  However, PNM continues to monitor this matter in order to preserve its interests regarding any PNM-acquired rights-of-way.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In a separate matter, in September 2012, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; landowners claiming to be Navajo allottees filed a notice of appeal with the BIA appealing a March 2011 decision of the BIA Regional Director regarding renewal of a right-of-way for a PNM transmission line.  The allottees, many of whom are also allottees in the above matter, generally allege that they were not paid fair market value for the right-of-way, that they were denied the opportunity to make a showing as to their view of fair market value, and thus denied due process.  On January 6, 2014, PNM received notice that the BIA, Navajo Region, requested a review of an appraisal report on &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;"&gt;58&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; allotment parcels.  After review, the BIA concluded it would continue to rely on the values of the original appraisal.  On March 27, 2014, while this matter was stayed, the allottees filed a motion to dismiss their appeal with prejudice.&amp;#160; On April 2, 2014, the allottees&amp;#8217; appeal was dismissed with prejudice.  Subsequent to the dismissal, PNM received a letter from counsel on behalf of what appears to be a subset of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; landowner allottees involved in the appeal, notifying PNM that the specified allottees were revoking their consents for renewal of right of way on &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;six&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; specific allotments.&amp;#160; On January 22, 2015, PNM received a letter from the BIA Regional Director identifying &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;ten&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; allotments with rights-of-way renewals that were previously contested.&amp;#160; The letter indicated that the renewals were not approved by the BIA because the previous consent obtained by PNM was later revoked, prior to BIA approval, by the majority owners of the allotments.  It is the BIA Regional Director&amp;#8217;s position that PNM must re-obtain consent from these landowners.  On July 13, 2015, PNM filed a condemnation action in the United States District Court for the District of New Mexico regarding the approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15.49&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; acres of land at issue.  On December 1, 2015, the court ruled that PNM could not condemn &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;five&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; allotments at issue based on the Navajo Nation&amp;#8217;s fractional interest in the land.  PNM&amp;#8217;s motion for reconsideration of this ruling was denied.  On March 31, 2016, the Tenth Circuit granted PNM&amp;#8217;s petition to appeal the December 1, 2015 ruling.  On September 18, 2015, the allottees filed a separate complaint against PNM for federal trespass.  Both matters have been consolidated and are stayed while PNM pursues its appeal before the Tenth Circuit.  On June 27, 2016, PNM filed its opening brief in the Tenth Circuit.  &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Amicus&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; briefs were filed in support of PNM&amp;#8217;s position.  On October 5, 2016, the United States, the Navajo Nation, and individual allottees filed their response briefs.  After the response briefs were filed, other entities requested leave to file &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;amicus&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; briefs addressing arguments raised in the United States&amp;#8217; response brief.  Oral argument before the Tenth Circuit was heard on January 17, 2017.  On May 26, 2017, the Tenth Circuit affirmed the district court.  On July 8, 2017, PNM filed a Motion for Reconsideration &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;en banc &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;with the Tenth Circuit.  On July 21, 2017, the court denied PNM&amp;#8217;s Motion for Reconsideration.  On July 26, 2017, PNM filed a motion to stay implementation of the court&amp;#8217;s decision, which was denied.  PNM is considering all of its procedural options going forward in the litigation.  On September 11, 2017, PNM filed an Application for Extension of Time to File a Petition for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Writ of Certiorari&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the US Supreme Court.  PNM&amp;#8217;s application for an extension of time to November 20, 2017 was granted.  On October 23, 2017, the parties filed a Joint Motion to Stay the federal district court case for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;90&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; days based on the Navajo Nation&amp;#8217;s acquisition of interests in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; additional allotments and the unresolved ownership of the fifth allotment due to the owner&amp;#8217;s death.  The court granted this motion on October 24, 2017. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM cannot predict the outcome of these matters.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sales Tax Audits&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In November 2011, PNMR completed the sale of its retail electric provider, which operated in Texas under the name First Choice Power (&amp;#8220;First Choice&amp;#8221;).  Under the sale agreement, PNMR is contractually obligated for First Choice&amp;#8217;s taxes relating to periods prior to the sale.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Texas Comptroller of Public Accounts (&amp;#8220;Comptroller&amp;#8221;) has initiated audits of First Choice&amp;#8217;s sales and use tax filings and miscellaneous gross receipts tax filings for periods prior to the sale.  During the course of the audits, PNMR accrued an immaterial liability for items identified in the audits for which PNMR believed an unfavorable resolution was probable.  The Comptroller has issued notifications of audit results indicating additional tax due of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$5.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, plus penalties and interest.  The primary issue in dispute is the disallowance by the auditor of the tax benefits of bad debt charge-offs and billing credits.  On behalf of First Choice, PNMR filed requests for redetermination for both audits.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR has engaged in continued discussions with the Comptroller, as well as supplying additional documentation in support of PNMR&amp;#8217;s positions.  If PNMR and the Comptroller do not reach agreement, this matter will go to hearing with the Texas State Office of Administrative Hearings.  Although PNMR believes its positions are correct, it is unable to predict the outcome of this matter.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
	<us-gaap:ConsolidationPolicyTextBlock contextRef="FD2017Q3YTD" id="Fact-F0833ED345E0E68C62F0E7FF2B5C0AB5">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Principles of Consolidation&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Condensed Consolidated Financial Statements of each of PNMR, PNM, and TNMP include their accounts and those of subsidiaries in which that entity owns a majority voting interest.  PNM also consolidates Valencia (Note 5) and, through January 15, 2016, the PVNGS Capital Trust.  PNM owns undivided interests in several jointly-owned power plants and records its pro-rata share of the assets, liabilities, and expenses for those plants.  The agreements for the jointly-owned plants provide that if an owner were to default on its payment obligations, the non-defaulting owners would be responsible for their proportionate share of the obligations of the defaulting owner.  In exchange, the non-defaulting owners would be entitled to their proportionate share of the generating capacity of the defaulting owner.  There have been &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; such payment defaults under any of the agreements for the jointly-owned plants.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Certain PNMR shared services&amp;#8217; expenses, which represent costs that are primarily driven by corporate level activities, are charged to the business segments.  These services are billed at cost and are reflected as general and administrative expenses in the business segments.  Other significant intercompany transactions between PNMR, PNM, and TNMP include interest and income tax sharing payments, as well as equity transactions.  All intercompany transactions and balances have been eliminated.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ConsolidationPolicyTextBlock>
	<us-gaap:ConsolidationVariableInterestEntityPolicy contextRef="FD2017Q3YTD" id="Fact-B901C02E9A4B4021C8B1E7FF2C27CFEE">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP determines how an enterprise evaluates and accounts for its involvement with variable interest entities, focusing primarily on whether the enterprise has the power to direct the activities that most significantly impact the economic performance of a variable interest entity (&amp;#8220;VIE&amp;#8221;).  GAAP also requires continual reassessment of the primary beneficiary of a VIE. &lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ConsolidationVariableInterestEntityPolicy>
	<us-gaap:DebtDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-9C75B77EC573C87EDCFEE7FF2D9D9B6F">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Financing&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company&amp;#8217;s financing strategy includes both short-term and long-term borrowings.  The Company utilizes short-term revolving credit facilities, as well as cash flows from operations, to provide funds for both construction and operating expenditures.  Depending on market and other conditions, the Company will periodically sell long-term debt or enter into term loan arrangements and use the proceeds to reduce borrowings under the revolving credit facilities or refinance other debt.  Each of the Company&amp;#8217;s revolving credit facilities and term loans contains a single financial covenant, which requires the maintenance of a debt-to-capital ratio of less than or equal to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and generally also include customary covenants, events of default, cross default provisions, and change of control provisions.  PNM must obtain NMPRC approval for any financing transaction having a maturity of more than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months.  In addition, PNM files its annual short-term financing plan with the NMPRC.  Additional information concerning financing activities is contained in Note 6 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Financing Activities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As discussed in Note 11, NM Capital, a wholly-owned subsidiary of PNMR, entered into a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; term loan agreement (the &amp;#8220;BTMU Term Loan Agreement&amp;#8221;) with BTMU, as lender and administrative agent, as of February 1, 2016.  The BTMU Term Loan Agreement has a maturity of February 1, 2021 and bears interest at a rate based on LIBOR plus a customary spread, which aggregated &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.06%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  PNMR, as parent company of NM Capital, has guaranteed NM Capital&amp;#8217;s obligations to BTMU.  The BTMU Term Loan Agreement and the guaranty include customary covenants, including requirements for PNMR to not exceed a maximum debt-to-capital ratio of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and customary events of default, a cross default provision, and a change of control provision consistent with PNMR&amp;#8217;s other term loan agreements.  NM Capital utilized the proceeds of the BTMU Term Loan Agreement to provide funding of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; (the &amp;#8220;Westmoreland Loan&amp;#8221;) to a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland Coal Company to finance Westmoreland&amp;#8217;s purchase of SJCC.  The BTMU Term Loan Agreement requires that NM Capital utilize all amounts, less taxes and fees, it receives under the Westmoreland Loan to repay the BTMU Term Loan Agreement.  The principal balance outstanding under the BTMU Term Loan Agreement was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$60.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Based on scheduled payments on the Westmoreland Loan, NM Capital estimates it will make principal payments of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$15.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on the BTMU Term Loan Agreement in the twelve months ended September 30, 2018.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On October 21, 2016, PNMR entered into letter of credit arrangements with JPMorgan Chase Bank, N.A. (the &amp;#8220;JPM LOC Facility&amp;#8221;) under which letters of credit aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$30.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; were issued to facilitate the posting of reclamation bonds, which SJCC is required to post in connection with permits relating to the operation of the San Juan mine (Note 11). &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At December 31, 2016, PNM had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$37.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of outstanding PCRBs, which have a final maturity of June 1, 2040, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$20.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of outstanding PCRBs which have a final maturity of June 1, 2042.  These PCRBs were subject to mandatory tender for remarketing on June 1, 2017 and were successfully remarketed on that date.  The &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$37.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PCRBs now bear interest at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.125%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$20.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PCRBs now bear interest at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.45%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Both series are now subject to mandatory tender for remarketing on June 1, 2022.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On June 14, 2017, TNMP entered into an agreement (the &amp;#8220;TNMP 2017 Bond Purchase Agreement&amp;#8221;), which provided TNMP would issue &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$60.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; aggregate principal amount of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.22%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; first mortgage bonds, due 2027 (the &amp;#8220;2017 Series A Bonds&amp;#8221;) on or about August 25, 2017, subject to satisfaction of certain conditions.  TNMP issued the 2017 Series A Bonds on August 24, 2017 and used the proceeds to reduce short-term and intercompany debt and for general corporate purposes.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On July 20, 2017, PNM entered into a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$200.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; term loan agreement (the &amp;#8220;PNM 2017 Term Loan Agreement&amp;#8221;) between PNM and JPMorgan Chase Bank, N.A., as lender and administrative agent, and U.S. Bank National Association, as lender.  The PNM 2017 Term Loan Agreement bears interest at a variable rate and must be repaid on or before January 18, 2019.  PNM used the proceeds of the PNM 2017 Term Loan Agreement to prepay without penalty the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$175.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNM 2016 Term Loan Agreement, which was to mature on November 17, 2017, and to reduce short-term borrowings.  The PNM 2017 Term Loan Agreement includes customary covenants, including requirements to not exceed a maximum debt-to-capital ratio of&amp;#160;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and customary events of default, a cross default provision, and a change of control provision consistent with PNM&amp;#8217;s other term loan agreements. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On July 28, 2017, PNM entered into an agreement (the &amp;#8220;PNM 2017 Senior Unsecured Note Agreement&amp;#8221;) with institutional investors for the sale of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$450.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; aggregate principal amount of Senior Unsecured Notes (the &amp;#8220;PNM 2018 SUNs&amp;#8221;) offered in private placement transactions.  Under the PNM 2017 Senior Unsecured Note Agreement, PNM has agreed to issue &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$350.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the PNM 2018 SUNs on or about May 15, 2018 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$100.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the PNM 2018 SUNs on or about August 1, 2018.  The issuances of the PNM 2018 SUNs are subject to the satisfaction of customary conditions.  PNM will use the gross proceeds from the PNM 2018 SUNs to repay &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$350.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PNM&amp;#8217;s &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.95%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Senior Unsecured Notes that mature on May 15, 2018 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$100.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PNM&amp;#8217;s &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Senior Unsecured Notes that mature on August 1, 2018.  The terms of the PNM 2017 Senior Unsecured Note Agreement include customary covenants, including a covenant that requires the maintenance of a debt-to-capital ratio of less than or equal to&amp;#160;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, customary events of default, including a cross default provision, and  covenants regarding parity of financial covenants, liens and guarantees with respect to PNM&amp;#8217;s material credit facilities.  In the event of a change of control, PNM will be required to offer to prepay the PNM 2018 SUNs at par.  PNM will have the right to redeem any or all of the PNM 2018 SUNs prior to their respective maturities, subject to payment of a customary make-whole premium.  In accordance with GAAP, aggregate borrowings of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$450.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; under PNM&amp;#8217;s Senior Unsecured Notes due on May 15, 2018 and August 1, 2018, are reflected as being long-term in the Condensed Consolidated Balance Sheet at September 30, 2017 since the PNM 2017 Senior Unsecured Note Agreement demonstrates PNM&amp;#8217;s ability and intent to re-finance the aggregate &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$450.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Senior Unsecured Notes on a long-term basis.  Information concerning the maturities and interest rates on the PNM 2018 SUNs to be issued in May 2018 and August 2018 is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="10" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:90px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:90px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:62px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Scheduled&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Funding&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Maturity&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Principal&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2023&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;55.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2025&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.45&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2033&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.93&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2038&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;45.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.22&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2048&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;350.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.78&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2048&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;85.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.60&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;450.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;On September 25, 2017, the TNMP Revolving Credit Facility was amended and restated to extend its maturity from September 18, 2018 to September 23, 2022 and to provide for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year extension options, subject to approval by a majority of the lenders.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In March 2015, PNMR entered into a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$150.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Term Loan Agreement (the &amp;#8220;PNMR 2015 Term Loan Agreement&amp;#8221;), which bears interest at a variable rate and must be repaid by March 9, 2018.  In September 2015, PNMR entered into a hedging agreement whereby it effectively established a fixed interest rate of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.927%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, subject to change if there is a change in PNMR&amp;#8217;s credit rating, for borrowings under the PNMR 2015 Term Loan Agreement for the period from January 11, 2016 through March 9, 2018.  In 2017, PNMR entered into &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; separate &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year hedging agreements whereby it effectively established fixed interest rates of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.926%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.823%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.629%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, plus customary spreads over LIBOR, subject to change if there is a change in PNMR&amp;#8217;s credit rating, for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; separate tranches, each of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, of its variable rate debt.  These hedge agreements are accounted for as cash flow hedges.  The fair value of the hedge related to the PNMR 2015 Term Loan Agreement was a gain of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and is included in Other current assets on the Condensed Consolidated Balance Sheets and a loss of less than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at December 31, 2016.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the remaining hedge agreements had a fair value gain of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which is included in Other current assets, and the other &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; had fair value losses aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which are included in Other current liabilities, on the Condensed Consolidated Balance Sheets.  The fair values were determined using Level 2 inputs under GAAP, including using forward&amp;#160;LIBOR curves under the mid-market convention&amp;#160;to discount cash flows&amp;#160;over the&amp;#160;remaining&amp;#160;term of the agreement.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At September&amp;#160;30, 2017, variable interest rates were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.14%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$150.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNMR 2015 Term Loan Agreement, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.19%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$100.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNMR 2016 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-Year Term Loan, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.97%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$200.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNM 2017 Term Loan Agreement.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Short-term Debt and Liquidity&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Currently, the PNMR Revolving Credit Facility has a financing capacity of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$300.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and the PNM Revolving Credit Facility has a financing capacity of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$400.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  In November 2016, PNMR and PNM entered into agreements to extend the maturity of both facilities from October 31, 2020 to October 31, 2021.  However, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; lender, whose current commitment is &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$10.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; under the PNMR Revolving Credit Facility and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$40.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; under the PNM Revolving Credit Facility, did not agree to extend its commitments beyond October, 31, 2020.  Unless &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; or more of the other current lenders or a new lender assumes the commitments of the non-extending lender, the financing capacities will be reduced to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$290.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the PNMR Revolving Credit Facility and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$360.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the PNM Revolving Credit Facility from November 1, 2020 through October 31, 2021.  The TNMP Revolving Credit Facility is a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$75.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; revolving credit facility secured by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$75.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; aggregate principal amount of TNMP first mortgage bonds.  The TNMP Revolving Credit Facility matures on September 23, 2022.  PNM also has the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNM New Mexico Credit Facility that expires on January 8, 2018. Short-term debt outstanding consisted of:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:399px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:213px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December 31,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Short-term Debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM New Mexico Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;26,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166,500&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;126,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR 2016 One-Year Term Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;266,500&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;287,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the weighted average interest rate was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.49%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the PNMR Revolving Credit Facility and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.09%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the PNMR 2016 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;One&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-Year Term Loan, which matures in December 2017.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In addition to the above borrowings, PNMR, PNM, and TNMP had letters of credit outstanding of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$6.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; that reduce the available capacity under their respective revolving credit facilities.  The above table excludes intercompany debt.  As of September 30, 2017, PNM and TNMP had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; intercompany borrowings from PNMR.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;October&amp;#160;20, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNMR, PNM, and TNMP had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$118.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$397.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$69.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of availability under their respective revolving credit facilities, including reductions of availability due to outstanding letters of credit, and PNM had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of availability under the PNM New Mexico Credit Facility.  Total availability at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;October&amp;#160;20, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, on a consolidated basis, was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$635.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for PNMR.  As of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;October&amp;#160;20, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM and TNMP had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; borrowings from PNMR under their intercompany loan agreements.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;October&amp;#160;20, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNMR, PNM, and TNMP had invested cash of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$1.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;none&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As described above, PNM entered into the PNM 2017 Senior Unsecured Note Agreement on July 28, 2017 to issue &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$450.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the PNM 2018 SUNs on May 15, 2018 and August 1, 2018, proceeds from which will be used to repay like amounts of PNM Senior Unsecured Notes maturing on those dates.  PNM has &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; other long-term debt due through December 31, 2018.  The &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PNM New Mexico Credit Facility expires in January 2018.  PNMR has maturities and other repayments of short-term and long-term debt aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$265.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the period from October 1, 2017 through September 30, 2018 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$102.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the remainder of 2018, including anticipated repayments on the BTMU Term Loan Agreement.  TNMP has &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; required principal payments on its long-term debt through 2018.  Additional information on debt maturities is contained in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:DebtDisclosureTextBlock>
	<us-gaap:DerivativesAndFairValueTextBlock contextRef="FD2017Q3YTD" id="Fact-28754EA3E9682FC24849E7FF2D208B88">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value of Derivative and Other Financial Instruments &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Additional information concerning energy related derivative contracts and other financial instruments is contained in Note 8 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Fair value is defined under GAAP as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Fair value is based on current market quotes as available and is supplemented by modeling techniques and assumptions made by the Company to the extent quoted market prices or volatilities are not available.  External pricing input availability varies based on commodity location, market liquidity, and term of the agreement.  Valuations of derivative assets and liabilities take into account nonperformance risk including the effect of counterparties&amp;#8217; and the Company&amp;#8217;s credit risk.  The Company regularly assesses the validity and availability of pricing data for its derivative transactions.  Although the Company uses its best judgment in estimating the fair value of these instruments, there are inherent limitations in any estimation technique.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Energy Related Derivative Contracts&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Overview&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The primary objective for the use of commodity derivative instruments, including energy contracts, options, swaps, and futures, is to manage price risk associated with forecasted purchases of energy and fuel used to generate electricity, as well as managing anticipated generation capacity in excess of forecasted demand from existing customers.  PNM&amp;#8217;s energy related derivative contracts manage commodity risk.  PNM is required to meet the demand and energy needs of its retail and wholesale customers.  PNM is exposed to market risk for its share of PVNGS Unit 3 and the needs of its wholesale customers not covered under a FPPAC.  However, as discussed below, PNM has hedging arrangements for the output of PVNGS Unit 3 through December 31, 2017, at which time PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Beginning January 1, 2018, PNM will be exposed to market risk for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of SJGS Unit 4 that will be transferred to PNM from PNMR Development (Note 11) on December 31, 2017.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022, subject to certain conditions.  Under these agreements, PNM is obligated to deliver &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of power only when SJGS Unit 4 is operating.&amp;#160; These agreements are not considered derivatives because there is no notional amount due to the unit-contingent nature of the transactions.  Therefore, these agreements are not recorded at fair value.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM&amp;#8217;s operations are managed primarily through a net asset-backed strategy, whereby PNM&amp;#8217;s aggregate net open forward contract position is covered by its forecasted excess generation capabilities or market purchases.  PNM could be exposed to market risk if its generation capabilities were to be disrupted or if its load requirements were to be greater than anticipated.  If all or a portion of load requirements were required to be covered as a result of such unexpected situations, commitments would have to be met through market purchases.  TNMP does not enter into energy related derivative contracts.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Commodity Risk&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Marketing and procurement of energy often involve market risks associated with managing energy commodities and establishing positions in the energy markets, primarily on a short-term basis.  PNM routinely enters into various derivative instruments such as forward contracts, option agreements, and price basis swap agreements to economically hedge price and volume risk on power commitments and fuel requirements and to minimize the effect of market fluctuations in wholesale portfolios.  PNM monitors the market risk of its commodity contracts to maintain total exposure within management-prescribed limits in accordance with approved risk and credit policies.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Accounting for Derivatives&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Under derivative accounting and related rules for energy contracts, PNM accounts for its various instruments for the purchase and sale of energy, which meet the definition of a derivative, based on PNM&amp;#8217;s intent.  During the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and the year ended December 31, 2016, PNM was not hedging its exposure to the variability in future cash flows from commodity derivatives through designated cash flows hedges.  The derivative contracts recorded at fair value that do not qualify or are not designated for cash flow hedge accounting are classified as economic hedges.  Economic hedges are defined as derivative instruments, including long-term power agreements, used to economically hedge generation assets, purchased power and fuel costs, and customer load requirements.  Changes in the fair value of economic hedges are reflected in results of operations and are classified between operating revenues and cost of energy according to the intent of the hedge.  PNM has &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; trading transactions.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Commodity Derivatives&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM&amp;#8217;s commodity derivative instruments that are recorded at fair value, all of which are accounted for as economic hedges, are summarized as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:401px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:214px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:78px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30, &lt;br clear="none"/&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31, &lt;br clear="none"/&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,093&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Deferred charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,846&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,279&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,846&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Included in the above table are &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$0.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of current assets at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; related to contracts for the sale of energy from PVNGS Unit 3 through 2017 at market price plus a premium.  Certain of PNM&amp;#8217;s commodity derivative instruments in the above table are subject to master netting agreements whereby assets and liabilities could be offset in the settlement process.  PNM does not offset fair value and cash collateral for derivative instruments under master netting arrangements and the above table reflects the gross amounts of fair value assets and liabilities for commodity derivatives.  Included in the above table are equal amounts of assets and liabilities aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which result from PNM&amp;#8217;s hazard sharing arrangements with Tri-State (Note 12).  The hazard sharing arrangements are net-settled upon delivery.  Other amounts that could be offset under master netting agreements were immaterial.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; amounts recognized for the legal right to reclaim cash collateral.  However, at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, amounts posted as cash collateral under margin arrangements were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$1.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$2.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.    &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM has a NMPRC-approved hedging plan to manage fuel and purchased power costs related to customers covered by its FPPAC.  The table above includes &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of current assets and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of current liabilities at September 30, 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of current assets and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of current liabilities at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; related to this plan.  The offsets to these amounts are recorded as regulatory assets and liabilities on the Condensed Consolidated Balance Sheets. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table presents the effect of mark-to-market commodity derivative instruments on PNM&amp;#8217;s earnings, excluding income tax effects.  Commodity derivatives had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; impact on OCI for the periods presented.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:500px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:214px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,237&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,652&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,697&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;214&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(14&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,289&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Total gain (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,251&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,651&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;408&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(899&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity contract volume positions are presented in MMBTU for gas related contracts and in MWh for power related contracts.  The table below presents PNM&amp;#8217;s net buy (sell) volume positions:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:58.0896686159844%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="7" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:47%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:18%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:18%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;MMBTU&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;MWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(630,933&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;254,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,471,600&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM has contingent requirements to provide collateral under commodity contracts having an objectively determinable collateral provision that are in net liability positions and are not fully collateralized with cash.  In connection with managing its commodity risks, PNM enters into master agreements with certain counterparties.  If PNM is in a net liability position under an agreement, some agreements provide that the counterparties can request collateral if PNM&amp;#8217;s credit rating is downgraded; other agreements provide that the counterparty may request collateral to provide it with &amp;#8220;adequate assurance&amp;#8221; that PNM will perform; and others have &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; provision for collateral.  At September 30, 2017 and December 31, 2016, PNM had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; such contracts in a net liability position.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sale of Power from PVNGS Unit 3&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Because PNM&amp;#8217;s &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW share of Unit 3 at PVNGS is not currently included in retail rates, that unit&amp;#8217;s power is being sold in the wholesale market.  PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers beginning on January 1, 2018.  As of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM had contracted to sell substantially all of PVNGS Unit 3 output through 2017 at market price plus a premium.&amp;#160;  Through hedging arrangements that are accounted for as economic hedges, PNM has established fixed rates for substantially all of the sales through 2017, which average approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$29&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per MWh. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Non-Derivative Financial Instruments&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The carrying amounts reflected on the Condensed Consolidated Balance Sheets approximate fair value for cash, receivables, and payables due to the short period of maturity.  Available-for-sale securities are carried at fair value.  Available-for-sale securities consist of PNM assets held in the NDT for its share of decommissioning costs of PVNGS and trusts for PNM&amp;#8217;s share of final reclamation costs related to the coal mines serving SJGS and Four Corners (Note 11).  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the fair value of available-for-sale securities included &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$283.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$253.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the NDT and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$23.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$19.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the mine reclamation trusts.  The fair value and gross unrealized gains of investments in available-for-sale securities are presented in the following table.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:514px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:189px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:63px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized Gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized Gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,135&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,775&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,032&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,865&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,167&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,029&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;307&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,960&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,962&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;998&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;585&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,434&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;553&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,671&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,631&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;306,444&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,449&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;272,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The proceeds and gross realized gains and losses on the disposition of available-for-sale securities are shown in the following table.  Realized gains and losses are determined by specific identification of costs of securities sold.  Gross realized losses shown below exclude the (increase)/decrease in realized impairment losses of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the three and nine months ended September 30, 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the three and nine months ended September 30, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:474px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:189px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Proceeds from sales&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;98,532&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;86,975&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;456,577&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;280,989&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Gross realized gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,128&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24,745&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,273&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Gross realized (losses)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,829&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,565&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,150&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(12,913&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Held-to-maturity securities are those investments in debt securities that the Company has the ability and intent to hold until maturity.  At September 30, 2017 and December 31, 2016, PNMR&amp;#8217;s held-to-maturity securities consist of the Westmoreland Loan. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company has &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; available-for-sale or held-to-maturity securities for which carrying value exceeds fair value.  There are &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; impairments considered to be &amp;#8220;other than temporary&amp;#8221; that are included in AOCI and not recognized in earnings.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the available-for-sale and held-to-maturity debt securities had the following final maturities:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:362px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:210px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Available-for-Sale&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Held-to-Maturity&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR and PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Within 1 year&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,913&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 1 year through 5 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,766&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 5 years through 10 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 10 years through 15 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,178&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 15 years through 20 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,692&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 20 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,614&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,619&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value Disclosures&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company determines the fair values of its derivative and other financial instruments based on the hierarchy established in GAAP, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  GAAP describes three levels of inputs that may be used to measure fair value.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.  Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 inputs are unobservable inputs for the asset or liability.  Level 3 inputs used in determining fair values for the Company consist of internal valuation models.  The Company records any transfers between fair value hierarchy levels as of the end of each calendar quarter.  There were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; transfers between levels during the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; or the year ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;For available-for-sale securities, Level 2 fair values are provided by the trustee utilizing a pricing service.  The pricing provider predominantly uses the market approach using bid side market value based upon a hierarchy of information for specific securities or securities with similar characteristics.  For commodity derivatives, Level 2 fair values are determined based on market observable inputs, which are validated using multiple broker quotes, including forward price, volatility, and interest rate curves to establish expectations of future prices.  Credit valuation adjustments are made for estimated credit losses based on the overall exposure to each counterparty.  For the Company&amp;#8217;s long-term debt, Level 2 fair values are provided by an external pricing service.  The pricing service primarily utilizes quoted prices for similar debt in active markets when determining fair value.  For investments categorized as Level 3, primarily the Westmoreland Loan, fair values were determined by discounted cash flow models that take into consideration discount rates that are observable for similar types of assets and liabilities.  Management of the Company independently verifies the information provided by pricing services.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Items recorded at fair value by PNM on the Condensed Consolidated Balance Sheets are presented below by level of the fair value hierarchy.  There were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Level 3 fair value measurements at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for items recorded at fair value. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:87.91423001949317%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="12" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:53%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GAAP Fair Value Hierarchy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Quoted Prices in Active Markets for Identical Assets (Level 1)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Significant Other Observable Inputs (Level 2)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Available-for-sale securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,167&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,931&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,236&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,960&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,273&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;687&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;306,444&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;221,862&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;84,582&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Available-for-sale securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,962&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,723&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,239&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,671&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,158&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,513&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;272,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;196,436&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,541&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The carrying amounts and fair values of investments in the Westmoreland Loan, other investments, and long-term debt, which are not recorded at fair value on the Condensed Consolidated Balance Sheets are presented below: &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:87.32943469785575%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:36%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GAAP Fair Value Hierarchy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Carrying Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,447,702&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,564,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,564,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Westmoreland Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66,230&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,657,396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,736,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,736,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;480,589&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;517,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;517,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,392,712&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,540,693&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,540,693&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Westmoreland Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;95,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,893&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,893&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;547&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,164&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;547&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;617&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,631,369&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,730,157&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,730,157&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;420,875&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;468,329&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;468,329&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:DerivativesAndFairValueTextBlock>
	<us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="FD2017Q3YTD" id="Fact-5D2B58B26788DD03FC2EE7FF2D5FFB8D">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Stock-Based Compensation&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR has various stock-based compensation programs, including stock options, restricted stock, and performance shares granted under the Performance Equity Plan (&amp;#8220;PEP&amp;#8221;).  Although certain PNM and TNMP employees participate in the PNMR plans, PNM and TNMP do not have separate employee stock-based compensation plans.  In 2011, the Company changed its approach to awarding stock-based compensation.  As a result, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; stock options have been granted since 2010 and awards of restricted stock have increased.  Certain restricted stock awards are subject to achieving performance or market targets.  Other awards of restricted stock are only subject to time vesting requirements.  Additional information concerning stock-based compensation under the PEP is contained in Note 13 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Restricted stock under the PEP refers to awards of stock subject to vesting, performance, or market conditions rather than to shares with contractual post-vesting restrictions.  Generally, the awards vest ratably over &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years from the grant date of the award.  However, awards with performance or market conditions vest upon satisfaction of those conditions.  In addition, plan provisions provide that upon retirement, participants become &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;100%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; vested in certain stock awards.  Beginning with 2017 awards, the vesting period for awards of restricted stock to non-employee members of the Board is &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; year.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The stock-based compensation expense related to restricted stock awards without performance or market conditions to participants that are retirement eligible on the grant date is recognized immediately at the grant date and is not amortized.  Compensation expense for other such awards is amortized to compensation expense over the shorter of the requisite vesting period or the period until the participant becomes retirement eligible.  Compensation expense for performance-based shares is recognized ratably over the performance period and is adjusted periodically to reflect the level of achievement expected to be attained.  Compensation expense related to market-based shares is recognized ratably over the measurement period, regardless of the actual level of achievement, provided the employees meet their service requirements.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNMR had unrecognized expense related to stock awards of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$4.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$4.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which are expected to be recognized over an average of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.0&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.8&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR receives a tax deduction for certain stock option exercises during the period the options are exercised, generally for the excess of the price at which the options are sold over the exercise prices of the options, and a tax deduction for the value of restricted stock at the vesting date.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The FASB issued &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-09 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Compensation &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;-&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;to simplify several aspects of the accounting for share-based payment transactions and eliminate diversity in practice.  PNMR&amp;#8217;s historical accounting for stock compensation complies with ASU 2016-09, except for the treatment of the income tax consequences of awards and the presentation of reductions to taxes payable on the Consolidated Statements of Cash Flows.  Prior to ASU 2016-09, benefits resulting from income tax deductions in excess of compensation cost recognized under GAAP for vested restricted stock and on exercised stock options (collectively, &amp;#8220;excess tax benefits&amp;#8221;) were recorded to equity provided the excess tax benefits reduced income taxes payable.  Deficiencies resulting from tax deductions related to stock awards that were below recognized compensation cost upon vesting and on canceled stock options were recorded to equity.  PNMR had not recorded excess tax benefits to equity since 2009 because it is in a net operating loss position for income tax purposes.  ASU 2016-09 requires that all excess tax benefits and deficiencies be recorded to tax expense and classified as cash flows from operating activities.  PNMR adopted ASU 2016-09 as of January 1, 2017 and recorded excess tax benefits of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2017 of which &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was allocated to PNM and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was allocated to TNMP.  As required by ASU 2016-09, PNMR recorded the excess tax benefits that were not recognized in prior years, due to its net operating loss position, as a cumulative effect adjustment of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$10.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on January 1, 2017, increasing retained earnings and decreasing accumulated deferred income taxes on the Condensed Consolidated Balance Sheets.  When excess tax benefits are used to reduce income taxes payable, the benefit will be reflected in cash flows from operating activities.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The grant date fair value for restricted stock and stock awards with Company internal performance targets is determined based on the market price of PNMR common stock on the date of the agreements reduced by the present value of future dividends, which will not be received prior to vesting, applied to the total number of shares that are anticipated to vest, although the number of performance shares that ultimately vest cannot be determined until after the performance periods end.  The grant date fair value of stock awards with market targets is determined using Monte Carlo simulation models, which provide grant date fair values that include an expectation of the number of shares to vest at the end of the measurement period.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:467px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:333px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:40px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:40px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Shares and Performance Based Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected quarterly dividends per share&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.2425&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.2200&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Risk-free interest rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.94&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Market-Based Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Dividend yield&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.67&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.74&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected volatility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.80&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.44&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Risk-free interest rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.54&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.97&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options, for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;nine months ended&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:590px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="14" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:278px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:68px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:68px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Stock Options&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Weighted-&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Grant Date Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Weighted-&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Exercise Price&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Outstanding at December 31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;218,316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27.59&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;305,874&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12.29&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Granted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;248,271&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23.06&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Exercised&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(270,855&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(109,433&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15.89&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Forfeited&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,012&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;29.96&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expired&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Outstanding at September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;191,720&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31.10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;193,441&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.98&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR&amp;#8217;s stock-based compensation program provides for performance and market targets through 2019.  Included as granted and as exercised in the above table are &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;49,682&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; previously awarded shares that were earned for the 2014 through 2016 performance measurement period and ratified by the Board in February 2017 (based upon achieving market targets at &amp;#8220;target&amp;#8221; levels, weighted at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and not meeting performance targets, weighted at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;).  Excluded from the above table are maximums of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;163,712&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;137,036&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;133,632&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; shares for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year performance periods ending in 2017, 2018, and 2019 that would be awarded if all performance and market criteria are achieved at maximum levels and all executives remain eligible.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In March 2012, the Company entered into a retention award agreement with its Chairman, President, and Chief Executive Officer under which she was to receive &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;135,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; shares of PNMR&amp;#8217;s common stock if PNMR met specific market targets at the end of 2016 and she remained an employee of the Company.  Under the agreement, she received &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;35,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the total shares in 2015 since PNMR achieved specific market targets at the end of 2014.  The specified market target was achieved at the end of 2016 and the Board ratified her receiving the remaining &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; shares, which are included in the above table, in February 2017.  The retention award was made under the PEP and was approved by the Board on February 28, 2012. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Effective as of January 1, 2015, the Company entered into a retention award agreement with its Executive Vice President and Chief Financial Officer under which he would receive awards of restricted stock if PNMR meets specific performance targets at the end of 2016 and 2017 and he remains an employee of the Company.  If PNMR achieved the specific performance target for the period from January 1, 2015 through December 31, 2016, he was to receive &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$100,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PNMR common stock based on the market value per share on the grant date in early 2017.  The specified market target was achieved at the end of 2016 and the Board ratified him receiving &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$100,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PNMR common stock in February 2017 based on a market per share value of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$36.30&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on the grant date of March 3, 2017, or &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,754&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; shares, which are included in the above table.  Similarly, if PNMR achieves the specific performance target for the period from January 1, 2015 through December 31, 2017, he would receive &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$275,000&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of PNMR common stock based on the market value per share on the grant date in early 2018.  The retention award was made under the PEP and was approved by the Board on December 9, 2014.  The above table does not include the restricted stock shares that remain unvested under this retention award agreement.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In March 2015, the Company entered into an additional retention award agreement with its Chairman, President, and Chief Executive Officer under which she would receive &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53,859&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; shares of PNMR&amp;#8217;s common stock if PNMR meets certain performance targets at the end of 2019 and she remains an employee of the Company.  Under the agreement, she would receive &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,953&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the total shares if PNMR achieves specific performance targets at the end of 2017.  The retention award was made under the PEP and was approved by the Board on February 26, 2015.  The above table does not include any restricted stock shares under this retention award agreement.&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;sup style="vertical-align:top;line-height:120%;font-size:7pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/sup&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the aggregate intrinsic value of stock options outstanding, all of which are exercisable, was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$5.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; with a weighted-average remaining contract life of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;1.8&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; years.  At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; outstanding stock options had an exercise price greater than the closing price of PNMR common stock on that date.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options: &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:340px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Weighted-average grant date fair value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23.06&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;26.49&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total fair value of restricted shares that vested (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,666&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,011&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Stock Options&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Weighted-average grant date fair value of options granted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total fair value of options that vested (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total intrinsic value of options exercised (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,234&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,208&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
	<us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock contextRef="FD2017Q3YTD" id="Fact-41ACDC3CEB4A46FF3D5EE7FF2D5FF6A4">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options: &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:340px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Weighted-average grant date fair value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23.06&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;26.49&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total fair value of restricted shares that vested (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,666&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,011&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Stock Options&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Weighted-average grant date fair value of options granted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total fair value of options that vested (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total intrinsic value of options exercised (in thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,234&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,208&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:467px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:333px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:40px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:40px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Shares and Performance Based Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected quarterly dividends per share&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.2425&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.2200&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Risk-free interest rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.94&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Market-Based Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Dividend yield&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.67&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2.74&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected volatility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.80&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.44&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Risk-free interest rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.54&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.97&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options, for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;nine months ended&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:590px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="14" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:278px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:68px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:68px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Restricted Stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Stock Options&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Weighted-&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Grant Date Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Shares&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Weighted-&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Exercise Price&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Outstanding at December 31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;218,316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27.59&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;305,874&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12.29&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Granted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;248,271&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23.06&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Exercised&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(270,855&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(109,433&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15.89&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Forfeited&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,012&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;29.96&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expired&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Outstanding at September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;191,720&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31.10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;193,441&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9.98&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock>
	<us-gaap:EarningsPerShareTextBlock contextRef="FD2017Q3YTD" id="Fact-0C79E0CF25B74681BD30E7FF2B6B928A">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Earnings Per Share&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In accordance with GAAP, dual presentation of basic and diluted earnings per share is presented in the Condensed Consolidated Statements of Earnings of PNMR.  Information regarding the computation of earnings per share is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:646px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:337px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:top;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands, except per share amounts)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Earnings Attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,739&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,418&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134,156&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,040&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Number of Common Shares:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:13px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Outstanding during period&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Vested awards of restricted stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;284&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;96&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;215&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;99&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:25px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Shares &amp;#8211; Basic&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,938&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,750&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,869&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,753&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Dilutive Effect of Common Stock Equivalents:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Stock options and restricted stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;263&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;377&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:37px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Shares &amp;#8211; Diluted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,117&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,130&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Earnings Per Share of Common Stock:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Basic&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Diluted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.67&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
	<us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock contextRef="FD2017Q3YTD" id="Fact-020227953D3367232F92E7FF2D204921">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Items recorded at fair value by PNM on the Condensed Consolidated Balance Sheets are presented below by level of the fair value hierarchy.  There were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Level 3 fair value measurements at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for items recorded at fair value. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:87.91423001949317%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="12" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:53%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GAAP Fair Value Hierarchy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Quoted Prices in Active Markets for Identical Assets (Level 1)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Significant Other Observable Inputs (Level 2)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Available-for-sale securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,151&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,162&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,167&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,931&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,236&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,960&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,273&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;687&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,528&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;306,444&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;221,862&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;84,582&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:8px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Available-for-sale securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Cash and cash equivalents&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Equity securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,796&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Domestic growth&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,595&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;International and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,481&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Fixed income securities:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;U.S. Government&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,962&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;39,723&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,239&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Municipals&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;43,789&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Corporate and other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,671&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,158&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,513&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;272,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;196,436&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,541&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Commodity derivative liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock>
	<us-gaap:FairValueByBalanceSheetGroupingTextBlock contextRef="FD2017Q3YTD" id="Fact-F8A03B83E619EDCEC93AE7FF2D20523C">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The carrying amounts and fair values of investments in the Westmoreland Loan, other investments, and long-term debt, which are not recorded at fair value on the Condensed Consolidated Balance Sheets are presented below: &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:87.32943469785575%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:36%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;GAAP Fair Value Hierarchy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Carrying Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Level 3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,447,702&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,564,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,564,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Westmoreland Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66,230&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;386&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,657,396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,736,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,736,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;480,589&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;517,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;517,977&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;220&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,392,712&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,540,693&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,540,693&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Westmoreland Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;95,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,893&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,893&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;547&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,164&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;547&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;617&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,631,369&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,730,157&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,730,157&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;420,875&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;468,329&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;468,329&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other investments&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:FairValueByBalanceSheetGroupingTextBlock>
	<us-gaap:GoodwillDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-5633021CFE6909FD92DFE7FF328DF215">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Goodwill&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The excess purchase price over the fair value of the assets acquired and the liabilities assumed by PNMR for its 2005 acquisition of TNP was recorded as goodwill and was pushed down to the businesses acquired.  In 2007, the TNMP assets that were included in its New Mexico operations, including goodwill, were transferred to PNM.  PNMR&amp;#8217;s reporting units that currently have goodwill are PNM and TNMP.  Additional information concerning the Company&amp;#8217;s goodwill is contained in Note 18 of Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP requires the Company to evaluate its goodwill for impairment annually at the reporting unit level or more frequently if circumstances indicate that the goodwill may be impaired.  Application of the impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, and determination of the fair value of each reporting unit.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP provides that in certain circumstances an entity may perform a qualitative analysis to conclude that the goodwill of a reporting unit is not impaired.  Under a qualitative assessment an entity considers macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, other relevant entity-specific events affecting a reporting unit, as well as whether a sustained decrease (both absolute and relative to its peers) in share price has occurred.  An entity considers the extent to which each of the adverse events and circumstances identified could affect the comparison of a reporting unit&amp;#8217;s fair value with its carrying amount.  An entity places more weight on the events and circumstances that most affect a reporting unit&amp;#8217;s fair value or the carrying amount of its net assets.  An entity also considers positive and mitigating events and circumstances that may affect its determination of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  An entity evaluates, on the basis of the weight of evidence, the significance of all identified events and circumstances in the context of determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.   A quantitative analysis is not required if, after assessing the totality of events or circumstances, an entity determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In other circumstances, an entity may perform a quantitative analysis to reach the conclusion regarding impairment with respect to a reporting unit.  An entity may choose to perform a quantitative analysis without performing a qualitative analysis and may perform a qualitative analysis for certain reporting units, but a quantitative analysis for others.  The first step of the quantitative impairment test requires an entity to compare the fair value of the reporting unit with its carrying value, including goodwill.  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, GAAP currently requires the entity to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise would require the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  As further discussed under New Accounting Pronouncements in Note 1, a new accounting pronouncement changes how a goodwill impairment is determined by eliminating the second step of the quantitative impairment analysis.    &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;For its annual evaluations performed as of April 1, 2016, PNMR performed quantitative analyses for both the PNM and TNMP reporting units.  For the quantitative analyses, a discounted cash flow methodology was primarily used to estimate the fair value of the reporting unit.  This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of long-term growth rates for the business, and determination of appropriate weighted average cost of capital for each reporting unit.  Changes in these estimates and assumptions could materially affect the determination of fair value and the conclusion of impairment.  The April 1, 2016 quantitative evaluations indicated the fair value of the PNM reporting unit, which has goodwill of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$51.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, exceeded its carrying value by approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The April 1, 2016 quantitative evaluation indicated the fair value of the TNMP reporting unit, which has goodwill of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$226.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, exceeded its carrying value by approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;For its annual evaluations performed as of April 1, 2017, PNMR performed qualitative analyses for both the PNM and TNMP reporting units.  The qualitative analysis was performed by considering changes in the Company&amp;#8217;s expectations of future financial performance since the April 1, 2016 quantitative analysis.  This analysis considered Company specific events such as the potential impacts of legal and regulatory matters discussed in Note 11 and Note 12, including the estimated impacts of the proposed revised stipulation in PNM&amp;#8217;s NM 2016 Rate Case, the impacts of potential outcomes of the matters appealed to the NM Supreme Court under the NM 2015 Rate Case, and the impacts of changes in PNM&amp;#8217;s resource needs based on PNM&amp;#8217;s 2017 IRP.  This evaluation also considered changes in TNMP&amp;#8217;s regulatory environment such as the PUCT&amp;#8217;s proposed amendments to the interim transmission cost of service filing rule, as well as potential outcomes associated with TNMP&amp;#8217;s general rate case filing, which the Company anticipates filing in 2018.  The qualitative analysis also considered market and macroeconomic factors including changes in anticipated growth rates, anticipated changes in the WACC, and changes in discount rates.  The Company also evaluated its stock price relative to historical performance, industry peers, and to major market indices, including an evaluation of the Company&amp;#8217;s market capitalization relative to the carrying value of its reporting units.  Based on an evaluation of these and other factors, the Company determined it is not more likely than not that the April 1, 2017 carrying values of PNM or TNMP exceed their fair values.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As indicated above, the annual evaluations performed as of April 1, 2017 and 2016 did &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; indicate impairments of the goodwill of any of PNMR&amp;#8217;s reporting units.  Since the April 1, 2017 annual evaluation, there have been no indications that the fair values of the reporting units with recorded goodwill have decreased below their carrying values.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:GoodwillDisclosureTextBlock>
	<us-gaap:IncomeTaxDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-CFCD8348FABBD5A1FA79E7FF325E786B">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Income Taxes&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 2013, New Mexico House Bill 641 reduced the New Mexico corporate income tax rate from &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7.6%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5.9%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The rate reduction is being phased-in from 2014 to 2018.  In accordance with GAAP, PNMR and PNM adjusted accumulated deferred income taxes during the period that includes the date of enactment, which was in the year ended December 31, 2013, to reflect the tax rate at which the balances are expected to reverse.  At that time, the portion of the adjustment related to PNM&amp;#8217;s regulated activities was recorded as a reduction in deferred tax liabilities, which was offset by an increase in a regulatory liability, on the assumption that PNM would be required to return the benefit to customers over time.  In addition, the portion of the adjustment that is not related to PNM&amp;#8217;s regulated activities was recorded in PNMR&amp;#8217;s Corporate and Other segment as a reduction in deferred tax assets and an increase in income tax expense.  Changes in the estimated timing of reversals of deferred tax assets and liabilities will result in refinements of the impacts of this change in tax rates being recorded periodically until 2018, when the rate reduction is fully phased in.  In the three months ended March 31, 2017 and 2016, PNM&amp;#8217;s regulatory liability was reduced by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$7.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which increased deferred tax liabilities.  Deferred tax assets not related to PNM&amp;#8217;s regulatory activities were: reduced by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended March 31, 2017, increasing income tax expense by less than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for PNM and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the Corporate and Other segment; and decreased by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended March 31, 2016, increasing income tax expense by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for PNM and reducing income tax expense by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the Corporate and Other segment.  In the stipulation filed in PNM&amp;#8217;s NM 2016 Rate Case (Note 12), it is proposed that the benefit of the lower New Mexico corporate income tax rate be returned to customers over a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year period beginning January 1, 2018.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In 2008, fifty percent bonus tax depreciation was enacted as a temporary &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year stimulus measure as part of the Economic Stimulus Act of 2008.  Bonus tax depreciation in various forms has been continuously extended since that time.  As a result of the net operating loss carryforwards for income tax purposes created by bonus depreciation, and reduced future income taxes payable resulting from New Mexico House Bill 641, certain tax carryforwards are not expected to be utilized before their expiration.  In accordance with GAAP, PNMR and PNM have impaired the tax carryforwards which were not expected to be utilized prior to their expiration.  The Company has not recorded any impairments in 2016 or 2017.  The NMPRC&amp;#8217;s final order in PNM&amp;#8217;s NM 2015 Rate Case (Note 12) approved PNM&amp;#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&amp;#8217;s New Mexico net operating loss carryforward resulting from the extension of bonus depreciation.  The impact, net of federal income taxes, amounts to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, which is reflected as a reduction of income tax expense on the Condensed Consolidated Statement of Earnings in the three months ended September 30, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company undertook an analysis of interest income and interest expense applicable to federal income tax matters.  The analysis encompassed the impacts of IRS examinations, amended income tax returns, and filings for carrybacks of tax matters to previous taxable years applicable to all years not closed under the IRS rules.  As a result of this effort, PNMR received net refunds from the IRS of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$6.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the three months ended June 30, 2016.  Of the refunds, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was recorded as a reduction of interest receivable and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$5.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was recorded as interest income, which was partially offset by &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of interest expense.  In addition, PNMR incurred &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in professional fees related to the analysis.  Of the net pre-tax impacts aggregating &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$3.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is reflected in the PNM segment, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the TNMP segment, and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the Corporate and Other segment.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;See Note 8 for a discussion of the impacts on income tax expense resulting from the adoption of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-09 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Compensation &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;-&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Stock Compensation (Topic 718).&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
	<us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock contextRef="FD2017Q3YTD" id="Fact-4035DF5B407A1B7D3B74E7FF2D205125">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the available-for-sale and held-to-maturity debt securities had the following final maturities:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:362px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:210px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Available-for-Sale&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Held-to-Maturity&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR and PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Within 1 year&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,913&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 1 year through 5 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,766&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 5 years through 10 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 10 years through 15 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,178&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 15 years through 20 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,692&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;After 20 years&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41,614&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,619&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;76,353&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock>
	<us-gaap:LeasesOfLesseeDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-2716BCAF4E7436020257E7FF2C46DE2E">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Lease Commitments&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;padding-left:30px;text-indent:-30px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company leases office buildings, vehicles, and other equipment.  In addition, PNM leases interests in Units 1 and 2 of PVNGS and certain right-of-way agreements are classified as leases.  All of the Company&amp;#8217;s leases are currently accounted for as operating leases.  See New Accounting Pronouncements in Note 1.  Additional information concerning the Company&amp;#8217;s lease commitments is contained in Note 7 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K, including PNM&amp;#8217;s actions with regard to renewal and purchase options under the PVNGS leases.    &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The PVNGS leases were scheduled to expire on January 15, 2015 for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Unit 1 leases and January 15, 2016 for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Unit 2 leases.  The &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;four&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Unit 1 leases have been extended to expire on January 15, 2023 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the Unit 2 leases has been extended to expire on January 15, 2024.  For the other &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; PVNGS Unit 2 leases, PNM exercised its fair market value options to purchase the assets underlying those leases on the expiration date of the original leases.  On January 15, 2016, PNM paid &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$78.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to the lessor under &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; lease for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31.3&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of the entitlement from PVNGS Unit 2 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$85.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to the lessors under the other &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; leases for &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32.8&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW of the entitlement from PVNGS Unit 2.  See Note 12 for information concerning the NMPRC&amp;#8217;s treatment of the purchased assets and extended leases in PNM&amp;#8217;s NM 2015 Rate Case.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM is exposed to losses under the PVNGS lease arrangements upon the occurrence of certain events that PNM does not consider to be reasonably likely to occur.  Under certain circumstances (for example, the NRC issuing specified violation orders with respect to PVNGS or the occurrence of specified nuclear events), PNM would be required to make specified payments to the lessors, and take title to the leased interests.  If such an event had occurred as of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, amounts due to the lessors under the circumstances described above would be up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$169.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, payable on January 15, 2018 in addition to the scheduled lease payments due on January 15, 2018.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:LeasesOfLesseeDisclosureTextBlock>
	<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="FD2017Q3YTD" id="Fact-0011E341F11AFA2505A5E7FF2B5CF0D3">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;New Accounting Pronouncements &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below.  The Company does not expect difficulty in adopting these standards by their required effective dates.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2014-09 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Revenue from Contracts with Customers (Topic 606)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In May 2014, the FASB issued ASU 2014-09.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also revises the disclosure requirements regarding revenue.  Since the issuance of ASU 2014-09, the FASB issued a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year deferral of the effective date and has issued additional ASUs that clarify implementation guidance regarding principal versus agent considerations, licensing, and identifying performance obligations, as well as adding certain additional practical expedients.  When it becomes effective, the new standard will replace most existing revenue recognition guidance in GAAP.  ASU 2014-09 can be applied retrospectively to each prior period presented or on a modified retrospective basis with a cumulative effect adjustment to retained earnings on the date of adoption.  The Company anticipates adopting ASU 2014-09 on January 1, 2018, its required effective date, using the modified retrospective method of adoption.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company has substantially completed its assessment of ASU 2014-09, but, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding certain industry specific issues.  These industry specific issues include the impacts of the new guidance on its accounting for CIAC and the presentation of revenues associated with &amp;#8220;alternative revenue programs,&amp;#8221; which primarily result from the Company&amp;#8217;s approved rate rider programs.  Although conclusions have not been finalized, the Company does not anticipate a material change in revenue recognition under the new requirements.  The Company continues to analyze the financial statement presentation and disclosure requirements of ASU 2014-09.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-01 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Financial Instruments (Subtopic 825-10):&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Recognition and Measurement of Financial Assets and Financial Liabilities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In January 2016, the FASB issued ASU 2016-01, which makes targeted improvements to GAAP regarding financial instruments.  ASU 2016-01 eliminates the requirement to classify investments in equity securities with readily determinable fair values into trading or available-for-sale categories and requires those equity securities to be measured at fair value with changes in fair value recognized in net income rather than in OCI.  ASU 2016-01 also revises certain presentation and disclosure requirements.  Under ASU 2016-01, accounting for investments in debt securities remains essentially unchanged.  PNM currently classifies the investments held in the NDT and coal mine reclamation trusts as available-for-sale securities.  Unrealized losses on these securities are recorded immediately through earnings and unrealized gains are recorded in AOCI until the securities are sold.  The Company will adopt ASU 2016-01 on January 1, 2018, its required effective date.  At that time any unrealized gains, net of income taxes, recorded in AOCI related to equity securities will be reclassified to retained earnings as a cumulative effect adjustment and future changes in the value of equity securities will be recorded in earnings.  The amount of the cumulative adjustment upon adoption will depend on the amounts recorded in AOCI at that time, but PNM had unrealized gains on equity securities, net of income taxes, recorded in AOCI of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$9.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at September 30, 2017.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-02 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Leases (Topic 842)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In February 2016, the FASB issued ASU 2016-02 to provide guidance on the recognition, measurement, presentation, and disclosure of leases.  ASU 2016-02 will require that a liability be recorded on the balance sheet for all leases, based on the present value of future lease obligations.  A corresponding right-of-use asset will also be recorded.  Amortization of the lease obligation and the right-of-use asset for certain leases, primarily those classified as operating leases, will be on a straight-line basis, which is not expected to have a significant impact on the statements of earnings or cash flows, whereas other leases will be required to be accounted for as financing arrangements similar to the accounting treatment for capital leases under current GAAP.  ASU 2016-02 also revises certain disclosure requirements.  Although early adoption of the standard is permitted, the Company does not plan to adopt this standard prior to January 1, 2019, its required effective date.  At adoption of ASU 2016-02, leases will be recognized and measured as of the earliest period presented using a modified retrospective approach.  This approach requires all periods presented to be restated under the new guidance, but allows entities to apply certain practical expedients to arrangements that exist upon adoption or expired during the periods presented. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As further discussed in Note 7 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, the Company has operating leases of office buildings, vehicles, and equipment.  The Company also routinely enters into land easements and right-of-way agreements, but only a limited number of these agreements are considered leases under the current guidance.  PNM also has operating lease interests in PVNGS Units 1 and 2 that will expire in January 2023 and 2024.  The Company, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding industry specific issues for further clarification, including the treatment of land easements under ASU 2016-02.  The Company has formed a project team, conducted outreach activities across its lines of business, and made significant progress in identifying arrangements, in addition to its existing operating lease arrangements, that may be classified as leases under ASU 2016-02.  It is likely the arrangements currently classified as leases will continue to be recognized as leases under ASU 2016-02.  It is possible that other contractual arrangements not previously meeting the lease definition may contain elements that qualify as leases and that previously identified operating leases may be classified as financing leases under ASU 2016-02.  The Company is in the process of analyzing each of the identified contractual arrangement to determine if it contains lease elements under the new standard and quantifying the potential impacts of identified lease arrangements.  The Company is also evaluating the practical expedients, if any, it will elect upon adoption.  The Company anticipates this process will continue into 2018. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-13 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Financial Instruments &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets.  The Company anticipates adopting ASU 2016-13 on January 1, 2020 although early adoption is permitted beginning on January 1, 2019.  The Company is in the process of analyzing the impacts of this new standard, but does not anticipate it will have a significant impact on its financial statements.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-18 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Statement of Cash Flows (Topic 230): Restricted Cash&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In November 2016, the FASB issued ASU 2016-18, which requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows and adds disclosures necessary to reconcile such amounts to cash and cash equivalents on the balance sheets.  ASU 2016-18 does not provide a definition of what should be considered restricted cash.  Upon adoption, ASU 2016-18 requires the use of a retrospective transition method for each period presented.  The Company continues to analyze the impacts of ASU 2016-18, but does not believe the new standard will have a significant impact on its financial statements.  The Company will adopt ASU 2016-18 on January 1, 2018, its required effective date. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-04 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Intangibles &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process.  Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill).  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  ASU 2017-04 eliminates the second step of the impairment analysis.  Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference.  The Company anticipates it will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date, although early adoption is permitted.  However, if there is an indication of potential impairment of goodwill as a result of an impairment assessment prior to 2020, the Company will evaluate the impact of ASU 2017-04 and could elect to early adopt this standard.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-07 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Compensation &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension and other postretirement benefit costs.  Currently, the Company presents all of its net periodic benefit costs, net of amounts capitalized to construction and other accounts, as administrative and general expenses on its statements of earnings.  The amendments in ASU 2017-07 require the service cost component of net benefit costs be presented in the same line item or items as employees&amp;#8217; compensation.  The other components of net benefit cost (the &amp;#8220;non-service cost components&amp;#8221;) are required to be presented in the income statement separately from the service cost component and outside of operating income with disclosures identifying where the non-service cost components have been presented.  ASU 2017-07 also limits capitalization to only the service cost component of benefit costs.  PNMR and its subsidiaries maintain qualified defined benefit pension and OPEB plans.  Currently, net periodic benefit cost for the Company&amp;#8217;s defined benefit pension plans do not include a service cost component and there is only a minor amount of service cost for the OPEB plans.  Additional information about the Company&amp;#8217;s benefit plans is discussed in Note 12 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 10.  ASU 2017-07 requires retrospective presentation of the service and non-service cost components of net benefit costs in the income statement and prospective application regarding the capitalization of only the service cost component of net benefit costs.  The Company believes PNM and TNMP can continue to capitalize the non-service cost components of net benefit costs as regulatory assets to the extent attributable to regulated operations and does not anticipate ASU 2017-07 will have a significant impact on its financial statements.  The Company will adopt the standard on January 1, 2018, its required effective date.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-12 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In August 2017, the FASB issued ASU 2017-12 to better align hedge accounting with an organization&amp;#8217;s risk management activities and to simplify the application of hedge accounting guidance.  ASU 2017-12 is effective for the Company on January 1, 2019 although early adoption is permitted beginning on January 1, 2018.  As discussed in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 9, the Company periodically enters into, and designates as cash flow hedges, interest rate swaps to hedge its exposure to changes in interest rates. In addition, as discussed in Note 8 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 7, the Company enters into various derivative instruments to economically hedge the risk of changes in commodity prices, which are not designated as cash flow hedges.  The Company is evaluating the requirements of ASU 2017-12, but does not anticipate the changes will have a significant impact on the Company&amp;#8217;s accounting treatment for derivative instruments or on its financial statements.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The FASB issued &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-09 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Compensation &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;-&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;to simplify several aspects of the accounting for share-based payment transactions and eliminate diversity in practice.  PNMR&amp;#8217;s historical accounting for stock compensation complies with ASU 2016-09, except for the treatment of the income tax consequences of awards and the presentation of reductions to taxes payable on the Consolidated Statements of Cash Flows.  Prior to ASU 2016-09, benefits resulting from income tax deductions in excess of compensation cost recognized under GAAP for vested restricted stock and on exercised stock options (collectively, &amp;#8220;excess tax benefits&amp;#8221;) were recorded to equity provided the excess tax benefits reduced income taxes payable.  Deficiencies resulting from tax deductions related to stock awards that were below recognized compensation cost upon vesting and on canceled stock options were recorded to equity.  PNMR had not recorded excess tax benefits to equity since 2009 because it is in a net operating loss position for income tax purposes.  ASU 2016-09 requires that all excess tax benefits and deficiencies be recorded to tax expense and classified as cash flows from operating activities.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
	<us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-EA455BB7F476F7C33EBBE7FF2E1AA4AE">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension and Other Postretirement Benefit Plans&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR and its subsidiaries maintain qualified defined benefit pension plans, postretirement benefit plans providing medical and dental benefits, and executive retirement programs (collectively, the &amp;#8220;PNM Plans&amp;#8221; and &amp;#8220;TNMP Plans&amp;#8221;).  PNMR maintains the legal obligation for the benefits owed to participants under these plans. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Additional information concerning pension and OPEB plans is contained in Note 12 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.  Annual net periodic benefit cost for the plans is actuarially determined using the methods and assumptions set forth in that note and is recognized ratably throughout the year.  See New Accounting Pronouncements in Note 1.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM Plans&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present the components of the PNM Plans&amp;#8217; net periodic benefit cost:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:39%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,577&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,087&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;174&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;203&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,854&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,308&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,371&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,001&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,455&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;921&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;286&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;78&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(241&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(241&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(416&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net periodic benefit cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,036&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,937&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;227&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;267&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:39%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;105&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,181&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,731&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,019&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,260&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;523&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;609&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(25,352&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(26,562&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,923&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12,004&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,365&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,762&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;858&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;235&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;192&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(724&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(724&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,248&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net periodic benefit cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,109&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,810&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;682&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;758&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;801&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM did &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; make any contributions to its pension plan trust in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2017 and 2016 and does &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; anticipate making any contributions to the pension plan in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-2021,&amp;#160;based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;4.1%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;4.9%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Actual amounts to be funded in the future will be dependent on the actuarial assumptions at that time, including the appropriate discount rate.  PNM may make additional contributions at its discretion.  PNM made &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; contributions to the OPEB trust in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$2.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2016.  PNM does not expect to make any contributions to the OPEB trust in 2017-2021.&amp;#160; Disbursements under the executive retirement program, which are funded by PNM and considered to be contributions to the plan, were &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$0.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2016 and are expected to total &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$1.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; during &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$5.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for 2018-2021.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP Plans&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present the components of the TNMP Plans&amp;#8217; net periodic benefit cost:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:301px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;46&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;722&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;826&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;169&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(945&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(986&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(114&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;175&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(20&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;83&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:301px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;107&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,165&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,478&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;417&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;508&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,834&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,957&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;692&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;525&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(60&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;46&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;250&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP did &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; make any contributions to its pension plan trust in the three and nine months ended September 30, 2017 and 2016 and does &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; anticipate making any contributions in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-2021, based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;4.1%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;4.9%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  Actual amounts to be funded in the future will depend on the actuarial assumptions at that time, including the appropriate discount rate.  TNMP may make additional contributions at its discretion.  TNMP made contributions of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;none&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to the OPEB trust in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; contribution in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended September 30, 2016.  TNMP does &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;not&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; expect to make any additional contributions to the OPEB trust in &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and expects to make contributions totaling &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for 2018-2021.  Disbursements under the executive retirement program, which are funded by TNMP and considered to be contributions to the plan, were less than &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September 30, 2017 and 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and are expected to total &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; during &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in 2018-2021.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
	<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-455D3405E0FD157031C8E7FF328D520C">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Related Party Transactions&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR, PNM, and TNMP are considered related parties as defined under GAAP, as is PNMR Services Company, a wholly-owned subsidiary of PNMR that provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements.  These services are billed at cost on a monthly basis to the business units.  The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:346px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Services billings:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,189&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71,044&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;67,192&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,828&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,593&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,771&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,881&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;105&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;347&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;106&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;84&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;171&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest billings:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;126&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;112&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;163&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;110&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax sharing payments:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
	<us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock contextRef="FD2017Q3YTD" id="Fact-5304DE3247FF7BA65E5BE7FF2C27CD4B">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information regarding accumulated other comprehensive income (loss) for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.35477582846003%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:32%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Accumulated Other Comprehensive Income (Loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Gains on&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Adjustment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Available-for-&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;for Cash&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sale&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Liability&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Flow&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Adjustment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at December 31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,320&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(96,748&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(92,428&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(23&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(92,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amounts reclassified from AOCI (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,088&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,839&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(6,249&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;484&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,765&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of amounts reclassified&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,878&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,424&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(187&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,237&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Other OCI changes (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(278&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,024&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of other OCI changes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,546&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net after-tax change&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,862&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,961&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,823&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;127&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,950&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,182&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(93,787&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(82,605&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(82,501&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:584px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:194px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:74px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:62px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:51px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:66px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:51px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:5px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:5px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at December 31, 2015&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,346&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(88,822&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(71,476&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;44&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(71,432&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Amounts reclassified from AOCI (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(10,135&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,128&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(6,007&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;573&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,434&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of amounts reclassified&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,955&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,611&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,344&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,120&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Other OCI changes (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,810&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of other OCI changes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;509&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(707&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net after-tax change&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,281&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,517&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,764&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(447&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,211&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,065&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(86,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(73,240&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(403&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(73,643&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock>
	<us-gaap:ScheduleOfDebtInstrumentsTextBlock contextRef="FD2017Q3YTD" id="Fact-1F17C2493C73C80A5579E7FF2D9DFA2C">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information concerning the maturities and interest rates on the PNM 2018 SUNs to be issued in May 2018 and August 2018 is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="10" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:90px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:90px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:62px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Scheduled&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Funding&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Maturity&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Principal&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Date&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Amount&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Rate&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In millions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2023&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;55.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2025&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.45&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2033&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.93&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2038&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;45.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.22&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;May 15, 2048&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.50&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;350.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3.78&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2018&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;August 1, 2048&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;85.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4.60&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;%&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;450.0&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
	<us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock contextRef="FD2017Q3YTD" id="Fact-07EABF529D2988A74B89E7FF2D20288A">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following table presents the effect of mark-to-market commodity derivative instruments on PNM&amp;#8217;s earnings, excluding income tax effects.  Commodity derivatives had &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; impact on OCI for the periods presented.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:500px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:214px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,237&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,652&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,697&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;214&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(14&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,289&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;Total gain (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,251&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,651&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;408&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(899&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock>
	<us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock contextRef="FD2017Q3YTD" id="Fact-20E5E6690BD9DC40B1BCE7FF2D2099DE">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM&amp;#8217;s commodity derivative instruments that are recorded at fair value, all of which are accounted for as economic hedges, are summarized as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:401px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:214px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:78px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30, &lt;br clear="none"/&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31, &lt;br clear="none"/&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,093&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Deferred charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,846&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,939&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,279&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Long-term liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,846&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,339&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,814&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,885&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock>
	<us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef="FD2017Q3YTD" id="Fact-2277844636B3E44AD27EE7FF2B6B278E">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information regarding the computation of earnings per share is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:646px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:337px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:59px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:top;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands, except per share amounts)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Earnings Attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,739&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,418&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134,156&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,040&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Number of Common Shares:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:13px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Outstanding during period&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Vested awards of restricted stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;284&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;96&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;215&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;99&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:25px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Shares &amp;#8211; Basic&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,938&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,750&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,869&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;79,753&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Dilutive Effect of Common Stock Equivalents:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Stock options and restricted stock&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;263&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;377&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:37px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Average Shares &amp;#8211; Diluted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,117&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,130&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Earnings Per Share of Common Stock:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Basic&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Diluted&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.92&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;0.68&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.67&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1.15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
	<us-gaap:ScheduleOfNetBenefitCostsTableTextBlock contextRef="FD2017Q3YTD" id="Fact-19E777430D7E96425C42E7FF2E1ADC52">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present the components of the PNM Plans&amp;#8217; net periodic benefit cost:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:39%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,577&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,087&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;174&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;203&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,854&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,308&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,371&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,001&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,455&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;921&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;286&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;78&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(241&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(241&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(416&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net periodic benefit cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,036&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,937&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;227&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;267&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:9px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:39%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:7%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:6%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:2%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:8%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;105&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,181&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,731&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,019&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,260&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;523&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;609&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(25,352&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(26,562&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,923&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12,004&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,365&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,762&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;858&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;235&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;192&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(724&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(724&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,248&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net periodic benefit cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,109&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,810&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;682&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;758&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;801&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present the components of the TNMP Plans&amp;#8217; net periodic benefit cost:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:301px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;46&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;722&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;826&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;169&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(945&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(986&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(114&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;231&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;175&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(20&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;41&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;83&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:20px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="24" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:301px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:44px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:38px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:48px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;OPEB Plan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Executive Retirement Program&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Components of Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;107&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,165&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,478&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;417&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;508&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Expected return on plan assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,834&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,957&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of net (gain) loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;692&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;525&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(60&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Net Periodic Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;46&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;250&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfNetBenefitCostsTableTextBlock>
	<us-gaap:ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock contextRef="FD2017Q3YTD" id="Fact-3E5AD34E079188875334E7FF2D20A61E">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The table below presents PNM&amp;#8217;s net buy (sell) volume positions:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:58.0896686159844%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="7" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:47%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:14%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:18%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:18%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Economic Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;MMBTU&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;MWh&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(630,933&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;254,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,471,600&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock>
	<us-gaap:ScheduleOfRealizedGainLossTableTextBlock contextRef="FD2017Q3YTD" id="Fact-BD45A3DF5137929B2168E7FF2D20AAF1">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The proceeds and gross realized gains and losses on the disposition of available-for-sale securities are shown in the following table.  Realized gains and losses are determined by specific identification of costs of securities sold.  Gross realized losses shown below exclude the (increase)/decrease in realized impairment losses of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the three and nine months ended September 30, 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for the three and nine months ended September 30, 2016.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:474px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:189px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Proceeds from sales&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;98,532&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;86,975&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;456,577&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;280,989&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Gross realized gains&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,128&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,026&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24,745&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,273&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Gross realized (losses)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,829&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,565&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,150&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(12,913&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfRealizedGainLossTableTextBlock>
	<us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock contextRef="FD2017Q3YTD" id="Fact-3BEC6FE29635E52C2855E7FF328D7D08">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:346px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:52px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Services billings:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,189&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71,044&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;67,192&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,828&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,593&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;23,771&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,881&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;105&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;347&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;106&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;30&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;84&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;171&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest billings:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;126&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;112&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;38&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;163&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;110&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax sharing payments:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;padding-left:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR to TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock>
	<us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock contextRef="FD2017Q3YTD" id="Fact-3C894A8EE88DEFAC1576E7FF2BD91AC9">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present summarized financial information for PNMR by segment.  PNM and TNMP each operate in only one segment.  Therefore, tabular segment information is not presented for PNM and TNMP.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR SEGMENT INFORMATION&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.54970760233918%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:47%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;Corporate&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;and Other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Consolidated&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Three Months Ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;327,254&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,646&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;419,900&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;82,367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,381&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;103,748&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;244,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71,265&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316,152&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;94,871&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25,367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,391&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114,847&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36,764&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,424&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,633&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,821&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;113,252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;29,474&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(242&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;142,484&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,782&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,800&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,582&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(460&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,110&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(20,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,704&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,951&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(32,106&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,925&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,998&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;121,070&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35,642&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,271&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,170&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;42,743&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65,283&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;78,327&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,695&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,739&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Nine Months Ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;854,909&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;257,489&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,112,398&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;246,635&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,183&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;310,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;608,274&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;193,306&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;801,580&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;288,300&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,188&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(15,286&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;345,202&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,392&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,209&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;172,829&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;210,746&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,726&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(923&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;283,549&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,457&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,891&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12,348&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;19,924&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,392&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(918&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,398&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(62,393&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,619&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(96,137&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;174,734&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53,499&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,075&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;221,158&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,865&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,964&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,675&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;75,154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115,869&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,400&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;146,004&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104,021&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,400&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134,156&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;At September 30, 2017:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total Assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,023,816&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,465,219&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;208,219&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,697,254&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Goodwill&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;51,632&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;226,665&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278,297&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.15984405458089%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:46%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;Corporate&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;and Other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Consolidated&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Three Months Ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;311,276&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;89,098&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;400,374&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88,565&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,201&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108,766&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;222,711&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,897&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;291,608&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24,184&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;130,520&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;33,312&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,354&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,351&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53,017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,057&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,359&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108,071&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,509&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,095&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,604&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,980&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;855&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(184&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,651&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,213&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,308&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,946&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(32,467&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,333&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,906&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(380&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;85,859&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;19,343&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,053&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(93&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,303&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;44,990&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(287&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,556&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,852&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(287&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,418&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Nine Months Ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;780,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;246,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,026,726&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;222,376&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;282,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;557,852&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;186,376&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;744,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;314,961&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70,328&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(9,261&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;376,028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;97,778&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;45,760&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,263&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;153,801&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;145,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70,288&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,002&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;214,399&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,549&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,871&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,420&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,517&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,927&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(66,494&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,150&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(97,179&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104,473&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50,277&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,183&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;153,567&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,460&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(497&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50,094&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,817&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(686&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;103,473&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,909&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,817&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(686&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,040&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;At September 30, 2016:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total Assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,799,012&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,366,840&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;237,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,403,670&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Goodwill&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;51,632&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;226,665&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278,297&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
	<us-gaap:ScheduleOfShortTermDebtTextBlock contextRef="FD2017Q3YTD" id="Fact-FBB8809021D73304A754E7FF2D9DE677">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Short-term debt outstanding consisted of:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:399px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="9" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:213px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December 31,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Short-term Debt&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM New Mexico Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;26,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR Revolving Credit Facility&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;166,500&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;126,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNMR 2016 One-Year Term Loan&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;266,500&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;287,100&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfShortTermDebtTextBlock>
	<us-gaap:ScheduleOfVariableInterestEntitiesTextBlock contextRef="FD2017Q3YTD" id="Fact-AC8EFCD5EFC2BD55418DE7FF2C27359D">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Summarized financial information for Valencia is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Results of Operations&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:448px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:182px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:50px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:50px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:46px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:46px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,859&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,356&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15,880&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15,541&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,403&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,350&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,428&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,504&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Earnings attributable to non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;padding-left:24px;text-indent:-24px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Financial Position&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:285px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,551&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net property, plant, and equipment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66,947&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;69,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;907&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;578&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Owners&amp;#8217; equity &amp;#8211; non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;67,409&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,920&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
	<us-gaap:SegmentReportingDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-F715F002F80E89F0B1AEE7FF2BD938F5">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment Information&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following segment presentation is based on the methodology that management uses for making operating decisions and assessing performance of its various business activities.  A reconciliation of the segment presentation to the GAAP financial statements is provided.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM includes the retail electric utility operations of PNM that are subject to traditional rate regulation by the NMPRC.  PNM provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico.  PNM also includes the generation and sale of electricity into the wholesale market, as well as providing transmission services to third parties.  The sale of electricity includes the asset optimization of PNM&amp;#8217;s jurisdictional capacity, as well as the capacity excluded from retail rates.  FERC has jurisdiction over wholesale power and transmission rates.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP is an electric utility providing services in Texas under the TECA.  TNMP&amp;#8217;s operations are subject to traditional rate regulation by the PUCT.  TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP&amp;#8217;s service area.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Corporate and Other&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company.  The activities of PNMR Development and NM Capital are also included in Corporate and Other.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The following tables present summarized financial information for PNMR by segment.  PNM and TNMP each operate in only one segment.  Therefore, tabular segment information is not presented for PNM and TNMP.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR SEGMENT INFORMATION&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.54970760233918%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:47%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;Corporate&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;and Other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Consolidated&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Three Months Ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;327,254&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,646&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;419,900&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;82,367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,381&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;103,748&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;244,887&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;71,265&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;316,152&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;94,871&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;25,367&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,391&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;114,847&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;36,764&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,424&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,633&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,821&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;113,252&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;29,474&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(242&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;142,484&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,782&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,800&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,582&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(460&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;7,110&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(20,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,704&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,951&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(32,106&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;100,925&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,998&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;121,070&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;35,642&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,271&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,170&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;42,743&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;65,283&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;78,327&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,695&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;14,727&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,683&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,739&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Nine Months Ended September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;854,909&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;257,489&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,112,398&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;246,635&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,183&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;310,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;608,274&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;193,306&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;801,580&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;288,300&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,188&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(15,286&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;345,202&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;47,392&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,209&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;172,829&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;210,746&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;73,726&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(923&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;283,549&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,457&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,891&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;12,348&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;19,924&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,392&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(918&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,398&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(62,393&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,619&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,125&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(96,137&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;174,734&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53,499&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,075&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;221,158&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,865&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,964&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,675&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;75,154&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;115,869&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,400&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;146,004&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104,021&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;34,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,400&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;134,156&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;At September 30, 2017:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total Assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,023,816&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,465,219&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;208,219&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,697,254&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Goodwill&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;51,632&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;226,665&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278,297&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.15984405458089%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:46%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;TNMP&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;Corporate&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align:center;font-size:9pt;"&gt;&lt;font style="font-family:inherit;font-size:9pt;font-weight:bold;"&gt;and Other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Consolidated&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Three Months Ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;311,276&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;89,098&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;400,374&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;88,565&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;20,201&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108,766&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;222,711&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,897&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;291,608&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;109,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;24,184&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(3,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;130,520&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;33,312&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;16,354&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,351&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;53,017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;80,057&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;28,359&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(345&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108,071&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,509&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,095&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,604&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,980&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;855&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(184&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,651&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,213&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(7,308&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,946&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(32,467&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,333&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;21,906&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(380&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;85,859&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;19,343&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,053&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(93&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;27,303&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;44,990&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(287&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;58,556&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(132&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;40,852&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,853&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(287&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;54,418&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:17px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"&gt;Nine Months Ended September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Electric operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;780,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;246,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,026,726&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Cost of energy&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;222,376&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,122&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;282,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Utility margin&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;557,852&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;186,376&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;744,228&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;314,961&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70,328&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(9,261&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;376,028&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Depreciation and amortization&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;97,778&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;45,760&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;10,263&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;153,801&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Operating income (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;145,113&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;70,288&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,002&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;214,399&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest income&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;8,549&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,871&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,420&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Other income (deductions)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,139&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,517&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,927&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Interest charges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(66,494&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(22,150&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,535&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(97,179&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) before income taxes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104,473&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50,277&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,183&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;153,567&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income taxes (benefit)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;32,131&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;18,460&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(497&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50,094&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;72,342&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,817&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(686&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;103,473&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Valencia non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Subsidiary preferred stock dividends&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(396&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Segment earnings (loss) attributable to PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;60,909&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;31,817&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(686&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;92,040&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:10px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;At September 30, 2016:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total Assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,799,012&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,366,840&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;237,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,403,670&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;text-indent:18px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Goodwill&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;51,632&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;226,665&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;278,297&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
	<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="FD2017Q3YTD" id="Fact-BAB9C70680FFAC833A05E7FF2B5CC604">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Significant Accounting Policies and Responsibility for Financial Statements&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Financial Statement Preparation&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In the opinion of management, the accompanying unaudited interim Condensed Consolidated Financial Statements reflect all normal and recurring accruals and adjustments that are necessary to present fairly the consolidated financial position at &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;December&amp;#160;31, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the consolidated results of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016, and the consolidated cash flows for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;nine months ended September 30, 2017 and 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could ultimately differ from those estimated.  Weather causes the Company&amp;#8217;s results of operations to be seasonal in nature and the results of operations presented in the accompanying Condensed Consolidated Financial Statements are not necessarily representative of operations for an entire year.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Notes to Condensed Consolidated Financial Statements include disclosures for PNMR, PNM, and TNMP.  This report uses the term &amp;#8220;Company&amp;#8221; when discussing matters of common applicability to PNMR, PNM, and TNMP.  Discussions regarding only PNMR, PNM, or TNMP are so indicated.  Certain amounts in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; financial statement presentation.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;These Condensed Consolidated Financial Statements are unaudited.  Certain information and note disclosures normally included in the annual Consolidated Financial Statements have been condensed or omitted, as permitted under the applicable rules and regulations.  Readers of these financial statements should refer to PNMR&amp;#8217;s, PNM&amp;#8217;s, and TNMP&amp;#8217;s audited Consolidated Financial Statements and Notes thereto that are included in their respective &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP defines subsequent events as events or transactions that occur after the balance sheet date, but before financial statements are issued or are available to be issued.  Based on their nature, magnitude, and timing, certain subsequent events may be required to be reflected at the balance sheet date and/or required to be disclosed in the financial statements.  The Company has evaluated subsequent events as required by GAAP.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Principles of Consolidation&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Condensed Consolidated Financial Statements of each of PNMR, PNM, and TNMP include their accounts and those of subsidiaries in which that entity owns a majority voting interest.  PNM also consolidates Valencia (Note 5) and, through January 15, 2016, the PVNGS Capital Trust.  PNM owns undivided interests in several jointly-owned power plants and records its pro-rata share of the assets, liabilities, and expenses for those plants.  The agreements for the jointly-owned plants provide that if an owner were to default on its payment obligations, the non-defaulting owners would be responsible for their proportionate share of the obligations of the defaulting owner.  In exchange, the non-defaulting owners would be entitled to their proportionate share of the generating capacity of the defaulting owner.  There have been &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;no&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; such payment defaults under any of the agreements for the jointly-owned plants.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Certain PNMR shared services&amp;#8217; expenses, which represent costs that are primarily driven by corporate level activities, are charged to the business segments.  These services are billed at cost and are reflected as general and administrative expenses in the business segments.  Other significant intercompany transactions between PNMR, PNM, and TNMP include interest and income tax sharing payments, as well as equity transactions.  All intercompany transactions and balances have been eliminated.  See Note 14.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Dividends on Common Stock&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Dividends on PNMR&amp;#8217;s common stock are declared by the Board.  The timing of the declaration of dividends is dependent on the timing of meetings and other actions of the Board.  This has historically resulted in dividends considered to be attributable to the second quarter of each year being declared through actions of the Board during the third quarter of the year.  The Board declared dividends on common stock considered to be for the second quarter of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2425&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per share in July 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.22&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in July 2016, which are reflected as being in the second quarter within &amp;#8220;Dividends Declared per Common Share&amp;#8221; on the PNMR Condensed Consolidated Statements of Earnings.  The Board declared dividends on common stock considered to be for the third quarter of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.2425&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per share in September 2017 and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.22&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; per share in September 2016, which are reflected as being in the third quarter within &amp;#8220;Dividends Declared per Common Share&amp;#8221; on the PNMR Condensed Consolidated Statement of Earnings.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;TNMP declared and paid cash dividends on common stock to PNMR of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$29.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the nine months ended September 30, 2017.  PNM and TNMP declared and paid cash dividends on common stock to PNMR of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$18.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in the nine months ended September 30, 2016.  In the nine months ended September 30, 2016, PNMR made equity contributions of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$28.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to PNM and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$50.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; to TNMP.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;New Accounting Pronouncements &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below.  The Company does not expect difficulty in adopting these standards by their required effective dates.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2014-09 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Revenue from Contracts with Customers (Topic 606)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In May 2014, the FASB issued ASU 2014-09.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also revises the disclosure requirements regarding revenue.  Since the issuance of ASU 2014-09, the FASB issued a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;-year deferral of the effective date and has issued additional ASUs that clarify implementation guidance regarding principal versus agent considerations, licensing, and identifying performance obligations, as well as adding certain additional practical expedients.  When it becomes effective, the new standard will replace most existing revenue recognition guidance in GAAP.  ASU 2014-09 can be applied retrospectively to each prior period presented or on a modified retrospective basis with a cumulative effect adjustment to retained earnings on the date of adoption.  The Company anticipates adopting ASU 2014-09 on January 1, 2018, its required effective date, using the modified retrospective method of adoption.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;The Company has substantially completed its assessment of ASU 2014-09, but, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding certain industry specific issues.  These industry specific issues include the impacts of the new guidance on its accounting for CIAC and the presentation of revenues associated with &amp;#8220;alternative revenue programs,&amp;#8221; which primarily result from the Company&amp;#8217;s approved rate rider programs.  Although conclusions have not been finalized, the Company does not anticipate a material change in revenue recognition under the new requirements.  The Company continues to analyze the financial statement presentation and disclosure requirements of ASU 2014-09.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-01 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Financial Instruments (Subtopic 825-10):&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Recognition and Measurement of Financial Assets and Financial Liabilities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In January 2016, the FASB issued ASU 2016-01, which makes targeted improvements to GAAP regarding financial instruments.  ASU 2016-01 eliminates the requirement to classify investments in equity securities with readily determinable fair values into trading or available-for-sale categories and requires those equity securities to be measured at fair value with changes in fair value recognized in net income rather than in OCI.  ASU 2016-01 also revises certain presentation and disclosure requirements.  Under ASU 2016-01, accounting for investments in debt securities remains essentially unchanged.  PNM currently classifies the investments held in the NDT and coal mine reclamation trusts as available-for-sale securities.  Unrealized losses on these securities are recorded immediately through earnings and unrealized gains are recorded in AOCI until the securities are sold.  The Company will adopt ASU 2016-01 on January 1, 2018, its required effective date.  At that time any unrealized gains, net of income taxes, recorded in AOCI related to equity securities will be reclassified to retained earnings as a cumulative effect adjustment and future changes in the value of equity securities will be recorded in earnings.  The amount of the cumulative adjustment upon adoption will depend on the amounts recorded in AOCI at that time, but PNM had unrealized gains on equity securities, net of income taxes, recorded in AOCI of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$9.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; at September 30, 2017.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-02 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Leases (Topic 842)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In February 2016, the FASB issued ASU 2016-02 to provide guidance on the recognition, measurement, presentation, and disclosure of leases.  ASU 2016-02 will require that a liability be recorded on the balance sheet for all leases, based on the present value of future lease obligations.  A corresponding right-of-use asset will also be recorded.  Amortization of the lease obligation and the right-of-use asset for certain leases, primarily those classified as operating leases, will be on a straight-line basis, which is not expected to have a significant impact on the statements of earnings or cash flows, whereas other leases will be required to be accounted for as financing arrangements similar to the accounting treatment for capital leases under current GAAP.  ASU 2016-02 also revises certain disclosure requirements.  Although early adoption of the standard is permitted, the Company does not plan to adopt this standard prior to January 1, 2019, its required effective date.  At adoption of ASU 2016-02, leases will be recognized and measured as of the earliest period presented using a modified retrospective approach.  This approach requires all periods presented to be restated under the new guidance, but allows entities to apply certain practical expedients to arrangements that exist upon adoption or expired during the periods presented. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As further discussed in Note 7 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, the Company has operating leases of office buildings, vehicles, and equipment.  The Company also routinely enters into land easements and right-of-way agreements, but only a limited number of these agreements are considered leases under the current guidance.  PNM also has operating lease interests in PVNGS Units 1 and 2 that will expire in January 2023 and 2024.  The Company, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding industry specific issues for further clarification, including the treatment of land easements under ASU 2016-02.  The Company has formed a project team, conducted outreach activities across its lines of business, and made significant progress in identifying arrangements, in addition to its existing operating lease arrangements, that may be classified as leases under ASU 2016-02.  It is likely the arrangements currently classified as leases will continue to be recognized as leases under ASU 2016-02.  It is possible that other contractual arrangements not previously meeting the lease definition may contain elements that qualify as leases and that previously identified operating leases may be classified as financing leases under ASU 2016-02.  The Company is in the process of analyzing each of the identified contractual arrangement to determine if it contains lease elements under the new standard and quantifying the potential impacts of identified lease arrangements.  The Company is also evaluating the practical expedients, if any, it will elect upon adoption.  The Company anticipates this process will continue into 2018. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-13 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Financial Instruments &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets.  The Company anticipates adopting ASU 2016-13 on January 1, 2020 although early adoption is permitted beginning on January 1, 2019.  The Company is in the process of analyzing the impacts of this new standard, but does not anticipate it will have a significant impact on its financial statements.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2016-18 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Statement of Cash Flows (Topic 230): Restricted Cash&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In November 2016, the FASB issued ASU 2016-18, which requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows and adds disclosures necessary to reconcile such amounts to cash and cash equivalents on the balance sheets.  ASU 2016-18 does not provide a definition of what should be considered restricted cash.  Upon adoption, ASU 2016-18 requires the use of a retrospective transition method for each period presented.  The Company continues to analyze the impacts of ASU 2016-18, but does not believe the new standard will have a significant impact on its financial statements.  The Company will adopt ASU 2016-18 on January 1, 2018, its required effective date. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-04 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Intangibles &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process.  Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill).  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  ASU 2017-04 eliminates the second step of the impairment analysis.  Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference.  The Company anticipates it will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date, although early adoption is permitted.  However, if there is an indication of potential impairment of goodwill as a result of an impairment assessment prior to 2020, the Company will evaluate the impact of ASU 2017-04 and could elect to early adopt this standard.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-07 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211; &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Compensation &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension and other postretirement benefit costs.  Currently, the Company presents all of its net periodic benefit costs, net of amounts capitalized to construction and other accounts, as administrative and general expenses on its statements of earnings.  The amendments in ASU 2017-07 require the service cost component of net benefit costs be presented in the same line item or items as employees&amp;#8217; compensation.  The other components of net benefit cost (the &amp;#8220;non-service cost components&amp;#8221;) are required to be presented in the income statement separately from the service cost component and outside of operating income with disclosures identifying where the non-service cost components have been presented.  ASU 2017-07 also limits capitalization to only the service cost component of benefit costs.  PNMR and its subsidiaries maintain qualified defined benefit pension and OPEB plans.  Currently, net periodic benefit cost for the Company&amp;#8217;s defined benefit pension plans do not include a service cost component and there is only a minor amount of service cost for the OPEB plans.  Additional information about the Company&amp;#8217;s benefit plans is discussed in Note 12 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 10.  ASU 2017-07 requires retrospective presentation of the service and non-service cost components of net benefit costs in the income statement and prospective application regarding the capitalization of only the service cost component of net benefit costs.  The Company believes PNM and TNMP can continue to capitalize the non-service cost components of net benefit costs as regulatory assets to the extent attributable to regulated operations and does not anticipate ASU 2017-07 will have a significant impact on its financial statements.  The Company will adopt the standard on January 1, 2018, its required effective date.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt;Accounting Standards Update 2017-12 &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8211;&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;font-style:italic;"&gt; Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;In August 2017, the FASB issued ASU 2017-12 to better align hedge accounting with an organization&amp;#8217;s risk management activities and to simplify the application of hedge accounting guidance.  ASU 2017-12 is effective for the Company on January 1, 2019 although early adoption is permitted beginning on January 1, 2018.  As discussed in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 9, the Company periodically enters into, and designates as cash flow hedges, interest rate swaps to hedge its exposure to changes in interest rates. In addition, as discussed in Note 8 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 7, the Company enters into various derivative instruments to economically hedge the risk of changes in commodity prices, which are not designated as cash flow hedges.  The Company is evaluating the requirements of ASU 2017-12, but does not anticipate the changes will have a significant impact on the Company&amp;#8217;s accounting treatment for derivative instruments or on its financial statements.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
	<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-A73A515A837CB5C4C76AE7FF2C270E8C">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Accumulated Other Comprehensive Income (Loss)&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Information regarding accumulated other comprehensive income (loss) for the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.35477582846003%;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:32%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:13%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:11%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:12%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:1%;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Accumulated Other Comprehensive Income (Loss)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNM&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;PNMR&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Unrealized&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Gains on&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Adjustment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Available-for-&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Pension&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;for Cash&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Sale&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Liability&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Flow&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Adjustment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Hedges&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Total&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at December 31, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,320&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(96,748&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(92,428&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(23&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(92,451&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Amounts reclassified from AOCI (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(11,088&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,839&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(6,249&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;484&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,765&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of amounts reclassified&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,878&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,424&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(187&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,237&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Other OCI changes (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,302&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(278&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;22,024&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of other OCI changes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,654&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;108&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(8,546&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net after-tax change&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;6,862&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,961&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,823&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;127&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;9,950&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at September 30, 2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,182&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(93,787&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(82,605&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;104&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(82,501&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:584px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="20" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:194px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:74px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:62px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:51px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:66px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:51px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;height:5px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="overflow:hidden;height:5px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at December 31, 2015&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;17,346&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(88,822&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(71,476&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;44&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(71,432&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Amounts reclassified from AOCI (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(10,135&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,128&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(6,007&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;573&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(5,434&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of amounts reclassified&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,955&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,611&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,344&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(224&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,120&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;Other OCI changes (pre-tax)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,115&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;1,810&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Income tax impact of other OCI changes&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#8212;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,216&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;509&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(707&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net after-tax change&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,281&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,517&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,764&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(447&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(2,211&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Balance at September 30, 2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;13,065&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(86,305&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(73,240&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(403&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(73,643&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Pre-tax amounts reclassified from AOCI related to &amp;#8220;Unrealized Gains on Available-for-Sale Securities&amp;#8221; are included in &amp;#8220;Gains on available-for-sale securities&amp;#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &amp;#8220;Pension Liability Adjustment&amp;#8221; are reclassified to &amp;#8220;Operating Expenses &amp;#8211; Administrative and general&amp;#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &amp;#8220;Fair Value Adjustment for Cash Flow Hedges&amp;#8221; are reclassified to &amp;#8220;Interest Charges&amp;#8221; in the Condensed Consolidated Statements of Earnings.  An insignificant amount is included in capitalized interest.  The income tax impacts of all amounts reclassified from AOCI are included in &amp;#8220;Income Taxes&amp;#8221; in the Condensed Consolidated Statements of Earnings.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
	<us-gaap:StockholdersEquityPolicyTextBlock contextRef="FD2017Q3YTD" id="Fact-C6023DF211A07729B060E7FF2B5CD61B">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Dividends on Common Stock&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Dividends on PNMR&amp;#8217;s common stock are declared by the Board.  The timing of the declaration of dividends is dependent on the timing of meetings and other actions of the Board.  This has historically resulted in dividends considered to be attributable to the second quarter of each year being declared through actions of the Board during the third quarter of the year. &lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:StockholdersEquityPolicyTextBlock>
	<us-gaap:VariableInterestEntityDisclosureTextBlock contextRef="FD2017Q3YTD" id="Fact-7D0E26D20209299D41E0E7FF2C2779F2">&lt;div style="font-family:Times New Roman;font-size:10pt;"&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Variable Interest Entities&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;GAAP determines how an enterprise evaluates and accounts for its involvement with variable interest entities, focusing primarily on whether the enterprise has the power to direct the activities that most significantly impact the economic performance of a variable interest entity (&amp;#8220;VIE&amp;#8221;).  GAAP also requires continual reassessment of the primary beneficiary of a VIE.  Additional information concerning PNM&amp;#8217;s VIEs is contained in Note 9 of the Notes to Consolidated Financial Statements in the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; Annual Reports on Form 10-K.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Valencia&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM has a PPA to purchase all of the electric capacity and energy from Valencia, a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;158&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; MW natural gas-fired power plant near Belen, New Mexico, through May 2028.  A third party built, owns, and operates the facility while PNM is the sole purchaser of the electricity generated.  PNM is obligated to pay fixed operation and maintenance and capacity charges in addition to variable operation and maintenance charges under this PPA.  For the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM paid &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$14.7 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for fixed charges and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for variable charges.  For the &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;three and nine&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2016&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, PNM paid &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$4.9 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$14.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for fixed charges and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$0.5 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.1 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; for variable charges.  PNM does not have any other financial obligations related to Valencia.  The assets of Valencia can only be used to satisfy its obligations and creditors of Valencia do not have any recourse against PNM&amp;#8217;s assets.  During the term of the PPA, PNM has the option, under certain conditions, to purchase and own up to &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of the plant or the VIE.  The PPA specifies that the purchase price would be the greater of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of book value reduced by related indebtedness or &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;50%&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; of fair market value.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;PNM has concluded that the third-party entity that owns Valencia is a VIE and that PNM is the primary beneficiary of the entity under GAAP since PNM has the power to direct the activities that most significantly impact the economic performance of Valencia and will absorb the majority of the variability in the cash flows of the plant.  As the primary beneficiary, PNM consolidates Valencia in its financial statements.  Accordingly, the assets, liabilities, operating expenses, and cash flows of Valencia are included in the Condensed Consolidated Financial Statements of PNM although PNM has no legal ownership interest or voting control of the VIE.  The assets and liabilities of Valencia set forth below are immaterial to PNM and, therefore, not shown separately on the Condensed Consolidated Balance Sheets.  The owner&amp;#8217;s equity and net income of Valencia are considered attributable to non-controlling interest. &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:100%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Summarized financial information for Valencia is as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Results of Operations&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:448px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="16" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:182px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:50px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:50px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:10px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:46px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:46px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Three Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Nine Months Ended September 30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;text-indent:1px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Operating revenues&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,859&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;5,356&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15,880&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;15,541&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Operating expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,403&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(1,350&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,428&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(4,504&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Earnings attributable to non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,456&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;4,006&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,452&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;11,037&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;padding-left:24px;text-indent:-24px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Financial Position&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:center;font-size:10pt;"&gt;&lt;div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"&gt;&lt;table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"&gt;&lt;tr&gt;&lt;td colspan="8" rowspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:285px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:76px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:5px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:9px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:72px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;td style="width:4px;" rowspan="1" colspan="1"&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;September&amp;#160;30,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;December&amp;#160;31,&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2017&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;2016&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:center;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;(In thousands)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;3,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;2,551&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Net property, plant, and equipment&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;64,818&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;66,947&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Total assets&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,316&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;69,498&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Current liabilities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;907&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;578&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:justify;text-indent:12px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Owners&amp;#8217; equity &amp;#8211; non-controlling interest&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;67,409&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"&gt;&lt;div style="overflow:hidden;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:right;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;68,920&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"&gt;&lt;div style="text-align:left;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;font-weight:bold;"&gt;Westmoreland San Juan LLC (&amp;#8220;WSJ&amp;#8221;) and SJCC&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;As discussed in the subheading Coal Supply in Note 11, PNM purchases coal for SJGS from SJCC under a coal supply agreement (&amp;#8220;CSA&amp;#8221;).  That section includes information on the acquisition of SJCC by WSJ, a subsidiary of Westmoreland, on January 31, 2016, as well as a &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; loan (the &amp;#8220;Westmoreland Loan&amp;#8221;) from NM Capital, a subsidiary of PNMR, to WSJ, which loan provided substantially all of the funds required for the SJCC purchase, and the issuance of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$30.3 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; in letters of credit to facilitate the issuance of reclamation bonds required in order for SJCC to mine coal to be supplied to SJGS.  The Westmoreland Loan and the letters of credit support result in PNMR being considered to have a variable interest in WSJ, including its subsidiary, SJCC, since PNMR and NM Capital could be subject to possible loss in the event of a default by WSJ under the Westmoreland Loan and/or performance was required under the letter of credit support.&amp;#160; Principal payments under the Westmoreland Loan began on August 1, 2016 and are required quarterly thereafter.  Interest is also paid quarterly beginning on May 3, 2016.  &lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;At &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;September&amp;#160;30, 2017&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;, the amount outstanding under the Westmoreland Loan was &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$66.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;.  In addition, interest receivable of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.2 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is included in Other receivables.  The Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  A principal payment of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$9.6 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; plus interest of &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$1.8 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; is due on November 1, 2017.  As of October 20, 2017, &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$11.4 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; was held in a SJCC bank account that is restricted solely to be used to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC.  In the event of a default by WSJ, NM Capital would have the ability to take over the mining operations.&amp;#160; In such event, NM Capital would likely engage a third-party mining company to operate SJCC so that operations of the mine are not disrupted.  The acquisition of SJCC for approximately &lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;$125.0 million&lt;/font&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt; on January 31, 2016 was an arm&amp;#8217;s-length negotiated transaction between Westmoreland and BHP, which amount should approximate the fair value of SJCC at the date of acquisition.&amp;#160; If WSJ were to default, NM Capital should be able to acquire assets of approximately the value of the Westmoreland Loan without a significant loss.  Furthermore, PNMR considers the possibility of loss under the letters of credit support to be remote since the purpose of posting the bonds is to provide assurance that SJCC performs the required reclamation of the mine site in accordance with applicable regulations and all reclamation costs are reimbursable under the CSA.  Also, much of the mine reclamation activities will not be performed until after the expiration of the CSA and the final maturity of the Westmoreland Loan.  In addition, each of the SJGS participants has established and funds a trust to meet its future reclamation obligations.&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;&lt;br clear="none"/&gt;&lt;/font&gt;&lt;/div&gt;&lt;div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"&gt;&lt;font style="font-family:inherit;font-size:10pt;"&gt;Both WSJ and SJCC are considered to be VIEs.&amp;#160; PNMR&amp;#8217;s analysis of these arrangements concluded that Westmoreland, as the parent of WSJ, has the ability to direct the SJCC mining operations, which is the factor that most significantly impacts the economic performance of WSJ and SJCC.&amp;#160; NM Capital&amp;#8217;s rights under the Westmoreland Loan are the typical protective rights of a lender, but do not give NM Capital any oversight over mining operations unless there is a default under the loan agreement.  Other than PNM being able to ensure that coal is supplied in adequate quantities and of sufficient quality to provide the fuel necessary to operate SJGS in a normal manner, the mining operations are solely under the control of Westmoreland and its subsidiaries, including developing mining plans, hiring of personnel, and incurring operating and maintenance expenses.  Neither PNMR nor PNM has any ability to direct or influence the mining operation.&amp;#160; Therefore, PNM&amp;#8217;s involvement through the CSA is a protective right rather than a participating right and Westmoreland has the power to direct the activities that most significantly impact the economic performance of SJCC. &amp;#160;The CSA requires SJCC to deliver coal required to fuel SJGS in exchange for payment of a set price per ton, which is escalated over time for inflation.&amp;#160; If SJCC is able to mine more efficiently than anticipated, its economic performance will be improved.&amp;#160; Conversely, if SJCC cannot mine as efficiently as anticipated, its economic performance will be negatively impacted.&amp;#160; Accordingly, PNMR believes Westmoreland is the primary beneficiary of WSJ and, therefore, WSJ and SJCC are not consolidated by either PNMR or PNM.  The amounts outstanding under the Westmoreland Loan and the letter of credit support constitute PNMR&amp;#8217;s maximum exposure to loss from the VIEs.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:VariableInterestEntityDisclosureTextBlock>
	<link:footnoteLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
	</link:footnoteLink>
</xbrli:xbrl>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>16
<FILENAME>pnm-20170930.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<xsd:schema attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.pnmresources.com/20170930" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:pnm="http://www.pnmresources.com/20170930" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <xsd:import namespace="http://fasb.org/us-gaap/2017-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-roles/2017-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2017/elts/us-roles-2017-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-types/2017-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2017/elts/us-types-2017-01-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/country/2017-01-31" schemaLocation="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/currency/2017-01-31" schemaLocation="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2014-01-31" schemaLocation="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/exch/2017-01-31" schemaLocation="http://xbrl.sec.gov/exch/2017/exch-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/stpr/2011-01-31" schemaLocation="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pnm-20170930_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pnm-20170930_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pnm-20170930_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pnm-20170930_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple" />
      <link:roleType id="AccumulatedOtherComprehensiveIncomeLoss" roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss">
        <link:definition>2104100 - Disclosure - Accumulated Other Comprehensive Income (Loss)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AccumulatedOtherComprehensiveIncomeLossDetails" roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails">
        <link:definition>2404402 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AccumulatedOtherComprehensiveIncomeLossTables" roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables">
        <link:definition>2304301 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsAndContingencies" roleURI="http://www.pnmresources.com/role/CommitmentsAndContingencies">
        <link:definition>2112100 - Disclosure - Commitments and Contingencies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsAndContingenciesCleanAirActDetails" roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails">
        <link:definition>2412402 - Disclosure - Commitments and Contingencies - The Clean Air Act (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsAndContingenciesCoalSupplyDetails" roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails">
        <link:definition>2412403 - Disclosure - Commitments and Contingencies - Coal Supply (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails">
        <link:definition>2412401 - Disclosure - Commitments and Contingencies - Nuclear Spent Fuel and Waste Disposal (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails">
        <link:definition>2412404 - Disclosure - Commitments and Contingencies - Royalty Rates, Tax Assessment, Insurance and Other Matters (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedBalanceSheets" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets">
        <link:definition>1004000 - Statement - Condensed Consolidated Balance Sheets</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedBalanceSheetsParenthetical" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical">
        <link:definition>1004501 - Statement - Condensed Consolidated Balance Sheets (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedStatementOfChangesInEquity" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity">
        <link:definition>1005000 - Statement - Condensed Consolidated Statement of Changes in Equity</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedStatementsOfCashFlows" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows">
        <link:definition>1003000 - Statement - Condensed Consolidated Statements of Cash Flows</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedStatementsOfComprehensiveIncome" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome">
        <link:definition>1002000 - Statement - Condensed Consolidated Statements of Comprehensive Income</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical">
        <link:definition>1002001 - Statement - Condensed Consolidated Statements of Comprehensive Income (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CondensedConsolidatedStatementsOfEarnings" roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings">
        <link:definition>1001000 - Statement - Condensed Consolidated Statements of Earnings</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DocumentAndEntityInformation" roleURI="http://www.pnmresources.com/role/DocumentAndEntityInformation">
        <link:definition>0001000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShare" roleURI="http://www.pnmresources.com/role/EarningsPerShare">
        <link:definition>2102100 - Disclosure - Earnings Per Share</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShareDetails" roleURI="http://www.pnmresources.com/role/EarningsPerShareDetails">
        <link:definition>2402402 - Disclosure - Earnings Per Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShareTables" roleURI="http://www.pnmresources.com/role/EarningsPerShareTables">
        <link:definition>2302301 - Disclosure - Earnings Per Share (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstruments" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments">
        <link:definition>2107100 - Disclosure - Fair Value of Derivative and Other Financial Instruments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails">
        <link:definition>2407406 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Available for Sale Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails">
        <link:definition>2407408 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Items Recorded and Presented by Level of Hierarchy (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails">
        <link:definition>2407404 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Margin, Notional Amounts and Credit Rating (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails">
        <link:definition>2407407 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Maturities of Debt Securities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails">
        <link:definition>2407402 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Overview and Commodity Derivatives (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails">
        <link:definition>2407405 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Sale of Power (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails">
        <link:definition>2407403 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Statement of Earnings Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueOfDerivativeAndOtherFinancialInstrumentsTables" roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables">
        <link:definition>2307301 - Disclosure - Fair Value of Derivative and Other Financial Instruments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Financing" roleURI="http://www.pnmresources.com/role/Financing">
        <link:definition>2109100 - Disclosure - Financing</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FinancingFinancingActivitiesDetails" roleURI="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails">
        <link:definition>2409402 - Disclosure - Financing - Financing Activities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FinancingShortTermDebtAndLiquidityDetails" roleURI="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails">
        <link:definition>2409403 - Disclosure - Financing - Short-term Debt and Liquidity (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FinancingTables" roleURI="http://www.pnmresources.com/role/FinancingTables">
        <link:definition>2309301 - Disclosure - Financing (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="Goodwill" roleURI="http://www.pnmresources.com/role/Goodwill">
        <link:definition>2121100 - Disclosure - Goodwill</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="GoodwillDetails" roleURI="http://www.pnmresources.com/role/GoodwillDetails">
        <link:definition>2421401 - Disclosure - Goodwill (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxes" roleURI="http://www.pnmresources.com/role/IncomeTaxes">
        <link:definition>2119100 - Disclosure - Income Taxes</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="IncomeTaxesDetails" roleURI="http://www.pnmresources.com/role/IncomeTaxesDetails">
        <link:definition>2419401 - Disclosure - Income Taxes (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LeaseCommitments" roleURI="http://www.pnmresources.com/role/LeaseCommitments">
        <link:definition>2106100 - Disclosure - Lease Commitments</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LeaseCommitmentsDetails" roleURI="http://www.pnmresources.com/role/LeaseCommitmentsDetails">
        <link:definition>2406401 - Disclosure - Lease Commitments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PensionAndOtherPostretirementBenefitPlans" roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans">
        <link:definition>2110100 - Disclosure - Pension and Other Postretirement Benefit Plans</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PensionAndOtherPostretirementBenefitPlansDetails" roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails">
        <link:definition>2410402 - Disclosure - Pension and Other Postretirement Benefit Plans (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PensionAndOtherPostretirementBenefitPlansTables" roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables">
        <link:definition>2310301 - Disclosure - Pension and Other Postretirement Benefit Plans (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RegulatoryAndRateMatters" roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMatters">
        <link:definition>2118100 - Disclosure - Regulatory and Rate Matters</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RegulatoryAndRateMattersPnmDetails" roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails">
        <link:definition>2418402 - Disclosure - Regulatory and Rate Matters - PNM (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RegulatoryAndRateMattersTables" roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables">
        <link:definition>2318301 - Disclosure - Regulatory and Rate Matters (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RegulatoryAndRateMattersTnmpNarrativeDetails" roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails">
        <link:definition>2418403 - Disclosure - Regulatory and Rate Matters - TNMP Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails">
        <link:definition>2418404 - Disclosure - Regulatory and Rate Matters - Transmission Cost of Service Rates (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RelatedPartyTransactions" roleURI="http://www.pnmresources.com/role/RelatedPartyTransactions">
        <link:definition>2120100 - Disclosure - Related Party Transactions</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RelatedPartyTransactionsDetails" roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails">
        <link:definition>2420402 - Disclosure - Related Party Transactions (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RelatedPartyTransactionsTables" roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsTables">
        <link:definition>2320301 - Disclosure - Related Party Transactions (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformation" roleURI="http://www.pnmresources.com/role/SegmentInformation">
        <link:definition>2103100 - Disclosure - Segment Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationSummarizedFinancialInformationDetails" roleURI="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails">
        <link:definition>2403402 - Disclosure - Segment Information - Summarized Financial Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SegmentInformationTables" roleURI="http://www.pnmresources.com/role/SegmentInformationTables">
        <link:definition>2303301 - Disclosure - Segment Information (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements">
        <link:definition>2101100 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails">
        <link:definition>2401402 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies">
        <link:definition>2201201 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensation" roleURI="http://www.pnmresources.com/role/StockBasedCompensation">
        <link:definition>2108100 - Disclosure - Stock-Based Compensation</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensationDetails" roleURI="http://www.pnmresources.com/role/StockBasedCompensationDetails">
        <link:definition>2408402 - Disclosure - Stock-Based Compensation (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensationTables" roleURI="http://www.pnmresources.com/role/StockBasedCompensationTables">
        <link:definition>2308301 - Disclosure - Stock-Based Compensation (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="VariableInterestEntities" roleURI="http://www.pnmresources.com/role/VariableInterestEntities">
        <link:definition>2105100 - Disclosure - Variable Interest Entities</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="VariableInterestEntitiesDetails" roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetails">
        <link:definition>2405402 - Disclosure - Variable Interest Entities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="VariableInterestEntitiesDetailsCalc2" roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetailsCalc2">
        <link:definition>2405402 - Disclosure - Variable Interest Entities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="VariableInterestEntitiesTables" roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesTables">
        <link:definition>2305301 - Disclosure - Variable Interest Entities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:element abstract="true" id="pnm_A2014ElectricRateCaseMember" name="A2014ElectricRateCaseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_A2015ElectricRateCaseMember" name="A2015ElectricRateCaseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_A2017EnergyEfficiencyandLoadManagementProgramMember" name="A2017EnergyEfficiencyandLoadManagementProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_AccruedInterestAndTaxesPayable" name="AccruedInterestAndTaxesPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_AccumulatedAmortizationNuclearFuel" name="AccumulatedAmortizationNuclearFuel" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_AccumulatedOtherComprehensiveIncomeLossRollForward" name="AccumulatedOtherComprehensiveIncomeLossRollForward" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis" name="AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" name="AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_Achievedperformancetargetfor20152016and2017Member" name="Achievedperformancetargetfor20152016and2017Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_Achievedperformancetargetfor2015and2016Member" name="Achievedperformancetargetfor2015and2016Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievedspecifiedperformancetargettimeframeAxis" name="AchievedspecifiedperformancetargettimeframeAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievedspecifiedperformancetargettimeframeDomain" name="AchievedspecifiedperformancetargettimeframeDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember" name="AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember" name="AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember" name="AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember" name="Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember" name="Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_AdditionalTaxDuePlusPenaltiesandInterest" name="AdditionalTaxDuePlusPenaltiesandInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" name="AdvancedMeterSystemDeploymentAndSurchargeRequestMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AdvancedmeteringinfrastructureMember" name="AdvancedmeteringinfrastructureMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_AlvaradosquareMember" name="AlvaradosquareMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" name="AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" name="AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" name="AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal" name="AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_BTMUTermLoanAgreementMember" name="BTMUTermLoanAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Cashusedtosupportbankletterorcreditarrangement" name="Cashusedtosupportbankletterorcreditarrangement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" name="ChairmanPresidentAndChiefExecutiveOfficerMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_ClassificationOfMineAxis" name="ClassificationOfMineAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_ClassificationOfMineDomain" name="ClassificationOfMineDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActBalancedDraftTechnologyMember" name="CleanAirActBalancedDraftTechnologyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember" name="CleanAirActPost2022CoalSupplyfutureratecaseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActRelatedToPostCombustionControlsMember" name="CleanAirActRelatedToPostCombustionControlsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActRelatedToRegionalHazeMember" name="CleanAirActRelatedToRegionalHazeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember" name="CleanAirActSNCRHearingExaminerRecommendedDenialMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanAirActSncrMember" name="CleanAirActSncrMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CleanPowerPlanMember" name="CleanPowerPlanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_CoalMineReclamationBondstobepostedwithNMMMD" name="CoalMineReclamationBondstobepostedwithNMMMD" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_CoalSupplyMember" name="CoalSupplyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_CoalfiredgenerationinMegawatts" name="CoalfiredgenerationinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_CollaborativeArrangementOwnerObligationsDefaultAmount" name="CollaborativeArrangementOwnerObligationsDefaultAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_CommercialProvidersMember" name="CommercialProvidersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" name="CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" name="CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_CompanyCommonStockholdersEquity" name="CompanyCommonStockholdersEquity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_ContinuousHighwallMiningMember" name="ContinuousHighwallMiningMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" name="CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare" name="CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized" name="CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued" name="CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding" name="CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice" name="Currentnumberofcustomersthathaveelectednonstandardmeterservice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_DateOfRegulatoryActionAxis" name="DateOfRegulatoryActionAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DateOfRegulatoryActionDomain" name="DateOfRegulatoryActionDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_DebtInstrumentCovenantDebttoCapitalRatio" name="DebtInstrumentCovenantDebttoCapitalRatio" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" name="DebtInstrumentExtensionOptionOnTermNumberOfYears" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_DebtInstrumentsNMPRCApprovedcreditfacility" name="DebtInstrumentsNMPRCApprovedcreditfacility" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_DebtIstrumentNumberOfExtensionOptions" name="DebtIstrumentNumberOfExtensionOptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DebtMaturitiesLineItems" name="DebtMaturitiesLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DebtMaturitiesTable" name="DebtMaturitiesTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive" name="DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear" name="DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_DisincentivesIncentivesAdderMember" name="DisincentivesIncentivesAdderMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DistributedGenerationMember" name="DistributedGenerationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DiversificationByTypeAxis" name="DiversificationByTypeAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DiversificationByTypeDomain" name="DiversificationByTypeDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DomesticGrowthMember" name="DomesticGrowthMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_DomesticValueMember" name="DomesticValueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount" name="EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember" name="EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember" name="EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Estimatedannualpropertytaxexpense" name="Estimatedannualpropertytaxexpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_Estimatedannualrentexpense" name="Estimatedannualrentexpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" name="ExecutiveVicePresidentandChiefFinancialOfficerMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" name="FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_FinalReclamationCappedAmountToBeCollected" name="FinalReclamationCappedAmountToBeCollected" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FinancialStatementLocationAxis" name="FinancialStatementLocationAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FinancialStatementLocationDomain" name="FinancialStatementLocationDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" name="FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FirstChoiceMember" name="FirstChoiceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FirstMortgageBondMember" name="FirstMortgageBondMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember" name="FirstMortgageBondsDue2019Series2009Aat9point50percentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FourCornersMember" name="FourCornersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FourCornersUnits12and3CoalMember" name="FourCornersUnits12and3CoalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FourCornersUnits4And5CoalMember" name="FourCornersUnits4And5CoalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_FuelAndPurchasedPowerAdjustmentClauseMember" name="FuelAndPurchasedPowerAdjustmentClauseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_FutureTestYearPeriod" name="FutureTestYearPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease" name="FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_GasfiredgenerationfacilityAxis" name="GasfiredgenerationfacilityAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_GasfiredgenerationfacilityDomain" name="GasfiredgenerationfacilityDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_GrossMargin" name="GrossMargin" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract" name="IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" name="IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_IncomeTaxSharingPaymentsMember" name="IncomeTaxSharingPaymentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" name="IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseInAccruedInterestAndTaxes" name="IncreaseDecreaseInAccruedInterestAndTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange" name="IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid" name="IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges" name="IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities" name="IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate" name="IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_IncreaseincoalminedecommissioningliabilityMember" name="IncreaseincoalminedecommissioningliabilityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_IndustryWideRetrospectiveAssessmentProgramMember" name="IndustryWideRetrospectiveAssessmentProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_InstallationCapitalCosts" name="InstallationCapitalCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" name="InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InsuranceCarrierAxis" name="InsuranceCarrierAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InsuranceCarrierDomain" name="InsuranceCarrierDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_IntegratedResourcePlan2011Member" name="IntegratedResourcePlan2011Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestChargesMember" name="InterestChargesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction" name="InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestRateContractOneMember" name="InterestRateContractOneMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestRateContractThreeMember" name="InterestRateContractThreeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestRateContractTwoMember" name="InterestRateContractTwoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestRateContractsContractOneandContractTwoMember" name="InterestRateContractsContractOneandContractTwoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_InterestRateof3.22Due2027Member" name="InterestRateof3.22Due2027Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember" name="JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_JointlyOwnedGeneratingFacilitiesAxis" name="JointlyOwnedGeneratingFacilitiesAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_JointlyOwnedGeneratingFacilitiesDomain" name="JointlyOwnedGeneratingFacilitiesDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LeasedCapacitytobePurchased" name="LeasedCapacitytobePurchased" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Leasetermextensionperiod" name="Leasetermextensionperiod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_Letterorcredit30milJPMorganMember" name="Letterorcredit30milJPMorganMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_LightningDockGeothermalMember" name="LightningDockGeothermalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LoanReceivableScheduledinterestpaymentproceeds" name="LoanReceivableScheduledinterestpaymentproceeds" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_LoanReceivableScheduledprincipalpaymentproceeds" name="LoanReceivableScheduledprincipalpaymentproceeds" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_LocalLinesOfCreditMember" name="LocalLinesOfCreditMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts" name="LongTermContractForPurchaseOfElectricPowerFixedCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges" name="LongTermContractForPurchaseOfElectricPowerVariableCharges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_Longtermcontractoptiontopurchaseownershippercentage" name="Longtermcontractoptiontopurchaseownershippercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV" name="LongtermcontractoptiontopurchasepurchasepricepercentageofFMV" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV" name="LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause" name="LossContingencyNoticeofProposedDismissalPeriodtoShowCause" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired" name="LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_MarketBasedSharesMember" name="MarketBasedSharesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_MineReclamationTrustMember" name="MineReclamationTrustMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_MultinationalMember" name="MultinationalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NMCapitalMember" name="NMCapitalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NMPRCMember" name="NMPRCMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" name="NationalAmbientAirQualityStandards2015EPALegalSettlementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NationalAmbientAirQualityStandardsMember" name="NationalAmbientAirQualityStandardsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" name="NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NavajoNationAllotteeMattersMember" name="NavajoNationAllotteeMattersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_NetBookValue" name="NetBookValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_NetbookvalueCapitalimprovements" name="NetbookvalueCapitalimprovements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_NewMexicoCorporatetaxrate2014" name="NewMexicoCorporatetaxrate2014" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_NewMexicoCorporatetaxrateeffectiveby2018" name="NewMexicoCorporatetaxrateeffectiveby2018" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_NewMexicoWindMember" name="NewMexicoWindMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NuclearDecommissioningTrustMember" name="NuclearDecommissioningTrustMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_NuclearSpentFuelAndWasteDisposalMember" name="NuclearSpentFuelAndWasteDisposalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_NumberOfMegaWattsPurchased" name="NumberOfMegaWattsPurchased" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_NumberofUnits" name="NumberofUnits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Numberofallotmentparcelsappraisalrequestedforreview" name="Numberofallotmentparcelsappraisalrequestedforreview" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofallotmentparcelsatissue" name="Numberofallotmentparcelsatissue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_NumberofallotmentparcelsatissueNottobecondemned" name="NumberofallotmentparcelsatissueNottobecondemned" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents" name="Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofclaimsforrelieffiled" name="Numberofclaimsforrelieffiled" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_NumberoflandownersclaimingtobeNavajoallottees" name="NumberoflandownersclaimingtobeNavajoallottees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofleasesexpiring" name="Numberofleasesexpiring" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofminesimpacted" name="Numberofminesimpacted" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofstatesimpacted" name="Numberofstatesimpacted" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan" name="NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_Numberofwellswithelevatedlevelsofnitrates" name="Numberofwellswithelevatedlevelsofnitrates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts" name="OtherDeferredCostsNetIncludingDeferredFinanceCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_OtherDeferredCreditsMember" name="OtherDeferredCreditsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_OtherIncomeDeductionsExcludingInterest" name="OtherIncomeDeductionsExcludingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_OtherInvestmentsFairValueDisclosure" name="OtherInvestmentsFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_OtherOperatingExpenses" name="OtherOperatingExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_OtherPropertyAndInvestmentsAbstract" name="OtherPropertyAndInvestmentsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNM2016TermLoanAgreementMember" name="PNM2016TermLoanAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNM2017TermLoanAgreementMember" name="PNM2017TermLoanAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMR2015TermLoanAgreementMember" name="PNMR2015TermLoanAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMR2016OneYearTermLoanMember" name="PNMR2016OneYearTermLoanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMR2016TwoYearTermLoanMember" name="PNMR2016TwoYearTermLoanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMRDevelopmentMember" name="PNMRDevelopmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMRRevolvingCreditFacilityMember" name="PNMRRevolvingCreditFacilityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMRevolvingCreditFacilityMember" name="PNMRevolvingCreditFacilityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PNMSegmentMember" name="PNMSegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PUCTMember" name="PUCTMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationMember" name="PaloVerdeNuclearGeneratingStationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" name="PaloVerdeNuclearGeneratingStationUnit1LeasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" name="PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" name="PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" name="PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" name="PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" name="PaloVerdeNuclearGeneratingStationUnit2LeasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PaloVerdeNuclearGeneratingStationUnit3Member" name="PaloVerdeNuclearGeneratingStationUnit3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" name="Paymentstofundlongtermloanstounaffiliatedthirdparty" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_Percentageofownershipheldbyexitingowners" name="Percentageofownershipheldbyexitingowners" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_PerformanceEquityPlanMember" name="PerformanceEquityPlanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Performanceperiod" name="Performanceperiod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets" name="Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed" name="Periodoftimeforwhichcapitalimprovementsweredisallowed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Periodoftimefromstatedesignationtoprovideimplementationplans" name="Periodoftimefromstatedesignationtoprovideimplementationplans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Periodoftimetoactonsettlement" name="Periodoftimetoactonsettlement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmToPnmrMember" name="PnmToPnmrMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmToTnmpMember" name="PnmToTnmpMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmrAndPnmMember" name="PnmrAndPnmMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmrMember" name="PnmrMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmrToPnmMember" name="PnmrToPnmMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PnmrToTnmpMember" name="PnmrToTnmpMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PollutionControlRevenueBondsMember" name="PollutionControlRevenueBondsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PollutionControlRevenueBondsdueJune12040Member" name="PollutionControlRevenueBondsdueJune12040Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PollutionControlRevenueBondsdueJune12042Member" name="PollutionControlRevenueBondsdueJune12042Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PreferredStockDividendRequirementsOfSubsidiary" name="PreferredStockDividendRequirementsOfSubsidiary" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_Prepaymentpenalty" name="Prepaymentpenalty" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice" name="Presumednumberofcustomersthatwillelectnonstandardmeterservice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_ProceedsFromTransmissionInterconnectionArrangements" name="ProceedsFromTransmissionInterconnectionArrangements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount" name="PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicServiceCompanyOfNewMexicoMember" name="PublicServiceCompanyOfNewMexicoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilities1hourSO2EmissionsRate" name="PublicUtilities1hourSO2EmissionsRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance" name="PublicUtilitiesAccumulatedplantwriteoffdisallowance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts" name="PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance" name="PublicUtilitiesAggregateAmountOfAllRiskInsurance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident" name="PublicUtilitiesAnnualPaymentLimitationRelatedToIncident" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate" name="PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate" name="PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits" name="PublicUtilitiesAnnualcostofRenewableEnergyCredits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesAnticipatedfutureprofitincentive" name="PublicUtilitiesAnticipatedfutureprofitincentive" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesApprovedDeploymentCosts" name="PublicUtilitiesApprovedDeploymentCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge" name="PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange" name="PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesApprovedleaseacquisitioncosts" name="PublicUtilitiesApprovedleaseacquisitioncosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology" name="PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts" name="PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount" name="PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementContractTerm" name="PublicUtilitiesCollaborativeArrangementContractTerm" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount" name="PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount" name="PublicUtilitiesCollaborativeArrangementHoursSoldAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts" name="PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased" name="PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold" name="PublicUtilitiesCollaborativeArrangementNumberofHoursSold" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod" name="PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" name="PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" name="PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" name="PublicUtilitiesCommitmentsAndContingenciesLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesCommitmentsAndContingenciesTable" name="PublicUtilitiesCommitmentsAndContingenciesTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount" name="PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization" name="PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" name="PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk" name="PublicUtilitiesConcentrationRiskPotentialMarketRisk" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003" name="PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesCurrentownershipinterestinMegawatts" name="PublicUtilitiesCurrentownershipinterestinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesDisallowedleaseholdimprovements" name="PublicUtilitiesDisallowedleaseholdimprovements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEmissionsTonsofSO2peryear" name="PublicUtilitiesEmissionsTonsofSO2peryear" nillable="true" substitutionGroup="xbrli:item" type="num:massItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested" name="PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested" name="PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh" name="PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms" name="PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum" name="PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive" name="PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings" name="PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedFutureInvestment" name="PublicUtilitiesEstimatedFutureInvestment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage" name="PublicUtilitiesEstimatedIncreaseinCoalCostPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" name="PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedcoststoberecovered" name="PublicUtilitiesEstimatedcoststoberecovered" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedcoststoremainunrecovered" name="PublicUtilitiesEstimatedcoststoremainunrecovered" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision" name="PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedratebasevalueat112018" name="PublicUtilitiesEstimatedratebasevalueat112018" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117" name="PublicUtilitiesEstimatedundepreciatedvalueat123117" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts" name="PublicUtilitiesExpectedaveragemonthlyusageinmegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesFrequencyofIRPfilings" name="PublicUtilitiesFrequencyofIRPfilings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesGovernmentStandardEmissionLimit" name="PublicUtilitiesGovernmentStandardEmissionLimit" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts" name="PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts" name="PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers" name="PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount" name="PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage" name="PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue" name="PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod" name="PublicUtilitiesIntegratedResourcePlanActionPlanPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings" name="PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesLiabilityInsuranceCoverage" name="PublicUtilitiesLiabilityInsuranceCoverage" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit" name="PublicUtilitiesLiabilityInsuranceCoverageSublimit" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval" name="PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited" name="PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident" name="PublicUtilitiesMaximumPotentialAssessmentPerIncident" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" name="PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesNetCarryingValueofUtilityPlant" name="PublicUtilitiesNetCarryingValueofUtilityPlant" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts" name="PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers" name="PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers" name="PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberOfComplianceAlternatives" name="PublicUtilitiesNumberOfComplianceAlternatives" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity" name="PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze" name="PublicUtilitiesNumberOfStatesToAddressRegionalHaze" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofAdditionalSignatories" name="PublicUtilitiesNumberofAdditionalSignatories" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput" name="PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity" name="PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020" name="PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" name="PublicUtilitiesNumberofMegawattsNuclearGeneration" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofRequestedRates" name="PublicUtilitiesNumberofRequestedRates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofadvancedmetersinstalled" name="PublicUtilitiesNumberofadvancedmetersinstalled" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofannualinstallmentpayments" name="PublicUtilitiesNumberofannualinstallmentpayments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" name="PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" name="PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesNumberofotherowner" name="PublicUtilitiesNumberofotherowner" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesOwnershipPercentage" name="PublicUtilitiesOwnershipPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor" name="PublicUtilitiesOwnershipPercentageInNuclearReactor" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" name="PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase" name="PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp" name="PublicUtilitiesPlanningPeriodCoveredOfIrp" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit" name="PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage" name="PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts" name="PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum" name="PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum" nillable="true" substitutionGroup="xbrli:item" type="num:massItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier" name="PublicUtilitiesProfitincentiveslidingscalemultiplier" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency" name="PublicUtilitiesProgramCostsRelatedToEnergyEfficiency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" name="PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit" name="PublicUtilitiesProposedGovernmentStandardEmissionLimit" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue" name="PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate" name="PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" name="PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesProvideWaterforPeriodofTime" name="PublicUtilitiesProvideWaterforPeriodofTime" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesProvideWatertoNumberofCities" name="PublicUtilitiesProvideWatertoNumberofCities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesReasonableCostThreshold" name="PublicUtilitiesReasonableCostThreshold" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117" name="PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements" name="PublicUtilitiesRegulatoryDisallowancecapitalimprovements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts" name="PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount" name="PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1" name="PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2" name="PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2" nillable="true" substitutionGroup="xbrli:item" type="num:energyItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts" name="PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery" name="PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount" name="PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRequiredPercentageOfDiversification" name="PublicUtilitiesRequiredPercentageOfDiversification" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales" name="PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance" name="PublicUtilitiesReturnonEquityRegulatoryDisallowance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract" name="PublicUtilitiesRevenueForPowerSoldUnderSpecificContract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesRevenueStreamAxis" name="PublicUtilitiesRevenueStreamAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PublicUtilitiesRevenueStreamDomain" name="PublicUtilitiesRevenueStreamDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRevenuefromRenewableenergyrider" name="PublicUtilitiesRevenuefromRenewableenergyrider" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon" name="PublicUtilitiesRevisedSO2EmissionsAgreedUpon" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations" name="PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesSolargenerationcapacityinMegawatts" name="PublicUtilitiesSolargenerationcapacityinMegawatts" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction" name="PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction" nillable="true" substitutionGroup="xbrli:item" type="num:powerItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV" name="PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund" name="PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_PurchasePriceofLeasedAssetPaid" name="PurchasePriceofLeasedAssetPaid" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_PurchasedThroughMay302028Member" name="PurchasedThroughMay302028Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_RatioOfDebtToCapitalMaximum" name="RatioOfDebtToCapitalMaximum" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ReclamationTrustFundingCurrentfiscalyear" name="ReclamationTrustFundingCurrentfiscalyear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_ReclamationTrustFundingYear2" name="ReclamationTrustFundingYear2" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_ReclamationTrustFundingYear3" name="ReclamationTrustFundingYear3" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_ReevesstationMember" name="ReevesstationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RefinedCoalMember" name="RefinedCoalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_RegulatoryAndRateMattersTextBlock" name="RegulatoryAndRateMattersTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_RegulatoryDisallowance" name="RegulatoryDisallowance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_RegulatoryDisallowanceAdditionalamountrecorded" name="RegulatoryDisallowanceAdditionalamountrecorded" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RegulatoryRateMattersDomain" name="RegulatoryRateMattersDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RelatedPartyTransactionByTransactionTypeAxis" name="RelatedPartyTransactionByTransactionTypeAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RelatedPartyTransactionByTransactionTypeDomain" name="RelatedPartyTransactionByTransactionTypeDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RenewableEnergyRiderMember" name="RenewableEnergyRiderMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RenewablePortfolioStandard2014Member" name="RenewablePortfolioStandard2014Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RenewablePortfolioStandardMember" name="RenewablePortfolioStandardMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RenewablePortfolioStandardSupplementalProcurementMember" name="RenewablePortfolioStandardSupplementalProcurementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RenewableTechnologiesMember" name="RenewableTechnologiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_RepaymentsFromTransmissionInterconnectionArrangement" name="RepaymentsFromTransmissionInterconnectionArrangement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RequiredPercentageBy2011Member" name="RequiredPercentageBy2011Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RequiredPercentageBy2015Member" name="RequiredPercentageBy2015Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_RequiredPercentageBy2020Member" name="RequiredPercentageBy2020Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_Requirementstobeimplemented" name="Requirementstobeimplemented" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_RestrictedStockAndPerformanceSharesMember" name="RestrictedStockAndPerformanceSharesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses" name="ResultsOfOperationsVariableInterestEntityOperatingExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues" name="ResultsOfOperationsVariableInterestEntityOperatingRevenues" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="pnm_ReturnOfPrincipalOnPvngsLessorNotes" name="ReturnOfPrincipalOnPvngsLessorNotes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_RevisedAnnualFeeNuclearWasteDisposal" name="RevisedAnnualFeeNuclearWasteDisposal" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanCoalCompanyWestmorelandMember" name="SanJuanCoalCompanyWestmorelandMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationAndFourCornersMember" name="SanJuanGeneratingStationAndFourCornersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationMember" name="SanJuanGeneratingStationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationUnit3Member" name="SanJuanGeneratingStationUnit3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationUnit4Member" name="SanJuanGeneratingStationUnit4Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationUnits1And4Member" name="SanJuanGeneratingStationUnits1And4Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SanJuanGeneratingStationUnits2And3Member" name="SanJuanGeneratingStationUnits2And3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SantaFegeneratingstationMember" name="SantaFegeneratingstationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_ScheduleOfRegulatoryRateMattersAxis" name="ScheduleOfRegulatoryRateMattersAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock" name="ScheduleofEnergyCapacityTransactionsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock" name="ScheduleofRateIncreasesforTransmissionCostsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" name="SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNotesDue2018at7point50percentMember" name="SeniorUnsecuredNotesDue2018at7point50percentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNotesDue2018at7point95percentMember" name="SeniorUnsecuredNotesDue2018at7point95percentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SeniorUnsecuredNotesMember" name="SeniorUnsecuredNotesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_ServiceBillingsMember" name="ServiceBillingsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber" name="SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber" name="SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets" name="SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets" name="SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock" name="SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="pnm_ShortTermDebtDueToRelatedParty" name="ShortTermDebtDueToRelatedParty" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_SolarEnergyMember" name="SolarEnergyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_SurfaceMember" name="SurfaceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TNMPtoPNMMember" name="TNMPtoPNMMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TexasNewMexicoPowerCompanyMember" name="TexasNewMexicoPowerCompanyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TnmpToPnmrMember" name="TnmpToPnmrMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_TotalDeferredChargesAndOtherAssets" name="TotalDeferredChargesAndOtherAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_TotalOtherPropertyAndInvestments" name="TotalOtherPropertyAndInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="pnm_TransmissionAndDistributionCosts" name="TransmissionAndDistributionCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TransmissionCostOfServiceRatesMember" name="TransmissionCostOfServiceRatesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="pnm_TransmissionInterconnectionArrangementLiabilities" name="TransmissionInterconnectionArrangementLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="pnm_TriStateMember" name="TriStateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TypeOfRegulatoryCostAxis" name="TypeOfRegulatoryCostAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_TypeOfRegulatoryCostDomain" name="TypeOfRegulatoryCostDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_UnaffiliatedthirdpartyMember" name="UnaffiliatedthirdpartyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_UndergroundMember" name="UndergroundMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_VariableInterestEntitiesAbstract" name="VariableInterestEntitiesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_VariableInterestEntityStatementOfOperationAbstract" name="VariableInterestEntityStatementOfOperationAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_VariableRateShortTermDebtMember" name="VariableRateShortTermDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_WEGvOSMLawsuitMember" name="WEGvOSMLawsuitMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="pnm_WindEnergyMember" name="WindEnergyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>17
<FILENAME>pnm-20170930_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLoss" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:href="pnm-20170930.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCleanAirActDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheets" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementOfChangesInEquity" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfEarnings" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:href="pnm-20170930.xsd#DocumentAndEntityInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShare" xlink:href="pnm-20170930.xsd#EarningsPerShare" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:href="pnm-20170930.xsd#EarningsPerShareDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:href="pnm-20170930.xsd#EarningsPerShareTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Financing" xlink:href="pnm-20170930.xsd#Financing" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:href="pnm-20170930.xsd#FinancingFinancingActivitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:href="pnm-20170930.xsd#FinancingShortTermDebtAndLiquidityDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingTables" xlink:href="pnm-20170930.xsd#FinancingTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Goodwill" xlink:href="pnm-20170930.xsd#Goodwill" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/GoodwillDetails" xlink:href="pnm-20170930.xsd#GoodwillDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxes" xlink:href="pnm-20170930.xsd#IncomeTaxes" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:href="pnm-20170930.xsd#IncomeTaxesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitments" xlink:href="pnm-20170930.xsd#LeaseCommitments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:href="pnm-20170930.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlans" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMatters" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersPnmDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:href="pnm-20170930.xsd#RelatedPartyTransactions" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformation" xlink:href="pnm-20170930.xsd#SegmentInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:href="pnm-20170930.xsd#SegmentInformationSummarizedFinancialInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationTables" xlink:href="pnm-20170930.xsd#SegmentInformationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensation" xlink:href="pnm-20170930.xsd#StockBasedCompensation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:href="pnm-20170930.xsd#StockBasedCompensationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:href="pnm-20170930.xsd#StockBasedCompensationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntities" xlink:href="pnm-20170930.xsd#VariableInterestEntities" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetailsCalc2" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesDetailsCalc2" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesTables" xlink:type="simple" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_7ca9750b-5cc8-aa85-3585-a06b9895ebbb" xlink:type="locator" />
    <link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_7ca9750b-5cc8-aa85-3585-a06b9895ebbb" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" xlink:label="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_cd39acc6-68e5-890d-5fb6-894f345e8929" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_cd39acc6-68e5-890d-5fb6-894f345e8929" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_b674c110-7812-0dc8-8cc2-4f91aba944fc" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_b674c110-7812-0dc8-8cc2-4f91aba944fc" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_fd5fd01d-ccd5-2fe2-e9ee-a9a84a842378" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossTax_fd5fd01d-ccd5-2fe2-e9ee-a9a84a842378" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00443492-92dd-7fc1-13b6-792f3e163e73" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00443492-92dd-7fc1-13b6-792f3e163e73" xlink:to="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_c3f7606a-e7e9-61d5-b60b-b4b059f68b26" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:to="loc_us-gaap_CommonStockValue_c3f7606a-e7e9-61d5-b60b-b4b059f68b26" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_04f0961a-a0bc-88cf-6658-3f950da4a458" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_04f0961a-a0bc-88cf-6658-3f950da4a458" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_065cb284-7fca-cc9b-5752-2feaf74d0011" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_065cb284-7fca-cc9b-5752-2feaf74d0011" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_2d1b9d27-8b19-82d9-2843-5b3d292b7fbb" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:to="loc_us-gaap_AdditionalPaidInCapital_2d1b9d27-8b19-82d9-2843-5b3d292b7fbb" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_cb565c4d-35c2-d825-4672-f1619e51c133" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00443492-92dd-7fc1-13b6-792f3e163e73" xlink:to="loc_us-gaap_MinorityInterest_cb565c4d-35c2-d825-4672-f1619e51c133" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:to="loc_us-gaap_StockholdersEquity_4b158f76-5f04-5e4d-ead3-d80e1f9943db" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_d8bb821f-d155-9d4e-1738-736b4bf4cb19" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:to="loc_us-gaap_Liabilities_d8bb821f-d155-9d4e-1738-736b4bf4cb19" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_d8bb821f-d155-9d4e-1738-736b4bf4cb19" xlink:to="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_7a72b51a-735c-1ad4-bd3f-d9bcf2d6a26d" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_AccountsPayableCurrent_7a72b51a-735c-1ad4-bd3f-d9bcf2d6a26d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_8146ce3b-5219-e322-03f4-6640ac9d1ea8" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_8146ce3b-5219-e322-03f4-6640ac9d1ea8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccruedInterestAndTaxesPayable" xlink:label="loc_pnm_AccruedInterestAndTaxesPayable_969b14a5-d80e-ad3c-ece9-894f3454b699" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_pnm_AccruedInterestAndTaxesPayable_969b14a5-d80e-ad3c-ece9-894f3454b699" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_b4e6cca3-6c62-3e0a-6782-510b974f1199" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_b4e6cca3-6c62-3e0a-6782-510b974f1199" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_c4493b41-4418-ed41-2f06-05ff9c61369f" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_ShortTermBorrowings_c4493b41-4418-ed41-2f06-05ff9c61369f" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="loc_us-gaap_LongTermDebtCurrent_f61bf97e-c3a5-ba72-7591-eba8e7bb6a44" xlink:type="locator" />
    <link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_LongTermDebtCurrent_f61bf97e-c3a5-ba72-7591-eba8e7bb6a44" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CustomerDepositsCurrent" xlink:label="loc_us-gaap_CustomerDepositsCurrent_ce476672-55cd-838d-bb2a-a93841526e10" xlink:type="locator" />
    <link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_CustomerDepositsCurrent_ce476672-55cd-838d-bb2a-a93841526e10" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityCurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityCurrent_4aca1554-73cb-0edc-0b8c-fd23543ae37d" xlink:type="locator" />
    <link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_RegulatoryLiabilityCurrent_4aca1554-73cb-0edc-0b8c-fd23543ae37d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_02b1756e-a27a-df0b-cb87-4e42d7ab59c6" xlink:type="locator" />
    <link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_02b1756e-a27a-df0b-cb87-4e42d7ab59c6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="loc_us-gaap_DividendsPayableCurrent_5de08225-2a59-df57-5770-2abc56efe41b" xlink:type="locator" />
    <link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_us-gaap_DividendsPayableCurrent_5de08225-2a59-df57-5770-2abc56efe41b" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionInterconnectionArrangementLiabilities" xlink:label="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E32126E909DB07064AEA4B99853AB8B9" xlink:type="locator" />
    <link:calculationArc order="11" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E32126E909DB07064AEA4B99853AB8B9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_9665b148-edb0-6047-cf3d-894f3449271c" xlink:type="locator" />
    <link:calculationArc order="12" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_f5e246cf-e80f-d00b-c8ed-4796aa2df4b4" xlink:to="loc_pnm_ShortTermDebtDueToRelatedParty_9665b148-edb0-6047-cf3d-894f3449271c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent" xlink:label="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_d8bb821f-d155-9d4e-1738-736b4bf4cb19" xlink:to="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_314eb579-3ee1-408c-39f2-e62f2f37befc" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_314eb579-3ee1-408c-39f2-e62f2f37befc" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_630ce5df-98d8-d515-0f5c-663a0889bd56" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_RegulatoryLiabilityNoncurrent_630ce5df-98d8-d515-0f5c-663a0889bd56" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaap_AssetRetirementObligationsNoncurrent_1f4fb651-4881-fed9-af88-845715d74664" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_AssetRetirementObligationsNoncurrent_1f4fb651-4881-fed9-af88-845715d74664" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_9a02138f-e52f-25fa-014e-0405ac9ddb27" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_9a02138f-e52f-25fa-014e-0405ac9ddb27" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3ffd0622-1cf7-dfe7-dae7-2020e36f2f4a" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3ffd0622-1cf7-dfe7-dae7-2020e36f2f4a" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDeferredCreditsNoncurrent" xlink:label="loc_us-gaap_OtherDeferredCreditsNoncurrent_31a72839-36f5-8090-5d8b-5776dcadbe5a" xlink:type="locator" />
    <link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_918bc3b0-b4cd-8c4a-9735-37889dc345e8" xlink:to="loc_us-gaap_OtherDeferredCreditsNoncurrent_31a72839-36f5-8090-5d8b-5776dcadbe5a" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_822b66ff-44a1-e66b-5e0c-09356970a23d" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_d8bb821f-d155-9d4e-1738-736b4bf4cb19" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_822b66ff-44a1-e66b-5e0c-09356970a23d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_058e01e4-b9a1-623e-29f5-1b5c79bf095a" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:to="loc_us-gaap_CommitmentsAndContingencies_058e01e4-b9a1-623e-29f5-1b5c79bf095a" xlink:type="arc" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:to="loc_us-gaap_MinorityInterest_cb565c4d-35c2-d825-4672-f1619e51c133" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_3754e096-fb10-33ab-7e4d-894f359a05cf" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_159dcb00-b17e-17db-7098-be4159799459" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_3754e096-fb10-33ab-7e4d-894f359a05cf" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_295d6987-b391-796b-6689-9ae40d165d7c" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_295d6987-b391-796b-6689-9ae40d165d7c" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" xlink:label="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_91cad3c7-40dc-9fcf-09c2-894f33fbb6f0" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_295d6987-b391-796b-6689-9ae40d165d7c" xlink:to="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_91cad3c7-40dc-9fcf-09c2-894f33fbb6f0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_ed5d8707-4d2f-9a3f-9cc4-eb688cce5e4f" xlink:type="locator" />
    <link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_91cad3c7-40dc-9fcf-09c2-894f33fbb6f0" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_ed5d8707-4d2f-9a3f-9cc4-eb688cce5e4f" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_cd4ed727-3509-88c6-9b11-9334ca438963" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_91cad3c7-40dc-9fcf-09c2-894f33fbb6f0" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_cd4ed727-3509-88c6-9b11-9334ca438963" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearFuelNetOfAmortization" xlink:label="loc_us-gaap_NuclearFuelNetOfAmortization_665a75e0-f64a-243c-998f-b3125756b4b8" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_295d6987-b391-796b-6689-9ae40d165d7c" xlink:to="loc_us-gaap_NuclearFuelNetOfAmortization_665a75e0-f64a-243c-998f-b3125756b4b8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_594f8c62-c8c5-bd85-818c-71da6f0408d7" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_295d6987-b391-796b-6689-9ae40d165d7c" xlink:to="loc_us-gaap_ConstructionInProgressGross_594f8c62-c8c5-bd85-818c-71da6f0408d7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_07da1db4-2708-4446-4250-1fdd5956185e" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_07da1db4-2708-4446-4250-1fdd5956185e" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_dd7775cd-f4ab-5607-9b31-1ee98f605818" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_dd7775cd-f4ab-5607-9b31-1ee98f605818" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnbilledReceivablesCurrent" xlink:label="loc_us-gaap_UnbilledReceivablesCurrent_0af4cf4f-dd4e-4a27-50f3-b3447f0d9b89" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_UnbilledReceivablesCurrent_0af4cf4f-dd4e-4a27-50f3-b3447f0d9b89" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_39eb7f66-4e82-f33a-b75d-02348ed994c1" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_OtherReceivables_39eb7f66-4e82-f33a-b75d-02348ed994c1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossCurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_bce72e78-5bde-ebc1-feee-2914de14619d" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_bce72e78-5bde-ebc1-feee-2914de14619d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaap_InventoryNet_7eab44cf-1ea1-ca2a-420f-21f7b5343fc3" xlink:type="locator" />
    <link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_InventoryNet_7eab44cf-1ea1-ca2a-420f-21f7b5343fc3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsCurrent" xlink:label="loc_us-gaap_RegulatoryAssetsCurrent_daa06a81-b926-da9a-fbbf-8528d98637b7" xlink:type="locator" />
    <link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_RegulatoryAssetsCurrent_daa06a81-b926-da9a-fbbf-8528d98637b7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_84c72a40-7d41-ae62-5328-afed8a5c4ed6" xlink:type="locator" />
    <link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_84c72a40-7d41-ae62-5328-afed8a5c4ed6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="loc_us-gaap_IncomeTaxesReceivable_789a7873-b967-40a1-5141-a622987f261b" xlink:type="locator" />
    <link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_IncomeTaxesReceivable_789a7873-b967-40a1-5141-a622987f261b" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_1cb4a384-e314-2300-ad55-c1ed289c8f7a" xlink:type="locator" />
    <link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_OtherAssetsCurrent_1cb4a384-e314-2300-ad55-c1ed289c8f7a" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="loc_us-gaap_DueFromRelatedPartiesCurrent_01d226b5-d89e-45e6-1279-541e7b5bf1df" xlink:type="locator" />
    <link:calculationArc order="11" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:to="loc_us-gaap_DueFromRelatedPartiesCurrent_01d226b5-d89e-45e6-1279-541e7b5bf1df" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalDeferredChargesAndOtherAssets" xlink:label="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_5f59bb76-086c-b40c-c9d5-6de36890630c" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:to="loc_us-gaap_RegulatoryAssetsNoncurrent_5f59bb76-086c-b40c-c9d5-6de36890630c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_93a64cae-271a-5e6b-8c83-5adf9f941142" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:to="loc_us-gaap_Goodwill_93a64cae-271a-5e6b-8c83-5adf9f941142" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_16051231-04bd-ea94-b23d-97f0ca04a36d" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_16051231-04bd-ea94-b23d-97f0ca04a36d" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts" xlink:label="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_73423189-8050-276e-ba79-894f342d8321" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalDeferredChargesAndOtherAssets_3d1d7cb5-d589-cc45-d158-894f33e025cf" xlink:to="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_73423189-8050-276e-ba79-894f342d8321" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalOtherPropertyAndInvestments" xlink:label="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_968fa8c2-ba2c-0e2e-e0d8-19a38ad0b3e0" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_968fa8c2-ba2c-0e2e-e0d8-19a38ad0b3e0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLongTermInvestments" xlink:label="loc_us-gaap_OtherLongTermInvestments_7f852f6c-eaa5-6417-006d-c0b374f72ff7" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:to="loc_us-gaap_OtherLongTermInvestments_7f852f6c-eaa5-6417-006d-c0b374f72ff7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_0ab9456b-855b-4b5f-17aa-958b2bf5fece" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_0ab9456b-855b-4b5f-17aa-958b2bf5fece" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossNoncurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_2d464943-3ea1-cf09-a047-daf53557c593" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_TotalOtherPropertyAndInvestments_fdc85983-9d66-9a94-2a75-894f33c6a941" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_2d464943-3ea1-cf09-a047-daf53557c593" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_59b4758f-0619-f6f0-6034-8dc07dd59c92" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00443492-92dd-7fc1-13b6-792f3e163e73" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_59b4758f-0619-f6f0-6034-8dc07dd59c92" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00443492-92dd-7fc1-13b6-792f3e163e73" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_525fb2d2-5bf5-6d13-be2b-a6879de902da" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_59b4758f-0619-f6f0-6034-8dc07dd59c92" xlink:to="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_525fb2d2-5bf5-6d13-be2b-a6879de902da" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_dd2e9db6-10f9-d78a-ba84-b18268245a83" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_dd2e9db6-10f9-d78a-ba84-b18268245a83" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_b0f6f356-bb74-20ca-535a-0070c6925814" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_b0f6f356-bb74-20ca-535a-0070c6925814" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_e5f1c7a4-b42a-8461-2001-b1f20e51b257" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_e5f1c7a4-b42a-8461-2001-b1f20e51b257" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_2b72fe5f-3c0e-d5e0-8e5c-ad01818e58e5" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_2b72fe5f-3c0e-d5e0-8e5c-ad01818e58e5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_d04df344-47da-0222-79d0-99b7d739fd60" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_ProceedsFromStockOptionsExercised_d04df344-47da-0222-79d0-99b7d739fd60" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_8a1490c4-32d9-5132-1fe2-2675a45abdae" xlink:type="locator" />
    <link:calculationArc order="5" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_8a1490c4-32d9-5132-1fe2-2675a45abdae" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfOrdinaryDividends" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends_fccb4e5f-f3d2-b2b9-c659-8971e47ca85a" xlink:type="locator" />
    <link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_PaymentsOfOrdinaryDividends_fccb4e5f-f3d2-b2b9-c659-8971e47ca85a" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_f947f03b-e398-c2d8-c6c6-21f968a506a4" xlink:type="locator" />
    <link:calculationArc order="7" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_PaymentsOfDividendsMinorityInterest_f947f03b-e398-c2d8-c6c6-21f968a506a4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ProceedsFromTransmissionInterconnectionArrangements" xlink:label="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_9B64B57D347091BFB1B2317F40664D89" xlink:type="locator" />
    <link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_9B64B57D347091BFB1B2317F40664D89" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RepaymentsFromTransmissionInterconnectionArrangement" xlink:label="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_B2A87216632DEBBF3FF031803D9A76D7" xlink:type="locator" />
    <link:calculationArc order="9" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_B2A87216632DEBBF3FF031803D9A76D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_9c4e2a5c-e841-39a2-fcf8-f80cfa44af11" xlink:type="locator" />
    <link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_deb49b68-c030-7624-a39d-ea301caa5dbf" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_9c4e2a5c-e841-39a2-fcf8-f80cfa44af11" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_dd2e9db6-10f9-d78a-ba84-b18268245a83" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_37b0c31d-5d8b-0577-dfd9-aa56a79334e3" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_37b0c31d-5d8b-0577-dfd9-aa56a79334e3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f75d01b7-d271-b07d-c4a7-6ae60293303d" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_f75d01b7-d271-b07d-c4a7-6ae60293303d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_5d347332-ff1f-3b91-1116-f661e854baf3" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_5d347332-ff1f-3b91-1116-f661e854baf3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" xlink:label="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3727954c-578c-a90d-fbc4-894f34fe7a93" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3727954c-578c-a90d-fbc4-894f34fe7a93" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_bf3f9720-ba63-7ecd-52ae-e754a6f349db" xlink:type="locator" />
    <link:calculationArc order="5" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_bf3f9720-ba63-7ecd-52ae-e754a6f349db" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_2dda25d5-7739-c1f6-acbf-76965aaf9644" xlink:type="locator" />
    <link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_2dda25d5-7739-c1f6-acbf-76965aaf9644" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_ac9066b4-6e40-13ed-8628-1a20304926d8" xlink:type="locator" />
    <link:calculationArc order="7" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_ac9066b4-6e40-13ed-8628-1a20304926d8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_a8b6fe35-4809-bddf-7ef6-3144a6c89165" xlink:type="locator" />
    <link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_a8b6fe35-4809-bddf-7ef6-3144a6c89165" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccruedInterestAndTaxes" xlink:label="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_11892b5e-e281-66c0-ce17-894f33bbb218" xlink:type="locator" />
    <link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_11892b5e-e281-66c0-ce17-894f33bbb218" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_cc375194-a38e-33da-b1f1-b2b16c2222e2" xlink:type="locator" />
    <link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_cc375194-a38e-33da-b1f1-b2b16c2222e2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_7e3bb724-19f9-7fc7-d3fb-60f34a11e15a" xlink:type="locator" />
    <link:calculationArc order="11" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_7e3bb724-19f9-7fc7-d3fb-60f34a11e15a" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="locator" />
    <link:calculationArc order="12" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_dde99a81-dd7e-8567-385b-abc551560117" xlink:type="locator" />
    <link:calculationArc order="13" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_dde99a81-dd7e-8567-385b-abc551560117" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_a2377e00-ed9e-3dc2-4fbd-c7e624463b5d" xlink:type="locator" />
    <link:calculationArc order="14" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_a2377e00-ed9e-3dc2-4fbd-c7e624463b5d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_e3eecf87-b290-4567-8a59-5b0a8e27c85b" xlink:type="locator" />
    <link:calculationArc order="15" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_ShareBasedCompensation_e3eecf87-b290-4567-8a59-5b0a8e27c85b" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_06855f51-6104-496b-b711-894f33ffc81b" xlink:type="locator" />
    <link:calculationArc order="16" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_pnm_RegulatoryDisallowance_06855f51-6104-496b-b711-894f33ffc81b" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_371a4d3e-148a-313f-f556-b3ca6797139e" xlink:type="locator" />
    <link:calculationArc order="17" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_371a4d3e-148a-313f-f556-b3ca6797139e" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:type="locator" />
    <link:calculationArc order="18" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_444b1ac7-f47a-4ce3-0caa-537f7e4ab8c3" xlink:to="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_dd2e9db6-10f9-d78a-ba84-b18268245a83" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_fcdc0031-632d-d703-c30b-13d96fda604e" xlink:type="locator" />
    <link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_fcdc0031-632d-d703-c30b-13d96fda604e" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_cab3bec8-4083-d161-f1d3-963f220abc95" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_cab3bec8-4083-d161-f1d3-963f220abc95" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_5151f7e0-f557-cbe6-275f-5bec3a3b329f" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_5151f7e0-f557-cbe6-275f-5bec3a3b329f" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReturnOfPrincipalOnPvngsLessorNotes" xlink:label="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_e79d0733-1554-6fb5-f519-894f34b4d03d" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_e79d0733-1554-6fb5-f519-894f34b4d03d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_a3cce359-4901-8e47-7521-d2fa73471a4d" xlink:type="locator" />
    <link:calculationArc order="5" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_a3cce359-4901-8e47-7521-d2fa73471a4d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5eaab9ea-3795-2871-0d80-72b9662e37e6" xlink:type="locator" />
    <link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5eaab9ea-3795-2871-0d80-72b9662e37e6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_787b75d6-4080-ae53-c802-62f3a1791e40" xlink:type="locator" />
    <link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_70319186-e7bd-7189-88d2-eba26fb93350" xlink:to="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_787b75d6-4080-ae53-c802-62f3a1791e40" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_499015ce-2160-aed2-85a3-080e8c4c6cdf" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_dd69e307-3cf6-284a-5315-8fa7ac464283" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_499015ce-2160-aed2-85a3-080e8c4c6cdf" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_dd69e307-3cf6-284a-5315-8fa7ac464283" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_dd69e307-3cf6-284a-5315-8fa7ac464283" xlink:to="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_dd69e307-3cf6-284a-5315-8fa7ac464283" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_57e8ae74-d8b6-c629-9bee-2d0929cd3999" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_57e8ae74-d8b6-c629-9bee-2d0929cd3999" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_ab3008c3-c5c2-a86b-0613-39cbd9b94527" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_ab3008c3-c5c2-a86b-0613-39cbd9b94527" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_cc7c59d2-21ac-163e-0898-1c1f212ef02b" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_cc7c59d2-21ac-163e-0898-1c1f212ef02b" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_aa99f772-8337-cbc2-0b89-25fbb3108271" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_aa99f772-8337-cbc2-0b89-25fbb3108271" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_eea0c679-aff6-c974-47a0-ff7e9cae6086" xlink:type="locator" />
    <link:calculationArc order="5" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_2a6e77d2-a694-61f8-1c68-085fd849c780" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_eea0c679-aff6-c974-47a0-ff7e9cae6086" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_7908f590-67cb-1122-d422-880e24cad7ce" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_499015ce-2160-aed2-85a3-080e8c4c6cdf" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_7908f590-67cb-1122-d422-880e24cad7ce" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5f6179b6-f97d-8cb7-b8e8-894f34a97f98" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_499015ce-2160-aed2-85a3-080e8c4c6cdf" xlink:to="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5f6179b6-f97d-8cb7-b8e8-894f34a97f98" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:to="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:to="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpense" xlink:label="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:type="locator" />
    <link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:to="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_b41ef4c7-1120-65a4-2a1d-592e25c1757c" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_b41ef4c7-1120-65a4-2a1d-592e25c1757c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_87411e46-c979-a1ff-e8b3-f4f75d86b855" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_87411e46-c979-a1ff-e8b3-f4f75d86b855" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricProductionExpense" xlink:label="loc_us-gaap_ElectricProductionExpense_ff764e88-75d5-a255-98c7-48118d51d19c" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_us-gaap_ElectricProductionExpense_ff764e88-75d5-a255-98c7-48118d51d19c" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_06855f51-6104-496b-b711-894f33ffc81b" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_pnm_RegulatoryDisallowance_06855f51-6104-496b-b711-894f33ffc81b" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_1a567340-2ea2-181e-749b-d1ff3439677e" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_1a567340-2ea2-181e-749b-d1ff3439677e" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionAndDistributionCosts" xlink:label="loc_pnm_TransmissionAndDistributionCosts_32786f36-7cc3-3455-8e87-894f34e014ba" xlink:type="locator" />
    <link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_pnm_TransmissionAndDistributionCosts_32786f36-7cc3-3455-8e87-894f34e014ba" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpenseTaxes" xlink:label="loc_us-gaap_UtilitiesOperatingExpenseTaxes_168e89de-8b8d-ab3f-67ea-807fd0a7dbda" xlink:type="locator" />
    <link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_182afee6-0fe1-b683-ce0e-22afb7282e53" xlink:to="loc_us-gaap_UtilitiesOperatingExpenseTaxes_168e89de-8b8d-ab3f-67ea-807fd0a7dbda" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_cece45b4-e0c7-5b24-1c35-a87595ddae62" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:to="loc_us-gaap_ElectricUtilityRevenue_cece45b4-e0c7-5b24-1c35-a87595ddae62" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_27459a92-428a-e415-bdb1-176ed2662e11" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:to="loc_us-gaap_InvestmentIncomeInterest_27459a92-428a-e415-bdb1-176ed2662e11" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="loc_us-gaap_GainLossOnInvestments_7581ce25-4be4-db3f-9321-3b7f310ad996" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:to="loc_us-gaap_GainLossOnInvestments_7581ce25-4be4-db3f-9321-3b7f310ad996" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherIncome" xlink:label="loc_us-gaap_OtherIncome_67402d53-bb55-2723-1295-126624c5472c" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:to="loc_us-gaap_OtherIncome_67402d53-bb55-2723-1295-126624c5472c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_fddbfe05-903b-f997-5941-640200f58e74" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_250c3b2f-7db5-7088-68cc-1dd831a2c2d7" xlink:to="loc_us-gaap_OtherExpenses_fddbfe05-903b-f997-5941-640200f58e74" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_7c9599ab-2a77-022c-c720-63fecff6a62c" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_InterestExpense_7c9599ab-2a77-022c-c720-63fecff6a62c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_78b7d85e-8366-fe6d-cb1f-faac5a041b79" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_78b7d85e-8366-fe6d-cb1f-faac5a041b79" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_baabbf0a-644b-708a-c310-1211f9af2775" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_baabbf0a-644b-708a-c310-1211f9af2775" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_10487893-ca2e-22a6-c893-0e95d97b2578" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_641b1cab-a2b3-2e0e-8389-1455ff3f8581" xlink:to="loc_us-gaap_DividendsPreferredStock_10487893-ca2e-22a6-c893-0e95d97b2578" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShare" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_223fd9c8-68e8-e433-7c40-f98b238e79de" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_86e61cf2-b7b2-e230-65f1-5a2b152f3a30" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_223fd9c8-68e8-e433-7c40-f98b238e79de" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_86e61cf2-b7b2-e230-65f1-5a2b152f3a30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6817192b-2f21-8dd8-90a4-a59d75e496b2" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_86e61cf2-b7b2-e230-65f1-5a2b152f3a30" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6817192b-2f21-8dd8-90a4-a59d75e496b2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_80ca9005-f628-78d4-db0a-13b3db653849" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_86e61cf2-b7b2-e230-65f1-5a2b152f3a30" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_80ca9005-f628-78d4-db0a-13b3db653849" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_cee10fe8-a4bb-491c-22f6-69a723d6a718" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_223fd9c8-68e8-e433-7c40-f98b238e79de" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_cee10fe8-a4bb-491c-22f6-69a723d6a718" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_317678d5-aa75-7221-6f7e-512a1e9594ce" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_837d1260-daa2-488c-64c8-2e7be5aee8de" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesFairValue_317678d5-aa75-7221-6f7e-512a1e9594ce" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_837d1260-daa2-488c-64c8-2e7be5aee8de" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2c901eb8-b331-77d7-037a-709db533c963" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesFairValue_317678d5-aa75-7221-6f7e-512a1e9594ce" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2c901eb8-b331-77d7-037a-709db533c963" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_45b1bcf4-633a-aca2-3c30-423160f2a118" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesFairValue_317678d5-aa75-7221-6f7e-512a1e9594ce" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_45b1bcf4-633a-aca2-3c30-423160f2a118" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_4836856d-11b6-313b-8616-6a2c8b77e26f" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_4836856d-11b6-313b-8616-6a2c8b77e26f" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_c92402e9-bd0b-d11c-b52e-45b5c23d49be" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_c92402e9-bd0b-d11c-b52e-45b5c23d49be" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_4e9a5751-649f-39a9-c9ec-844be0df352b" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_4e9a5751-649f-39a9-c9ec-844be0df352b" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_3c63e7f1-967c-f27d-47d3-894f3683a3b2" xlink:type="locator" />
    <link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_3c63e7f1-967c-f27d-47d3-894f3683a3b2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_d94bee48-d8d1-d161-0836-894f3494b75a" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_d94bee48-d8d1-d161-0836-894f3494b75a" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_6951df7a-8561-b03e-df81-894f33a14ff2" xlink:type="locator" />
    <link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_2c867d9b-5594-18ef-c82a-679b606d1bd3" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_6951df7a-8561-b03e-df81-894f33a14ff2" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_47b25432-a2d1-7658-6dc1-3d4551020252" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_990d24f7-bf09-089d-4b5d-4490e079db44" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_47b25432-a2d1-7658-6dc1-3d4551020252" xlink:to="loc_us-gaap_DerivativeAssets_990d24f7-bf09-089d-4b5d-4490e079db44" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_84c72a40-7d41-ae62-5328-afed8a5c4ed6" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssets_990d24f7-bf09-089d-4b5d-4490e079db44" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_84c72a40-7d41-ae62-5328-afed8a5c4ed6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_16051231-04bd-ea94-b23d-97f0ca04a36d" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssets_990d24f7-bf09-089d-4b5d-4490e079db44" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_16051231-04bd-ea94-b23d-97f0ca04a36d" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_a3ccd28b-d904-f2d6-d218-02006f748e50" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_47b25432-a2d1-7658-6dc1-3d4551020252" xlink:to="loc_us-gaap_DerivativeLiabilities_a3ccd28b-d904-f2d6-d218-02006f748e50" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_02b1756e-a27a-df0b-cb87-4e42d7ab59c6" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilities_a3ccd28b-d904-f2d6-d218-02006f748e50" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_02b1756e-a27a-df0b-cb87-4e42d7ab59c6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3ffd0622-1cf7-dfe7-dae7-2020e36f2f4a" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DerivativeLiabilities_a3ccd28b-d904-f2d6-d218-02006f748e50" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3ffd0622-1cf7-dfe7-dae7-2020e36f2f4a" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/Financing" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/FinancingTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/Goodwill" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/GoodwillDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/IncomeTaxes" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/LeaseCommitments" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="loc_us-gaap_DefinedBenefitPlanServiceCost_89ad3af5-a7a9-a0b6-3ed0-1824210c7a90" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:to="loc_us-gaap_DefinedBenefitPlanServiceCost_89ad3af5-a7a9-a0b6-3ed0-1824210c7a90" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="loc_us-gaap_DefinedBenefitPlanInterestCost_50406d00-3746-2e05-3a50-4b2bf529ff14" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:to="loc_us-gaap_DefinedBenefitPlanInterestCost_50406d00-3746-2e05-3a50-4b2bf529ff14" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_053c4475-6836-cf00-1abe-b15f58110eab" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:to="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_053c4475-6836-cf00-1abe-b15f58110eab" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_b2e93b1c-a313-bd95-39dd-1f9d9938b2e9" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_b2e93b1c-a313-bd95-39dd-1f9d9938b2e9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_ab621a8a-0d01-618c-dbe1-c25fa3bace61" xlink:type="locator" />
    <link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_bae25320-9d69-b27b-4684-0b60368d617f" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_ab621a8a-0d01-618c-dbe1-c25fa3bace61" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SegmentInformation" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GrossMargin" xlink:label="loc_pnm_GrossMargin_b53a1ea9-09e2-3595-3bd4-894f34e6a0de" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:to="loc_pnm_GrossMargin_b53a1ea9-09e2-3595-3bd4-894f34e6a0de" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_cece45b4-e0c7-5b24-1c35-a87595ddae62" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_GrossMargin_b53a1ea9-09e2-3595-3bd4-894f34e6a0de" xlink:to="loc_us-gaap_ElectricUtilityRevenue_cece45b4-e0c7-5b24-1c35-a87595ddae62" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_b41ef4c7-1120-65a4-2a1d-592e25c1757c" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_pnm_GrossMargin_b53a1ea9-09e2-3595-3bd4-894f34e6a0de" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_b41ef4c7-1120-65a4-2a1d-592e25c1757c" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherOperatingExpenses" xlink:label="loc_pnm_OtherOperatingExpenses_edb4299c-7bd3-7048-b0ba-894f35c324af" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:to="loc_pnm_OtherOperatingExpenses_edb4299c-7bd3-7048-b0ba-894f35c324af" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_1a567340-2ea2-181e-749b-d1ff3439677e" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_9894e895-7695-402a-9f03-08d60b7373b8" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_1a567340-2ea2-181e-749b-d1ff3439677e" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_27459a92-428a-e415-bdb1-176ed2662e11" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_InvestmentIncomeInterest_27459a92-428a-e415-bdb1-176ed2662e11" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherIncomeDeductionsExcludingInterest" xlink:label="loc_pnm_OtherIncomeDeductionsExcludingInterest_735da7be-4dea-299e-4e32-894f339d947b" xlink:type="locator" />
    <link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_pnm_OtherIncomeDeductionsExcludingInterest_735da7be-4dea-299e-4e32-894f339d947b" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_7c9599ab-2a77-022c-c720-63fecff6a62c" xlink:type="locator" />
    <link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_a53f52a4-7a54-3283-f734-95683c76ebff" xlink:to="loc_us-gaap_InterestExpense_7c9599ab-2a77-022c-c720-63fecff6a62c" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:to="loc_us-gaap_ProfitLoss_adacf05e-7e15-bd60-3e53-87432885dc29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_baabbf0a-644b-708a-c310-1211f9af2775" xlink:type="locator" />
    <link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_baabbf0a-644b-708a-c310-1211f9af2775" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_10487893-ca2e-22a6-c893-0e95d97b2578" xlink:type="locator" />
    <link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3d9b4bd2-957e-ddb5-7841-6a572de70646" xlink:to="loc_us-gaap_DividendsPreferredStock_10487893-ca2e-22a6-c893-0e95d97b2578" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SegmentInformationTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensation" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntities" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:type="locator" />
    <link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_us-gaap_AssetsCurrent_8a47066b-3628-88d1-49db-ed09aecc7fc7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_1944a381-5c4e-ce3c-9111-13ccd1c639db" xlink:type="locator" />
    <link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_c6057b1d-6685-8249-2051-6c57f3a16a9e" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_1944a381-5c4e-ce3c-9111-13ccd1c639db" xlink:type="arc" />
  </link:calculationLink>
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesDetailsCalc2" xlink:type="extended" />
  <link:calculationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:type="extended" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>18
<FILENAME>pnm-20170930_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLoss" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:href="pnm-20170930.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCleanAirActDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheets" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementOfChangesInEquity" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfEarnings" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:href="pnm-20170930.xsd#DocumentAndEntityInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShare" xlink:href="pnm-20170930.xsd#EarningsPerShare" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:href="pnm-20170930.xsd#EarningsPerShareDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:href="pnm-20170930.xsd#EarningsPerShareTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Financing" xlink:href="pnm-20170930.xsd#Financing" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:href="pnm-20170930.xsd#FinancingFinancingActivitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:href="pnm-20170930.xsd#FinancingShortTermDebtAndLiquidityDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingTables" xlink:href="pnm-20170930.xsd#FinancingTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Goodwill" xlink:href="pnm-20170930.xsd#Goodwill" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/GoodwillDetails" xlink:href="pnm-20170930.xsd#GoodwillDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxes" xlink:href="pnm-20170930.xsd#IncomeTaxes" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:href="pnm-20170930.xsd#IncomeTaxesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitments" xlink:href="pnm-20170930.xsd#LeaseCommitments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:href="pnm-20170930.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlans" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMatters" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersPnmDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:href="pnm-20170930.xsd#RelatedPartyTransactions" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformation" xlink:href="pnm-20170930.xsd#SegmentInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:href="pnm-20170930.xsd#SegmentInformationSummarizedFinancialInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationTables" xlink:href="pnm-20170930.xsd#SegmentInformationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensation" xlink:href="pnm-20170930.xsd#StockBasedCompensation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:href="pnm-20170930.xsd#StockBasedCompensationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:href="pnm-20170930.xsd#StockBasedCompensationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntities" xlink:href="pnm-20170930.xsd#VariableInterestEntities" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesTables" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" xlink:type="simple" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:to="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:to="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_53DEF012A4FE489FCB6CE7FF3599C2FF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_53DEF012A4FE489FCB6CE7FF3599C2FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:to="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:to="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedOtherComprehensiveIncomeLossRollForward" xlink:label="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:to="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" xlink:label="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityAxis" xlink:label="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityDomain" xlink:label="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:to="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityDomain" xlink:label="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:to="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReevesstationMember" xlink:label="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:to="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_091381F81B11882185EA54FAC87860D7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:to="loc_pnm_SanJuanGeneratingStationMember_091381F81B11882185EA54FAC87860D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioPlanMember" xlink:label="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:to="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EnergyEquipmentMember" xlink:label="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:to="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineAxis" xlink:label="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:to="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:to="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SurfaceMember" xlink:label="loc_pnm_SurfaceMember_39730C743A65C76A4FEE54FAC8790975" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:to="loc_pnm_SurfaceMember_39730C743A65C76A4FEE54FAC8790975" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_CE34045748281041062B54FAC8792B69" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_CE34045748281041062B54FAC8792B69" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnLongTermPurchaseCommitmentMember" xlink:label="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_5E24C550C7763C0ECF2754FAC87A5123" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:to="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_5E24C550C7763C0ECF2754FAC87A5123" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:to="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:to="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:to="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:to="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:to="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:to="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6CE02EA72408607B8A3054FAC87AA0CC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6CE02EA72408607B8A3054FAC87AA0CC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRDevelopmentMember" xlink:label="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:to="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" xlink:label="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:to="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits1And4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits2And3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_F078A8B4D862D3D597E454FAC87BE23C" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationMember_F078A8B4D862D3D597E454FAC87BE23C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit3Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_D9934590C7C8F03DCFDA54FAC87CA63F" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersMember_D9934590C7C8F03DCFDA54FAC87CA63F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits4And5CoalMember" xlink:label="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits12and3CoalMember" xlink:label="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationAndFourCornersMember" xlink:label="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToRegionalHazeMember" xlink:label="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSncrMember" xlink:label="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_64CBFC276810524BE4F454FAC87C0F79" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_64CBFC276810524BE4F454FAC87C0F79" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember" xlink:label="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember" xlink:label="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToPostCombustionControlsMember" xlink:label="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanPowerPlanMember" xlink:label="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WEGvOSMLawsuitMember" xlink:label="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SantaFegeneratingstationMember" xlink:label="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze" xlink:label="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum" xlink:label="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentownershipinterestinMegawatts" xlink:label="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV" xlink:label="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts" xlink:label="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedratebasevalueat112018" xlink:label="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase" xlink:label="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalfiredgenerationinMegawatts" xlink:label="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits" xlink:label="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoremainunrecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_738CF8DB2D7D99685C0D54FAC87EF889" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_RegulatoryDisallowance_738CF8DB2D7D99685C0D54FAC87EF889" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowanceAdditionalamountrecorded" xlink:label="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_67CE209804622F8E1BA354FAC87E27EB" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_67CE209804622F8E1BA354FAC87E27EB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetBookValue" xlink:label="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance" xlink:label="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNetCarryingValueofUtilityPlant" xlink:label="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofotherowner" xlink:label="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="locator" />
    <link:definitionArc order="23" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Percentageofownershipheldbyexitingowners" xlink:label="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="locator" />
    <link:definitionArc order="24" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentage" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="locator" />
    <link:definitionArc order="25" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfComplianceAlternatives" xlink:label="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="locator" />
    <link:definitionArc order="26" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts" xlink:label="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="locator" />
    <link:definitionArc order="27" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="locator" />
    <link:definitionArc order="28" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="locator" />
    <link:definitionArc order="29" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="locator" />
    <link:definitionArc order="30" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="locator" />
    <link:definitionArc order="31" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations" xlink:label="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="locator" />
    <link:definitionArc order="32" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_908AE98C789844DB260B54FAC87F6F8C" xlink:type="locator" />
    <link:definitionArc order="33" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_908AE98C789844DB260B54FAC87F6F8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets" xlink:label="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="locator" />
    <link:definitionArc order="34" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan" xlink:label="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="locator" />
    <link:definitionArc order="35" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimetoactonsettlement" xlink:label="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="locator" />
    <link:definitionArc order="36" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEmissionsTonsofSO2peryear" xlink:label="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="locator" />
    <link:definitionArc order="37" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilities1hourSO2EmissionsRate" xlink:label="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="locator" />
    <link:definitionArc order="38" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon" xlink:label="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="locator" />
    <link:definitionArc order="39" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="locator" />
    <link:definitionArc order="40" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="locator" />
    <link:definitionArc order="41" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimefromstatedesignationtoprovideimplementationplans" xlink:label="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="locator" />
    <link:definitionArc order="42" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofminesimpacted" xlink:label="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="locator" />
    <link:definitionArc order="43" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofstatesimpacted" xlink:label="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="locator" />
    <link:definitionArc order="44" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofclaimsforrelieffiled" xlink:label="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="locator" />
    <link:definitionArc order="45" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Requirementstobeimplemented" xlink:label="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="locator" />
    <link:definitionArc order="46" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofwellswithelevatedlevelsofnitrates" xlink:label="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="locator" />
    <link:definitionArc order="47" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:to="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MineReclamationTrustMember" xlink:label="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:to="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:to="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_BTMUTermLoanAgreementMember" xlink:label="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:to="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:to="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:to="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:to="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_482949EAD9782D1F07154BE69673EB2B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_482949EAD9782D1F07154BE69673EB2B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UnaffiliatedthirdpartyMember" xlink:label="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:to="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:to="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnLongTermPurchaseCommitmentMember" xlink:label="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:to="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:to="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_FFD382A927FDB08EAF904BEA8D5D203F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:to="loc_pnm_FourCornersMember_FFD382A927FDB08EAF904BEA8D5D203F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineAxis" xlink:label="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:to="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:to="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SurfaceMember" xlink:label="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:to="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UndergroundMember" xlink:label="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:to="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_1FA06497E2A10B2C1DF84BE69674704F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_RegulatoryDisallowance_1FA06497E2A10B2C1DF84BE69674704F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" xlink:label="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:label="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledprincipalpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledinterestpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Prepaymentpenalty" xlink:label="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalMineReclamationBondstobepostedwithNMMMD" xlink:label="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Cashusedtosupportbankletterorcreditarrangement" xlink:label="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage" xlink:label="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount" xlink:label="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowanceAdditionalamountrecorded" xlink:label="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_2549363C74BAE6430DC34BE69675428D" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_2549363C74BAE6430DC34BE69675428D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_B268163351A4746714C04BE6967562C9" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_B268163351A4746714C04BE6967562C9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingCurrentfiscalyear" xlink:label="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear2" xlink:label="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear3" xlink:label="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofannualinstallmentpayments" xlink:label="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinalReclamationCappedAmountToBeCollected" xlink:label="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="locator" />
    <link:definitionArc order="23" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="locator" />
    <link:definitionArc order="24" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:to="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:to="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_43682CA40B686EF674A8E7FF33F3B50C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_43682CA40B686EF674A8E7FF33F3B50C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearSpentFuelAndWasteDisposalMember" xlink:label="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:to="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationAxis" xlink:label="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationDomain" xlink:label="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:to="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationDomain" xlink:label="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:to="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCreditsMember" xlink:label="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:to="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RevisedAnnualFeeNuclearWasteDisposal" xlink:label="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_0F64ECBE18C5B2A056AF553C91DB29BC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:to="loc_us-gaap_SubsequentEventMember_0F64ECBE18C5B2A056AF553C91DB29BC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusDomain" xlink:label="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:to="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusDomain" xlink:label="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:to="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PendingLitigationMember" xlink:label="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:to="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SettledLitigationMember" xlink:label="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:to="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierAxis" xlink:label="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierDomain" xlink:label="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:to="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierDomain" xlink:label="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:to="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommercialProvidersMember" xlink:label="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:to="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IndustryWideRetrospectiveAssessmentProgramMember" xlink:label="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:to="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:to="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:to="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3B927B8C14574715297F54FAC84AFB6D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3B927B8C14574715297F54FAC84AFB6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstChoiceMember" xlink:label="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:to="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:to="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:to="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_87FCD0394FD210AFCCD554FAC84A564C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:to="loc_us-gaap_MaximumMember_87FCD0394FD210AFCCD554FAC84A564C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_5075AB210A22E30D210B54FAC84AC039" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_5075AB210A22E30D210B54FAC84AC039" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:to="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:to="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearPlantMember" xlink:label="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:to="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:to="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:to="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ContinuousHighwallMiningMember" xlink:label="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:to="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NavajoNationAllotteeMattersMember" xlink:label="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:to="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_C3C0F0C51796BACD392A54FAC84C5377" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:to="loc_pnm_SanJuanGeneratingStationMember_C3C0F0C51796BACD392A54FAC84C5377" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate" xlink:label="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003" xlink:label="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverage" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofUnits" xlink:label="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident" xlink:label="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident" xlink:label="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance" xlink:label="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited" xlink:label="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWatertoNumberofCities" xlink:label="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWaterforPeriodofTime" xlink:label="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyPendingClaimsNumber" xlink:label="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired" xlink:label="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberoflandownersclaimingtobeNavajoallottees" xlink:label="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsappraisalrequestedforreview" xlink:label="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents" xlink:label="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AreaOfLand" xlink:label="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofallotmentparcelsatissueNottobecondemned" xlink:label="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsatissue" xlink:label="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" xlink:label="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_8D598B8B819354169901551F1C2F7610" xlink:type="locator" />
    <link:definitionArc order="23" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_8D598B8B819354169901551F1C2F7610" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdditionalTaxDuePlusPenaltiesandInterest" xlink:label="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="locator" />
    <link:definitionArc order="24" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:to="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:to="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:to="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:to="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_73C0B5B83EADCCA3B7CA5F37FE97346D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_73C0B5B83EADCCA3B7CA5F37FE97346D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E80D228079F8621A3C405F37FE975783" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E80D228079F8621A3C405F37FE975783" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:to="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnbilledReceivablesCurrent" xlink:label="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossCurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsCurrent" xlink:label="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_0F77D01CD86871D7E1E55F37FE9736C3" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_OtherAssetsCurrent_0F77D01CD86871D7E1E55F37FE9736C3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherPropertyAndInvestmentsAbstract" xlink:label="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossNoncurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLongTermInvestments" xlink:label="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalOtherPropertyAndInvestments" xlink:label="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_883CB645E3F66EA7CF755F37FE98C5B5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_883CB645E3F66EA7CF755F37FE98C5B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" xlink:label="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearFuelNetOfAmortization" xlink:label="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_EFEB439163E1C0E3B9CC5F37FE98989D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_Goodwill_EFEB439163E1C0E3B9CC5F37FE98989D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts" xlink:label="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalDeferredChargesAndOtherAssets" xlink:label="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_186728AF62CF1C7471D65F37FE981573" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_Assets_186728AF62CF1C7471D65F37FE981573" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_62FD227E5D8ABE6F0BE55F37FE991C02" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_ShortTermBorrowings_62FD227E5D8ABE6F0BE55F37FE991C02" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_E48CA02272CE2EF998E15F37FE99F53D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_ShortTermDebtDueToRelatedParty_E48CA02272CE2EF998E15F37FE99F53D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CustomerDepositsCurrent" xlink:label="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccruedInterestAndTaxesPayable" xlink:label="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityCurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionInterconnectionArrangementLiabilities" xlink:label="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrentAbstract" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDeferredCreditsNoncurrent" xlink:label="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent" xlink:label="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CompanyCommonStockholdersEquity" xlink:label="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:to="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:to="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:to="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_BB1C32343C4FB3DA23484B25710FFC67" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_BB1C32343C4FB3DA23484B25710FFC67" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedAmortizationNuclearFuel" xlink:label="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:to="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:to="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:to="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:to="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_8F5DCF159E563CA3DF275F37FE8688A7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_8F5DCF159E563CA3DF275F37FE8688A7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_A30FACF8614456E006955F37FE86F5DF" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_A30FACF8614456E006955F37FE86F5DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:to="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:to="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentMember" xlink:label="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:to="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_1373F4225ED3209C31965F37FE8632A4" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_RetainedEarningsMember_1373F4225ED3209C31965F37FE8632A4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:to="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_87536672EE5235616DD55F37FE86E46F" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_ProfitLoss_87536672EE5235616DD55F37FE86E46F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_5AA4C8ECF74E076428285F37FE862BAC" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_NetIncomeLoss_5AA4C8ECF74E076428285F37FE862BAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:to="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:to="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:to="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" xlink:label="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccruedInterestAndTaxes" xlink:label="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReturnOfPrincipalOnPvngsLessorNotes" xlink:label="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromContributionsFromParent" xlink:label="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfOrdinaryDividends" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ProceedsFromTransmissionInterconnectionArrangements" xlink:label="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RepaymentsFromTransmissionInterconnectionArrangement" xlink:label="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction" xlink:label="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:to="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid" xlink:label="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:to="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:to="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:to="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:to="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:to="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9E688B474BB217B73F314AD8339205E5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9E688B474BB217B73F314AD8339205E5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_29E8BE7B4E70BDE1AC8D4AD83393E068" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:to="loc_us-gaap_ProfitLoss_29E8BE7B4E70BDE1AC8D4AD83393E068" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_F6B499EAE3C8982E5DE14AD833947178" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_F6B499EAE3C8982E5DE14AD833947178" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:to="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:to="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:to="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3EF91A5B522FE0DE76FC4AD8338C07E0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3EF91A5B522FE0DE76FC4AD8338C07E0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:to="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:to="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:to="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_4926C93F8BA5B49073C54AD8339F2539" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_4926C93F8BA5B49073C54AD8339F2539" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_15975C68A8D5BB7292D74AD8339FCDAD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_15975C68A8D5BB7292D74AD8339FCDAD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_973E0AB3F96DE0D95E454AD833A0DA2B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_973E0AB3F96DE0D95E454AD833A0DA2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricProductionExpense" xlink:label="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_86394226F356A10B37364AD833A0E467" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_pnm_RegulatoryDisallowance_86394226F356A10B37364AD833A0E467" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_C5EB00F1E10E20B7836D4AD833A06C1B" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_C5EB00F1E10E20B7836D4AD833A06C1B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionAndDistributionCosts" xlink:label="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpenseTaxes" xlink:label="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpense" xlink:label="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_CA0F6524B0A9C0464CA54AD833A08A6D" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_OperatingIncomeLoss_CA0F6524B0A9C0464CA54AD833A08A6D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpenseAbstract" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_8B415273C5A2D730A2224AD833A09693" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_InvestmentIncomeInterest_8B415273C5A2D730A2224AD833A09693" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherIncome" xlink:label="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F00F9C51E4E4B5359A1E4AD833A1964F" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F00F9C51E4E4B5359A1E4AD833A1964F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_8573B3A2F3E28ECFC51A4AD833A15B84" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_ProfitLoss_8573B3A2F3E28ECFC51A4AD833A15B84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_EFD0E7BFC1970C6CACA64AD833A2EE44" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_EFD0E7BFC1970C6CACA64AD833A2EE44" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract" xlink:label="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:to="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:to="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:to="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_7EFCB6536D8BE4192720E7FF345134E0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_7EFCB6536D8BE4192720E7FF345134E0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E9801964D0807FF70515E7FF34517EDD" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E9801964D0807FF70515E7FF34517EDD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/EarningsPerShare" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:to="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:to="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6C37E813AF38DF300EB54BE93135F660" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6C37E813AF38DF300EB54BE93135F660" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearDecommissioningTrustMember" xlink:label="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MineReclamationTrustMember" xlink:label="loc_pnm_MineReclamationTrustMember_C54978E68A5BB0BB368C4BE931354600" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_MineReclamationTrustMember_C54978E68A5BB0BB368C4BE931354600" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember_730E6CFA300AB2EB86694BE931357F52" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_CashAndCashEquivalentsMember_730E6CFA300AB2EB86694BE931357F52" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticValueMember" xlink:label="loc_pnm_DomesticValueMember_DAC0DE040B2B469EDB924BE931354BD8" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_DomesticValueMember_DAC0DE040B2B469EDB924BE931354BD8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticGrowthMember" xlink:label="loc_pnm_DomesticGrowthMember_94713BDEC426714FD40E4BE931352CA5" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_DomesticGrowthMember_94713BDEC426714FD40E4BE931352CA5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MultinationalMember" xlink:label="loc_pnm_MultinationalMember_BD374D89FBDE1CBE44514BE93135B729" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_MultinationalMember_BD374D89FBDE1CBE44514BE93135B729" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_916421A0BFACC3B39C0D4BE93135A728" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_916421A0BFACC3B39C0D4BE93135A728" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="loc_us-gaap_MunicipalBondsMember_07656EBF862F8D28BF494BE931359A7B" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_MunicipalBondsMember_07656EBF862F8D28BF494BE931359A7B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_84FB235D8218CDDDF7874BE93135FADD" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_OtherDebtSecuritiesMember_84FB235D8218CDDDF7874BE93135FADD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_9D51C393003CD8ED75D74BE9313575D6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_9D51C393003CD8ED75D74BE9313575D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities" xlink:label="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:to="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:to="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3788E5714FDFA80C9FEC2B00E3E0B292" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3788E5714FDFA80C9FEC2B00E3E0B292" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_135B062FC04F3C5513652B00E3E0EE91" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_135B062FC04F3C5513652B00E3E0EE91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticValueMember" xlink:label="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticGrowthMember" xlink:label="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MultinationalMember" xlink:label="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_D62D36CBFABCBF46F95F2B00E3E01FC5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:to="loc_us-gaap_CommodityContractMember_D62D36CBFABCBF46F95F2B00E3E01FC5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_97092AA25003B834D0B12B00E3E104C1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_97092AA25003B834D0B12B00E3E104C1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_0CB060B5A0E52C74C3042B00E3E11760" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_0CB060B5A0E52C74C3042B00E3E11760" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherInvestmentsFairValueDisclosure" xlink:label="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:to="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:to="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_C51589896EA43BD0B422E7FF34ED7FA7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_C51589896EA43BD0B422E7FF34ED7FA7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:to="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:to="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:to="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:to="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionAxis" xlink:label="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionDomain" xlink:label="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:to="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionDomain" xlink:label="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:to="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongMember" xlink:label="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:to="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortMember" xlink:label="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:to="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure" xlink:label="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesLineItems" xlink:label="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesTable" xlink:label="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:to="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:to="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:to="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrAndPnmMember" xlink:label="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:to="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:to="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:to="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_1A5AE7B1E8C35C851D094BE9314EAF28" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_1A5AE7B1E8C35C851D094BE9314EAF28" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:to="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:to="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_E7900BA14ECE92CE56654BE9314E8227" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:to="loc_us-gaap_CommodityContractMember_E7900BA14ECE92CE56654BE9314E8227" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:to="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:to="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:to="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_1B28F1C7FD9C3A456C6C4BE9314FF3F0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_1B28F1C7FD9C3A456C6C4BE9314FF3F0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:to="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:to="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuelAndPurchasedPowerAdjustmentClauseMember" xlink:label="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:to="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8E3AD2171C219423E1CA4BE9314FE348" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8E3AD2171C219423E1CA4BE9314FE348" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MarginDepositAssets" xlink:label="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit3Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_110BDBD806B36E0BEBC1E7FF356A3962" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_110BDBD806B36E0BEBC1E7FF356A3962" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:to="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:to="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B03A326EBD6C39EA594CE7FF356A7957" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B03A326EBD6C39EA594CE7FF356A7957" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_ED01660E8EAAD222FFE7E7FF356A1299" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:to="loc_us-gaap_CommodityContractMember_ED01660E8EAAD222FFE7E7FF356A1299" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_EF83AB379339D636885DE7FF356A6E32" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_EF83AB379339D636885DE7FF356A6E32" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAverageForwardPrice" xlink:label="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:to="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:to="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_F8C8F620F2B8DE87509FE7FF3413692E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_F8C8F620F2B8DE87509FE7FF3413692E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:to="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:to="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_44BEA18B5BF1D3682C2CE7FF3413780E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_44BEA18B5BF1D3682C2CE7FF3413780E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_3F657DED0DC405B5D7B6E7FF341303AB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:to="loc_us-gaap_CommodityContractMember_3F657DED0DC405B5D7B6E7FF341303AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesMember" xlink:label="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:to="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:to="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/Financing" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:to="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:to="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:to="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:to="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:to="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:to="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:to="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesAxis" xlink:label="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:to="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2015TermLoanAgreementMember" xlink:label="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2016TermLoanAgreementMember" xlink:label="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_BTMUTermLoanAgreementMember" xlink:label="loc_pnm_BTMUTermLoanAgreementMember_49592F21E69DD28FF794502E7338552E" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_BTMUTermLoanAgreementMember_49592F21E69DD28FF794502E7338552E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondMember" xlink:label="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsMember" xlink:label="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableToBanksMember" xlink:label="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesMember" xlink:label="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2017TermLoanAgreementMember" xlink:label="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:to="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:to="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_88E9533BBE5968E2D0FA502E7338E233" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_88E9533BBE5968E2D0FA502E7338E233" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_F0B265DD342FD9CCA2BE502E73382C04" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_NMCapitalMember_F0B265DD342FD9CCA2BE502E73382C04" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrMember" xlink:label="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_1D6C320EB1B5A4A1F17F502E73387AD1" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_1D6C320EB1B5A4A1F17F502E73387AD1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:to="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:to="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_B25BA9E42313C457D66D502E73386B9D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:to="loc_us-gaap_MaximumMember_B25BA9E42313C457D66D502E73386B9D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:to="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:to="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:to="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016OneYearTermLoanMember" xlink:label="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2015TermLoanAgreementMember" xlink:label="loc_pnm_PNMR2015TermLoanAgreementMember_ECA98294F11B1A6FBCC1502E7338E521" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2015TermLoanAgreementMember_ECA98294F11B1A6FBCC1502E7338E521" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016TwoYearTermLoanMember" xlink:label="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Letterorcredit30milJPMorganMember" xlink:label="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableRateShortTermDebtMember" xlink:label="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateof3.22Due2027Member" xlink:label="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12040Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12042Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2017TermLoanAgreementMember" xlink:label="loc_pnm_PNM2017TermLoanAgreementMember_66AE1D14B52071D4962F502E7338E4BE" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNM2017TermLoanAgreementMember_66AE1D14B52071D4962F502E7338E4BE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point95percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point50percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_7CC8741659A89BDFBCD8502E7338CE02" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:to="loc_pnm_CoalSupplyMember_7CC8741659A89BDFBCD8502E7338CE02" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_2CEBB703CD110D631C60502E7338360B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_2CEBB703CD110D631C60502E7338360B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:to="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractOneMember" xlink:label="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractTwoMember" xlink:label="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractThreeMember" xlink:label="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractsContractOneandContractTwoMember" xlink:label="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioPlanMember" xlink:label="loc_us-gaap_ScenarioPlanMember_2DEC0B208DA6A258D1B4502E734774B9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:to="loc_us-gaap_ScenarioPlanMember_2DEC0B208DA6A258D1B4502E734774B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:to="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:to="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember" xlink:label="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:to="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RatioOfDebtToCapitalMaximum" xlink:label="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval" xlink:label="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentCovenantDebttoCapitalRatio" xlink:label="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" xlink:label="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_D3495B3193174D780B37502E73471FF3" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_D3495B3193174D780B37502E73471FF3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeVariableInterestRate" xlink:label="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss" xlink:label="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredLongTermDebt" xlink:label="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:label="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1" xlink:label="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtIstrumentNumberOfExtensionOptions" xlink:label="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" xlink:label="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:to="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:to="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:to="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_0A46314F90313B97F6B84BE930E00F20" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_0A46314F90313B97F6B84BE930E00F20" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:to="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:to="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_327EA0A366A9399AAF9A4BE930E182C2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_327EA0A366A9399AAF9A4BE930E182C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_D8052C07C5B7510881294BE930E15956" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_D8052C07C5B7510881294BE930E15956" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:to="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:to="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRRevolvingCreditFacilityMember_F29CED026F70FB4AF4604BE930E1FD4E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:to="loc_pnm_PNMRRevolvingCreditFacilityMember_F29CED026F70FB4AF4604BE930E1FD4E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRevolvingCreditFacilityMember_DD42694FD50CE17799E04BE930E1FE4D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:to="loc_pnm_PNMRevolvingCreditFacilityMember_DD42694FD50CE17799E04BE930E1FE4D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:to="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember" xlink:label="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LocalLinesOfCreditMember" xlink:label="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016OneYearTermLoanMember" xlink:label="loc_pnm_PNMR2016OneYearTermLoanMember_E4B2FA054C215774188F4BE930E10DF1" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_PNMR2016OneYearTermLoanMember_E4B2FA054C215774188F4BE930E10DF1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_C7925E70CFCA9C678AE24BE930E2363E" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_C7925E70CFCA9C678AE24BE930E2363E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesAxis" xlink:label="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="loc_us-gaap_ParentCompanyMember_20383B946E1CB7B6F95F4BE930E261B6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:to="loc_us-gaap_ParentCompanyMember_20383B946E1CB7B6F95F4BE930E261B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_3AD1337185FD74DDCAAE4BE930E2DC16" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:to="loc_us-gaap_SubsequentEventMember_3AD1337185FD74DDCAAE4BE930E2DC16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2016TermLoanAgreementMember" xlink:label="loc_pnm_PNM2016TermLoanAgreementMember_45BEF92139BA402FF94D4BE930E22DFB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:to="loc_pnm_PNM2016TermLoanAgreementMember_45BEF92139BA402FF94D4BE930E22DFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesMember" xlink:label="loc_pnm_SeniorUnsecuredNotesMember_E98382CABFFE5ACFDD7B4BE930E23B3F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:to="loc_pnm_SeniorUnsecuredNotesMember_E98382CABFFE5ACFDD7B4BE930E23B3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtIstrumentNumberOfExtensionOptions" xlink:label="loc_pnm_DebtIstrumentNumberOfExtensionOptions_B6EAB8776E48C0D2F3614BE930E21654" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtIstrumentNumberOfExtensionOptions_B6EAB8776E48C0D2F3614BE930E21654" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" xlink:label="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_420860B477194160AF314BE930E29AAB" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_420860B477194160AF314BE930E29AAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentsNMPRCApprovedcreditfacility" xlink:label="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_723F458A7507ED3D5D974BE930E3D3CB" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_723F458A7507ED3D5D974BE930E3D3CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_6E292678FD7881BE44CB4BE930E3734B" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentTerm_6E292678FD7881BE44CB4BE930E3734B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndInvestments" xlink:label="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/FinancingTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/Goodwill" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/GoodwillDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillLineItems" xlink:label="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfGoodwillTable" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:to="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:to="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:to="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_217FB47626917383AFFFE3501E354F1C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_217FB47626917383AFFFE3501E354F1C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_FA9AB86787C7EDC5E588E3501E35E044" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_FA9AB86787C7EDC5E588E3501E35E044" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_8B9DC3ACC63B597CB0C5E3501E363031" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_Goodwill_8B9DC3ACC63B597CB0C5E3501E363031" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount" xlink:label="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/IncomeTaxes" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyLineItems" xlink:label="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyTable" xlink:label="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:to="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:to="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EFECC2316F4AC84AB39BF35D05727C35" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EFECC2316F4AC84AB39BF35D05727C35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMPRCMember" xlink:label="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:to="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameAxis" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:to="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:to="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InternalRevenueServiceIRSMember" xlink:label="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:to="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:to="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:to="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMSegmentMember" xlink:label="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_ED3E3D9AF3E73DA4F94FF35D0583D65E" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_ED3E3D9AF3E73DA4F94FF35D0583D65E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrate2014" xlink:label="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrateeffectiveby2018" xlink:label="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate" xlink:label="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges" xlink:label="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange" xlink:label="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" xlink:label="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIncomeTaxRefunds" xlink:label="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xlink:label="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/LeaseCommitments" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:label="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:label="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:to="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:to="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_013F77BC5FE05AE6801AE7FF352BA003" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_013F77BC5FE05AE6801AE7FF352BA003" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_0F56AB57535838FCBC8FE7FF352B13A3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_0F56AB57535838FCBC8FE7FF352B13A3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofleasesexpiring" xlink:label="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasePriceofLeasedAssetPaid" xlink:label="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LeasedCapacitytobePurchased" xlink:label="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued" xlink:label="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:to="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:to="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_DF61F7617E6912BDCF8DE7FF34612AE1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_DF61F7617E6912BDCF8DE7FF34612AE1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_2E56BA69D9004920F29AE7FF34611E9C" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_2E56BA69D9004920F29AE7FF34611E9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:to="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:to="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_CEC1DF86B9377D429C0DE7FF3461DE16" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:to="loc_us-gaap_MinimumMember_CEC1DF86B9377D429C0DE7FF3461DE16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_0A728F1B8F9A1B719878E7FF3461448F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:to="loc_us-gaap_MaximumMember_0A728F1B8F9A1B719878E7FF3461448F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive" xlink:label="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:label="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear" xlink:label="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_B5288C468366F4F6099454FAC827AFB9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:to="loc_us-gaap_SubsequentEventMember_B5288C468366F4F6099454FAC827AFB9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:to="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:to="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TriStateMember" xlink:label="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:to="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostAxis" xlink:label="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostDomain" xlink:label="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:to="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostDomain" xlink:label="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:to="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DisincentivesIncentivesAdderMember" xlink:label="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:to="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:to="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:to="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoWindMember" xlink:label="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:to="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LightningDockGeothermalMember" xlink:label="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:to="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:to="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:to="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_85F008E289C8BBEB015D54FAC828E0B9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:to="loc_us-gaap_MinimumMember_85F008E289C8BBEB015D54FAC828E0B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_11ADC32F220B01BAF5CF54FAC829AD3D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:to="loc_us-gaap_MaximumMember_11ADC32F220B01BAF5CF54FAC829AD3D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeAxis" xlink:label="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeDomain" xlink:label="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:to="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeDomain" xlink:label="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:to="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WindEnergyMember" xlink:label="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SolarEnergyMember" xlink:label="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DistributedGenerationMember" xlink:label="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableTechnologiesMember" xlink:label="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionAxis" xlink:label="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionDomain" xlink:label="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:to="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionDomain" xlink:label="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:to="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2011Member" xlink:label="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2015Member" xlink:label="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2020Member" xlink:label="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMPRCMember" xlink:label="loc_pnm_NMPRCMember_C8F32E68AF0EFE514E7754FAC82AD607" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:to="loc_pnm_NMPRCMember_C8F32E68AF0EFE514E7754FAC82AD607" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamAxis" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamDomain" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:to="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamDomain" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:to="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RefinedCoalMember" xlink:label="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:to="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" xlink:label="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_49F8822E8A61B8BD493554FAC82AB929" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:to="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_49F8822E8A61B8BD493554FAC82AB929" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActBalancedDraftTechnologyMember" xlink:label="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:to="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSncrMember" xlink:label="loc_pnm_CleanAirActSncrMember_6F72DB4400A34648011F54FAC82A94F1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:to="loc_pnm_CleanAirActSncrMember_6F72DB4400A34648011F54FAC82A94F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits1And4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits1And4Member_5DD707055F77C0980F0C54FAC82B840E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationUnits1And4Member_5DD707055F77C0980F0C54FAC82B840E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_7EF34EF908247DF2ED3254FAC82BDEC8" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationMember_7EF34EF908247DF2ED3254FAC82BDEC8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits2And3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits2And3Member_6F1E9D191979BD20D48254FAC82BFED7" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationUnits2And3Member_6F1E9D191979BD20D48254FAC82BFED7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_EB7A848B00C99F845F0C54FAC82B6048" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_EB7A848B00C99F845F0C54FAC82B6048" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AlvaradosquareMember" xlink:label="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:to="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:to="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2015ElectricRateCaseMember" xlink:label="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2014ElectricRateCaseMember" xlink:label="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardMember" xlink:label="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2017EnergyEfficiencyandLoadManagementProgramMember" xlink:label="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableEnergyRiderMember" xlink:label="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardSupplementalProcurementMember" xlink:label="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandard2014Member" xlink:label="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IntegratedResourcePlan2011Member" xlink:label="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedmeteringinfrastructureMember" xlink:label="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" xlink:label="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:to="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:to="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EE1A485DA7B07E0C76A954FAC82D5A06" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EE1A485DA7B07E0C76A954FAC82D5A06" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRDevelopmentMember" xlink:label="loc_pnm_PNMRDevelopmentMember_8247CCC15CDC4B7053BA54FAC82D711E" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:to="loc_pnm_PNMRDevelopmentMember_8247CCC15CDC4B7053BA54FAC82D711E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_9464E3B5C16EE197036154FAC82D260F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_9464E3B5C16EE197036154FAC82D260F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FutureTestYearPeriod" xlink:label="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount" xlink:label="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease" xlink:label="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage" xlink:label="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberOfMegaWattsPurchased" xlink:label="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_AAC81F5537717879722654FAC82EEF27" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_AAC81F5537717879722654FAC82EEF27" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetbookvalueCapitalimprovements" xlink:label="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetBookValue" xlink:label="loc_pnm_NetBookValue_F3D42C29E35847D3EB8E54FAC82EF214" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NetBookValue_F3D42C29E35847D3EB8E54FAC82EF214" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesDisallowedleaseholdimprovements" xlink:label="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedleaseacquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_8EFE63FF3B83E49C33D454FAC82E83AA" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_8EFE63FF3B83E49C33D454FAC82E83AA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualpropertytaxexpense" xlink:label="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualrentexpense" xlink:label="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_B932B7BF5C9408141D4C54FAC82EB59A" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_B932B7BF5C9408141D4C54FAC82EB59A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Leasetermextensionperiod" xlink:label="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_75E486B2F31E5487871654FAC82FD368" xlink:type="locator" />
    <link:definitionArc order="23" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_75E486B2F31E5487871654FAC82FD368" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology" xlink:label="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="locator" />
    <link:definitionArc order="24" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="locator" />
    <link:definitionArc order="25" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="locator" />
    <link:definitionArc order="26" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="locator" />
    <link:definitionArc order="27" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="locator" />
    <link:definitionArc order="28" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="locator" />
    <link:definitionArc order="29" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision" xlink:label="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="locator" />
    <link:definitionArc order="30" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed" xlink:label="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="locator" />
    <link:definitionArc order="31" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements" xlink:label="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="locator" />
    <link:definitionArc order="32" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="locator" />
    <link:definitionArc order="33" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:label="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="locator" />
    <link:definitionArc order="34" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" xlink:label="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="locator" />
    <link:definitionArc order="35" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofAdditionalSignatories" xlink:label="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="locator" />
    <link:definitionArc order="36" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" xlink:label="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_52B6F6D4D4CF8B8F72FD54FAC83031D1" xlink:type="locator" />
    <link:definitionArc order="37" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_52B6F6D4D4CF8B8F72FD54FAC83031D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance" xlink:label="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="locator" />
    <link:definitionArc order="38" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="locator" />
    <link:definitionArc order="39" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfDiversification" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="locator" />
    <link:definitionArc order="40" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReasonableCostThreshold" xlink:label="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="locator" />
    <link:definitionArc order="41" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="locator" />
    <link:definitionArc order="42" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="locator" />
    <link:definitionArc order="43" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="locator" />
    <link:definitionArc order="44" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawatts" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="locator" />
    <link:definitionArc order="45" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="locator" />
    <link:definitionArc order="46" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="locator" />
    <link:definitionArc order="47" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="locator" />
    <link:definitionArc order="48" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenuefromRenewableenergyrider" xlink:label="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="locator" />
    <link:definitionArc order="49" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="locator" />
    <link:definitionArc order="50" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="locator" />
    <link:definitionArc order="51" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="locator" />
    <link:definitionArc order="52" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund" xlink:label="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="locator" />
    <link:definitionArc order="53" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="locator" />
    <link:definitionArc order="54" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency" xlink:label="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="locator" />
    <link:definitionArc order="55" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnticipatedfutureprofitincentive" xlink:label="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="locator" />
    <link:definitionArc order="56" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="locator" />
    <link:definitionArc order="57" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier" xlink:label="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="locator" />
    <link:definitionArc order="58" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="locator" />
    <link:definitionArc order="59" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="locator" />
    <link:definitionArc order="60" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="locator" />
    <link:definitionArc order="61" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesFrequencyofIRPfilings" xlink:label="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="locator" />
    <link:definitionArc order="62" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp" xlink:label="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="locator" />
    <link:definitionArc order="63" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="locator" />
    <link:definitionArc order="64" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause" xlink:label="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="locator" />
    <link:definitionArc order="65" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="locator" />
    <link:definitionArc order="66" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts" xlink:label="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="locator" />
    <link:definitionArc order="67" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoberecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="locator" />
    <link:definitionArc order="68" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedFutureInvestment" xlink:label="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="locator" />
    <link:definitionArc order="69" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofRequestedRates" xlink:label="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="locator" />
    <link:definitionArc order="70" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="locator" />
    <link:definitionArc order="71" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementContractTerm" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="locator" />
    <link:definitionArc order="72" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="locator" />
    <link:definitionArc order="73" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="locator" />
    <link:definitionArc order="74" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="locator" />
    <link:definitionArc order="75" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="locator" />
    <link:definitionArc order="76" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="locator" />
    <link:definitionArc order="77" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts" xlink:label="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="locator" />
    <link:definitionArc order="78" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract" xlink:label="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="locator" />
    <link:definitionArc order="79" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_9ADF780EAD086DA15CEC4B53B0AA461F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:to="loc_us-gaap_SubsequentEventMember_9ADF780EAD086DA15CEC4B53B0AA461F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:to="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:to="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_F1A99D3A6BD6748494BE4B53B065258F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:to="loc_us-gaap_MinimumMember_F1A99D3A6BD6748494BE4B53B065258F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_82740ECD4EF54BC78D824B53B0826F87" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:to="loc_us-gaap_MaximumMember_82740ECD4EF54BC78D824B53B0826F87" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:to="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:to="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E77F53A40B8BA140AC5D4B53B040FF8C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E77F53A40B8BA140AC5D4B53B040FF8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:to="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:to="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" xlink:label="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:to="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedDeploymentCosts" xlink:label="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod" xlink:label="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofadvancedmetersinstalled" xlink:label="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice" xlink:label="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice" xlink:label="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PUCTMember" xlink:label="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:to="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:to="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:to="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_2240B83DA36E1D3552AA07E2AA210347" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_2240B83DA36E1D3552AA07E2AA210347" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:to="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:to="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionCostOfServiceRatesMember" xlink:label="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:to="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue" xlink:label="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue" xlink:label="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeAxis" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeDomain" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:to="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeDomain" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:to="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ServiceBillingsMember" xlink:label="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestChargesMember" xlink:label="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxSharingPaymentsMember" xlink:label="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:to="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:to="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToPnmMember" xlink:label="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToTnmpMember" xlink:label="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToTnmpMember" xlink:label="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TnmpToPnmrMember" xlink:label="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TNMPtoPNMMember" xlink:label="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToPnmrMember" xlink:label="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:to="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SegmentInformation" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:to="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:to="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9878D01777578329D563E7FF353B81C5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9878D01777578329D563E7FF353B81C5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_C7793E476B1E950969E0E7FF353B4ACC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_C7793E476B1E950969E0E7FF353B4ACC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_7BD2A4D0ACFBC79E2821E7FF353B6FE8" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_us-gaap_CorporateAndOtherMember_7BD2A4D0ACFBC79E2821E7FF353B6FE8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationProfitLossAbstract" xlink:label="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GrossMargin" xlink:label="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherOperatingExpenses" xlink:label="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherIncomeDeductionsExcludingInterest" xlink:label="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SegmentInformationTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableLineItems" xlink:label="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableTable" xlink:label="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:to="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:to="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:to="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B026AC6FB424574B77D8502EFE40C68D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B026AC6FB424574B77D8502EFE40C68D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_9B700823101C373D2C47502EFE40C8E3" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_9B700823101C373D2C47502EFE40C8E3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDistributionsToAffiliates" xlink:label="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensation" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:to="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:to="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PerformanceEquityPlanMember" xlink:label="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:to="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RestrictedStockAndPerformanceSharesMember" xlink:label="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:to="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PerformanceSharesMember" xlink:label="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:to="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MarketBasedSharesMember" xlink:label="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:to="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:to="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_FEDB94D4F9BDDB6EC3D535609C7AFA57" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_FEDB94D4F9BDDB6EC3D535609C7AFA57" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:to="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:to="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingStandardsUpdate201609Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:to="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:to="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:to="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:to="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:to="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:to="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ManagementMember" xlink:label="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" xlink:label="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" xlink:label="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:to="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:to="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:to="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:to="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:to="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeAxis" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeDomain" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:to="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2_default" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeDomain" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:to="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor2015and2016Member" xlink:label="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:to="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor20152016and2017Member" xlink:label="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:to="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount" xlink:label="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Performanceperiod" xlink:label="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="locator" />
    <link:definitionArc order="16" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="locator" />
    <link:definitionArc order="17" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock" xlink:label="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="locator" />
    <link:definitionArc order="18" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="locator" />
    <link:definitionArc order="19" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="locator" />
    <link:definitionArc order="20" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="locator" />
    <link:definitionArc order="21" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="locator" />
    <link:definitionArc order="22" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="locator" />
    <link:definitionArc order="23" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="locator" />
    <link:definitionArc order="24" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="locator" />
    <link:definitionArc order="25" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="locator" />
    <link:definitionArc order="26" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="locator" />
    <link:definitionArc order="27" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="locator" />
    <link:definitionArc order="28" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntities" xlink:type="extended" />
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="arc" xbrldt:closed="true" xbrldt:contextElement="segment" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:to="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:to="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_BC5B13EBFB5AFF53767DE3501F9F3E0C" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_BC5B13EBFB5AFF53767DE3501F9F3E0C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_72963550EC68FFE65495E3501FA04044" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_NMCapitalMember_72963550EC68FFE65495E3501FA04044" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UnaffiliatedthirdpartyMember" xlink:label="loc_pnm_UnaffiliatedthirdpartyMember_64D18EFFF30CE22E44F0E3501FA0E5A5" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_UnaffiliatedthirdpartyMember_64D18EFFF30CE22E44F0E3501FA0E5A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:to="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:to="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerAxis" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerDomain" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:to="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerDomain" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:to="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasedThroughMay302028Member" xlink:label="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:to="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_03519D3B37944467B8ACE3501FA0A344" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:to="loc_pnm_SanJuanGeneratingStationMember_03519D3B37944467B8ACE3501FA0A344" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_1B4B2207562171DA3BA4E3501FA073DC" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_1B4B2207562171DA3BA4E3501FA073DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_82D79ECD344AD481D7F1E3501FA0F4B6" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:to="loc_pnm_CoalSupplyMember_82D79ECD344AD481D7F1E3501FA0F4B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169_default" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169_default" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_2A1368EF2DBB75DF56D1E3501FA0F00B" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:to="loc_us-gaap_SubsequentEventMember_2A1368EF2DBB75DF56D1E3501FA0F00B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberOfMegaWattsPurchased" xlink:label="loc_pnm_NumberOfMegaWattsPurchased_E9CA38B8C0C9562CFB8DE3501FA08B9D" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_NumberOfMegaWattsPurchased_E9CA38B8C0C9562CFB8DE3501FA08B9D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Longtermcontractoptiontopurchaseownershippercentage" xlink:label="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="locator" />
    <link:definitionArc order="6" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_19E9AD8DB87958F73F16E3501FA1237F" xlink:type="locator" />
    <link:definitionArc order="7" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_19E9AD8DB87958F73F16E3501FA1237F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Cashusedtosupportbankletterorcreditarrangement" xlink:label="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_62BABAC81A70F32D1A08E3501FA15FCA" xlink:type="locator" />
    <link:definitionArc order="8" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_62BABAC81A70F32D1A08E3501FA15FCA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_555462CA8603A3759F8EE3501FA12140" xlink:type="locator" />
    <link:definitionArc order="9" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_555462CA8603A3759F8EE3501FA12140" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestReceivable" xlink:label="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="locator" />
    <link:definitionArc order="10" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledprincipalpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_C8ECC9D0FF5269DF94BBE3501FA12F5B" xlink:type="locator" />
    <link:definitionArc order="11" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_C8ECC9D0FF5269DF94BBE3501FA12F5B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledinterestpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_ACDADA5FD903DD81EB1DE3501FA158EC" xlink:type="locator" />
    <link:definitionArc order="12" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_ACDADA5FD903DD81EB1DE3501FA158EC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_D30CB5FE57CD2AB3368BE3501FA1AD13" xlink:type="locator" />
    <link:definitionArc order="13" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_RestrictedCash_D30CB5FE57CD2AB3368BE3501FA1AD13" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntityStatementOfOperationAbstract" xlink:label="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="locator" />
    <link:definitionArc order="14" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="locator" />
    <link:definitionArc order="15" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="locator" />
    <link:definitionArc order="1" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="locator" />
    <link:definitionArc order="2" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="locator" />
    <link:definitionArc order="3" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="locator" />
    <link:definitionArc order="4" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="locator" />
    <link:definitionArc order="5" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="arc" />
  </link:definitionLink>
  <link:definitionLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:type="extended" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>19
<FILENAME>pnm-20170930_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple" />
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:type="arc" />
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749_terseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-Based Compensation</link:label>
    <link:label id="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749_label_en-US" xlink:label="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:to="lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:label id="lab_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6_label_en-US" xlink:label="lab_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:to="lab_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="arc" />
    <link:label id="lab_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910_label_en-US" xlink:label="lab_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:to="lab_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="arc" />
    <link:label id="lab_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8_terseLabel_en-US" xlink:label="lab_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8_label_en-US" xlink:label="lab_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:to="lab_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="arc" />
    <link:label id="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED_verboseLabel_en-US" xlink:label="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PNM</link:label>
    <link:label id="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED_label_en-US" xlink:label="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Service Company of New Mexico [Member]</link:label>
    <link:label id="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED_documentation_en-US" xlink:label="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Service Company of New Mexico [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:to="lab_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="arc" />
    <link:label id="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934_terseLabel_en-US" xlink:label="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Texas-New Mexico Power Company</link:label>
    <link:label id="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934_label_en-US" xlink:label="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Texas-New Mexico Power Company [Member]</link:label>
    <link:label id="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934_documentation_en-US" xlink:label="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Texas-New Mexico Power Company [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:to="lab_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C_label_en-US" xlink:label="lab_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="lab_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows From Operating Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Earnings</link:label>
    <link:label id="lab_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B_label_en-US" xlink:label="lab_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:to="lab_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net earnings</link:label>
    <link:label id="lab_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6_label_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:to="lab_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net earnings to net cash flows from operating activities:</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E_label_en-US" xlink:label="lab_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, Depletion and Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:to="lab_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income tax expense</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:to="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72_negatedLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net unrealized (gains) losses on commodity derivatives</link:label>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:to="lab_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Realized (gains) on available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:to="lab_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation expense</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:to="lab_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="arc" />
    <link:label id="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C_terseLabel_en-US" xlink:label="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory disallowances and restructuring costs</link:label>
    <link:label id="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C_label_en-US" xlink:label="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Disallowance</link:label>
    <link:label id="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C_documentation_en-US" xlink:label="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulatory Disallowance</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:to="lab_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Allowance for equity funds used during construction</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Allowance for Equity Funds Used During Construction</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:to="lab_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:to="lab_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in certain assets and liabilities:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48_negatedLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable and unbilled revenues</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease in Accounts Receivable and Unbilled Revenues</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change during the period in the amount due from customers for the credit sale of goods and services; includes accounts receivable billed and unbilled.</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" xlink:label="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:to="lab_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Materials, supplies, and fuel stock</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Inventories</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other current assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Current Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Payable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest and taxes</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Accrued Interest And Taxes</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) In Accrued Interest And Taxes</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccruedInterestAndTaxes" xlink:label="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:to="lab_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other current liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Current Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash flows from operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows From Investing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to utility and non-utility plant</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Productive Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:to="lab_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales of available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale and Maturity of Marketable Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:to="lab_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Marketable Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:to="lab_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="arc" />
    <link:label id="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F_terseLabel_en-US" xlink:label="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Return of principal on PVNGS lessor notes</link:label>
    <link:label id="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F_label_en-US" xlink:label="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Return Of Principal On PVNGS Lessor Notes</link:label>
    <link:label id="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F_documentation_en-US" xlink:label="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Return of principal on PVNGS lessor notes</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReturnOfPrincipalOnPvngsLessorNotes" xlink:label="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:to="lab_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in Westmoreland Loan</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:to="lab_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal repayments on Westmoreland Loan</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Principal Repayments on Loans and Leases Held-for-investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:to="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:to="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash flows from investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows From Financing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facilities borrowings (repayments), net</link:label>
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Repayments of) Lines of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term borrowings (repayments) - affiliate, net</link:label>
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Repayments of) Related Party Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of long-term debt</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:to="lab_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity contribution from parent</link:label>
    <link:label id="lab_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098_label_en-US" xlink:label="lab_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Contributions from Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromContributionsFromParent" xlink:label="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:to="lab_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from stock option exercise</link:label>
    <link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3_label_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Stock Options Exercised</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:to="lab_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Awards of common stock</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:label id="lab_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE_label_en-US" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Ordinary Dividends</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfOrdinaryDividends" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:to="lab_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Valencia&#8217;s transactions with its owner</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Ordinary Dividends, Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:to="lab_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="arc" />
    <link:label id="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB_terseLabel_en-US" xlink:label="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts received under transmission interconnection arrangements</link:label>
    <link:label id="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB_label_en-US" xlink:label="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Transmission Interconnection Arrangements</link:label>
    <link:label id="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB_documentation_en-US" xlink:label="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Transmission Interconnection Arrangements</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ProceedsFromTransmissionInterconnectionArrangements" xlink:label="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:to="lab_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="arc" />
    <link:label id="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9_negatedTerseLabel_en-US" xlink:label="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Refunds paid under transmission interconnection arrangements</link:label>
    <link:label id="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9_label_en-US" xlink:label="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments From Transmission Interconnection Arrangement</link:label>
    <link:label id="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9_documentation_en-US" xlink:label="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayments From Transmission Interconnection Arrangement</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RepaymentsFromTransmissionInterconnectionArrangement" xlink:label="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:to="lab_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:to="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash flows from financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Change in Cash and Cash Equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:to="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents at Beginning of Period</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents at End of Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:type="arc" />
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental Cash Flow Disclosures:</link:label>
    <link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5_label_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="arc" />
    <link:label id="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858_terseLabel_en-US" xlink:label="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest paid, net of amounts capitalized</link:label>
    <link:label id="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858_label_en-US" xlink:label="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest paid net of capitalized interest and net of debt Allowance for Funds Used During Construction</link:label>
    <link:label id="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858_documentation_en-US" xlink:label="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest paid net of capitalized interest and net of debt Allowance for Funds Used During Construction</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction" xlink:label="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:to="lab_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid (refunded), net</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:to="lab_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental schedule of noncash investing activities:</link:label>
    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75_label_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:to="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Increase) decrease in accrued plant additions</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase) Decrease in capital expenditures incurred but not yet paid</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Increase) Decrease in capital expenditures incurred but not yet paid</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid" xlink:label="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:to="lab_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:to="lab_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:type="arc" />
    <link:label id="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD_terseLabel_en-US" xlink:label="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment defaults under agreements</link:label>
    <link:label id="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD_label_en-US" xlink:label="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collaborative Arrangement, Owner Obligations, Default, Amount</link:label>
    <link:label id="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD_documentation_en-US" xlink:label="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Collaborative Arrangement, Owner Obligations, Default, Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CollaborativeArrangementOwnerObligationsDefaultAmount" xlink:label="loc_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:to="lab_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:type="arc" />
    <link:label id="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077_terseLabel_en-US" xlink:label="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains, net of income taxes, recorded in AOCI</link:label>
    <link:label id="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077_label_en-US" xlink:label="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Accumulated Gross Unrealized Gain, Net of Tax, Total</link:label>
    <link:label id="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077_documentation_en-US" xlink:label="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Accumulated Gross Unrealized Gain, Net of Tax, Total</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal" xlink:label="loc_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:to="lab_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends Payable [Table]</link:label>
    <link:label id="lab_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA_label_en-US" xlink:label="lab_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableTable" xlink:label="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:to="lab_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends Payable [Line Items]</link:label>
    <link:label id="lab_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477_label_en-US" xlink:label="lab_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableLineItems" xlink:label="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="lab_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Declared dividends on common stock (dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31_label_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Dividends, Per Share, Declared</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:to="lab_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity contribution</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Distributions to Affiliates</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDistributionsToAffiliates" xlink:label="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:to="lab_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends declared and paid</link:label>
    <link:label id="lab_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC_label_en-US" xlink:label="lab_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends, Common Stock, Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:to="lab_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:to="lab_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="arc" />
    <link:label id="lab_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0_label_en-US" xlink:label="lab_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction, By Transaction Type [Axis]</link:label>
    <link:label id="lab_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0_documentation_en-US" xlink:label="lab_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related Party Transaction, By Transaction Type [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeAxis" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:to="lab_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="arc" />
    <link:label id="lab_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475_label_en-US" xlink:label="lab_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction, by Transaction Type [Domain]</link:label>
    <link:label id="lab_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475_documentation_en-US" xlink:label="lab_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related Party Transaction, by Transaction Type [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeDomain" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="lab_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="arc" />
    <link:label id="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E_terseLabel_en-US" xlink:label="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Services billings:</link:label>
    <link:label id="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E_label_en-US" xlink:label="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Service Billings [Member]</link:label>
    <link:label id="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E_documentation_en-US" xlink:label="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Service Billings [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ServiceBillingsMember" xlink:label="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:to="lab_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="arc" />
    <link:label id="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D_terseLabel_en-US" xlink:label="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest billings:</link:label>
    <link:label id="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D_label_en-US" xlink:label="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Charges [Member]</link:label>
    <link:label id="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D_documentation_en-US" xlink:label="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Charges [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestChargesMember" xlink:label="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:to="lab_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="arc" />
    <link:label id="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B_terseLabel_en-US" xlink:label="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax sharing payments:</link:label>
    <link:label id="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B_label_en-US" xlink:label="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Sharing Payments [Member]</link:label>
    <link:label id="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B_documentation_en-US" xlink:label="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Sharing Payments [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxSharingPaymentsMember" xlink:label="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:to="lab_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="lab_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="arc" />
    <link:label id="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6_terseLabel_en-US" xlink:label="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR to PNM</link:label>
    <link:label id="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6_label_en-US" xlink:label="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pnmr to Pnm [Member]</link:label>
    <link:label id="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6_documentation_en-US" xlink:label="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pnmr to Pnm [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToPnmMember" xlink:label="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:to="lab_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="arc" />
    <link:label id="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482_terseLabel_en-US" xlink:label="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR to TNMP</link:label>
    <link:label id="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482_label_en-US" xlink:label="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pnmr to Tnmp [Member]</link:label>
    <link:label id="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482_documentation_en-US" xlink:label="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pnmr to Tnmp [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToTnmpMember" xlink:label="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:to="lab_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="arc" />
    <link:label id="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247_terseLabel_en-US" xlink:label="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM to TNMP</link:label>
    <link:label id="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247_label_en-US" xlink:label="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pnm to Tnmp [Member]</link:label>
    <link:label id="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247_documentation_en-US" xlink:label="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pnm to Tnmp [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToTnmpMember" xlink:label="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:to="lab_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="arc" />
    <link:label id="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868_terseLabel_en-US" xlink:label="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TNMP to PNMR</link:label>
    <link:label id="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868_label_en-US" xlink:label="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tnmp to Pnmr [Member]</link:label>
    <link:label id="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868_documentation_en-US" xlink:label="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tnmp to Pnmr [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TnmpToPnmrMember" xlink:label="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:to="lab_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="arc" />
    <link:label id="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4_terseLabel_en-US" xlink:label="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TNMP to PNM</link:label>
    <link:label id="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4_label_en-US" xlink:label="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TNMP to PNM [Member]</link:label>
    <link:label id="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4_documentation_en-US" xlink:label="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TNMP to PNM [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TNMPtoPNMMember" xlink:label="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:to="lab_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="arc" />
    <link:label id="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D_terseLabel_en-US" xlink:label="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM to PNMR</link:label>
    <link:label id="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D_label_en-US" xlink:label="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pnm to Pnmr [Member]</link:label>
    <link:label id="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D_documentation_en-US" xlink:label="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pnm to Pnmr [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToPnmrMember" xlink:label="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:to="lab_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:to="lab_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of related party transaction</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Amounts of Transaction</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:to="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="lab_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:label id="lab_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177_label_en-US" xlink:label="lab_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:to="lab_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="arc" />
    <link:label id="lab_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5_terseLabel_en-US" xlink:label="lab_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:label id="lab_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5_label_en-US" xlink:label="lab_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plan Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:to="lab_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="arc" />
    <link:label id="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568_terseLabel_en-US" xlink:label="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance Equity Plan</link:label>
    <link:label id="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568_label_en-US" xlink:label="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Equity Plan [Member]</link:label>
    <link:label id="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568_documentation_en-US" xlink:label="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Equity Plan [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PerformanceEquityPlanMember" xlink:label="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:to="lab_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="arc" />
    <link:label id="lab_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE_terseLabel_en-US" xlink:label="lab_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:label id="lab_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE_label_en-US" xlink:label="lab_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Award Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:to="lab_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Award [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="arc" />
    <link:label id="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55_terseLabel_en-US" xlink:label="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Shares and Performance Based Shares</link:label>
    <link:label id="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55_label_en-US" xlink:label="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Stock and Performance Shares [Member]</link:label>
    <link:label id="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55_documentation_en-US" xlink:label="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted Stock and Performance Shares [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RestrictedStockAndPerformanceSharesMember" xlink:label="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:to="lab_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Stock</link:label>
    <link:label id="lab_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C_label_en-US" xlink:label="lab_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:to="lab_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="arc" />
    <link:label id="lab_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0_terseLabel_en-US" xlink:label="lab_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance Shares</link:label>
    <link:label id="lab_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0_label_en-US" xlink:label="lab_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Shares [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PerformanceSharesMember" xlink:label="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:to="lab_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="arc" />
    <link:label id="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21_terseLabel_en-US" xlink:label="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market-Based Shares</link:label>
    <link:label id="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21_label_en-US" xlink:label="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market-Based Shares [Member]</link:label>
    <link:label id="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21_documentation_en-US" xlink:label="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market-Based Shares [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MarketBasedSharesMember" xlink:label="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:to="lab_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="arc" />
    <link:label id="lab_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options</link:label>
    <link:label id="lab_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE_label_en-US" xlink:label="lab_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Stock Option [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:to="lab_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="arc" />
    <link:label id="lab_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B_verboseLabel_en-US" xlink:label="lab_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TNMP</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:to="lab_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncements [Axis]</link:label>
    <link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F_label_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for New Accounting Pronouncements [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:to="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="arc" />
    <link:label id="lab_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Adoption [Domain]</link:label>
    <link:label id="lab_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564_label_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Adoption [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:to="lab_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5_terseLabel_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Standards Update 2016-09</link:label>
    <link:label id="lab_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5_label_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Standards Update 2016-09 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingStandardsUpdate201609Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:to="lab_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:to="lab_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:label id="lab_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E_label_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:to="lab_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="arc" />
    <link:label id="lab_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained Earnings</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:to="lab_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294_label_en-US" xlink:label="lab_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of Individual [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:to="lab_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="arc" />
    <link:label id="lab_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1_label_en-US" xlink:label="lab_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Relationship to Entity [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="lab_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7_terseLabel_en-US" xlink:label="lab_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive</link:label>
    <link:label id="lab_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7_label_en-US" xlink:label="lab_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ManagementMember" xlink:label="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:to="lab_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="arc" />
    <link:label id="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D_terseLabel_en-US" xlink:label="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Chairman, President, and Chief Executive Officer</link:label>
    <link:label id="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D_label_en-US" xlink:label="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Chairman, President, and Chief Executive Officer [Member]</link:label>
    <link:label id="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D_documentation_en-US" xlink:label="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Chairman, President, and Chief Executive Officer [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" xlink:label="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:to="lab_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="arc" />
    <link:label id="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA_terseLabel_en-US" xlink:label="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive Vice President and Chief Financial Officer</link:label>
    <link:label id="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA_label_en-US" xlink:label="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive Vice President and Chief Financial Officer [Member]</link:label>
    <link:label id="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA_documentation_en-US" xlink:label="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Executive Vice President and Chief Financial Officer [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" xlink:label="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:to="lab_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:to="lab_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:to="lab_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common stock</link:label>
    <link:label id="lab_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B_label_en-US" xlink:label="lab_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:to="lab_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="arc" />
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B_terseLabel_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Axis]</link:label>
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B_label_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Axis]</link:label>
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B_documentation_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:to="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="arc" />
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31_terseLabel_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Domain]</link:label>
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31_label_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Domain]</link:label>
    <link:label id="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31_documentation_en-US" xlink:label="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieved Specified Improvement in Total Shareholder Return Time Frame [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="lab_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="arc" />
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE_terseLabel_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieves a specified improvement in total shareholder return at the end of 2016 compared to 2011 and she remains an employee</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE_label_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieves a specified improvement in total shareholder return at the end of 2016 compared to 2011 and she remains an employee [Member]</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE_documentation_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieves a specified improvement in total shareholder return at the end of 2016 compared to 2011 and she remains an employee [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:to="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="arc" />
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4_terseLabel_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieves specified improvement in total shareholder return at end of 2014 compared to 2011 and she remains employee</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4_label_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieves Specified Improvement In Total Shareholder Return At End Of 2014 Compared To 2011 And She Remains Employee [Member]</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4_documentation_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieves Specified Improvement In Total Shareholder Return At End Of 2014 Compared To 2011 And She Remains Employee [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:to="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="arc" />
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE_terseLabel_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieves specified improvement In total shareholder return at end of 2015 compared to 2011 and she remains employee</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE_label_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieves Specified Improvement In Total Shareholder Return At End Of 2015 Compared To 2011 And She Remains Employee [Member]</link:label>
    <link:label id="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE_documentation_en-US" xlink:label="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieves Specified Improvement In Total Shareholder Return At End Of 2015 Compared To 2011 And She Remains Employee [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:to="lab_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="arc" />
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A_terseLabel_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2019 and she remains an employee</link:label>
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A_label_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2019 and she remains an employee [Member]</link:label>
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A_documentation_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2019 and she remains an employee [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:to="lab_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="arc" />
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76_terseLabel_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2017 and she remains an employee</link:label>
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76_label_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2017 and she remains an employee [Member] [Member]</link:label>
    <link:label id="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76_documentation_en-US" xlink:label="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieves a specific performance target by the end of 2017 and she remains an employee [Member] [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:to="lab_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="arc" />
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D_terseLabel_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved specified performance target time frame [Axis]</link:label>
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D_label_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved specified performance target time frame [Axis]</link:label>
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D_documentation_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieved specified performance target time frame [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeAxis" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:to="lab_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="arc" />
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2_terseLabel_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved specified performance target time frame [Domain]</link:label>
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2_label_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved specified performance target time frame [Domain]</link:label>
    <link:label id="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2_documentation_en-US" xlink:label="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Achieved specified performance target time frame [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeDomain" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:to="lab_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="arc" />
    <link:label id="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC_terseLabel_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015 and 2016</link:label>
    <link:label id="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC_label_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015 and 2016 [Member]</link:label>
    <link:label id="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC_documentation_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015 and 2016 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor2015and2016Member" xlink:label="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:to="lab_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="arc" />
    <link:label id="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70_terseLabel_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015, 2016 and 2017</link:label>
    <link:label id="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70_label_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015, 2016 and 2017 [Member]</link:label>
    <link:label id="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70_documentation_en-US" xlink:label="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Achieved performance target for 2015, 2016 and 2017 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor20152016and2017Member" xlink:label="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:to="lab_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares granted (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vesting period</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vesting rate</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Vesting Rate</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Vesting Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="arc" />
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized expense related to stock awards</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="arc" />
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time stock expense is expected to be recognized</link:label>
    <link:label id="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489_label_en-US" xlink:label="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:to="lab_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="arc" />
    <link:label id="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E_terseLabel_en-US" xlink:label="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess tax benefits</link:label>
    <link:label id="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E_label_en-US" xlink:label="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount</link:label>
    <link:label id="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E_documentation_en-US" xlink:label="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount" xlink:label="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:to="lab_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="arc" />
    <link:label id="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8_verboseLabel_en-US" xlink:label="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cumulative effect adjustment</link:label>
    <link:label id="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8_label_en-US" xlink:label="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect of New Accounting Principle in Period of Adoption</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:to="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated deferred income taxes</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Liabilities, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:to="lab_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="arc" />
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F_terseLabel_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares granted (in shares)</link:label>
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F_label_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Granted, Included in Shares Outstanding, Number</link:label>
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F_documentation_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Granted, Included in Shares Outstanding, Number</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:to="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="arc" />
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB_terseLabel_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares exercised (in shares)</link:label>
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB_label_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Exercised, Included in Shares Outstanding, Number</link:label>
    <link:label id="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB_documentation_en-US" xlink:label="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Exercised, Included in Shares Outstanding, Number</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:to="lab_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="arc" />
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453_terseLabel_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted percentage assigned to achieving market targets</link:label>
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453_label_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Compensation, weighted percentage assigned to achieving market targets</link:label>
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453_documentation_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based Compensation, weighted percentage assigned to achieving market targets</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:to="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="arc" />
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5_terseLabel_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted percentage assigned to achieving performance targets</link:label>
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5_label_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Compensation, weighted percentage assigned to achieving performance targets</link:label>
    <link:label id="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5_documentation_en-US" xlink:label="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based Compensation, weighted percentage assigned to achieving performance targets</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:to="lab_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares awarded in year 1 (in shares)</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year One</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year One</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares awarded in year 2 (in shares)</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Two</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Two</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares awarded in year 3 (in shares)</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Three</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Three</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="arc" />
    <link:label id="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3_terseLabel_en-US" xlink:label="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance period</link:label>
    <link:label id="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3_label_en-US" xlink:label="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance period</link:label>
    <link:label id="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3_documentation_en-US" xlink:label="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance period</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Performanceperiod" xlink:label="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:to="lab_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares received if achieves specified improvement in total shareholders return (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="arc" />
    <link:label id="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E_terseLabel_en-US" xlink:label="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation arrangement by share-based payment award, purchase price of common stock</link:label>
    <link:label id="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E_label_en-US" xlink:label="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based compensation arrangement by share-based payment award, Purchase price of common stock</link:label>
    <link:label id="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E_documentation_en-US" xlink:label="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based compensation arrangement by share-based payment award, Purchase price of common stock</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock" xlink:label="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:to="lab_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate intrinsic value of stock options outstanding</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average remaining contract life</link:label>
    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4_label_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:to="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of outstanding stock options with an exercise price greater than the closing price (in shares)</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Options Outstanding Shares Above Entities Stock Price</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Options Outstanding Shares Above Entities Stock Price</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected quarterly dividends per share (in dollars per share)</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Expected Quarterly Dividend Rate</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Expected Quarterly Dividend Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free interest rate</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend yield</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Stock, Shares</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Exercised (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705_negatedLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392_negatedLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Expired (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted Stock, Weighted- Average Grant Date Fair Value</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercised (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Expired (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in dollars per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Options, Shares</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Exercised (in shares)</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:to="lab_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in shares)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expired (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in shares)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Options, Weighted- Average Exercise Price</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercised (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expired (in dollars per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in dollars per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant date fair value (in dollars per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total fair value of restricted shares that vested</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average grant date fair value of options granted (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="arc" />
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA_terseLabel_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total fair value of options that vested</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA_label_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Total Fair Value</link:label>
    <link:label id="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA_documentation_en-US" xlink:label="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Total Fair Value</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:to="lab_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total intrinsic value of options exercised</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies [Table]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819_label_en-US" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Nature [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:to="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:label id="lab_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D_label_en-US" xlink:label="lab_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Nature [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:to="lab_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="arc" />
    <link:label id="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA_terseLabel_en-US" xlink:label="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nuclear spent fuel and waste disposal</link:label>
    <link:label id="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA_label_en-US" xlink:label="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nuclear Spent Fuel And Waste Disposal [Member]</link:label>
    <link:label id="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA_documentation_en-US" xlink:label="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nuclear Spent Fuel And Waste Disposal [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearSpentFuelAndWasteDisposalMember" xlink:label="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:to="lab_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830_terseLabel_en-US" xlink:label="lab_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jointly Owned Utility Plant [Axis]</link:label>
    <link:label id="lab_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830_label_en-US" xlink:label="lab_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jointly Owned Utility Plant [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:to="lab_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="arc" />
    <link:label id="lab_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C_terseLabel_en-US" xlink:label="lab_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jointly Owned Utility Plant [Domain]</link:label>
    <link:label id="lab_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C_label_en-US" xlink:label="lab_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jointly Owned Utility Plant [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:to="lab_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="arc" />
    <link:label id="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912_terseLabel_en-US" xlink:label="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Axis]</link:label>
    <link:label id="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912_label_en-US" xlink:label="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Axis]</link:label>
    <link:label id="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912_documentation_en-US" xlink:label="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationAxis" xlink:label="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:to="lab_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="arc" />
    <link:label id="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB_terseLabel_en-US" xlink:label="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Domain]</link:label>
    <link:label id="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB_label_en-US" xlink:label="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Domain]</link:label>
    <link:label id="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB_documentation_en-US" xlink:label="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Statement Location [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationDomain" xlink:label="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:to="lab_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="arc" />
    <link:label id="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047_terseLabel_en-US" xlink:label="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other deferred credits</link:label>
    <link:label id="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047_label_en-US" xlink:label="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Deferred Credits [Member]</link:label>
    <link:label id="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047_documentation_en-US" xlink:label="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Deferred Credits [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCreditsMember" xlink:label="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:to="lab_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments And Contingencies [Line Items]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments And Contingencies [Line Items]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments And Contingencies [Line Items]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimate of possible loss</link:label>
    <link:label id="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D_label_en-US" xlink:label="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Estimate of Possible Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:to="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss contingency accrual</link:label>
    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6_label_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Accrual</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:to="lab_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="arc" />
    <link:label id="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914_terseLabel_en-US" xlink:label="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revised annual fee, nuclear waste disposal</link:label>
    <link:label id="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914_label_en-US" xlink:label="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revised Annual Fee, Nuclear Waste Disposal</link:label>
    <link:label id="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914_documentation_en-US" xlink:label="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revised Annual Fee, Nuclear Waste Disposal</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RevisedAnnualFeeNuclearWasteDisposal" xlink:label="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:to="lab_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="arc" />
    <link:label id="lab_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD_label_en-US" xlink:label="lab_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value of Derivative and Other Financial Instruments [Abstract]</link:label>
    <link:label id="lab_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD_documentation_en-US" xlink:label="lab_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value of Derivative and Other Financial Instruments [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="lab_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Derivatives</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:to="lab_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of Mark-to-Market on Earnings, Excluding Tax Effects</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:to="lab_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Net Buy (Sell) Volume Positions</link:label>
    <link:label id="lab_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F_label_en-US" xlink:label="lab_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:to="lab_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Value and Gross Unrealized Gains in Available-for-sale Securities</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Gross Realized Gains and Losses</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Realized Gain (Loss) [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:to="lab_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:type="arc" />
    <link:label id="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments Classified by Contractual Maturity Date</link:label>
    <link:label id="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF_label_en-US" xlink:label="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments Classified by Contractual Maturity Date [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:to="lab_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Investments</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Carrying Amount and Fair Value of Items Not Recorded at Fair Value</link:label>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:to="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22_label_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:to="lab_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Financial Information by Segment</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:to="lab_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:to="lab_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Unrealized holding gains (losses) arising during the period, income tax (expense) benefit</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustment for (gains) losses included in net earnings, income tax expense (benefit)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Pension liability adjustment, income tax expense (benefit)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:to="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in fair market value, income tax (expense) benefit</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustment for (gains) losses included in net earnings (loss), income tax expense (benefit)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="arc" />
    <link:label id="lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D_label_en-US" xlink:label="lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill and Intangible Assets Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:to="lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:type="arc" />
    <link:label id="lab_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B_label_en-US" xlink:label="lab_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillDisclosureTextBlock" xlink:label="loc_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:to="lab_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB_label_en-US" xlink:label="lab_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulated Operations [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:to="lab_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities General Disclosures [Table]</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities General Disclosures [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="lab_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory Agency [Axis]</link:label>
    <link:label id="lab_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E_label_en-US" xlink:label="lab_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Agency [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:to="lab_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory Agency [Domain]</link:label>
    <link:label id="lab_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C_label_en-US" xlink:label="lab_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Agency [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:to="lab_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="arc" />
    <link:label id="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35_terseLabel_en-US" xlink:label="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PUCT</link:label>
    <link:label id="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35_label_en-US" xlink:label="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PUCT [Member]</link:label>
    <link:label id="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35_documentation_en-US" xlink:label="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PUCT [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PUCTMember" xlink:label="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:to="lab_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="arc" />
    <link:label id="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90_terseLabel_en-US" xlink:label="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Regulatory Rate Matters [Axis]</link:label>
    <link:label id="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90_label_en-US" xlink:label="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Regulatory Rate Matters [Axis]</link:label>
    <link:label id="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90_documentation_en-US" xlink:label="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Regulatory Rate Matters [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:to="lab_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="arc" />
    <link:label id="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130_terseLabel_en-US" xlink:label="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory Rate Matters [Domain]</link:label>
    <link:label id="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130_label_en-US" xlink:label="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Rate Matters [Domain]</link:label>
    <link:label id="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130_documentation_en-US" xlink:label="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulatory Rate Matters [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:to="lab_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="arc" />
    <link:label id="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9_terseLabel_en-US" xlink:label="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transmission Cost of Service Rates</link:label>
    <link:label id="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9_label_en-US" xlink:label="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transmission Cost of Service Rates [Member]</link:label>
    <link:label id="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9_documentation_en-US" xlink:label="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transmission Cost of Service Rates [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionCostOfServiceRatesMember" xlink:label="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:to="lab_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, General Disclosures [Line Items]</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, General Disclosures [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="lab_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30_verboseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Approved Increase in Rate Base</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Rate Increase (Decrease), Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:to="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual Increase in Revenue</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Increase Annual Transmission Service Revenue</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Increase Annual Transmission Service Revenue</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue" xlink:label="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:to="lab_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested rate increase (decrease)</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Rate Increase (Decrease), Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:to="lab_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed increase (decrease) in revenues</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Increase (Decrease) in Regulated Operating Revenue</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Increase (Decrease) in Regulated Operating Revenue</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue" xlink:label="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:to="lab_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="arc" />
    <link:label id="lab_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF_label_en-US" xlink:label="lab_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Abstract]</link:label>
    <link:label id="lab_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF_documentation_en-US" xlink:label="lab_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntitiesAbstract" xlink:label="loc_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:to="lab_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entities</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:to="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:type="arc" />
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A_terseLabel_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Axis]</link:label>
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A_label_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Axis]</link:label>
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A_documentation_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:to="lab_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="arc" />
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C_terseLabel_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Domain]</link:label>
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C_label_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Domain]</link:label>
    <link:label id="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C_documentation_en-US" xlink:label="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jointly-Owned Generating Facilities [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:to="lab_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="arc" />
    <link:label id="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12_terseLabel_en-US" xlink:label="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Four Corners</link:label>
    <link:label id="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12_label_en-US" xlink:label="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Corners [Member]</link:label>
    <link:label id="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12_documentation_en-US" xlink:label="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Four Corners [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:to="lab_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="arc" />
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0_terseLabel_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Related to the Environment And Other, Nature [Axis]</link:label>
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0_label_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Related to the Environment And Other, Nature [Axis]</link:label>
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0_documentation_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Related to the Environment And Other, Nature [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:to="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="arc" />
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D_terseLabel_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Related to the Environment And Other [Domain]</link:label>
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D_label_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Related to the Environment And Other [Domain]</link:label>
    <link:label id="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D_documentation_en-US" xlink:label="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Commitments and Contingencies Related to the Environment And Other [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:to="lab_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2_terseLabel_en-US" xlink:label="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in coal mine decommissioning liability</link:label>
    <link:label id="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2_label_en-US" xlink:label="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase in coal mine decommissioning liability [Member]</link:label>
    <link:label id="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2_documentation_en-US" xlink:label="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase in coal mine decommissioning liability [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:to="lab_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="arc" />
    <link:label id="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5_terseLabel_en-US" xlink:label="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mine Reclamation Trust</link:label>
    <link:label id="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5_label_en-US" xlink:label="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mine Reclamation Trust [Member]</link:label>
    <link:label id="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5_documentation_en-US" xlink:label="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mine Reclamation Trust [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MineReclamationTrustMember" xlink:label="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:to="lab_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:to="lab_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:to="lab_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent event</link:label>
    <link:label id="lab_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84_label_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:to="lab_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:to="lab_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:to="lab_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="arc" />
    <link:label id="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43_terseLabel_en-US" xlink:label="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">BTMU Term Loan Agreement</link:label>
    <link:label id="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43_label_en-US" xlink:label="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">BTMU Term Loan Agreement [Member]</link:label>
    <link:label id="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43_documentation_en-US" xlink:label="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">BTMU Term Loan Agreement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_BTMUTermLoanAgreementMember" xlink:label="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:to="lab_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Axis]</link:label>
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE_terseLabel_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Domain]</link:label>
    <link:label id="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE_label_en-US" xlink:label="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Commitment, Excluding Long-term Commitment [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:to="lab_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="arc" />
    <link:label id="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD_terseLabel_en-US" xlink:label="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Coal supply</link:label>
    <link:label id="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD_label_en-US" xlink:label="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Coal Supply [Member]</link:label>
    <link:label id="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD_documentation_en-US" xlink:label="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Coal Supply [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:to="lab_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="arc" />
    <link:label id="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F_terseLabel_en-US" xlink:label="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NM Capital</link:label>
    <link:label id="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F_label_en-US" xlink:label="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NM Capital [Member]</link:label>
    <link:label id="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F_documentation_en-US" xlink:label="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NM Capital [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:to="lab_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="arc" />
    <link:label id="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F_terseLabel_en-US" xlink:label="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unaffiliated third party</link:label>
    <link:label id="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F_label_en-US" xlink:label="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unaffiliated third party [Member]</link:label>
    <link:label id="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F_documentation_en-US" xlink:label="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unaffiliated third party [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UnaffiliatedthirdpartyMember" xlink:label="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:to="lab_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369_terseLabel_en-US" xlink:label="lab_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss on long-term purchase commitment</link:label>
    <link:label id="lab_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369_label_en-US" xlink:label="lab_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss on Long-term Purchase Commitment [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnLongTermPurchaseCommitmentMember" xlink:label="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:to="lab_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:to="lab_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C_verboseLabel_en-US" xlink:label="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">San Juan Coal Company, Westmoreland</link:label>
    <link:label id="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C_label_en-US" xlink:label="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Coal Company, Westmoreland [Member]</link:label>
    <link:label id="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C_documentation_en-US" xlink:label="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Coal Company, Westmoreland [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:to="lab_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="arc" />
    <link:label id="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1_terseLabel_en-US" xlink:label="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classification of Mine [Axis]</link:label>
    <link:label id="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1_label_en-US" xlink:label="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classification of Mine [Axis]</link:label>
    <link:label id="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1_documentation_en-US" xlink:label="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Classification of Mine [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineAxis" xlink:label="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:to="lab_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="arc" />
    <link:label id="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88_terseLabel_en-US" xlink:label="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classification of Mine [Domain]</link:label>
    <link:label id="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88_label_en-US" xlink:label="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classification of Mine [Domain]</link:label>
    <link:label id="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88_documentation_en-US" xlink:label="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Classification of Mine [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:to="lab_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="arc" />
    <link:label id="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45_terseLabel_en-US" xlink:label="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surface</link:label>
    <link:label id="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45_label_en-US" xlink:label="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surface [Member]</link:label>
    <link:label id="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45_documentation_en-US" xlink:label="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Surface [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SurfaceMember" xlink:label="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:to="lab_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="arc" />
    <link:label id="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E_terseLabel_en-US" xlink:label="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Underground</link:label>
    <link:label id="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E_label_en-US" xlink:label="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Underground [Member]</link:label>
    <link:label id="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E_documentation_en-US" xlink:label="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Underground [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UndergroundMember" xlink:label="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:to="lab_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other current assets</link:label>
    <link:label id="lab_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50_label_en-US" xlink:label="lab_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:to="lab_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="arc" />
    <link:label id="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E_terseLabel_en-US" xlink:label="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to fund long-term loans to unaffiliated third party</link:label>
    <link:label id="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E_label_en-US" xlink:label="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to fund long-term loans to unaffiliated third party</link:label>
    <link:label id="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E_documentation_en-US" xlink:label="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments to fund long-term loans to unaffiliated third party</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" xlink:label="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:to="lab_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:to="lab_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan agreement among several entities</link:label>
    <link:label id="lab_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and Leases Receivable, Commitments, Variable Rates</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:to="lab_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate</link:label>
    <link:label id="lab_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5_label_en-US" xlink:label="lab_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:label="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:to="lab_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan receivable</link:label>
    <link:label id="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and Leases Receivable, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:to="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="arc" />
    <link:label id="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C_terseLabel_en-US" xlink:label="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scheduled principal payment proceeds</link:label>
    <link:label id="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C_label_en-US" xlink:label="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Receivable, Scheduled principal payment proceeds</link:label>
    <link:label id="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C_documentation_en-US" xlink:label="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan Receivable, Scheduled principal payment proceeds</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledprincipalpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:to="lab_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="arc" />
    <link:label id="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405_terseLabel_en-US" xlink:label="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scheduled interest payment proceeds</link:label>
    <link:label id="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405_label_en-US" xlink:label="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Receivable, Scheduled interest payment proceeds</link:label>
    <link:label id="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405_documentation_en-US" xlink:label="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan Receivable, Scheduled interest payment proceeds</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledinterestpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:to="lab_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount held in a restricted bank account</link:label>
    <link:label id="lab_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8_label_en-US" xlink:label="lab_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:to="lab_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="arc" />
    <link:label id="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663_terseLabel_en-US" xlink:label="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepayment penalty</link:label>
    <link:label id="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663_label_en-US" xlink:label="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepayment penalty</link:label>
    <link:label id="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663_documentation_en-US" xlink:label="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Prepayment penalty</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Prepaymentpenalty" xlink:label="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:to="lab_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="arc" />
    <link:label id="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D_terseLabel_en-US" xlink:label="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requirement to post reclamation bonds</link:label>
    <link:label id="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D_label_en-US" xlink:label="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Coal Mine Reclamation Bonds to be posted with NMMMD</link:label>
    <link:label id="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D_documentation_en-US" xlink:label="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Coal Mine Reclamation Bonds to be posted with NMMMD</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalMineReclamationBondstobepostedwithNMMMD" xlink:label="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:to="lab_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="arc" />
    <link:label id="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6_terseLabel_en-US" xlink:label="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash used to support bank letter or credit arrangement</link:label>
    <link:label id="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6_label_en-US" xlink:label="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash used to support bank letter or credit arrangement</link:label>
    <link:label id="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6_documentation_en-US" xlink:label="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash used to support bank letter or credit arrangement</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Cashusedtosupportbankletterorcreditarrangement" xlink:label="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:to="lab_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated increase in coal cost</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Increase in Coal Cost, Percentage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Increase in Coal Cost, Percentage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage" xlink:label="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:to="lab_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97_terseLabel_en-US" xlink:label="lab_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of estimated shortfall payment</link:label>
    <link:label id="lab_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97_label_en-US" xlink:label="lab_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecorded Unconditional Purchase Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount" xlink:label="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:to="lab_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="arc" />
    <link:label id="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB_terseLabel_en-US" xlink:label="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense reflected in regulatory disallowances and restructuring costs</link:label>
    <link:label id="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB_label_en-US" xlink:label="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Disallowance, Additional amount recorded</link:label>
    <link:label id="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB_documentation_en-US" xlink:label="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulatory Disallowance, Additional amount recorded</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowanceAdditionalamountrecorded" xlink:label="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:to="lab_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="arc" />
    <link:label id="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0_terseLabel_en-US" xlink:label="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required contribution to Reclamation Trust, current fiscal year</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0_label_en-US" xlink:label="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Current fiscal year</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0_documentation_en-US" xlink:label="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Current fiscal year</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingCurrentfiscalyear" xlink:label="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:to="lab_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="arc" />
    <link:label id="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100_terseLabel_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 2</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100_label_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 2</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100_documentation_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 2</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear2" xlink:label="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:to="lab_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="arc" />
    <link:label id="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5_terseLabel_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 3</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5_label_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 3</link:label>
    <link:label id="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5_documentation_en-US" xlink:label="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclamation Trust Funding, Year 3</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear3" xlink:label="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:to="lab_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of annual installment payments</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of annual installment payments</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of annual installment payments</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofannualinstallmentpayments" xlink:label="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:to="lab_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="arc" />
    <link:label id="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F_terseLabel_en-US" xlink:label="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Final reclamation, capped amount to be collected</link:label>
    <link:label id="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F_label_en-US" xlink:label="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Final Reclamation, capped amount to be collected</link:label>
    <link:label id="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F_documentation_en-US" xlink:label="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Final Reclamation, capped amount to be collected</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinalReclamationCappedAmountToBeCollected" xlink:label="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:to="lab_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory assets</link:label>
    <link:label id="lab_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262_label_en-US" xlink:label="lab_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:to="lab_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="arc" />
    <link:label id="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6_terseLabel_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gas-fired generation facility [Axis]</link:label>
    <link:label id="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6_label_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gas-fired generation facility [Axis]</link:label>
    <link:label id="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6_documentation_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gas-fired generation facility [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityAxis" xlink:label="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:to="lab_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="arc" />
    <link:label id="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91_terseLabel_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gas-fired generation facility [Domain]</link:label>
    <link:label id="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91_label_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gas-fired generation facility [Domain]</link:label>
    <link:label id="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91_documentation_en-US" xlink:label="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Gas-fired generation facility [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityDomain" xlink:label="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:to="lab_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="arc" />
    <link:label id="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C_terseLabel_en-US" xlink:label="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reeves Station</link:label>
    <link:label id="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C_label_en-US" xlink:label="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reeves station [Member]</link:label>
    <link:label id="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C_documentation_en-US" xlink:label="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reeves station [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReevesstationMember" xlink:label="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:to="lab_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2_terseLabel_en-US" xlink:label="lab_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2_label_en-US" xlink:label="lab_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:to="lab_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509_terseLabel_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509_label_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:to="lab_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492_terseLabel_en-US" xlink:label="lab_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plan</link:label>
    <link:label id="lab_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492_label_en-US" xlink:label="lab_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Plan [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioPlanMember" xlink:label="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:to="lab_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="arc" />
    <link:label id="lab_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787_terseLabel_en-US" xlink:label="lab_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy equipment</link:label>
    <link:label id="lab_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787_label_en-US" xlink:label="lab_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Equipment [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EnergyEquipmentMember" xlink:label="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:to="lab_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="arc" />
    <link:label id="lab_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC_terseLabel_en-US" xlink:label="lab_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [Axis]</link:label>
    <link:label id="lab_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC_label_en-US" xlink:label="lab_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:to="lab_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="arc" />
    <link:label id="lab_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF_terseLabel_en-US" xlink:label="lab_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [Domain]</link:label>
    <link:label id="lab_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF_label_en-US" xlink:label="lab_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:to="lab_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="arc" />
    <link:label id="lab_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064_terseLabel_en-US" xlink:label="lab_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064_label_en-US" xlink:label="lab_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:to="lab_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="arc" />
    <link:label id="lab_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8_terseLabel_en-US" xlink:label="lab_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum</link:label>
    <link:label id="lab_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8_label_en-US" xlink:label="lab_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:to="lab_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="arc" />
    <link:label id="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E_terseLabel_en-US" xlink:label="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR Development</link:label>
    <link:label id="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E_label_en-US" xlink:label="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR Development [Member]</link:label>
    <link:label id="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E_documentation_en-US" xlink:label="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR Development [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRDevelopmentMember" xlink:label="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:to="lab_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Axis]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Axis]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:to="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Domain]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Domain]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Commitments and Contingencies by Nature of Expense [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:to="lab_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="arc" />
    <link:label id="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873_terseLabel_en-US" xlink:label="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other Costs</link:label>
    <link:label id="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873_label_en-US" xlink:label="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other PNM Costs [Member]</link:label>
    <link:label id="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873_documentation_en-US" xlink:label="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other PNM Costs [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" xlink:label="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:to="lab_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 1 and 4</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 1 and 4 [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 1 and 4 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits1And4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:to="lab_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 2 and 3</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 2 and 3 [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Units 2 and 3 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits2And3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:to="lab_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 4</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 4 [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 4 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:to="lab_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 3</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 3 [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station Unit 3 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:to="lab_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station Unit 3</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station Unit 3 [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station Unit 3 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit3Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="arc" />
    <link:label id="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1_terseLabel_en-US" xlink:label="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Four Corners Units 4 and 5 (Coal)</link:label>
    <link:label id="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1_label_en-US" xlink:label="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Corners Units 4 and 5 (Coal) [Member]</link:label>
    <link:label id="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1_documentation_en-US" xlink:label="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Four Corners Units 4 and 5 (Coal) [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits4And5CoalMember" xlink:label="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:to="lab_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="arc" />
    <link:label id="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6_terseLabel_en-US" xlink:label="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Four Corners Units 1, 2 and 3 (Coal)</link:label>
    <link:label id="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6_label_en-US" xlink:label="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Corners Units 1, 2 and 3 (Coal) [Member]</link:label>
    <link:label id="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6_documentation_en-US" xlink:label="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Four Corners Units 1, 2 and 3 (Coal) [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits12and3CoalMember" xlink:label="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:to="lab_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="arc" />
    <link:label id="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098_terseLabel_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">San Juan Generating Station and Four Corners</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098_label_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Juan Generating Station And Four Corners [Member]</link:label>
    <link:label id="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098_documentation_en-US" xlink:label="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">San Juan Generating Station And Four Corners [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationAndFourCornersMember" xlink:label="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:to="lab_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act related to regional haze</link:label>
    <link:label id="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133_label_en-US" xlink:label="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act related to Regional Haze [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133_documentation_en-US" xlink:label="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act related to Regional Haze [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToRegionalHazeMember" xlink:label="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:to="lab_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR</link:label>
    <link:label id="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C_label_en-US" xlink:label="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C_documentation_en-US" xlink:label="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSncrMember" xlink:label="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:to="lab_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act, Post-2022 coal supply future rate case</link:label>
    <link:label id="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7_label_en-US" xlink:label="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act, Post-2022 Coal Supply future rate case [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7_documentation_en-US" xlink:label="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act, Post-2022 Coal Supply future rate case [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember" xlink:label="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:to="lab_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR Hearing Examiner, Recommended Denial</link:label>
    <link:label id="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8_label_en-US" xlink:label="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR Hearing Examiner Recommended Denial [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8_documentation_en-US" xlink:label="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act, SNCR Hearing Examiner Recommended Denial [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember" xlink:label="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:to="lab_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act related to post combustion controls</link:label>
    <link:label id="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB_label_en-US" xlink:label="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act Related to Post Combustion Controls [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB_documentation_en-US" xlink:label="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act Related to Post Combustion Controls [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToPostCombustionControlsMember" xlink:label="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:to="lab_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="arc" />
    <link:label id="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420_terseLabel_en-US" xlink:label="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Power Plan</link:label>
    <link:label id="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420_label_en-US" xlink:label="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Power Plan [Member]</link:label>
    <link:label id="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420_documentation_en-US" xlink:label="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Power Plan [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanPowerPlanMember" xlink:label="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:to="lab_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="arc" />
    <link:label id="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12_terseLabel_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, 2015 EPA Legal Settlement</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12_label_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, 2015 EPA Legal Settlement [Member]</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12_documentation_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, 2015 EPA Legal Settlement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:to="lab_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="arc" />
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C_terseLabel_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C_label_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards [Member]</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C_documentation_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:to="lab_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="arc" />
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E_terseLabel_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, 2015 EPA Legal Settlement</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E_label_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, Proposed 2016 SO2 Rule [Member]</link:label>
    <link:label id="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E_documentation_en-US" xlink:label="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">National Ambient Air Quality Standards, Proposed 2016 SO2 Rule [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:to="lab_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="arc" />
    <link:label id="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0_terseLabel_en-US" xlink:label="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">WEG v OSM lawsuit</link:label>
    <link:label id="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0_label_en-US" xlink:label="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">WEG v OSM Lawsuit [Member]</link:label>
    <link:label id="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0_documentation_en-US" xlink:label="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">WEG v OSM Lawsuit [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WEGvOSMLawsuitMember" xlink:label="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:to="lab_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="arc" />
    <link:label id="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2_terseLabel_en-US" xlink:label="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Santa Fe generating station</link:label>
    <link:label id="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2_label_en-US" xlink:label="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Santa Fe generating station [Member]</link:label>
    <link:label id="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2_documentation_en-US" xlink:label="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Santa Fe generating station [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SantaFegeneratingstationMember" xlink:label="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:to="lab_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states to address regional haze (in states)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of States To Address Regional Haze</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of States To Address Regional Haze</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze" xlink:label="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:to="lab_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential to emit tons per year of visibility impairing pollution (in tons, more than)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Potential to emit tons per year of visibility impairing pollution, maximum</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Potential to emit tons per year of visibility impairing pollution, maximum</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum" xlink:label="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:to="lab_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="arc" />
    <link:label id="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936_verboseLabel_en-US" xlink:label="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Installation costs</link:label>
    <link:label id="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936_label_en-US" xlink:label="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Installation Capital Costs</link:label>
    <link:label id="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936_documentation_en-US" xlink:label="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Installation Capital Costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:to="lab_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current ownership interest (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Current ownership interest, in Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Current ownership interest, in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentownershipinterestinMegawatts" xlink:label="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:to="lab_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time period to recover retired units' remaining net book value</link:label>
    <link:label id="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5_label_en-US" xlink:label="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Time Period to Recover Retired Units remaining NBV</link:label>
    <link:label id="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Time Period to Recover Retired Units remaining NBV</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV" xlink:label="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:to="lab_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recovery percentage of estimated undepreciated value at 12/31/17</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Recovery Percentage of Estimated undepreciated value at 12/31/17</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Recovery Percentage of Estimated undepreciated value at 12/31/17</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:to="lab_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional ownership to be obtained (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Additional Ownership To Be Obtained, in Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Additional Ownership To Be Obtained, in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts" xlink:label="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:to="lab_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated rate base value</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated rate base value at 1/1/2018</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated rate base value at 1/1/2018</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedratebasevalueat112018" xlink:label="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:to="lab_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatts nuclear generation (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Megawatts Nuclear Generation</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Megawatts Nuclear Generation</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:to="lab_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated undepreciated value at 12/31/17</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated undepreciated value at 12/31/17</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated undepreciated value at 12/31/17</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:to="lab_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time agreed to by all parties to settle rate case</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Period of time agreed to by all parties to settle rate case</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Period of time agreed to by all parties to settle rate case</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase" xlink:label="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:to="lab_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="arc" />
    <link:label id="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426_terseLabel_en-US" xlink:label="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Coal-fired generation (in megawatts)</link:label>
    <link:label id="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426_label_en-US" xlink:label="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">coal-fired generation in Megawatts</link:label>
    <link:label id="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426_documentation_en-US" xlink:label="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">coal-fired generation in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalfiredgenerationinMegawatts" xlink:label="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:to="lab_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatt hours of Renewable Energy Certificates to be acquired and retired (in megawatt hours)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Megawatt-hours of Renewable Energy Certificates to be acquired and retired beginning Jan 2020</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Megawatt-hours of Renewable Energy Certificates to be acquired and retired beginning Jan 2020</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:to="lab_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual cost of Renewable Energy Credits</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual cost of Renewable Energy Credits</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual cost of Renewable Energy Credits</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits" xlink:label="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:to="lab_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated costs to remain unrecovered</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated costs to remain unrecovered</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated costs to remain unrecovered</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoremainunrecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:to="lab_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plant in service, held for future use, and to be abandoned</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Property, Plant and Equipment, Plant in Service</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:to="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A_verboseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Property, Plant and Equipment, Accumulated Depreciation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:to="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="arc" />
    <link:label id="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E_terseLabel_en-US" xlink:label="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net book value</link:label>
    <link:label id="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E_label_en-US" xlink:label="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net book value</link:label>
    <link:label id="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E_documentation_en-US" xlink:label="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net book value</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetBookValue" xlink:label="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:to="lab_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated plant write-off, disallowance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Accumulated plant write-off, disallowance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Accumulated plant write-off, disallowance</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance" xlink:label="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:to="lab_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net carrying value of utility plant</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Net Carrying Value of Utility Plant</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Net Carrying Value of Utility Plant</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNetCarryingValueofUtilityPlant" xlink:label="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:to="lab_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of other joint owners</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of other owner</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of other owner</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofotherowner" xlink:label="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:to="lab_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="arc" />
    <link:label id="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0_terseLabel_en-US" xlink:label="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of ownership held by exiting owners</link:label>
    <link:label id="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0_label_en-US" xlink:label="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of ownership held by exiting owners</link:label>
    <link:label id="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0_documentation_en-US" xlink:label="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of ownership held by exiting owners</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Percentageofownershipheldbyexitingowners" xlink:label="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:to="lab_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership percentage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Ownership Percentage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Ownership Percentage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentage" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:to="lab_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of compliance alternatives</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Compliance alternatives</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Compliance alternatives</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfComplianceAlternatives" xlink:label="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:to="lab_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential acquisition of ownership (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Potential Acquisition of Ownership in Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Potential Acquisition of Ownership in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts" xlink:label="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:to="lab_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Power to be sold to third party (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Concentration Risk, Amount To Sell Due To Agreement</link:label>
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Concentration Risk, Amount To Sell Due To Agreement</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:to="lab_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Costs of installing equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Additions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plant requirement to meet NOx emissions limit (in pounds of NOx per MMBTU)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Plant Requirement to Meet NOx emissions Limit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Plant Requirement to Meet NOx emissions Limit</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:to="lab_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plant requirement to meet opacity limit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Plant Requirement to Meet Opacity Limit, Percentage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Plant Requirement to Meet Opacity Limit, Percentage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:to="lab_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rule imposes opacity limitation on certain fugitive dust emissions from coal and material handling operations</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Rule Imposes Opacity Limitation on Certain Fugitive Dust Emissions From Coal and Material Handling Operations</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Rule Imposes Opacity Limitation on Certain Fugitive Dust Emissions From Coal and Material Handling Operations</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations" xlink:label="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:to="lab_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="arc" />
    <link:label id="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF_terseLabel_en-US" xlink:label="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of potential extension to meet environmental targets</link:label>
    <link:label id="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF_label_en-US" xlink:label="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period of potential extension to submit initial plans to meet environmental targets</link:label>
    <link:label id="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF_documentation_en-US" xlink:label="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period of potential extension to submit initial plans to meet environmental targets</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets" xlink:label="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:to="lab_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="arc" />
    <link:label id="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2_terseLabel_en-US" xlink:label="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states that filed a petition against the Clean Power Plan</link:label>
    <link:label id="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2_label_en-US" xlink:label="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of states that filed a petition against the Clean Power Plan</link:label>
    <link:label id="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2_documentation_en-US" xlink:label="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states that filed a petition against the Clean Power Plan</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan" xlink:label="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:to="lab_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="arc" />
    <link:label id="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B_terseLabel_en-US" xlink:label="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time to act on settlement</link:label>
    <link:label id="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B_label_en-US" xlink:label="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period of time to act on settlement</link:label>
    <link:label id="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B_documentation_en-US" xlink:label="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period of time to act on settlement</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimetoactonsettlement" xlink:label="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:to="lab_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Emissions tons of SO2 per year (more than)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Emissions Tons of SO2 per year</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Emissions Tons of SO2 per year</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEmissionsTonsofSO2peryear" xlink:label="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:to="lab_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One-hour SO2 emissions rate (in pounds per MMBTU)</link:label>
    <link:label id="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A_label_en-US" xlink:label="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, 1-hour SO2 Emissions Rate</link:label>
    <link:label id="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A_documentation_en-US" xlink:label="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, 1-hour SO2 Emissions Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilities1hourSO2EmissionsRate" xlink:label="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:to="lab_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revised SO2 emissions (in pounds per MMBTU)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Revised SO2 Emissions Agreed Upon</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Revised SO2 Emissions Agreed Upon</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon" xlink:label="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:to="lab_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed government standard emission limit (in ozone parts per million)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Government Standard Emission Limit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Government Standard Emission Limit</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:to="lab_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government standard emission limit (in ozone parts per million)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Government Standard Emission Limit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Government Standard Emission Limit</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:to="lab_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="arc" />
    <link:label id="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A_terseLabel_en-US" xlink:label="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time from state designation, to provide implementation plans</link:label>
    <link:label id="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A_label_en-US" xlink:label="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period of time from state designation, to provide implementation plans</link:label>
    <link:label id="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A_documentation_en-US" xlink:label="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period of time from state designation, to provide implementation plans</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimefromstatedesignationtoprovideimplementationplans" xlink:label="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:to="lab_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677_terseLabel_en-US" xlink:label="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of mines impacted</link:label>
    <link:label id="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677_label_en-US" xlink:label="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of mines impacted</link:label>
    <link:label id="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677_documentation_en-US" xlink:label="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of mines impacted</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofminesimpacted" xlink:label="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:to="lab_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A_terseLabel_en-US" xlink:label="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states impacted</link:label>
    <link:label id="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A_label_en-US" xlink:label="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of states impacted</link:label>
    <link:label id="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A_documentation_en-US" xlink:label="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states impacted</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofstatesimpacted" xlink:label="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:to="lab_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121_terseLabel_en-US" xlink:label="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of claims for relief, filed (in lawsuits)</link:label>
    <link:label id="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121_label_en-US" xlink:label="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of claims for relief, filed</link:label>
    <link:label id="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121_documentation_en-US" xlink:label="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of claims for relief, filed</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofclaimsforrelieffiled" xlink:label="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:to="lab_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="arc" />
    <link:label id="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301_terseLabel_en-US" xlink:label="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requirements to be implemented</link:label>
    <link:label id="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301_label_en-US" xlink:label="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Requirements to be implemented</link:label>
    <link:label id="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301_documentation_en-US" xlink:label="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Requirements to be implemented</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Requirementstobeimplemented" xlink:label="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:to="lab_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728_terseLabel_en-US" xlink:label="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of wells with elevated levels of nitrates</link:label>
    <link:label id="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728_label_en-US" xlink:label="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of wells with elevated levels of nitrates</link:label>
    <link:label id="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728_documentation_en-US" xlink:label="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of wells with elevated levels of nitrates</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofwellswithelevatedlevelsofnitrates" xlink:label="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:to="lab_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="arc" />
    <link:label id="lab_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76_label_en-US" xlink:label="lab_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="loc_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:to="lab_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Operating Leased Assets [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF_label_en-US" xlink:label="lab_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Operating Leased Assets [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:label="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="lab_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="arc" />
    <link:label id="lab_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F_terseLabel_en-US" xlink:label="lab_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F_label_en-US" xlink:label="lab_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:to="lab_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="arc" />
    <link:label id="lab_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533_terseLabel_en-US" xlink:label="lab_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533_label_en-US" xlink:label="lab_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Arrangement, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="lab_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases, 31.25 MW</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases 31.2494 MW [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases 31.2494 MW [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases, January 15, 2016</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases, January 15, 2016 [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases, January 15, 2016 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases, 32.76 MW</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases 32.76 MW [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 2 Leases 32.76 MW [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leased Assets [Line Items]</link:label>
    <link:label id="lab_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F_label_en-US" xlink:label="lab_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leased Assets [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:label="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="lab_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59_terseLabel_en-US" xlink:label="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of leases, expiring</link:label>
    <link:label id="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59_label_en-US" xlink:label="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of leases, expiring</link:label>
    <link:label id="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59_documentation_en-US" xlink:label="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of leases, expiring</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofleasesexpiring" xlink:label="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:to="lab_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of leases under which lease term was extended</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of leases under which lease term was extended</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of leases under which lease term was extended</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:to="lab_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of leases under which assets were purchased</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of leases under which assets were purchased</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of leases under which assets were purchased</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:to="lab_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="arc" />
    <link:label id="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940_terseLabel_en-US" xlink:label="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment to lessors</link:label>
    <link:label id="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940_label_en-US" xlink:label="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Price of Leased Asset, Paid</link:label>
    <link:label id="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940_documentation_en-US" xlink:label="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Price of Leased Asset, Paid</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasePriceofLeasedAssetPaid" xlink:label="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:to="lab_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="arc" />
    <link:label id="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D_terseLabel_en-US" xlink:label="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leased capacity to be purchased (in megawatts)</link:label>
    <link:label id="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D_label_en-US" xlink:label="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leased Capacity to be Purchased</link:label>
    <link:label id="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D_documentation_en-US" xlink:label="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leased Capacity to be Purchased</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LeasedCapacitytobePurchased" xlink:label="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:to="lab_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss contingency, lease arrangements (up to)</link:label>
    <link:label id="lab_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0_label_en-US" xlink:label="lab_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Range of Possible Loss, Portion Not Accrued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued" xlink:label="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:to="lab_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="arc" />
    <link:label id="lab_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010_label_en-US" xlink:label="lab_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retirement Benefits [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:to="lab_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Net Benefit Costs</link:label>
    <link:label id="lab_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C_label_en-US" xlink:label="lab_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Net Benefit Costs [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:to="lab_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative [Table]</link:label>
    <link:label id="lab_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0_label_en-US" xlink:label="lab_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="lab_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:to="lab_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:to="lab_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00_terseLabel_en-US" xlink:label="lab_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivatives</link:label>
    <link:label id="lab_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00_label_en-US" xlink:label="lab_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commodity Contract [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:to="lab_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Axis]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:to="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08_label_en-US" xlink:label="lab_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:to="lab_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value hedging</link:label>
    <link:label id="lab_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B_label_en-US" xlink:label="lab_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hedging [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:to="lab_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5_terseLabel_en-US" xlink:label="lab_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Position [Axis]</link:label>
    <link:label id="lab_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5_label_en-US" xlink:label="lab_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Position [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionAxis" xlink:label="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:to="lab_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="arc" />
    <link:label id="lab_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419_terseLabel_en-US" xlink:label="lab_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Position [Domain]</link:label>
    <link:label id="lab_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419_label_en-US" xlink:label="lab_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Position [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionDomain" xlink:label="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:to="lab_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E_terseLabel_en-US" xlink:label="lab_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buy</link:label>
    <link:label id="lab_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E_label_en-US" xlink:label="lab_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongMember" xlink:label="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:to="lab_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7_terseLabel_en-US" xlink:label="lab_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sell</link:label>
    <link:label id="lab_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7_label_en-US" xlink:label="lab_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortMember" xlink:label="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:to="lab_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:label id="lab_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E_label_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="lab_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Economic Hedges (in mmbtu and mwh)</link:label>
    <link:label id="lab_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D_label_en-US" xlink:label="lab_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Nonmonetary Notional Amount, Energy Measure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure" xlink:label="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:to="lab_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net exposure</link:label>
    <link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B_label_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Net Liability Position, Aggregate Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:to="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Defined Benefit Plans Disclosures [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Defined Benefit Plans Disclosures [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="lab_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="arc" />
    <link:label id="lab_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4_terseLabel_en-US" xlink:label="lab_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Axis]</link:label>
    <link:label id="lab_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4_label_en-US" xlink:label="lab_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:to="lab_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="arc" />
    <link:label id="lab_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63_terseLabel_en-US" xlink:label="lab_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Domain]</link:label>
    <link:label id="lab_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63_label_en-US" xlink:label="lab_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retirement Plan Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="lab_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="arc" />
    <link:label id="lab_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A_terseLabel_en-US" xlink:label="lab_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension Plan</link:label>
    <link:label id="lab_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A_label_en-US" xlink:label="lab_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Plan [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:to="lab_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85_terseLabel_en-US" xlink:label="lab_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OPEB Plan</link:label>
    <link:label id="lab_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85_label_en-US" xlink:label="lab_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Postretirement Benefits Plan [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:to="lab_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD_terseLabel_en-US" xlink:label="lab_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Executive Retirement Program</link:label>
    <link:label id="lab_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD_label_en-US" xlink:label="lab_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Pension Plan [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:to="lab_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Disclosure [Line Items]</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Disclosure [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="lab_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of Net Periodic Benefit Cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Service cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Service Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:to="lab_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Interest Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:to="lab_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expected return on plan assets</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Return (Loss) on Plan Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortization of net (gain) loss</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Amortization of Gain (Loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:to="lab_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of prior service cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Amortization of Prior Service Cost (Credit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:to="lab_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277_totalLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Periodic Benefit Cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Net Periodic Benefit Cost (Credit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:to="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions by employer</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Plan Assets, Contributions by Employer</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:to="lab_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="arc" />
    <link:label id="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267_terseLabel_en-US" xlink:label="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total expected employer contributions for future fiscal years</link:label>
    <link:label id="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267_label_en-US" xlink:label="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Estimated Future Employer Contributions in Year Two Through Year Five</link:label>
    <link:label id="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267_documentation_en-US" xlink:label="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Estimated Future Employer Contributions in Year Two Through Year Five</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive" xlink:label="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:to="lab_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assumptions used calculating net periodic benefit cost, discount rate</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:label="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:to="lab_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="arc" />
    <link:label id="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E_terseLabel_en-US" xlink:label="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total expected employer contributions for fiscal year</link:label>
    <link:label id="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E_label_en-US" xlink:label="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Total Expected Employer Contributions for Fiscal Year</link:label>
    <link:label id="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E_documentation_en-US" xlink:label="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan Total Expected Employer Contributions for Fiscal Year</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear" xlink:label="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:to="lab_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Contingency [Table]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786_label_en-US" xlink:label="lab_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Contingency [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyTable" xlink:label="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="lab_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="arc" />
    <link:label id="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8_terseLabel_en-US" xlink:label="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NMPRC</link:label>
    <link:label id="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8_label_en-US" xlink:label="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NMPRC [Member]</link:label>
    <link:label id="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8_documentation_en-US" xlink:label="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NMPRC [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMPRCMember" xlink:label="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:to="lab_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Authority, Name [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2_label_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority, Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameAxis" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:to="lab_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Authority, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6_label_en-US" xlink:label="lab_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Authority, Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:to="lab_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="arc" />
    <link:label id="lab_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893_terseLabel_en-US" xlink:label="lab_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Internal Revenue Service (IRS)</link:label>
    <link:label id="lab_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893_label_en-US" xlink:label="lab_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Internal Revenue Service (IRS) [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InternalRevenueServiceIRSMember" xlink:label="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:to="lab_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="lab_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48_terseLabel_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate and Other</link:label>
    <link:label id="lab_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48_label_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate and Other [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:to="lab_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="arc" />
    <link:label id="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B_terseLabel_en-US" xlink:label="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM</link:label>
    <link:label id="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B_label_en-US" xlink:label="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNM (Segment) [Member]</link:label>
    <link:label id="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B_documentation_en-US" xlink:label="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNM (Segment) [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMSegmentMember" xlink:label="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:to="lab_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Contingency [Line Items]</link:label>
    <link:label id="lab_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871_label_en-US" xlink:label="lab_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Contingency [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyLineItems" xlink:label="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="lab_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:type="arc" />
    <link:label id="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42_terseLabel_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate before change in 2013</link:label>
    <link:label id="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42_label_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate, 2014</link:label>
    <link:label id="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42_documentation_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate, 2014</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrate2014" xlink:label="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:to="lab_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="arc" />
    <link:label id="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567_terseLabel_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate, effective by 2018</link:label>
    <link:label id="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567_label_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate, effective by 2018</link:label>
    <link:label id="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567_documentation_en-US" xlink:label="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Mexico Corporate tax rate, effective by 2018</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrateeffectiveby2018" xlink:label="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:to="lab_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in regulatory liability</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/Decrease in regulatory liability due to change in state corporate tax rate</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase/Decrease in regulatory liability due to change in state corporate tax rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate" xlink:label="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:to="lab_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in deferred tax assets as a result of tax rate changes</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/Decrease in deferred tax asset not related to regulatory activity, as a result of tax rate changes</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase/Decrease in deferred tax asset not related to regulatory activity, as a result of tax rate changes</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges" xlink:label="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:to="lab_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in tax expense due to tax rate change (less than for 2017)</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase/Decrease in Income Tax expense due to tax rate change</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase/Decrease in Income Tax expense due to tax rate change</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange" xlink:label="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:to="lab_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time for proposed return to customers the benefit of the reduction in New Mexico's corporate income tax rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Term to Provide Customers with Benefits Related to Reduction in State Corporate Income Tax Rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Term to Provide Customers with Benefits Related to Reduction in State Corporate Income Tax Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" xlink:label="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:to="lab_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating loss carryforward</link:label>
    <link:label id="lab_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02_label_en-US" xlink:label="lab_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:to="lab_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net refunds received from the IRS</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Income Tax Refunds</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIncomeTaxRefunds" xlink:label="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:to="lab_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in interest receivable</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Interest and Dividends Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:to="lab_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income, Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:to="lab_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B_label_en-US" xlink:label="lab_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense, Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:to="lab_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9_terseLabel_en-US" xlink:label="lab_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Professional fees</link:label>
    <link:label id="lab_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9_label_en-US" xlink:label="lab_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Professional Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:to="lab_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net pre-tax impacts, liability (refund)</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E_label_en-US" xlink:label="lab_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xlink:label="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:to="lab_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="arc" />
    <link:label id="lab_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4_terseLabel_en-US" xlink:label="lab_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension and Other Postretirement Benefit Plans</link:label>
    <link:label id="lab_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4_label_en-US" xlink:label="lab_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension and Other Postretirement Benefits Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:to="lab_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principles of Consolidation</link:label>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6_label_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:to="lab_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends on Common Stock</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityPolicyTextBlock" xlink:label="loc_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:to="lab_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:type="arc" />
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements</link:label>
    <link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:to="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entities</link:label>
    <link:label id="lab_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878_label_en-US" xlink:label="lab_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Variable Interest Entity, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:label="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:to="lab_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transactions</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:to="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:type="arc" />
    <link:label id="lab_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2_terseLabel_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:label id="lab_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2_label_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:to="lab_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC_terseLabel_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:label id="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC_label_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:to="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="arc" />
    <link:label id="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB_terseLabel_en-US" xlink:label="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tri-State</link:label>
    <link:label id="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB_label_en-US" xlink:label="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tri-State [Member]</link:label>
    <link:label id="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB_documentation_en-US" xlink:label="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tri-State [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TriStateMember" xlink:label="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:to="lab_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="arc" />
    <link:label id="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3_terseLabel_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Axis]</link:label>
    <link:label id="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3_label_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Axis]</link:label>
    <link:label id="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3_documentation_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostAxis" xlink:label="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:to="lab_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="arc" />
    <link:label id="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9_terseLabel_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Domain]</link:label>
    <link:label id="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9_label_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Domain]</link:label>
    <link:label id="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9_documentation_en-US" xlink:label="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Type of Regulatory Cost [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostDomain" xlink:label="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:to="lab_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="arc" />
    <link:label id="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C_terseLabel_en-US" xlink:label="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disincentives/Incentives Adder</link:label>
    <link:label id="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C_label_en-US" xlink:label="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disincentives / Incentives Adder [Member]</link:label>
    <link:label id="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C_documentation_en-US" xlink:label="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disincentives / Incentives Adder [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DisincentivesIncentivesAdderMember" xlink:label="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:to="lab_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utility [Axis]</link:label>
    <link:label id="lab_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92_label_en-US" xlink:label="lab_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utility [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:to="lab_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="arc" />
    <link:label id="lab_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D_terseLabel_en-US" xlink:label="lab_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Utility Plant [Domain]</link:label>
    <link:label id="lab_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D_label_en-US" xlink:label="lab_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Utility Plant [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:to="lab_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="arc" />
    <link:label id="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924_terseLabel_en-US" xlink:label="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Mexico Wind</link:label>
    <link:label id="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924_label_en-US" xlink:label="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Mexico Wind [Member]</link:label>
    <link:label id="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924_documentation_en-US" xlink:label="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Mexico Wind [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoWindMember" xlink:label="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:to="lab_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="arc" />
    <link:label id="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D_terseLabel_en-US" xlink:label="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lightning Dock Geothermal</link:label>
    <link:label id="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D_label_en-US" xlink:label="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lightning Dock Geothermal [Member]</link:label>
    <link:label id="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D_documentation_en-US" xlink:label="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lightning Dock Geothermal [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LightningDockGeothermalMember" xlink:label="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:to="lab_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="arc" />
    <link:label id="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388_terseLabel_en-US" xlink:label="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diversification by Type [Axis]</link:label>
    <link:label id="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388_label_en-US" xlink:label="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diversification by Type [Axis]</link:label>
    <link:label id="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388_documentation_en-US" xlink:label="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Diversification by Type [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeAxis" xlink:label="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:to="lab_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="arc" />
    <link:label id="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97_terseLabel_en-US" xlink:label="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diversification by Type [Domain]</link:label>
    <link:label id="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97_label_en-US" xlink:label="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diversification by Type [Domain]</link:label>
    <link:label id="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97_documentation_en-US" xlink:label="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Diversification by Type [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeDomain" xlink:label="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="lab_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="arc" />
    <link:label id="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6_terseLabel_en-US" xlink:label="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Wind</link:label>
    <link:label id="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6_label_en-US" xlink:label="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wind Energy [Member]</link:label>
    <link:label id="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6_documentation_en-US" xlink:label="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wind Energy [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WindEnergyMember" xlink:label="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:to="lab_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="arc" />
    <link:label id="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A_terseLabel_en-US" xlink:label="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Solar</link:label>
    <link:label id="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A_label_en-US" xlink:label="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Solar Energy [Member]</link:label>
    <link:label id="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A_documentation_en-US" xlink:label="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Solar Energy [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SolarEnergyMember" xlink:label="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:to="lab_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="arc" />
    <link:label id="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678_terseLabel_en-US" xlink:label="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distributed generation</link:label>
    <link:label id="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678_label_en-US" xlink:label="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distributed Generation [Member]</link:label>
    <link:label id="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678_documentation_en-US" xlink:label="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Distributed Generation [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DistributedGenerationMember" xlink:label="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:to="lab_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="arc" />
    <link:label id="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24_terseLabel_en-US" xlink:label="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24_label_en-US" xlink:label="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Renewable Technologies [Member]</link:label>
    <link:label id="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24_documentation_en-US" xlink:label="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Renewable Technologies [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableTechnologiesMember" xlink:label="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:to="lab_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="arc" />
    <link:label id="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C_terseLabel_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Axis]</link:label>
    <link:label id="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C_label_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Axis]</link:label>
    <link:label id="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C_documentation_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionAxis" xlink:label="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:to="lab_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="arc" />
    <link:label id="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0_terseLabel_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Domain]</link:label>
    <link:label id="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0_label_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Domain]</link:label>
    <link:label id="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0_documentation_en-US" xlink:label="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Date of Regulatory Action [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionDomain" xlink:label="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="lab_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="arc" />
    <link:label id="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C_terseLabel_en-US" xlink:label="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required Percentage by 2011</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C_label_en-US" xlink:label="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Required Percentage by 2011 [Member]</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C_documentation_en-US" xlink:label="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Required Percentage by 2011 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2011Member" xlink:label="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:to="lab_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="arc" />
    <link:label id="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB_terseLabel_en-US" xlink:label="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required Percentage by 2015</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB_label_en-US" xlink:label="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Required Percentage by 2015 [Member]</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB_documentation_en-US" xlink:label="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Required Percentage by 2015 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2015Member" xlink:label="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:to="lab_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="arc" />
    <link:label id="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE_terseLabel_en-US" xlink:label="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required Percentage by 2020</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE_label_en-US" xlink:label="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Required Percentage by 2020 [Member]</link:label>
    <link:label id="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE_documentation_en-US" xlink:label="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Required Percentage by 2020 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2020Member" xlink:label="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:to="lab_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue Stream [Axis]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue Stream [Axis]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue Stream [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamAxis" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:to="lab_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue Stream [Domain]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue Stream [Domain]</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Public Utilities, Revenue Stream [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamDomain" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:to="lab_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="arc" />
    <link:label id="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8_terseLabel_en-US" xlink:label="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Refined coal</link:label>
    <link:label id="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8_label_en-US" xlink:label="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refined Coal [Member]</link:label>
    <link:label id="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8_documentation_en-US" xlink:label="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refined Coal [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RefinedCoalMember" xlink:label="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:to="lab_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="arc" />
    <link:label id="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797_terseLabel_en-US" xlink:label="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean Air Act, Balanced Draft Technology</link:label>
    <link:label id="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797_label_en-US" xlink:label="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Clean Air Act, Balanced Draft Technology [Member]</link:label>
    <link:label id="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797_documentation_en-US" xlink:label="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Clean Air Act, Balanced Draft Technology [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActBalancedDraftTechnologyMember" xlink:label="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:to="lab_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="arc" />
    <link:label id="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D_terseLabel_en-US" xlink:label="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alvarado square</link:label>
    <link:label id="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D_label_en-US" xlink:label="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alvarado square [Member]</link:label>
    <link:label id="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D_documentation_en-US" xlink:label="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alvarado square [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AlvaradosquareMember" xlink:label="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:to="lab_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="arc" />
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7_terseLabel_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases, extended</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7_label_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases, extended [Member]</link:label>
    <link:label id="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7_documentation_en-US" xlink:label="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Palo Verde Nuclear Generating Station, Unit 1 Leases, extended [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:to="lab_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="arc" />
    <link:label id="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E_terseLabel_en-US" xlink:label="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015 Electric Rate Case</link:label>
    <link:label id="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E_label_en-US" xlink:label="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2015 Electric Rate Case [Member]</link:label>
    <link:label id="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E_documentation_en-US" xlink:label="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2015 Electric Rate Case [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2015ElectricRateCaseMember" xlink:label="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:to="lab_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="arc" />
    <link:label id="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89_terseLabel_en-US" xlink:label="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2014 Electric Rate Case</link:label>
    <link:label id="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89_label_en-US" xlink:label="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2014 Electric Rate Case [Member]</link:label>
    <link:label id="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89_documentation_en-US" xlink:label="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2014 Electric Rate Case [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2014ElectricRateCaseMember" xlink:label="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:to="lab_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="arc" />
    <link:label id="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB_terseLabel_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB_label_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard [Member]</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB_documentation_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardMember" xlink:label="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:to="lab_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="arc" />
    <link:label id="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A_terseLabel_en-US" xlink:label="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017 Energy Efficiency and Load Management Program</link:label>
    <link:label id="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A_label_en-US" xlink:label="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2017 Energy Efficiency and Load Management Program [Member]</link:label>
    <link:label id="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A_documentation_en-US" xlink:label="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2017 Energy Efficiency and Load Management Program [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2017EnergyEfficiencyandLoadManagementProgramMember" xlink:label="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:to="lab_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="arc" />
    <link:label id="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A_terseLabel_en-US" xlink:label="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Renewable Energy Rider</link:label>
    <link:label id="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A_label_en-US" xlink:label="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Renewable Energy Rider [Member]</link:label>
    <link:label id="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A_documentation_en-US" xlink:label="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Renewable Energy Rider [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableEnergyRiderMember" xlink:label="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:to="lab_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="arc" />
    <link:label id="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20_terseLabel_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard Supplemental Procurement</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20_label_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard Supplemental Procurement [Member]</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20_documentation_en-US" xlink:label="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard Supplemental Procurement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardSupplementalProcurementMember" xlink:label="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:to="lab_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="arc" />
    <link:label id="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45_terseLabel_en-US" xlink:label="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard 2014</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45_label_en-US" xlink:label="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard 2014 [Member]</link:label>
    <link:label id="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45_documentation_en-US" xlink:label="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Renewable Portfolio Standard 2014 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandard2014Member" xlink:label="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:to="lab_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="arc" />
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD_terseLabel_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed 2018 Portfolio</link:label>
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD_label_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Efficiency and Load Management Program, Proposed 2018 Portfolio [Member]</link:label>
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD_documentation_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Efficiency and Load Management Program, Proposed 2018 Portfolio [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:to="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="arc" />
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77_terseLabel_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed 2019 Portfolio</link:label>
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77_label_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Efficiency and Load Management Program, Proposed 2019 Portfolio [Member]</link:label>
    <link:label id="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77_documentation_en-US" xlink:label="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Efficiency and Load Management Program, Proposed 2019 Portfolio [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:to="lab_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="arc" />
    <link:label id="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4_terseLabel_en-US" xlink:label="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Integrated Resource Plan, 2011</link:label>
    <link:label id="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4_label_en-US" xlink:label="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Integrated Resource Plan, 2011 [Member]</link:label>
    <link:label id="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4_documentation_en-US" xlink:label="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Integrated Resource Plan, 2011 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IntegratedResourcePlan2011Member" xlink:label="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:to="lab_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="arc" />
    <link:label id="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F_terseLabel_en-US" xlink:label="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advanced Metering Infrastructure Costs</link:label>
    <link:label id="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F_label_en-US" xlink:label="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advanced metering infrastructure [Member]</link:label>
    <link:label id="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F_documentation_en-US" xlink:label="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advanced metering infrastructure [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedmeteringinfrastructureMember" xlink:label="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:to="lab_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="arc" />
    <link:label id="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23_terseLabel_en-US" xlink:label="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Firm Requirements Wholesale Power Rate Case, Navopache</link:label>
    <link:label id="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23_label_en-US" xlink:label="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Firm Requirements Wholesale Power Rate Case, Navopache [Member] [Member]</link:label>
    <link:label id="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23_documentation_en-US" xlink:label="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Firm Requirements Wholesale Power Rate Case, Navopache [Member] [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" xlink:label="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:to="lab_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="arc" />
    <link:label id="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1_terseLabel_en-US" xlink:label="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future test year period</link:label>
    <link:label id="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1_label_en-US" xlink:label="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Test Year Period</link:label>
    <link:label id="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1_documentation_en-US" xlink:label="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Future Test Year Period</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FutureTestYearPeriod" xlink:label="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:to="lab_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="arc" />
    <link:label id="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671_terseLabel_en-US" xlink:label="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested initial rate increase (decrease)</link:label>
    <link:label id="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671_label_en-US" xlink:label="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pubic Utilities, Requested Rate Increase (Decrease), Initial Increase Amount</link:label>
    <link:label id="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671_documentation_en-US" xlink:label="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pubic Utilities, Requested Rate Increase (Decrease), Initial Increase Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount" xlink:label="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:to="lab_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="arc" />
    <link:label id="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE_terseLabel_en-US" xlink:label="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time after the filing of a rate case application</link:label>
    <link:label id="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE_label_en-US" xlink:label="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future test year period, Revised, Number of days following the filing of application for rate increase</link:label>
    <link:label id="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE_documentation_en-US" xlink:label="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Future test year period, Revised, Number of days following the filing of application for rate increase</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease" xlink:label="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:to="lab_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested rate increase (decrease) of non-fuel revenue</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Rate increase (Decrease), non-fuel amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Rate increase (Decrease), non-fuel amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:to="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hearing examiner's recommended return on equity</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08_label_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommended Return on Equity, Percentage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommended Return on Equity, Percentage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:to="lab_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hearing examiner's recommended rate increase (decrease) of non-fuel revenue</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506_label_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommended Rate increase (Decrease), non-fuel amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommended Rate increase (Decrease), non-fuel amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:to="lab_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested return on equity</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Return on Equity, Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage" xlink:label="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:to="lab_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="arc" />
    <link:label id="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF_terseLabel_en-US" xlink:label="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatts purchased (in megawatts)</link:label>
    <link:label id="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF_label_en-US" xlink:label="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Mega Watts Purchased</link:label>
    <link:label id="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF_documentation_en-US" xlink:label="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Mega Watts Purchased</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberOfMegaWattsPurchased" xlink:label="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:to="lab_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="arc" />
    <link:label id="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7_terseLabel_en-US" xlink:label="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net book value of capitalized improvements</link:label>
    <link:label id="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7_label_en-US" xlink:label="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net book value, Capital improvements</link:label>
    <link:label id="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7_documentation_en-US" xlink:label="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net book value, Capital improvements</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetbookvalueCapitalimprovements" xlink:label="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:to="lab_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disallowance of the recovery underpreciated costs of capitalized leasehold improvements</link:label>
    <link:label id="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91_label_en-US" xlink:label="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Disallowed leasehold improvements</link:label>
    <link:label id="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Disallowed leasehold improvements</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesDisallowedleaseholdimprovements" xlink:label="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:to="lab_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Initial rate base value</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533_label_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved lease acquisition costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved lease acquisition costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedleaseacquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:to="lab_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested rate increase (decrease) for fuel related costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA_label_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Change in Requested Rate increase (Decrease), fuel related costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Change in Requested Rate increase (Decrease), fuel related costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:to="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested rate increase (decrease) for non-fuel related revenues</link:label>
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Change in Requested Rate increase (Decrease), non-fuel amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Change in Requested Rate increase (Decrease), non-fuel amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:to="lab_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hearing examiner's proposed disallowance of recovery</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84_label_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Proposed disallowance, Lease Acquisition costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Proposed disallowance, Lease Acquisition costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:to="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="arc" />
    <link:label id="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F_terseLabel_en-US" xlink:label="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated annual property tax expense</link:label>
    <link:label id="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F_label_en-US" xlink:label="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated annual property tax expense</link:label>
    <link:label id="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F_documentation_en-US" xlink:label="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Estimated annual property tax expense</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualpropertytaxexpense" xlink:label="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:to="lab_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="arc" />
    <link:label id="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF_terseLabel_en-US" xlink:label="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated annual rent expense</link:label>
    <link:label id="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF_label_en-US" xlink:label="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated annual rent expense</link:label>
    <link:label id="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF_documentation_en-US" xlink:label="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Estimated annual rent expense</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualrentexpense" xlink:label="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:to="lab_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="arc" />
    <link:label id="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D_terseLabel_en-US" xlink:label="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease term extension period</link:label>
    <link:label id="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D_label_en-US" xlink:label="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease term extension period</link:label>
    <link:label id="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D_documentation_en-US" xlink:label="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease term extension period</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Leasetermextensionperiod" xlink:label="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:to="lab_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recovery of assumed operating and maintenance expense savings annually</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved recovery, Operating and Maintenance savings related to Balanced Draft Technology</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved recovery, Operating and Maintenance savings related to Balanced Draft Technology</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology" xlink:label="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:to="lab_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="arc" />
    <link:label id="lab_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4_terseLabel_en-US" xlink:label="lab_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Installation Capital Costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:to="lab_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested base rate increase (decrease)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Rate increase (Decrease), Balanced Draft Technology Cost Recovery</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Requested Rate increase (Decrease), Balanced Draft Technology Cost Recovery</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:to="lab_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hearing examiner's recommended amount to not be recovered from retail customers</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2_label_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Proposed disallowance, Lease Abandonment costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Proposed disallowance, Lease Abandonment costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:to="lab_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hearing examiner's recommended percentage of revenue to be credited to customers</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76_label_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommendation, Percentage of revenue to be credited to customers</link:label>
    <link:label id="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Hearing Examiner Recommendation, Percentage of revenue to be credited to customers</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:to="lab_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Approved rate increase (decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:to="lab_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated period of time for supreme court appeal decision</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated period of time for supreme court appeal decision</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated period of time for supreme court appeal decision</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision" xlink:label="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:to="lab_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="arc" />
    <link:label id="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D_terseLabel_en-US" xlink:label="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of time for which capital improvements were disallowed</link:label>
    <link:label id="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D_label_en-US" xlink:label="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period of time for which capital improvements were disallowed</link:label>
    <link:label id="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D_documentation_en-US" xlink:label="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period of time for which capital improvements were disallowed</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed" xlink:label="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:to="lab_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-tax regulatory disallowance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Regulatory Disallowance capital improvements</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Regulatory Disallowance capital improvements</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements" xlink:label="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:to="lab_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-tax regulatory disallowance of costs recorded as regulatory assets and deferred charges</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Regulatory disallowance, Lease Abandonment costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Regulatory disallowance, Lease Abandonment costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:to="lab_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="arc" />
    <link:label id="lab_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53_verboseLabel_en-US" xlink:label="lab_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Approved recovery of net operating loss carryforward</link:label>
    <link:label id="lab_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53_label_en-US" xlink:label="lab_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Adjustments, Settlements, and Unusual Provisions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:label="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:to="lab_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unopposed motion filed for extension of procedural schedule</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15_label_en-US" xlink:label="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Motion Filed for Extension of Procedural Schedule</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Motion Filed for Extension of Procedural Schedule</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" xlink:label="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:to="lab_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of additional signatories</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Additional Signatories</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Additional Signatories</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofAdditionalSignatories" xlink:label="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:to="lab_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Return on equity, regulatory disallowance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993_label_en-US" xlink:label="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Return on Equity, Regulatory Disallowance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Return on Equity, Regulatory Disallowance</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance" xlink:label="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:to="lab_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required percentage of renewable energy in portfolio to electric sales</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Required Percentage of Renewable Energy in Portfolio to Electric Sales</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulated Operations, Required Percentage of Renewable Energy in Portfolio to Electric Sales</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:to="lab_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required percentage of diversification</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Required Percentage of Diversification</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulated Operations, Required Percentage of Diversification</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfDiversification" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:to="lab_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reasonable cost threshold</link:label>
    <link:label id="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454_label_en-US" xlink:label="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Reasonable Cost Threshold</link:label>
    <link:label id="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reasonable Cost Threshold</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReasonableCostThreshold" xlink:label="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:to="lab_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatts of Solar PV facilities</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:to="lab_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatts for wind energy</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Wind Energy Capacity</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Wind Energy Capacity</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:to="lab_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current output in the geothermal facility (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity, Current Output</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity, Current Output</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:to="lab_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Solar generation capacity (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Solar generation capacity in Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Solar generation capacity in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawatts" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:to="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested approval to procure additional gigawatt hours in year 1</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 1</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 1</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:to="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested approval to procure additional gigawatt hours in year 2</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 2</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 2</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:to="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested approval to procure a new solar facilities to be constructed (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Solar Facility Construction, Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Requested Solar Facility Construction, Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:to="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recorded revenues from renewable rider</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue from Renewable energy rider</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue from Renewable energy rider</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenuefromRenewableenergyrider" xlink:label="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:to="lab_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposal to collect funds under renewable energy procurement plan</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Revenue To be Collected Under 2016 Rider Rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Revenue To be Collected Under 2016 Rider Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:to="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual revenue to be collected under rider rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Revenue To be Collected Under 2017 Rider Rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Revenue To be Collected Under 2017 Rider Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:to="lab_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed revision to rider that will allow for recovery</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Proposed Recovery, Amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Renewable Energy Procurement Plan, Proposed Recovery, Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:to="lab_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess return on jurisdictional equity that would require refund</link:label>
    <link:label id="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A_label_en-US" xlink:label="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, excess return on jurisdictional equity that would require refund</link:label>
    <link:label id="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, excess return on jurisdictional equity that would require refund</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund" xlink:label="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:to="lab_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of programs in the proposed program portfolio</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Number of Programs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Number of Programs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Program portfolio's total budget</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Program Costs Related To Energy Efficiency</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Program Costs Related To Energy Efficiency</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency" xlink:label="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:to="lab_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Incentive based on target savings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Anticipated future profit incentive</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Anticipated future profit incentive</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnticipatedfutureprofitincentive" xlink:label="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:to="lab_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Targeted savings (in gigawatt hours)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Targeted Savings, GWh</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Targeted Savings, GWh</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit incentive sliding scale multiplier</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Profit incentive sliding scale multiplier</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Profit incentive sliding scale multiplier</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier" xlink:label="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:to="lab_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit incentive</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Profit Incentive, Minimum</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Profit Incentive, Minimum</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Projected incentive earnings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Projected Earned Incentive</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Projected Earned Incentive</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Targeted savings (in gigawatt hours)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Targeted Energy Savings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency and Load Management Programs, Targeted Energy Savings</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Frequency of IRP filings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB_label_en-US" xlink:label="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Frequency of IRP filings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Frequency of IRP filings</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesFrequencyofIRPfilings" xlink:label="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:to="lab_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Planning period covered of IRP</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Planning Period Covered of IRP</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Planning Period Covered of IRP</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp" xlink:label="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:to="lab_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Action plan, covered period</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D_label_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Integrated Resource Plan, Action Plan, Period</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Integrated Resource Plan, Action Plan, Period</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:to="lab_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="arc" />
    <link:label id="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA_terseLabel_en-US" xlink:label="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notice of Proposed Dismissal, period to show good cause</link:label>
    <link:label id="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA_label_en-US" xlink:label="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Notice of Proposed Dismissal, Period to Show Cause</link:label>
    <link:label id="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA_documentation_en-US" xlink:label="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss Contingency, Notice of Proposed Dismissal, Period to Show Cause</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause" xlink:label="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:to="lab_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of statewide meetings hosted</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52_label_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Integrated Resource Plan, Number of Statewide Meetings</link:label>
    <link:label id="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Integrated Resource Plan, Number of Statewide Meetings</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:to="lab_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Newly identified replacement gas-fired generation (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Newly Identified Replacement Gas-fired Generation, in Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Newly Identified Replacement Gas-fired Generation, in Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts" xlink:label="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:to="lab_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated costs to be recovered</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated costs to be recovered</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated costs to be recovered</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoberecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:to="lab_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated future investment</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Future Investment</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Future Investment</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedFutureInvestment" xlink:label="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:to="lab_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Application filed for new electric service rates</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Requested Rates</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of Requested Rates</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofRequestedRates" xlink:label="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:to="lab_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction of solar generation capacity (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Solar generation capacity in Megawatts, current construction</link:label>
    <link:label id="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Solar generation capacity in Megawatts, current construction</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:to="lab_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of hazard sharing agreement</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Contract Term</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Contract Term</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementContractTerm" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Each party will sell the other party capacity (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Mutual Sales, Number of Megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Mutual Sales, Number of Megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of hours sold (in GWh)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Number of Hours Sold</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Number of Hours Sold</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hours sold (in dollars)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Hours Sold, Amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Hours Sold, Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of hours purchased (in GWh)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Number of Hours Purchased</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Number of Hours Purchased</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hours purchased (in dollars)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Hours Purchased, Amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collaborative Arrangement, Hours Purchased, Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:to="lab_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of megawatts served under a short-term coordination tariff</link:label>
    <link:label id="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733_label_en-US" xlink:label="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Expected average monthly usage in megawatts</link:label>
    <link:label id="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Expected average monthly usage in megawatts</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts" xlink:label="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:to="lab_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue for power sold under PSA</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F_label_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue For Power Sold Under Specific Contract</link:label>
    <link:label id="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Revenue For Power Sold Under Specific Contract</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract" xlink:label="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:to="lab_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E_terseLabel_en-US" xlink:label="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]</link:label>
    <link:label id="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E_label_en-US" xlink:label="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986_label_en-US" xlink:label="lab_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Designation [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:to="lab_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8_label_en-US" xlink:label="lab_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Designation [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:to="lab_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269_terseLabel_en-US" xlink:label="lab_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Designated as Hedging Instrument</link:label>
    <link:label id="lab_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269_label_en-US" xlink:label="lab_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Designated as Hedging Instrument [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:to="lab_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Derivatives Contract Type [Axis]</link:label>
    <link:label id="lab_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51_label_en-US" xlink:label="lab_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Derivatives Contract Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:to="lab_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Derivatives Contract Type [Domain]</link:label>
    <link:label id="lab_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9_label_en-US" xlink:label="lab_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Derivatives Contract Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:to="lab_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hazard sharing arrangement</link:label>
    <link:label id="lab_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965_label_en-US" xlink:label="lab_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Credit Derivatives [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:to="lab_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="arc" />
    <link:label id="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA_terseLabel_en-US" xlink:label="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fuel and purchased power costs</link:label>
    <link:label id="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA_label_en-US" xlink:label="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fuel and Purchased Power Adjustment Clause [Member]</link:label>
    <link:label id="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA_documentation_en-US" xlink:label="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fuel and Purchased Power Adjustment Clause [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuelAndPurchasedPowerAdjustmentClauseMember" xlink:label="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:to="lab_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivatives, Fair Value [Line Items]</link:label>
    <link:label id="lab_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5_label_en-US" xlink:label="lab_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives, Fair Value [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="lab_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected exposure to market risk (in megawatts)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722_label_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Concentration Risk, Potential Market Risk</link:label>
    <link:label id="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Concentration Risk, Potential Market Risk</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:to="lab_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:to="lab_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred charges</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:to="lab_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Derivative Asset</link:label>
    <link:label id="lab_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:to="lab_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:to="lab_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Long-term liabilities</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:to="lab_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A_negatedTotalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:to="lab_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts recognized for the right to reclaim cash collateral</link:label>
    <link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Collateral, Right to Reclaim Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:to="lab_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="arc" />
    <link:label id="lab_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B_terseLabel_en-US" xlink:label="lab_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts posted as cash collateral under margin arrangements</link:label>
    <link:label id="lab_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B_label_en-US" xlink:label="lab_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Margin Deposit Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MarginDepositAssets" xlink:label="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:to="lab_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net</link:label>
    <link:label id="lab_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Assets (Liabilities), at Fair Value, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:to="lab_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="arc" />
    <link:label id="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5_terseLabel_en-US" xlink:label="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Energy/Capacity Transactions</link:label>
    <link:label id="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5_label_en-US" xlink:label="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Energy/Capacity Transactions [Table Text Block]</link:label>
    <link:label id="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5_documentation_en-US" xlink:label="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Energy/Capacity Transactions [Table Text Block]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock" xlink:label="loc_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:to="lab_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:type="arc" />
    <link:label id="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482_terseLabel_en-US" xlink:label="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Rate Increases for Transmission Costs</link:label>
    <link:label id="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482_label_en-US" xlink:label="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Rate Increases for Transmission Costs [Table Text Block]</link:label>
    <link:label id="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482_documentation_en-US" xlink:label="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Rate Increases for Transmission Costs [Table Text Block]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock" xlink:label="loc_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:to="lab_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:type="arc" />
    <link:label id="lab_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation Status [Axis]</link:label>
    <link:label id="lab_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8_label_en-US" xlink:label="lab_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Status [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:to="lab_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="arc" />
    <link:label id="lab_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation Status [Domain]</link:label>
    <link:label id="lab_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B_label_en-US" xlink:label="lab_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Status [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusDomain" xlink:label="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:to="lab_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5_terseLabel_en-US" xlink:label="lab_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pending litigation</link:label>
    <link:label id="lab_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5_label_en-US" xlink:label="lab_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pending Litigation [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PendingLitigationMember" xlink:label="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:to="lab_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="arc" />
    <link:label id="lab_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C_terseLabel_en-US" xlink:label="lab_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settled litigation</link:label>
    <link:label id="lab_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C_label_en-US" xlink:label="lab_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Settled Litigation [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SettledLitigationMember" xlink:label="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:to="lab_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="arc" />
    <link:label id="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301_terseLabel_en-US" xlink:label="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Axis]</link:label>
    <link:label id="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301_label_en-US" xlink:label="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Axis]</link:label>
    <link:label id="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301_documentation_en-US" xlink:label="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Axis]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierAxis" xlink:label="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:to="lab_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="arc" />
    <link:label id="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6_terseLabel_en-US" xlink:label="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Domain]</link:label>
    <link:label id="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6_label_en-US" xlink:label="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Domain]</link:label>
    <link:label id="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6_documentation_en-US" xlink:label="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Carrier [Domain]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierDomain" xlink:label="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:to="lab_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="arc" />
    <link:label id="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF_terseLabel_en-US" xlink:label="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial providers</link:label>
    <link:label id="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF_label_en-US" xlink:label="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Providers [Member]</link:label>
    <link:label id="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF_documentation_en-US" xlink:label="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commercial Providers [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommercialProvidersMember" xlink:label="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:to="lab_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="arc" />
    <link:label id="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0_terseLabel_en-US" xlink:label="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Industry Wide Retrospective Assessment Program</link:label>
    <link:label id="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0_label_en-US" xlink:label="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Industry Wide Retrospective Assessment Program [Member]</link:label>
    <link:label id="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0_documentation_en-US" xlink:label="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Industry Wide Retrospective Assessment Program [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IndustryWideRetrospectiveAssessmentProgramMember" xlink:label="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:to="lab_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="arc" />
    <link:label id="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D_terseLabel_en-US" xlink:label="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First Choice</link:label>
    <link:label id="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D_label_en-US" xlink:label="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Choice [Member]</link:label>
    <link:label id="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D_documentation_en-US" xlink:label="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First Choice [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstChoiceMember" xlink:label="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:to="lab_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10_terseLabel_en-US" xlink:label="lab_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nuclear plant</link:label>
    <link:label id="lab_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10_label_en-US" xlink:label="lab_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nuclear Plant [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearPlantMember" xlink:label="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:to="lab_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:to="lab_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:to="lab_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="arc" />
    <link:label id="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E_terseLabel_en-US" xlink:label="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuous highwall mining</link:label>
    <link:label id="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E_label_en-US" xlink:label="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuous Highwall Mining [Member]</link:label>
    <link:label id="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E_documentation_en-US" xlink:label="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Continuous Highwall Mining [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ContinuousHighwallMiningMember" xlink:label="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:to="lab_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="arc" />
    <link:label id="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD_terseLabel_en-US" xlink:label="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Navajo Nation Allottee Matters</link:label>
    <link:label id="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD_label_en-US" xlink:label="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Navajo Nation Allottee Matters [Member]</link:label>
    <link:label id="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD_documentation_en-US" xlink:label="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Navajo Nation Allottee Matters [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NavajoNationAllotteeMattersMember" xlink:label="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:to="lab_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proposed retroactive surface mining royalty rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Retroactive Surface Mining Royalty Rate</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Proposed Retroactive Surface Mining Royalty Rate</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate" xlink:label="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:to="lab_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surface mining royalty rate applied</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Current Surface Mining Royalty Rate applied between 2000 and 2003</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Current Surface Mining Royalty Rate applied between 2000 and 2003</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003" xlink:label="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:to="lab_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated underpaid surface mining royalties under proposed rate change</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Underpaid Surface Mining Royalties under proposed rate change</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Estimated Underpaid Surface Mining Royalties under proposed rate change</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:to="lab_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM's share estimated underpaid surface mining royalties under proposed rate change</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, PNM Share Estimated Underpaid Surface Mining Royalties under proposed rate change</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, PNM Share Estimated Underpaid Surface Mining Royalties under proposed rate change</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:to="lab_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability insurance coverage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC_label_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Liability Insurance Coverage</link:label>
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Liability Insurance Coverage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverage" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:to="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership percentage in nuclear reactor</link:label>
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B_label_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Ownership Percentage in Nuclear Reactor</link:label>
    <link:label id="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Ownership Percentage in Nuclear Reactor</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:to="lab_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="arc" />
    <link:label id="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5_terseLabel_en-US" xlink:label="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of units</link:label>
    <link:label id="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5_label_en-US" xlink:label="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Units</link:label>
    <link:label id="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5_documentation_en-US" xlink:label="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Units</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofUnits" xlink:label="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:to="lab_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum potential assessment per incident</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Maximum Potential Assessment Per Incident</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Maximum Potential Assessment Per Incident</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident" xlink:label="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:to="lab_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual payment limitation related to incident</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Payment Limitation Related to Incident</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Annual Payment Limitation Related to Incident</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident" xlink:label="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:to="lab_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate amount of all risk insurance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E_label_en-US" xlink:label="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Aggregate Amount of All Risk Insurance</link:label>
    <link:label id="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Aggregate Amount of All Risk Insurance</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance" xlink:label="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:to="lab_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability insurance coverage sublimit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456_label_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Liability Insurance Coverage Sublimit</link:label>
    <link:label id="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Liability Insurance Coverage Sublimit</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:to="lab_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum amount under Nuclear Electric Insurance Limited</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4_label_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Maximum Amount under Nuclear Electric Insurance Limited</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Maximum Amount under Nuclear Electric Insurance Limited</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited" xlink:label="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:to="lab_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of cities to provide cooling water</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Provide Water to Number of Cities</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Provide Water to Number of Cities</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWatertoNumberofCities" xlink:label="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:to="lab_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of agreement for cooling water</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC_label_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Provide Water for Period of Time</link:label>
    <link:label id="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Provide Water for Period of Time</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWaterforPeriodofTime" xlink:label="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:to="lab_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of pending claims</link:label>
    <link:label id="lab_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B_label_en-US" xlink:label="lab_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Pending Claims, Number</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyPendingClaimsNumber" xlink:label="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:to="lab_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="arc" />
    <link:label id="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A_terseLabel_en-US" xlink:label="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written notification to terminate agreement, minimum period of time required</link:label>
    <link:label id="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A_label_en-US" xlink:label="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Written Notification to Terminate Agreement, Minimum Period of Time Required</link:label>
    <link:label id="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A_documentation_en-US" xlink:label="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss Contingency, Written Notification to Terminate Agreement, Minimum Period of Time Required</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired" xlink:label="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:to="lab_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="arc" />
    <link:label id="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999_terseLabel_en-US" xlink:label="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of landowners claiming to be Navajo allottees (in landowners)</link:label>
    <link:label id="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999_label_en-US" xlink:label="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of landowners claiming to be Navajo allottees</link:label>
    <link:label id="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999_documentation_en-US" xlink:label="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of landowners claiming to be Navajo allottees</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberoflandownersclaimingtobeNavajoallottees" xlink:label="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:to="lab_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859_terseLabel_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' appraisal requested for review (in allotment parcels)</link:label>
    <link:label id="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859_label_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' appraisal requested for review</link:label>
    <link:label id="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859_documentation_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' appraisal requested for review</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsappraisalrequestedforreview" xlink:label="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:to="lab_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD_terseLabel_en-US" xlink:label="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of allotments where landowners are revoking rights of way renewal consents (in allotment parcels)</link:label>
    <link:label id="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD_label_en-US" xlink:label="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of allotments where landowners are revoking rights of way renewal consents</link:label>
    <link:label id="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD_documentation_en-US" xlink:label="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of allotments where landowners are revoking rights of way renewal consents</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents" xlink:label="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:to="lab_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="arc" />
    <link:label id="lab_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469_terseLabel_en-US" xlink:label="lab_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Area of land (in acres)</link:label>
    <link:label id="lab_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469_label_en-US" xlink:label="lab_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Area of Land</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AreaOfLand" xlink:label="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:to="lab_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="arc" />
    <link:label id="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186_terseLabel_en-US" xlink:label="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of allotment parcels at issue that are not to be condemned</link:label>
    <link:label id="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186_label_en-US" xlink:label="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' at issue, Not to be condemned</link:label>
    <link:label id="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186_documentation_en-US" xlink:label="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' at issue, Not to be condemned</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofallotmentparcelsatissueNottobecondemned" xlink:label="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:to="lab_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="arc" />
    <link:label id="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355_terseLabel_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of allotment parcels at issue</link:label>
    <link:label id="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355_label_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' at issue</link:label>
    <link:label id="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355_documentation_en-US" xlink:label="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of allotment parcels' at issue</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsatissue" xlink:label="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:to="lab_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="arc" />
    <link:label id="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73_terseLabel_en-US" xlink:label="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional tax due plus penalties and interest</link:label>
    <link:label id="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73_label_en-US" xlink:label="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Tax Due Plus Penalties and Interest</link:label>
    <link:label id="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73_documentation_en-US" xlink:label="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional Tax Due Plus Penalties and Interest</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdditionalTaxDuePlusPenaltiesandInterest" xlink:label="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:to="lab_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:to="lab_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:to="lab_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:to="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7_label_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Classification [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:to="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valencia</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:to="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Contract for Purchase of Electric Power [Axis]</link:label>
    <link:label id="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1_label_en-US" xlink:label="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Contract for Purchase of Electric Power [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerAxis" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:to="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Contract for Purchase of Electric Power [Domain]</link:label>
    <link:label id="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D_label_en-US" xlink:label="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Contract for Purchase of Electric Power [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerDomain" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:to="lab_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="arc" />
    <link:label id="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804_terseLabel_en-US" xlink:label="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchased through May 2028</link:label>
    <link:label id="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804_label_en-US" xlink:label="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchased Through May 30, 2028 [Member]</link:label>
    <link:label id="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804_documentation_en-US" xlink:label="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchased Through May 30, 2028 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasedThroughMay302028Member" xlink:label="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:to="lab_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="lab_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:type="arc" />
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1_terseLabel_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment for fixed costs</link:label>
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1_label_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Contract For Purchase of Electric Power Fixed Costs</link:label>
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1_documentation_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long Term Contract For Purchase of Electric Power Fixed Charges</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:to="lab_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="arc" />
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F_terseLabel_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment for variable costs</link:label>
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F_label_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Contract For Purchase of Electric Power Variable Charges</link:label>
    <link:label id="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F_documentation_en-US" xlink:label="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long Term Contract for Purchase of Electric Power Variable Charges</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:to="lab_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="arc" />
    <link:label id="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429_terseLabel_en-US" xlink:label="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term contract option to purchase, ownership percentage</link:label>
    <link:label id="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429_label_en-US" xlink:label="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, ownership percentage</link:label>
    <link:label id="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429_documentation_en-US" xlink:label="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, ownership percentage</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Longtermcontractoptiontopurchaseownershippercentage" xlink:label="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:to="lab_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="arc" />
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A_terseLabel_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term contract option to purchase, purchase price - percentage of adjusted NBV</link:label>
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A_label_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, purchase price - percentage of adjusted NBV</link:label>
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A_documentation_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, purchase price - percentage of adjusted NBV</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:to="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="arc" />
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410_terseLabel_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term contract option to purchase, purchase price - percentage of FMV</link:label>
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410_label_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, purchase price - percentage of FMV</link:label>
    <link:label id="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410_documentation_en-US" xlink:label="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long term contract option to purchase, purchase price - percentage of FMV</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:to="lab_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A_terseLabel_en-US" xlink:label="lab_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest receivable</link:label>
    <link:label id="lab_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A_label_en-US" xlink:label="lab_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestReceivable" xlink:label="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:to="lab_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="arc" />
    <link:label id="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708_terseLabel_en-US" xlink:label="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Results of Operations</link:label>
    <link:label id="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708_label_en-US" xlink:label="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Statement Of Operation [Abstract]</link:label>
    <link:label id="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708_documentation_en-US" xlink:label="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Statement Of Operation [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntityStatementOfOperationAbstract" xlink:label="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="lab_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="arc" />
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A_terseLabel_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating revenues</link:label>
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A_label_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Results of Operations Variable Interest Entity Operating Revenues</link:label>
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A_documentation_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Results of Operations Variable Interest Entity Operating Revenues</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:to="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="arc" />
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1_negatedTerseLabel_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses</link:label>
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1_label_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Results of Operations Variable Interest Entity Operating Expenses</link:label>
    <link:label id="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1_documentation_en-US" xlink:label="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Results of Operations Variable Interest Entity Operating Expenses</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:to="lab_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings attributable to non-controlling interest</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:to="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Position</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC_label_en-US" xlink:label="lab_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:to="lab_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net property, plant, and equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2_label_en-US" xlink:label="lab_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:to="lab_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1_verboseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1_label_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:to="lab_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="arc" />
    <link:label id="lab_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612_verboseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Owners&#8217; equity &#8211; non-controlling interest</link:label>
    <link:label id="lab_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612_label_en-US" xlink:label="lab_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:to="lab_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Information</link:label>
    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2_label_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:to="lab_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3_label_en-US" xlink:label="lab_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:to="lab_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss)</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:to="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="lab_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:to="lab_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:to="lab_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120_terseLabel_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facility</link:label>
    <link:label id="lab_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120_label_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:to="lab_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:label id="lab_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0_label_en-US" xlink:label="lab_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:to="lab_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:label id="lab_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86_label_en-US" xlink:label="lab_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:to="lab_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="arc" />
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E_terseLabel_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIBOR</link:label>
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E_label_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">London Interbank Offered Rate (LIBOR) [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:to="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:to="lab_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:to="lab_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="arc" />
    <link:label id="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6_terseLabel_en-US" xlink:label="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR Revolving Credit Facility</link:label>
    <link:label id="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6_label_en-US" xlink:label="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR Revolving Credit Facility [Member]</link:label>
    <link:label id="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6_documentation_en-US" xlink:label="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR Revolving Credit Facility [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:to="lab_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="arc" />
    <link:label id="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5_terseLabel_en-US" xlink:label="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM Revolving Credit Facility</link:label>
    <link:label id="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5_label_en-US" xlink:label="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNM Revolving Credit Facility [Member]</link:label>
    <link:label id="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5_documentation_en-US" xlink:label="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNM Revolving Credit Facility [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:to="lab_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:label id="lab_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA_label_en-US" xlink:label="lab_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesAxis" xlink:label="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:to="lab_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:label id="lab_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A_label_en-US" xlink:label="lab_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:to="lab_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2_terseLabel_en-US" xlink:label="lab_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR</link:label>
    <link:label id="lab_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2_label_en-US" xlink:label="lab_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent Company [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:to="lab_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit</link:label>
    <link:label id="lab_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:to="lab_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="arc" />
    <link:label id="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1_terseLabel_en-US" xlink:label="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR 2015 Term Loan Agreement</link:label>
    <link:label id="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1_label_en-US" xlink:label="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR 2015 Term Loan Agreement [Member]</link:label>
    <link:label id="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1_documentation_en-US" xlink:label="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR 2015 Term Loan Agreement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2015TermLoanAgreementMember" xlink:label="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:to="lab_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="arc" />
    <link:label id="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA_terseLabel_en-US" xlink:label="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM 2016 Term Loan Agreement</link:label>
    <link:label id="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA_label_en-US" xlink:label="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNM 2016 Term Loan Agreement [Member]</link:label>
    <link:label id="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA_documentation_en-US" xlink:label="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNM 2016 Term Loan Agreement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2016TermLoanAgreementMember" xlink:label="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:to="lab_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="arc" />
    <link:label id="lab_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400_terseLabel_en-US" xlink:label="lab_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letter of credit</link:label>
    <link:label id="lab_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400_label_en-US" xlink:label="lab_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letter of Credit [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:to="lab_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="arc" />
    <link:label id="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA_terseLabel_en-US" xlink:label="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First mortgage bonds</link:label>
    <link:label id="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA_label_en-US" xlink:label="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Mortgage Bond [Member]</link:label>
    <link:label id="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA_documentation_en-US" xlink:label="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First Mortgage Bond [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondMember" xlink:label="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:to="lab_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="arc" />
    <link:label id="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63_terseLabel_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63_label_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds [Member]</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63_documentation_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsMember" xlink:label="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:to="lab_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154_terseLabel_en-US" xlink:label="lab_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term loan agreement with banks</link:label>
    <link:label id="lab_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154_label_en-US" xlink:label="lab_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable to Banks [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableToBanksMember" xlink:label="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:to="lab_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesMember" xlink:label="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:to="lab_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured debt</link:label>
    <link:label id="lab_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:to="lab_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="arc" />
    <link:label id="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3_terseLabel_en-US" xlink:label="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM 2017 Term Loan Agreement</link:label>
    <link:label id="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3_label_en-US" xlink:label="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNM 2017 Term Loan Agreement [Member]</link:label>
    <link:label id="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3_documentation_en-US" xlink:label="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNM 2017 Term Loan Agreement [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2017TermLoanAgreementMember" xlink:label="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:to="lab_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="arc" />
    <link:label id="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56_terseLabel_en-US" xlink:label="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR</link:label>
    <link:label id="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56_label_en-US" xlink:label="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR [Member]</link:label>
    <link:label id="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56_documentation_en-US" xlink:label="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrMember" xlink:label="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:to="lab_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:to="lab_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow hedge</link:label>
    <link:label id="lab_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792_label_en-US" xlink:label="lab_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow Hedging [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:to="lab_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Hierarchy [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Hierarchy [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:to="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:to="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:to="lab_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:to="lab_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="lab_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="arc" />
    <link:label id="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49_terseLabel_en-US" xlink:label="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR 2016 One-Year Term Loan</link:label>
    <link:label id="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49_label_en-US" xlink:label="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR 2016 One Year Term Loan [Member]</link:label>
    <link:label id="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49_documentation_en-US" xlink:label="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR 2016 One Year Term Loan [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016OneYearTermLoanMember" xlink:label="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:to="lab_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="arc" />
    <link:label id="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E_terseLabel_en-US" xlink:label="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR 2016 Two-Year Term Loan</link:label>
    <link:label id="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E_label_en-US" xlink:label="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR 2016 Two Year Term Loan [Member]</link:label>
    <link:label id="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E_documentation_en-US" xlink:label="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR 2016 Two Year Term Loan [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016TwoYearTermLoanMember" xlink:label="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:to="lab_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="arc" />
    <link:label id="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD_terseLabel_en-US" xlink:label="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">JPM LOC Facility</link:label>
    <link:label id="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD_label_en-US" xlink:label="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letter or credit, 30 mil JP Morgan [Member]</link:label>
    <link:label id="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD_documentation_en-US" xlink:label="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Letter or credit, 30 mil JP Morgan [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Letterorcredit30milJPMorganMember" xlink:label="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:to="lab_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="arc" />
    <link:label id="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2_terseLabel_en-US" xlink:label="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable rate short-term debt</link:label>
    <link:label id="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2_label_en-US" xlink:label="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate Short-Term Debt [Member]</link:label>
    <link:label id="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2_documentation_en-US" xlink:label="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Variable Rate Short-Term Debt [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableRateShortTermDebtMember" xlink:label="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:to="lab_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="arc" />
    <link:label id="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164_terseLabel_en-US" xlink:label="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate of 3.22%, Due 2027</link:label>
    <link:label id="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164_label_en-US" xlink:label="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate of 3.22%, Due 2027 [Member]</link:label>
    <link:label id="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164_documentation_en-US" xlink:label="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate of 3.22%, Due 2027</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateof3.22Due2027Member" xlink:label="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:to="lab_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="arc" />
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4_terseLabel_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2040</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4_label_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2040 [Member]</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4_documentation_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2040 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12040Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:to="lab_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="arc" />
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754_terseLabel_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2042</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754_label_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2042 [Member]</link:label>
    <link:label id="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754_documentation_en-US" xlink:label="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pollution Control Revenue Bonds due June 1, 2042 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12042Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:to="lab_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs)</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018 [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in August 2018</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018 [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018 [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Maturity in May 2018, 7.95%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Due 2018, at 7 point 95 percent [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Due 2018, at 7 point 95 percent [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point95percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:to="lab_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Maturity in August 2018, 7.50%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Due 2018, at 7 point 50 percent [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes, Due 2018, at 7 point 50 percent [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point50percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:to="lab_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 3.15%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.15% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.15% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 3.45%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.45% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.45% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 3.68%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.68% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.68% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 3.93%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.93% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 3.93% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 4.22%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 4.22% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 4.22% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in May 2018, Interest rate of 4.50%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 4.50% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in May 2018, Interest Rate of 4.50% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in August 2018, Interest rate of 3.78%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018, Interest Rate of 3.78% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018, Interest Rate of 3.78% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="arc" />
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1_terseLabel_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SUNs, Issuance in August 2018, Interest rate of 4.60%</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1_label_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018, Interest Rate of 4.60% [Member]</link:label>
    <link:label id="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1_documentation_en-US" xlink:label="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Unsecured Note Agreement (SUNs), Private Placement Transaction with Institutional Investors, Issuance in August 2018, Interest Rate of 4.60% [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:to="lab_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:to="lab_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:to="lab_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contract</link:label>
    <link:label id="lab_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516_label_en-US" xlink:label="lab_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contract [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="lab_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="arc" />
    <link:label id="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4_terseLabel_en-US" xlink:label="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contract, 1</link:label>
    <link:label id="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4_label_en-US" xlink:label="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, One [Member]</link:label>
    <link:label id="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4_documentation_en-US" xlink:label="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, One [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractOneMember" xlink:label="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:to="lab_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="arc" />
    <link:label id="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA_terseLabel_en-US" xlink:label="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contract, 2</link:label>
    <link:label id="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA_label_en-US" xlink:label="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, Two [Member]</link:label>
    <link:label id="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA_documentation_en-US" xlink:label="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, Two [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractTwoMember" xlink:label="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:to="lab_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="arc" />
    <link:label id="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77_terseLabel_en-US" xlink:label="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contract, 3</link:label>
    <link:label id="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77_label_en-US" xlink:label="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, Three [Member]</link:label>
    <link:label id="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77_documentation_en-US" xlink:label="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Contract, Three [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractThreeMember" xlink:label="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:to="lab_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="arc" />
    <link:label id="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF_terseLabel_en-US" xlink:label="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contracts, 1 and 2</link:label>
    <link:label id="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF_label_en-US" xlink:label="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contracts, Contract One and Contract Two [Member]</link:label>
    <link:label id="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF_documentation_en-US" xlink:label="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Rate Contracts, Contract One and Contract Two [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractsContractOneandContractTwoMember" xlink:label="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:to="lab_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lender Name [Axis]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lender Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:to="lab_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Lender [Domain]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Lender [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:to="lab_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="arc" />
    <link:label id="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E_terseLabel_en-US" xlink:label="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">JPMorgan Chase Bank, N.A. and U.S. Bank National Association</link:label>
    <link:label id="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E_label_en-US" xlink:label="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JPMorgan Chase Bank, N.A. and U.S. Bank National Association [Member]</link:label>
    <link:label id="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E_documentation_en-US" xlink:label="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">JPMorgan Chase Bank, N.A. and U.S. Bank National Association [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember" xlink:label="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:to="lab_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="lab_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:type="arc" />
    <link:label id="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F_terseLabel_en-US" xlink:label="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ratio of debt to capital (less than or equal to)</link:label>
    <link:label id="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F_label_en-US" xlink:label="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ratio of debt to capital, maximum</link:label>
    <link:label id="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F_documentation_en-US" xlink:label="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ratio of debt to capital, maximum</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RatioOfDebtToCapitalMaximum" xlink:label="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:to="lab_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity term over which financings require regulator approval (more than)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A_label_en-US" xlink:label="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Maturity term over which financings require regulator approval</link:label>
    <link:label id="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Maturity term over which financings require regulator approval</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval" xlink:label="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:to="lab_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Term loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:to="lab_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stated interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:to="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="arc" />
    <link:label id="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6_terseLabel_en-US" xlink:label="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covenant that requires the maintenance of a debt-to-capital ratio (less than or equal to)</link:label>
    <link:label id="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6_label_en-US" xlink:label="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenant, Debt-to-Capital Ratio</link:label>
    <link:label id="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6_documentation_en-US" xlink:label="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenant, Debt-to-Capital Ratio</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentCovenantDebttoCapitalRatio" xlink:label="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:to="lab_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated principal payments</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate principal amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="arc" />
    <link:label id="lab_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542_terseLabel_en-US" xlink:label="lab_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of senior unsecured notes to be repaid with SUN proceeds</link:label>
    <link:label id="lab_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542_label_en-US" xlink:label="lab_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extinguishment of Debt, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:to="lab_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding balance</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:to="lab_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate at period end</link:label>
    <link:label id="lab_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321_label_en-US" xlink:label="lab_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Variable Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeVariableInterestRate" xlink:label="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:to="lab_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41_terseLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value gain (loss) (less than)</link:label>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss" xlink:label="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:to="lab_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:to="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes</link:label>
    <link:label id="lab_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF_label_en-US" xlink:label="lab_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Long-term Debt, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredLongTermDebt" xlink:label="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:to="lab_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of loan</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:to="lab_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of hedging agreements (in derivatives)</link:label>
    <link:label id="lab_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898_label_en-US" xlink:label="lab_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Number of Instruments Held</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:label="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:to="lab_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average interest rate for short-term debt</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Weighted Average Interest Rate, at Point in Time</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:to="lab_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="arc" />
    <link:label id="lab_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1_terseLabel_en-US" xlink:label="lab_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of hedging agreement</link:label>
    <link:label id="lab_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1_label_en-US" xlink:label="lab_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1" xlink:label="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:to="lab_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed interest rate</link:label>
    <link:label id="lab_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517_label_en-US" xlink:label="lab_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Fixed Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:to="lab_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="arc" />
    <link:label id="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1_terseLabel_en-US" xlink:label="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of extension options</link:label>
    <link:label id="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1_label_en-US" xlink:label="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Istrument, Number Of Extension Options</link:label>
    <link:label id="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1_documentation_en-US" xlink:label="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Istrument, Number Of Extension Options</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtIstrumentNumberOfExtensionOptions" xlink:label="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:to="lab_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="arc" />
    <link:label id="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137_terseLabel_en-US" xlink:label="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extension option on term</link:label>
    <link:label id="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137_label_en-US" xlink:label="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Extension Option On Term Number Of Years</link:label>
    <link:label id="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137_documentation_en-US" xlink:label="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Extension Option On Term Number Of Years</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" xlink:label="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:to="lab_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summarized Financial Information</link:label>
    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurements, Recurring and Nonrecurring [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value by Measurement Frequency [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Frequency [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:to="lab_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement Frequency [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement Frequency [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:to="lab_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Recurring</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurements, Recurring [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:to="lab_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F_label_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567_label_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:to="lab_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="arc" />
    <link:label id="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB_terseLabel_en-US" xlink:label="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Domestic value</link:label>
    <link:label id="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB_label_en-US" xlink:label="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Domestic Value [Member]</link:label>
    <link:label id="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB_documentation_en-US" xlink:label="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Domestic Value [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticValueMember" xlink:label="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:to="lab_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="arc" />
    <link:label id="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC_terseLabel_en-US" xlink:label="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Domestic growth</link:label>
    <link:label id="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC_label_en-US" xlink:label="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Domestic Growth [Member]</link:label>
    <link:label id="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC_documentation_en-US" xlink:label="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Domestic Growth [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticGrowthMember" xlink:label="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:to="lab_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="arc" />
    <link:label id="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6_terseLabel_en-US" xlink:label="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">International and other</link:label>
    <link:label id="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6_label_en-US" xlink:label="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Multinational [Member]</link:label>
    <link:label id="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6_documentation_en-US" xlink:label="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Multinational [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MultinationalMember" xlink:label="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:to="lab_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="arc" />
    <link:label id="lab_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E_terseLabel_en-US" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. Government</link:label>
    <link:label id="lab_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E_label_en-US" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US Treasury and Government [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:to="lab_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="arc" />
    <link:label id="lab_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A_terseLabel_en-US" xlink:label="lab_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Municipals</link:label>
    <link:label id="lab_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A_label_en-US" xlink:label="lab_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal Bonds [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:to="lab_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65_terseLabel_en-US" xlink:label="lab_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate and other</link:label>
    <link:label id="lab_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65_label_en-US" xlink:label="lab_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Debt Obligations [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:to="lab_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:to="lab_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:to="lab_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="arc" />
    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A_terseLabel_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:to="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627_terseLabel_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Amount</link:label>
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627_label_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reported Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:to="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:to="lab_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:to="lab_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9_verboseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investments</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:to="lab_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:to="lab_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:to="lab_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:to="lab_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Westmoreland Loan</link:label>
    <link:label id="lab_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED_label_en-US" xlink:label="lab_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:to="lab_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="arc" />
    <link:label id="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F_terseLabel_en-US" xlink:label="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other investments</link:label>
    <link:label id="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F_label_en-US" xlink:label="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Investments Fair Value Disclosure</link:label>
    <link:label id="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F_documentation_en-US" xlink:label="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Investments Fair Value Disclosure</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherInvestmentsFairValueDisclosure" xlink:label="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:to="lab_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:to="lab_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computation of Earnings Per Share</link:label>
    <link:label id="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:to="lab_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:type="arc" />
    <link:label id="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20_terseLabel_en-US" xlink:label="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Maturities [Table]</link:label>
    <link:label id="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20_label_en-US" xlink:label="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Maturities [Table]</link:label>
    <link:label id="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20_documentation_en-US" xlink:label="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Maturities [Table]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesTable" xlink:label="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:to="lab_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="arc" />
    <link:label id="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB_terseLabel_en-US" xlink:label="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNMR and PNM</link:label>
    <link:label id="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB_label_en-US" xlink:label="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PNMR and PNM [Member]</link:label>
    <link:label id="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB_documentation_en-US" xlink:label="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PNMR and PNM [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrAndPnmMember" xlink:label="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:to="lab_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="arc" />
    <link:label id="lab_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE_label_en-US" xlink:label="lab_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Maturities [Line Items]</link:label>
    <link:label id="lab_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE_documentation_en-US" xlink:label="lab_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Maturities [Line Items]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesLineItems" xlink:label="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="lab_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available-for-Sale</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within 1 year</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 1 year through 5 years</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 5 years through 10 years</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="arc" />
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0_terseLabel_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 10 years through 15 years</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0_label_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Ten Years Through Fifteen Years, Fair Value</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0_documentation_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Ten Years Through Fifteen Years, Fair Value</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:to="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="arc" />
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF_terseLabel_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 15 years through 20 years</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF_label_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Fifteen Years Through Twenty Years, Fair Value</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF_documentation_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Fifteen Years Through Twenty Years, Fair Value</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:to="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="arc" />
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334_terseLabel_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 20 years</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334_label_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Twenty Years, Fair Value</link:label>
    <link:label id="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334_documentation_en-US" xlink:label="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, after Twenty Years, Fair Value</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:to="lab_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Available-for-sale debt securities</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held-to-Maturity</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within 1 year</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Debt Maturities, Next Twelve Months, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 1 year through 5 years</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Debt Maturities, Year Two Through Five, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">After 5 years through 10 years</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E_totalLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Held-to-maturity debt securities</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location, by Derivative Instrument Risk [Table]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="lab_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging Designation [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:to="lab_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="arc" />
    <link:label id="lab_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedging Designation [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:to="lab_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) by Income Statement Location [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:to="lab_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:to="lab_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="arc" />
    <link:label id="lab_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252_terseLabel_en-US" xlink:label="lab_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Electric operating revenues</link:label>
    <link:label id="lab_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252_label_en-US" xlink:label="lab_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesMember" xlink:label="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:to="lab_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of energy</link:label>
    <link:label id="lab_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6_label_en-US" xlink:label="lab_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Sales [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:to="lab_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) [Line Items]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:to="lab_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total gain (loss)</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84_verboseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net Earnings Attributable to PNMR</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:to="lab_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average Number of Common Shares:</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding during period (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Issued, Basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested awards of restricted stock (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares, Restricted Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B_totalLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Average Shares &#8211; Basic (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dilutive Effect of Common Stock Equivalents:</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:to="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0_terseLabel_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options and restricted stock (in shares)</link:label>
    <link:label id="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0_label_en-US" xlink:label="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:to="lab_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:type="arc" />
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4_totalLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Average Shares &#8211; Diluted (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:to="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Earnings Per Share of Common Stock:</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Basic and Diluted [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:to="lab_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:to="lab_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Diluted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:to="lab_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:type="arc" />
    <link:label id="lab_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8_terseLabel_en-US" xlink:label="lab_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Commitments</link:label>
    <link:label id="lab_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8_label_en-US" xlink:label="lab_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases of Lessee Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeasesOfLesseeDisclosureTextBlock" xlink:label="loc_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:to="lab_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:type="arc" />
    <link:label id="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C_terseLabel_en-US" xlink:label="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory and Rate Matters</link:label>
    <link:label id="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C_label_en-US" xlink:label="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory And Rate Matters [Text Block]</link:label>
    <link:label id="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C_documentation_en-US" xlink:label="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regulatory And Rate Matters [Text Block]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryAndRateMattersTextBlock" xlink:label="loc_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:to="lab_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Accumulated Other Comprehensive Income (Loss)</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:to="lab_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:to="lab_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC_terseLabel_en-US" xlink:label="lab_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PNM</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:to="lab_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for uncollectible accounts</link:label>
    <link:label id="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9_label_en-US" xlink:label="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:to="lab_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="arc" />
    <link:label id="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9_terseLabel_en-US" xlink:label="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation, nuclear fuel</link:label>
    <link:label id="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9_label_en-US" xlink:label="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Amortization Nuclear Fuel</link:label>
    <link:label id="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9_documentation_en-US" xlink:label="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated amortization, nuclear fuel</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedAmortizationNuclearFuel" xlink:label="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:to="lab_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="arc" />
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2_terseLabel_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock of subsidiary, stated value (in dollars per share)</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2_label_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Par Or Stated Value Per Share</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2_documentation_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Par Or Stated Value Per Share</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:to="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="arc" />
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091_terseLabel_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock of subsidiary, shares authorized (in shares)</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091_label_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Authorized</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091_documentation_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Authorized</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:to="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="arc" />
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15_terseLabel_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock of subsidiary, shares issued (in shares)</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15_label_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Issued</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15_documentation_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Issued</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:to="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="arc" />
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518_terseLabel_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock of subsidiary, shares outstanding (in shares)</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518_label_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Outstanding</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518_documentation_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Outstanding</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:to="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock, stated value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96_label_en-US" xlink:label="lab_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:to="lab_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock, shares authorized (in shares)</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Authorized</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:to="lab_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock, shares issued (in shares)</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:to="lab_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2_verboseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cumulative preferred stock, shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Shares Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:to="lab_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, par value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7_label_en-US" xlink:label="lab_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, No Par Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:to="lab_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, par value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:to="lab_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares authorized (in shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares Authorized</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:to="lab_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares issued (in shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:to="lab_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:to="lab_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="lab_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Information, Profit (Loss) [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationProfitLossAbstract" xlink:label="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="lab_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="arc" />
    <link:label id="lab_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF_verboseLabel_en-US" xlink:label="lab_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Electric operating revenues</link:label>
    <link:label id="lab_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF_label_en-US" xlink:label="lab_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Electric Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:to="lab_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of energy</link:label>
    <link:label id="lab_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D_label_en-US" xlink:label="lab_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold, Electric</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:to="lab_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="arc" />
    <link:label id="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB_totalLabel_en-US" xlink:label="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Utility margin</link:label>
    <link:label id="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB_label_en-US" xlink:label="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Margin</link:label>
    <link:label id="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB_documentation_en-US" xlink:label="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Aggregate revenues less cost of energy</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GrossMargin" xlink:label="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:to="lab_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="arc" />
    <link:label id="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3_terseLabel_en-US" xlink:label="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other operating expenses</link:label>
    <link:label id="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3_label_en-US" xlink:label="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Expenses</link:label>
    <link:label id="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3_documentation_en-US" xlink:label="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Operating Expenses</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherOperatingExpenses" xlink:label="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:to="lab_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C_label_en-US" xlink:label="lab_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Services, Depreciation and Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:to="lab_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income</link:label>
    <link:label id="lab_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595_label_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Income (Loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:to="lab_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="arc" />
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3_label_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Income, Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:to="lab_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="arc" />
    <link:label id="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30_terseLabel_en-US" xlink:label="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income (deductions)</link:label>
    <link:label id="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30_label_en-US" xlink:label="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income Deductions Excluding Interest</link:label>
    <link:label id="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30_documentation_en-US" xlink:label="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Income Deductions Excluding Interest</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherIncomeDeductionsExcludingInterest" xlink:label="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:to="lab_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest charges</link:label>
    <link:label id="lab_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB_label_en-US" xlink:label="lab_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:to="lab_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Earnings before Income Taxes</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203_verboseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income taxes (benefit)</link:label>
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203_label_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF_totalLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Earnings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:to="lab_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D_negatedLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Valencia non-controlling interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:to="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred stock dividends</link:label>
    <link:label id="lab_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23_label_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends, Preferred Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:to="lab_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Earnings Available for PNM Common Stock</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:to="lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547_verboseLabel_en-US" xlink:label="lab_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:to="lab_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="arc" />
    <link:label id="lab_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65_terseLabel_en-US" xlink:label="lab_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65_label_en-US" xlink:label="lab_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:to="lab_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01_label_en-US" xlink:label="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B_label_en-US" xlink:label="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="lab_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, average forward price (in dollars per MWh)</link:label>
    <link:label id="lab_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972_label_en-US" xlink:label="lab_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Average Forward Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAverageForwardPrice" xlink:label="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:to="lab_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="arc" />
    <link:label id="lab_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B_terseLabel_en-US" xlink:label="lab_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Activity</link:label>
    <link:label id="lab_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B_label_en-US" xlink:label="lab_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:to="lab_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C_verboseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:to="lab_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized Gains on Available-for-Sale Securities</link:label>
    <link:label id="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325_label_en-US" xlink:label="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:to="lab_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension Liability Adjustment</link:label>
    <link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF_label_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:to="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Adjustment for Cash Flow Hedges</link:label>
    <link:label id="lab_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C_label_en-US" xlink:label="lab_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:to="lab_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Line Items]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:type="arc" />
    <link:label id="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156_terseLabel_en-US" xlink:label="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Roll Forward]</link:label>
    <link:label id="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156_label_en-US" xlink:label="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Roll Forward]</link:label>
    <link:label id="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156_documentation_en-US" xlink:label="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Roll Forward]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedOtherComprehensiveIncomeLossRollForward" xlink:label="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="lab_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7_periodStartLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning Balance</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amounts reclassified from AOCI (pre-tax)</link:label>
    <link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47_label_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:to="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="arc" />
    <link:label id="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2_terseLabel_en-US" xlink:label="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax impact of amounts reclassified</link:label>
    <link:label id="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2_label_en-US" xlink:label="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax impact of amounts reclassified from accumulated other comprehensive income</link:label>
    <link:label id="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2_documentation_en-US" xlink:label="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income tax impact of amounts reclassified from accumulated other comprehensive income</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" xlink:label="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:to="lab_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other OCI changes (pre-tax)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), before Reclassifications, before Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income tax impact of other OCI changes</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A_totalLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Other Comprehensive Income (Loss)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9_periodEndLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:to="lab_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A_terseLabel_en-US" xlink:label="lab_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Electric Operating Revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:to="lab_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expenses:</link:label>
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC_label_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expenses [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="lab_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="arc" />
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63_terseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Administrative and general</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and Administrative Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:to="lab_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="arc" />
    <link:label id="lab_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF_terseLabel_en-US" xlink:label="lab_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy production costs</link:label>
    <link:label id="lab_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF_label_en-US" xlink:label="lab_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Electric Production Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricProductionExpense" xlink:label="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:to="lab_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="arc" />
    <link:label id="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3_terseLabel_en-US" xlink:label="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transmission and distribution costs</link:label>
    <link:label id="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3_label_en-US" xlink:label="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transmission And Distribution Costs</link:label>
    <link:label id="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3_documentation_en-US" xlink:label="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred for transmission and distribution of electricity</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionAndDistributionCosts" xlink:label="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:to="lab_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="arc" />
    <link:label id="lab_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0_terseLabel_en-US" xlink:label="lab_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes other than income taxes</link:label>
    <link:label id="lab_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0_label_en-US" xlink:label="lab_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Utilities Operating Expense, Taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpenseTaxes" xlink:label="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:to="lab_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="arc" />
    <link:label id="lab_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD_totalLabel_en-US" xlink:label="lab_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD_label_en-US" xlink:label="lab_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Utilities Operating Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpense" xlink:label="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:to="lab_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Income and Deductions:</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income (Expense) [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpenseAbstract" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D_verboseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains on available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D_label_en-US" xlink:label="lab_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:to="lab_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5_label_en-US" xlink:label="lab_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherIncome" xlink:label="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:to="lab_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other (deductions)</link:label>
    <link:label id="lab_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153_label_en-US" xlink:label="lab_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:to="lab_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF_totalLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net other income and deductions</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income (Expense)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:to="lab_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Charges</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:to="lab_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Earnings) Attributable to Valencia Non-controlling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:to="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411_negatedLabel_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividend Requirements of Subsidiary</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:to="lab_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8_totalLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Earnings Attributable to PNMR</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:to="lab_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="arc" />
    <link:label id="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61_terseLabel_en-US" xlink:label="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Earnings Attributable to PNMR per Common Share:</link:label>
    <link:label id="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61_label_en-US" xlink:label="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Loss From Continuing Operations Attributable To Parent Per Share [Abstract]</link:label>
    <link:label id="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61_documentation_en-US" xlink:label="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Loss From Continuing Operations Attributable To Parent Per Share [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract" xlink:label="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:to="lab_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic (dollars per share)</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations, Per Basic Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted (dollars per share)</link:label>
    <link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Continuing Operations, Per Diluted Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:to="lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends Declared per Common Share (dollars per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:to="lab_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss):</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized Gains on Available-for-Sale Securities:</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:to="lab_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized holding gains arising during the period, net of income tax (expense)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustment for (gains) included in net earnings, net of income tax expense</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension Liability Adjustment:</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:to="lab_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustment for amortization of experience losses recognized as net periodic benefit cost, net of income tax expense (benefit)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Adjustment for Cash Flow Hedges:</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:to="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Change in fair market value, net of income tax (expense) benefit of $(4), $(172), $108, and $509</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification adjustment for (gains) losses included in net earnings, net of income tax expense (benefit) of $(62), $(79), $(187), and $(224)</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive Income</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive (Income) Attributable to Valencia Non-controlling Interest</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="arc" />
    <link:label id="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91_negatedTerseLabel_en-US" xlink:label="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividend Requirements of Subsidiary</link:label>
    <link:label id="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91_label_en-US" xlink:label="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock Dividend Requirements of Subsidiary</link:label>
    <link:label id="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91_documentation_en-US" xlink:label="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred stock cash dividend declared by a subsidiary of the entity during the period. This element includes paid and unpaid dividends declared during the period.</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:to="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive Income Attributable to PNMR</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Goodwill [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfGoodwillTable" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:to="lab_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill [Line Items]</link:label>
    <link:label id="lab_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6_label_en-US" xlink:label="lab_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillLineItems" xlink:label="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="lab_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63_terseLabel_en-US" xlink:label="lab_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill fair value exceeded by its carrying value</link:label>
    <link:label id="lab_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63_label_en-US" xlink:label="lab_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount" xlink:label="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:to="lab_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="arc" />
    <link:label id="lab_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairments of goodwill</link:label>
    <link:label id="lab_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7_label_en-US" xlink:label="lab_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill, Impairment Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:to="lab_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturities and Interest Rates</link:label>
    <link:label id="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:to="lab_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Short-term Debt</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Short-term Debt [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:to="lab_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value of Derivative and Other Financial Instruments</link:label>
    <link:label id="lab_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A_label_en-US" xlink:label="lab_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives and Fair Value [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:label="loc_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:to="lab_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:type="arc" />
    <link:label id="lab_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings Per Share</link:label>
    <link:label id="lab_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE_label_en-US" xlink:label="lab_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:to="lab_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="lab_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="arc" />
    <link:label id="lab_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE_terseLabel_en-US" xlink:label="lab_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Affiliated entity</link:label>
    <link:label id="lab_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE_label_en-US" xlink:label="lab_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:to="lab_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66_terseLabel_en-US" xlink:label="lab_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forecast</link:label>
    <link:label id="lab_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66_label_en-US" xlink:label="lab_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Forecast [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:to="lab_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="arc" />
    <link:label id="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF_terseLabel_en-US" xlink:label="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First mortgage bonds</link:label>
    <link:label id="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF_label_en-US" xlink:label="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Mortgage Bonds Due 2019, Series 2009A, at 9 point 50 percent [Member]</link:label>
    <link:label id="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF_documentation_en-US" xlink:label="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First Mortgage Bonds Due 2019, Series 2009A, at 9 point 50 percent [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember" xlink:label="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:to="lab_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="arc" />
    <link:label id="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6_terseLabel_en-US" xlink:label="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lines of credit</link:label>
    <link:label id="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6_label_en-US" xlink:label="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Lines of Credit [Member]</link:label>
    <link:label id="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6_documentation_en-US" xlink:label="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Local Lines of Credit [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LocalLinesOfCreditMember" xlink:label="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:to="lab_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="lab_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collateral amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Collateral Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:to="lab_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="arc" />
    <link:label id="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E_terseLabel_en-US" xlink:label="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NMPRC approved credit facility</link:label>
    <link:label id="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E_label_en-US" xlink:label="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instruments, NMPRC Approved credit facility</link:label>
    <link:label id="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E_documentation_en-US" xlink:label="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instruments, NMPRC Approved credit facility</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentsNMPRCApprovedcreditfacility" xlink:label="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:to="lab_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141_label_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:to="lab_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="arc" />
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of credit outstanding</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:to="lab_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871_terseLabel_en-US" xlink:label="lab_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany borrowings</link:label>
    <link:label id="lab_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871_label_en-US" xlink:label="lab_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable, Related Parties, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:to="lab_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining borrowing capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Remaining Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:to="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="arc" />
    <link:label id="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315_terseLabel_en-US" xlink:label="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term debt &#8211; affiliate</link:label>
    <link:label id="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315_label_en-US" xlink:label="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short Term Debt Due to Related Party</link:label>
    <link:label id="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315_documentation_en-US" xlink:label="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short Term Debt Due to Related Party</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:to="lab_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated invested cash</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndInvestments" xlink:label="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:to="lab_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturities and other repayments due</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Maturities and other repayments due in next 12 months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturities and other repayments due in the remainder of year two</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Rolling Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturities and other repayments due in 2018</link:label>
    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246_label_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Maturities, Repayments of Principal in Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ASSETS</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="lab_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Assets:</link:label>
    <link:label id="lab_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148_label_en-US" xlink:label="lab_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Current [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="lab_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net of allowance for uncollectible accounts</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Net, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:to="lab_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D_terseLabel_en-US" xlink:label="lab_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unbilled revenues</link:label>
    <link:label id="lab_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D_label_en-US" xlink:label="lab_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unbilled Receivables, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnbilledReceivablesCurrent" xlink:label="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:to="lab_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:to="lab_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current portion of Westmoreland Loan</link:label>
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6_label_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes, Loans and Financing Receivable, Gross, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossCurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:to="lab_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="arc" />
    <link:label id="lab_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25_verboseLabel_en-US" xlink:label="lab_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Affiliate receivables</link:label>
    <link:label id="lab_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25_label_en-US" xlink:label="lab_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from Related Parties, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:to="lab_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="arc" />
    <link:label id="lab_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Materials, supplies, and fuel stock</link:label>
    <link:label id="lab_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF_label_en-US" xlink:label="lab_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:to="lab_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory assets</link:label>
    <link:label id="lab_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E_label_en-US" xlink:label="lab_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Assets, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsCurrent" xlink:label="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:to="lab_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative instruments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:to="lab_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes receivable</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:to="lab_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338_totalLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:to="lab_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="arc" />
    <link:label id="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789_terseLabel_en-US" xlink:label="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Property and Investments:</link:label>
    <link:label id="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789_label_en-US" xlink:label="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Property And Investments [Abstract]</link:label>
    <link:label id="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789_documentation_en-US" xlink:label="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Property And Investments [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherPropertyAndInvestmentsAbstract" xlink:label="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="lab_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term portion of Westmoreland Loan</link:label>
    <link:label id="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43_label_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes, Loans and Financing Receivable, Gross, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossNoncurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:to="lab_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available-for-sale securities</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other investments</link:label>
    <link:label id="lab_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF_label_en-US" xlink:label="lab_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Long-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLongTermInvestments" xlink:label="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:to="lab_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-utility property</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Other, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="arc" />
    <link:label id="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D_totalLabel_en-US" xlink:label="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other property and investments</link:label>
    <link:label id="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D_label_en-US" xlink:label="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total other property and investments</link:label>
    <link:label id="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D_documentation_en-US" xlink:label="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total other property and investments</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalOtherPropertyAndInvestments" xlink:label="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:to="lab_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Utility Plant:</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Property, Plant and Equipment [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less accumulated depreciation and amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:to="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112_totalLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net plant in service and plant held for future use</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112_label_en-US" xlink:label="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public utilities property plant and equipment in service net</link:label>
    <link:label id="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public utilities property plant and equipment in service net</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" xlink:label="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:to="lab_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3_terseLabel_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction work in progress</link:label>
    <link:label id="lab_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3_label_en-US" xlink:label="lab_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in Progress, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:to="lab_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="arc" />
    <link:label id="lab_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C_verboseLabel_en-US" xlink:label="lab_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Nuclear fuel, net of accumulated amortization</link:label>
    <link:label id="lab_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C_label_en-US" xlink:label="lab_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nuclear Fuel, Net of Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearFuelNetOfAmortization" xlink:label="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:to="lab_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="arc" />
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55_totalLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net utility plant</link:label>
    <link:label id="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55_label_en-US" xlink:label="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:to="lab_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Charges and Other Assets:</link:label>
    <link:label id="lab_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9_label_en-US" xlink:label="lab_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Noncurrent [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="lab_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory assets</link:label>
    <link:label id="lab_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2_label_en-US" xlink:label="lab_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Assets, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:to="lab_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative instruments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:to="lab_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="arc" />
    <link:label id="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5_terseLabel_en-US" xlink:label="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other deferred charges</link:label>
    <link:label id="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5_label_en-US" xlink:label="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Deferred Costs Net Including Deferred Finance Costs</link:label>
    <link:label id="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5_documentation_en-US" xlink:label="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Deferred Costs Net Including Deferred Finance Costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts" xlink:label="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:to="lab_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="arc" />
    <link:label id="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B_totalLabel_en-US" xlink:label="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total deferred charges and other assets</link:label>
    <link:label id="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B_label_en-US" xlink:label="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total deferred charges and other assets</link:label>
    <link:label id="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B_documentation_en-US" xlink:label="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total deferred charges and other assets</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalDeferredChargesAndOtherAssets" xlink:label="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:to="lab_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Liabilities:</link:label>
    <link:label id="lab_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26_label_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Current [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="lab_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current installments of long-term debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500_label_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Current Maturities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:to="lab_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:label id="lab_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:to="lab_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Affiliate payables</link:label>
    <link:label id="lab_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979_label_en-US" xlink:label="lab_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Related Parties, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:to="lab_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="arc" />
    <link:label id="lab_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer deposits</link:label>
    <link:label id="lab_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653_label_en-US" xlink:label="lab_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Deposits, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CustomerDepositsCurrent" xlink:label="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:to="lab_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="arc" />
    <link:label id="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1_terseLabel_en-US" xlink:label="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest and taxes</link:label>
    <link:label id="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1_label_en-US" xlink:label="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Interest And Taxes Payable</link:label>
    <link:label id="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1_documentation_en-US" xlink:label="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued Interest And Taxes Payable</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccruedInterestAndTaxesPayable" xlink:label="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:to="lab_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory liabilities</link:label>
    <link:label id="lab_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671_label_en-US" xlink:label="lab_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Liability, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityCurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:to="lab_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative instruments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:to="lab_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967_verboseLabel_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends declared</link:label>
    <link:label id="lab_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967_label_en-US" xlink:label="lab_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends Payable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:to="lab_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="arc" />
    <link:label id="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F_terseLabel_en-US" xlink:label="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transmission interconnection arrangement liabilities</link:label>
    <link:label id="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F_label_en-US" xlink:label="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transmission Interconnection Arrangement Liabilities</link:label>
    <link:label id="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F_documentation_en-US" xlink:label="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transmission Interconnection Arrangement Liabilities</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionInterconnectionArrangementLiabilities" xlink:label="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:to="lab_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other current liabilities</link:label>
    <link:label id="lab_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:to="lab_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:to="lab_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</link:label>
    <link:label id="lab_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD_label_en-US" xlink:label="lab_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Excluding Current Maturities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:to="lab_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Credits and Other Liabilities:</link:label>
    <link:label id="lab_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities, Noncurrent [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrentAbstract" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="lab_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated deferred income taxes</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:to="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="arc" />
    <link:label id="lab_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Regulatory liabilities</link:label>
    <link:label id="lab_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5_label_en-US" xlink:label="lab_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Regulatory Liability, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:to="lab_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Asset retirement obligations</link:label>
    <link:label id="lab_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757_label_en-US" xlink:label="lab_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Retirement Obligations, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:to="lab_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="arc" />
    <link:label id="lab_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF_terseLabel_en-US" xlink:label="lab_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued pension liability and postretirement benefit cost</link:label>
    <link:label id="lab_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF_label_en-US" xlink:label="lab_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability, Defined Benefit Plan, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:to="lab_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity derivative instruments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:to="lab_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A_terseLabel_en-US" xlink:label="lab_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other deferred credits</link:label>
    <link:label id="lab_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A_label_en-US" xlink:label="lab_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Deferred Credits, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDeferredCreditsNoncurrent" xlink:label="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:to="lab_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total deferred credits and other liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248_label_en-US" xlink:label="lab_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Other than Long-term Debt, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent" xlink:label="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:to="lab_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="arc" />
    <link:label id="lab_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8_label_en-US" xlink:label="lab_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:to="lab_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies (See Note 11)</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:to="lab_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="arc" />
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2_verboseLabel_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2_label_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements</link:label>
    <link:label id="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2_documentation_en-US" xlink:label="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:to="lab_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226_terseLabel_en-US" xlink:label="lab_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity:</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="lab_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="arc" />
    <link:label id="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A_terseLabel_en-US" xlink:label="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Company common stockholders&#8217; equity:</link:label>
    <link:label id="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A_label_en-US" xlink:label="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Company Common Stockholders Equity</link:label>
    <link:label id="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A_documentation_en-US" xlink:label="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Company Common Stockholders Equity</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CompanyCommonStockholdersEquity" xlink:label="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="lab_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Value, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:to="lab_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Paid-in-capital</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid in Capital</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:to="lab_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91_verboseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income (loss), net of income taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="arc" />
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total stockholders' equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:to="lab_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="arc" />
    <link:label id="lab_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98_terseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest in Valencia</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:to="lab_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities and stockholders' equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Available-for-sale Securities [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Available-for-sale Securities [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC_terseLabel_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Available-for-sale Securities, Major Types of Debt and Equity Securities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7_terseLabel_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="arc" />
    <link:label id="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D_terseLabel_en-US" xlink:label="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nuclear Decommissioning Trust</link:label>
    <link:label id="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D_label_en-US" xlink:label="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nuclear Decommissioning Trust [Member]</link:label>
    <link:label id="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D_documentation_en-US" xlink:label="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nuclear Decommissioning Trust [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearDecommissioningTrustMember" xlink:label="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:to="lab_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Available-for-sale Securities [Line Items]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Available-for-sale Securities [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:to="lab_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized Gains</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="arc" />
    <link:label id="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B_terseLabel_en-US" xlink:label="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Increase)/decrease in other than temporary losses of available-for-sale securities, net portion recognized in earnings</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B_label_en-US" xlink:label="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase)/Decrease in other than temporary losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities</link:label>
    <link:label id="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B_documentation_en-US" xlink:label="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Increase)/Decrease in other than temporary losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities" xlink:label="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:to="lab_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Available-for-sale Securities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:to="lab_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross realized gains</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Gross Realized Gains</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gross realized (losses)</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Gross Realized Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="arc" />
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available-for-sale securities for which carrying value exceeds fair value</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="arc" />
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held-to-maturity securities for which carrying value exceeds fair value</link:label>
    <link:label id="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairments considered to be other than temporary</link:label>
    <link:label id="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4_label_en-US" xlink:label="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:to="lab_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="arc" />
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies and Responsibility for Financial Statements</link:label>
    <link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:to="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23_label_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:to="lab_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:type="arc" />
    <link:label id="lab_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18_terseLabel_en-US" xlink:label="lab_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total PNMR Common Stockholders&#8217; Equity</link:label>
    <link:label id="lab_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18_label_en-US" xlink:label="lab_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentMember" xlink:label="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="lab_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:to="lab_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AOCI</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AOCI Attributable to Parent [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:to="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Paid-in Capital</link:label>
    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:to="lab_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non- controlling Interest in Valencia</link:label>
    <link:label id="lab_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:to="lab_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="arc" />
    <link:label id="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9_terseLabel_en-US" xlink:label="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cumulative effect adjustment (Note 8)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:to="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Balance, as adjusted</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance TNMP</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:to="lab_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="arc" />
    <link:label id="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708_negatedLabel_en-US" xlink:label="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred stock dividends</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:to="lab_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5_negatedLabel_en-US" xlink:label="lab_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends declared on preferred stock</link:label>
    <link:label id="lab_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5_label_en-US" xlink:label="lab_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends, Preferred Stock, Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:to="lab_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="arc" />
    <link:label id="lab_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends declared on common stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:to="lab_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from stock option exercise</link:label>
    <link:label id="lab_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Value, Stock Options Exercised</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:to="lab_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72_negatedLabel_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Awards of common stock</link:label>
    <link:label id="lab_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72_label_en-US" xlink:label="lab_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchased During Period, Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:to="lab_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock based compensation expense</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:to="lab_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="arc" />
    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Valencia&#8217;s transactions with its owner</link:label>
    <link:label id="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06_label_en-US" xlink:label="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:to="lab_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5_periodEndLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:to="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173_periodEndLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance TNMP</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:to="lab_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:to="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:type="arc" />
    <link:label id="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F_terseLabel_en-US" xlink:label="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advanced Meter System Deployment and Surcharge Request</link:label>
    <link:label id="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F_label_en-US" xlink:label="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advanced Meter System Deployment and Surcharge Request [Member]</link:label>
    <link:label id="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F_documentation_en-US" xlink:label="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advanced Meter System Deployment and Surcharge Request [Member]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" xlink:label="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:to="lab_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Approved deployment costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Deployment Costs</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Deployment Costs</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedDeploymentCosts" xlink:label="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:to="lab_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collection of deployment costs through surcharge period</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Collection of Deployment Costs Through Surcharge Period</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Collection of Deployment Costs Through Surcharge Period</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod" xlink:label="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:to="lab_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of advanced meters installed (more than)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of advanced meters installed</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Number of advanced meters installed</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofadvancedmetersinstalled" xlink:label="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:to="lab_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recovery in cost through initial fees</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Non-standard metering service cost total to be borne by opt-out customers</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Non-standard metering service cost total to be borne by opt-out customers</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:to="lab_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Approved non-standard metering service cost, initial fee range</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1_label_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Non-standard metering service cost initial fee range</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Non-standard metering service cost initial fee range</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:to="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ongoing annual expenses</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900_label_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Non-standard metering ongoing expenses total to be borne by opt-out customers</link:label>
    <link:label id="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Non-standard metering ongoing expenses total to be borne by opt-out customers</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:to="lab_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Approved non-standard metering ongoing expenses monthly charge</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF_label_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Non-standard metering ongoing expenses monthly charge</link:label>
    <link:label id="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Approved Non-standard metering ongoing expenses monthly charge</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:to="lab_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="arc" />
    <link:label id="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72_terseLabel_en-US" xlink:label="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Presumed number of customers that will elect non-standard meter service (in customers)</link:label>
    <link:label id="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72_label_en-US" xlink:label="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presumed number of customers that will elect non-standard meter service</link:label>
    <link:label id="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72_documentation_en-US" xlink:label="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Presumed number of customers that will elect non-standard meter service</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice" xlink:label="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:to="lab_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="arc" />
    <link:label id="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA_terseLabel_en-US" xlink:label="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current number of customers that have elected non-standard meter service (in customers)</link:label>
    <link:label id="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA_label_en-US" xlink:label="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current number of customers that have elected non-standard meter service</link:label>
    <link:label id="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA_documentation_en-US" xlink:label="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current number of customers that have elected non-standard meter service</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice" xlink:label="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:to="lab_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustment of the most recent annual CTC funding amount (greater than or equal to)</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Competition Transition Charge, Adjustment to Annual Funding Amount</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Competition Transition Charge, Adjustment to Annual Funding Amount</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:to="lab_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Requested increase (decrease) adjustment to reduce collection of amortization</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D_label_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Competition Transition Charge, Requested Adjustment to Increase (Decrease) Collection of Amortization</link:label>
    <link:label id="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Competition Transition Charge, Requested Adjustment to Increase (Decrease) Collection of Amortization</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:to="lab_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy efficiency cost recovery factor, total amount requested</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Cost Recovery Factor, Amount Requested</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Cost Recovery Factor, Amount Requested</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="arc" />
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108_terseLabel_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy efficiency cost recovery factor, performance bonus requested</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108_label_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Cost Recovery Factor, Performance Bonus Requested</link:label>
    <link:label id="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108_documentation_en-US" xlink:label="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Public Utilities, Energy Efficiency Cost Recovery Factor, Performance Bonus Requested</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:to="lab_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="arc" />
    <link:label id="lab_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210_label_en-US" xlink:label="lab_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Abstract]</link:label>
    <link:label id="lab_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210_documentation_en-US" xlink:label="lab_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Abstract]</link:label>
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DocumentAndEntityInformationAbstract" xlink:label="loc_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:to="lab_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:type="arc" />
    <link:label id="lab_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998_label_en-US" xlink:label="lab_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:to="lab_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="arc" />
    <link:label id="lab_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="lab_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:type="arc" />
    <link:label id="lab_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A_label_en-US" xlink:label="lab_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:to="lab_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="arc" />
    <link:label id="lab_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:to="lab_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="arc" />
    <link:label id="lab_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:to="lab_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="arc" />
    <link:label id="lab_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0_label_en-US" xlink:label="lab_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:to="lab_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="arc" />
    <link:label id="lab_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6_terseLabel_en-US" xlink:label="lab_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6_label_en-US" xlink:label="lab_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:to="lab_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="arc" />
    <link:label id="lab_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:to="lab_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="arc" />
    <link:label id="lab_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:to="lab_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="arc" />
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:to="lab_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="arc" />
    <link:label id="lab_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B_label_en-US" xlink:label="lab_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:to="lab_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="arc" />
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:to="lab_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="arc" />
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>20
<FILENAME>pnm-20170930_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLoss" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:href="pnm-20170930.xsd#AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:href="pnm-20170930.xsd#CommitmentsAndContingencies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCleanAirActDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:href="pnm-20170930.xsd#CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheets" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementOfChangesInEquity" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfCashFlows" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:href="pnm-20170930.xsd#CondensedConsolidatedStatementsOfEarnings" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:href="pnm-20170930.xsd#DocumentAndEntityInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShare" xlink:href="pnm-20170930.xsd#EarningsPerShare" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:href="pnm-20170930.xsd#EarningsPerShareDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:href="pnm-20170930.xsd#EarningsPerShareTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:href="pnm-20170930.xsd#FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Financing" xlink:href="pnm-20170930.xsd#Financing" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:href="pnm-20170930.xsd#FinancingFinancingActivitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:href="pnm-20170930.xsd#FinancingShortTermDebtAndLiquidityDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/FinancingTables" xlink:href="pnm-20170930.xsd#FinancingTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/Goodwill" xlink:href="pnm-20170930.xsd#Goodwill" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/GoodwillDetails" xlink:href="pnm-20170930.xsd#GoodwillDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxes" xlink:href="pnm-20170930.xsd#IncomeTaxes" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:href="pnm-20170930.xsd#IncomeTaxesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitments" xlink:href="pnm-20170930.xsd#LeaseCommitments" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:href="pnm-20170930.xsd#LeaseCommitmentsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlans" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:href="pnm-20170930.xsd#PensionAndOtherPostretirementBenefitPlansTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMatters" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersPnmDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:href="pnm-20170930.xsd#RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:href="pnm-20170930.xsd#RelatedPartyTransactions" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:href="pnm-20170930.xsd#RelatedPartyTransactionsTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformation" xlink:href="pnm-20170930.xsd#SegmentInformation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:href="pnm-20170930.xsd#SegmentInformationSummarizedFinancialInformationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SegmentInformationTables" xlink:href="pnm-20170930.xsd#SegmentInformationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:href="pnm-20170930.xsd#SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensation" xlink:href="pnm-20170930.xsd#StockBasedCompensation" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:href="pnm-20170930.xsd#StockBasedCompensationDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:href="pnm-20170930.xsd#StockBasedCompensationTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntities" xlink:href="pnm-20170930.xsd#VariableInterestEntities" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesDetails" xlink:type="simple" />
  <link:roleRef roleURI="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:href="pnm-20170930.xsd#VariableInterestEntitiesTables" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple" />
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_3B982479BA7BD232AC36E7FF3386FCC3" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_FD7E9CBD27F43E63F60FE7FF33861291" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_80C1D0EA932EAD9F5B8AE7FF3599A76A" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_80C1D0EA932EAD9F5B8AE7FF3599A76A" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_CD4AACA51DFCAB67F744E7FF3599F676" xlink:to="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_53DEF012A4FE489FCB6CE7FF3599C2FF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_85AD7264B897BE2C7ED0E7FF359981BF" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_53DEF012A4FE489FCB6CE7FF3599C2FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_C699BA8DD64EB627C056E7FF35998D4C" xlink:to="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_B50549E859D0DA7B71AEE7FF35998325" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_1C5F6B282CD7A743950CE7FF3599AACF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_3A534DFD53B96996925EE7FF3599FDA4" xlink:to="loc_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_0B57C58493D1F03AF2B6E7FF35996C7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_E8C9357DD3697900EE94E7FF3599054D" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedOtherComprehensiveIncomeLossRollForward" xlink:label="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_32C035899284026A4E19E7FF3599AEC7" xlink:to="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B7055A0E7325952609BBE7FF3599A2B7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_C4D9FAC2D2CF1941177CE7FF35993D47" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome" xlink:label="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome_48C796FE54F0A28E49FEE7FF359942C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_0DEFCD04EC3E9178C5B2E7FF35994AF4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossTax_7B60002FE4E8845A8C2BE7FF35994219" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_D07BED7044C09AD6CE23E7FF3599083A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward_1D2EB061D9A2D8E026DBE7FF35996156" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_AC55F86FCE9B31FDFF64E7FF35999DF9" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_7F29F039629E9607A67DE7FF34139872" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_7F29F039629E9607A67DE7FF34139872" xlink:to="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_20120AA13B77404B9BD9E7FF341375B8" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingencies" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_2461ACBFD63A3B794C62E7FF3579278D" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_2461ACBFD63A3B794C62E7FF3579278D" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_4E7160569F4ED2FA1D36E7FF35794136" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4E256CC5370D830200E954FAC877EDB6" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4E256CC5370D830200E954FAC877EDB6" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityAxis" xlink:label="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GasfiredgenerationfacilityDomain" xlink:label="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_GasfiredgenerationfacilityAxis_FE94DCF0003B0EE15C3454FAC87870D6" xlink:to="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReevesstationMember" xlink:label="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_GasfiredgenerationfacilityDomain_9B09D89576B85349FF8154FAC878AC91" xlink:to="loc_pnm_ReevesstationMember_1DDC1B0DAED03E32615254FAC878531C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_D1A891F5E184CDE0EAD754FAC878925B" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_091381F81B11882185EA54FAC87860D7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_4B4733885B324451041454FAC878010E" xlink:to="loc_pnm_SanJuanGeneratingStationMember_091381F81B11882185EA54FAC87860D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_535FA9DD4CB9C4B6BC9E54FAC87848E2" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioPlanMember" xlink:label="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_211C4F9C1192A67D815854FAC8780509" xlink:to="loc_us-gaap_ScenarioPlanMember_A45B28845B903830080854FAC8780492" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_98AD052FCDB515A0BD8454FAC8785DEE" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EnergyEquipmentMember" xlink:label="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_4D56C3650EB5EF9E907F54FAC8785E70" xlink:to="loc_us-gaap_EnergyEquipmentMember_BE4BA1CE0010BDFFB91D54FAC8789787" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineAxis" xlink:label="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ClassificationOfMineAxis_4C86EAFAE8B8848C895A54FAC8799624" xlink:to="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SurfaceMember" xlink:label="loc_pnm_SurfaceMember_39730C743A65C76A4FEE54FAC8790975" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ClassificationOfMineDomain_D7178043B66A91AB323C54FAC879D7C7" xlink:to="loc_pnm_SurfaceMember_39730C743A65C76A4FEE54FAC8790975" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_DFC70C270BF9AADD836154FAC8795528" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_CE34045748281041062B54FAC8792B69" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_CE34045748281041062B54FAC8792B69" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnLongTermPurchaseCommitmentMember" xlink:label="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_5E24C550C7763C0ECF2754FAC87A5123" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F50006F75746E15CD60C54FAC879C444" xlink:to="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_5E24C550C7763C0ECF2754FAC87A5123" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_671EC3DF3DCB0FEE807654FAC87A0FDC" xlink:to="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:to="loc_us-gaap_MaximumMember_AAA208D831BBD03AE2E254FAC87A0064" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_75687FF3692DAE54E7C054FAC87AB2EF" xlink:to="loc_us-gaap_MinimumMember_3FC39EEE00708EB0DD4D54FAC87AD5B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_227211FEEEE52F144F6C54FAC87A5BED" xlink:to="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6CE02EA72408607B8A3054FAC87AA0CC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6CE02EA72408607B8A3054FAC87AA0CC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRDevelopmentMember" xlink:label="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_608ABC25310A2BC1747254FAC87A7834" xlink:to="loc_pnm_PNMRDevelopmentMember_A0D14C83237F9D2E49FF54FAC87AFB3E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_0459302FDF4033EB610A54FAC87B4AFF" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" xlink:label="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_D51414DB05203116EAF454FAC87B037D" xlink:to="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_0C939E954C3D36C62F6E54FAC87BC873" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_19B1CD352F3543614A0B54FAC87B412E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits1And4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnits1And4Member_4771857F12928B7E82E754FAC87B69D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits2And3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnits2And3Member_C1F4257EBE9FFF2D222F54FAC87B4BCC" xlink:type="arc" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationMember_091381F81B11882185EA54FAC87860D7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnit4Member_2A8F39D63E29B52CC96854FAC87BC7F9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnit3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationUnit3Member_3615655838C05477045954FAC87BBC4D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit3Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_0E648F1725921B9E972A54FAC87CD8D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_D9934590C7C8F03DCFDA54FAC87CA63F" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersMember_D9934590C7C8F03DCFDA54FAC87CA63F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits4And5CoalMember" xlink:label="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersUnits4And5CoalMember_4E0D5FE2D59E98E82E7154FAC87C48F1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersUnits12and3CoalMember" xlink:label="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_FourCornersUnits12and3CoalMember_E7D08C3BD756A56A1DBA54FAC87C5AB6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationAndFourCornersMember" xlink:label="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_335CC69D49D624C9346154FAC87B44C2" xlink:to="loc_pnm_SanJuanGeneratingStationAndFourCornersMember_2D0C00FBB7602E97EC3554FAC87CD098" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_5D80CB9F4693C8D11B4F54FAC87C971B" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToRegionalHazeMember" xlink:label="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActRelatedToRegionalHazeMember_8BEBA8D20B6C27F3617054FAC87C2133" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSncrMember" xlink:label="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActSncrMember_5124ED5019F63725299654FAC87CC79C" xlink:type="arc" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_CE34045748281041062B54FAC8792B69" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember" xlink:label="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember_B6788F5526E44BCD993354FAC87C84F7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember" xlink:label="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember_C48C36DAA81CD13607DA54FAC87CE9F8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActRelatedToPostCombustionControlsMember" xlink:label="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanAirActRelatedToPostCombustionControlsMember_287C64E6C69EA4619A0A54FAC87CACEB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanPowerPlanMember" xlink:label="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_CleanPowerPlanMember_A0607B8E1B6578C5CCF954FAC87C7420" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember_94400E0DD1A5B083E15254FAC87D4C12" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandardsMember_30B2C159E6C1EB7F586754FAC87D1F8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember" xlink:label="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember_434BF97C227323C9B58A54FAC87D6E2E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WEGvOSMLawsuitMember" xlink:label="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_WEGvOSMLawsuitMember_22F1F7500186DA6CE1F054FAC87DA7B0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SantaFegeneratingstationMember" xlink:label="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_4BC3CD9E202990E9AD4054FAC87CB6D8" xlink:to="loc_pnm_SantaFegeneratingstationMember_CBD47F28E2FEC9C9690854FAC87D9CA2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_715763771D1F0E827E4654FAC8772C7B" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze" xlink:label="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze_CD5CE137A0A7330AE54B54FAC87D708B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum" xlink:label="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum_EFADCEC8455AB43BC26554FAC87DA206" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_InstallationCapitalCosts_2082739C6417E0B6BF3354FAC87D9936" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentownershipinterestinMegawatts" xlink:label="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts_60E22E55D87FD34AB8D354FAC87D3FF9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV" xlink:label="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV_96261E563DCD9340086654FAC87D12C5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117_2B3EE099D8C592771A6054FAC87D7DA1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts" xlink:label="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts_71FC6C34159451C2175954FAC87D40F3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedratebasevalueat112018" xlink:label="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedratebasevalueat112018_536D6E56AB46936F5FD654FAC87DD271" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_37E70F30DA91E9D3A08654FAC87D203C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117" xlink:label="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117_9F2172FCD0CAEC55CB3C54FAC87D41FA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase" xlink:label="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase_66DEE146E228F4BC832654FAC87E0D70" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalfiredgenerationinMegawatts" xlink:label="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_CoalfiredgenerationinMegawatts_7A54A42B78AB58E691FF54FAC87E7426" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020_D2230DAA38700E7E9A9F54FAC87E8097" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits" xlink:label="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits_0DBFDE78CFC1BDB78B3954FAC87E46EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoremainunrecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered_F0417163C4542F519E4354FAC87E5775" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_738CF8DB2D7D99685C0D54FAC87EF889" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_RegulatoryDisallowance_738CF8DB2D7D99685C0D54FAC87EF889" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowanceAdditionalamountrecorded" xlink:label="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_67CE209804622F8E1BA354FAC87E27EB" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_67CE209804622F8E1BA354FAC87E27EB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_FB2673261BE5DF5108E654FAC87EF670" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_4229BEF33CD6E10CD57254FAC87E7B9A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetBookValue" xlink:label="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_NetBookValue_38FB834EFD9D2791EC1F54FAC87E512E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance" xlink:label="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance_4537D02FFBA4371C2F8B54FAC87EDF36" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNetCarryingValueofUtilityPlant" xlink:label="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant_174EB667730654E1ADF154FAC87EFD67" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofotherowner" xlink:label="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="locator" />
    <link:presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberofotherowner_42081C0250C091F0AFA654FAC87E4CBF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Percentageofownershipheldbyexitingowners" xlink:label="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="locator" />
    <link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Percentageofownershipheldbyexitingowners_0F45FB3897E5A647CC0554FAC87E8AF0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentage" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="locator" />
    <link:presentationArc order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesOwnershipPercentage_3720AF0251CF88CF830654FAC87ECFAF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfComplianceAlternatives" xlink:label="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="locator" />
    <link:presentationArc order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesNumberOfComplianceAlternatives_3F505FF7C49487C2B27C54FAC87F81D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts" xlink:label="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="locator" />
    <link:presentationArc order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts_2E676D8EB8AF7F5B71F354FAC87F7E33" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="locator" />
    <link:presentationArc order="28" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8636F4479A2E3AC1C5345514780751F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="locator" />
    <link:presentationArc order="29" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentAdditions_1BAF77A01820FE289BFA54FAC87FAFE0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="locator" />
    <link:presentationArc order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit_DEA52647EEE23E2345B854FAC87F7CA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage" xlink:label="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="locator" />
    <link:presentationArc order="31" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage_1A778A488B0046522AEA54FAC87FA637" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations" xlink:label="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="locator" />
    <link:presentationArc order="32" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations_7956AB1D72FB4A06C4DF54FAC87F7B7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_908AE98C789844DB260B54FAC87F6F8C" xlink:type="locator" />
    <link:presentationArc order="33" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_908AE98C789844DB260B54FAC87F6F8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets" xlink:label="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="locator" />
    <link:presentationArc order="34" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets_B08A2779C772285C89C454FAC87F4ADF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan" xlink:label="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="locator" />
    <link:presentationArc order="35" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan_406E6C4EF5D11193716554FAC87FDAE2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimetoactonsettlement" xlink:label="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="locator" />
    <link:presentationArc order="36" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodoftimetoactonsettlement_70060598FE5A6CC0F07454FAC87F616B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEmissionsTonsofSO2peryear" xlink:label="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="locator" />
    <link:presentationArc order="37" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesEmissionsTonsofSO2peryear_F16D280D5F8FE13545D954FAC87F561A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilities1hourSO2EmissionsRate" xlink:label="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="locator" />
    <link:presentationArc order="38" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilities1hourSO2EmissionsRate_D204BB127472AA4A45F454FAC87FCD7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon" xlink:label="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="locator" />
    <link:presentationArc order="39" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon_7B8C14EA70C97BE5CDCE54FAC87FFECB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="locator" />
    <link:presentationArc order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit_8F3C9C5C5E6A227FDF1154FAC87F4B6B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesGovernmentStandardEmissionLimit" xlink:label="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="locator" />
    <link:presentationArc order="41" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_PublicUtilitiesGovernmentStandardEmissionLimit_18899043E122FB6B9D9854FAC880FD9F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimefromstatedesignationtoprovideimplementationplans" xlink:label="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="locator" />
    <link:presentationArc order="42" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans_3DE8EFBD8EB2ABD7516A54FAC8806D1A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofminesimpacted" xlink:label="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="locator" />
    <link:presentationArc order="43" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofminesimpacted_3500D9B6C711F38391BC54FAC8802677" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofstatesimpacted" xlink:label="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="locator" />
    <link:presentationArc order="44" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofstatesimpacted_2D3F410646C68EAC04F554FAC880BE5A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofclaimsforrelieffiled" xlink:label="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="locator" />
    <link:presentationArc order="45" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofclaimsforrelieffiled_DE7F1CD7866E01DE46E054FAC880D121" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Requirementstobeimplemented" xlink:label="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="locator" />
    <link:presentationArc order="46" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Requirementstobeimplemented_788B7AD2DB0BD558193A54FAC8800301" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofwellswithelevatedlevelsofnitrates" xlink:label="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="locator" />
    <link:presentationArc order="47" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_4A17A31832A6C62B202A54FAC87DABA6" xlink:to="loc_pnm_Numberofwellswithelevatedlevelsofnitrates_2CB9BCF0E869F2EB9AA554FAC8806728" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0DFB37A70DF255277B674BE6966C9C01" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0DFB37A70DF255277B674BE6966C9C01" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_15C6A7591BD1E7873D504BE6966C291A" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FourCornersMember" xlink:label="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_435B9DE6261602A08B5D4BE6966C123C" xlink:to="loc_pnm_FourCornersMember_E27495A0B49C09BED45F4BECC6B4EF12" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_4438F9053C94F4AE51A44BE6966D79A0" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseincoalminedecommissioningliabilityMember" xlink:label="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:to="loc_pnm_IncreaseincoalminedecommissioningliabilityMember_E3B5309326E119661F334BE6966D37E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MineReclamationTrustMember" xlink:label="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_BBA729292C382AD219D44BE6966D424D" xlink:to="loc_pnm_MineReclamationTrustMember_44E30723968D0B193D1E4BE6966D12C5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_29E9796539AA5B2F6A8F4BE6966D6A25" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_642D148DF6FA346351764BE6967245F2" xlink:to="loc_us-gaap_SubsequentEventMember_4E3F8418C70EBF2338A04BE696728A84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_0D6841F4A34718DF74914BE6967386A5" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_BTMUTermLoanAgreementMember" xlink:label="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_1227E3CDD33CAF0FC7B34BE69673F733" xlink:to="loc_pnm_BTMUTermLoanAgreementMember_23B1053B164082F583FA4BE69673AB43" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_DE644AF73128D06596004BE6967346E4" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_661BE43A6DBA543E11AB4BE696731BCE" xlink:to="loc_pnm_CoalSupplyMember_04DB302EE31D90FA779F4BE69673B1DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F318FE9D3C20566CCE8A4BE696735109" xlink:to="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_482949EAD9782D1F07154BE69673EB2B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_482949EAD9782D1F07154BE69673EB2B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_NMCapitalMember_E9C98D91D3E1E122107D4BE69673EF5F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UnaffiliatedthirdpartyMember" xlink:label="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C82A307DC032BBCE3B2D4BE69673D51A" xlink:to="loc_pnm_UnaffiliatedthirdpartyMember_328D6AA871A742ED59C24BE69673286F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_B16913E07CDA688BE7604BE69673C208" xlink:to="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnLongTermPurchaseCommitmentMember" xlink:label="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_2661ABF8142AACB0F41F4BE69674811E" xlink:to="loc_us-gaap_LossOnLongTermPurchaseCommitmentMember_F5EFAC00B35B5687CBA54BE696743369" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_9FD05D2B79D54DE33AC84BE6967471FC" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:to="loc_pnm_SanJuanGeneratingStationMember_01A2AA3A9649E52793D14BE69674E793" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_E4C04B1FE1AD872C53214BE69674E9C3" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_8F5CB331413D4D59303E4BE69674EB5C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineAxis" xlink:label="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ClassificationOfMineDomain" xlink:label="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ClassificationOfMineAxis_BFB5D971078C213ED5074BE696749CE1" xlink:to="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SurfaceMember" xlink:label="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:to="loc_pnm_SurfaceMember_B41664542212242B5CEF4BE69674BC45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UndergroundMember" xlink:label="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ClassificationOfMineDomain_75B6635B21BD39AF03714BE696747E88" xlink:to="loc_pnm_UndergroundMember_F5D5360C1971BAA522FA4BE696749E9E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_DF320F8DB3FC8D552C8D4BE6966CF678" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_OtherAssetsCurrent_F4477EFD93989D083A624BE696743F50" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_1FA06497E2A10B2C1DF84BE69674704F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_RegulatoryDisallowance_1FA06497E2A10B2C1DF84BE69674704F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" xlink:label="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_61BBC1456F9ABCEE10F64BE69674C43E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LongTermDebt_112E5EF129609AA99F164BE69674B7F7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_4F5E0D120B130446E3394BE69674F92B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:label="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansReceivableBasisSpreadOnVariableRate_6FAF93AA475F2C3ED0EF4BE69675F9C5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_EE02F4355A014084AB734BE696752D2A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledprincipalpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_01A11A7745F827CE20424BE69675727C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledinterestpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_586A1C97D1CD8C458AFD4BE69675A405" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_RestrictedCash_8640C442C8B8159C8B944BE6967552B8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Prepaymentpenalty" xlink:label="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Prepaymentpenalty_80F8E25AE3FC0BF428E34BE696756663" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalMineReclamationBondstobepostedwithNMMMD" xlink:label="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_CoalMineReclamationBondstobepostedwithNMMMD_8D7BF9BD4B43353E37064BE69675535D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Cashusedtosupportbankletterorcreditarrangement" xlink:label="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_1C0F3E859BFD530D03874BE696754AE6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage" xlink:label="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage_F470B46D9A01995E7A734BE69675E09B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount" xlink:label="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_3F77487BA0CBE566152D4BE696759F97" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowanceAdditionalamountrecorded" xlink:label="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_RegulatoryDisallowanceAdditionalamountrecorded_A6829E8B4385DB3E5FF54BE6967524BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_2549363C74BAE6430DC34BE69675428D" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_2549363C74BAE6430DC34BE69675428D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_B268163351A4746714C04BE6967562C9" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_B268163351A4746714C04BE6967562C9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingCurrentfiscalyear" xlink:label="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingCurrentfiscalyear_ECB265BC08D637A7017D4BE6967567D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear2" xlink:label="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingYear2_5D44936AF52EB41EB8504BE69675A100" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReclamationTrustFundingYear3" xlink:label="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_ReclamationTrustFundingYear3_7EBADBAADA2B76A501D54BE6967527D5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofannualinstallmentpayments" xlink:label="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_PublicUtilitiesNumberofannualinstallmentpayments_84D3F3BDD69320A8CEC24BE69675A4F5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinalReclamationCappedAmountToBeCollected" xlink:label="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="locator" />
    <link:presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_pnm_FinalReclamationCappedAmountToBeCollected_0C48FBC0FCCF69A8822D4BE696750C4F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="locator" />
    <link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0037B467F3B34BA7614A4BE696746540" xlink:to="loc_us-gaap_RegulatoryAssets_D313DE40823864061E974BE6967BB262" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_0A6333650082E594B669E7FF33F3CEDA" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_A9F21C52ED21F915EC19E7FF33F32EDE" xlink:to="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_43682CA40B686EF674A8E7FF33F3B50C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_40BDBBBECFF4E12EF564E7FF33F388FE" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_43682CA40B686EF674A8E7FF33F3B50C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_02FF8C48137850F64750E7FF33F3F819" xlink:to="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearSpentFuelAndWasteDisposalMember" xlink:label="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_F8B739AD70184D32EECCE7FF33F3B04D" xlink:to="loc_pnm_NuclearSpentFuelAndWasteDisposalMember_20273F0193F12A7F7F40E7FF33F3D4AA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_73F7FA9BBB9E14AC109EE7FF33F3D830" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_202D5CE32C11EE17E723E7FF33F32B8C" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_63CD5262EE03D1970C7BE7FF33F354C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationAxis" xlink:label="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FinancialStatementLocationDomain" xlink:label="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FinancialStatementLocationAxis_884B3C4C1100C0760C68E7FF33F36912" xlink:to="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCreditsMember" xlink:label="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FinancialStatementLocationDomain_CD3CD1058A58B8FBD999E7FF33F34FFB" xlink:to="loc_pnm_OtherDeferredCreditsMember_9EAE9C20D2B61312EE1EE7FF33F33047" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_8FCC8EB946BDCE1FF737E7FF33F39CC1" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_7B79720B24866C206C51E7FF33F3E45D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_us-gaap_LossContingencyAccrualAtCarryingValue_80B49ADA49A9EECE1A0DE7FF33F36DE6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RevisedAnnualFeeNuclearWasteDisposal" xlink:label="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_D1F4D71595A119BD8FCCE7FF33F3096E" xlink:to="loc_pnm_RevisedAnnualFeeNuclearWasteDisposal_A020BC3BCA9BE3F2B66CE7FF33F36914" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_8DED666AF15AAC14FAF154FAC8484AF1" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesTable" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_8DED666AF15AAC14FAF154FAC8484AF1" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_2F459AC5FE6117DCFB13553C68A3E6A4" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_0F64ECBE18C5B2A056AF553C91DB29BC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_3B8FA43C87D84C3C775E553C68AABBEA" xlink:to="loc_us-gaap_SubsequentEventMember_0F64ECBE18C5B2A056AF553C91DB29BC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusDomain" xlink:label="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LitigationStatusAxis_363DE205368BC5A05CF354FAC849D3E8" xlink:to="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PendingLitigationMember" xlink:label="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:to="loc_us-gaap_PendingLitigationMember_F06C7F0473039EF2672454FAC849D0F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SettledLitigationMember" xlink:label="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LitigationStatusDomain_D43B20191B80A13616ED54FAC849276B" xlink:to="loc_us-gaap_SettledLitigationMember_ED23B120832096F5057954FAC8496C9C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierAxis" xlink:label="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InsuranceCarrierDomain" xlink:label="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_InsuranceCarrierAxis_C69F9414F153BC6B980254FAC8499301" xlink:to="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommercialProvidersMember" xlink:label="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:to="loc_pnm_CommercialProvidersMember_DE633480FBB4E0237F0554FAC8499DFF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IndustryWideRetrospectiveAssessmentProgramMember" xlink:label="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_InsuranceCarrierDomain_CD699C9C88701A2F390054FAC84949E6" xlink:to="loc_pnm_IndustryWideRetrospectiveAssessmentProgramMember_A5E3058EBCBEB468536054FAC84A60F0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_108AF54AD6587CE3892854FAC84AFBAD" xlink:to="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3B927B8C14574715297F54FAC84AFB6D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3B927B8C14574715297F54FAC84AFB6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstChoiceMember" xlink:label="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_14F18C7DBD8BD6596CD054FAC84A104F" xlink:to="loc_pnm_FirstChoiceMember_828DC99C19B29961FB8754FAC84A903D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_0DB247E075BCBBE1362154FAC84AD048" xlink:to="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_87FCD0394FD210AFCCD554FAC84A564C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_987F152D58ED2A9C830C54FAC84ADE8C" xlink:to="loc_us-gaap_MaximumMember_87FCD0394FD210AFCCD554FAC84A564C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C8DACF8B7BCF4234589854FAC84A0ECB" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_5075AB210A22E30D210B54FAC84AC039" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_118E1A2B3147E6A68F5354FAC84A03AF" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_5075AB210A22E30D210B54FAC84AC039" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilityAxis_13F05EDB82D608168CC354FAC84B3F1A" xlink:to="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearPlantMember" xlink:label="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_UtilityPlantDomain_B0E4ED53DF40A24F808654FAC84BD27F" xlink:to="loc_us-gaap_NuclearPlantMember_7FBDE48B79C8AF89AA4A54FAC84B1C10" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsAxis_3460C4EB50FC8558D3C754FAC84BA996" xlink:to="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ContinuousHighwallMiningMember" xlink:label="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:to="loc_pnm_ContinuousHighwallMiningMember_B2286CC74DE44D29C89454FAC84BED8E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NavajoNationAllotteeMattersMember" xlink:label="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_214A5D1D059DF65138BE54FAC84BF4BE" xlink:to="loc_pnm_NavajoNationAllotteeMattersMember_B37C62A2B3EA3437695A54FAC84B22AD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesAxis" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JointlyOwnedGeneratingFacilitiesDomain" xlink:label="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesAxis_18D30369B96068DF6AE154FAC84CFCA2" xlink:to="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_C3C0F0C51796BACD392A54FAC84C5377" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_JointlyOwnedGeneratingFacilitiesDomain_39B5484805FA5E62A70854FAC84C4BF2" xlink:to="loc_pnm_SanJuanGeneratingStationMember_C3C0F0C51796BACD392A54FAC84C5377" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesTable_9BC88A4F9FBB1F8AB4D454FAC8491703" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate" xlink:label="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate_21499D1BACA840534C3354FAC84CB158" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003" xlink:label="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003_D2D4728C61FCBA705AE354FAC84CAFE5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_4F893B4680DCDB5BBEE954FAC84C2F55" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange" xlink:label="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange_E80479862C57AD2ED90754FAC84C1E7B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverage" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverage_3A9901E8A5457CAF066354FAC84CDFAC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor" xlink:label="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor_B1B210A8A6278C43237454FAC84CC86B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofUnits" xlink:label="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberofUnits_3EB243F37719A0BC0A0F54FAC84D46B5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident" xlink:label="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident_3064D4CE193764C8536854FAC84D689C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident" xlink:label="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident_FA9DEC1144A47C2DAA9254FAC84D7BA7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance" xlink:label="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance_1064609DAD263762C91D54FAC84D0B9E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit" xlink:label="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit_221A926AFC1B36E3BFFE54FAC84D7456" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited" xlink:label="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited_9BC31CB0DCFDD4E14EEE54FAC84D5CA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWatertoNumberofCities" xlink:label="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProvideWatertoNumberofCities_C8CFFCD498BCEFF7D8B954FAC84DA2C1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProvideWaterforPeriodofTime" xlink:label="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesProvideWaterforPeriodofTime_955C0653B4139A4BA9A454FAC84DDFAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyPendingClaimsNumber" xlink:label="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_us-gaap_LossContingencyPendingClaimsNumber_D1DEB6DEA21BD1D648EC54FAC84D566B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired" xlink:label="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired_C8FDDE02D32930B1CBB054FAC84D486A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberoflandownersclaimingtobeNavajoallottees" xlink:label="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberoflandownersclaimingtobeNavajoallottees_738998C468344282359054FAC84DE999" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsappraisalrequestedforreview" xlink:label="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentparcelsappraisalrequestedforreview_9021B2CA021DEA9DE26254FAC84D3859" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents" xlink:label="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents_BF854495DD1C4BC1D6CE54FAC84D5FBD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AreaOfLand" xlink:label="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_us-gaap_AreaOfLand_5520E34284FBAE5134A354FAC84E6469" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberofallotmentparcelsatissueNottobecondemned" xlink:label="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_NumberofallotmentparcelsatissueNottobecondemned_E563927FE5FF7D10194254FAC84E5186" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofallotmentparcelsatissue" xlink:label="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_Numberofallotmentparcelsatissue_5034C487C7A28729B43554FAC84E0355" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" xlink:label="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_8D598B8B819354169901551F1C2F7610" xlink:type="locator" />
    <link:presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_8D598B8B819354169901551F1C2F7610" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdditionalTaxDuePlusPenaltiesandInterest" xlink:label="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="locator" />
    <link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_471525569206905680F554FAC84C9EC8" xlink:to="loc_pnm_AdditionalTaxDuePlusPenaltiesandInterest_59B21539DB261AF04E6854FAC84E4B73" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_FFBD33BD750EA8FDF7405F37FE968CC6" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_FFBD33BD750EA8FDF7405F37FE968CC6" xlink:to="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:to="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_BC0E3FA2EE8A4AF935095F37FE97D4B9" xlink:to="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_73C0B5B83EADCCA3B7CA5F37FE97346D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_73C0B5B83EADCCA3B7CA5F37FE97346D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E80D228079F8621A3C405F37FE975783" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_7B79A22850199527CE475F37FE978C45" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E80D228079F8621A3C405F37FE975783" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_9DE19396B7E0DBED8AF35F37FE97FE44" xlink:to="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:to="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_5D871F3C4135F6DFFC3F5F37FE97401E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_7F33A33580E624D9F41A5F37FE972FDD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnbilledReceivablesCurrent" xlink:label="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_UnbilledReceivablesCurrent_309B4E58211841AFC6A95F37FE97A79D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_OtherReceivables_9A94CF49343A4F8506485F37FE9798D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossCurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossCurrent_E87263ABB066A3AA350F5F37FE9734D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_DueFromRelatedPartiesCurrent_029FA5A40AE7EE7BBFFC5F37FE970C25" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_InventoryNet_436D82C7FF001734C84D5F37FE97C1DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsCurrent" xlink:label="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_RegulatoryAssetsCurrent_B85869D93179C71517615F37FE97754E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_BA68DBB683B691011FE15F37FE976D83" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_IncomeTaxesReceivable_4F44B023FE899860C5D55F37FE972300" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_0F77D01CD86871D7E1E55F37FE9736C3" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_OtherAssetsCurrent_0F77D01CD86871D7E1E55F37FE9736C3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_9748F2724D3EEEDF601C5F37FE979148" xlink:to="loc_us-gaap_AssetsCurrent_5694977D3894B01DE27E5F37FE97E338" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherPropertyAndInvestmentsAbstract" xlink:label="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansReceivableGrossNoncurrent" xlink:label="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_NotesAndLoansReceivableGrossNoncurrent_500F7FB158F5225C8DF75F37FE980A43" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesNoncurrent_EDAB66F1F1A7077FD9865F37FE987AC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLongTermInvestments" xlink:label="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_OtherLongTermInvestments_519C388E8B3EA5DEE7FA5F37FE98F1DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentOtherNet_6545D581C43B007313875F37FE98BEC9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalOtherPropertyAndInvestments" xlink:label="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_OtherPropertyAndInvestmentsAbstract_1960FF2BBCC560C19BC55F37FE98F789" xlink:to="loc_pnm_TotalOtherPropertyAndInvestments_7CED2AAEC9C5A723CD6B5F37FE98451D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_883CB645E3F66EA7CF755F37FE98C5B5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService_883CB645E3F66EA7CF755F37FE98C5B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation_FA813060C8026847527A5F37FE981FB8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet" xlink:label="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet_3C764A1E9CCFD0F345BA5F37FE982112" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:label="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_ConstructionInProgressGross_63280A6497DE6FD67E125F37FE98AEB3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NuclearFuelNetOfAmortization" xlink:label="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_NuclearFuelNetOfAmortization_3D20E07FDC5D1A66CACC5F37FE982A7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract_93C80E9B57472AEE3A2D5F37FE989C45" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_584CB5E28D464FE387A15F37FE987B55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_9A55058C03F222F42E4D5F37FE97A9FF" xlink:to="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_RegulatoryAssetsNoncurrent_C4F1B7869E6823D0E5F45F37FE9845B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_EFEB439163E1C0E3B9CC5F37FE98989D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_Goodwill_EFEB439163E1C0E3B9CC5F37FE98989D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_123356767B392E79A13C5F37FE986800" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts" xlink:label="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts_B957A2CC986096C146CF5F37FE9885E5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TotalDeferredChargesAndOtherAssets" xlink:label="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_pnm_TotalDeferredChargesAndOtherAssets_9CECE6484910E02CAD9C5F37FE98FE9B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_186728AF62CF1C7471D65F37FE981573" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherAssetsNoncurrentAbstract_09D79FE7B6291F02CA655F37FE98DFA9" xlink:to="loc_us-gaap_Assets_186728AF62CF1C7471D65F37FE981573" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_9386410E483CC71526D25F37FE973B33" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_62FD227E5D8ABE6F0BE55F37FE991C02" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_ShortTermBorrowings_62FD227E5D8ABE6F0BE55F37FE991C02" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_E48CA02272CE2EF998E15F37FE99F53D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_ShortTermDebtDueToRelatedParty_E48CA02272CE2EF998E15F37FE99F53D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_LongTermDebtCurrent_426EE48427383C0E854E5F37FE99D500" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_AccountsPayableCurrent_6FA4151DFB5F9E6F4DC85F37FE9935B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_AccountsPayableRelatedPartiesCurrent_6442940C2486680935765F37FE99A979" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CustomerDepositsCurrent" xlink:label="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_CustomerDepositsCurrent_06F6E01E033710EE9C505F37FE99C653" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccruedInterestAndTaxesPayable" xlink:label="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_AccruedInterestAndTaxesPayable_3FE6EBDFA50C4BAC24DF5F37FE9992F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityCurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_RegulatoryLiabilityCurrent_6E17A10020F1BB8786015F37FE99A671" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_69B3AA0C1F2436164A265F37FE99018A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_DividendsPayableCurrent_148573EA3EBD2D4644295F37FE997967" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionInterconnectionArrangementLiabilities" xlink:label="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_pnm_TransmissionInterconnectionArrangementLiabilities_E92054B5BECBD9057BE55F37FE99A39F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_8535344A871A430FF1C05F37FE99BCF6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_9894AEF23435098F75BD5F37FE983D26" xlink:to="loc_us-gaap_LiabilitiesCurrent_EDFC1225B6BE34BED6965F37FE992008" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_5FAD3B41E762EDC3E32D5F37FE9968FD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrentAbstract" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_07EE8F7EA8DC2BFF69C95F37FE9946C8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_RegulatoryLiabilityNoncurrent_45B0FCC77C05E52749605F37FE9970D5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_AssetRetirementObligationsNoncurrent_749BC9D2EB9C5687BECF5F37FE991757" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_7A58840987B0CA05D9945F37FE99DBCF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_7B40BCF2E2CF7CE09B825F37FE992ED9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDeferredCreditsNoncurrent" xlink:label="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_OtherDeferredCreditsNoncurrent_5B1E3C2FFDF1FB988FB05F37FE9ABF9A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent" xlink:label="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesNoncurrentAbstract_37A7F0BDED96CD75286C5F37FE99A5FF" xlink:to="loc_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent_0F450B0F821FFB5F77E85F37FE9A4248" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_Liabilities_F8F80CE215E0200FAD795F37FE9AC4D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_CommitmentsAndContingencies_788E7B49738F485A28E35F37FE9AC93F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements_4305476258A83DD216B15F37FE9A32B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CompanyCommonStockholdersEquity" xlink:label="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_CommonStockValue_FC1178ED3870FE05AFAA5F37FE9A9483" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_AdditionalPaidInCapital_C9619FCDB757CE6C8DA05F37FE9A4BFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_A8A2109C3C9E4594E3A95F37FE9A4A91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_EAF0F28AD0CB85C4910C5F37FE9B6FAB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CompanyCommonStockholdersEquity_9E67F473D08E568D4C6D5F37FE9AD46A" xlink:to="loc_us-gaap_StockholdersEquity_A341B4B72E605733A3E35F37FE9B1D0B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_us-gaap_MinorityInterest_AAAF2200845BDAF8BFFC5F37FE9BFA98" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_EAD65DAE84DF1D296B2E5F37FE9A0226" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9128BF1BA60856986FB95F37FE9BEF2D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_EE40B96359D049239D055F37FE9847D4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_0B0999C202B7F97259A15F37FE9B9106" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_A5122121906F6AF2188F4B25710F316F" xlink:to="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:to="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_4D0FAFB1F7FB42898DC94B25710FD07F" xlink:to="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_E1C6CF2B4FE2EFA209084B25710FFCFC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_BB1C32343C4FB3DA23484B25710FFC67" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_FF86A7215C98C11307BB4B25710F5B6F" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_BB1C32343C4FB3DA23484B25710FFC67" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_C2BD1E8D0605BEA732914B25710FC40B" xlink:to="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_161B2DF80623E3458B744B25710FCBE9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AccumulatedAmortizationNuclearFuel" xlink:label="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_AccumulatedAmortizationNuclearFuel_502D35C747D1020D79D64B25710F8AD9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare_BD3C0C83BC1AC2AFEAC94B25710F86F2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized_C50BD4BD70B4A1C1E2074B25710F2091" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued_FDAA9A56F1809C2643AB4B2571100A15" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding" xlink:label="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding_9511DF3F00A6E47CFB904B2571105518" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_C03B980DB922937E15D24B2571106E96" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesAuthorized_FE743E89916A713964134B257110BC9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesIssued_AAB911199F6D60A1FDFF4B2571108FFB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_B192E270F391BDCCAB644B25711058B2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockNoParValue_E8048DF65EA52ACE03684B25711073F7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_0C894419252D195B7FEA4B257110532B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_68FAD6736B9F8AB11C2F4B257110FF8A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesIssued_5C25774883F600E508C84B2571100F84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_8EDD7CCB6701A268B6704B25710F5F73" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_CAEFB98FFEE3103101A64B257110CF16" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_A5E6DA171F4D3EB53C0A5F37FE85EE23" xlink:to="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:to="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_C136FE28C99987599F905F37FE8554A3" xlink:to="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_8F5DCF159E563CA3DF275F37FE8688A7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_8F5DCF159E563CA3DF275F37FE8688A7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_A30FACF8614456E006955F37FE86F5DF" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_493A6435B592C6B5923A5F37FE86977C" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_A30FACF8614456E006955F37FE86F5DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_09F5E4281B9775E6EBBA5F37FE860F27" xlink:to="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentMember" xlink:label="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:to="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_CommonStockMember_B414E97FC888E65FA9235F37FE86168C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_4AB6E0CFF23EB265432C5F37FE86DEAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_153017670A8AEF8B007B5F37FE863602" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_1373F4225ED3209C31965F37FE8632A4" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_3EF0BD698CF8141D9A615F37FE867F18" xlink:to="loc_us-gaap_RetainedEarningsMember_1373F4225ED3209C31965F37FE8632A4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_074C61F34F9F73504D165F37FE86C837" xlink:to="loc_us-gaap_NoncontrollingInterestMember_5C6CF305F00DDF2BCBF95F37FE86FBC0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_D6ED3EB4BE3AE91DB6FF5F37FE85E672" xlink:to="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_E2293BD38B6363C5D7AC5F37FE862731" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_22BD2994DD119D789EE65F37FE86E11E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_D26DE3499AB47B1B0AEE5F37FE86FDE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1_E0271C559751CEA754B95F37FE86C0F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquity_C829006E1AEE7D9714585F37FE869479" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_87536672EE5235616DD55F37FE86E46F" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_ProfitLoss_87536672EE5235616DD55F37FE86E46F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_5AA4C8ECF74E076428285F37FE862BAC" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_NetIncomeLoss_5AA4C8ECF74E076428285F37FE862BAC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_8E7045C30686169808D95F37FE868943" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_5BC4427143974C1E9FE55F37FE864708" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_DividendsPreferredStockCash_69EF6E3A0BA21E9CCDFB5F37FE861DF5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_DividendsCommonStockCash_C3426650C117161D8A615F37FE868A5C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_3841BE113B18F222B5535F37FE875500" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodValue_513FB5B080F2B6DDCF715F37FE877F72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_439AEEECCCFC46E85BB75F37FE874263" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_29CC8736E88F7A8EBF035F37FE872B06" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_835F28AEF58EDE4D58505F37FE87CFA5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_7A6D3BD865D957ED03535F37FE867435" xlink:to="loc_us-gaap_StockholdersEquity_01388739910FDF9FAA755F37FE87A173" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_10C104556201A3CC9DD25AAA0BAFC684" xlink:to="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:to="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_70F082F8498405674E3D5AAA0BB2E910" xlink:to="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_22E23E781F81B0D8A14C5AAA0BB23CED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B0FA306F9212CAA0F32E5AAA0BB221D8" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E9FD2F621B898FB8BD615AAA0BB2B934" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_55B6A0BF7C1011533AFF5AAA0BB108B6" xlink:to="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_ProfitLoss_16D189FAE9543EDEC0105AAA0BB4B75B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_NetIncomeLoss_6DA3DCB5B1BA5AE224095AAA0BB4EBD6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_94F0AB09E3AA2DCDF27B5AAA0BB6E61E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_65E6ABEAED2B83C515865AAA0BB6C68B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_58524A6C932CC5CB81C45AAA0BB65A72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_E96BCA3F20C5829FC6D35AAA0BB752FC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_ShareBasedCompensation_9635610F0F3E54BA832C5AAA0BB74D45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_pnm_RegulatoryDisallowance_7592B3E1F3B329D879D25AAA0BB7711C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_0C4F6393B3092B86033C5AAA0BB7DD18" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_436E5723913BE199C4B85AAA0BB627D8" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_23BFF24218EBD81669805AAA0BB709BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues" xlink:label="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues_3293A14498EC804CA2BE5AAA0BB7AA48" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_1115082D14E9F4534FC85AAA0BB77112" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_964473444D287A4595DC5AAA0BB742D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_49372AA2703BD77DFD035AAA0BB7AC35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_17FE1AB9F9F0A51912965AAA0BB72C5F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseInAccruedInterestAndTaxes" xlink:label="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_pnm_IncreaseDecreaseInAccruedInterestAndTaxes_6516C876D30C384FB47B5AAA0BB80103" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_E700CF4AE7ADDACD07755AAA0BB87FFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_FB56FDDD3B9FA74374E65AAA0BB75031" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_1E7DB13F6B9EF19C6C575AAA0BB8C270" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0C089DA117DEC0A18FC25AAA0BB37295" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_68BEBC37BB894FC8D49A5AAA0BB8F964" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_9AF14C10AA46AE01CF685AAA0BB8122C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_71C5A68D1AFD47D640355AAA0BB8EC30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_2435EE6634183FA7331C5AAA0BB8F898" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ReturnOfPrincipalOnPvngsLessorNotes" xlink:label="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_pnm_ReturnOfPrincipalOnPvngsLessorNotes_70AF9DC92CFDDCDF27205AAA0BB8D98F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_4F4ECB7815B6DEC6EBDF5AAA0BB80421" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_301C224DDFABEAE89F5E5AAA0BB8EB5A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_5F0C30464AD2FD8430DA5AAA0BB866F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_69ED360096706B7C7CF35AAA0BB84469" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_98F25AB512B3C1A6230C5AAA0BB88D6E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_F443E05340082FE50C675AAA0BB955CC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_50D68EB4B5D8F11FEF285AAA0BB9DABD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_D1E3F234D9FB880180AF5AAA0BB9D84B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_8EBAB9515583E51994D35AAA0BB9A8D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromContributionsFromParent" xlink:label="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromContributionsFromParent_5B5733094490F1DD8CCB5AAA0BB9E098" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromStockOptionsExercised_47CD8932F05F4BA527BE5AAA0BB9A1D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_0C858545194FE48FBAE55AAA0BB94D5F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfOrdinaryDividends" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsOfOrdinaryDividends_382028EC97D600D98D025AAA0BB942FE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_PaymentsOfDividendsMinorityInterest_39409A16E120767583615AAA0BB929DF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ProceedsFromTransmissionInterconnectionArrangements" xlink:label="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_pnm_ProceedsFromTransmissionInterconnectionArrangements_0CD8AD8370011D1CA1065AAA0BB9EBEB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RepaymentsFromTransmissionInterconnectionArrangement" xlink:label="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_pnm_RepaymentsFromTransmissionInterconnectionArrangement_D63591C76397440DC8B35AAA0BB909A9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_2C10CBFFB2DD15A8B2965AAA0BBAA359" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_E0472A4E83A8BCA2D0345AAA0BB93925" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_D3C0F31EA77859EB7D0F5AAA0BBAA748" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_45946942D4A5049489CD5AAA0BBAEF3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_47E5E14BE71BB6444AAB5AAA0BBAE016" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_75FC5D0497B0F94BA8D15AAA0BBAF22E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction" xlink:label="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:to="loc_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction_2BDF3D829FAE944FBDAC5AAA0BBA9858" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_39BA20F334B4A779D5C05AAA0BBACBC5" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_16D1488F1DDD37C476E65AAA0BBA9C3E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A684C7E7584037CDEAA45AAA0BB3115C" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid" xlink:label="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97E3A1024B8E267DC5D75AAA0BBADC75" xlink:to="loc_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid_187D781A4FAB709283685AAA0BBA9B6E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_0A0D6302E56C487616734AD833927AC2" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_0A0D6302E56C487616734AD833927AC2" xlink:to="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:to="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_DD63C124091CC40C13634AD833927150" xlink:to="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9E688B474BB217B73F314AD8339205E5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_DCDCCB745C48DBE88B3F4AD833921E7F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9E688B474BB217B73F314AD8339205E5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_63672E9530DA545C3A014AD833921FDE" xlink:to="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_29E8BE7B4E70BDE1AC8D4AD83393E068" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:to="loc_us-gaap_ProfitLoss_29E8BE7B4E70BDE1AC8D4AD83393E068" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_1C196346B2756F0D46474AD83393186E" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_3F0E5FFFFCC3F0570D7B4AD83393C8B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_603EC2CF04002CCAD3334AD833931FD5" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_192DB9E4F521F3325D4C4AD833935E04" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_99FAEA1839A22128F21D4AD8339369F1" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax_E6CEAEDECC6A9B982CEF4AD833935959" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_3EB3B9930E5E82C8594B4AD8339352CF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract_F97F8E360F35088655B64AD83393C785" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_D2D7A22663F7B9F147044AD833931BB4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_F6B499EAE3C8982E5DE14AD833947178" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_F6B499EAE3C8982E5DE14AD833947178" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_FB497F32843F181604424AD8339430AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_671BB41796B4AA68CD484AD83394B090" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PreferredStockDividendRequirementsOfSubsidiary" xlink:label="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_pnm_PreferredStockDividendRequirementsOfSubsidiary_89D9A946E08B8C34D6D04AD833941D91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_29C90CAAAA026C30DC174AD83393D222" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_FCBEBDAC579D0B22D8024AD83394BEF2" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2E3B16E89C6AE3D2C8764AD8338BF7C5" xlink:to="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:to="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_CE0662B79C03CF47A56E4AD8338C9612" xlink:to="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3EF91A5B522FE0DE76FC4AD8338C07E0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_7F473E57ED868E2CB0924AD8338CCA30" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3EF91A5B522FE0DE76FC4AD8338C07E0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_53CB65D55E385D85F2444AD8338B4B58" xlink:to="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_ECFC9B34FF90AE3003664AD8338C6B07" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_195928A1081FACEFFA174AD8338CC7E5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent_1F2AD76A0410EE02086C4AD8338CF1D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax_D1824055E720B88A51A94AD8338C9A72" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_A2D80D425FD9EED1D6BB4AD8338CEE99" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_402F07B26A8F2FC0493A4AD8338C8A47" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_15C10F70F1DE1CFF00C24AD8339F208B" xlink:to="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:to="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_1BF88C16B28ED3D79F894AD8339F08A0" xlink:to="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_4926C93F8BA5B49073C54AD8339F2539" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_4926C93F8BA5B49073C54AD8339F2539" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_15975C68A8D5BB7292D74AD8339FCDAD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_663D07AAA4BF2469339E4AD8339F06A8" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_15975C68A8D5BB7292D74AD8339FCDAD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_160C3DB9E3B1576B49DF4AD8339FD041" xlink:to="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_ElectricUtilityRevenue_B0E59D6204DE1ED2BCAA4AD8339F658A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_973E0AB3F96DE0D95E454AD833A0DA2B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_973E0AB3F96DE0D95E454AD833A0DA2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_492EE69CF279E6360B724AD833A04F63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricProductionExpense" xlink:label="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_ElectricProductionExpense_72EC3FDDD293C0F709574AD833A042AF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryDisallowance" xlink:label="loc_pnm_RegulatoryDisallowance_86394226F356A10B37364AD833A0E467" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_pnm_RegulatoryDisallowance_86394226F356A10B37364AD833A0E467" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_C5EB00F1E10E20B7836D4AD833A06C1B" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_C5EB00F1E10E20B7836D4AD833A06C1B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionAndDistributionCosts" xlink:label="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_pnm_TransmissionAndDistributionCosts_C70A1C7D5A75F6D7E0F64AD833A05CB3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpenseTaxes" xlink:label="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_UtilitiesOperatingExpenseTaxes_B02631401FC25262AFC74AD833A0E1C0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilitiesOperatingExpense" xlink:label="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_UtilitiesOperatingExpense_C590C4B9F4236A0AB9A14AD833A022BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_CA0F6524B0A9C0464CA54AD833A08A6D" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_OperatingIncomeLoss_CA0F6524B0A9C0464CA54AD833A08A6D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpenseAbstract" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_7FA023603390E7E53B5F4AD8339FE8DC" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_8B415273C5A2D730A2224AD833A09693" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_InvestmentIncomeInterest_8B415273C5A2D730A2224AD833A09693" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_GainLossOnInvestments_86030E6E51B1D591EF854AD833A1DE9D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherIncome" xlink:label="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherIncome_2CCB285C61B53DFC2E994AD833A116F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherExpenses" xlink:label="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherExpenses_B7C75B18C0259E6B993B4AD833A1E153" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_4A16B0F29596D9E5E4854AD833A00E8F" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_7A901AF033079FE4C3204AD833A156CF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_InterestExpense_12E0F9AD3D48DC7023A24AD833A129D2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F00F9C51E4E4B5359A1E4AD833A1964F" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F00F9C51E4E4B5359A1E4AD833A1964F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_A270D9EE85A224A2B82F4AD833A1A506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_8573B3A2F3E28ECFC51A4AD833A15B84" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_ProfitLoss_8573B3A2F3E28ECFC51A4AD833A15B84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_F43675126D7BBBAB925E4AD833A15C29" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_DividendsPreferredStock_9173584D842C25CAFD234AD833A17411" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLoss_C9070DA1FD4845930CB64AD833A1A6E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_EFD0E7BFC1970C6CACA64AD833A2EE44" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_EFD0E7BFC1970C6CACA64AD833A2EE44" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract" xlink:label="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_4AC6D98D2BC9187732044AD833A21A91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract_91880DFE58231ACF8FBC4AD833A27B61" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_4EC394AC2BB2FB863F364AD833A27DE6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5CDEAAF609CA9D8B3F9D4AD8339F1ABA" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_811FFDAE335DC02DF5A54AD833A2734D" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/DocumentAndEntityInformation" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DocumentAndEntityInformationAbstract" xlink:label="loc_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DocumentAndEntityInformationAbstract_D146EB45FBE4949AB7E4E7FF34516210" xlink:to="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:to="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_D3E7098E5CE863266C44E7FF34515E50" xlink:to="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_7EFCB6536D8BE4192720E7FF345134E0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_7EFCB6536D8BE4192720E7FF345134E0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E9801964D0807FF70515E7FF34517EDD" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_34DBB04FAA95B44FB963E7FF3451C6DF" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E9801964D0807FF70515E7FF34517EDD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_D2B89BCB1D3DC9548D46E7FF34518998" xlink:to="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityRegistrantName_BC119F33A8AA90146258E7FF34517F1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityCentralIndexKey_0E2B33EC423267175050E7FF34512865" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_CurrentFiscalYearEndDate_7F56B1927D11497D5CFBE7FF345108DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityFilerCategory_34E5FB343795F708B2E0E7FF34513CA0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentType_C3AFFF257B15732E36A5E7FF345161A6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentPeriodEndDate_9AC3AF5528299B25B751E7FF3451DE98" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentFiscalYearFocus_85DBC22975B3B17135A3E7FF34513DE1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_DocumentFiscalPeriodFocus_D93B16538CCC3E0E596BE7FF34510FB4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_AmendmentFlag_03CD4F6D20A0BBB9406DE7FF34511A8B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_C0079CBAAA00425DFF9AE7FF34515BAE" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_0D06FCDCF2302DC756A2E7FF34510C5E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShare" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_4E911D440A3D5C40B3DAE7FF34138486" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_4E911D440A3D5C40B3DAE7FF34138486" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_211994FCB328A997574AE7FF34134EBE" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_E53D302EB6115BD58913E7FF354B8C88" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_E53D302EB6115BD58913E7FF354B8C88" xlink:to="loc_us-gaap_NetIncomeLoss_7BC652BEE1295129410FE7FF354B2B84" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_E53D302EB6115BD58913E7FF354B8C88" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesIssuedBasic_6A632BBD037BA31DC835E7FF354B61D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_1C9372D3E8C59173577CE7FF354BACDC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract_7DF9E7F40D3347364C7FE7FF354B20F8" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_74C6224971D0AA7C52B0E7FF354B544B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_E53D302EB6115BD58913E7FF354B8C88" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_FE45795F862120A7F15FE7FF354B87E0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_2F979E515E970477512EE7FF354B0201" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5B4AC91CAF2236FAAB5AE7FF354B8DA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract" xlink:label="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_E53D302EB6115BD58913E7FF354B8C88" xlink:to="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:to="loc_us-gaap_EarningsPerShareBasic_223D35AC86CA8077A8BDE7FF354BEC2E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDilutedAbstract_0CD905FB46F93E0A6E80E7FF354B8954" xlink:to="loc_us-gaap_EarningsPerShareDiluted_3A27CABF1C28671E1E60E7FF354B0208" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/EarningsPerShareTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_92F277E6C1FEBFFFA7A4E7FF34DD4517" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_9320A674E3CFF1656D96E7FF34DD6998" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_9EB5D7AA7A431C18E20CE7FF34ED1E37" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativesAndFairValueTextBlock" xlink:label="loc_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_9EB5D7AA7A431C18E20CE7FF34ED1E37" xlink:to="loc_us-gaap_DerivativesAndFairValueTextBlock_E9DEADF17EDA0B6AD8CEE7FF34ED620A" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_B2E80053CA8A17B2C0D44BE931349029" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_B2E80053CA8A17B2C0D44BE931349029" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_2C7409F5BDDE992170A64BE93134D8AE" xlink:to="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6C37E813AF38DF300EB54BE93135F660" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_65706B4855D546FB8FD34BE93134B571" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_6C37E813AF38DF300EB54BE93135F660" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_9C3CBED165B46D4521014BE9313554DC" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NuclearDecommissioningTrustMember" xlink:label="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_NuclearDecommissioningTrustMember_9B884A1A8633F29D72604BE93135453D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MineReclamationTrustMember" xlink:label="loc_pnm_MineReclamationTrustMember_C54978E68A5BB0BB368C4BE931354600" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_MineReclamationTrustMember_C54978E68A5BB0BB368C4BE931354600" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember_730E6CFA300AB2EB86694BE931357F52" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_CashAndCashEquivalentsMember_730E6CFA300AB2EB86694BE931357F52" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticValueMember" xlink:label="loc_pnm_DomesticValueMember_DAC0DE040B2B469EDB924BE931354BD8" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_DomesticValueMember_DAC0DE040B2B469EDB924BE931354BD8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticGrowthMember" xlink:label="loc_pnm_DomesticGrowthMember_94713BDEC426714FD40E4BE931352CA5" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_DomesticGrowthMember_94713BDEC426714FD40E4BE931352CA5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MultinationalMember" xlink:label="loc_pnm_MultinationalMember_BD374D89FBDE1CBE44514BE93135B729" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_pnm_MultinationalMember_BD374D89FBDE1CBE44514BE93135B729" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_916421A0BFACC3B39C0D4BE93135A728" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_916421A0BFACC3B39C0D4BE93135A728" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="loc_us-gaap_MunicipalBondsMember_07656EBF862F8D28BF494BE931359A7B" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_MunicipalBondsMember_07656EBF862F8D28BF494BE931359A7B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_84FB235D8218CDDDF7874BE93135FADD" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_449298625C6145E263934BE9313577F7" xlink:to="loc_us-gaap_OtherDebtSecuritiesMember_84FB235D8218CDDDF7874BE93135FADD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_A2AB5C09511A1A59EADB4BE931357039" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_9D51C393003CD8ED75D74BE9313575D6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_9C5D9F406E244093F2D64BE931350F8D" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_9D51C393003CD8ED75D74BE9313575D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_6882A6003F013B86D7964BE93134456D" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecurities_82C4F149282E722C2BE94BE93135DF42" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_B289DAFFC5FCCB88BFDA4BE931366159" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities" xlink:label="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities_B7C04BF7CAE4C81265434BE931366F3B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8B9FD06A703EA563633C4BE93136C83E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_9B023C3AFCA86360CF174BE93136E424" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_7DA4331D31105448D0C44BE93136B260" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_98B215F8F40A16731D224BE93136B4CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_F45B4F95DBA809B06F8E4BE931364F2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_23DA24FD77876C9904134BE93135F79E" xlink:to="loc_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_D9BFBBA18D3539241C8C4BE9313638F4" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_2A5180AEDF19A2C2A9522B00E3E08B07" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_2A5180AEDF19A2C2A9522B00E3E08B07" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_20A79A0A0335BEB2333E2B00E3E0C0C8" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_437A8F5963DE263E66892B00E3E0477B" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_EF2CF96563BB06D168442B00E3E0373C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:type="locator" />
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_BE37F394B262C6B80D932B00E3E00A59" xlink:to="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3788E5714FDFA80C9FEC2B00E3E0B292" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_3788E5714FDFA80C9FEC2B00E3E0B292" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_135B062FC04F3C5513652B00E3E0EE91" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_4A3159D1C3454DD50D1F2B00E3E0799F" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_135B062FC04F3C5513652B00E3E0EE91" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="locator" />
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_B1259E7238D293D36AE82B00E3E0138F" xlink:to="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_CashAndCashEquivalentsMember_50605DDE91B625F1EE0E2B00E3E05D95" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticValueMember" xlink:label="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_DomesticValueMember_5AC3D570C30F2EBEF1672B00E3E00AAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DomesticGrowthMember" xlink:label="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_DomesticGrowthMember_812CF9DBB6D0D1CE90502B00E3E0ADBC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MultinationalMember" xlink:label="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_pnm_MultinationalMember_496C9243C2F61E335F472B00E3E0B6E6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_USTreasuryAndGovernmentMember_7389F6829937798C63E32B00E3E0ED7E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_MunicipalBondsMember_0DF8286333205D9462B22B00E3E0D83A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_494B9EC8619480CA1F102B00E3E09567" xlink:to="loc_us-gaap_OtherDebtSecuritiesMember_0E44C43E7B1E1409C9892B00E3E0EF65" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:type="locator" />
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_51C0FDC03B728CC4A2292B00E3E048DD" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_D62D36CBFABCBF46F95F2B00E3E01FC5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_D2BCFDA6739AF0508EC72B00E3E030D6" xlink:to="loc_us-gaap_CommodityContractMember_D62D36CBFABCBF46F95F2B00E3E01FC5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_24514B89235A8C8BFE812B00E3E13675" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_05A88FC85E587EC155052B00E3E1C506" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_24D608AEC13D055A66C92B00E3E1DA1A" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_DC9834FC13DAF3651F552B00E3E12627" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_356EA7C4C1F3ABC5C2002B00E3E14F90" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_3555D3119F2CFE95B3D22B00E3E1D4BA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_97092AA25003B834D0B12B00E3E104C1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_97092AA25003B834D0B12B00E3E104C1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_34FEC458A2BCEE436AEE2B00E3E17469" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_D9569C354921C81D51592B00E3E13172" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_77C2D03B4CDB4C7047932B00E3E0E842" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_AvailableForSaleSecurities_885318DB05C08D4536B22B00E3E199E9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeAssets_AB2D96197A9E8272868C2B00E3E13759" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeLiabilities_1D551CD548FA34529B2B2B00E3E1BBCD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_0CB060B5A0E52C74C3042B00E3E11760" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_0CB060B5A0E52C74C3042B00E3E11760" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_LongTermDebtFairValue_DBEB0D78D115090B1A602B00E3E16BB6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_us-gaap_NotesReceivableFairValueDisclosure_0BF1F1C3D18B2270854C2B00E3E1B3ED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherInvestmentsFairValueDisclosure" xlink:label="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_930D300651A8365FB6902B00E3E1D652" xlink:to="loc_pnm_OtherInvestmentsFairValueDisclosure_B5C24D1327B8D67180612B00E3E1253F" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_A64632EDE35211F7F9D5E7FF34ED8F2D" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_A64632EDE35211F7F9D5E7FF34ED8F2D" xlink:to="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_87D355468EE0A163696CE7FF34ED80EA" xlink:to="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_C51589896EA43BD0B422E7FF34ED7FA7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_D7773DD04ADB340B90B7E7FF34ED94D9" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_C51589896EA43BD0B422E7FF34ED7FA7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="locator" />
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_18AEDA2092F34C7AF7B3E7FF34ED94CC" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_A84252A47B2E8D117DE6E7FF34ED780C" xlink:to="loc_us-gaap_CommodityContractMember_1DDD407F2C9CC53B8F99E7FF34ED7E00" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_FF31526D7712FDB21EDEE7FF34EDAB8A" xlink:to="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_07662DDB23E12C1A20A8E7FF34EDDB08" xlink:to="loc_us-gaap_FairValueHedgingMember_E35B753A2B5FA784A3E7E7FF34ED2F9B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionAxis" xlink:label="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PositionDomain" xlink:label="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PositionAxis_84E83226B8EB91FA7901E7FF34ED51B5" xlink:to="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongMember" xlink:label="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:to="loc_us-gaap_LongMember_BB1B078D8ADF6A936D94E7FF34ED366E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortMember" xlink:label="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PositionDomain_8497619E88C8B4A2896BE7FF34ED9419" xlink:to="loc_us-gaap_ShortMember_9B7E866C960EBA43705FE7FF34ED7FC7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_5779A297C75777F27EB8E7FF34ED6BA0" xlink:to="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure" xlink:label="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_18B6FE723F771A725B0DE7FF34ED445D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_8176D6FFF70AEA01B032E7FF34ED9C2E" xlink:to="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_345436D850C3AD7C11EAE7FF34ED4D5B" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_EE5091EB5E5D6540B17FE7FF34DDAF69" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesTable" xlink:label="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_EE5091EB5E5D6540B17FE7FF34DDAF69" xlink:to="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:to="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_609FED3CED19313404CCE7FF34DD80CA" xlink:to="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrAndPnmMember" xlink:label="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_2EA79073600F200719E9E7FF34DD3D45" xlink:to="loc_pnm_PnmrAndPnmMember_88606167F8724D4D539CE7FF34DD75BB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtMaturitiesLineItems" xlink:label="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:type="locator" />
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DebtMaturitiesTable_6A7F80908D61732894C2E7FF34DD2A20" xlink:to="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_F7639613A34D59154A5DE7FF34DD1DE3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_2A6BF087FFE9F3B76B60E7FF34DDB62E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_D9719D6379A6AC718325E7FF34DD5CAC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue_F73F7E33597D6F5D2AF1E7FF34DD94A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue_8E13E5F1BDBC61A11D92E7FF34DDBBCF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue" xlink:label="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue_CA5812BFE3297CFEAB8DE7FF34DDD334" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_1D501B77194073453397E7FF34DD08EB" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_F721A2C315A57AA21F05E7FF34DDC176" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DebtMaturitiesLineItems_C4B9ED5DEF45F60467BFE7FF34DD12FE" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue_62033E11878349E69101E7FF34DDBD0F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_E22DE299D6DEC951B316E7FF34DD364D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_2221838AA5864A8C46E5E7FF34DD1753" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract_28B59BEB5FE2E414A8A3E7FF34DD188C" xlink:to="loc_us-gaap_HeldToMaturitySecuritiesFairValue_BB03C32C1E38153C9EA6E7FF34DDDC5E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_CA55BB11DD7A9239DE904BE9314DE4B4" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_CA55BB11DD7A9239DE904BE9314DE4B4" xlink:to="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_3EA986AAC072462053EB4BE9314ECBEF" xlink:to="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_1A5AE7B1E8C35C851D094BE9314EAF28" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_5045A6CD805FFFAAEC884BE9314E3C5C" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_1A5AE7B1E8C35C851D094BE9314EAF28" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="locator" />
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_252D9C50752F8957CA614BE9314ED986" xlink:to="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_9CC39C8B6F3205B7F5C24BE9314EB1F8" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_781FECB37DC28C51A7F14BE9314EC269" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:type="locator" />
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_CE5FA886E4364372F7DB4BE9314EC5B3" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_E7900BA14ECE92CE56654BE9314E8227" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_8D089187ED89FA9BC6844BE9314E890E" xlink:to="loc_us-gaap_CommodityContractMember_E7900BA14ECE92CE56654BE9314E8227" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditDerivativesByContractTypeAxis_27F49FB9A338004C93A34BE9314EED51" xlink:to="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditDerivativesContractTypeDomain_B9BEFC314344459005204BE9314E54D9" xlink:to="loc_us-gaap_OtherCreditDerivativesMember_A775A8DFD01ACAC823554BE9314EB965" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_C4778FC74B882BF9C3BE4BE9314FA3C1" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_1B28F1C7FD9C3A456C6C4BE9314FF3F0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_5DCFBB88A24A191B52904BE9314FE3B5" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_1B28F1C7FD9C3A456C6C4BE9314FF3F0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:type="locator" />
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_3B28537BB79638415AEC4BE9314F729B" xlink:to="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuelAndPurchasedPowerAdjustmentClauseMember" xlink:label="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_378F65B7E68E6F54D2704BE9314F2790" xlink:to="loc_pnm_FuelAndPurchasedPowerAdjustmentClauseMember_998B5309382014510C524BE9314F21AA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_97BCCAF0FDCBA4959A844BE9314DAA1E" xlink:to="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk_2F59E4E1A408387F295A4BE9314F4722" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement" xlink:label="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8E3AD2171C219423E1CA4BE9314FE348" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement_8E3AD2171C219423E1CA4BE9314FE348" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_7A2E73DD0983AC4056324BE9314F8AF3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsNoncurrent_2F53C8EBB9E5EC5310F24BE9314F4A79" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssets_FC23A9126784B0FD01734BE9314F61D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_F41535EAF6699D1DBA504BE9314F8C8D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_5227569515545E6B37694BE931501E64" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeLiabilities_CE8D2B74B321D030085B4BE93150787A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeCollateralRightToReclaimCash_7D9E54F618533A89567D4BE93150101F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MarginDepositAssets" xlink:label="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_MarginDepositAssets_1762A7850147A93FC1D04BE93150EC2B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_98F42D46EC7277FA0EC14BE9314F75C5" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_4C5D621BF14FB03C7D7B4BE931503C73" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_A50CE744A13D573E5ABEE7FF356A9E4C" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_A50CE744A13D573E5ABEE7FF356A9E4C" xlink:to="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_08CD28553068C04509F9E7FF356A0705" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit3Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_110BDBD806B36E0BEBC1E7FF356A3962" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_24848FD8E39F4A920855E7FF356AFAC7" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit3Member_110BDBD806B36E0BEBC1E7FF356A3962" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_1CDACF0A27FA9E53A9D5E7FF356A011F" xlink:to="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B03A326EBD6C39EA594CE7FF356A7957" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_EAAA3D05A90554B19D14E7FF356A553D" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B03A326EBD6C39EA594CE7FF356A7957" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_C1F80DFCE952BF80594FE7FF356AB261" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_ED01660E8EAAD222FFE7E7FF356A1299" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_E132B6D5BD3DF6CCAB43E7FF356A54A1" xlink:to="loc_us-gaap_CommodityContractMember_ED01660E8EAAD222FFE7E7FF356A1299" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_4A878C0CB72C6919EDBEE7FF356A1D01" xlink:to="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_EF83AB379339D636885DE7FF356A6E32" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_EF83AB379339D636885DE7FF356A6E32" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeAverageForwardPrice" xlink:label="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_1825DC5D521768F0F4BBE7FF356A485B" xlink:to="loc_us-gaap_DerivativeAverageForwardPrice_CBA6FFBE6EEF9F90742CE7FF356A0972" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_2AA25C64290167BD61C2E7FF34131EF0" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_2AA25C64290167BD61C2E7FF34131EF0" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_8ADD0D3BC4E456B5D980E7FF341392D0" xlink:to="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_F8C8F620F2B8DE87509FE7FF3413692E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_F98FDD65274DCCB7B53AE7FF34131208" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_F8C8F620F2B8DE87509FE7FF3413692E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_72B9BB84FEC561E7AA00E7FF34135E7D" xlink:to="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_44BEA18B5BF1D3682C2CE7FF3413780E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_B64D0E45656C9E397649E7FF34133E30" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_44BEA18B5BF1D3682C2CE7FF3413780E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:type="locator" />
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_8487C7314ADA33524CE4E7FF34134C86" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_3F657DED0DC405B5D7B6E7FF341303AB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_A511A09B85F537CA12D7E7FF34134D51" xlink:to="loc_us-gaap_CommodityContractMember_3F657DED0DC405B5D7B6E7FF341303AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_54A799A6E4C6F0E6350BE7FF34138EA4" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesMember" xlink:label="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:to="loc_us-gaap_SalesMember_9A5AFF479F6EAEB4E237E7FF34135252" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_3C19BDFCBB4BEFE72665E7FF3413C720" xlink:to="loc_us-gaap_CostOfSalesMember_BA0A01DBAD4506CE8BA6E7FF341353F6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_26F9BB0EF23549157DD0E7FF3413FEE9" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_70D1387E8F77F070F31EE7FF3413F154" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_3202D6AB81AF7FE37E80E7FF34135B28" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract" xlink:label="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_AECB00B0352FD9401D8EE7FF34FDA871" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_FFF7B79ADA75E1095FE5E7FF34FD7674" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_FFF0AB865FB1EB3D190FE7FF34FDFE6F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_31BB50C11C9EBCA4F2AEE7FF34FD67F9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_85724088ED808AEDD56FE7FF34FDAFAA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_EBC5D86FEC9CAE009451E7FF34FDD5DF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1B5F9EB47C2B5D139E33E7FF34FDC555" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract_83D54A5958F9EB638979E7FF34FDF3BD" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_397D971A87D9EE7DF040E7FF34FD49A4" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/Financing" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_05288C0F4A3569DBD5B4E7FF34EDFBB3" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_ADAAC9DC4D0545719384E7FF34ED6BAA" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_78560AB8CE1C202839B5502E7317CC34" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_78560AB8CE1C202839B5502E7317CC34" xlink:to="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_B6E36267D6B112A7FB37502E73170A9C" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_F81513B4DBA48CBE403F502E7317EC6A" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_14B80C446A23E8396ADC502E73177120" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_B8CD1C2604BD172AAE10502E73173ED0" xlink:to="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_7A827037AE476BD6ED1A502E73177A86" xlink:to="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_B3E9DB0E3C18F687A2B0502E7317BB1E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_304EAC57175150F91AAF502E731714A8" xlink:to="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:to="loc_pnm_PNMRRevolvingCreditFacilityMember_8FBA0B04AF17C2C258D8502E731726E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_C4D5A7B959C94974D05F502E7317D82E" xlink:to="loc_pnm_PNMRevolvingCreditFacilityMember_3A64876A24521DCC47CE502E7317F8A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesAxis" xlink:label="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_C2EDAEEBC018305ABE17502E7317EFFA" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConsolidatedEntitiesDomain_73974419212A1068D2E3502E7317F45A" xlink:to="loc_us-gaap_ParentCompanyMember_214D7C048BB6298C97E9502E7317F9F2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_14B54771440DEBF9931E502E7317E35D" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_LineOfCreditMember_CCB0FE2115C61F4D2B57502E73177CB9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2015TermLoanAgreementMember" xlink:label="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2016TermLoanAgreementMember" xlink:label="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNM2016TermLoanAgreementMember_960380EF64E3DAF39D07502E7338B0CA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_BTMUTermLoanAgreementMember" xlink:label="loc_pnm_BTMUTermLoanAgreementMember_49592F21E69DD28FF794502E7338552E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_BTMUTermLoanAgreementMember_49592F21E69DD28FF794502E7338552E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_LetterOfCreditMember_A343DDAD1EFEFC50D235502E7338C400" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondMember" xlink:label="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_FirstMortgageBondMember_A946F84E4D3E8D91A05E502E7338CDFA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsMember" xlink:label="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PollutionControlRevenueBondsMember_FB37194B44787030F555502E7338EB63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableToBanksMember" xlink:label="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_NotesPayableToBanksMember_005129105B96F14E0EF4502E73386154" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesMember" xlink:label="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_SeniorUnsecuredNotesMember_35903F7AE153635F93B4502E7338F833" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_us-gaap_UnsecuredDebtMember_0393F8B4B1EC039ABE69502E73386AF4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2017TermLoanAgreementMember" xlink:label="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_BA852B58F626C094A08F502E7317A53C" xlink:to="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_5E3543F84F3E6AA4192D502E73383FEB" xlink:to="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_88E9533BBE5968E2D0FA502E7338E233" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_88E9533BBE5968E2D0FA502E7338E233" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_F0B265DD342FD9CCA2BE502E73382C04" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_NMCapitalMember_F0B265DD342FD9CCA2BE502E73382C04" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrMember" xlink:label="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_PnmrMember_A59C0E5F01C1785049AD502E73384A56" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_1D6C320EB1B5A4A1F17F502E73387AD1" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1839B230A4CFB99B7CE7502E7338B7D2" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_1D6C320EB1B5A4A1F17F502E73387AD1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_F20B28011C94D5E7909B502E7338AB5C" xlink:to="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_B25BA9E42313C457D66D502E73386B9D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_0DE88851170D628B4747502E7338D07C" xlink:to="loc_us-gaap_MaximumMember_B25BA9E42313C457D66D502E73386B9D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_9FB28FD7A3103FB57E86502E73382069" xlink:to="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingRelationshipDomain_F0D57B9687DAD4F1EF8C502E7338AAD8" xlink:to="loc_us-gaap_CashFlowHedgingMember_5412C8F7DD789F876946502E73386792" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D542FFCAE432C33CF14E502E73387BE9" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_CC7021F10F4255903492502E7338ED55" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_7C7FBD5EFDDB62EE23B1502E733830F5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_E105AB242C242DFFFFEA502E73383608" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016OneYearTermLoanMember" xlink:label="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2016OneYearTermLoanMember_3FE2FC6776D71B58C4DC502E73383C49" xlink:type="arc" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2015TermLoanAgreementMember_3E1EA2024FA1D12EDDD6502E733856A1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016TwoYearTermLoanMember" xlink:label="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNMR2016TwoYearTermLoanMember_0A010A1AD3F3CECA0A58502E7338970E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Letterorcredit30milJPMorganMember" xlink:label="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_Letterorcredit30milJPMorganMember_4F7666DFB3C3A881544B502E73385BFD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableRateShortTermDebtMember" xlink:label="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_VariableRateShortTermDebtMember_F048497F1814A8B4B5B3502E733830D2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateof3.22Due2027Member" xlink:label="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_InterestRateof3.22Due2027Member_3ED455C71E4A2D6C0E23502E7338E164" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12040Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PollutionControlRevenueBondsdueJune12040Member_B067582D164EED3282E2502E733890E4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PollutionControlRevenueBondsdueJune12042Member" xlink:label="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PollutionControlRevenueBondsdueJune12042Member_05A0FEBBD68369E1D094502E7338A754" xlink:type="arc" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_PNM2017TermLoanAgreementMember_0E4EC7770202B40D8014502E733847E3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_CBDB5B2BA7B27DB5BCE6502E73386439" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member_44D5099A1F2EEFFB82C1502E73385C66" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member_630C07AC4A8F243FC694502E73389AE3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point95percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNotesDue2018at7point95percentMember_E22EA1FEFFFC8B4C9C37502E7338692B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesDue2018at7point50percentMember" xlink:label="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNotesDue2018at7point50percentMember_6491864ECC0981FC5012502E7338F36E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member_ED487F3FF5830C4CEED0502E73386D77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member_641936B6A9CB175419CB502E7338BEE8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member_072EB040AED9AF0341AA502E73384AEE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member_7EB23788E8DEF98AC11D502E733898ED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member_C3D85ECC1283A6567441502E7338FF3C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member_5FF6AED20BD2747B51CB502E73389BFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member_E3670BA26982EE34C406502E73386A42" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_49A717836B1731AE536E502E7338148A" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member_9EFB2B6C57548864D083502E73388FC1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_EE010EE422E440CC3555502E7338A64E" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_7CC8741659A89BDFBCD8502E7338CE02" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_438746275A5BFED740E3502E733823D6" xlink:to="loc_pnm_CoalSupplyMember_7CC8741659A89BDFBCD8502E7338CE02" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_DE01537BE927B56D1BB5502E73388AD7" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_2CEBB703CD110D631C60502E7338360B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_C39DAF9ADA2108939A61502E73389460" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_2CEBB703CD110D631C60502E7338360B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_6C01A4E42CFEE16F211D502E7338D339" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_234AACCE60D14159E48A502E73382CE9" xlink:to="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractOneMember" xlink:label="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractOneMember_EF3E410A57E4BD7B8C3B502E7338ABC4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractTwoMember" xlink:label="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractTwoMember_18E2059470507CEB19EB502E73382FBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractThreeMember" xlink:label="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractThreeMember_10D6AB753E6DAA92A455502E73387F77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestRateContractsContractOneandContractTwoMember" xlink:label="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestRateContractMember_0C0D9D8D23DB72DA2F27502E7338D516" xlink:to="loc_pnm_InterestRateContractsContractOneandContractTwoMember_71B48D36F1DBC217E02D502E7338FDDF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_902A455F1E8BD14E641A502E7347070C" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioPlanMember" xlink:label="loc_us-gaap_ScenarioPlanMember_2DEC0B208DA6A258D1B4502E734774B9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_2CBF97EB43160A21CCCD502E7347CDC3" xlink:to="loc_us-gaap_ScenarioPlanMember_2DEC0B208DA6A258D1B4502E734774B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityAxis_283929B849B54FB53726502E7347D6DD" xlink:to="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember" xlink:label="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLenderDomain_61432DE08708511D71A0502E7347D6EF" xlink:to="loc_pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember_9798E63C3D9C078D3CA5502E7347DA8E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_A73D93AB1D48F570DD3B502E7317A49E" xlink:to="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RatioOfDebtToCapitalMaximum" xlink:label="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_RatioOfDebtToCapitalMaximum_3D510FB3112BF83534F5502E7347A35F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval" xlink:label="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval_2370DDE8E197A44FE1DB502E7347972A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_LongTermDebt_F086B17C74CB92978A06502E7347EA4E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_CE46FDEE0F3CFC0C9BD6502E7347CF2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentCovenantDebttoCapitalRatio" xlink:label="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtInstrumentCovenantDebttoCapitalRatio_80FE5F28024E62452902502E73478FC6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty" xlink:label="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_D3495B3193174D780B37502E73471FF3" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty_D3495B3193174D780B37502E73471FF3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_06E63E86977F007DEC9A502E73476732" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_EAF36AAD89C7B0135BDA502E73470D06" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAmount_D61567757C5F63BCCBBF502E73472542" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_4EEC53F58F2D13779240502E7347BDA6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeVariableInterestRate" xlink:label="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeVariableInterestRate_91CB014790F475DF3E53502E73477321" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss" xlink:label="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_331EE917DA3FEF017B39502E7347BF41" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B961FDD3883C12BBD47A502E7347E067" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredLongTermDebt" xlink:label="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_UnsecuredLongTermDebt_1C912DCF2C148A0D547D502E73475BAF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DebtInstrumentTerm_84E56D1CE7E527B8E8F7502E734752E2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:label="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_86F0EC5699D73B84DA00502E73473898" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_46A4FA7853E11367FCB9502E7347A5D6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1" xlink:label="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1_A0105ABC057A3D260105502E734711A1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_us-gaap_DerivativeFixedInterestRate_748A0016202E30448DED502E73472517" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtIstrumentNumberOfExtensionOptions" xlink:label="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtIstrumentNumberOfExtensionOptions_E2C95685FF47C92C3E41502E73470CC1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" xlink:label="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_77A3587048BB27E9A5FB502E73470855" xlink:to="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_F5076B4577406473D2D5502E73472137" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_F79EB4B0C366BBE12D2E4BE930E09017" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_F79EB4B0C366BBE12D2E4BE930E09017" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1D9C4A16B7A3466319324BEA06056363" xlink:to="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_80F2F6F8E2674A404AD64BEA060925D4" xlink:to="loc_us-gaap_AffiliatedEntityMember_718B4C5B0CD29C1DB6454BEA07716BBE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_AF959CEEB7A53C5E4F3E4BE930E02A78" xlink:to="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_0A46314F90313B97F6B84BE930E00F20" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_5CC8C98D3DE9E8A2B69B4BE930E0694D" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_0A46314F90313B97F6B84BE930E00F20" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:type="locator" />
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_3FF9BCE74ADD2A4FE6994BE930E08A7D" xlink:to="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_327EA0A366A9399AAF9A4BE930E182C2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_327EA0A366A9399AAF9A4BE930E182C2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_D8052C07C5B7510881294BE930E15956" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B647E0494671D62FB0F04BE930E0DFEE" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_D8052C07C5B7510881294BE930E15956" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_C1BEE154BC4ACDBA36CD4BE930E1EFCA" xlink:to="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRRevolvingCreditFacilityMember_F29CED026F70FB4AF4604BE930E1FD4E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:to="loc_pnm_PNMRRevolvingCreditFacilityMember_F29CED026F70FB4AF4604BE930E1FD4E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRevolvingCreditFacilityMember" xlink:label="loc_pnm_PNMRevolvingCreditFacilityMember_DD42694FD50CE17799E04BE930E1FE4D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_F0522108AED6C82EA3954BE930E1B78F" xlink:to="loc_pnm_PNMRevolvingCreditFacilityMember_DD42694FD50CE17799E04BE930E1FE4D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementScenarioAxis_DCA12AFB0940027025634BE930E1F1EE" xlink:to="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScenarioUnspecifiedDomain_CA1E55CFBBFCE6025FA64BE930E1843C" xlink:to="loc_us-gaap_ScenarioForecastMember_A2DC79A093922724DA084BE930E1AE66" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_65A4C050D8871B5ACD734BE930E16081" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember" xlink:label="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember_A70FD4E5C10AA05A6B094BE930E104EF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LocalLinesOfCreditMember" xlink:label="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_LocalLinesOfCreditMember_C3F02EFBDAE035A749B54BE930E159F6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMR2016OneYearTermLoanMember" xlink:label="loc_pnm_PNMR2016OneYearTermLoanMember_E4B2FA054C215774188F4BE930E10DF1" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_PNMR2016OneYearTermLoanMember_E4B2FA054C215774188F4BE930E10DF1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember" xlink:label="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_C7925E70CFCA9C678AE24BE930E2363E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_610FB51987102AA2060B4BE930E13C49" xlink:to="loc_pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember_C7925E70CFCA9C678AE24BE930E2363E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesAxis" xlink:label="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidatedEntitiesDomain" xlink:label="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConsolidatedEntitiesAxis_6D36703533AA78D98E6B4BE930E2DA71" xlink:to="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="loc_us-gaap_ParentCompanyMember_20383B946E1CB7B6F95F4BE930E261B6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConsolidatedEntitiesDomain_89E054EB22975F9967AB4BE930E2BF73" xlink:to="loc_us-gaap_ParentCompanyMember_20383B946E1CB7B6F95F4BE930E261B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:type="locator" />
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_B4C53231147AC09620794BE930E2C80A" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_3AD1337185FD74DDCAAE4BE930E2DC16" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_5B27F7F4DF434255365D4BE930E227AB" xlink:to="loc_us-gaap_SubsequentEventMember_3AD1337185FD74DDCAAE4BE930E2DC16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_5931A44A44CBCD5C709D4BE930E274CA" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNM2016TermLoanAgreementMember" xlink:label="loc_pnm_PNM2016TermLoanAgreementMember_45BEF92139BA402FF94D4BE930E22DFB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:to="loc_pnm_PNM2016TermLoanAgreementMember_45BEF92139BA402FF94D4BE930E22DFB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SeniorUnsecuredNotesMember" xlink:label="loc_pnm_SeniorUnsecuredNotesMember_E98382CABFFE5ACFDD7B4BE930E23B3F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_73264894313885DD75334BE930E2AAA4" xlink:to="loc_pnm_SeniorUnsecuredNotesMember_E98382CABFFE5ACFDD7B4BE930E23B3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShortTermDebtTable_9347CDDCA2B7127983A14BE930E06038" xlink:to="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_F98D1314B845C3CB30FF4BE930E21507" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentCollateralAmount_14CE6AE443CD1091F0144BE930E2253A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtIstrumentNumberOfExtensionOptions" xlink:label="loc_pnm_DebtIstrumentNumberOfExtensionOptions_B6EAB8776E48C0D2F3614BE930E21654" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtIstrumentNumberOfExtensionOptions_B6EAB8776E48C0D2F3614BE930E21654" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears" xlink:label="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_420860B477194160AF314BE930E29AAB" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears_420860B477194160AF314BE930E29AAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DebtInstrumentsNMPRCApprovedcreditfacility" xlink:label="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_DebtInstrumentsNMPRCApprovedcreditfacility_03D913DCC1D69D5D28D14BE930E2A05E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_723F458A7507ED3D5D974BE930E3D3CB" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_ShortTermDebtWeightedAverageInterestRate_723F458A7507ED3D5D974BE930E3D3CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaap_DebtInstrumentTerm_6E292678FD7881BE44CB4BE930E3734B" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentTerm_6E292678FD7881BE44CB4BE930E3734B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_ShortTermBorrowings_B35A25A1E87E86DFAADC4BE930E39141" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_3C9F5C8C7B40D5FDF45D4BE930E38B74" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_5CF34C022E74F245E5344BE930E36871" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_5936B804C805D7E831BC4BE930E3A8DE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShortTermDebtDueToRelatedParty" xlink:label="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_pnm_ShortTermDebtDueToRelatedParty_4C9A8DAFB9322CD0A6274BE930E32315" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndInvestments" xlink:label="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_RestrictedCashAndInvestments_3AFAE8850E25740A7E634BE930E34CDF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_2AFFFCA8BAAAB743DE174BE930E3E842" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_E30311D44C490937CAB64BE930E38F33" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_04434CDF69691B8B483D4BE930E35EE8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_25D1249F1CE954E8B8CD4BE930E377CB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShortTermDebtLineItems_565248F5CA9953D283B84BE930E2F329" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_6B1D9FFE8DEE909DEF514BE930E36246" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/FinancingTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_28F3DD46C88E2E78CF87E7FF356A8422" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_28F3DD46C88E2E78CF87E7FF356A8422" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_127C5CE9E282D35FA334E7FF356AA34D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTextBlock" xlink:label="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_28F3DD46C88E2E78CF87E7FF356A8422" xlink:to="loc_us-gaap_ScheduleOfShortTermDebtTextBlock_EBF8AAD0CBDB3270E64DE7FF356AF6F9" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/Goodwill" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillDisclosureTextBlock" xlink:label="loc_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_C72697936D111CADE843E7FF34134D5D" xlink:to="loc_us-gaap_GoodwillDisclosureTextBlock_D38B8F2F213DB739C5A8E7FF3413AA7B" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/GoodwillDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_9C1CC9AC490509FC878FE3501E307268" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfGoodwillTable" xlink:label="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_9C1CC9AC490509FC878FE3501E307268" xlink:to="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:to="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_ED011FB4345E7736D6C8E3501E35B8E8" xlink:to="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_217FB47626917383AFFFE3501E354F1C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_217FB47626917383AFFFE3501E354F1C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_FA9AB86787C7EDC5E588E3501E35E044" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_2C7E01BE8283D0907262E3501E3585D9" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_FA9AB86787C7EDC5E588E3501E35E044" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillLineItems" xlink:label="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfGoodwillTable_96AA95E4E7B8B133BFDDE3501E3518B7" xlink:to="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_8B9DC3ACC63B597CB0C5E3501E363031" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_Goodwill_8B9DC3ACC63B597CB0C5E3501E363031" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount" xlink:label="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount_141B38F0D823CE62BAB4E3501E366D63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillLineItems_B53DFED8C960544FE464E3501E3587F6" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_F99221CC364226E914BEE3501E36CFE7" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/IncomeTaxes" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_FC0F02AFE5F30D273184E7FF34ED0C71" xlink:to="loc_us-gaap_IncomeTaxDisclosureTextBlock_049B0E41F25CBDC8B5A4E7FF34ED0F3E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/IncomeTaxesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_9FB0E03DF3A2F473927BF35D057200E3" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyTable" xlink:label="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_9FB0E03DF3A2F473927BF35D057200E3" xlink:to="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_D63FED839B886F25D5BAF35D05727114" xlink:to="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EFECC2316F4AC84AB39BF35D05727C35" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_3DA659F7F368101C1168F35D05722B3A" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EFECC2316F4AC84AB39BF35D05727C35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_87913F20B0FDB0497D26F35D05725291" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMPRCMember" xlink:label="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_7D25B547B7710722ED34F35D05722E6D" xlink:to="loc_pnm_NMPRCMember_BB3E2A80EA0B04FB004CF35D057267D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameAxis" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxAuthorityNameDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameAxis_FB7DE51E232AF293F308F35D05722FE2" xlink:to="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InternalRevenueServiceIRSMember" xlink:label="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityNameDomain_1327E8FD26BD8960060DF35D05722EC6" xlink:to="loc_us-gaap_InternalRevenueServiceIRSMember_BD3590625CC6798777EBF35D05726893" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_3DCA9FB2DEE07C770DD9F35D0572CD16" xlink:to="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_us-gaap_CorporateAndOtherMember_766C667C93F55B6ABFFAF35D0582ED48" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMSegmentMember" xlink:label="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_pnm_PNMSegmentMember_4675F0D2C056F91A4657F35D0582F11B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_ED3E3D9AF3E73DA4F94FF35D0583D65E" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_B4157C301926D653E880F35D0572FA0A" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_ED3E3D9AF3E73DA4F94FF35D0583D65E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxContingencyLineItems" xlink:label="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyTable_E1548C68C1EAF2FB0F92F35D0572E786" xlink:to="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrate2014" xlink:label="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_NewMexicoCorporatetaxrate2014_2E594715497EF22D573BF35D05839B42" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoCorporatetaxrateeffectiveby2018" xlink:label="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_NewMexicoCorporatetaxrateeffectiveby2018_20FB84E9155FF4389B00F35D05839567" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate" xlink:label="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate_C45FF191FD7D8AD40808F35D05839B41" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges" xlink:label="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges_1883FB04C706373CEF50F35D05846178" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange" xlink:label="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange_564AEC55DAB117968A18F35D0584B67E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" xlink:label="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_A853D6072C453ED9E1ADF35D0584BDC0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_OperatingLossCarryforwards_C0C16E7BE22640CA0FF4F3815B668B02" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIncomeTaxRefunds" xlink:label="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_ProceedsFromIncomeTaxRefunds_82F8DCA197082BCF1934F35D05845F82" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable_AFC52015883485274307F35D0584E3EA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_InterestIncomeOther_B3485B74DE51B642F340F35D0584532A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_InterestExpenseOther_EDEE1A66AAC49B766315F35D0584E12B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_ProfessionalFees_FFF3288C234E7BB86960F35D0584E1F9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority" xlink:label="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxContingencyLineItems_4B37AA0860A3F34EE220F35D05836871" xlink:to="loc_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority_6252143C543FBE625472F35D0584FE5E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/LeaseCommitments" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="loc_us-gaap_LeasesAbstract_DBEE9C38684C51452A98E7FF3377191B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeasesOfLesseeDisclosureTextBlock" xlink:label="loc_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_DBEE9C38684C51452A98E7FF3377191B" xlink:to="loc_us-gaap_LeasesOfLesseeDisclosureTextBlock_60F710FD09149348E209E7FF337797A8" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/LeaseCommitmentsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="loc_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfOperatingLeasedAssetsTable" xlink:label="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_333113861740F1105B3AE7FF352B8C76" xlink:to="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_18EFAE28D7B0FEB912E5E7FF352B4222" xlink:to="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_013F77BC5FE05AE6801AE7FF352BA003" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_A3F942B070E99953D940E7FF352BE76B" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_013F77BC5FE05AE6801AE7FF352BA003" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_C406DA241C0B99CED151E7FF352B0D3F" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember_7D5815D1B3AFEE072D23E7FF352BFF2F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember_3E35377B377D06C4A7C0E7FF352B8530" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member_23D31872E9C1053E42BEE7FF352B2890" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_E9725D50C8D9E83ADB69E7FF352B3F91" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember_92B665D798E5AF2D95D8E7FF352B8043" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationMember_0F56AB57535838FCBC8FE7FF352B13A3" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_D785A5A405ED0FECD670E7FF352BA533" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationMember_0F56AB57535838FCBC8FE7FF352B13A3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasedAssetsLineItems" xlink:label="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfOperatingLeasedAssetsTable_307FB097131401200F4AE7FF352B22CF" xlink:to="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Numberofleasesexpiring" xlink:label="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_Numberofleasesexpiring_8B9C71CAA4DB865F6A81E7FF352B2F59" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_D1B6F39A26431336BAC4E7FF352B3240" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_76D724F3AC2EE157C4ABE7FF352B926D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasePriceofLeasedAssetPaid" xlink:label="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_PurchasePriceofLeasedAssetPaid_88DEF5769041C2264943E7FF352B0940" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LeasedCapacitytobePurchased" xlink:label="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_pnm_LeasedCapacitytobePurchased_706EEC5066F6C9CE58ECE7FF352BE43D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued" xlink:label="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasedAssetsLineItems_461B39D97C11714AD132E7FF352B834F" xlink:to="loc_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued_18D1E00AB8498B268FBBE7FF352BFBF0" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_F1254B7FBF9F389D75A4E7FF34DD08C8" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_F1254B7FBF9F389D75A4E7FF34DD08C8" xlink:to="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_1F379CE757F63AFDA8CDE7FF34DDB9A4" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_8D685C834E6A43D51245E7FF34610471" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_8D685C834E6A43D51245E7FF34610471" xlink:to="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_698EE8C9C9D1848BF6BCE7FF34618DF6" xlink:to="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_DF61F7617E6912BDCF8DE7FF34612AE1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_DF61F7617E6912BDCF8DE7FF34612AE1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_2E56BA69D9004920F29AE7FF34611E9C" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C3D8D9E4BF1DF866CCEBE7FF3461ABDC" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_2E56BA69D9004920F29AE7FF34611E9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_33FF278EA2F7405AAF27E7FF34615CA4" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_B769DBE8947D8A2FD623E7FF3461C31A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_A77094305249726F669EE7FF3461EC85" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherPensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_9B46D8F2178FE71C2AC0E7FF34614E63" xlink:to="loc_us-gaap_OtherPensionPlansDefinedBenefitMember_A13133232F6168BA2ECDE7FF346179DD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:type="locator" />
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_CDDC28C5BFBAE247B948E7FF34615213" xlink:to="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_CEC1DF86B9377D429C0DE7FF3461DE16" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:to="loc_us-gaap_MinimumMember_CEC1DF86B9377D429C0DE7FF3461DE16" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_0A728F1B8F9A1B719878E7FF3461448F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_DD8007C7915CA4496DBEE7FF34613327" xlink:to="loc_us-gaap_MaximumMember_0A728F1B8F9A1B719878E7FF3461448F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_42F69CEAEC76557100F9E7FF34613668" xlink:to="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanServiceCost_AB004EBBC82F3F445624E7FF3461C544" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanInterestCost_4C9F4FEF78F13E5B509CE7FF34617A6A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_46ABF1384129F913428AE7FF3461682F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_0F9A88E90CBAEEAB535AE7FF3461232E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_5A15BCCADC1FBB733CFDE7FF346185AE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract_1803F75464FD6578F2DDE7FF34612BC8" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_8CEEAFE5D77ACF58B871E7FF3461A277" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanContributionsByEmployer_44D559D6123428DFB2A8E7FF34610C08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive" xlink:label="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive_8789D076E4DA8E802DF8E7FF34613267" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:label="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_00FEDDF31708ED8DF84FE7FF3461AE69" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear" xlink:label="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_6B6BCE34725D783936ADE7FF3461A37B" xlink:to="loc_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear_34FC79E05626A131F82CE7FF34617F5E" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_6F2E63FAE64195D7AF67E7FF3451B010" xlink:to="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_4A10B942DC204E706499E7FF3451858C" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMatters" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_DAF8A002BDADCDD10213E7FF34CECC98" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryAndRateMattersTextBlock" xlink:label="loc_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_DAF8A002BDADCDD10213E7FF34CECC98" xlink:to="loc_pnm_RegulatoryAndRateMattersTextBlock_9867E33E598F29B095C8E7FF34CE9F9C" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_609B7B5F481661531AA954FAC826BD66" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_609B7B5F481661531AA954FAC826BD66" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_5893152944DFA560E1FC54FAC827E2D1" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_B5288C468366F4F6099454FAC827AFB9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_703F2B76266E7044E8B854FAC827B74D" xlink:to="loc_us-gaap_SubsequentEventMember_B5288C468366F4F6099454FAC827AFB9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CounterpartyNameAxis_9C1B696C5809CC7C020054FAC82730C2" xlink:to="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TriStateMember" xlink:label="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_A3D651900FEB0E5FB57954FAC827D1EC" xlink:to="loc_pnm_TriStateMember_0FA1A8185D6D2EAE016854FAC827F1DB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostAxis" xlink:label="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TypeOfRegulatoryCostDomain" xlink:label="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_TypeOfRegulatoryCostAxis_CAD21AB52F42932333A554FAC8272BE3" xlink:to="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DisincentivesIncentivesAdderMember" xlink:label="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_TypeOfRegulatoryCostDomain_D41DA0E7126697E8E31054FAC8287DB9" xlink:to="loc_pnm_DisincentivesIncentivesAdderMember_A386943A66158337B18F54FAC828D39C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UtilityPlantDomain" xlink:label="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilityAxis_E6B3E14CC6D911668BCB54FAC8280A92" xlink:to="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NewMexicoWindMember" xlink:label="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:to="loc_pnm_NewMexicoWindMember_83D54E103C91AFA3ED1054FAC8284924" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LightningDockGeothermalMember" xlink:label="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_UtilityPlantDomain_92EE0F18E4525C93AABA54FAC828755D" xlink:to="loc_pnm_LightningDockGeothermalMember_13E60E897B2F81D86AB954FAC828205D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_E0CB8344483D8B7996D954FAC8285B49" xlink:to="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_85F008E289C8BBEB015D54FAC828E0B9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:to="loc_us-gaap_MinimumMember_85F008E289C8BBEB015D54FAC828E0B9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_11ADC32F220B01BAF5CF54FAC829AD3D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_B20D49BE9C175A7A0D4354FAC82846F8" xlink:to="loc_us-gaap_MaximumMember_11ADC32F220B01BAF5CF54FAC829AD3D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeAxis" xlink:label="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DiversificationByTypeDomain" xlink:label="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DiversificationByTypeAxis_C533A6ED0F55EF2B6CEF54FAC829A388" xlink:to="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_WindEnergyMember" xlink:label="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_WindEnergyMember_754CC946DD13C86F4EE654FAC82947D6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SolarEnergyMember" xlink:label="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_SolarEnergyMember_8DAE604B41AE4C209DA154FAC8291A4A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DistributedGenerationMember" xlink:label="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_DistributedGenerationMember_F10DC82C0F48CAEFCE7554FAC8295678" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableTechnologiesMember" xlink:label="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DiversificationByTypeDomain_22FDD84DB7D6B866061754FAC829BC97" xlink:to="loc_pnm_RenewableTechnologiesMember_0410E4512141E331BD1954FAC8292F24" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionAxis" xlink:label="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_DateOfRegulatoryActionDomain" xlink:label="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DateOfRegulatoryActionAxis_7EEC02F74078C339F1D854FAC829657C" xlink:to="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2011Member" xlink:label="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2011Member_590BAA44A67237773BB154FAC8299B2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2015Member" xlink:label="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2015Member_19E163E000FDB146F41754FAC829D1AB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RequiredPercentageBy2020Member" xlink:label="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_DateOfRegulatoryActionDomain_4D3932F49343C724AFC954FAC8294FC0" xlink:to="loc_pnm_RequiredPercentageBy2020Member_616E38B749C72E623A9B54FAC82999CE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_A4D05BC3BCE53CD476C154FAC829781A" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMPRCMember" xlink:label="loc_pnm_NMPRCMember_C8F32E68AF0EFE514E7754FAC82AD607" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_141860414D2CF4C643EF54FAC829942B" xlink:to="loc_pnm_NMPRCMember_C8F32E68AF0EFE514E7754FAC82AD607" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamAxis" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueStreamDomain" xlink:label="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamAxis_70F81CDEE32BCE3D5DBE54FAC82ADAEF" xlink:to="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RefinedCoalMember" xlink:label="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesRevenueStreamDomain_35CCC8F7D03FE24FDA3E54FAC82A68FF" xlink:to="loc_pnm_RefinedCoalMember_C48F7C9EDBA57B23FE7754FAC82A22B8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis_29CA956248B3766FB63854FAC82AECBA" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember" xlink:label="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_49F8822E8A61B8BD493554FAC82AB929" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseDomain_CA4EF5F7735D1E9143AE54FAC82A8A2C" xlink:to="loc_pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember_49F8822E8A61B8BD493554FAC82AB929" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain" xlink:label="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis_7FEE51615C4D3333DCF654FAC82AE321" xlink:to="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActBalancedDraftTechnologyMember" xlink:label="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:to="loc_pnm_CleanAirActBalancedDraftTechnologyMember_773242C2E396B9B358B354FAC82AC797" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CleanAirActSncrMember" xlink:label="loc_pnm_CleanAirActSncrMember_6F72DB4400A34648011F54FAC82A94F1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherDomain_D3D151B311ABEA645E0D54FAC82A8062" xlink:to="loc_pnm_CleanAirActSncrMember_6F72DB4400A34648011F54FAC82A94F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_EDB26D6FC788CECC2CB754FAC82ADEB6" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits1And4Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits1And4Member_5DD707055F77C0980F0C54FAC82B840E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationUnits1And4Member_5DD707055F77C0980F0C54FAC82B840E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_7EF34EF908247DF2ED3254FAC82BDEC8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationMember_7EF34EF908247DF2ED3254FAC82BDEC8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationUnits2And3Member" xlink:label="loc_pnm_SanJuanGeneratingStationUnits2And3Member_6F1E9D191979BD20D48254FAC82BFED7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_733C166C33041086267254FAC82B2A3B" xlink:to="loc_pnm_SanJuanGeneratingStationUnits2And3Member_6F1E9D191979BD20D48254FAC82BFED7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeAxis" xlink:label="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LeaseArrangementTypeDomain" xlink:label="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeAxis_D501E56F400CEFC0040454FAC82BF05C" xlink:to="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_EB7A848B00C99F845F0C54FAC82B6048" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember_EB7A848B00C99F845F0C54FAC82B6048" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AlvaradosquareMember" xlink:label="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_AlvaradosquareMember_29337833AE563D69D12854FAC82B6B1D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember" xlink:label="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeaseArrangementTypeDomain_09434948F313BDCDC3D254FAC82B5876" xlink:to="loc_pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember_866D5B74E55D2F752B2E54FAC82BFFC7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_5C12CA2ED385394CB9AB54FAC82B7B16" xlink:to="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2015ElectricRateCaseMember" xlink:label="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2015ElectricRateCaseMember_41690644DA403E8F179754FAC82C6C9E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2014ElectricRateCaseMember" xlink:label="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2014ElectricRateCaseMember_9016D4A64E994164444854FAC82C0B89" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardMember" xlink:label="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandardMember_C4EC3C5A175309358F5354FAC82C17EB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_A2017EnergyEfficiencyandLoadManagementProgramMember" xlink:label="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_A2017EnergyEfficiencyandLoadManagementProgramMember_97BD3151BBA8485E79A254FAC82C768A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewableEnergyRiderMember" xlink:label="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewableEnergyRiderMember_B248386495B25DAEBF7E54FAC82C255A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandardSupplementalProcurementMember" xlink:label="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandardSupplementalProcurementMember_E683260F656308F3698354FAC82CBF20" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RenewablePortfolioStandard2014Member" xlink:label="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_RenewablePortfolioStandard2014Member_C60AE4BE7DEA71B79F5554FAC82CAC45" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember_DB7F782F328AB1C695B154FAC82C6CCD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember" xlink:label="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember_EDF0C7DB3AF313208C2B54FAC82CDD77" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IntegratedResourcePlan2011Member" xlink:label="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_IntegratedResourcePlan2011Member_00D387C50B060371E33354FAC82C3BC4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedmeteringinfrastructureMember" xlink:label="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_AdvancedmeteringinfrastructureMember_3471C429D4A374AA5A2854FAC82CE92F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember" xlink:label="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_091D4F4AE365931F882754FAC82C9AAA" xlink:to="loc_pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember_666DB1D271F7F3D23F5554FAC82C5D23" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_15D6CCCD44E238CE684254FAC82C5653" xlink:to="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EE1A485DA7B07E0C76A954FAC82D5A06" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_EE1A485DA7B07E0C76A954FAC82D5A06" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PNMRDevelopmentMember" xlink:label="loc_pnm_PNMRDevelopmentMember_8247CCC15CDC4B7053BA54FAC82D711E" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_DE364EAB08427722EB8F54FAC82CBE39" xlink:to="loc_pnm_PNMRDevelopmentMember_8247CCC15CDC4B7053BA54FAC82D711E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_B19BD05BB7E877B3972154FAC827BED4" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_9464E3B5C16EE197036154FAC82D260F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_9464E3B5C16EE197036154FAC82D260F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FutureTestYearPeriod" xlink:label="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_FutureTestYearPeriod_53F70B4B4DC62F46ECF955598E18B2B1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount" xlink:label="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount_BE3DFF748AABE89FF7BB54FAC82D2671" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease" xlink:label="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease_11011869213E78682FB754FAC82D55AE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount_62A333460F5421CF54BF54FAC82D7A23" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage_562572DAC44B4EBB050A54FAC82DDD08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount_7F6907FF69B9F24178D454FAC82D8506" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage" xlink:label="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_84585A4E8C001DD5818E54FAC82D4448" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberOfMegaWattsPurchased" xlink:label="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NumberOfMegaWattsPurchased_0AD1ABA8BA8A2BA1017754FAC82EF7BF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_AAC81F5537717879722654FAC82EEF27" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_AAC81F5537717879722654FAC82EEF27" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetbookvalueCapitalimprovements" xlink:label="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NetbookvalueCapitalimprovements_52FB5C4C148655EF3C3054FAC82E64C7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NetBookValue" xlink:label="loc_pnm_NetBookValue_F3D42C29E35847D3EB8E54FAC82EF214" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_NetBookValue_F3D42C29E35847D3EB8E54FAC82EF214" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesDisallowedleaseholdimprovements" xlink:label="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesDisallowedleaseholdimprovements_628265357F7EF5C1210854FAC82E3D91" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedleaseacquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesApprovedleaseacquisitioncosts_8818772A8C82796E1F4F54FAC82EF533" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts_312EB1514BC693D2C3FE54FAC82EB5BA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount" xlink:label="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount_353D73ED1B8071C008A354FAC82E293C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts_A181B16239AB0D42163954FAC82E4B84" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_8EFE63FF3B83E49C33D454FAC82E83AA" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased_8EFE63FF3B83E49C33D454FAC82E83AA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualpropertytaxexpense" xlink:label="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Estimatedannualpropertytaxexpense_A8E0CE47633A1810C73554FAC82ED39F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Estimatedannualrentexpense" xlink:label="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Estimatedannualrentexpense_0F663E01CD21B30E94D054FAC82EFEBF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended" xlink:label="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_B932B7BF5C9408141D4C54FAC82EB59A" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended_B932B7BF5C9408141D4C54FAC82EB59A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Leasetermextensionperiod" xlink:label="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Leasetermextensionperiod_6127123807763EBC4FE554FAC82E379D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration" xlink:label="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_75E486B2F31E5487871654FAC82FD368" xlink:type="locator" />
    <link:presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration_75E486B2F31E5487871654FAC82FD368" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology" xlink:label="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="locator" />
    <link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology_FBCA45BC3874583EDE8754FAC82F651C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InstallationCapitalCosts" xlink:label="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="locator" />
    <link:presentationArc order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_InstallationCapitalCosts_64D4C0CDCA722831E46554FAC82F9FD4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery" xlink:label="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="locator" />
    <link:presentationArc order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery_C1E53A8A859B942310DA54FAC82F7E8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="locator" />
    <link:presentationArc order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts_85C47DDBD38C1E7DF68454FAC82FC3E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers" xlink:label="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="locator" />
    <link:presentationArc order="28" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers_2B915DA9C6ADAF1378FC54FAC82F4D76" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="locator" />
    <link:presentationArc order="29" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_DEC1CA94CBA4D789409754FAC82F6157" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision" xlink:label="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="locator" />
    <link:presentationArc order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision_4F6EFDE5E211AF60CDAB54FAC82FEF72" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed" xlink:label="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="locator" />
    <link:presentationArc order="31" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed_0ED154900D2CEE724DC554FAC82F781D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements" xlink:label="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="locator" />
    <link:presentationArc order="32" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements_3E5EB441E8F58545E94F54FAC82F864D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts" xlink:label="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="locator" />
    <link:presentationArc order="33" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts_AD81168118BA62147CC054FAC82FAAC8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:label="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="locator" />
    <link:presentationArc order="34" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_7256049ECAD650F0204C54FAC82F1A53" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule" xlink:label="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="locator" />
    <link:presentationArc order="35" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule_EA7C5641EFAE58D397FE54FAC830EC15" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofAdditionalSignatories" xlink:label="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="locator" />
    <link:presentationArc order="36" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofAdditionalSignatories_4A859487F2D4FA866D5754FAC8304808" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate" xlink:label="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_52B6F6D4D4CF8B8F72FD54FAC83031D1" xlink:type="locator" />
    <link:presentationArc order="37" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate_52B6F6D4D4CF8B8F72FD54FAC83031D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance" xlink:label="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="locator" />
    <link:presentationArc order="38" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance_E19E93783F4FFF90D2D754FAC8308993" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="locator" />
    <link:presentationArc order="39" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales_9FBCDF772C12A89CBB0554FAC8303C49" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRequiredPercentageOfDiversification" xlink:label="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="locator" />
    <link:presentationArc order="40" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRequiredPercentageOfDiversification_B31AD2D8999FB38BC3B054FAC830EE38" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesReasonableCostThreshold" xlink:label="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="locator" />
    <link:presentationArc order="41" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesReasonableCostThreshold_F323470919D2C950E9CE54FAC8307454" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="locator" />
    <link:presentationArc order="42" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity_29132948D76BD12FCB1554FAC830BA92" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="locator" />
    <link:presentationArc order="43" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity_A12D1835DA1ECBB5474C54FAC830DBD4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput" xlink:label="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="locator" />
    <link:presentationArc order="44" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput_9CA28B7D65FF744D492954FAC830CA55" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawatts" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="locator" />
    <link:presentationArc order="45" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts_0933305BE0CE70DFBA7854FAC830F21F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="locator" />
    <link:presentationArc order="46" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1_A266A20D9CBEA8972B0D54FAC830964C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="locator" />
    <link:presentationArc order="47" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2_EBE2B3955101F20C7A3F54FAC83099FB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="locator" />
    <link:presentationArc order="48" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts_69D2EC8061B1919FFBA654FAC830F56F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenuefromRenewableenergyrider" xlink:label="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="locator" />
    <link:presentationArc order="49" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRevenuefromRenewableenergyrider_BBE36F02B048C69FD18F54FAC8301F6A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="locator" />
    <link:presentationArc order="50" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate_F3E619B81CC57EA0DDC954FAC83000AA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate" xlink:label="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="locator" />
    <link:presentationArc order="51" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate_52020C1FD8CC9293240754FAC8313CC0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount" xlink:label="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="locator" />
    <link:presentationArc order="52" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount_FB3EB3DE80274FC9EE2254FAC83151DB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund" xlink:label="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="locator" />
    <link:presentationArc order="53" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund_89DF205913324641044454FAC831861A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="locator" />
    <link:presentationArc order="54" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms_794BDDDD13DC00159E1654FAC831F687" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency" xlink:label="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="locator" />
    <link:presentationArc order="55" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency_272D4A7A64F4EA2E402854FAC831DBAA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesAnticipatedfutureprofitincentive" xlink:label="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="locator" />
    <link:presentationArc order="56" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesAnticipatedfutureprofitincentive_A478662FAE8225870DAE54FAC8310D7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="locator" />
    <link:presentationArc order="57" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh_2E37FA75E8CD988584C854FAC831DB79" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier" xlink:label="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="locator" />
    <link:presentationArc order="58" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier_21AE3902C6274571E1CE54FAC8312DAD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="locator" />
    <link:presentationArc order="59" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum_0492560963CFF55DDB8554FAC831FD6E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="locator" />
    <link:presentationArc order="60" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive_259F228A8C26BE99638F54FAC831F71C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="locator" />
    <link:presentationArc order="61" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings_60240746C8475D17CD2454FAC831E472" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesFrequencyofIRPfilings" xlink:label="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="locator" />
    <link:presentationArc order="62" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesFrequencyofIRPfilings_D6970AD06C0C6617138354FAC83144CB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp" xlink:label="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="locator" />
    <link:presentationArc order="63" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp_B985E527711DCBADF19554FAC831E4A5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="locator" />
    <link:presentationArc order="64" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod_7361DEA654CF737E308054FAC831924D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause" xlink:label="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="locator" />
    <link:presentationArc order="65" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause_8BF1B5FB375B8B1AF92154FAC83224BA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings" xlink:label="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="locator" />
    <link:presentationArc order="66" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings_8249265E2C56F41B384554FAC8325C52" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts" xlink:label="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="locator" />
    <link:presentationArc order="67" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts_02CD7A40EE0350719EEF54FAC83243D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedcoststoberecovered" xlink:label="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="locator" />
    <link:presentationArc order="68" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedcoststoberecovered_D73A6E7F0EDEA5E47DE254FAC8321AF3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEstimatedFutureInvestment" xlink:label="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="locator" />
    <link:presentationArc order="69" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesEstimatedFutureInvestment_2329B9E193CF9F94B57454FAC8321121" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofRequestedRates" xlink:label="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="locator" />
    <link:presentationArc order="70" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesNumberofRequestedRates_59045DECFC8162FD9D9454FAC8320B43" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction" xlink:label="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="locator" />
    <link:presentationArc order="71" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction_C0E9ECE4FEEDD6A827A654FAC832398C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementContractTerm" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="locator" />
    <link:presentationArc order="72" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementContractTerm_D4FDEED8C9F60BB1548054FAC8324232" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="locator" />
    <link:presentationArc order="73" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts_94B4C7739A85944B13AB54FAC832AB1E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="locator" />
    <link:presentationArc order="74" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold_BC5794A229E114401BEE54FAC83293D8" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="locator" />
    <link:presentationArc order="75" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount_9DD2E0021FF3BAB646B954FAC832E4E2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="locator" />
    <link:presentationArc order="76" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased_23C620A54A32D5BD920254FAC8327C3F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount" xlink:label="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="locator" />
    <link:presentationArc order="77" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount_5E1FEF1FC6296A64180E54FAC832D26F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts" xlink:label="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="locator" />
    <link:presentationArc order="78" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts_F922E2A4060EC09F69CE54FAC8334733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract" xlink:label="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="locator" />
    <link:presentationArc order="79" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_0B20348C8EDE4B6D82B554FAC82D349C" xlink:to="loc_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract_E01062AC2691748662F354FAC833A22F" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_07399111FFD84ADEBA5554FAC83B174E" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock" xlink:label="loc_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_07399111FFD84ADEBA5554FAC83B174E" xlink:to="loc_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock_E2701116DB4816301DEB556165B72AE5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock" xlink:label="loc_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_07399111FFD84ADEBA5554FAC83B174E" xlink:to="loc_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock_DEB701AE4C19226B90D054FAC83BD482" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_6B720C81F94C7A2A511F4B4A50803E0B" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_6B720C81F94C7A2A511F4B4A50803E0B" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_6A207672524DCFD479494B53B0151F08" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_9ADF780EAD086DA15CEC4B53B0AA461F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_355DC19C161C59BFF2E24B53B0165AA1" xlink:to="loc_us-gaap_SubsequentEventMember_9ADF780EAD086DA15CEC4B53B0AA461F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeMember" xlink:label="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeAxis_897B6681849C713BEBE94B53AFEE7A86" xlink:to="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="loc_us-gaap_MinimumMember_F1A99D3A6BD6748494BE4B53B065258F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:to="loc_us-gaap_MinimumMember_F1A99D3A6BD6748494BE4B53B065258F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="loc_us-gaap_MaximumMember_82740ECD4EF54BC78D824B53B0826F87" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RangeMember_D32E42E2761EF4FB3CC84B53AFEF2C69" xlink:to="loc_us-gaap_MaximumMember_82740ECD4EF54BC78D824B53B0826F87" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_96669EDBA2095673CA784B53AFD0BFDE" xlink:to="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_E77F53A40B8BA140AC5D4B53B040FF8C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_F424B3EE5DE01C433FD04B53AFD1F1EB" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_E77F53A40B8BA140AC5D4B53B040FF8C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_DEB04BE2FD1011E4F07A4B53AFB77565" xlink:to="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember" xlink:label="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_92198B84D1636B8C89F74B53AFBBAC78" xlink:to="loc_pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember_C9D3562469D562E0C69E4B53B032B88F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems" xlink:label="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7BC490A9DD6CC43C088B4B4A50807616" xlink:to="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedDeploymentCosts" xlink:label="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedDeploymentCosts_4E7929F092B53CF99E6D4B53AF55A1FF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod" xlink:label="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod_0C942E8A5EA58E4F443C4B53AF61EF50" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNumberofadvancedmetersinstalled" xlink:label="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNumberofadvancedmetersinstalled_CBF588EB85BE4F7ACBA84B53AF6A0B08" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers_0E0A6B534D9170BD1B504B53AF737CED" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange_DF204B75FA030AE306DF4B53AF7D00D1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers" xlink:label="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers_C8DA70813573EB15B7CE4B53AF8AF900" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge" xlink:label="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge_82E1E35DDE5D4857B2A94B53AF959DAF" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice" xlink:label="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice_3D7FD74F14F799A2B2A34B53AFA04D72" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice" xlink:label="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice_8BCB18DFA27D179961BC4B53AFABBBBA" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount_4DC1C664524DE85E1C1A4B53F9751867" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization" xlink:label="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization_B0776D3591B1324F63A74B53F9FC2D6D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested_A975ED0E2FA7812EAFFD4B53FA0C202C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested" xlink:label="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems_5E3A04241B189FBDEBCD4B543646267B" xlink:to="loc_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested_EC510EA71A2A00BA37DB4B53FA1C5108" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_C6ABD2CB0E75B3ABEF4F07E2AA2016EB" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_C9DCCE5335DF045F60A507E2AA20915E" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PUCTMember" xlink:label="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_E87E53C1ADFB4913679507E2AA208D7C" xlink:to="loc_pnm_PUCTMember_EF625600A37E7EA8A6C707E2AA204F35" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_9539B2E9AC7C34331A6007E2AA208FBA" xlink:to="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_2240B83DA36E1D3552AA07E2AA210347" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_83839D5592C726ABCD4C07E2AA21F4C3" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_2240B83DA36E1D3552AA07E2AA210347" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ScheduleOfRegulatoryRateMattersAxis" xlink:label="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RegulatoryRateMattersDomain" xlink:label="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_ScheduleOfRegulatoryRateMattersAxis_B89BBCBE357156B7524A07E2AA210F90" xlink:to="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TransmissionCostOfServiceRatesMember" xlink:label="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RegulatoryRateMattersDomain_525DF93AB8707A7316F607E2AA216130" xlink:to="loc_pnm_TransmissionCostOfServiceRatesMember_8291309F3389A291BF7007E2AA211CC9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_D96463392B94941D9E3807E2AA20E665" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_5E2A5FFC5AF248B66C3E07E2AA219C30" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue" xlink:label="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue_094536D1925F19FDB2FF07E2AA21922F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_79A8923B084A763A2A7607E2AA21787B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue" xlink:label="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_EE3F4681C2821013065507E2AA2197E7" xlink:to="loc_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue_2465726F1C49634F40D607E2AA21A239" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactions" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_213352C7E83929F02CD5E7FF34CED728" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_213352C7E83929F02CD5E7FF34CED728" xlink:to="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_DCFE21024844E053D15CE7FF34CE9694" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_E84D91AEAFE8E7E31A125AAA242A84DD" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeAxis" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RelatedPartyTransactionByTransactionTypeDomain" xlink:label="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeAxis_B4C15EBFA6CC8D91C8615AAA242A54A0" xlink:to="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ServiceBillingsMember" xlink:label="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_ServiceBillingsMember_B3B86E18DC401D350F615AAA242A008E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_InterestChargesMember" xlink:label="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_InterestChargesMember_179FEA193965E7BC66E15AAA242AFF2D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_IncomeTaxSharingPaymentsMember" xlink:label="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RelatedPartyTransactionByTransactionTypeDomain_7795805EF5CB857150CB5AAA242AD475" xlink:to="loc_pnm_IncomeTaxSharingPaymentsMember_6BABF6D4BE86D6FFEE2C5AAA242A737B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_85BC57B50B0C44B5EEE35AAA242A31B8" xlink:to="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToPnmMember" xlink:label="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmrToPnmMember_0DACB181F6AAA5E294DF5AAA242AF5E6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmrToTnmpMember" xlink:label="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmrToTnmpMember_27EC189BB132875A8E8F5AAA242B4482" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToTnmpMember" xlink:label="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmToTnmpMember_F976AE4DC8F0FD0B21295AAA242B5247" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TnmpToPnmrMember" xlink:label="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_TnmpToPnmrMember_D8D049780541E0D6521B5AAA242B0868" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TNMPtoPNMMember" xlink:label="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_TNMPtoPNMMember_94F50834F0DFCCD06FEA5AAA242BE5E4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PnmToPnmrMember" xlink:label="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_A5CB3FC335BBCDD4CC465AAA242A1560" xlink:to="loc_pnm_PnmToPnmrMember_508040F40ADFDFC7CB9F5AAA242BAF3D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_286CBC07C1FFC5F8A86C5AAA242AC2E7" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_AD566DA59B44ED3BD8A95AAA242B4AB7" xlink:to="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction_FF2023A7077D6958CF3B5AAA242BDD4A" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/RelatedPartyTransactionsTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_3BAEDEF356DBA56DA33FE7FF329C334F" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_3BAEDEF356DBA56DA33FE7FF329C334F" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_80B0661886D5B6952AD8E7FF329C9683" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SegmentInformation" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_4C9C4CE84C9C6AC694FFE7FF34FD0CD1" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_4C9C4CE84C9C6AC694FFE7FF34FD0CD1" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_52AF2FA5102981358776E7FF34FD5FB2" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_B91A940F815F92F9C0ADE7FF353B0694" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_B91A940F815F92F9C0ADE7FF353B0694" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_86948FCC889DD6130A18E7FF353BC3BB" xlink:to="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9878D01777578329D563E7FF353B81C5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_9878D01777578329D563E7FF353B81C5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_C7793E476B1E950969E0E7FF353B4ACC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_C7793E476B1E950969E0E7FF353B4ACC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_7BD2A4D0ACFBC79E2821E7FF353B6FE8" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_6EDDE893A4F51F345D5CE7FF353B5E66" xlink:to="loc_us-gaap_CorporateAndOtherMember_7BD2A4D0ACFBC79E2821E7FF353B6FE8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1D7082BBB1EA4169F0F0E7FF353BE4D3" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationProfitLossAbstract" xlink:label="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ElectricUtilityRevenue" xlink:label="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_ElectricUtilityRevenue_8C3D02411D24F62AB79CE7FF353B35EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfGoodsSoldElectric" xlink:label="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_CostOfGoodsSoldElectric_844BCC493D4B64228FB6E7FF353B0D0D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_GrossMargin" xlink:label="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_GrossMargin_710391DC4E39C6AC8859E7FF353B85AB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherOperatingExpenses" xlink:label="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_OtherOperatingExpenses_DC79D52BCA2752A56DEDE7FF353B89B3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostOfServicesDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_CostOfServicesDepreciationAndAmortization_47AF6E845618E3F8F4F3E7FF353B740C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_OperatingIncomeLoss_2E6ACE4D236B1956089DE7FF353B4595" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_InvestmentIncomeInterest_397683773D024D9405E7E7FF353BB7E3" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_OtherIncomeDeductionsExcludingInterest" xlink:label="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_pnm_OtherIncomeDeductionsExcludingInterest_6EC5B8AE38127B70F7ADE7FF353B0D30" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_InterestExpense_6D6A22880DD467036FBAE7FF353B08DB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_10F1760200F9B9235887E7FF353B072B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_3B070E5317F5DDD4C4BEE7FF353BB203" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_ProfitLoss_5F4A4ED40CC47846F903E7FF353B4DFF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_3A14FF43F821BE5F46E7E7FF353B041D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_DividendsPreferredStock_DF22C5044E93FB1FD4DAE7FF353B0E23" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_FEF8A09224B7B81EBB1BE7FF353B7FDC" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_84F4902D93D2D27D90F0E7FF353B3F49" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_Assets_84F4487F2F7DB2414DBCE7FF353BD547" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_7EC7B5A9A39FECF992F8E7FF353BDB1A" xlink:to="loc_us-gaap_Goodwill_B1BBCBFE6F017BB06F8AE7FF353B4D65" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SegmentInformationTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_BDEECB7526E7477CD6AFE7FF33D4EC22" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_B1204D1F6355ED7E524AE7FF33D49631" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_F6894C6BCEA939EF1BF7E7FF3451E5F7" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_F6894C6BCEA939EF1BF7E7FF3451E5F7" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_C6D2A766B7E741CB1659E7FF3451CF55" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:type="locator" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CollaborativeArrangementOwnerObligationsDefaultAmount" xlink:label="loc_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:to="loc_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount_391734BDB20448BE5D10502EFE3F3CCD" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal" xlink:label="loc_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:to="loc_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal_4E442D12985A07C79FAC502EFE3F7077" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableTable" xlink:label="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_9859DBB554318701A4C0502EFE3A19E9" xlink:to="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:to="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_530D550BCC373B3DDAC5502EFE406999" xlink:to="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B026AC6FB424574B77D8502EFE40C68D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_B026AC6FB424574B77D8502EFE40C68D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_9B700823101C373D2C47502EFE40C8E3" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_5629164C8280073A7CD3502EFE40BE63" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_9B700823101C373D2C47502EFE40C8E3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableLineItems" xlink:label="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableTable_9C216E3C9430BB31FC71502EFE3F5BBA" xlink:to="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_3556E1EBDDF82312FD5E502EFE404A31" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsOfDistributionsToAffiliates" xlink:label="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_PaymentsOfDistributionsToAffiliates_D5DF4DEB30A1756035AF502EFE405020" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_A200661405364A29BDDF502EFE401477" xlink:to="loc_us-gaap_DividendsCommonStockCash_078C56E0A1B9F037DDD2502EFE403BFC" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_C16DCDDCA55D556254CBE7FF351CC407" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_C16DCDDCA55D556254CBE7FF351CC407" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_57E89E54B755E1C8DA4AE7FF351C4FC6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityPolicyTextBlock" xlink:label="loc_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_C16DCDDCA55D556254CBE7FF351CC407" xlink:to="loc_us-gaap_StockholdersEquityPolicyTextBlock_44E0496FC57609464C42E7FF351CFB44" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_C16DCDDCA55D556254CBE7FF351CC407" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_CD22C252B4570857D2D0E7FF351C6163" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:label="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_C16DCDDCA55D556254CBE7FF351CC407" xlink:to="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_D91B9079EDDEA1ACF70BE7FF351C1878" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensation" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_D30CCD18391BA7E453D2E7FF34CE37E9" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_14D8C3E0F52137494835E7FF34CEB749" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationDetails" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_9FF3AEAD910927A366BC35609C7A317D" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_9FF3AEAD910927A366BC35609C7A317D" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_7E9B13DD5AAF8C0C1A0235609C7AD177" xlink:to="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PerformanceEquityPlanMember" xlink:label="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_DAB2A6A8B8F6BFE05F1B35609C7A4BE5" xlink:to="loc_pnm_PerformanceEquityPlanMember_7749A70954152E83445235609C7AB568" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_08D6B0895BDE73EAB44835609C7ADAFE" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_RestrictedStockAndPerformanceSharesMember" xlink:label="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:to="loc_us-gaap_RestrictedStockMember_860BB60F97FB410FA06B35609C7A9D7C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PerformanceSharesMember" xlink:label="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_RestrictedStockAndPerformanceSharesMember_64A750CFC943B8DA513B35609C7A3A55" xlink:to="loc_us-gaap_PerformanceSharesMember_3A5B91ED4E4DAB0A4DA335609C7AFCF0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_MarketBasedSharesMember" xlink:label="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_pnm_MarketBasedSharesMember_AEC1876936EC90E755D135609C7A5C21" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_DFDBF0D08EE10856ABB835609C7AFE62" xlink:to="loc_us-gaap_EmployeeStockOptionMember_3F04472E3EA7DC01799035609C7AEFBE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F06E1EEB95538FD74DD135609C7A60AB" xlink:to="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_FEDB94D4F9BDDB6EC3D535609C7AFA57" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_FEDB94D4F9BDDB6EC3D535609C7AFA57" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_TexasNewMexicoPowerCompanyMember" xlink:label="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_B400E1674C0C7241A18335609C7A15FC" xlink:to="loc_pnm_TexasNewMexicoPowerCompanyMember_35A45EACC4607B3A5F1635609C7AAE8B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_7BCE64C5736CD2254E2C35609C7A698F" xlink:to="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingStandardsUpdate201609Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfAdoptionMember_D338D073368A2430716F35609C7A3564" xlink:to="loc_us-gaap_AccountingStandardsUpdate201609Member_459B5C32EF38BCDF282035609C7A4EF5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_BACD59CF8736BE119BAC35609C891F53" xlink:to="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_ADC34867C374DE7F689D35609C89894E" xlink:to="loc_us-gaap_RetainedEarningsMember_812382EDF7B1FD2B659235609C89F1D8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="locator" />
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TitleOfIndividualAxis_2CE914AE439CBB18C86035609C895294" xlink:to="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ManagementMember" xlink:label="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_us-gaap_ManagementMember_66D3FDEBFD1AC91272A935609C897BE7" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ChairmanPresidentAndChiefExecutiveOfficerMember" xlink:label="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_pnm_ChairmanPresidentAndChiefExecutiveOfficerMember_46BC515D82ABB9CF675335609C89707D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember" xlink:label="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_2C21F717E0EF35FCDABC35609C8975D1" xlink:to="loc_pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember_271FDC11D2E429C0ADFD35609C8964DA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_77A89106BE035EC2357B35609C89D3AF" xlink:to="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_DFAF1BAD802D3B564FB735609C89B9E7" xlink:to="loc_us-gaap_CommonStockMember_0602C695EB6AB841594935609C89588B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain" xlink:label="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis_677F4CE04E5860BD07B135609C89728B" xlink:to="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember_4813F51340745E4343D235609C893ADE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember_66EC48401C2085F30D483566E8FE7FA4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember" xlink:label="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember_77A754D13DC4B92529FF356352E0ECAE" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember_EA544B122A834FB1F4AC35609C893B8A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember" xlink:label="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameDomain_A76A39DC0BD8D682BF2535609C89CA31" xlink:to="loc_pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember_D601D147CCDA969D14D635609C898C76" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeAxis" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_AchievedspecifiedperformancetargettimeframeDomain" xlink:label="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeAxis_3D89712D6BD3AF161C0E35609C89845D" xlink:to="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor2015and2016Member" xlink:label="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:to="loc_pnm_Achievedperformancetargetfor2015and2016Member_379B847E84F4E7B1444535609C89D3DC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Achievedperformancetargetfor20152016and2017Member" xlink:label="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_AchievedspecifiedperformancetargettimeframeDomain_3C51B894A6BA401A8CE635609C89E0B2" xlink:to="loc_pnm_Achievedperformancetargetfor20152016and2017Member_FD0B4B3611AE561550A935609C893D70" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_D3BAEEFBA09EE82D336035609C7AE69D" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_56D112A60BF598C6139935609C894DFE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_90AC2B584268F56BD58835609C89A056" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate_3DD045B140A6E5A22A8035609C8958E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_F5D4D11E353B4903877435609C893926" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_9B2DE9F388DA65C2415135609C89D489" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount" xlink:label="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount_8E9CED2352BDC4A1A54C35609C89EF6E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_2AA0FB53E5D5E24EC04335609C89E9B8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_D667C504FAC703ADD3BA35609C897733" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber_26C6CC941813F136246E35609C89405F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber" xlink:label="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber_DB1BE08B5E1F41A8F7F635609C896DAB" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets_697B26BB88B6A0E3CCEE35609C894453" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets" xlink:label="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets_39648585B5704115982035609C898BC5" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne_C6AA8D7F99E15FFF1E0E35609C89FA35" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo_EA20E86FE88F62EEE16335609C89499E" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree_A7ED382A80F0965C0CC035609C89B900" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Performanceperiod" xlink:label="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_Performanceperiod_7E7D8CED175F57EF54AA35609C89FFC3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_747DBB949D95812C072C35609C896E1A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock" xlink:label="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock_C943DB554B5AD22DF27035609C89F94E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_B6EE011C7F73DBEA11FD35609C8936BD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_00E631171DB38F8C81D535609C8962C2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_DC317400C7BAB10CC0C835609C89CCF4" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice_E0B8A9015C9B72DE47E835609C892218" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="locator" />
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate_D41275FC2B069977C8BB35609C89882A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_75DDE4FD0223AE93C50C35609C8965B1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_B82ABBBA189F280270B535609C892301" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract_B3260D00317EF9466D9735609C89CD88" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_547FD847FA63A086C56C35609C89C2F0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="locator" />
    <link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6E28A06019EA93D19D9235609C892054" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_00623954F4954E2B71C435609C892DC5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_3C7A4790EA3C2034476535609C8916A9" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_8D13898230C41898E0CB35609C898705" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_59E97E5BA8D1516EBD3035609C89F392" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward_0D77F8ABA6BF798C3D9735609C89629B" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_F379D2C413F457C8A5C735609C891734" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="locator" />
    <link:presentationArc order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_59B70BB4B91A65CEBDA735609C8932D4" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_4225D84677A16D1D41D035609C890162" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_2A398C5FF47D967649F335609C8930D7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_00C64B851F48588E78BA35609C896078" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_CE8D3659EC30662AE20135609C89DBFD" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_B61FB89839CC9EE8B9EE35609C89EE9C" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_FF27FBD55C3E80C37C4E35609C89119A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="locator" />
    <link:presentationArc order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_365BCB220B5276D5737A35609C89172C" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6984A7B41505BAAAF02D35609C894362" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_51CD2DA9CEC6FE4D010D35609C89F8D3" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_BA61CA8B581C70395B7535609C89D30B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_93C1EB7F2130220D355B35609C89F3DA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_10A59E0D1AF2B1565C8735609C899441" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_D0D796D1F380265DFACB35609C89729A" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="locator" />
    <link:presentationArc order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_332BACDD3DEB39988ABB35609C894637" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_5A98E6CFE8010B18C38335609C89DD14" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_F152F0F6F114F84DEA0B35609C89155B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_4AF2229D69B474ACAD8435609C899785" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_2D85C7F6606D216930B335609C89A46D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_D97DB7AA9494670EDDD135609C8931E8" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_942672E31F8632ED597035609C898185" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="locator" />
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_BD13AD6E51755E76601D35609C89CF42" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_1DA92943F865A94AE3D935609C89B771" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_BBF3DB2B223FDD8B9D1235609C8918C6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_A6313241DA0D2CAD2F1C35609C89D255" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue" xlink:label="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue_D98F732E001A3CF97B2235609C89F5FA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_0D0B0C5D6EB92094057135609C8968B6" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_318A4DE94846580086EC35609C8937BB" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/StockBasedCompensationTables" xlink:type="extended">
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_F6B41FF0914C1AA83724E7FF354B5E92" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock" xlink:label="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_F6B41FF0914C1AA83724E7FF354B5E92" xlink:to="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_42E09E5F84FF699C9AC0E7FF354B521B" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntities" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntitiesAbstract" xlink:label="loc_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntitiesAbstract_99B1EDEA2C5E0B18CCACE7FF3579ACAF" xlink:to="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_3B6D9C31432C5A5669F1E7FF3579C21C" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesDetails" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntitiesAbstract" xlink:label="loc_pnm_VariableInterestEntitiesAbstract_692D4A2026FEDDE6E4D0E3501F9F2110" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntitiesAbstract_692D4A2026FEDDE6E4D0E3501F9F2110" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_24C618A48EB43DF113FFE3501F9FB02E" xlink:to="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PublicServiceCompanyOfNewMexicoMember" xlink:label="loc_pnm_PublicServiceCompanyOfNewMexicoMember_BC5B13EBFB5AFF53767DE3501F9F3E0C" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_PublicServiceCompanyOfNewMexicoMember_BC5B13EBFB5AFF53767DE3501F9F3E0C" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NMCapitalMember" xlink:label="loc_pnm_NMCapitalMember_72963550EC68FFE65495E3501FA04044" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_NMCapitalMember_72963550EC68FFE65495E3501FA04044" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_UnaffiliatedthirdpartyMember" xlink:label="loc_pnm_UnaffiliatedthirdpartyMember_64D18EFFF30CE22E44F0E3501FA0E5A5" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_0CE931AC8B6BD29BE990E3501F9F67A6" xlink:to="loc_pnm_UnaffiliatedthirdpartyMember_64D18EFFF30CE22E44F0E3501FA0E5A5" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="locator" />
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8D64A4B0C45DEF1E86B5E3501FA06B32" xlink:to="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_A4828A2BE6F5B2B2F3F5E3501FA028B7" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C827B0FCA0D13B86EE1EE3501FA0742D" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerAxis" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermContractForPurchaseOfElectricPowerDomain" xlink:label="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis_6E227716D991116E017AE3501FA0D0F1" xlink:to="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_PurchasedThroughMay302028Member" xlink:label="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongTermContractForPurchaseOfElectricPowerDomain_C3DAB63D9FF73B0566A5E3501FA0FB7D" xlink:to="loc_pnm_PurchasedThroughMay302028Member_173FFA73EF7BCF4B0A02E3501FA0D804" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:type="locator" />
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:type="locator" />
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_41BBAD0DB8D358B46E35E3501FA0C0EF" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanGeneratingStationMember" xlink:label="loc_pnm_SanJuanGeneratingStationMember_03519D3B37944467B8ACE3501FA0A344" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:to="loc_pnm_SanJuanGeneratingStationMember_03519D3B37944467B8ACE3501FA0A344" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_SanJuanCoalCompanyWestmorelandMember" xlink:label="loc_pnm_SanJuanCoalCompanyWestmorelandMember_1B4B2207562171DA3BA4E3501FA073DC" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_6D052D2795D5C63466ABE3501FA0FCDC" xlink:to="loc_pnm_SanJuanCoalCompanyWestmorelandMember_1B4B2207562171DA3BA4E3501FA073DC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain" xlink:label="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis_BE13A95F78432EA71909E3501FA027BB" xlink:to="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_CoalSupplyMember" xlink:label="loc_pnm_CoalSupplyMember_82D79ECD344AD481D7F1E3501FA0F4B6" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentDomain_051960405BCD72D80EDBE3501FA084D0" xlink:to="loc_pnm_CoalSupplyMember_82D79ECD344AD481D7F1E3501FA0F4B6" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_0F870D7F4DB99EBEE3A5E3501FA04DAE" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_2A1368EF2DBB75DF56D1E3501FA0F00B" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_01C9E2FD98F39A33CFD0E3501FA0E169" xlink:to="loc_us-gaap_SubsequentEventMember_2A1368EF2DBB75DF56D1E3501FA0F00B" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:type="locator" />
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_18E73C11F03EA4818892E3501F9FCF18" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_NumberOfMegaWattsPurchased" xlink:label="loc_pnm_NumberOfMegaWattsPurchased_E9CA38B8C0C9562CFB8DE3501FA08B9D" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_NumberOfMegaWattsPurchased_E9CA38B8C0C9562CFB8DE3501FA08B9D" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts_CD79C41F801E471437AFE3501FA0FEB1" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges" xlink:label="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges_D98787C8DBADBD52E310E3501FA1640F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Longtermcontractoptiontopurchaseownershippercentage" xlink:label="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_Longtermcontractoptiontopurchaseownershippercentage_721E794AE391332DC630E3501FA10429" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV_370FF90CB888E8594F6DE3501FA1727A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV" xlink:label="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV_8CEBEB1AE44E5EB712F1E3501FA17410" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates" xlink:label="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_19E9AD8DB87958F73F16E3501FA1237F" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates_19E9AD8DB87958F73F16E3501FA1237F" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_Cashusedtosupportbankletterorcreditarrangement" xlink:label="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_62BABAC81A70F32D1A08E3501FA15FCA" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_Cashusedtosupportbankletterorcreditarrangement_62BABAC81A70F32D1A08E3501FA15FCA" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_555462CA8603A3759F8EE3501FA12140" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_555462CA8603A3759F8EE3501FA12140" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestReceivable" xlink:label="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_InterestReceivable_25A04104D5C28F299C42E3501FA12F7A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledprincipalpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_C8ECC9D0FF5269DF94BBE3501FA12F5B" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LoanReceivableScheduledprincipalpaymentproceeds_C8ECC9D0FF5269DF94BBE3501FA12F5B" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_LoanReceivableScheduledinterestpaymentproceeds" xlink:label="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_ACDADA5FD903DD81EB1DE3501FA158EC" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_LoanReceivableScheduledinterestpaymentproceeds_ACDADA5FD903DD81EB1DE3501FA158EC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_D30CB5FE57CD2AB3368BE3501FA1AD13" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_RestrictedCash_D30CB5FE57CD2AB3368BE3501FA1AD13" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntityStatementOfOperationAbstract" xlink:label="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues_8798954E6E9ED7916C1CE3501FA16A9A" xlink:type="arc" />
    <link:loc xlink:href="pnm-20170930.xsd#pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses" xlink:label="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses_DB85768A0EF0B0599B57E3501FA1AED1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntityStatementOfOperationAbstract_1172776CCE5E7B686437E3501FA12708" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_242FD6E257543173FAEFE3501FA18F9F" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_3F3E0BEB1318640FEEF9E3501FA08703" xlink:to="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_AssetsCurrent_EC761A30F46FA8EE37D2E3501FA1F7BC" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_125843538BCFB6F9962EE3501FA12480" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_Assets_C051574094C07D94EE74E3501FA19EE2" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_LiabilitiesCurrent_851BC372C107D0986979E3501FA152E1" xlink:type="arc" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_A45769F63C23325C40D5E3501FA111E0" xlink:to="loc_us-gaap_MinorityInterest_13CBACD02C202684311EE3501FA1B612" xlink:type="arc" />
  </link:presentationLink>
  <link:presentationLink xlink:role="http://www.pnmresources.com/role/VariableInterestEntitiesTables" xlink:type="extended">
    <link:loc xlink:href="pnm-20170930.xsd#pnm_VariableInterestEntitiesAbstract" xlink:label="loc_pnm_VariableInterestEntitiesAbstract_604883A8A9BED26AC2CBE7FF3386603A" xlink:type="locator" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnm_VariableInterestEntitiesAbstract_604883A8A9BED26AC2CBE7FF3386603A" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_4A7976D5B35E4C4169CCE7FF338695C1" xlink:type="arc" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>conformednewexitdatea_image1.jpg
<TEXT>
begin 644 conformednewexitdatea_image1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0
M9H :30 TDT -+8H 0M0 A<T )N- ";O>@!"U #2] #2] #2QH :6H 0M0 9H
M ;NH 3- !F@!<T +F@ #4 *&H 4-0 H;T- #MU "AJ '!J '!J8"@FD [=0
M\'BF H-(!P- #J %H * "@ H * ()+2WE<O)$K,>Y%--H!AT^T/_ "[I^5',
MQ6(Y;"WCC9XH@C =J&[C1C31(9F)'>D,L1FD!.IH F4T 2J:8$J4@)5- #J8
M@H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * $- #30 TT -)YH 8: &DT (33 :32 3/% "$T -S0 F:
M&DT )F@8E !0(2@!* %H * %H * "@!0: ' T +0 HH <.M "CZT /!H =0
MH.* )!0 X4 .% "T +0 4 % !0 4 % $5Q_J'^E &%+_ *UOK2&+'0!86@"1
M30!,M $RTP)%I 2"F(* %H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H 3/.,4 +0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 AH :U ##0 TT ,- #33 ::
M&FD 4 -- "9H ;0,::!!0,2@04#$H$% !0 M PH *!"T#%% AP% "T *!0 H
MH <* '"F Z@!XI /% #A0 \4 % "T % !0 4 % !0!%/_J&^E &%-_KF^M(8
MV-QW!'U%,"PKCUI 2H0: )T% $RBF!*M("04Q!0 M !0 E "T % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E #30 T
MT ,(H :: &F@!IH :: $_"@!IH 0T -- #30 E !0 4#$H$% !0 M !0 M !
M0 HH <* %% "B@!P% "CK0 \"F ZD X"@!XH <* 'B@ H 6@ H * "@ H *
M(Y_]2WTH P9A^^;ZTAG+C79\]P/K18+DD6MS.X4D#)HL%SJ=/<R0!FZF@"ZM
M $RFF!*M(!XIB%H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M$% "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
MQW6-=SL%'J3BI<E'=C2;V&"YMR<">,GV85/M(=T/DDNA+5W)%I@% !0 4 %
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MDUZ".1D,;Y4X[4M1Z=R[9W:W<7F(I4>AIBTZ%B@ H$% !0 4 +0 4#"@0HH
M=0 M #J %% #A0 \4P%I / XH >* '"@!PH * %H * "@ H * "@".?_ %+4
M 85Q_KWZ=:!GG],0Y,Y&* /0]''^@IGKBD,T5% B91@4AD@IB"@!: "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H P=?UQK _9[8
MSD9+'HG_ ->IU;'HMSE)KBXNI,SS/*V<_,<X^@[4XQ2V$Y,C*MUQQ5"N.ANI
M[9P8)I(C_LL14N,7JT4I,ZW0=<_M#-M<[5N ,@C@./\ &I5T[,-'JC>JQ!0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % '#>(R!J\P]QS^ H0%GPASJ,WIY1_
MF*;$=A2&% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 >=ZHX6_G!_
MYZ-R![T("JF6Z XIB';63C/7FC8!I4 9.<^N* N;>A:]+!.MM=.TD+D ,QR4
M/^%1;EV*O?<[.J$>;7)Q<2#U<_SH0CK/"/\ R"I/^NQ_]!%-C-VD 4 % !0
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M,+(I4^A&*35AIW-*D E PH$+0,*!!0,*!"B@!10 X4#%H$.% "B@!W% #Q3
M6D ]<8H >* '"@!U "T % !0 4 % !0 4 13_P"I;\/YT 8=QC[0_P!:0SS_
M !5")8L[T!)P#C![<T@/1-)4?84X[4 :"B@"51Q0 Z@!: "@ H * "@ H *
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MC;62_P#+J":N[%9##!:Y 6VP:5Y!9'4Z7"8K-001[&D!?44@)0*8!0 M !0
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MJEQ;HIC;.,L![&J236_Y_P"0CN;&-H=/MXG&'2-5(ST('-246* "@#A?%O\
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MH]Q:F#<0R6TIBE4JX."#U%2U8:9TOA+47;-C(V5 W1Y[>HI;,J]T6/%.H-!
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M3@8]_6CE74=[;"6&BWUW&LL,'R'HS,%!_P :TY?.Q#9=U'P^UCIK7$LX:0,
M%5>,?C2?+T!7,-%(<<=Q2&>H=J0SR]S\^>OO0([CPJ -#C([NQ_6@9LT >::
ME_Q^2 ]0Y_G2CL(ZSP<,:.__ %V/\A3&;] !0!CZOK@TN=(C;&3<N[(; ZXJ
M=>@U;J4],\227VIQVS0)&CDX.23T)'\J+2OJP=NATE4(X'Q(V[6I\ <$#]*
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M0!'+_JS^% &!= ?:I,CO0,(1TH T(!2 MI3$3+TH 6@!: "@ H * "@ H *
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M&M#SS6?^0I=$\_O6[>]-B6Q!:RSV[":W)1E/##I2:N@3LS9/BS4##L\J$/\
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M 1R_ZLT 8-T/]*D_WJ!B0$8% &A!QBD!;2F!,O2@0Z@ H * "@ H * "@ H
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MB4*BC  ["H*)* .5U?PNTLS3V#+ECEHVX ^A_I5:/<G8RE\-ZGD 6V"3R2X
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MHFSZ&>?"8'_+V>O79_\ 7I^[V'J6K7PY9V[AY-TS Y&[I^5%TMD*SZFJ%"J
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M1?L%B\!BI&.QB@!0* '@4 */2@!PH >* '#I0 X4 / H 6@!: "@ H * "@
MH * &2_ZLT <_=D"ZD_WJ!G/0:YY>-V:0&G!XDMEV[U<$^U&H61T5I,)XED7
MH:8%Q>E AU "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % 'G6L9&J7 SQYK?SIL70Z#P9G['<>F\?RI=1G2T
M% "4 &* &D4 -(H :10 PB@!I%,!I&*0"$4P&%12 :0* $Q0 AH ;B@ Q0 8
MH  * #% !0 H% !0 8H 7% "B@!PH 6@!10 X"@!U,!PI .% #Q3 <*0#A0
MM "T % !0 4 % !0 4 ,D^X: .?NS_I<G'\5 S@*8AZ'!&>:0CTW2 /[-A/7
MY:!F@HXH =0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % &;)H>GRRM+)!N=F+$[CR3UJN8FWF6+*PM[&-DMD
MV*QR>2:38TK%JD,* "@!* $- #30 AH 810 PT (:8#32 :10 TT -H :: $
MXH *  T )0 4 +0 "@!<4 &* %H 44 ** %H <* '"@!0*8#A2 <* 'CI0 X
M"@!PH 6@!: $H 6@ H * "@ H 9)]PT <]>8^UR_[U S@:8A\>-RY&1GGWH
M]0TE%33H0HX(S2 O"@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MQW9VNGR/+I]O)(<N\:L3CJ<56PBS0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 9NM:F-,LQ(JAI7.$4]/<TG?H-6ZG&S:MJ,TFYKR8$]D8J!
M^ H4%U#F8L.J:DDBK'>3$EL %MW)]C1R+9!S,]!4$* 3DCOZTQ#J *&LR/#I
M%Q)&Q1U PP/(Y%)AL<1_:^HY_P"/R;U^\:7*A\S ZIJ)'-Y./I(:?*M@YF.&
MNZF%"B[? XZC-2X)]_O8^9DT'B74XG!,RRJ!RKJ,'\11R6V8K]T==I.IQ:I:
M^9'\KKPZ?W3_ (4U?9A8T*H04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % $-S@6LN>FP_RH \V:1@_RN1^-*R'S2[G=^'/^0%;<Y^]_Z$:8,U*!!0!6
MO\C3[@@X/E-@_@: /.VO;@$@3R?]]FH]G#LBN>7<[;PPS/H<3.Q8EFY)SW-4
MDEL)MO5FO3$% !0 4 % !0 E !0 T]: &T ,)H :: &F@!#3 81Q2 ;0 E #
M30!#<W"6T+22'"B@:.<O-=EN)%C@^1"0,]S22[A=+8Z.VR;="3VIB,_7@38'
M [T SE[8'[5'G^\* .YBXC7Z4 24 +0 4#"@0HH 6@!?PH <#0 X4 .%,!PI
M . H <* '"@!XH * %H * "@ H * "@ H :_W: .<O?^/R7_ 'J!G!4Q#D&6
M % 'J>E$'38#_LT@+@H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@"M?7265G)</R$' '<]A28(\]O;J6\NWGF.78],\ >@]J$K W<
ML:9I%QJ3GR@ J\-(> #Z?6K26[)-K_A$?W9S=#?V&WBG[O\ 7]?J'O6,G5=!
MN=/C$A DC[LO0'WI-+H!G6\TEO,LL+E)%.0PZU#5]&5L>@Z1J"ZE8K.!M<':
MZ^AI+L/T+]4(* "@ H * "@ H * "@ H * "@!"0.M*]@%I@% !0 4 % $-U
M#]HM98=VWS%*YQG&: .=/A 9S]L&?^N?_P!>JNB=3HK2'[-:0P9SY:!<XQG
MZU)1-0 G2DVEN @8'H0?H:49)[,!U4 4 % !0 E !0 M "4 % "T % !0 4
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M9)VC&30!)0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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MM]IUM?6K02QKCG:0.5/J*.9H%%+8\XGB\F=XR.48J?PI =WX<N!>Z$D<GS%
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MD#74:G&"PH&=["H6)0!C H SO$* Z>2>QXI;"9R4/$Z8_O#^=,9Z+;?ZB/\
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M SM?_P"0<U(3.0B'[],D?>'\Z8ST2V_X]X_]T4 6!0 X"@!PH =0 M !0 4
M% !0 4 % !0 QQQ^- '.WO\ Q^2_[U S7@X44 6DZ4"'T +0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 97B"Q-[IK>6NZ6,[E ')
M]1_GTIKL)HX0C#$$"@#IM$\1QI"EK?G9L&U)>Q'8'T^M0[Q]"MS?_M*Q*%Q>
M0;1U/F#BESH?*][&3JWB.WAA:*RD$LS#&Y?NK[Y[FA/FV%:VYQYRS<\Y]:LE
ML[+PKIYMK1[F5"LDQPN1R%'^)_I3>F@(WZ0SB/%5E]FU(SJ,1S#<..-W<?U_
M&F(Q1)((?+#?)G=@=,TAFQX7L3<ZHLK*#%!\Y/\ M=A^?/X4^@NIW-(9PWBJ
MV\G5FDZ+* X..,XP?Y?K3$-\-:E'I]ZRSN%BE7!;L".A_G^=2]!I=#M_,3R_
M,WKLQG=GC\Z7,K7N.SO8Y>Z\6O%>R+!#'+;J<*22"??/_P!:C5K0>BW-71M9
M_M7S,6S1>6!D[@1D]J:4EN)VZ&#XS_Y"<0Z?NE/ZM3$5_"9QKL8!ZHW\J!'>
MT#"@#%\46/VO2S(HS) =PQZ=_P#'\*:[ S@U=H7)0E3C''H:30$EG;/=W4<$
M7^L<X%,3/3;>%+>WC@C&$C4*OT I#(=4&=+NA_TS;^5)@>;$ 2?C5"/1])^;
M2+7(ZQ+QCVI#."U.U:TO986!&QB!].Q_*F(W/"VL001&RN7$>3F-F.!SU%2W
M8I*^QT-YJ-M9VS322I@#*C(RQ]!4\\7LPY6<M'XMU!3\\<+CW!!_0T^5K9CN
MNQU&DWLFHV*W,D'D[B=HSG(]:=FMR2GXHM!<Z2S@?/"=X^G>F!P0R./TH V/
M#-MY^L0D\B/+'CVXIH1T/BNU6;3!-CYHFX^AI#.''O@8H$;WA.T$^I><V<0C
M(^M/H'4[BD,* "@"AK5H;S2Y8D&7QN4>I%"$SSL@JYSV[4P.OT?Q);/;K#>/
MY4B  ,>C#^E0VT5:^Q:O_$5C:Q-Y,JSR] JG@'W-)2OL%K;G$SRM/.9&)+,2
M3GUJTK:";N=KX7LFM=-\V3AYSNQZ+VIO302*7C$_\>P]F_I4]1F3X9(&NVY.
M.=PX'^R:H1WU(84 % &?KG_(%NO]S^M F>>'[Q';- 'HFA\Z+:_[E R_0 4
M% '(^,T;[5;O@[2A /N#S_,4 8NBW4=EJL,\PS&IP<=L@C/X9H=UL&AW#ZUI
ML<0E:]BVD9&&R?R'-1S(KE9Q6LWZZC?O.JD)P%!Z@"KUZDLT/![A=5=<_>B(
M'Y@T :OC '^SH",\3=O]TT <CI^!J%OGG]XOMW%)B/3J8Q" 1@CB@#S;5K)K
M'49('' )*GID=C3)3-#0=?\ [-4V\Z%H"205'*G_  J+.]RU9Z&K>^++5;9A
M9K(\K#@LN O^.*7O/I8=DM;G'DCDYXSWJR#M]+THCPRUK)\LDX+D'^$G[O\
M(?K3V8'$RHT4K(ZE64E2".012V ZO1?$ULMK';7I:-HU"B3&0P[9QTJ'=="[
M7&:_XCADMA;Z?*S,Y&Z497:!SQ[T_BT:%L9-GK.KF=(8+N1W=MJJX#9)^M"@
MKW7YAS>1WA#"V(D(+!/F(&,G'-4A,\RE&)3]:!'>^&2#H-N!VW9_[Z-(9K4P
M"@"O??\ 'A<?]<V_D: /,G;#G)_^M0!NZ5XE.G6*VPM?,P2<[\?TJ6GT'H7!
MXQ<]+ ?]_/\ ZU*TN_X?\$- _P"$Q?\ Y\5'UE_^M3M+O^'_  0T+^BZ\^JW
M;PFW6,*F[(;/<?XT)2ZL';H8GBFP:WOC<*O[J8Y!]&[BKMI<G8R].U&?3;H2
MP$9Z%3T(]ZEJX[V.F'C&WV<VLN_ZC%3[_9?U\BM.YS>I:G-J5P99B!V51T45
M25A-FCX8TXW%Z+AU/E1=_4U6RN3N=%KMD;S375!ET^9:$#. .8WSRI4^G0BA
MA<Z&Q\4F*!8[J%I&7@,F*C5;%:,IZQK;ZB%C1/+B'.">335^H.W0I:9:O>7L
M<84E<Y)'8521)L^)X2BQ,H.T#% &'I]W]CO%F(R!P12&CIF\26(BW N7_N[3
M4W?8JR[G,ZC>M?7)E*[1V%4A,N>&W"ZB5]10(Z+5EW:?*,=J 9Q .U@1ZT".
M@MO$!VQ1" 9S@DM2LRM"]KK;M,)QUQ3$SE8#BYCP. P_G0!W<8S"H[$4 <IK
ME@UM<F11F-N<^E-]Q%6ROYK&7=$>">5/0U+12=C5?Q-(8R$MU5O4M_\ 6I6?
M<+HQ)II+B4R2MEB:I(39TGAW3VA0SR+@MT!ZU3T$B;Q'@60X[T@.;LO^/R+I
M]ZD-'?1_<'TH SO$ _XEQ^M F<?'Q*I_VO2@9Z):?\>T6?[HH L"@!XH <*
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % "8H :10 TXH 0B@!I% #: $
M(H ;B@!,4 -(H 3% "8H * $(XQ0 H&.* "@  ]J %Q0 F* %Q0 HH 4"@!<
M=Z '"@!10 N* 'CVH <* 'B@!U !0 M !0 4 % !0 4 % !0 U^@^M '.WO_
M !^2_P"\:!G$K?W2_=F;\Z+(+EF+6=00@+<L!Z8%+E0^9GH.F/(UK$[\[E!R
M:9)?H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@!* $- ##0 AH :10 V@!"* $(H
M :13 0BD F* $(H * $Q0 8H ,4 % !0 8H 7% "@4 +0 [% "TP%%(!10 Y
M13 ?2 <* '4 % "T % !0 4 % !0 4 % #7Z#ZT <[>?\?DO^\:!G "@0^/[
MPYQS0(]3TQ1_9T (YV T#+M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % "&@!A
MH 0T -- #3]: $- "&@!M,!#2 2@!* "@!* "@!: #Z4 'XT % "T ** %!H
M 7B@!?I3 44@%'% #Q0 Z@!10 \4 % "T % !0 4 % !0 4 % #7Z#ZT <[>
M?\?DO^\:!G 4Q#XCAAQ0!ZII8(TVW!.3L'-("W0 M !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 )0 AH :: $H :: &GIF@!IH ::8"4 (>* &DFD G- "4 +B@!.: $H
M 6@ % "T % !0 "@!1F@!U,!0: ' T **0#UH <* '4 *,T .H 6@ H * "@
M H * "@ H :W;ZT <[>8^V2_[QH&< *8A\?7K0!ZO8 BQA!X(0?RI 6* %H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"+S$$OE9.[&
M<8/3ZT[,=M+DM(04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E !0 F: &F@!* &GZ4
MP&'BD AI@-(XH 0T -/6D TT % !0 4 )0 E "T % "T % !0 "@!10 Z@!1
M3 <!0 M #ABD \4P%%(!PH <* %H * "@ H * "@ H * &MV^M '.WG_ !^2
M_P"\:!G![20,*<CKQ5<K[")((W$BG8V 03Q3Y)=A'JMHP>TB89(*#&:@9/0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4
M% #30 E "&@!IZ4P&&D E "&F TT -/% #32 * "@!* $H * "@ H 6@!*
M9H 44 .% #NE "CZ4 .%, % $B]:0#L4P'"D HH <* %H * "@ H * "@ H
M* &MV^M '/78/VN7_>- S9BABQEHD)]2!3YFNI-D2?9H!T@C_P"^13YY=PLB
M:I&% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % "4 % !0 9% "9 &<\4K@&1GJ*+@&X9ZBBZ 6F
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MS(8=AQF3!]Q@UE6;C3DU_6J+@D[EFM2 H * "@ H * "@!* %H * "@ H *
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M)%RF .#3 : %48I7 3(;E2,^E,"8M\HYQZ^])  *GAL XX(I@B%NIXR/6A
M  [?A2 &4#TIW 0X(Z<T"&@G>!SB@9,P+=!DT ,'I0 ;B,@YQ0 JKC@Y&>F:
M '!$ (SSVHT"P]5 ^4=Z&PL($W$X''O2N QFV9V@YH#88IQ@GIGOTI@3+&%C
M+C#9X%%^P$?& %/(ZC% AV5W C@9[4=!@PQFCT ZKP\?^):N,=>U0MV#-450
MAXH 6@ H * "@ H * "@ H :W:@#G[H?Z7+_ +Y_G0,W$Z"@1** %H * "@
MH * *D=GY=TTPFE(8$%&;(Z]O2AV[ /2UA1%01@A5VC//&,?TH6FP$D44<*;
M(D5%]%&!1YA:QG,3I<V4@=[=P,D-DJ1DDX[\>GI2L]T&FS9J Y&133N M #2
M<$#'6@ 8!A@T +0!7N0I: ,<?O./K@UC6LX-/K;\RX=2S6Q 4 % !0 4 % !
M0 U2&4,,X(],4 .H * "@ H * $/:D] &A0&)SUHMK<=QQ.!3$-7E<G^6*E/
M2XQEV<6DW'\!_E5K<1Q<P^]M)&<4# +E>">!CKUI -<'<<K@ 9I@-+'9P2 !
MCCBCH T,2!C\318+V)D'RA00<]?:AZ #IM) ;&...] ]1PCVEMQW @\YH>C%
MJ(2,8#  '&:%KT&(D8$9!.XC# C^5%^B 0LR\G:.<C':EI8%<  AW*,E>N#5
M>0AI.[:&  Q@X'-(+$@5H@H(*@<@D<T MP>15D 4'Y1R3]*.@R,*0#DC/4"@
M-1ZJTA!48:C<1+\JX*G)ZA3VH'8=M5P<@A@.!G&:$(00%P57Y2>@)Y%&P BM
MNVA@YQC'I19!<NQNT:G@+E>3C(%(-&5H[ZWA9T++\W(/7\Q2?D,(M7C?4HTR
M0JC /O1T%H::3P["LKMM;&Q5/%/8:0DK*V?+C*#ISS0MQ;&>5RN3A3DY.>AI
M[C&1R%%+*N%W<^E)@/C=C,Q0MM/4=:+!>Q:^S S1^6 H Y.>E*^EA&?<"-'6
M('.XX+9X!JK@T5Y%VR?*^>_'&*'8-1R^9YDC9 ((4_3UHMH+J/F&TD*-_KBA
M>0]$.1'=054A0>N.E'J!)%'$<_.-P/*XZT7ZA8D9WVD!0%V\ BD@%MK;=$"Y
MYST/0BA/4+$;#;))C#* 0<-CFFP(V(A".AP[#*@<XHO<-B&5B0)$E)<]1Z>M
M&@:[D2*NZ,MGDY^M,#02,LPR<+Z9I72!W F;S0JGH#G!Q2;0[BPE74[IE!ZG
M'7-/<!N\(&2,C+D  <D^_M4[@5KM/LJ&:>0KN&%53R?\*IM6T%J9UI/*\H3/
MR >E"07.AL91EE!&< @CM2>PT:@>*\?[.@+ J=[GKGL,T;"*]TCVCJ$E.P=%
M[CBGRI*[!7,J74+:QE82,TLQ&2%'0XZ9J.9O8JR6YF7^L7%ZNQ%$,8;("C!X
MZ9-.S>XN9=!7BNI85>5VW,,KQ[U?+T)NVRU;/)8J8V0.?XCCGZ4G%[($UU)!
MJ29;_1CM8 '=R12M);C;3&RWTDTN+?DG ^;@ ?2G:[T872*$NEWEQ(KLJ\GH
M#1HEN3=]A+73YH+PL0?W;;>.E-($S<>6'[/$J0R#RI 2"<C\*E)V:9>E[W-B
M5%6*6:,@AHV?!X/(IQMH)LXW2HP?M#\Y Q@41L(OQ1LVK:=LR3N/!/3 %14L
MT-6N=AO7<5!(;T--NP-',WA-Q*Q50 S[<GCG-5)VU&D6'=HHK- JJPF9-H/3
MFHT46PND=!&N(U#$MCOUIK8EG S8$[9'!)/ZU3ZC5[:CD8J 3G.1]* )[-L-
M(N"<@#UHMJ@-&%)93GS%54Y.3DU*WLNH[];$5](5!SDMGDGO5>0GO<JP?,<,
M"6+ '-*]D&^HZYDVN4*E@1@ C&!V(IZK8"#9\AX!;'/M1Y QARAP,_-U ]*+
M!= %0K(&3 (R..E,5D6#/;K"5\W]X@PIQP:FX[6&Q@KAL99CDY["FP(RFYFV
M@C/>@":',$:E2<GBDU<%H3A#<[B[?-W ZBFWT#T(;FW,4"'J03UI(-2G^A_G
M3 > -N2,^N>U%PL'RM\H&/>AL/0:R;6P1CT]J 'G*XR.OK2 -IY)P.,4 ,R
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MN$I(RI'"\_YS0%[#L ;6?OUY]#2N&J'2(J2 8!QC@'K3W B=8]X<KP1GBF(
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MB#O]:>G4-2V%  C "\=J6G4#?T)0EB%'K26[!FJ.E,0X4 +0 4 % !0 4 %
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MVA(C!T#+T(XHB[@U9V'U0BK.2;6Y&0,*V,=1QWI1^.U^PSCVSM!QG/J*J_F
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MEN3GGO1L @SD C@4 .R1GG]* &,HW+C'K0 J=\]J %'!)Q0 P_,>!G\*!#B
MR9!Q@]*!B%<-Z_TH <H). ?RH >@(3++QZT=0(I6#@.@ ,?4M_2D!;@G2.(#
M.<GKB@=A 0UP#(S*J^@YH:8CI/#[[[)B#D;SBICNP9KBJ$.% "T % !0 4 %
M !0 4 % "&@#GKK_ (^Y?]\_SH&>?<@\<4Q#@._84@/5=*;?I5JQ&,Q+Q^%
M%R@ H * "@!N0&QWH =0 4 % $;*6P,D8.>*3N-:#Z8A: ,Z2W^R74U[$.'7
M,B9P"0.#1*[6FX+30MV]Q%<PK+$X93Z'.#Z?6DAO02?_ %D'3[_]#45'[OS7
MYHJ.S)ZT("@ H * &G.1C\: '4 (<XXH * %H * "@ H 9(VR-FP3@$X')H
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MA5PR1-N"XSFDWH'*BSY#J)% X(^7FA[W&BL\$K*<!<GT-"ML!!/ ZD^OJ.E
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M "@ H 2@#GKK_CZE_P!\_P Z!GGU AR]:8'JVF*5TRV#=1$O3Z4@+= !0 4
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MB_0?S,G469YBDF5*G ('\Z=B6T557:,$D@\<4 6+4J)=K#@B@:-JQ6!'995
M"_ZLMUR:+V86N:,]S,Y'E$ C&YAT-3=!8;.'ECZQX4G!&,T1?F.UC-D#QQ\J
M"K'D9[4[:A<JE954/&"3C@CC'M19/1BO842,TBN'7#< #C!]#25K#N.:0/;[
MI3N8,3C/-5ML&^Y!;N 1D'#'KZ4;"-*)QLR@;=C&\]*D8V4DQD*Y+=6QS320
M$$AVIT;@\$&@!%8^6/0<_6@+DCMOC.T?*HS1Y"*4A#3*%R03R#3>@6)+QS&7
M1 N[( (ZBC6P%*RL9;VX(W@GU)XS1HA:E\:=;VI82%9),\*#3370=NY>-NZ1
M!WDC11\HC!YQ4Z K]$*^I!SM\O*G@[<9I6:'9$7VF1F"N1M#?C^-"78"6:>)
M"<F0 'Y2!WIV>@:$4T]H51D,N>C\^U&^E@LUU)(Y[5(QMCEWY*@;N#1JMPT[
MD=W<,SDH7"#  /44607(A<Q.JAI)8V.0Q HL^H7[,<(9FE00W,<K!A@$X[<4
M:+5,'?L'V:]"F+[)YK=-RD$>U.SOHR6TMT0/:W++L-JT)4X+$\'VHMKJPNNA
MH:3;I SO.-JGA6Z8I.[&O(U(M2MV&]I1O (Q[U/D.SL0C4\.S>:FW=\JMP2/
M2F'R*NJR&002*&_>'=M Z$<4UKN+1" 206,T\D(*^7USSD\<TEL+0S-L^5D+
MX?:,'N1_6J:T0]>Q>TU-[+YA8@<<#@TKZH U2!)K&2>,,N <;O8<]:M;-,36
MIA:* &8DX^91GTYJ1IFE C'Q#+Y>&)48SWH;N"N6+F-SY@E/E[6+8SR:4E8-
MT0)+;1WC[RTG7#$XSP>M%PL1^>7O(00 0PV*N,@4G9H:.N0 6@+9P$Y'%$=B
M6CDU"M*W.S/KP.M4]QK8JW-N\# ,!@]"*+WU3"Y)&)" B\''XXH5GH"8++Y.
M.G P>] T2_:4D+$J5SZ47=Q7)XP%M6=WVA^,>W>I6XW?8K32QM.YRQ!'!QWJ
MEZ!H,=L[>G'ZU5@$8.P50@!4D@U-M!-B(-X 0@'&[.:- 'I'U5F!].*-@]1K
M1#S@N. .W>@- EB:*3( &!WH:!#(Y6$@/4^_>D.Y()'V]< >G04!<>I,@+!1
ME.3GTIWOH!$[%LG'4Y/%%A$)RNXG@4 2##*,#C&*0$9 1B,@<<\T -1%9^3Q
M3 F0 -U  I#'[,KNVX]2*>XAD0S<CCH.,4F,E96:,@$9)Z'K3$5P1G##D<4-
M6#0$3]\2IP!S2'8)=I?(8D]SVH$1]3USZ4T X#UY-&P"<Y]* #;U!H :001C
M/% ".ISGO0 OS<#B@!P7*^] #_NK0 B#YB?7OZ4 1D88CG'>@!Q7CH<"A 5G
MF"R"/9DGWH#0<)$R/,*CTSVH#<>D@CY@96SQ["C<-A&BEE&&D0#N<8-'J&I<
MMU+#Y/F4<9/>CS#8Z7P^ +(@-G#'\*A+5@S7'M5"%% "T % !0 4 % !0 4
M% "4 <_=?\?4O^^?YT#.?'@[4#_RT@_[Z/\ A5VCW)N^PH\(7T>2TT&/J?\
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MD9% AQ8,XV$Y[\4P&,N\D#Y3_.@/0B"D2<F@!R@ GC- "@$].* %!X)YSTH
M8JJ,[R>OY4 /=D4D  CU!HN WCOCG\Z %SD=<_7M0 $=3Z=J %5MRXP3]* %
M,F& QD=\4 Q0JY)4_G0 W!.2V<GH31:P"R.-FT\$T; 5K9%>:21@"H.!2O81
M9,<+L Z<=N*J["R+$$<0EVX5!CN*38TAMR\:.5 4GZ4<S"R&HTD&(T(^;J6Z
M"D.YTV@'-@>0?F.<5*W8F:HJA#J %H * "@ H * "@ H * $H Y^Z_X^I?\
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M$BFK@5Y"JONX/7!ZT@]1Z,6X4#'&>.?_ *U/S%<)R=RN O':D%K;#8_/@P5
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M3Z+S7^?]>I:T3"[MQ<V[Q;MA<8W <C_/]:O?<C9W*ME=&)TLKEE$W(3:" 0
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M).5]",U2U%\Q) KQG 9E! 7V-);CT[EN=EB& N\8R#CD#O4I@]#,ULN%C*<
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M&J*XTUR0=HQ@XQSD4O(.A5M@6M+8#C&2?S-/I82+A1@0RYY..M(>I:TX!90
MI4@$[L9QQ2DFMQ:$MVHD9_+8MMP,XP3QS30[,AA64,@VJVY=ZC./PI:;A\BQ
M*P!G=E0&( J /O$\_P!:(O7036I"D<AEB+R2*21P>G/O3TM=(=WM<(<1SFV+
MEAN+'':DTKAJD7;MT@TV0%<,ZL06ZXQ36S8K'*Z,F]I,DXRO ^M5&P%Z^V0;
M'; ^7!)]<]J3#J=#I?S:8LF4\PJ=Y(R3D<4HOH-ID=Q:+!ITD[98L!G'/7CK
M1%Z7![FE#;Q26L8*'& 1G@BE%NPGN96IVKVZI^]R'8 9XQ[5=E:_8:=]"F9
M+;R8T!7)W$+R>?7TJ4M1:(A=D#D("5"X4D]Z+!ZD-RP#HO)P,D9IK<+E?/0]
M,<Y% "J0'W9S]:$!,&3+'.1C-%V A;]WESSWP.E&H$]E;X/F2#=@';DT>@;D
M<LQ8R;N,C&/6@8F0T .-C#G)[T6UU%Z$##+X&0, ?I1IU"P@+(2&(*G@T )*
MQ+ KP1THL!;A$C$S2A<D=ABE:P_D0&<JP*'D'K3WT"X@8HX<]2>GI28"2CS'
MWL>O&<4[BTN2_9@%P6&2,C':E<+,BQ*$(SA1GGUIV"Y"Q+D'/(]* N("0>E
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MAZ4 *Y.1SQTZ4@&G.Y3MSBG8!5<$<KW[TM0T&8X/]*8#0!N P>* %.0<]^U
M &'FKD_4T@'OE2<<XH 0<J,#\*8"N"%.>&'6BX6$QA,AN:- %1V<A0N/>CU
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M_P"^?YTAGG?'%4(EMPC3QK)G:6 .#TI"/5--0Q:9;1MU2)5_(8H&6J "@ H
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M@I"'(A."PZ'-,"<<(20<'I0!T_A7_D'-SGYC4K=C>QNBF(* %H * "@ H *
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M-/\ $>H)H /G*< 8ST(H D9GP$)Q^'2@/01$)7<3T/:CH! A:4DJ,9.,GK2
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MDGZCOL4_WHVBO >\3[2!]#0IQ>B:^8.\5[R:]"L^4N-DBM&6Z>:-IIN\5JK
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M3 =*L@5E. GJ#2W'J1E8_*#<D@TP)?,[ ;O>D#.H\*#&G/QQO-+J#-X4Q"T
M% !0 4 % !0 4 % !0 4 8%Q_P ?,O\ OG^=(9>33+9P"QE/MO-5IV%KW%&C
M6(ZQ$_5S_C1==A:]R[%&L42QH,*@ %(8^@ H * "@ H * $YXQ0 M !0 4 %
M #$&W/IG(I@/I 47!_MJ,@_\L3GCWK&?QQ]?T9JOX;]2]6QD-X![T .H * "
M@"-F(. #D@X/:DW8!-F9 [,20,8'2DTFT^PR6J$% #(XUBC6-!A5&!2L-N^I
M4O!/&&FM5CW[?F9@20!R!P.1][CKS3M<5TM22UNX[@, "CJS*5;@\=_IR/SJ
M4^@[#9[/SYC*D\\+;0I\L@9 SCJ#ZFFTGO\ F_T87:.>NI+^&X\M;^=<L0H8
MC/7'I4^RAY_>P4WTM]PQ9-1#E?M\P(&2&(_PINC%=_Q#VC_I(!/?@.S7\^T'
M&3P/P..:/917?\?\Q*;V_P AKW%]Y2N+^?CDX.>/7ITH]E%]_P ?\RG-_P!6
M'[K[&7O+@C ^7=SV/I0J<.WYA[37_AB$SW>TEKJ? ZX;I^E'LH=@]I+O^ ?:
M+@X_TF?)/3?_ /6H]E#M^8<\NX&6XQG[1-CH?GI^SAU2#GEW&F28+_Q\S#G^
M_1[.'\H<\^XI>X*Y-Q-_WW2]G#L/GFNHA:55YN)??Y^E/V<%]E!SS?4(XP(V
M.=HV_+GOS5D+<0KAODX.<<=Z16P*Q3=U ;\J5@N/CD(**>5#9)Q0KK8&D]!7
MA3SR1&03TV'!_2JEK\2OZB5UL[#XIK@H0)F9 N=DJAQ4*,5\-UZ,<M?B2?JA
M!NC(DCC$;Y(W0-C/_ 3Q1:^]G^#_  !-QT5U^*%-_+' 8Y4652",NA0],=1Q
M0HM/3_/^ON"\7O\ U]Y@SQA) Q!'K_\ KJF271 C:7YR2 E3C IZ-#MU,HDB
MY7/."/YU(BVV0%('?DTQEBVF1'PXX/?I@47!%S4(HRJO'(K@X QZ4+N-IHH%
M"O/;TS1H(LZ9>+97:LP#Q]"N>GO4M7#R.B^UV][\T0"A3DD#F@=D5-I29HPN
M27VJ>Y%5UU%YD6H0D76!@G'3Z'^=)M)!J=%#)''#$A89VX_(5":2"PIO(-K$
M/G;UXJKA9D%Y+'<VSQ1/EF' QUII@<C-/@;6'4D8- RYH-ZL5PUG,H,<K<$C
MH:3=GS(2ML,U%1$[Q8;&\X(/4=J?4+F<L14,54[>],#3TJSF74+:9X7$9888
MCBD]A71I:O;_ &S4 '^6*-<%L47Y=PM<Y^YTJ3[43;QNT9.5..HIW6XAIL;@
M@ 0MBC08Y=/O(I2R0L&0<C'\Z';N*]A=94QVFGHR[6PQ(^IH>Y3-D"$GYL X
MY!['%)MIC>J*DP\^?=M5%VJ, ]NE+;07H4[A1$?EYSP!5;AMHQ6YMHHU+ H>
M5'\Z+::[A<A0A,@Y].*-0N319"KSP03]*+#78GA#*I8G*@X:@"6>SCDA!C8*
M<9#9[4K]&%F1)>-;A8+Q21P1*!R!2Y6MM@O?<D8(1O20.IQR#S5)H>JW)+A%
MD2"-6YSG('-).R%K>Y(K.&:*0.58@*^.23VI7L!8@L<VA:)BV7P23D8[TE9W
ML)W3LQ-;C>'P_<;N6? /'O\ _6JDK(9G:-^ZM;*2,8=I"G*Y!YY-$G[HD6]7
MD)N$A)7Y1G)4 Y/8XIW:!;62*2>6KQ@G<22>?PHO;8=O,?J\:RW/DQ@.H48(
M/0=Z%L2]"72)?LT,IFC9HCM4GTJ6^5IHI69J&SCD:"2V8'DE<_=(]*JXK,?J
M6L6^D0*KJ#(1Q&O%0V]EN-)6NSB;FZNM8O#))DY/"CH/I3C&Q+9.X33-IPK2
M'H >E5?HAI6U8EE:/?3/-(,#)+,1P*$K(6[-KS$BA6*(C:#D>E#?4M*Q=LX_
M(A^T#.'4@C&<G'7Z"E>^Y/D5I=2C,30,4C'(VCC)]?K1I>P[+H9]W)NL2^<L
M".M*UMP9"&+11MT)'//%4A%T1AK=3M&YNIH3[A8GA@6 !I&&2< CM4NPQ+IH
MV4OMRQXST]J:>FPK6U*3/M)4 ].OK20R!Y20#@=.@&#3 3)W98 X(/-/H+05
MF.XEJ%8>I$GW< <8[4"$ ^OTH DW80!1UY)(_2@!@'.UL]>GK0NX"X*J6Q@Y
M[F@"/&UBX/.>"!TH FBVK'M(R^>OI1Y!IU';<R\C&"3P*/(-QN,!E.1R, ]Z
M0QV"K<-\IY7GBAV8M0BWLN,A<#MWHLKCU1&@_>@G!SFC85A(XB6 ).0,]>:-
M@)8XD5=TA)'M30AH<(HRHV'/UH&.P%88!.1VH\PV*VT_0GD8H 4?ZH,Q7)//
MK0 Y.7 )PHI 3+CS..AX-#8R,Q@!BQV@?K0]! BG<IS[\TTPL <AN'"C/)-&
MEQZ]"*.822!3T!ZTA"$!LE<\9Z4P)HIB8 %X;U-(=P"G/4$>M,0@!9\<?7TH
M"Q%D%SM(QW-  W"Y&.#Q0(0N,#O]:0V,DVLZMG*CUXH$-5205C.">YZ4 6HK
M6-4&,,Q/S-FG=#L694"!!R2!0%B,*6612N01WH KN-B$9.#V- ALN,*(V! '
M8=: .M\*9_LUN?XCQZ5*W8WLC=IB"@!: "@ H * "@ H * "@ H PKC_ (^)
M?]\_SI#-B/H*8B6@ H * "@ H * "@ H * "@ H * "@ H * *9XU1?>+^M8
M37[R/S_(U7\/YERMS(0C(QZT (.#BE:PQU,0QV"*6)P*3:6X6%4 $D#&>32C
MW&.JA"4 (&4@88<].:5UL.P*"% )R>Y]:$A#J8&=?V8:,SVZ,MPKB0,APQZ
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MT<PCD()))]*0?,?O0VQX^9C\N#S1?4?0H3R :M:,PX!7K]::W)9JW%V=H8*
MN2<CK@\<TVF5L4-3LI+;9N(.1NR.]'0C7J5H2/O,*0#S)O*Y/"],T+0>Y)?6
MSP*KD':XX/K3$R&U?[/=([<*#@XI/R&CJ+=Q((VC4E<[B,?>I:H;LC)U5O*U
M,R",A6&2GI568D[&E#]CNMC6K9;:<CN.*F,KZ/<=K$B1F-0N3M.3D^E'6X@
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M&U91QQ6_SJ%*<D'^$XZT;!;L0Z==0W>IWS0MN51&I/J1NHO<&K:&G0(* "@
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M'(YI6 4SJ%;(SGUH%H=%X9V_8Y-IXW?E2ZL'L;=4(6@ H * "@ H * "@ H
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M89A<8S\IX]>*:W0'"M_K#QT'&:+6N4"J6"COGI1L(7RPIQNP?3TH 18^"20
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M/:C895"2)M*LZJ?F '&31HP]!L!4ZA"HD8?/EL^I'>DT#9JZY,LFI0VPW;E
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M$H 6@ H 0]/2@!C.$VAL_,<#C/-3L,?5"&H HVC]:D;%YSZ"F(=3 * "@ H
M* "@#/U#3DNTW  2@8R1PP]#Z?4=*%8+M;#+&[7"VEU^[G3Y K'EL '.?QJ7
M%0T>S'J]2\_^K=6.,J?F]*I:".-G!1L<$=>:;W;*(B1QC&#@]Z5@$Y;)SSR<
MT, ZIR>0<#WHV 0OL! Z CCUI@,$A ( ZD<46U"XOF!>@P>G6E:Z 4NS*2.
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MD[' ./046))H[,  L2?8=*8%E8Q&HP/RH'L.4#.. : %8' SZ\T@ X4@@9-
MQQY/)^E !L^;&>?:@0Y,!L 9]J!BA&/)48':F(&4*N??IBAZ 0NVY"<8]*0
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M"^HNX&([1T VD?2AM[#V)HX^%<A@Q&%S0(IR1E)%WD >I/6GH L1"D GZ&D
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M<4:]1W(K<[97+*25*G&>U/9V$/EW-F1N23P#SQ0&@PJ2-[$Y)X XXHMH U"
M0V",+Q@XI;C)DE+ '>0.  :2 ;.NZ4AA@#J,Y/UJA6(5VKC&[.<@BAAL3!%W
M$,,#!&:+Z 1H<JA(SMR6]\468RQE5C8'C*\8[4M.P6&1*(D#2$$D=*7H*PVX
M=$A!!Y!SGKFBPQ(W18R)&.<4_00QL;V5 <]0/4>M/<!WS!<D!.@.?3%*PPD9
M3P&X[&GY@!*Q\.-G'!]:386&SDM 8XH2N\#!/:F[]1:)%@1X5=KY( 4^_%+3
MH/8C9%5N,C!ZTT K[R^5)7'0TK!K?08 1M4'/I2T <H8#&,#T%.P#&8*_ Z]
MC38"2E=H(. >U) -"Y5549XR:8MB)7*-@'D>E%@1/-<+Y&9'7/3GJ:E:#M<S
M?/DD<QPJ3GH3U%.UQ7+45@(P&F^8D<]P*:%;N6TMX_+!4X% ["M$$4Y./3%+
M<8V*,2LP'.!F@3(90IB))Y!QC%/R!CM/M'D=YDY"C!S0(GE4C[PQVXI#0FT,
M .<?E1?49%*FU1CUIB'_ &E8F4')SV I)=AZ#"P\Y&P<9[=:/( ?+.220OIZ
MT -; 8$?/W.:8A68!"S#G/0=Z0_,B=_E&,@$<KWIV%<6/:%QGD^U# 1CDD?K
M0@.G\*?\>4H!XW\"IZ@]C>IB%H * "@ H * "@ H * "@ H P9O]<^/4T#.2
M'A?5STM1_P!_%_QJ^5=R1P\*ZN.3; ?]M%_QI\J_F7X_Y =[I4+6^DVD+C:R
M1*&'H<<UFQER@ H * "@ H * "@ H C<L -HSSSSC%)[:#0D0"IQG'8'.?UJ
M8JR!O4EJQ$:\Y?U_E3\A66Y)2&4AQK!'_3 '_P >-9RMSKYFO_+OYEL#  SG
M%:&0=.M)@.I@% !0 F.<T % "T 0X90P11DDD>F??\:G9^HR.>-MR2J6W*P)
M ].XQ^-)_#=[_J-/H6,\9%4M42.I@% &9KB2/I<HC/"@EOH :AZ[%1:5[B>(
M\_V#<XZ_+_Z$*LDR5MO#W]G*\LD:R&,;BLA)#8YXSZ^U2JJO:WX#Y7W'Z?J4
M]CX?MRT;3332%($[D=L_C_2FX/:(7[ER#5+U-2AM+ZU6/S@2K*V?\^E)Q<>M
MPYHM::#8-4O[F^DAAM5,<,VQV)QQG%/EEO<'**TMJ(NJZA<B:6SM$:"(D9<X
M+8]*7).6MTOZ_KL#E".EFQTFMR/%:K:0"2XN 6V$\+C@_J#1:>VS#W5JQUGJ
M-T]V]AJ$"Q2LA9"K<-_GG\J%%Q=F[@I)[*P_PS_R!(O]YOYU1)1U^2UBUNR>
M]4& (V[C/KC]:5VM4AV35F5?-T^YU^P&E!8RK9=A\H8>F#^/YT.3E\0E'E6A
MOZM:2WEJJ0[-RON^8X'0C^M,=[& ^F7T0.^V8@#'[LAN]4T^EF)2773^O(KA
M%C+B;?$2/XT([TK26MM"E)2TBT1[T)+;@1G)Q2;*LQ\99/E(89Y/'44Q;%R=
M1]F.X8P,8S[YZ4)Z[!8S][;=H7:.>1U^E#WN,<X(6)N ,=#0)"M\J!CQC%-Q
M?5#,^[.=2M^, ;>OUI+1HF1IR,R%MA&"3S1N[#(MO3J>.U'R"PUMV#M7*_UH
M6@K P_=J3P<>M"L,T-/02,$" \XS4MV$=4B[(PH[#%,1S$H"^.8\]_\ XF@&
M=50 F1G% &-J\;+=0G)%O*-DH'0^G%/I<:['-+8RV>K".0(0KC '?GBC?9BL
M^J+URP_>2M$C9!/EYZ<XI=="K*Q4N8WE=XG7Y0F>3R/I30MR8Q11V=LZR$J8
M\9'<YYHNGT&DR.=V$6W.PA1U'4?Y-)AZ&3'-,28U)*D]6/0"BQ-V68WP<$9^
MG%,:)PP;:01BDM %N&VJN#EF.!]:!EV5W,44<N<Q/M8>F<4N]@T*]TN[<8\X
MSQ]*+]&#"\<+*-GRG;R.G-/H&PTNRJ 2&&.QI(&6$F,4,D( *N0Q)Z@ T/>Z
M"XR_@DGU9DBC9B,< <G YIQV$V9M\LB7#(5:(;ON'M^%/U"]RL@93P2,?A2%
M<FN[Z:;3TMY6)"/D9/3BE:PV[F]82(&BQMP$4<]2<=*&-%JYCSQ'@EAD@_TI
ML-MRF95*YD!(7"]:6JZ!N,='B9%/0Y )':GK:Z#U!H61PRD-M_3FAZH"+>P9
M@  ?NY].]*WD'H3)+SC )P3GJ>*+V 1P-P.00>HI;A\B1%"@'>/EYXXXIVT"
MUF20-\C"1<ALX)%"T :)(X1E<(R#CGO1N]1;$L[)/#YV<2 <GV__ %THWV8/
M<INX6)!R,L,D=3S3>J&K"7G[R9GWC:",>_:FDM!#K29+6?<R[AWR.!2?D-6Z
MFDSVUX-Q?:^/3KQTIQ=A6&BU7[-Y<;-YB<*1T/?_  I;WN%W8GAAA1A<3RL[
M@8VD DG/44--=1ZLR]4F\^X##Y5Z(/I3WT AC<%5 ! )VD$T?F&@'*K*S,"
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M.]+4+!"6V!68[B:8P<8<\YXP,T 1,"'V[N0<F@+D2.5.% P>IIZBT%,A5MV
M#V!I6&-#,[$L, C P:8#4^_\AP>G!ZTF+T';@ PP0<C'.<T ,+%P<GO32!@,
MCU% "@<CG I =/X6 %I+@8^?KZTNK![&[3$+0 4 % !0 4 % !0 4 % !0!A
M3#]\^<]30,LM>3 86UF;W"FG9AH1->WN<"QF_P"^:.67E]X:&G:ES;(9%VMC
MD>E(1-0 4 % !0 4 % !0 E "T % !0 4 % %$G_ (G6/^F'_LQK"?\ $C\_
MR-?^7?S+F.<UN9"T % !^% "T % " 8H 6@ H * (P-IX.%]/>IL[C'U0A:
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M2Y*D=,#KQ4I 5)W,K9VX  ZU23$QTK!SM3..H!/2@'J/MHL)\JD DXR/SI]
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M:C4!%![ 'V% "G/04@&DYZX_*F XGD\?2E8#I/"W%K-S_%TI=0Z&]3$% "T
M% !0 4 % !0 4 % !0!AR_ZY_J:!FG$X(X- BP.E "T % !0 4 % !0 4 %
M!0 4 % "4 +0 4 0*!]MD/?RU_F:S^VO0K[)/6A(4 ,Q@$KU/J:5@,NZEOQ
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MLS2 ;P<DGGFC0'?<M6-E/#&'_A5@00>H![T-#N="",XZ>GO2).<\76P>*.4
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M[F8*!^!/:DK7 R[B)XY""/KBEZ QA3:X?!Z8%'00<$AL'D_C0,D"XZ]QWI7
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MSI9I9R YPHZ#VH4;"OV'QVYRID^5%]:>P;CY-N45$ 4'\Z L@&<\#DFD]AW
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M<4@/5-&0)HUG@DEH4))]=HH O4 % !0 4 % !0 4 % !0 4 % "4 +0! /\
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M/3TH]!$2J!DD# % (E"\\G'T[T .#1\,<YH3&*\:ECC&",Y%%P(S& !@]#0
MC*>R]?3I38AA Z_I0 .1CUQTS0 Y5X( YQWI /*X Q]#VH\P.A\+@"WG&/XA
MS4]09O50A: "@ H * "@ H * "@ H * ,63/F-QWH&>;=Z8A\.SSD\S[F1N^
MG>@#UBSC6&UBB3!2-%53Z@#BD!8H * "@ H * "@!* "@ H 6@!* %H * *P
M?_2Y%P<!5[>I-0_C7H_T*^RB26,R(0KLA[,O459(R S%?W@V_P"]C/U..*25
MAZ6),[MPSCMBB^M@V'TQ"!0.@Q0 C(KC# $>]&P"%26#!V QRO&#2:Z(?D/
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M  ,MC.: 'A\$[3]:-1WL2.5"9_O"D@L0HN[ Z#WIB)0B@')R>F!0]AC,@''
MQ^- #3,BD;6^;T%( ,AV@!<$=Z>H7!I"=H)P/>@ ;  [_C0(8'49X&!Z4#)4
M<,#@< 4@L*F.6/'IGO1<#H/"Y!AGY_B'%+J#V-ZJ)"@!: "@ H * "@ H *
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MQBA>0T*%+-D9QT&:0"[QY9(.""!@<8I@0@ *"03R<BA.PDT"KM&> :&PL1J
MVT#@]Z-@'L#LP3C%" ;SM.>HH#<$&'&[H>N*  KM<C'(ZG- "EE(7Y<4:@*
M#G/''&: "-6)+'G%&P#L$'CO^%(+6%7Y6(&#GWH&/:,# 1\<4:"UZ$1CWX3G
M/KFF \*L:@!,D]:-0LAILHY) TH.T=NQH3"W0D\NW4,J(% '3%%V'*@&/+RH
MX/M1>X:$$TIRH(Q@8% #03N'?UYH 12IRW(&>G2A@*5^;GI0!(AV?-GIVH]!
MHL-@[2#@$=?2D%BM. S\\TQ,:^0P4+T'7I0@) $'.X@8I#L1Y'/H#P:!'1>$
M6#176,<.!BEU#H=%3$+0 4 % !0 4 % !0 4 % !0!BO]\_6D,UHAA:8B2@
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MV$$%3D]*+V A2!))E9R<@_PC@XJD[(5A;J%X&!#LN[H,]A0TAZDZW[LK;N"
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M&> 1TR*86%8$+UQQR#T-))!MH(1T/<CMTIVT$)&@,J\ $FDWW'LB\@(=PH)
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MG/:BP7(RK,"6SGO2MJ"'HJB5<$C P1US0%ATS!E"H!USFG?H&R(N=H/7O@T
M(00QR>.*0>HK#MP<#I0 S^'Y<T *O !- (4,X VD9)Y!]*![#CAR#DYH >S$
MJ"0/3([4 1OP2<D^U -A$O[S STZ"@5R?;\OS< >U&PP20N2."HXSZTD&@P1
MIB0O(P/&T8XJ@U8\+'&RL&X/09Z4KH+,B==\A&!BG<5AP& =N,CO2'841^8,
M$<&AZ (8XV "@C'?-,5ARJ!@'&/Y4#'J-L9QR0?SI7 K2?+(P7&<_E3$#[MS
M%V^;Z4 0R0L\J .5&>3[46"[)5M8E!^9B0>YHNN@69T7A- D%P ."X.:GJ'0
MZ&F(6@ H * "@ H * "@ H * "@#&8?,?K2&:J=*8A] "T % !0 QU5UPP!'
MH11ML!7M$F1,310QX&$$1)P._84:WU=_Z]6#MT+/0CB@!U "4 +0 4 % #1G
M)SC&>*0#9&*[0.K' _K^F:3V8T/JA%/3<1VA4D#$LG_H;5$IQB[-A8;I]I!I
MML88I2REBV689H=6GW7WC49$\X@G@>&1U*.-I&1WI*K!.]U]X.+,D:%:!#%)
M?3O"!\D32\+[T>UHWNK7]16GL7$LK2'[(3.?]$!"$N.A&.:?M:?=?>/EEV$U
M*TLM1B3SIE5D.4D5P"II*K3V;3^8<DNB&65A96,K3&Y,T[KM:263)QZ4_:TD
MK1:0*$WOJ5FT;2U+J+QTA8Y,0F 6CVE)RN[7#DJ]+V+AATTRVKK+&GV7(C57
M  R.])UX7LV5[.78M"]M?^?B/_OH5/MH7W#V<^QD)I.D1IA;UU7.<"XP,U3G
M1EJXI_>+DJK9M%JRATRP9FAN0688):7=[TW4IK9)![.I?5M^IG:]/%-=1&*1
M7 B.<'/>G"2DVT)IK<N6VE1RV43K(0SQ@_,H8<X[&K4]-/S):UN-&BS1MNAF
M$1 P?*9DSSGMQ3?*W=K\!IM?U?\ ,26TU$$)*4N82 ,21B3!_0X]ZE1M\+:_
MKS_S);OTU^[\B-(-0M\?9XI8\$_*DF5_[Y;_ .*H<%9M6_+_ #7X%<W];_Y,
MS]:U*ZFL6MKJT9"KC]YR <9[<_SHY91!--71K:'?V+:;;P_:(UEC7E6;!!_'
MKUJ7-)ZE*+>Q60,\[*I)7)Y[9IO1W&[@?3J<=OK1:XAWV4-'DH 2,YYXI@9/
MB= H@ )(YP>QH6UQ/8P4X(*Y)H))AA1C&?4TQG0>#_\ C_GP,9CSS]:ENU@,
M.X ^TR#/<]:;![C1MX.#D]01D4 * 1\P./I0!TN@,'T2[:5C\K9)YZ <4MBE
M=G+W5R]S*=Q(7/RKV%"C83;97"C!QD8IB%V8SGTZT .(''&.* $C&)DR.I'2
MF!T7C3'VJUP"!Y7]:E#.9'%4([#P01Y5X?=?ZTNH&E+%LB7HIR05!R*=]=!W
M,R2+$9= 2,]#0]1W(H)'$@^;_@+&I>@;EI\(OFIRQ'*$8Q^-/5Z!<P[XDZ_%
MA,$!>!SGBFM'N)E^%%9T(5AW(-#=A_,NK<!"^^)N%.T'C-+9AH,6?<\>Z ,>
MIQR125^X-HL;$99"ARN#VQBA28%9PB1R)D A<_I1<%<CMK:-;7YD7<R\$C.*
M=W>UQ(ED4A2S#")SE1SC%"U6X%)?+1RTNXJ5XSSUZ4UIL.]^I7>,-R#@8! '
M?UHN)CXO-9=@0''?!HU0)DR6D[JV05VC/!I))O0=V5]QAD'S$@#!H\T*Y?MI
M!)&SLOS@8QVZ47;V'H8JL&U>,[B,8Y/TIIV%U-0MF-8\G)Y('3VI:C979"T^
M#QLI["N1R*2,GDB@!JDA<')(/0T6[!<F$GRC(*@"@8I8D9^8\=0:+ 2+NW H
M6 VX/T]*$O(+ZD2J,C(PM("4X... >OK3 "1NPW..F.U+7L I (WXPI/3N:%
M89%*.& )(!ZY_K3TW$ 782I YZBD \8R>@ST]!0%@DB(ML\D!L'T]J/,"'EL
M_7&:-A#HFQ*K$$X'6DQEI;@"UE)4EFXX[4*][A<I;C)(7P3G@=Z?2P7%P&C(
MYR.AIH0I!4$'@'D'% 7%92H!!+>H]*0_(785=D(.>,''2FUJ(L7!'R$YP!Z4
MD-DFB@-J +#Y2IX]:F5]!=#3N[>.1%)7>,8QCH:N]F+?0H-$84&S*N#PIZ&A
MKN-"2&*ZM'90 ZL.<<CU%"5]P:ZHI*,#@\C/M4V&6GG2>W"3$F0@8([4+32V
M@-=41^6OD[BV0!PWKR.M-/0->J&%BLAC;D'TZTM-P(C%_H\K [3MP.Q]*?D'
MH:WAB!;/29+ATVR$YW'\L?I^M"W)L4[]WF+,QYSGCO3OKH58@''(XYSCH:5^
M@D1HHCG\QQQG./3BB_8$3"<;OD12O)(/4T:]QW0P[F'S'!(_ "C1:AJ#,-RI
M$O10Q/K3W%H$RQX7()/ ..U&H$*1D^9*5 VG"KFE?4!Y(VG=PH///4T7&,,B
M%V(X0#@#G)I(/4C5R>O4\FFP)$.,\=!SQ0!8C$>X!CC:,Y]32;Z -E*!\@C)
M ''TIW8;$)3:$(XSG Q3$,CSG!SR<4@),;0^%P <4 1D94X/S'I0 _.4"D88
M'/N:/(-!A4A<#'X&F!'A!D$D'/I0!(BDE<'VR:6P6'J,@+MY' /:CH&@TLT9
MVK@DT!L-)P?F! I@6!@1H1]W]12 <2I3GIGH31<=@50HX4 >M&X;$<XV@;LL
M3TQUH] ":V"X+#:IQ@'DT7$/$83 Q@8[F@:%*KY;' ^@IW8A@=F<#HHZ"E?J
M,!C^'- (>I&<L,GH:/( (^5<'Y4'UH%8C(X+GC)I@*[!@OKQVZTK@,+;F) .
M?6@!H7;G&2!R,T6 Z+PL<Q3\G[PXJ>H/8WZH0M !0 4 % !0 4 % !0 4 %
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M(P/:@8J8WMD\8ZT *K84@CGM2] .@\-!ECG! ZCD=Z.HC=IB"@ H * "@ H
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MBDX//3UH$.I@% !0!$S%"21\M3JG?H,03IN1&!1WZ __ %N.U"E<+',>$O\
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M:E/R"S(I-/DSV]!@U6@7(9K28#A20%["@-B!()0<+&>><"A@2+"P0!D.X#C
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MCB/(.#QBGH(LR+M0$E7!&,=#UI*P>I!/-(Q& !\N<CN*- &F0 $J<MG)R>E
M$625Y/RXZ55]0,]V UNW;!4 J3[T+1B>YL7,ZO:)&IQM;*D>E(9!;QJLZ%OD
M^8$D^E#:L(;/ 3,[J<KDD$]A3T =IE^MG.Q14D<#!R.1ZXJ6AZ=3568D3W,D
M;/&QRO.03_3 I*PGV9EW>//5D'!&2!V-5MJ-&3@SZD75T4#&23QT_6FK">YN
M6\HM%WV\6^4C'G3=0/\ 9':DTWHM%][%[K=WK^1HZ%/<37-V9Y6DP$(SQCKT
M%+D4=AMMEJVM98]9O+EE'ERJ@4YZX'-/H(N7$9EMI(U."RE0?3(I6NK!L<PN
MDWQL&LUL($?'S3L02W?BKL_YM";Q[.YKVUE/'?6LSJ L=H(FP>C9'%*V[N4,
MN;>_MM1DNK"-)EG4"1'.,$# -*U]G8$[;JY!-I-W<V0>>1'NEE,JH>5'^S0E
M&+T8-MZV^066FW1OX;F>WM[5(0?DB RQQUIO1:RN*ZOHK>K+^C6DME9&&8C=
MO9N#G@GBI:ML$;VU0DUG*^NV]XH'EQQE3SSDYIV#6YH4AF#XF./LOU;^0I+<
M#/C:+R(V\W$G"X/:AM:Z%),M3AX<$3*W'/RXP:2<6KH+/:PT3L2HD"!>Y7I3
MT6P?(M>2'B9XSCMM!R2<]:%:PAHAE@)8-(#WSTQ32OHAW%Q( N3"S(.F!DTO
MF'R)!<R+(6EM"IP> ,G\*O786A"\D<CYW$ CH!C/%%] 9DHK)*0P^X<#'4TG
MN-%ZTVQGSF"[B<@]:-0L2)<,6(S@MU!6EYBT%B4 ,[[0Q]!Q3OYC1GW,)^U-
M-OR,C;QG-'06Q)%CF-%WE<DD="?2FFQL+]O)MTMR%W$DOCU/04>86&X2VC!D
MD& A)YZ&DGW!795DN3=7D<RR!HU&S:#R,=*$#N68Y@I SN48Y(XIVMJ@\F.E
MQY;*N$8'H.C>])!J C4.N\@+CH.]-,109"K <E?7'(H:0#GPD:84;L\9&<BA
M[!8,[ 1CYLX(H\AV%^8IT&XYP:&+Y#E/ELSX ;C@_2CU&1&2253Y8 *MR1T%
M 7L21P*SMN<$@9Q1=(5B*Y4LN[!^4@ T7[@RV,-%_J\@')-2/0KD%HPD:@+S
MN/I3MYB>A9LXE!PK[@!G.*3V&B.?!G*^9E35/R 85567 /04O0!PD.5!/W>G
MM2L,3([DYYP2.M-"(@HW=A@\T[,5AWWG('0'&3VI##"#(#97'3O0F!&XPP;'
M Z4!L(5&T=*8A,D8'<4@)(W^ZI4') Z4F,;,Y#  <U0"KD\[< TA=10GRXZY
M]J+@(0 A*]1T%.X[#5#;O?O0(F.=G7'IS1;N,7:TB9X"YZ4D P)\Q &5%.PA
M2@)(7ICM0 T@*1P,CCK1<8@7#9)P.V*6X@'0D9Z9YZ4/08G.#QQZCM30A53;
MWZTK@/*[027X'\Z8$(Z=3C-("5R03TX'!H"PC9P<=QGWH0Q""%YSC .* U-_
MPIQ%<<'[P_K2>XNAT-,04 % !0 4 % !0 4 % !0 4 9!'-(9YH?:J$ [<4"
M/5]+<2:5:.%*@PJ0#VX%(9;H * "@!#TXH 3G/M0 Z@ H 9("8V&,Y%"T8"*
MH,(1AU&"*B&B5AO<DJQ!0 4 % %>)\W5PO\ =*_RK)?&S22]U,L5J9B#I0 M
M !0 4 % ')>%@?MMX%^^$&.?>CR&=+'B9%<\,#S@]QU%3&=[KMH)KL2(W\+%
M=X&2 :H%>VHK,%QG/)QTIA8C!8D9!#  D=N:378K09&WERB-B(U( C0]\9S^
M-1>3E=@W?4L;1D''(X!JK$D6UL$YPV.N._M1KM<=QW)89&#TZ]:E7N&VQF">
M]BBG2*)Y9$E7:-FW(+<Y)X/'<=*%%IO3\@<NY#<3:I'F:WCF9&96\I@,@8;<
M/7'2GR-RTT^?_!%=?TC8@&+=%(887!#')_&FM-AO>YRTENKNY!V<\XJI;M-#
M*YBV$J2N,X!]2*:8%&UC(UHJ5R06XS[4+5BZFQ-:6M]:JCN5D#?*1T%)/NAM
M#/\ A';%5#&\;G'!7I3O'HB>60J^';(R%/M#8 SNV\4<T>P<K-'3=)M;"Y\Z
M.Y+D?+C&/\BI;B"36Y4.A:;),0;DYSD_+Z^]5S1ML'+(<WANQ3@W>TGG[HY%
M'-':P6;)/^$9LB<?:3].*+KL+ED:UE;QV%MY(D!V]SU [5)5ABWI\Z.)@,D'
M.#UHDU?0=BQYKDX50<C(SP:+")/,Q$7<;0!DCTH8%-[YXN)(P"3E>>H_QI#L
M@6_9I73RP@7/+<<"G86AS'BZ<2W<' X0\CG/-'H#T.?^@IB.L\$_ZN\^J?UI
M 7[@JTC;0 ,^F*HIJQ2E. (\CYNI-+8!C0@%<%2",'G@5-P"3Y(U8]2.?:JT
MN%S)N6']NVYV_P!WCUHCHR9%^?:9"<#/H#^M#>I3(U5"02<8?)YZTGY BP92
MB8?)V'!.><4K::!="0Q[L8SC)P/2G<!6C! 8C;V.3WIW=M0W&B$NR@9(/((I
M7 @U",)X@M%QD$)@#ZFB#U$_(T;B%(K61I>"#M4?J35-I,:,Q'(!!)*G&0.Q
M[&D*Y-)YFX#)VCN!QBDM]!WZ 4>%"%"MOY!QS1?S%L)%<21QF,'AAD@]*!W!
MK<W&%._'(^7@'_ZU-6$_)E.9%@UI8XU"+@8 _P!VG>[%9+0T("SP*Q'"'&?6
MH*]"S:F:$7,L%P(R$R05!Z?7ZT-7W87MKN1'5=2"J?M P?6,4O9KNPY_)?B(
M-7U+:6-PO'81BDH+NPYUV7XCO[4U/8"+@<C_ )YBG[-6W8*7DOQ%&HZCMYNC
MU_YYBCV:75_>'/Y+\1QO]0R/])/(X^04_9Q3W?WAS^2_KYC'U#4%;_CZ;'^Z
M*7LX^?W@I^2&'4=0[W;_ (**/9Q\_O#G?9#6U'40/^/N3'J0*;IQWU^\.=]E
M]P?;;_DF]EZX &*?LX^?WASOLON 7E^.MY-Z4>S79_>'.^R^X;(]Q<JKS2R2
MA,@;NF3BA126GYDW;>I7N( DQZKT()X[4/S!>0P74D06.105)R/7FDUV*OW+
MB3VSLJKN0 ?-D]^]#ND!>@GC0CR9 &S]PCVJ5UN,ORW$ENC,EN&7 !(/4XJE
MT)NF4Y)\D[()(R0 ".I]>M).\0NK[A$7=I24D+=L]Q32:8[H;+"_!VLR[<GC
MIQ37D)L@,+^9A%R^3E7! QC@YHN%_F,$,B'>%(."< YYI;A<89)&.75LYSQ3
MMT&FB2**;[.Q\ML C.6_I[T+?0+@UG(SINX#9)7N/_UT"N2XCM;;'*YR0!UH
M] 1DW<_F39R2#STXZT(;=BS.4G49A'S8.",C(IJX.P];>%5Q"HSVP, 4DWU$
MTEJ1R[TMV!51E1BGNP5B6VD+PJQ ;CC/:D-ZH<K 1=/F'8CH,]:>HGJ,EC4D
M-QC&,>M) 5Y(N O&%/3--@QDJ(%P>,'&<\FA,"-/+RFXL#N_2DP^83 N^!\J
MY!ZY)IA?L/P(\[@N"<X!Q^E)L:0Z*4^;($4G;U('6GJ]0NA7RD<B;2<@ 9'?
M-%]17%(/F@JQP$'4?G4C(V"J54 #=T/3'UJK]P]"8L\9"AL9/-&X7L 7@E#N
M(/)/:D'J,8DY&#NZ=.E%K ,5R<9Q@#&<46T$!DSA3CZ"BPP=N,-USUSUHL C
MDN=PP.>U&X#HU."X7V]J-1$;X& .3_*@! ?NCC YXH 0@G)XSZFF'4D@0F1"
M!R#CBD]ABW,)6?D=>@- B-5R2?3TH#4D7.2N!F@!'9=I4#D'J*-1A'G!]!US
M0 \X**<=>U/41+"Z ,<#Y<<5/4&A=I$C8X)&2,TPV&%2$P&!(_.F!&%(D.X<
MGD9%&J#<;M(.,B@!0.H(&>N#THN,/+)4A?QQ1H(:%("[3@\YXH'<!NVG<,_4
M4MA7%9AMX ],8I@@V_(=O7O]*0" @]N<=2*>P6''[O.">@%(#=\+ !;K!_B'
M%+J#V.@IB"@ H * "@ H * "@ H * "@#)(.:0SS/'(JA HR0!^5 CUC3?\
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ME:P[^98%PTB>:LC;D SQVJ5'H%[,NP27,:ET965D^4'KS0K7TW%ZH2:YN%@
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M(X)( 4@_G3L X)VR>!S0,-H4@YY^E(!Q8L!P,XQ2 :3\W/.?TIB%("L?KD4
MAA?MCCM0,GMI!$X+\*>HH"Q)(-Q5P..G%#[B&D;KA5 ZGJ10&@^=7C92.C#/
MX4!?4AD; [#VQTHM<8Y)2$VDC)Z'TI -<JSX/3'04Q,0@9]?H: $8X*G S0!
M&QPOOGFF&PY<AN>OH:0 HP>!C'K2#0<C;0?EZBG9@,;&_(^N*-P!20#D#!%
M&_X6QMN< YR.?SI=09T-,04 % !0 4 % !0 4 % !0 4 9=(8/J<,8QAN/8T
M^5]@T(GU6-AQ&Y'K@T^678-.YKJ05!'0TA#J "@!K' R 3]* &NQ12P0MCL.
MIH&E?J(DA?K$ZXY&['^-0I7Z#:2ZD9N)-N1:S9ST^7_&GS/L/E7?\_\ ('N2
MB!S!*<]N,C]:5W;8.5;7_,DBD:09,3Q_[V/Z&A2;Z$M6ZW%=F7&(V;)[8XIM
MM+17!)%6^VAXI&)S%N=0.Y _P)'XU,[M60U;J6E<, 0#@C(-4G=;"L*S;5SM
M+?2B3L@2N,$G[TIM<$#.<<'\:%+6U@MIN4+L27J3VT,>R3CYFRN._..O3]:C
M1SLUT[>9<ERI.Y62UU17N'5D$@C$49+'!]6QV/ JE"-]OG;\/Z_X:&RS;:?-
M!J/GR7$LZ!<(">AP!SS[?KS0X15FEJ";:M<TD8L.49?8X_I33OT!JPJYQ\W)
M]A3$-W'(&P\]^*5W>UAV%9B!]TGV%,1ROA5MVK7)[%#Q_P "I@=$QE,P<+*
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M:0:CF.$5F&X\CFB[[#&;N=IX4'./>C?46H-RRG')XZ4[>0"@;3QR>>E+4+6
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M.M&P$;*!&67&T$9XH W_  P1LN-H&,CGOWI=09OTQ!0 4 % !0 4 % !0 4
M% !0!F'K2&78^E,1+0 M !0 4 % %1;EC>20M&JQJ!A]_))[8J7H]QI7V+#L
M$4L<X'I5"0Z@ YS[4M0"F #ISUH KM(Z2OO'R#'0<@'O^>:SE>_D5I86,%9
M#A<@@#/7!XP/I_2J3MH_D3YDA^1Q]XACCV'%)JVHR2K$4XQB_G(!_A#'\*SO
M[QH_@1;Z5H9B Y&: '4 (<]J  =/2@!: .3\-_\ (<N]N/N'_P!"%,/4ZL@'
MJ*0$,T3.R.A =,XSTYJ7JAIV',Q102I;UP/Z4*X"K(K_ '>:$TUH#5AK6\+Q
M"*2)70=F&15W=[B>NXL@C<>7*JLK=F (-1S68#3;0^6L8B0*C;E & IZY%7=
M[L!0#N!)P<X ]>.G]:FW5#):8B%E89V(&R><G&:EI[K<=Q Q<<CRY!G'?_\
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MD4M4,@ZD8'(QP:!6&*6+?,< =.U(!%!7&>U, <DOC!%*P",!Y@(/RXS5.VX
M,LP7.3_*DK .) =3MSSZTP)$RX!QG:WY4ABL0"1@G@<^E# >F>X.UA@'THV0
MAB$+GH<'!&?\\TQZD;?ZJ1AG('!]* U(@IQDG/3-#5A$RA3%\S$8!X]J5@5Q
MF\B$F-F']*6M]1^8MO<R8(:0[B-N:+:6"[9*K8VQL2@]1S56%KT'1G<05);/
M !]CBD]ALD+L5.XEOFR5/(H2[(-R/;"['S$ !(/ Z56J%9,8=,-SN2W=64'
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M S415E8;']\58AB2!W=0""AP<CVSQ^= #R 1@B@"G;[A>W6X'&5 XYZ#]/\
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MUP4V@MD+Q@'G-%@&RS&8@\A11T%<A)PW3K[T 28((WCH,\4]>@7$#%3@8/\
M*C7H DC-D;L$#IB@!T%P8W Y -)[#\ASD G;P0.<<T]Q%=\E5//7% , ,8(Y
M!]: )2N&48'- #XR-[ G''>D!M^& !]IP,<KS^?%+J!T%,04 % !0 4 % !0
M 4 % !0 4 9A S2&<ROB:(."/.CSUVX(_*C7L&AJ6_BZQ *SL^1W"4FVMD.R
M[G11N)(E=>C#(JB1] !0 4 5Y)#YXC6-F8#=G=@8SCUY_*IE>V@UL/"MMPS
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MZ))KE^!]P ]0.<4<NFX:=!@*>2-\:D'@DT7:"R$$JM'\J ,05!STH2:ZA:Q
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MC4+#2 K<KC<<4--")^ I=$()'4#K23Z *FYQ&N"-T@P?7BAH>VQ5NT574 Y
M&#[<T=["5^ID7^/,3&1R>OIQ0#-)(P)0H;))&?:F]QV([]?+ND?=D''-+H(M
MQ -D ]?6CS'8>6 ).,X'Y\T6Z6"PJYV[AQ@<&GN"&!MVT8R3WJ?D!(,A.1D@
M'% $((V$,2/F )(HV86L11KNF&&P2>/2@!7E+GGCGCC]:=@T'([$X)X![4MD
M IP1G/RKT-5H!*TBM AV\CKQ4_,-"M@%\J,8'-,1$0P<_>X &:87%506P,Y
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MRHQCO3N!%@@XP/QH#01U&T''7UHZAH.B;!*CKC/ I,"4X*;"N._UIW#2Q'M
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M+C.3@CT/7D?A6;>FO]?U^6H[+4G(!ZCI6EB1N-Z'.0&'8X-*P)Z %"$DL><
M9/3M1Y@170(C\P%LQ_-M50Q/T]^WXT./-HAHYOPP2=;N2W7RVR3_ +PIB.EN
M%+QD!6)!!7!QDCG\J+)JW<J.@]7Y"MA7.2%SR0._ZBELR26F 4 % "4 !X%
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M4-LVKD=*2M86O8M:JZ6\B!!EBHS[G---@O, TWEK&2N,CM1;E'\C)UY@3;@
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M 0 CGT/84M &!2S$DX/3('>@!4D*-MVY]: '*#;,7 !#=<T:= ]2<3Q\83(
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M8''&?TIAJ, SM)(.XD<TF!N>&AMDN$W<C'%)[AT.@IB"@ H * "@ H * "@
MH * "@"B<4AGEZL4<,N./4 C\C5"$5BNX#&&&#Q0!ZM8<:?;_P#7-3TQVI 6
M: "@!,#.>] %>(;;F4;\\ X)&1U[?YZ5'+:7,AMZ6+-6(:<XXZT 0R(4CD>
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M;/L:8#CC .0:0]"/:!U]>M,0H^;)/'K1<"13M?C.,=C2N,E,ZE7#EB_-&VC
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MZ<<]*+@(R$D9.#[^M/3N BH=^,9&0!CG%(9,!Y<@9)/F![C\*?0$2C *A5)
MQVHL["  K*0Q'(+9SVHZ#!,#Y0^%.,G'Z4GW D!+1N21N &!V-"6H$?F$*A
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M2<9.*U,QDY?R',0RX&1VS2L ]>5PP[D<TPV%4Y&1T[4 )G=D \>H/>A,>PW
M1QP2Q&,X[>] ',Z,Q3Q!?,JGY1(<#N-XI@CHK<N JLV]=@(;&"?\\5E&3;UZ
MZ^@Y;["R@),LJQ;F8A&;.,+R?Y_SJV[(D621@2L:%F !ZC'.>?TI7UL-)=18
MG+ AUVN/O#G'X4)]P?D.,8+;OF!]F./RIO5"3L(J;,[68Y[,V<4E&PV[DE-.
MXA:8!0 @XH @FN[>W4M-,B >K"I<DG;J-)LP57?<EK:W9U8D[I3M7%:.^[T!
MM=V_3^K#I4FBPS2A6+?*D2\9I-*^KN.]NR(H;#>WG7/$0R6&[G\J+VN)ZA>/
M:PG%LJE . 3S1S7V':RN8CM\['^=%[B8 GG)Z"@+BJ1MP2,^N: %P-O7I0 W
MZG!H 7H>N,\?6A^0=!!CD$XQVH] $&=PSTH /Z4  S^5, (^7GCBD P=#3 E
ML(&N;V*+C!84A6.^ V( .B+TH0&0)"%4/'E3D^G44DWNA^A7CE?<43F.1N >
MBM[TTM;AT$FC!78RG)8=#U&*:0(6TC5MSHF#R,N< <=*3T86U&2PD;2D@.,\
M+R0?2CJ&QB7Q$>IVX!Z$<_C1U$S=N T: ="Y 'M0UK>Q1#)%(H)(P0.GOCF@
M742($(1U+#!YQ@TFNMACI @"#.T@$$9HBF!&9R\9C'W>V.YIV"PR)95;._MS
MFC;8.HCNXB8@#(.03UH2 MP1 LX#)]W\2:'HQ%?S#!.RY7: #D=JFW<;!I'W
M &0,#SC_ !HL&I/*2VGC<#ESA<# %4O)"1FW)"M&5!4@8SGK18/0DCG(C<G:
M0QYH2L,JZEY;V1<X#!AC!XH$RQI4L<-G&6&XNI!ST7GM0UL-;#YC)(ROM!!&
M#^'6DD#]!EP +9E(P5(VCVIO<5AEK\T>/XAC&#[T#Z%L(2<<Y/!Q2; C*D%<
M-D4*P#' &.GN#0]!6$(!!!SQ[47&/2,["R@=J>EA 4()XR0.AH2"Y"XX/+;5
M/&1ZTD%Q2NXL".E4MQB1?(#RPYP#BD"NB5!\H^Z0!@Y_.BP6)@X6' (W9&<]
MJE#U%9&9P[$#'<5=M!$:_(2I7.!QCO2: 4NHMFY*N2 3TS2M?<!JL&0-&<$8
M^]^M"\PLQL^\@;NGI1H T,%<,"<$X('>G9,+$BL-VT#Y0<T"L/C9"RLH.!Q1
M?4>P&6-4(;IG S1L J[.0H')/2B(MMR"?[RX..N"11?N,@E!&5/!'ZTA &!7
ME5..1Q3O;J _> ZG!SC(- *Q>4$Q8XX/"GH:?D,FL-HO%.=N#W'>I;OL&Y%
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MMQ0PV8%6'!(^H-( CPA*GICI3 W/#6#+.<X.!Q4]0Z'0TQ!0 4 % !0 4 %
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M)ZFJT#O;Q1;]V&!R&YQGKFLTM'UN7?=[$HMY"H\UE=BVYCTQQCBI<7KM_P
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MDFTRH !89%##H=9:_-9VSK)%@HORY&<XJ8M6W*L^PS6_])TR1R-I(R?3C_\
M757Z$M%0SDQ1*Y+,1T(H2&.1FEW,">>"N/:C8'H59U>,;B">>..*+"*RC<6V
M@ 9[FEL,4Q$/TX%.R%H-&$D.5!'H!2#0E$>P(2O4@_A0!-*Q\@[% 8#/--7[
MCV'JX1,Y52.A...*FZOJP46^A7$ZL,JP!!R,&C0+#X@ TA<G<1T'>J%\Q@:,
M9"I@D @XZ4[L-!J#?@')YQG-(+C2"%&22.F*+#N/C7:C%,G^E+<6J#81M+<
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M#(P>IS0 W/\ +^M(!H'0=OZTP$R!GL* -SPOS<7!_P!D<_C4]0Z'2TQ!0 4
M% !0 4 % !0 4 % "4 0=A]* /)2, &F(='CS%ST)YH&>O @CBD Z@!IS@XY
M- $)=W4)_JI64'UQZ@&DQI=21@HVENW0^]2E:.H>A36^EF!:*QDD0,0K!T .
M"1GD^U/W^EOO?^0]!?M%VH(73F Z_P"L7_&G:7=?>_\ (/=[O^OF*9[W/%F
M/>04<K[K\?\ (5X]G^'^970:@NXFV1F( RSCBDH/FNY:#<T]D_P!4U K'_H\
M*E"."_7 P*'#LU^)/.ET?X QU+[8)OL:$*NT 38SZGI]*;IW:;DM/7_(.=6M
M9_A_F3"YU''.GIGVG'^%7R^:_'_(7,NS_#_,7[1J/'_$OC_\"/\ ZU'*NZ_$
M7-Y/\/\ ,/M&H_\ 0/C_ / C_P"M1R^:_$7/_=?X?YD*PZ@UQ))Y=O!OP<D^
M81QVX'IZUGR+FO?[D:<[M9+^OE<K7>G:C<2$-,'3/5Y"!_WR !^9-4HQO_3?
M^7X$\S_JR_X/XE"&.")_):!I9TDVD=N#3][I]XU:VK-:%;Z8A<K;H1G"#MGM
M2>F[NP6B]U6)?L$$14N3(['!+GKW/'X4V]+(-]V7U544!5"@= !2 1BHY8@9
M]: L5;:*X64M<2*Q(^1$7"H/KW__ %T;#N[%S /T]*!#-Z[B@(!&#P1ZD?TI
M#L-?S4A(@4.PQMWMC/UI:L&UN))(Z0,YCRP X7GFG&[=@T)%3#LV<[@.,4T[
MH17E\V.X(AP3(.C9P*36J9:M;4Q8<_\ ":/D=CV_V:I[:D/<Z%\.VS/;)&.M
M2]K=Q[$M,0E %4*1')$-RMNSGL<G/%3HF4^YSU^%:^GP_5NM79"U*W1F#<Y]
M*%H,C.4/4\G()-%@U)XGVNIZG..O7-+;830\PAY-P0*,],YIIZV8[ 5C&< C
MY<X)I-"L,,<?+9 SCBGY#M<8L($JX4D'MB@5AP4LQ.P@ D8H\ADZ0+$-S ,3
MR/>DM4*W<03)DLRJ >< =Z?0=D$C@%PHSG'&:0NA"(@TH,O!)S[TW:P=2P$A
M.-D>".I)]NM*X6#<ODA7;&QL CFA6&/0@LP#9!X IK<"-PH),.>G4=,BDMA%
M;RKASN9B%Z@^].R'=BAA@$ON..>.13T%;N0Y( "J&+-DYZ4EIJ.Y9NX@T D1
M?DXSCM0A.Q!$#Y8^0$ \9[4 2X+EF.  <?6C2]AF;J8Q<VYP,D?UH$S415 9
MW;GDX'%$MQHC=HW1Y%R 5XSZTKAU""1D &W/RXY]:=NP:$YE*JS1J<@')QP,
M4EY@11K,P4L<YSP.U%HH&RK*F&38#N&1G-.Z$QMTQ*KE0"3Z8YH6VX:! H57
M#=6&/QH8(LVKA9-CH2KX .>0*74-"Y93PVX8@]!@ CK]?:D.Q(MQ)*"YC4+Q
ME5[#O1>RW L1W<%O&["(;MQPOI]:.H67<<;IL1J'7"XX*_=XZ4*^NH:=B>6Y
ME2"3S<'?\HV] ,=?UH0KD5Q$HL4,,>T<'=G(-.^FH6,6:Z#IMZ$'D>M _0:<
M,H/4D^M&E]P$61HR64<8Y';%/K>X%6(F*Z91]T_Y%#$M#3CE(&&R5],5+&.D
MPT>X' )Y]*8V5WPLAYYSCFFFQ#E17BSU(.!Z?2E8'<'!!9,8!Z=\?6FO,%L5
MMQ>1NY[^M*UD 9'*@XR>M->8 ""P&>@& 1180U0<GMW)HL ,F]AY8X'6D#'Q
MIM'W <<?C3#0>"2A &,<<T;H+"V;O#*2#QW]Z+=;C79ERY#').3SG.<YI*RU
MN&A7&-I+#& ?QHV8M"BP83-M'&ZJM=ZA<D0@L,#'.:5^[#9C^XVG(S^5# @<
M%9",>E OF*A_=>G'''O3&(T>Z1<CD \^M(&:>DDV\4DQ;&00I/7% #]P9RSY
MD(Y8?6BXVQ@N9H808!L&,9 Y/O2Y;A=$;M))(#,[$J,@BA*[L+4ADNP\)C+$
M #&.Q--W'N1IG8H4C .>:+"U&7&?+;ID$<8XHU N0PK/$ G[D;0KR>OL*7JM
M!_X=RLP(=H8U 4@KEN^*8K&O8 VVU=VXH 2!]<_UI1LWH/6VHL*F>TND 8@Y
M.&[>M4MQ.YQUWQ>N#C\.G2DQ%NZP+:48S@#^8HEN!UVB2+'H<#!LY7K[TE89
M%>>9+;-,PZ=Q5QZZA>Q7O5 M[:2-2-YP<GVJ$_=W#2XB."0.1[ ]*$,9?R+]
MCCCZ,7'3L*.@M%J92G:SAE[TQW'%5P<$GG- F/\ ,*KO  8'-*U] V&!LM\V
M0>GTHZ!<D!&T8.>.033!C&F^;A1[47=@%BE(Y., YZ=*-@L)$S"X. #N'?G
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MCX)W']:0!N(S_$>XH6X;D+8>Y0D9/7&>E/T LF+#*6&0>P[>E #Y077)VC'
M7/6@+,8$/"L<+Z#I1U#4C*DL1G%.VH,12RN/3'()[4K!<?O#8[8R!GTI6 &S
MD<;<#%,!O"@9S2 V_"Y+7=P< #8!0]PZ'34""@ H * "@ H * "@ H * $H
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M8!;VVP=RCI^=3U![&N611+-A@!G@]*;6M@7F4H<>4I8\EBQSWH6@]R56 W9
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M47_-_P"DCOY#O[2\0< 6A_[\-_C1[&7\WY!?R$&H^(&'%MD'_IB:?L)?S?\
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M=/2AI M3IHIS+:.S@1QE3A,<@'UIJZ8ANF1(8Y61]_&U2>PQ4K<;5EJ<+J0
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M5,D 0 8X)4Y-'*ENR>:/83^V-4Y!%N..H0YS^='*NK#FCT0Y=5U(J"9(^?\
MIG2]F^[_  'SKM^8W^UM2YQ)'G' ,=/D_O/\ YUV_,0:MJO(WP<<YV?_ %Z3
MBG]K\A<R[?F']M:F&(8PJ!DY$9;C ]#0J=_M/\/\A.2Z(!K=_EAYD#$= (__
M +*ER/\ F?X?Y!S>7YD=IYG]L12RJ-TDV2=N.OMDU6EK7$G<ZL?* "?_ *]
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M"G=L.3GJ*+IH6PQ]Z8XP=N,XZT F*C2$ LN[ SSW&*-NH7 G+J2-IP<#THW
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M5MX4QMB08Z84<4[NUKDV5[DN >U P)"C)/ I &/6F M $$B@LLID95CR2 <
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M#TB;<<\#%'F,4J&D96QN H3 UO#";;J8CILZ_C2>X=#IJ!!0 4 % !0 4 %
M!0 4 % "'I0!&1S0 R(\4 3CI0 M !0 4 % $4@WC9L##(SD<4FKJPQ<[< Y
M))P#^%"5EJP#Y@W."/2C6XB"5ED;RL<AAQGGZX]*B3B[Q*M97)'*F'J%^7(R
M.GX4^ED*PEN58,RDCGG/3/K^-*+?5C9(B>6FU?7//N<FM"1L:L#ER">F1QGI
MUH"XR.X0I&2^?,0NI/\ =&.?U%)O4:5Q<^9)C+ ;>1VS4]0V(+>+;?3%AG#!
M@W'/'0_G4V]]Z_UJ7)^ZB_6IF% # F&))SDY'M0.X^@0E #5.X'([D&EH $
MD8ZJ:5@'50$2ONCWJ"<KD*:E;NPVK.Q%AD:7*^9\H;'J1_\ JH2O*SV96CL6
M5&![]ZKH0.H 2@!H!#$YX/0>E*VH"MG!V\'MFF!7L7+VRAWW2#.XE0#G)Z@=
M*0>A:I@1M)&C*&8!FX4$\GZ4!8Y:^W+J4Q1B,N<FFRKM%=G"/(ZM\O49Z$4)
M/J YV6:4,"-P.[IQ1K8&F1RI\V5 P3D 4UJ%K#68A %) (.?2D&I+A44%&^8
M'MVI,+6>H^)\X50,D=33OH%N@O!,C'Y<-TQ0^Z )=R,?+( ;!^AI;ZAL-<1L
M/+48QR#[T>H6'(S(FWC&<X]:;[( ,2X5E.,=3UQ1:^@6%4,Y\S&_KU-%D#?<
MC5DB#8 +DC QD4)7>@6&RN'!9'P#PH/&.*20:@)96C8J>,9R#]*:5PN1AUP<
M9R3UHZB)<Q,RJP] 6[9HOY 0E K*0P!Y&/0BGUV <MS(60.X 7&*EI(>Y/\
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M.,C!%)=P(&4@G)/>F(8#A^<G%/J!*^U54GN,=: $9SMPG'&"?6D._841!>G
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M3SBEJWN/I<EA'VB7>W"H./K3%U(Y0HG&<@ G..?QHOUN K H@<D,!P,"A7Z
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MU^4\'V]Z&()6.YE1@5^[TSBDNXQP4RR",D@D#-%U;8.A/)D1J00XCX)%-;[
M0P'-Q\WS ]B.*7R%8BB4R73%CA0".G YXIV\A^0\NK!2_/(ZG]*5O("?(\E0
MP&6X(Q0A$%R6@=)8F*G.%(IM)K5 5X9" 3YA!QT]:3MV&(9&"X!R2.]/T"XU
MY"5!(!QFBUQ#CDJ.H9U'2BVH$ELA\C<S8P<CWQ2TZ!9]":29Y4(5%(.2/5?K
M3U#3L9SH!*NW:&!P"..:-!&U;W4/V5&^T MSO!_D*E/4JSW$%W#%"$)!8C P
M,8%,+:#UO/MD_F2XBAC! P.U/6U@MV*L0,]_E1A$/&!2V!]D)<W)$I1,&->
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MH"XPXZMRQH%<0/@ #\S2&(>5  YQ@TP)(U8<KV]* %RK( 1@C/ [T 1?ZN7
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M[UFT^@U86)A)&<;2G08]/3%5%Z76P/0<FP_,H'4C(%"L*UAD0Q+,25)+#IU
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M.W-%U;0+%Q(B3A%SDX)/:DWYA=(&=8MR,@+= !R*/F%D1I"2&8CYAV'%-OH
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M!""?.42N221V%)VM8=F6;'!59&4[5*JD>.9#[T.^PM&GV-.(K:6WEL?WTYP
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M\13T"Q58^9&S;@0 6..]&@V0M%A"2#MQG'K3L(BMF\LE6'4\4; BT,\A>I[
MT?,/0&SEACCZTMA@S#:.WUH$-#EF / ]J+  VD+CJ.O%.P$BKA-V2!GIGK2
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M'/- 6 J2O'?C [BFP Q@ E<$4A6)&13'$=C %<G/J#UH]1Z=">Z!DT\DE=V
M<#MB@#-N$,GD(%RN_GGK0+J2:C$L&H+$ SM(06"MGY?[M#UV#U'RR>7,EI;P
MB/+= >23V^G%#\P5EL7KI#$K6MQ)YC%=\H#>@X6I5DU8K5[BV3)I]DZ01DWD
MJ\8'*BF]=!)):W,M$1+DNY #<D$]:;TU"S-:%668KM"Y4=?\/RHZV!;#P#&6
M522 1U^E'F%SF]9Q]LP.V?PH>XF:<1$\;"4X)@"J>PXQ3UL#16TV$_9MP&0
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MP!QQ0@'+D9VX! HTL&@Z,&,AB,CJ!ZT:(?J$KQN0ZX08Z9ZXH%8A:4M\JJQ
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M5@:/AP8U,]_W9_#FI?0?0ZJ@04 % !0 4 % !0 4 % !0 AZ&@!IZT 11=J
M)Z %H * "@!G!.,\CG%(!],!#Q0 M " @\B@".X,@MY#%@R!#MSTSCBD!"KI
M-:+]G.Y<8!0],''?Z4TTV/EMH3J"5!8<]<''%+= 5E@;Y-I*K@9SG(QZ>E2X
MIN_J5S;DD4*X4LF"I..>OO5-=&)L#&^,;Q$<\;#D8Y]14QBHH3OT((#.MW<
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ML%S5\.,3JAR2/D. !UI-; MCJZ!!0 4 % !0 4 % !0 4 % "'H: $/6@"K
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M%&['9)%>V:1&\MR <\#UYZ4VN5V8?(T&DDFB(C  X&>XH78&Q=ID@$#X)0
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MC$(>C ]!044(YTG.4R5  (SQF@6PQUVH, ^N#3&+ABHR#@\G%'H*X%2P5\X
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M@NS&I&2X(R1CO2MV';N7K:\7[+*GF."W*C&!FBUMT'H(3YC@, !T.>_%*UF
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MI61G8-QC)!/:G;0+L79NVY.![T7L@(V7;P&!'4&A!J1E<@#(_&@-09>IQ0@
MD# # X':E8-AH(WY)Z^E/U 1OE7KUYS18 7!4Y-# 3&< $'/K0(4X!'>@+=Q
M^25'0GITZ4 :OAT :K_P TGT'T.KH$% !0 4 % !0 4 % !0 4 (>E "'K0!
MY!CC-,">W2*XN+:#'E[G"N_7J>N*0CT_3<KI\",<E%"$XQG'%-Z#+=(!* *Z
MK*LS=#$>1CJ#W_H?SI.^Z'=$^2.H^F* &@D$YSCCM3 <0"0>XI-"%YS3 ,4
M1HOS%RH#'C..2*;$A)Y!%&6)Y'.!U-2VEN4D16TIEMQ-O5R2<'&!U.!CGZ5,
M6FK@U9V 1@*D,@D/&2X)QD?C2:77J-M[HE411NL8503EP._7D_K^M59(0D/^
MON/]\?\ H(I+XWZ+]2I;(FJR!: $/3B@ ^E" 0'G'>@!&*@ MC&10"'#@4 +
M0 A (Y% #$S@_,#R>:2&Q>=O(!;\J5A$4;&4;RI3C R,,.>>/P%/7J/3H*SJ
M)/+Y9R"RKCTQW^M #?-**"Y*DH6VXSC &<FC9:@6!TH3NKB(T>,R21JP++@L
MH/3/3Z4MM '*2>2,>QI@.'3TI@<SK'EO?2JY.\ !1U!%/8JQFQH$W,=H Z "
M@%H.#*P!0$*<#GO0&O01F*.X!Q@8I!<>,K"%8$HQR#[T= ]1 H0\]3[>G6G?
ML D6-PVCG/3% K$SVYW-L.0"6XZT7 1X67)'0_Q$>M# "WDRJ-C.RJ1A^12<
M;K0=[[BI_I.22J9/3IS3O;<1$Y>(%"B]<ANXH>H$D\ZJA.[D'&>A-*V@]=RE
MA0Q9]V6Y]P*;[)"WU)8X%,*8< /\PS1H%F2PV@D9?GPO/:C97L-IDYB<;L$8
M'&1]*-& Q!*N=AW9&"H'7ZT:+4&^A2FC:*0(W##M1Z"W&CU/3MS3VV06'* 3
MV%(+#TPSHBM\K'&1UI.V]@UV+FZ.2,009\D,6W-W]#0KVNT#5B18W=!\H'R_
MD:=@".$(@)0E23D@=2*-^@$ZQDD[PN ,CUI:)@2%3N9?N=#GIWZ46'Z L8W9
MR0H/.!G J1!-%;^8AC&2HZG(!.:=U<+#;G<J+*Y SZ=<4#17$JF0E5!!X'/;
M'6GYB:*QCC9L$#<>I/%.X6&>6%<$Y! ['-&@QP)  4YSQ]:!+05G(C<@9.>!
MGH*5D#)0S&+ 7/\ 2A:#$971"S?7!H:0>8R.)E61V7+'DD4[6T%N)M,8(R><
M8/J*0Q8GVD$X(P<;N.U)Z 0SL'PY!&!TS3V :5VH#CG!)'I0T(;&K<XXZT60
M%X.DD"C(R!SVH7F D<I24%L$$X7GH.U*R8]B8S!F ;!!!!SVQ1L&A H 5@%Y
M[$&GI?<!V2T3*/N@=:/F(K2QNNW"]1CD<"AAH:4JEDBE7:RQH,[>U):H?4H7
M-R#(5C)*J2N2/7KBG8-C.*EIN,]>AIBU+B'+DOD #M0]!DF/FW XSZ>E'E8"
M>-?F!P<@9-3N*PUI&!8$KVYQ18=B"YE+MU 'K1H'R(ED(.,$Y.*+6"XX8'(Q
MD'D8R*>@AW(&.F3U H8?(:^0Q  P.":$ P*"-I!S_2GHP' ^7Q@$'N3TI>@P
MZAN,#TIB'A0 ?E^@I;=0&W8*:4[G WD8QZ#K_.AZL1/I,;)IZ; <R=6/\J+C
M1/=V$Z&.YV *P^?'/XBJO=;BO9V,]U=MC+\V!DTM'U&2"Y*JI8DKG&.F*2T'
M<D#I(A&=OF<[1WH734/0E@"0C?.S$#DC'48QQ2\T%^[*DDTD]Y(8X?+C'&6]
M*I7ZL3:-C3+=1"9)5+)D<YQ2O9AJ33/"MJ#"P 4D<YY'K5=06BU.1UA1]IC(
M !84GN)FKIL>+: 'C.,#UY-5T&GV,ZQ?]W/%LZN6X^AJ5<.ALZ>B#0@=V6V_
M=]..M*+O<+"?\L"SG#@\8/.#32UT#6ZL4HN2K$G&3@&DP%.%.?7^*FPZCFP2
M O/')]*D?4<TX$F$ R 02#3L&B8C# RP/ QD=*=^PAA!$94+@$DT707&1,6V
M#'(Z#/>AH!X!9RQQNP*+W ;M!.,'CGD=31Z@(@ CR1C:<?6BX>@F"D>[L>,4
M:@A$;!/8X.<4G<+B.Y;/.,T#%B0,^,X(&>>U/R$.D";\*3@<]*'<-AH^8J"Q
MYZ9I; AY^4=>0<&F *2A(Z<Y)H#4<OF-R#T_6DEU&V(A=B S$;3G/>C85V/=
M]S8)(;U)XHL,B&&D^^3CJ/:G9=A:BNJA21V_6FF"&JI4$C')Q]*2$(68(4[=
M^*+#N-((.2.HZ4"&MU&1CVZ4@%W;E.0,4 [# WR@@8Y_.G8-AV=H!(P,=J!V
M  ;N>M# >.1C&#TI"-7PZ&_M3/0>6:3T:&=73$% !0 4 % !0 4 % !0 4 (
M>E "'K0!Y #V[4P)[4&*[MI&P 74CGT-(#U@#!XH =0 AS@XZT 1 G>4 ( P
M=QZ')/'^?6D/0E/UIB(ED)FDCVL-H!R1@'.>A_#]:6MP%PNXN!SC&<=J+)ZC
MUV'<YZC&>F*8A&#%EP^ #R,=>* %4Y&2",]O2BU@$*;@WS'##'';Z4FKCN"1
M[!U./RH2LK!IT0V2-MA$;A"2#G%*2N@3[D;+)O&TG*X&<\$?_7Y'KTI23=K%
M*W49$TBW=Q\AV$@_B%'\_P"E3=J6W3_,;LXI#P;A2<*K]"%/!&>O/>J=^A/N
M]2*:=UGCB1]TC. R(/N# ))/88]?6D[MZ"Z;%ZM!"T % $;JS#"L4]P*:&FD
M.5@PX]2*0A"#G(- #ATYH 8-JM@#DC.*G2XRO)YAG\N.0KR')ZX&.GYBIDKK
M31C6A8##RMV0..IXJEJ*PH /SK@G& ::V 8[ ,F23@]!]#UH>UP2)> *8B"W
M+/%YDD?ER-PP]QQ^(I*_4/0B"^3,T\[XR=H SMP6P/QZ5+M?^OZ_I#U+9W \
M<C^56(Y?5K:0ZC*WFI'&2#R>>E.ZZE6ET12%VBV[0,H8;L[N]"=@?F.1[<0J
MWS*V<8Z_C0WY D*D#R'>"3$3A3Z4M =PE29;@Q)PL8R3Z&BW<+Z6L/1!Y1)
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M_C26B$S2T"3_ (EX00KE&P#QDYI.Z8[(NWP1!C)Y&  <52[@CGYH"DS-&&(
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ML9@G*H3@=*I(0\L @SZ8X-+4!$PA"C/OQUH0"XZ$GK_*BP6L,)*R;5& 1R*
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ML3COCDF@=^@J[=JGGK0 J8#'GCZ4 :/A\?\ $W4CNAS4OH!UM,04 % !0 4
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MK8XR<\_J*CO;N5N'V8"X#I\FUBW'\6<YS^9_.F]9:BZ$;VFVYADCW$#Y&4'
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M46[@2)V/\7I1J"#HI]<YI!8T?#X']K(<=%;^5#8'6T""@ H * "@ H * "@
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M8WRL, X[4O,+$A\Q^,Y4G) '>JMKJ&PJ(20,8./TI(/D13RF A(R,]R#THW
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MLB 0[' ;!8'D$4*PK=RY8:>MVX$VT,%) )P/:G=)ZA:YT%O;26]E&'FC0YW
M  ?D:AZC2?8EGO(F1[:!0S-&0-Q]N?TH3[CLT5;&>$$YAC)5593Z&FGH)Q2L
M6I+L3HHX)SU YQ0@ZE*;Y0RLY7!ZCG(HTV!7N-MUVW 5E:0/RK]2/3BC9: W
MJ0SL%)=&! .& ['Z4[H;N9]R^_!CS@\$]*- &#T4 9')%%U?46Q) @!Y&0>O
MK2O8/(D!5%PHZ]\YHN[@-+E588^F30_4-" R/\NWMZBF%R;?\N44$GCFB]NH
M$.QV!(.T@<4*P7'KAMRG&YN<T:?(-"1U&Q!Z@Y&>E*]P(F(W1JV 0.N,4PL(
MJ<]03@]*$T%F2)E6;*CH*3?F"L*R$J#CGOFB_F  A>#G'% [="UI\P0RK*O)
MZ8&,T=0W%D=O,(5G]P>,8HT$6H+M9]\4BA,H2KKZTEH-I,K3)B(QLV2<-SP:
M>E]&#N5@#@C)( Z#M3W :<*"&SC&1FC8/F)]WLVW'4T!L-+9YY ':D&H]N0"
M#P /YT[ 10P1M=23/C#?,,CIQ36B%9LV(;..2U\^%6C&&!STX[BI?H"T93N(
M NUE.[(&0>QIH96&6X(YSG(Z4A#E;<00N,4T&PP,1D$#_&E:S <,+U&#VH0#
M<*B@DY]13V > =A"C@9ZT?,+C9-PVAN<@?2C8+C-H^4;?\:/F(1,J6 '+<"C
MY@!4C /YF@!8D#.%/3WH^8R=S\A523@ ]>*.NH,@')&,]<8HZA<L1H%B;^O-
M%P(3]P\':1GGH319A=$(VJPQG /6@7J3V3/'>1RJ2"" #2:T*1IW6Q=IP=RN
M!@=S3=]1%'Q'_P A*,\(6C7( HZ)$EBPNKUV6VABB10.&/7'U_"DDT]2KI;(
ML6B 7P::0C?NSCL>U-IAJ<]X@D$FJW#JP8;]N10[7T%J/!86F3C*J#ZT= -_
MP0H&G3MW,G]*C[06-6[0)<B3(;/53Z8JGL&^AG *\LAR.!D GKVII7L@,J&8
MM=,O*QY.!QD4=1D<URY=D)^0''3K2ZW'?H1"-E^5CG(SQVI^@@7<6X(&.YH7
MJ J8+!FYP.@HL!)"R!2>.A('IS1?S'H)*ZQH, @G!Q0WT$5#*\D@#<CF@+W+
MJ$&/$:\J/FS1Y,5D">6&)(.T#@'U%)W&53=&68J<':>A/2A#N/\ ,"NY *@C
M&.U/40), ,X]/:EJ&A,BKA@K#D9!STH868K,L<8(()/ZD#BBP69&A9V7(SSG
MCM3LP)$5V.!G '(I:!J(7=CDC''!-.P/41N%C8<>F.WO0 @B!(#,.,]*-@U'
M% %1B!@GIZT!8%' 8Y^F*- %==IP3DX/!XQ0M@$  PH4<<<_A1L U8SM).,]
MA^-&P Y) 7'0<\\4D 1' 5CCCCK3N! [F20X !!Z&@0H7D$]NM Q0>1Q@ \&
MD")#)DC=P!Z4V /G"A!QCF@1H>'U5=5CP>=K=#[4KC.NH$% !0 E "T % !0
M 4 % !0 AZ4 -/6@#R&F Y'\M\@*2/6D%SU#1F>32+9Y6RS(#]/:BU@+] !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0!S?B"V'VD3*F7< 9ZYIIK8#)$=Q;A65RH.5(Q@T-(:;N1DGS@&
M<E2<-@]:6CUL/78N?ZKR4@4L\AQ@CMUHTN&VHZ=S.7F0_*"%(]QUIK7<'H[#
M-I2-20 3G%+<-=P\X!&##*==VWD'M^%)W?4!+B9/WB[<SENI';%.S6G0'^)-
M:2Q1V9D) E'R;,<_6DWK813G8M(79& \GCZTUH&X&0A5P<* "<T^E[C1F*%,
MSCDY^Z?:@DLQJIB(P<D]>U%[ 31Q>5&S(F#GJ?K1?6R&M!MP/,).WDG)XZYH
M0.Q!'%*BD@-P>,BGL*Y+"Q1@2I+#G&.,TN@>I+=.ALT^S!GG?B0$<#Z4:O8>
MVXRWAEB"M.I'&<_A5?,2U%+;;=B <]L=:G<=[=2W$K1Q&:>5V!4+@CIQ3T2T
M"[>XV*6 R,R%B(P0&!XW8X_#BIO?8'IU+UA+:2R"*9MKGE2._K0Y6&EV+;1"
M$D(6.X?+BAL3TW*LJAYBH$@)0;B.1N[T[W"_F,O+LQ1!550P _> YR*6O<>A
MF+F<DYVYYSG&:8K]AK$.Y5.%)X!/6B_4!8PJ@EE/L?>B_0!ZRB-"!T/:D!$K
M_>SSGWI[!<?DNP.<'-&S#<81P0>YZFA 311JR$ '()_.E?N QMRDJ 1@]:?3
M<$Q I"Y(''3%+KN!*_SQ+L7&U1DGUH'Z$   YX)[FG<0Y$R<=%'?IC\:0)#@
MXQW.3^5 _,51DD'/U'?Z4-Z@*(WV#Y"5Y(-%Q7&>:5R2I+ \$]J N6(V5W$I
M!51UYZT:]1EF.**08 0,3[]*&*Q+!"@D*R.0,'!')/M1T&5'/E2,%)QC!/8T
MMP(1P^&],8(SQ5+8+#6X*XQUZ>E(-MR,E>AX_E0 ]CA5X.<=*&@)($"L@8<(
M<].H-+T%8OW&H"VM$@!)=P  #Q@=:+#1'&ZR[T)W*.IQC%*]F%NA6N('@?YE
MX/(..M4)$.,%1GD#&1VII@#(&8\$#H#[TO0!#TW;3D'H*.H" !@<8/%,+BJ2
MHVGA3STHOYA<:\9)R.E :C@" 00<]J ]!HRSYP0/ZT"N*R-\I(P/UH"XJ8)/
M+;@.,>E&P[B[?ESZC\: V$12NS)(YH MRQ;0$!*GDL,?RH0_0JR_+$5SSG/3
MFGY"*X4[ASR/YT@+%L#Y\>?NA@/J,TFM 1JG;,\+8(1G4ACTZD&C6S!HQS+)
MJ&M3/(=R*Q4'IP*:74'J=!9Q-!IYGVI\Y+&GZ"WT,U&E:9WAV[B#UZ FD]1F
M)>:9<I)O^^6Y)%/E[$ZDIQY6P\!ACK2'T.C\%KC2Y#GK)4]0Z&M>$['/E\K]
MUO7BJ6B QI/,C=1MR&!([4= 5C(@QY@/4C.:-;C(=I+-CZ^N*8:DV&!#9'IC
MUI!<:T;8&20",C%&@:B*I'*G('I0%[#"'3@?EFC828Q@=QW')[CO1H&Y+;*K
M2J".IQS1L!8;,$A"G Q@_2C0:*\N8P58G'Y46"[&PP("S(PR3UHNA),;<+O@
MP/O9&*+7&!4H /U[T"Z:CXTWD G@=:-AV%D*Y6-6R1G/'2E;4!L,LB1<-TYZ
M=*=@N2B8X*J,@]/I2L U9=LF-H(]Z;#1"^8 X)48'5:+!IL/0EG(49!Y)/I0
M LK?* ,<=/2EL (01C@8QS1TU :'9B[XSSDCVHZ!?N(6+;1SG.:+!<D9<9.
M<C..]-O4!I96<J%*Y'/:C;<-.A#G8@ H @##+#G=0(F16QGDX/- $4DH$F.,
MCM2 <A+E2QXIC+ 7<.<\<#% 7+_A_*:DI(P &R?PI/H".L!)4D CGO0(=G H
M :[%4) W'L/6@!] $4+F1"61D()&#23N-JQ+3$% !0 4 % "'I0 AZT >/\
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M.?04):"8DAA:5$D9B0,;L=,TAV\R0,D,KL75F?  [=JIN^H)"27#CYROF G
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M!6M8U)E-O:"'=F1SD#/0&A::AKL5866$LI/S8..^3BEU"PTAI$+GC ''O0K
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M?>@5R!6+2 8/>@&^Y+'$#RP _&BX$A!",R#@CM0&Q6MK7Y_,?&3^E%A%D6_
M(P0.F*!D[KY,*DX SSDTACO#\ADU95C?!*-M)Z XH8'8$"1=NXG'!.<?RJ6K
MJP;#MVUPA.6.2/I3 ;&R&1F4ON;C:V0/E.. ?K^-'40] QC'F ;B.<4*X_0>
M!@8IB%H * "@ H * $/2@!#UH \@)/*XP/2F!+9@_;(2"!B1>I]Z /6Z0"T
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M#D0Y/W1QD4*P#HCT)Y/3!HMY 22LI!!8'UQTH^0="O*PY*<9 X-"U>@6&!<
MY&01QGBFF@$)//RG:!^5)[@"$\ +D$TWH(9*2FQB!P_04 -BEN$6?Y5V-\J@
M=0,TDO,+KL6HF5U$JC!7'!'0_P"%*[3W&BR]L7:,?*0RY(QR.:+W$-EBD4;H
MPQ7..G2G?4+V&PVB>5+-*X4$#Y0>3FB^HR.%"D:K*"8V)VOW'UI[+0+] DMI
M(P.X)ZXZT+85R)B?F'3\*+!IN!R0I!''8]Z $)RIP<$4M0'':0/GP2,8'K3
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MD\@?>QU(XJD2-8@@Y)"C@]0<T7&A8@!&-I8@_P![.?UI@[]22@04 % !0 4
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M]2#2] $(*C!X(I@-)W"@!$) P*!%A1A,'G(ZT#&Q+LR<$ACVH <8S%S@$@Y
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M % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4
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MT )#]V@"6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MX.#GN*!ZCG)* * ?:IL@Z#1Q%R<8;H#WIV\@U '(QGD]30 QER"W/')YIJR
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M 4 % !0 UONF@!F12 9;GBF!/0 M !0 4 % !0 4 % !0 4 % !0 4 % !0
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M%AX)"CYL8%)H!!@L2P!Q@8SQTH3'84@9R!P>*=T%@#%5!'*YQ^%+R$/,8?)
M.!R!0M0&N@P3TR,#%/Y@5Q"0<8]\YHOUN!T4IMX;16G<DMU (/;D5";Z#L9,
MD<>3) 3@G!1NN/6K6KL*WF,D9XXPZ#@#D#O3^87L*@!PHE:,E>XZFD&JZD;B
MYCE AV2C'.>#1\QW+MJK2Y#%HI%ZCJ*3TW%?L/%NUQ<>6RDE :>PF]"Q:V\*
M+;.DY)5QD8ZU-QZF-X@9Y-618W)S(3QVQ5M:H6MK$?AV',DCL,A2/SI6&C>O
MDMK>,@0("2>2O)YY%/F:!(K;+1\,8ER5Y&.E*[;W$T,2TC90A1 <^G(IW=QV
M19*[=T:JIVKP2.@]*5V!5823'*C'/(%'J&Q:L[!Y6)XXY/;%#"Y(\<=JIR5W
MJ<$MW%&B5P2NS+N=5,ER\=M"A8X(?/"^M+6WD/3MJ5?,,BI)+()9 3\@X48/
MZT)=A.[T9/%G/S.#D YQG\*I=D&X-Y>[:!N!P<XI== L0JN6/S[5)Q@4U8+=
M!8E*9R_0]1VI/38-4.; 5L<\8SBE<!\3(),2*Q]QQ_GK30,280(R*H;DYZTF
M[A;J21LET1$5PRC"DGK1JMPL+]R((% /7/I5/<-AKY*J03SP:7J.XWR\D8Z#
MM0(L);.X'.U3S1I;4-2"7,( ^\I/IR:/0=^X\1I$ID.5< [#GD<>E)NV@DGN
MB@;MHT\BTB9I21\V*+-NW0+J)*8C" SHR.3DAOZU3!:ZDBR%4*JWOTI6ZC%!
MW*HQ@CK[T"&A0R$ $8/6EU /**XRO4Y!%,!_6,H4"^_K0!(C 9)Z 8..M )%
M"0KEU1VQCY6'6CU#5$,4(3+>89#TR:-!:]2>!?G)/- R4##<X !Z4@L(^=V[
M;C/I3%H,_A/J>E(!<;E53S@<4]1CH1AP2, ]J730 >+D8P3[TQ$94AL8'X4
M(T95>1T%&H#8@=W3BCT#<L3L!$HVXY_.D/0B1CD C@4!H7]&"_VS"&Z<\>^*
M3!'2L9(YE"*S@X#-ZXI6:V'I8>C,[,I() X;&#3W&/:7,)=&4$?WNWJ*$KDV
MLQDEW$K!0X!/K^=*4E%V*4&]1MA<1SQML 5@?F4'I1=7L@G%HN51 4 % !0
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MHL;;&W*S%N??M0K= =^I(R(PRX4@<\CI38>@J(J$[549]!BE9"'TP"@ H *
M"@!K_=- $= 'DA!!I@36&!J%OD\>8O\ .D!ZW0 4 % !0 4 % !0 4 % !0
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MGRJ<[ >2:6@^A:B:26<@$+CC-#L"\C2"S)A6;('84K) $Y+.L?.U><CJ*%W
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MI >KT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M#%H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M$GG%%KMB,&[B+W\P!S@YH>XCK=&M%&E)$(VW..3V&>O^?>B]G<&A9PT86/)
M) PHZBE;309!*_V:?J4?L?:GR@BM-=O<Q[<$K&I/(P.M'J 1Q_\ $OB 93F1
MLJ/7C!_I2[AL02[HV*%0HZ$GO3]05GL/M(VDESM&T <4O(1?$.]PJ*QST I;
M/49%+OCF(* 8XXJM0T'$2;3E,>IR*3"XCWD=I"XD4N !Q0MM!JW4Y^XO!<S/
M*8@N>BD\8HNR7;H-#"9A&47;Z+3NPT+MK"+?GGD]SVH!&A"D<:K-<_=SE4]?
MK4MMCW(9I'N)2^,#' ':F&VQ %=N1U]Z=N@79:MFVRC &T#)S28[CBP+$AN.
M< "F*UBXC#R^@/&,@=*2 I'RXXFD5P,$@CU/M30#;5RT;SM\A89(-%M=0"(@
M2%AG=C@GZ4G=A8I_,9'" C/4@=:=K^@MM2ZA6TA^4@R'@ &EN-::ED7;NREL
M #Y<>U+<-.B'+)&[.%#$9)'IG'K1K<#/N+XVPVP $@$G(IM7#1%!M0O+UPNX
M*@.3M&*20W+LA5NUA(5L$@<#TI^A.@XZF)W"+#@YZK1J-VL7$:*7<"3GC%/J
M'H4R<-Y9QD'J*!:$84/*0#C!Y]Z!DKH=A7) _.BVHBO':E9PX;!'0 8HL!:R
MZ=2318+]P!R,=#0,:4QSCKZ4" %=W3\* )&8* 3@ 4ACH\CYAP/2F UV)5B/
MO Y ]:5EU H0;=Y)9B[=<TT(D109,D#(/!H TE.(P6(&!^5(8_2W/]LP",;L
MG)R<9XH=[#1V.[^]E-H!)SQ],TO47H(Y?> H(3NU#T!$,DY6U:0H"%/<'GW_
M #I)NP]$Q;:Y2X(!PC@\+NZ^]*,K@U8L*<DD'CM5DCZ "@ H 2@!: &2?<-
M$% '.C2]"[PC_OL_XT^?R#E9+:Z9IL%Y#+:1E6W@<.?7ZT-WZ!9KJ=-2 6@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M@",:78LO-LHS[FJYOZL*PV+1[6&99$,@*G(&[BE==AFC2 * "@ H * "@ H
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MHZFB^HR)86"*1W/Y4VN@/1C&++GGG.*+(2(Y'VHO.3UI>@Q8-IB9I& /7&*
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MS@YX']:'JUY!T)$B*1+&C$*I[@=/2G;2PB5%V@@L6R2>>V>U4(?0 4 % !0
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M"EU ;;R1"%6"E"QPP/)!]#25EL#U+ W9.<8[8JQ!CYB<>U #ATYH 6@ H *
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MG5""H'H.>E/4/05B!G&?QH 4KF89W;2 <>E&VH;BJ@)P&()&,T@%=(P -WS
M]C1Y!8;/ZEL X[4 /7YX\$D8P3@T[=@%8 SD+D# (S2N"T$4('8,6// ^M"]
M '%5"@$=*+@-7).5YYST]*.H X;S">F> !WHM=AL1,C),!U!-&@%@L ",G^M
M T1DJ,YY!Z'TI.XAR*688&,"AL>PA4$ ,<G'<>U5L(C (*XR>:0Q'7!+?,.U
M#"_F*,@DKGGUH:[B%))P<G@4; (20O/4T: /&,L<X YQV- (BSV''O0 B,!E
ML\@<8ZT- /B.,$\\<'%*U]@L+D9R?6F@L+@ C< ?2B_8+ <9);N>OX4 'RJ%
M.T<C)H ?Q@KCL<D4 ,?.X%>0>?I2L&PQLCKR<9'')I@1C/'&!3Z[@2 #!SD<
M<4F@+T,GR1.I)"-@CGBET"X21M]J4YR#@\]*:8O4BNP0R>7G!&"?44VAW2*I
MM/WIW$_3%.UA69-*A%JAXP&(.>OM2N,9Y@982[%=F1@^E&P;EB0[94D&1A/E
M^M); 9L5J'NC)*3SD_6GL*Q8E3?M4G\NP% %_2H3F215<%B%4@<9I-!=(HZW
MJ3!FC0MN?(8D\B@93TWBTF;GJ :: MV%I,UZK##1@%021Q@=,TG9!KV+%R]M
MYQ5)%7IN)!I78[#EO(\$1.!MQPQP3ZFFM M?8>9Y!;X* H?O<^]-2U$UY"VA
M\VY4*0@ P<"DP2[$6L3JLD4,A&%YQGO1?45E8JV^Z3/E?,&[4]!WU+ @>!UB
M/.1SCGZTKIK0/4M0>7O2-"&)&2"*&PMT93-U#$-HBW2$8&3T]Z33;#0QY5N)
MI)' P$Y(!Z4Q7+%@TN\*ZN JD#-%K;CN.N7+3A0Q'!R!0%QI3;#M',A%,70D
MBL(0I#[F)]Z-$%F3"%!"%B7: <?6CK8$1+:"/+ C<#VXHT0:HM"Z:"/>TC!0
M><\YI-#W*,7VB^NBVT[<YP?2FD)LTXVC@ 64'!]!2=QJQ$MX[22"%2D;'!)'
M4^U#WN.]MAP23 )<'/'2CJ+5D#1;)=O'/:F!+Y8!R  >]*X#2HV],$<=*86&
M-E#C'0\4@L1MD]NOY4[")XG 0;B.M)C) _ &!DC-(8XD;@N.>],5B)]J\DXP
M>: *\DB.Q$9)%-"'B,1A1C+=_:@"92!P11J,!C[Q'(Z4@(V?D'&,=A0%QFTL
M2QYYHZ"'/&HB'US3 I_9@Q8MDMZ=J-@$@LERQ<_*3@ 4!9EIEA@<(2,GH!VH
MOV'8M1;(D)3!)]>](+%K3'!U. 9P">GK28T=5')OW#:5VG'(Z_2CK8D;-$&V
MX5<[LGC\#0QHE)"J23@ <DTQ")]T$$$=B/2@!] !0 4 % "4 +0!'+_JS0!3
M;J: %M[J)E #<^E*Z GANH99&C1P67J*+H=BQ3$% !0 4 % !0 4 % !0 4
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M[LT_#TTSZ_;#S&(+<@DGM2LA7/2:8"T % !0 4 % !0 4 % !0 4 % !0 4
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M%A0 F"HSZ?A1<+$3# )[@\YYHN%A+$%YYB 3@J!]*+"W))0<CY.G^-,8@ 8
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M:GE1=WW*US?7XE+++(J,W ]?>CE[BYWT*=Q<7%P_[Z1FQZGI1RI Y-JQ&$(
MPI]Z9(SC.,#ZT#)(8C)*BJ."1FG8"]JR$")5)*AB![]*; U6E2VLX(F'("[A
MTP*G89G_ &]//+-A1D'(ZXI=+ /N[FU>W41N3(7))[ ?XT[@U;J5;2UDN'#
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M;M)W<X&*/0!AN%P%1,GOBEJ%D(P+ !CM7I@?XTP$!$:80 9]* L2 $ 'L*+
M,S\W'3I0!,CE1C Y')H&&.0-P-(0R?8(RS#!4=: (X-NP$=.Y]:8#V8,3@<>
MU %O1S_Q-K<\GYNGI2>P([4D'@YZCUH C>3$J[<D@@,.>_>I:U'T'A"S[I I
M"G*8'(XIZ]1#\C.,C/I3 8LBF4Q8(91G&.,?6@"6@ H * $H 6@"*?\ U9H
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MU2Q&,&BZ0K7(WM8_^6BY)YP.E&@>A8C.V0!/D4=LXJ6]-2EY$DKJN0>"#W-
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M%DAB''0C(/.318+$. "#Z4"U)X4VH3V'.*!CPP"L,G!'//2DP!&&20.#@9-
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M6DK@*P/ (''K1H(L;@O/0]<^M T-&6!QC!]Z- &ACDX'0]Z+6#01PS  ]2<
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H Y7Q0L;7\1(^=4!Y[\FF.QF%%CCR@VK@;N<YHW0;(BD!>- 3T7.,=O
M6BX,(88Q& ZY#=C]*+V0K%3SS'*2R%5!P.]&HRRCAXR5.<'%"0$C?-C/\/7W
MHV#4175@590?3)Z47L P@+&P0Y&.#VI!Y#(,J, 8)&>/6F"-*6#.BAPH=@<L
M V"!GJ*F]] *$DP1U)!#,>AJM@&:E(T4:*!CGGGVH::W!BVTH\I6=@ 3R*:=
M@U)XV"D@ G)!ZT@UL1._E*"3C/2BP7L-R"=VT*3T&:->H@=<+QR/>F NX[<
M <8P!2 ?N(SC( Q^- UH.:5@IVD >E 78&>3N2,#C-*P7%#^9C<< <C%5<+D
MD%RD+,73?O "D]C4V?0-'N/OYD^<JXW;<J5Z47;0WH5+:0L'9KO"J!@,>I//
M2C1,+RZ%N1")W=I4VF/OUSZ"FFA.[(DNF(5(Y-R[?G/7 HM<=[! 7%R S_Q$
M!0/RH6@FVS0FR+7*%LGU]:'J%RA,\C;8Y2N57JHXZT)6!NX@^4!@Q!(P<4^@
M*ZV$+$V^T9VD$BD(JHP$05LY/:BP%H3G_GF  -N0.HHUN/1;#0P##&>1VH"X
M9Y)^;(HU"X@PUY&NXH&D"DD=J+]P5RU/&XN-K$GOD]J';H QXM]W;R,&8)C*
MY[46#J3220/:^<@97#<'."/7!HW5FB5=.Z9)::Y>P)&3(LT;<!)>&'XU');9
MV+YK[HV[?7+63 GW6[GL_3\Z/>7Q(.6_PLT04E3@JZD?4&G%W5TR6NC,ZYT6
M"0E[<FWD_P!D?+^7^%5ON+5;&9+]NTTXGMH9H@<A\<4G'2Z92:>C13O+Z)L>
M7:F)R/FP<@X]J5K[E.R,^.X&7W?*1DC'8TVM"4*A$F%,HR3GKU_PH25PU!58
M$]""W3VHT#U)H56,Y:-O;'TIMB20IGCE4E8P>-H!I(=D30PD^7(Y& >N<4.R
M5@L1R3(KN%9 AS@$<9H5NX6[(HO*7RH/0\$_TIA<=Y;&5&4#:V,Y-+YB+*A8
MW.[;M XQTS2OYE6'!C(0SLO)"@9_*A- [LGDNI%MMBW&"C$;".13ZZ!KN5I+
MQR5628R+T'%&VPKOJ*S#:QB.X =,TTV#T0Y$'F@>62H7GGOBC41(\<F[8B,%
M+!L[>E%NX[I!<VTA4;E8!NI-%Q,SS9SPRF9BR# P>1FBR!-]"U;.T[N\S@R$
M #)YHL.[>II)"4!?;D^M)A?4K63&:>6;<^#P!VQ34=0OYE!PS7+R+S\Y(&*$
MFU<6Q=MKKRP"^1MXQZ4FBDQ);V%) 84!;'5N>_:BSV%9(SWF/V@.P!WMGTIL
M.I:2.62V,2-M3)( [T65Q/1$=S,(%$:MU4!@>U#'T*Q8O&L6<@-G/M1H(1 7
M>,@C:I)-%@%\Y=Y*M\I' Z8H!,<T@,2["6QDX(Y!HL&A,)F\O;(#G;DCWH6@
M:$)D+.NXD #'% "23':.&8@9&!FBP$EL[LY5\^6&S@]J3T'>Y=N8H9,A&! /
MRX]*:>@6L1K;$38"[DXP!0Q>I'JT3.XV*%0X.T=OI1N+R!)A#$K+'R,#Z"AE
M:"%R0=P.3UQ1U"XPMN.,,0!DT!<1I3''A@1D^E A5.^0C'&,T 2(QZ#BEL,A
MDW;<G@BF(K&8J@+-TI#NRL\Q/ .!TXH$-B21R @8\\TTA7+L-@ 2TG)[#M3M
M8+%WR-J*64+CH!28TB=8P(BRKA2<4@,^[G::584^ZAY]Z$#[!MW$ 8IA8DX'
M'7Z4@%C4CZCGI0%AJ2;22#SGC':GH \.S=1DT6[ (5RQ)R,>E %25]LP16.2
M?3I0!8!( 6BPP.2V,<46$,(P,'GF@!0R@4 /4@GI0 YN3@\#TI#)]*&-6MS_
M +72FQ'<BD '' /'-%[ .H 8J%6)#$@G)!- #(H%A>0H<*YSM[ TNH$], H
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M 2,'-";ZH$K$%A),LFYP"_(!/>G8"S?7D\6U;<*3P6)YYI6;'>R&.[3(CR$
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M\I^K*<K^-.RW!/HR"2SVKO"$1K_&!D<=Z+I[%6MH,9!"F[C:>3VR*6@;$9F
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M=1]: %H @N?N&@9FM]XT :D1&T4")#G;\N,]J 0M "T % !0 4 % !0 4 %
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M2:5HV,3 X!!&?6A+H%F1-<&6>2/:% R.E.W<-&596*-@@8/4_6D(?G8T; @
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M9*P,AVDE<?*>F1TIW#J, ((!'3M1?S 9<0&6 R ]P"I[\\FC383'1KY9.U%
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M<- S-;[QI ><9YJA&UX1_P"0[&<$X4GCM0!Z-2 6@ H * "@ H * "@ H *
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M XSQ@T:]@$QE<=P>10 *1L..Q[4 0S1^;&%4A6R,4V(D(PGS#GZ]:.HQK$
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M#D]Q3 8=F"F&7TQ0 P9'"OSZ$8H <&&02A(]1S0 I,?3)7V(H]0%*G'3/N*
M (<#M0 Z0;<'!_&@!JL3RV?I20%C3CC5(#C^+O0P.]% #A0 [M0  8&* ($(
M:[=MPX&!C]:E/4?0L50@H * &/P5^M #CTH K77W30,S6^\:0'G)&#5".A\$
M_P#(=Q_TS;^E 'H-( H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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ME?<PX()Y]:=U<+,EDD$)PP)93@@4-7"Q7,O9N"#VII:B&."KC/&5(SFEL Z
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M?9X1$6R[]0.PJF2+#$(K1$R-Q^8TWV"W4LIE(P>-S' ..W<U(RN%/F-SFG8
M4EE(QGT- BU<'R;<6QR&+;G_ "XHZW#H5!EMO'M0 ]4W$C /?B@!+E@\FU22
MJ\+GTI(7J3/--<6C(S$,N-N.*++8=^Q46R&7>65\J-P)/?-/1#U+PC\^+*3(
MH0 DOGK2V"S>QF()9+M1*IP6QP>M.VHKW+DQA811'S6=5X*_7O2OT'\QD+SR
M)(-X'&[D<CVHLMA7'6P9R=^.*=@N6C%E 6.,YI("NL):8)P">]#T"Y&5"/MY
MX[TP(Y !/'CKS0#'<YXP1WH ;R>#ZT!8>"=Q],<4@$YP!BG8!%X8Y/094@4
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M/0$8J7&?1K[O^"":ZIFC;F<Q W*(DG<(Q8?R%-)I:NX7OTL3TP"@ H * "@
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MH%B@HY!QCW!]J!#QN89/Y]Z+ /+'9CICTI6&7$93IJG.&$AZ_04,!IB;=PO
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MF$GDT,-Q N V!1J@)8\0VLA7J_RC(_/^GYTKCO8K =R!U_*FV(4N4<[>.>M
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M3=2AFBN'<YQ@\4FXO9#2DMV=;2&% !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 <SK%@=3UR2!6VNEJ&3T)W=_S-->8G<3PYJCPR?V7>Y5U
M.(RW!_W3_2H:Y78K<TM=_P"8=_U_1_UJA&K0 4 % !0 4 % !0 4 <OXH)^W
M0#U3^IHZ#Z'-OB&4D@?,.,^M%^PB-XS$&R"01TI@);3!-JD<@Y!]#Z&D!IQR
M&:!BO!"\@>M(KH4GRC#9W')QU]J9(I8<,%)P,]>@H0$H*$8^;!&30,;(,$@
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M903D^GZT")R #CIVH3&*HVJP(YQQ1<0WIG.0,T#L-(ZDT(0'';O0 <XR>*-
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MLA4#I@]*;W%L,-L6MU"M@HW&:- 'I&VS#D$@]J8!Y?!P".?6A!H-VC.#Q0V
M;<-@G 'K2"PW<JO@D[0"<^],!7 89& .QH$(@'F1@]0<@T#T(%253C,?4\DT
M@)@1&,LR$XIZ= '*@)WAEY_2@ >,L-H('/) H$#MY49V[=QZ$=Z0QB2-(07
M# \\&BP7N.N4,D9P5S]#3 K/YT>T(P?(QTZ4O00K@PQ@A1O;KBF,G&?+1]H!
M/4>] 6%'4' P?2@ ==N,_I0 W&#S0 XL,%1T[BD!$3G!Y !ZBF(L!0^!D 47
M'8KW-RT?[E  WK2 J#?LW;R".V: N:.D2R-=QHPW$<X/>D]!K5ZG37DUR+!U
M6 .I&.#TJ8\S&^5":6MPT 3>A51@@BB/-Z#;C;0=<Z<YCXC3(YR@IN]]11E8
MK?9)X'WV\A5L9VYIQDFB^9_(T],NKN:0I<*, =<8JFK$RY>AJ"D0+0 4 1R]
M5^M  >E %:Y^Z:!F:WWC2 VXS\HIB)* "@ H * "@ H * "@ H * "@ H *
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M+_JR0#_C0 8 (R2.1WI>@#"",G' XXXS3 1\^8#C&!@\\T"$+!F;=QFF XX
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MIZ#M8SWD)#(G#'!)II(-@MT"2%6+$D$9/.*/0!Y9G+9!&!C@4]A7&*"6+LQ
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MNF@#.;[QI ;47W13$24 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % '+^+#MN+8D@ J0/SH P\X7'
M?-,97O)"K@$G ()YZT@]2]:SB>(D=CVH7H/0)6(R".,]Z!,J/&D;&0 8;.>:
M;#8FA>Y@LB,IMS\I)Y'M]*FP7\BXDF] [)AV/3KBGKL@ZD(G ^4E<D=NQH&R
MM(HDF)WM_2FEIL+4E2(JBG=G)/'6A@DQV-CY'/K[4 -+'S%)S\WZT,!R.260
M@\=:-F&Y4$=R)GVGY,]?046%<D&^)<R$#&/:AJVXP2/9D)DC)Z_RH$6-I .
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M 2YC*V^6R"2!Z9H >S':.1Z46&#J=R'J U ACL/,/(!]*!!TPN<4#%'(P6%
M@"G;R1^% PVGDY ]O6@+,:@._P"; ^E" >.2 <=: &,HW,K>N<T"% &SDY%
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M5HY">%#=3WHMW%Y$B+G;D  $9)[T,![0+;$@'=(<9]O_ *]*]PM;<@GE*QD
M;F/ %,!BQ_N\GYI3RQS3T%8M1 C<K<@CI_\ 6H&-GA*290;<#+#L12T#8<C%
MD 88/^-+8"%QU*X!/M5 )YQCD4A"?H:->@7L0%S+.G[DKZY&:>HKHL)  ^YP
M0H.#CO2UZ B42*B\#+YQDCI]*74?F027(:0B1R2!C ':A)+8=QD<9F?<22O]
MWT-.UD)CY$6-MO'/% :D@8JF"<C/&12L @8YYH"P$;<\\?6C0!@!P<'C;T':
MC3J'4<'*X X!HL R5\G<V1R *8AL%PJO@+D'(S[4FAJPQ0SSY )7![]*I*PA
M\L3O$P8X!QTZBD T+L  /3J3UH G4!5)(&2>/6BZ"P[S%68(JY[9(HW&1SN$
M=TV %NZC/X"DKBT$BA9YXVE?"XP$]2*H-62.B0%AM#9%'H&A7B!MIP@&4?D#
MTXSBE<$[$UVJL!(1R!Q0@90AF9Y0H/W>!0#'N _S*,9X_6@!0"N4/RJ #GO3
M$/5CN(1B,\9QFD UE,:,!V&!D4WH,+9BK-&1P>5]* 1.)#&,D\$XH&B5F'
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MQSTH4;; W?<[H=.:8A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M"!GO0(A.3@ CF@!8U*8W$$BF!9@4.22,CN.PH"PQT2UA)![\>XI7 JR['(+
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M_.@9A#;GKR>*+L!!C@]<=J U#(!'8YZ4 .(#.&. 1R":-6%B/RR"Y0\,<G-
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MHJY%<.ZXVKG'-"V%<G:,7%NK@;<CH>AIH+=BJJE$RH&WK@4:")9/*$B2DXV
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M.YY&3(SMHV%N0K$\4C%2-K=J=@'&*1R#D*>N1S18">WB+2(J@D B@"VS>7(
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M"IQ@46"Y9EC+-@8&?3M38"RH",!2/?UI7&-5,?7&*! 5P3@9/2FAD8B.=Q)
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M#\L6X[TW<8()YH=F,!H4YV_,@&>1FCH"!M"N@S%)(@#GCGI2T"_D0_\ "-7
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M1(VT.WWCG^5"BV]0ND=/96RV=G%;H21&N,GN>Y_.J8BQ0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M&D,HM]XT "ZC$!RK?]\T[/L&A=TMUGG>5.% QTHL^H,UJ!!0 4 % !0 4 %
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MM(JWF#3>LG\BSX2LF>:6^FRQ0E$)[D]3^7'XU6R$=92&% !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4
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ML8K9.0BX)]3W/YT,$6: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MU6@8C'B@"M-T-("BWWC0!MP?=%,18% "T % !0 4 % !0 4 % !0 4 % !0
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M@T\MLF:2V?IMF0K_ /6I/FC\2!)/9FA#<0SKNAE20>J,#_*DI)Z(+-$U4(*
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M"!Z4"%H * "@!C]5H 1Z!E:;H:0%)OO&@#7@)V@]J!%I#Q3 ?0 4 % !0 4
M% !0!BZUJ5]IH$D<$+PE@ Q)R..]*TNC_#_@C3CU18TN[N[[3OM+K"K.#Y8&
M<#DCFBS[_A_P0;71?C_P#,_MO4QJBV#6]NDA;;DEL?6CE:>K_#_@C3CV?W_\
M Z#][Y/\/F[??;G'\LTR3)LK_4[G49[=H[98[=@)'&?TYZ]:6BUN4[=%^/\
MP"W<ZQI]IGS;N/<."JG<?R%3S+IK_7?8.5]3*N?%L*'%K:R2>[G:/RI^\_+^
MOZZB]U=3*N/$FIS9 DCMQZ1J"?S.:.7NPYET1G32W%PV9I))3ZNQ-4HI;(7-
M<8%;;T(IZB&[3QA2>.N*+,!NQAU0\GL*+,+C3"_& WY4687 1RJ.ASZ8HLPN
MA#$X_A;WXHLPN$L\S1+$\C%%^ZI.0OT]*E)+8=[C69F"J22J]/;/-,"[I=K9
M3$27M^($!Y4 EB/RXI\RCNAJ+>UOO.LM-4T.QB\JVD55[D#D^Y)YJ95'V*5/
MS7WD_P#PDFE_\_'Z4N;R#D\T+_PD>E_\_/Z4N;R'R>:$_P"$CTP?\O'Z4<WD
M+D\T*?$6F X^T?I1S>0<GFB.77-%G3;-*C@\89"?Z549M;71+I)N^AF7'_"-
M.Q>&Z>VD_O0AA^F*<FI*TE<5I1V9#_:DMMG['KR3J.BW$39_/%)QB[V;7X_U
M]Q2YNJ3_  _R_,GM_%TH8+<V8;_:B;'Z'_&DU);:BO'T-6V\0Z?<\*TJO_=,
M3$_H#32D]DQ2M%7;-.*198PZA@#_ 'E*G\CS3 R]<EOK.T>ZMKA%1,91H\]2
M!U_&DXWZM?=_D-.W2_WD&E2ZKJ-D+G[=$FYB-OD@XP<>M+D_O/\ #_('+M%?
MB/N?[8M)H':ZBF@:9$<"(*0"0*?+V;_ .;I9?B;E,04 % !0 4 % !0 4 %
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M6+4X2\8*D=0>HIJ_43\C4%,0M !0 4 % !0 4 4]5M?M>FSP#[Q7*X]1R*:
MR?"%WYEG+:NWS1-N /\ =/\ ]?/YU.S&9WB>?R]:66#(>!4RV.-V21^E/H*]
MCJ3>1#33?=8_+\SKVQG%*X[%+0[0?V1NN4#O=$RR;@#G=R/TQ5;;"9<.G614
MK]C@P>PC I\\MKB:N49_#>GR<QJ\)_V&X_(T<U]T)KL53H=Y;9-NUG<J.B3P
M+D_B*+]I-?B%VKZ7_/\ R'QW$UH/]+T-0H_BMU5A^5#=7H[_ #L$O9O=??\
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H 2@"I-!YYE5@1\FU3GCD=<5.J8/8K?8/D:W
M^Z-H88'R[@?\_G1;348RPNV%P]I.A7/W01TK*$N1V935UH7YDD,<@1@#MPGL
M?6NE6V,FNI1M)&GMIGD/E3\QR%>SC@$?7-)+6S#FMJC*?^TDU)(XIC-<;-K9
MZ*.N#[=ZAI&G-9W9NN'72REVZF0)R1W.>/Z4N5<O*RH-N2:% S>),PRC0X4]
ML]2/\^E9:>YV'T:7<GM(O)M4C(Q@=#6E-:/U(F[MLGK0D:3@@8//% #J "@
MH AG@CN(FBE7*G]/<4":N9>ER-I[G3KJ085ML#8QN&,XI/3T*W)UMY[6_3[*
M MJ[%Y5X^\?Y=C^=$K[B3Z&G3 Y?Q':R)>P3^87221<(<_*0/Y4K+>P7Z'3C
MI3 * (U.PA#Q_=Y)S^/K2V DI@% !0 GTH :I;D,.1W]: '4 )0 4 )B@ H
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MQH X0=:H1Z=X?4)H\ [XYI :0H 6@ H * "@ H * "@ H * "@ H * "@ H
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MD<4 13"4HQ4#[O [FA#T*UI"+27&XJLG(4CD?4U+T:#<NA@21R"/457F(6@
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M "@ H * "@ H * "@ H * .;\9V^^R@G'\#[2/8C_P"M0(Q?"G&NQ#U#?R-
MSI8/])\57$N 5M85C!_VFY_Q% &S0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M:2;?@J<CI33UL3=["^8P7)Q]30Y.UT),!(2R\  ]?:A2?4I.Y-6@R$3QM<-
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@"*15:2(LV&5B5&>O!']: ): "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* %H * "@ H
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MGJN<?C0 ^@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H 86VE1@G<<?3C/]* 'T % !0 4 % !0
M 4 % !0 4 % !0 4 % !0!2O;T6J[(T,T[ E8EZG'7Z5-[NR';JRG?6S"'SR
M MQ.8HW91]W)VDC\\4W:PEH:44*PQ*D? 4 #))S@8_D*$]!W[D],04 % "4
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MX<4 7(W##*D$4 24Q"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 <IJED9/&%L!@B;;(01QA>H_)?UI@=72 * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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MTG/Z8_&E*W4"_5 % !0 4 ,9<G(X8=#0 B,2,-@,.M $E !0 4 % !0 4 %
M$#$L5,;C&2">M->8WHM2>D(8Z[E(!P>QH <.G/6@!: $H * (;B(2QX_B!R#
M33L&I,!2 * $Q0 4 % !B@"M<+AE.>M R-ATH K3=#2 S7^^: .835;P=;AO
MIFCE07._TA<V,<A)+,.<FF(T10 M !0 4 % !0 4 % !0 4 % !0 4 % !0
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M11U.3RK>*Z$9?R9%;;CD@_+P/7YJF2T&6X)DN($FCR4< C(Q5"): "@ H *
M&MGC'K2L B.C[MC!MIP<'.#Z4P'T % !0 4 -=U12SD*!W)H!")(C@E&! ]*
M+6&TUN0S)B6([PH#=/4__JS5+9BOIH6:D!* "@"(^:)EV[3'@[L]1Z4@)J8!
M0!%(P7!9MJ]">PIC)!P,4A!0 4 )B@!: "@""Y_@^M R%^,4 59ONFD!FO\
M?- '%JNX@9Y-4(]/T? TR$=P.:0%Z@!: "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0ZA*7>.$!2!A2,]>*7*EL.]T;],04 % !0 4 % !0 4 % !0 4 % !0 4 %
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M5+@X;?UZ%)IG2VDEI>2F]MI1(2@C)!Z $GD=CS34D] ::+M,04 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E
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M:)B<XQSV-4"T8T7$>$YP#P.118?*]0\]<MTPO7YAFD'*Q3*-R ,F&]6P?P%
M<NY'<S+$8][J@,@49/7-/1"L^A9R*0AHD0YPRG'7!Z4DTQV:%#!@"I!!IBV%
MR* %H * *]W%YL&T;<Y!!;H.>M" 5F%NJ*L9V%L?+@!??Z4M0)Z8!0 4 )0
MM %:Y'SK0,ADZB@"K+T-(#,?[YH XO:0:JPCU'1R#ID.#VI 7A0 M !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 4;N^%K?6<# ;;AF4L>Q
M X_,FI=QBWVG6U_$4N(PQQ@,.H^AJT[:$VZG-:1;S:9XJ^QB3*-D-_M+MW _
M7I^M)I7N.^ECLJ "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M<^M T5R:0%>;[IH RY#\Y^M '30'Y1FF(G% "T % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4
M )0 4K %#2>C 6F 4 % !0 4 -VC=G SC&: '4 % "4 +0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 4[W.8_QI
M,:(: *\WW30!EO\ ?;ZT =)#]T4Q%D4 +0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0!4O>#'^-("N:!E>;[IH RW^^WUH Z
M2'H*8BPM #J %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@"AJ+!&C).,YH&B"-Q)R,X%("*<C:<4 93_?;ZT ='#]T4Q%A: )
M!0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0
M!5O+072J-VTKD@T 4XX)(482@ @XX/6BPRO/PIH S'^^?K2 Z*$_+3$6%- $
M@- #J %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M7_/!_P Q1[W8- 'B2+'_ ![O^8H]_L&@?\)+%_SP?\Q1>?;^ON"R#_A)8?\
MGW?\Q1[_ &_K[@T%_P"$E@_Y]Y/S%%Y=E]__   L@_X26W_YX2?I1>?9??\
M\ +(7_A)+?\ YXR_I1>?9??_ , +(/\ A)+?_GA+^E%Y]E]__ "R#_A)+?M!
M+^E*\^R^_P#X 60G_"2V_P#SPE_2G>?9??\ \ +(4>);?O!+^8HO/LOO_P"
M%A/^$D@_YX2?I1>?9??_ , +(/\ A)+?_GA+^E%Y]E]__ "R#_A)+?\ YX2_
MI1>?9??_ , +(7_A);?_ )X2?F*+S[+[_P#@!83_ (26W_YX2_I1>?;\?^
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MP67<4:]I_P#SV(_X"?\ "CF?8+"_V]IW_/?_ ,=;_"B[[!87^W=._P"?@?\
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M0<C_ *:%_M?3_P#GZ7\C2YE_28<C_IH/[7T__GZ7\C3YE_28^1_TT']KZ?\
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M84P"D(*!AVH * "@0E PH$% Q* $H * "@04#$H *!"4QA0 4 % @H * "@
MH 6@ H& H$%  * "@ H * $IH I )3 6@!* %H *0!3 *0!0 M !0 4 % !2
M *8!0 M !0 4 % "4@%H * $I@+2 *8!0 4 % "B@ H * #M0 4 ':@!: "@
M H 2@ H * "@!1TH 2@!: %%, - !2 *8 * %I  I@% !2 * %H&%, H$ I
M% !0,6@ S2 ,GGF@$+D^M PR>.30 I9LCYC^=(7,^X!WP/F/YT-(2E+N*'?^
M\?SI60^>7<42/C&]OSJN2/8?/+N()9<?ZQ_^^C2Y(]A<\NXHFER/WK_]]&ER
M1[!SR[C_ +1/@_OI/^^C1[.'8?,^X"XF_P">TG_?1J>2/8.9]Q1=7'_/>7_O
MLT_9P[#NQ5N[D#BXE'_ S3C"-M@8HO+K_GYF_P"^S5<D>PA?MEU_S\S?]]FE
MRKL "\NO^?F;_OLT<JOL HO+K_GYF_[[-) *+RZS_P ?,W_?9H!;DPNKG/\
MQ\2]?[YH*L(+NYV_\?$O_?9H$MA4NKC!_?R]?[YH!$HN;CC]_)_WV:1KRJVP
M@N;CC]_)_P!]FF'*NQ(+B?\ Y[2?]]&H*Y5V%%Q/C_72?]]&E=ARKL.$\V/]
M:_\ WT:AR=]P<5V'^=+S^]?_ +Z-',^Y+BNPWSI<?ZU_^^C5W9%D&]RP)9CS
MZT[LDIW,CF<Y=C^-6@(=[?WC^=,0H=O[Q_.@!VYO[Q_.@!X)]33$+D^M  :8
(##UI ,H _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>conformednewexitdatea_image2.jpg
<TEXT>
begin 644 conformednewexitdatea_image2.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M P$  A$#$0 _ .R% !0 4 % "T % !0 4 % !0 4 % !0 4 )0 4 % !0 M
M!0 4 % !0 4 )0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 &* "@ H * "@ H * "@ H * "@ H * "@ Q0 8H * #% !0
M 4 % !0 8H * #% !B@ Q0 8H * "@ H * "@ H * #% !0 4 % !0 4 % !
M0 4 % !0 4 &* #% !0 4 % !0 4 &* #% !0 4 % !0 4 % !B@ H * "@
MH * "@ H ,4 &* #% !B@ H * "@ H * "@ H ,4 &* #% !0 4 &* #% !B
M@ Q0 4 % !0 4 % !0 4 % !0 8H * "@ H ,4 (.E "T +0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 -'2@!: %H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * &KTI#%IB%H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * (D)W<#BD,DIB%H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * (X^E Q]
M A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"./I
M0!)0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 &: #- !F@ S1<
M H 6@ H * "@ H * "@ H * "@ H * "@ H * $H ,T % "T % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 E !F@ H * #- !0 4 &: "@!: "@ H
M* "@ H * "@ H * "@!,T % "T % "4 % !0 9H ,T % "T % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E !0 9Q0 9H 6@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H 9'TH ?0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % #6944LQ"J!DDG&*0'*ZEXK;S3'IR#:.LCCK]!2M)];%:(R&UK57<N;R49
M_NX _+%+D3_X=ASM#X_$&J0G'VMF&<G<H/\ 2GRI;?G_ )AS=;&OI7BOS9%A
MU!%C+8 E7@9]_2D^9>8:/8ZA2",@Y!Z51(M, H * "@ H * "@ H * "@ H
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MII@U8LTQ"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M(6"C).!ZT7MN!AZAXDMX95@M +B0L%)'W1SZ]ZF[;T*M;<W!5$F)XEOKJR2!
MK:;RRV[/ .>E)JXT[&/INN:A/J-O#)<Y1I K#8O(STZ4*(7\CLQ3$+0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 R+[E #Z "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M P?%ERT6GI"IQYI.?H.W\J+7&M#C;>)I[J.%/O.P51]3BF(ZV#PG $'G7,A8
M=0@ 'Z@TVXDV=R#4?"NVV9[.5Y)%YV/CGZ$4:/06J.5"D?>XS_*D6=OX4O6N
M-.,#Y+0' )_NGI_6IM89N9IB#- !FE< S3 !0 4 &: #- !F@ S0 4 +0 4
M% !0!F^(/^0'<_[H_F* //1PV.:8'I&E?\@FT_ZY+_*D!;S0 9H 6@!* #-
M!F@ S0 9%)M+< S3 * "@ S0 9% !D4K@&:8!0 M !0!SGC(9LH,_P!\_P J
M8'(P1;IT3=C+ 9H$=:_A*%E^6Y8-[K570M2K-X3G2-C%-&Y'1<$9HT[B][JO
MQ.>EB,,K1LI5E.,&IV*.F\(7;;I+1B2N-R>WK4]1DWB__CWM_JW]*8&!H/\
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M =3BDY);A84$'I1>X!3 * #- !N ZG%)R2W8!D4P#- !0 M !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 ,087@Y]Z 'T % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0!S_ (N@:2RBE7D1L01CU_\ U4 <
M;'*\,JRQG#JVY3[CI1OH&QU-EXN0J%O8"K=WC.0?PJ?>7F5:+\C:M=7T^[QY
M-U&2?X6.T_D:7.EOH'*^A ?#VFM+)(T;$NQ;&\@#/ICM6G,GT(L6K'3;73S(
M;6/9YF-V23G'_P"N@$K$6LZFFEV?FL-TC':B>I_PJ'V12\SB;G5=0O9"9[EP
M/[L9V@4N2+WU'SM;:%7+;LJY+=<YYJK*UA<S[EJWU:_MF#QW<F1SM9MP/X&D
MH16BT'S/J=QHVH#4K 3;=C@[77/0TT)F7XLN;BW-J;>:2+(;=M;&>F*8)V,3
M3];N;>\66XGFE10?D9SAC@X_S[4K#O?1D%]JU[?RL99BJ=HU.%%+D774.9]"
MLEQ/ P>*5XR.ZL1G\J;2>HN9]SI?#>N2SS"RNV,C,/W<AZG'8_K2^$;=SJ!T
MJB1: "@ H * ,WQ#_P @.Y^@_F* //5;)(/% 'I&D\:1:8_YY+_*D!S7BFYF
MAU/$<TB#8.%8@4.*>Z*4FMF/\)7$\VI3"69W419P6)&<BA)+83DWN=;3$<GX
MLN)XM1C6&:1 80<*Y'<U+BGNAJ36Q'X4O+B?5F2::1QY+$!F)&<BFHI; Y-[
MG3W]Y%86<EQ-G:@Z#J3V%# X74-<O[]R&F:*+/$:' _$TN1?:U'S6VT*05Y6
M/)=NO)R<"FDEL)MO4GAOKRT.8;F5"/1CC\12Y(]$/F?4[+P]K!U.W=)E"SQ?
M>QT8'H136F@AGBF::'3D>&5HF\SDJ<=C0TGN"=CE[/6;F.[A>>ZF:)'!8;R<
M@=J7*EL%V.U'7+W4)"!*;>'M&K8_,]Z.1/XM0O;8H">6%MT;NI[L#BAQB]&@
MYGW-[P_KTZ726MY(TD4C;5=N2I/3GN*+6"]SL15"%H * .<\9<V,(_VS_*@#
MDK?Y;J+'&6'\Z /3P<"@ .* //\ 7W235IVCP03P11>X6+7A(DZL,=D.30(U
M/%__ ![P?5OZ4#.>T-R=:M5XQYE CT(D 9/ '>@9Q^L>)YI)6BT]C'$,@R8Y
M;Z>E39O?8>QC/=WMP )+B9P.FYB:.2+Z!SRZ!'>7ENRB.[FC&<\.<?E1R1[!
MS,Z;0->EN;A;.\(9V'R2 8R?0T6L&YO79*VDS*2&",01VXJA' MJ^H)D?;)\
M?[_-2HK<KF?](T+OQ)<M9PV]HY#!%$DQZL<<XSTHM?R%=(R)9[MY%DDN)6<<
M!F<DCZ<T<L>P*;Z,MZ?KVH6EPK/,\\6<,CG.1['M3Y4M4%^C.SNK@2:)-<6[
MD!H&=&!P1\M"U%L>?W=S<S,#<322XX!=B<460[D=O)+"X>&1HV'\2'!_2FU<
M5['2^%;JYGU.19KB:1/))P[DC.1SS2Y4M@N=93 6@"AK9QHUT?\ 8-)@>;M]
M\?+BF!Z+X?XT.U_W/ZT :.: .0\92QM=01C&]5.2/>I3U"QCZ.I.L66T'_6J
M?U%6!V/B626+22\,KQMO W(Q![U#2>X'(6VJWJ7<3R7=PRJP+*9"0<'IUI\L
M>P[AJ&J75_<2,TTB1,>(P2 !VXI*"O=[AS6V+GA@W;ZM'%'-(L2@M(N<J1TZ
M?4T^5;AS-[G3ZQJT6E0 D;YGSY<><9]_I2?9 CC+O5]0O&+2W+JIZ)&=JC_&
MCV:>ZN',UL4@TBR;U9@PYW G.:;BFK-:!S2ON:5AXBU"R==TK7$6?F20Y./8
M]12Y+?#H%[[G;Z??P:A:K<0$[3P0>JGT--.X/0S_ !3-+#I:O#(\9\P E#@X
MP:&D]Q7L<I9ZQ=0WD4D]W</&K99?,)R!VQ2Y%T0[L=J.N7NH28\QHH>R1Y /
MU]:.5/XM0YK;%!)YK=BT,LD3GNK$&FXI[H%)]SHM!\22^>EKJ#;E;"K*>"#[
M_P"-2TUZ#W.OSBK).;\0>(S:3-:6)4S ?/(>0GL/4U.K'L<G-<7-TVZ>>24^
MK,30HJ.J!R8^*ZN;7'D7,D?'\+$"AQBW>P^9G4Z!XC-W*+2^PLS?<<# ?V/H
M:-4+1['12'$;'T!IL1YPVHWRN1]MN /^NII*$>P[LLW&NW<EC;VL4TB!!\[A
MOF<Y]>N*.5/1[!<HV\LZS@PR2K*QX*,<D_AUI\L7;0.9A/=74ORSW,LB@X&]
MR0*.5+5(39&CE7##(9>:=A&KH][>RZQ:I)=W#*T@RID)S4\D5JD5<V_%MQ-!
M%;^3*\>=V=C$9Z>GUIM)[A=HP-'O;I]7M4>ZF8-*N07)!YI*$5T#F9Z#TJA'
M):]XFD6=[73V "Y#S#DY]O\ &ILY=1['-M++<-NFD>1O[SMG/YTU&*V0-M[D
MUO?7ELR^1<21[>FUCC\NAJ>2+=[#YF=?X>U\:D/L]PH2Z49X^ZX]1[^U-::"
M]#7NKB.UMI+B4XCC7<:8CAM0UZ^OV94=H(LX\M.I'N:7)?<=[;&8Q+?>8L>G
M))JU%_97X Y-[L=%=W%O)NAN)(R!C*L14<L>VH^>5K'6>'=?>]D%G>_Z\@E'
M QOQU!'K1L+<Z,50A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H :B+&NU%"CT% #J "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H CFA2>)HI5#(PP0>]%[ <=J?A>X@?=9@SQ'M_&O\ C5V3V)O;<Q9+
M>6%RKQLC#L1@BDXM#33(L$<8J1W+VGZS?V! BE+1K_RS?E?_ *WX5/*NFA7-
M=:G<Z7J$6HV8FC&T]&0GE330FBGK>BMJKQN+GRS&N I7(YZ_TJE;J2[VT,_3
M_"QBO=U]Y4L"KPJD\M[^W6G=+6(M7HS:GM]-@AVW$5K'&>,.J@4G6>SD-0N<
M!J"P+?2BU(:$.=F#QBI3N.UM#I?!+$QW:D\ H0/S_P *8"^,Q\MK_P "[?2E
MU YBTMS=7<,"D9D<+^=4(]!M-)LK2 1QV\9]6902Q]33YVMA<BW9SWBO3X;<
MPS01+&&R"JC !]<4F[C,;1LC5K/!QF5>G?FD,]'% "T % !0 4 9OB#_ ) =
MS_NC^8H \['+CB@#TK2L?V3:8.1Y2_RH Y/Q>?\ B:]ON"A 2^"\_P!I3_\
M7+^HH [*@#C/&;8U*+CI"/YF@"+P</\ B=,2?^6+8_,4 =1K.F_VI;+#YYB"
MMOR%R"1ZBFK=1:F'!X3D2^B,\L<EL#E@N5)'84W9;"U.A:&QM80&CMX8ATRJ
MJ*3J-/<?LU)['#Z[]B^WO]A=#$0#A.@/<"ES<VI3C8T/!G_(4FYZPGC_ ($*
M!&MXNS_9*>GF#^1H&<2JAF55').*9)Z#INBVME;(IAC>7'S.5!/Y^E/F:V)<
M4]S+\5:9;QV8NH8DC<-AMHQN!_\ KTFV]RDDCDXV*N&(QM.12&>I#I0 4 %
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MKH)7ZFZ.E(8M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M_='TH =0 E '/>,.+*#_ 'S_ "I@<?"ADF5#P"P'';FD(ZT^$82.+I@/=?\
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T %
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MH0$'AB]BL]45IG"1R(8\GH.<C/I0W8#MWNK=(/.:9!%C._<,?G4<\>X[-Z'
M:W?K?ZA)-%G81A>.PZ52V!E[P9G^U9/^N)S^8IB+'C)I!=P ?=$?'USS_(4
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M.@#-\9;O.@[#8?YT=0,CPW-';:W \K!$.X;CP.5-%[ DV=W%>VL\IBAN(Y'
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MCT[3;2$-!MBG8XV \8P>W:GSIZ HV.;C&^0!.23\H ZT#/3UR%&3D]S0 Z@
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M]EG(SS^[-6HLCFCW.R\-120Z-&LJ,C;B<,,&DU8I-/8UJ0S.URQ;4-.>%/\
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MRD74Y]3_ (4:1]1+4ZD<5)0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 (#0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 9'B.TGO;".*WC+N) Q&<<8-"6HF['.V_A_44NHF>V^574GYATS56$I
M'<5)0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 ,3[M #Z "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * $H * "@ H 6@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H 2@ H * %H * "@ H 2@ H * "@!: "@ H * "@ H * "@
M H 2@ Q0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % #4&!0 Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@!#0!S<GB^".1D-K(2#C[PJ?>*M$3_A,;?_GU
MD_[Z%+W^WX_\ +1[_P!?>21^+[$C]Y#,A]  ?ZTUS=0M'HR:/Q5ICXRTJ9./
MF3I[\4.33V"R[FM;W,-U$);>19$/=30FGL)JQ+5"%H * "@ H * "@ H * "
M@ H * "@ H * "@ H * $H QM2\10Z==M;O [LN.0?45-Y="DH]232=<CU2=
MXHX6C*KNR335^H-+H:M,D6@ H * $) &2< 4 <W)XPMHW91;NP!X(8<U%Y]B
MK1[EW2-?AU2X:%(FC8+N&XYS33?4&ET-<51(M !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 (.!0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % "&@#RZZ_X^I.3]XTP9;T_2+N_A:6UCW*#M)+ <_C3L(F
M/AW45?:;=CSU!&*.47,C.G@EMY"DL;HPZAEQBAIK<=R[HFJ2:;>JP8^2Y D3
MKD>OUJ&NI5^AZ&I!4$'(/(-,0N: "@ H * "@ H ,T &: "@ S0 9H ,T %
M!0 9H ,T % !0!PGBHXUR7Z+_(4("UX+_P"0A/CM%_44 =C0 M !0 E &7XB
MO!9Z3(0VUY/D7\>OZ9I,://BW.15"+&E7GV'48;@$X1OF [CN*0T>FJ05!!R
M#T- A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H 1>E "T % !0 4 % !0 4 % !0 4
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M,C!+V+RB?XU.5_'N*F[7F%D]CI%8,H*G(/0BK6I)'=7,-I TUQ((XUZDTF[
ME<YB[\8/YA%G;+M!X:4GG\!2U8]$5T\87H<%[>!ESR%!!_G3L^X:&]I&OVNI
MGRP##/C/EL>OT/>DGW!KJC6JA'!>*^-=D^B_R%) 7/!>?MTWO%_44P.QH 6@
M H 2@#B/%]\9M2%LI^2!<?\  CR?Z4EW&4="TT:I>21$858RW!QST%4B69[Q
MO$[(ZE64X(/8T@.\\*WWVO2%1CF2#Y#].WZ<?A213-JF(* "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M&=X@T0:8(Y8Y"\3G'/4&D[=!J_4I:-,;?5K61?[X'X'@_P Z0SO=4.-+N?\
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M-'>"F(6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M)#*00:8CT_3[M;VPAN4Z.N3['O0!9H * "@ H * "@!*  4 +0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M,9D]M);3M#,NUT.TCTJ2SJ?!E]\DMBYY'[Q/IT(_E^M+J,ZJF(6@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M!Y!%,0Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@!!0 M !0 4 % !0 4 % !0 4 % !0 4
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MGKTIW 7- "%U7[Q ^IH!*XN10 9'KTH -P]>M ";UR1D9'7FE?H !@>AH33
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M0 ;@2<'I0 ;AG&: $WJ.K ?C0 ;T/1A^= !O7U'YTK@&]<9R,4P ,"2 02*
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M7+#1;(?+10@P""%'/XU5AV(FMEP9 5WXXV_X5-TT!9#RD$L=JCDY.3^%&RL
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M9LU6"W7==L,$#G J=1I65V9]M%K$"_:1+N;^)#U'I344]@YWU18;5IY8?*F
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MX0^6ORD*IP21S1J@N.1 K<$-@9)_&A]@)A"6B,O.,],XQ_G%*PKCHI$?/$8
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M6N+4>IR$VCY>:A%#E ;AAQ@CGBJOJ!+&@V99AUY]O>CJ(C1SN8[@00>2*'H
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M6G9=P1$T:)(F5['))X-*]@%564#:0"3D#J,4.P#5D8AE? 0<9QSQ1<=A'D#
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MV D-MPA [?=J=0)'M1MQ&60GG=Z4V!%=WL6G0* 1)*W09ZTK]@2ZLRI)[TH
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M@=J:=@(DV*W/IW[U*?0=F$JE$RN%4\$J,XHTM<! C.%QT_K0E?0"YY!V[ @
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MB.Q+W+%4(* "@#'2,*OSH1Z&HL]RQ)>4PN>*>H$(# #CBD]@)V48')(_E1T
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M9#N!'!)ZG_.:+),5FD5?#8>6:YNI"?F;:H/YT6]X+LWLX!)P,4Q#9641/EL
M Y(IC*J1&= SL\4(Z+NP6'J:D+]B*=XF3R8E51W..M&VP]BC??ZD2B(%2,)W
M_']:: I!,Q,@7J@VL<?THY;Z@8^J+YFII;*<[ %./4]:2"5S?UM=L>GZ7&,G
M@L!0W?470Z&*!(K98%X55VT[:"V'( @95)..V:%89%;^:Y\V?Y2>%13T'O[T
M(&1(?,U(<?ZM3@CJ/K0]; 7J8A&8*I)Z#K0!BM-L=L$,Q))J;7=RRG-&)I),
M'##LW/Y53WL2O(T;!%CC3D(V.IP#FIU MP7,<BD%E!&1G--,&F<__:L8OF@E
M64.S;<J1@GWI.]]BE:QI2QSVK;5.06SGVJFD3>XDD^R%999".>"3R:D8+<R2
M(4"%LGIBA+L!9CADDV!ESCGDTW>PA^I2[4$?KUI@C+SM7*GD#CC/>BVFHQ-W
MR_-CUXI;@)D;5#$9^M*P(?N '/3J,]*:!C2RIS@<\=*-0L-7*M]_!(ZT6T#4
M&=1W! ]_:H5F.UQPYSP<]1CI5Z)"$=F"[L'&.XI(+#@SE20HX/7/6A*^P6'.
MQW[2N['/%#O<"Q%.%P, DG.*$^X(=,T\EQ\HW\$8'8>E-KL")(H98+@#>O(Z
MGM3>POD+/</'\HC3>?XAW^E&MPLA(6WAA'$% S]XY^8?_K%"?08V(,'W@C<1
MG [4@"160#+*, ]>I]15 19V'E,9ZXJ+#'AV\MLYP.0*;2L(EBG0%58[@X]*
M?9H&1RQ^:WEVW&?O!CBCR%<IW%O,EQ\ZG*C@@]:5K(=T5&)$V1SSG&>F*378
M+V)5=B&8J#GD^U#3U#0G*%(T#+M7[V>]..UT!+:W6R)R0H4CI2'8KLY#[3D!
MN1S5-6U%H/VEP06_6EU '.1CG@9IJU]@V&'YH\=><&E8!8#B-1E@<\_7_.:A
M::#V)"[8*MQC)X'6JLT O7J3_B*)"(P#O8YP ![9I/=#T09YSG'OZTQ$!E_>
M;!CYN3BB0T3*F,8(((Z46$70OEQ*""-W(/3%#74!TF0ARRAF&<@\'WIK4#/V
M3$. C",#=^%.P#VW)@2*=IYR12Z#Z" KPX. >#BE?\!#-QVG).*;T8=3=L<"
MRBP,#;2AL)[EBJ$% !0!C07OGVZG;R.,U)6@,Q(Z]?:D,0CCJ*$ A;"C-(!N
M"2"OW0:>Z L X)"J/PH780BQR,5*J?PHN,5I61W[\=,<46$*\@\E25(P>#[4
MWH,A64C<3R3TYI6 0,Y/0'&>#1U 3>X (YZ=_:F(="_*^8 0"> : )'DBG55
MW*K9/!&.]#T&B,LZ H,%5/(S22#<?(5=$:-<KG.*>XMAIE=P=Q'3I3O=6 C!
M*[F*#!'>E<!?,4*3N(QT([4#&%PV08QP<YSBC=AL1!MJ_+P322UU >G(.>,>
ME5H B.5D+=V&"1TJ9+6X%Z&9<A9!AP!\X.>U,3';BUON!R2=I!/6BW8.H*J@
M*RD9VY^E%K;#'!HU<+N+8&20.?6G?H*PU)XQ+(FYSGHV.!2M9V86#[;#)D'<
M,>O<T;#Y1GGQ+EL;MPQDCH13;!*Y5,GVARV6QQCBEJWL#TT'*0JMW;TQ2EY
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MU+2P"H0K-G)([4F.UA@=A(!@X;]*5A%DPE8PQ4#'/3K3Z 30I\TA<;5/?O\
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MC_(HL(N+F.,!Y&"YZ#C\J76R BGW*VX,RD]CZ>].2=M &([)N"H2IZ$T[6U
M$F(#$IMY ./>C;0:)G9BQ)?.,<8'YT=!6'J8Y$&<Y4G )[^M&SL(K;?,+@@
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M 9R?>E=-AJ3QX5E\G$6!W[DT+<+6U(6N8T/[H>8^<'![TAZ=1X@O+AO-\MD
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M%H#BF(* ,34RY8LIWC<<<]*'J-%1&#%LCE1G\*$-CF9DB=0H!'<G %+S0#Y
MVQ(@N6;YCCIZT*Z!,MV#8),A(8G !'&2*-A,DD0HCNC[CGCVXIZ 5Y6**%)_
M+UI>8R%^6"R#! ].:.EA"G8 >O7CCO2VN-FK/)Y-J <YV^O.:;),1\D@!@".
MN>M%AC&&TJ,@#UI.UM1C7P1@,>F>*KH&PYBS#Y-Q _BJ>H$@P1D8! Q^--:+
M4!R[6CP.6]3VH6HMAI)+*4XP00>XHLQ[$\\S1Q2, 6(4X4^N*8F9NAVUU<:K
M#=W4;I'M+)\W!HL'-?8ZMVVC@X]\=*!%)YHTDQM+%CDYZ9I:LI#KC]XQ*<X
M/6GN&Q6:(S-\A/ &=W>BPFQ5B!FVL< =?PI7 CB.R0!QD8HV&3.J).@_UH;L
M#S3OV$0-RWE%FR&PQ Y_"E>SNRO0?)$%4?.P! (]J%9L")I?E!7//J.E*UD
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MI@!M]P' /:I92+FS SV-(8JJ2>!C'-  Q)_A&?2F Q#GIQCUH\@'-P6SC\*
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MLY]JI[@68>0^4X4<$_TI*]Q#;X7$JE;7!D)"@,:>^X;%FQTV]"QM>7"'  *
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MSCJ#W-%P%3IGCGO3 =)(2>...E*^H$4CD8.2,CIZT,:&JK;N&QDYI7"X,H)
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M%#\@W)\!V&,  9]\4*5]6'J.1%5R.I*D@>]"#<9*0RLP!W;AU]*>H%5@ ,D
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MIGK\W^- #X"L,S18.&.0:&P+"\9S3 BDMTF#'((;H?0T7N%[%![<BX.%/F<
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M8[58ACS*C*H'XGM2&*-Y499<AN?I3T 4HKNKG(*\4K /*J>H!IB,K6,!D&,
M#.:3V&D9@3>/F."><4UL.X]HE54;.3Z9Z"DK"U)-P.U00N3P.E RY##<^7 !
M&,,26)Z 46U%H/ODN$51$H<G.-JXQ3MH"9-Y;101@C('4]2,TKAU)X3\IR"!
MC'- ,I31LLFU#C!X&:?D,E+>19X4EQG@_C4@C+8L3C:&YJO,&/*C[+OSR#C
M/2I6H$00DYW'/<#O3T :RKD*3@*:?4/0HW5JMS<PPI.X\P_,J_PC^M*T;[ [
MHW+*QM[.%8HT02QKR_'-5S,7+;5D4VX9(Y!'?K4M*VPT18:2/E05/'6BU@V8
M]3E<,#\HZ4DK(!(;:>]G!B?RXE^\Q'7V%.RZ@]#5V&&S\J5\X& PZ^U"5A%"
M1@J95P3@Y(HT10ZXD5I$ ?((&3CVH>HB-WV[Q&<@\9'>GMJ!&2064J0*2L@'
M)PN.2<TQ#@^PG:1R#DGG-#&1@9VL!G/Z5-ABW4D;0*H&6SFJ]0'KER0@P0O;
MH*5M"1T!<$YP7![T- $C,R@X&6Y)%-L"J5 .,9 Z"E+89)&%\D #H.N:-MQD
MA+>5D)PW<^U'0D9EER<@C/(I;#)][N Q8@@8YYJN@#FE*1@;%=2HXQTI+8+$
M;$N0\:JA /3I1H]PV96;!(4J0V,G%%^X#=Q4L,8&/RHLF[H$R16Y((&/44 T
M'0GVXHMU!#"6+*I'(SSGK196N I8AO;Z466X#(9"SG)&!^M)ZL98D.YF#E>G
M455Q$(4 XZC/0U.Z!"[\##-0QH=Y@*-[GCVH6F@#5;YG )P#CFG:S 65-Q(Z
M>].Z$*D6Z-0,8'4&EL#9,$"*IX;GC_Z]'09&R?+D#OR/2@0DB;B!@YQ^5 S;
MM1BUB'HHI1V)9-5""@ H RD'S +R#2L6)*FT\@@^]%@(BV<;AFBP$;]0"#CK
M2L ;@K @<"D %LX_K3 G55:-2O+_ *4 ,"@Y"\\]:$#&A7E7//%/4"11L&=O
M.."#TI:@'^K"N1\Q7'/-"%881E^.@[]*8#6BVL_3 YSFAI,8CN5'(Q[$]*&)
M#RR[,;RK'J*0"";RVVC)'3-"&)/(K1H <,>IJN;0%N-C1UB#'GDX([5"%<G0
M#)+?+C@CTIKS 5V1,)&QZ98]S0]1^I6.]IONX!')':CS$2!=JD[B#QS3T6H"
M<<JJYQ@Y]*5K;#)?)PJLA!)XQVH$2AU4HK %<Y*@\CB@!K1)DM&^$S@@FBZ
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M<#U-#8%Q%6-<  =R:9(V638I/ X))-+0=CF+W7_D>"U4JW'[SH325WN5HMC
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M4>6BJNV=P3OS]RE?77J#[D=LEQ'&+=,&4$AY0,T60;:LGVI:/L_U\P'WI/\
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MR-N/UI@5I%94$B J4/)'/-'0>P^;:-0^<[0RY&?7TH?1@BWCS/F^[P0!VIW
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MQ#6CCRO/RG)I7 K22JX^[U[=J;&:,&P6@(&,*<_SJ;B*!+Y2,$,<XX]Z:2W
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M$9Z"J6FP@BB>$Q*A#1CH>O&:2MT$64(\V3@\8Y]:8&)XM/F:$K ?\M1G\C3
MSO#I?[#.JJ#N=,M1;4:+7BU\7%FONQY_"D+H;NUAIZ>6,L$&,_2A; 9MT)@2
M&@D=L\D+_6A)OH/0I2VUT[X6%_RI[ZA=$*Z5=M&<0,,<=.:;0KFIH=E);+*T
MT1RY &?UJ=;A<V@,  4Q%.<K\Y!.=V#GZ4EJRB#R2MN7_B!.X>E/<+E+8TDF
MQ,'&3R:++8!P)R,!MRG&?ZTEV D\]HV8J=I!ZCTI;CN-CD()SN8L<\=33$7A
MY=NH<J!,5)"CC-#:6XK% L\LC,Q!+G.?Z4MG<8IA4,I+#&W(]Z;!#R[21J !
MM'<#@T $<L*C8R_*>I]*$%A/EWJ0V!W(I:6 <A4 +Z'BGY ,NX&9&D;E#C (
M_6JMW$/0!D1MQ/&2/2I?88XMO=H8SGYAC'I0ABM'L+[1]P_W< T[V$/CF:2<
MJQP2G3'4CUJ>H$JR?,%?&<9X]<4]@"X4-;J7&3@ECMIIB*'EG>201QD@&DMQ
M]!%)5UDC.TY ))H: >K(() 7!9'Y/;\*+L-@++E0"P7K@BGYC%N7.YN3_LY/
M6EHV(I-\R$!L,#GKT[T7 N?N_LP(D)?T-&Z%J0+N!SNP!VI/<8B-&T@^8''
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MXSED)!(S2NPZ:EJ-=LJL,D.^.>PJD^81.[8&W"Y+X 'I1KU$4KB0,%D9 _8
MGD#/8TNMKCMU9I0.T@+,@4?PC/(^M,3\BC=P20WC74)9F8#Y>WI0XW=QI]RX
M?DBP,(3SSV]10(:D*R197GG)ST/_ -:E8">&/RXPO?OBFA&5XJS_ &%+C^\O
M\Z&!A^%RRNR[\ LIH8Q/%3L==B4#!55Q^M#V$=5IL8BLHU"E21R/>A#9:/7
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M 9-$C)\K#.>.N*38(?('.[8NW!^E+R&0$NL9!7:#V'%,5R2$-G'3//UI:7U
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MSEW4IK!'I-U_&J5KH3W.G4XDB+?*ID&?SK.I9IE$5W)_ILC(I!5L]?>JEJ[
M3W6)521%/S <YHW0A\#E)U4'YL>M2[K4"U-(2VQD VG)QWR*H!I?>PR2.",>
MM&P$IB((3 )['M0 I210 Z#.#U[<]:/,-!A>0)@<9/0?XT ,8-@CY2>HS18"
M+&!D<<^E%AC@C+@-]2#Z4-M -*[ /FR#R!0(ECW!=Q+*.V*6@R,,=N QZ\T]
M '0J2[,KD,.?6C0012N)P -X(V\#&:6H.Q:N9S&OEX+;A@EA^55JM@16$0*]
ME/0Y/WO\XI7 YSQ+D2V_H$./;FG:S!FEIZ!=$MW'.5.?^^C1<$S3B4&VCRH
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M/48J$),Z/0Y$\IE8C+\\GOZ4U)(&BN)4AO)H2,IDD \ '-$])7';0V/WDD.
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M4XYI -&<[1DG.,9HD,?&0&)8E?PI[/4",211W9+%G9>P&, 4KVT!W'[EEEP
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MF5F7@AO[U5JA;EA88V7Y2#QQ2W$-95?:&Z]R.],!(5V)D."F<'L:5M1DOGJ
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M:;>H#&P"H4Y[@4V =<].#2U&*#\V<#'L<4]A"[BHZ>W-*P"!R&7[O3OS33T
M%)$C$<$C.1TI6N.Q.TA&\KA5?KBBXK6) @$).?G) ]:=K@-$[LG+Y8MC&W^M
M)H!T<C+(P9<EB>,=/6@#F_%YS+:D*!F,\>G---]099TSG2(#G!4'/MR:3T8T
M:FUGC0J!@+VI:"ZCL'R C/N"G/TJF,FLX\RGYLXRW'3\J5E<3+SXX'<GBF(H
M.#&75Q@D@C P#188D1,C %T ;&?<\&E=!YHL?.CLCC>&;Y?7I1KT$5S>/:_>
M&Z(@;<\$GTI/170U9DL4D\ML2R;'_A!Z_C36HA5N'<F,C#$<;^,&C8>G0L;-
M\:I(%/KCFFA&-XP?;HP4'&Z0#]#0P1G^'7Q92JPW?.G3MD4=0-#785:U9^<1
M2AN.HS19M,9+;I;10Q3@G>Y^4J>>E":23L.S9KI]Q<@CCH:9 WR\2%@Q!/4=
MJ30#+=0KR8[M3&R8C/TH$12RF*)G9<X/ I#M<CCB*J2[YC89YXZ]J$.Y"6#,
MK!L(.$0]B#U-):[AY$TK9#$$MP0, G%,74KWIQ"A!PI8$CICBDT-&=N:;EB<
MYZ=<CM1L[ Q6)5.ISC@'O3 <LBG&<AL<CTIVZ!L3X4*AW!@1U'!)J '6\G5@
M2IZ'OBG;H Z1FC.\'(!QT/Y&F!2WEV=%VJQ'<XYH NV=D+5!)+*&F/?/ !H2
M2U$.D8](P0H].:%KL,B\LNA(<%L]#Z4 02'#8ZX]J'?=C 7 BRK9.ZE9B'^<
MK,!+N)SSCO3"PW<_EMM&<] >!2L#$LI(XE$<SC:1DCTHZZ#LV6(=MS+MC8^6
MO3UJEW$]">9U9W1FV[2,9^G6IMK8$5DECC0;268=3ZFG>S +1RK%N><BF!!=
MEI#R?O\ RD^E)WN&A7A@,-P0/NG^+TXZ4-:; F6'?RVYXV]":'H ]K@-&69B
M2/3N:-0'-+ Z#KN7\<T)A8J$\E@<$#CZ4-7&QLG(VYXQR:!#B  0I SUH>@$
M4B@J%7DGN/2EJT,0M\H7N#S2=P')RY]JNR>@"M@( .@.21VJ>ET@&-" S89^
M>I-.UQ;/0L@E"SE5QC"D'%)[!U%A7?'E,J."<=N<4)C)YF4I,2=V% );@'FB
M]]@L4USO56;/.< 8IVL"&@%I3NP".<8Y%*_0'L2!6D "G.#P/QIW[A<<$QP[
M$N3@C^=#[@/9EW'"@>PI!H #-&2#E1TH0@ZCC.1ZT_4!PCPN3QM4'KU&:8%2
M /L98E!YQGKUJ1O0GNI##"T;;MY/ QCDT?"+3<J3WJ0)\A+R*!&%'&XU*[%;
M:LKV(>.?=(S>;(?FV]OJ:IW$FC5-M.8BI)3<,C!S0*Y')9-&Q0R*Y;!W4>8U
M<GE$8 R ,K^5,7D5E2,']VB=>RTK@+N"QMC/ SBC<9OV>/L<6#GY11%W1+W)
MZH04 % '+:%)$UKE^&P,&E<HTQ?>23CYA[U#8[$3W3,P+8YI@1_:TCDP_)QQ
M0[[A8<]V\BA0FP$4M6/1#(HU<X8Y/?/:JV8APA56'(/L!2=A(=A2N ,%CUHV
M&1SR)"P+;CDX&.]%^@+S!_-#'?\ *"HPJ_UHM?2X[V(]L2QE=GSGL.F*>BT)
ML1[C;OD@E2!TYYI6TN@TZDL5P4(8!UXSC%%RM"['-#)$7ZN%'!XIIW)MJ36I
M21%\P#ID<\?3FB_0&A9H0A9TRI/93_.@$QL$V0D90JIZYR<_Y--*P$TK)#'M
M')Z@'O22#S'^6LRAU^7<!SCD4UJA%'5[8R6X"Y !YP.WI3Z#3L9%I%)"BR0J
M2QYZ9QS2M=V%HBC>7L]VX\XD,AZCU%#36A5UT);Z_:ZMH$.1M';O22LK#O;8
MJYDEPK.2$]::T0KMBK;E[D  GOFBXCL(1Y]A$AC!& ,$]A2B[:"98GPL+L3@
M=35 EJ9%JZM)\OS!CR#U%1%^]L4U8?J<DT$7DKG(YR*IK30$RJNI.D*"/Y9'
MX)SEN_:IBK:#U-6RFN9&9I4(C7VP2?I35T2VGL6_,#MM5N@R:;["L1H)'FWL
M=JCH,=13 9J%JMU;%#D$<C%,2T.8N+0P.2I88/7O4_(O4A>10IQ(<=^U3TV'
MJ12LK2!.JCYB1WIW$^QTFC&-+<;2V\)E@>G;'XT(16URZN$/S+^Y/08ZTVNP
MU8N:=--)9$DCR\87 QCZU,;]1.P7 2.8^9(J[@<>@IW7<:5]B@)E<K;11O,!
MEB4'7VIIL&DMV- NK@>6+-P22 && #TS3?,]&%XI%N>R2**$2-NE;'S!^,TG
M:PDV2O81",+  SGC)?.1CWIW3T#7J58(WV?O'^3'&.BU*87N/MK= S,'^8#Y
M>>*=T]AN_4TTD4I&9-H;K1>Q-B')BW1G:"Q QGY>:?F,:D+D@\A6)!P:+")E
M7Y]R9';@5+&1Q(?MX+@9 )YZTW8#B;D ^(' .<S\>_-7U$SH'B9$9@,,#]T#
MI6=]2D1/:?<\Q2KXYZX-4M5L(9:J3:L,[B.<'ZU*:O89I/-NBBF8%VP Z@>E
M*SLTA$UBXDMI'VX4YP3VZTU>[N!)<E3.8_N@#)H8$'RN^,$'TQ1L AS&2V>,
M\8/2AZZ *,[B3DY/4]Z;WN QL-*&(-/H V10.W%+H" 9W@=-Q]>E)C%E.')&
M[ />BZL"'1[0F-O.."3R*-M!,;SES@8%.X%V/;*D>$ )SG&!BDF+8<"8P\;H
M7R^<]J8R&-6/W!N!! QZ^]+<'9%J-$CY)"AAR,\^U%Q'+^,Q^_M<=-A_G3ZC
MZ%G3XLZ1:, &78=WN<FA@MC5@BQ#$@0EMF.O'7K3T!:$AB*QJ2>2W -3= 36
MJOYI+!0 .U/T$3/)L>-2>6XI7MH"15N)G,T:Q_.JL-P]:&.PZ.V196C$(\L'
M()/3Z56PNA#<W3KJJPQL,+'DC-2[W5BE:VHAM8OMF^\D0R./D!/ -*ZCJQ6;
MV)U>*UD;S'"J<<ENA]!3;2"UQD(EO)?/#%8%.44]6.>OTH2OJP;Z%UW$:%G.
M !FJV).6\7R$V5NN>KEL\<\4NI70A\-J6M9".HD08_ T^HD;NK-Y4$CA X5U
M<CM[YI-7&O,R-,U";5-64.!Y )"J,#&14I6W=P=MDCJ6W"([#E@.,]S5V)'=
MNE %:T<.TO[S=\Q( [5*&RU5"(;IA';LYQA1GF@:*L4_VN1@?EC7&%[GZTM]
M!M#T ,+N8L,> .V:+=PZC$67RV+/M&<D=,'O32Z 5-2G,BI"A!!(^84K76P;
M%8 *^5.>QYS2OIH%A65F0#C@\<=*=KAL-/*!R5Y_'-&FX6'12$C#)@ XXI>@
M$T<R]" >N* L2B4",*C@$$GZ_6G<+"V]M'<R27%Q&%&>@/!- GV1-=(LD>V,
M[448!%%]!HJ'Y54,K CC.>]"U0=1RNJVP)?:W. 1UI62'J.E"NN(E+$C.:IN
MZL2BN(F7 R!GKFEL,1L$DXY!Q]:--@',S?9V"G!/!I70$"HIW(YRY(&:+^0;
MFK;0I!%EB5R<?6JLK"*$[;9'922IZU(Q$()Y( '))HZ@UV)'<YV+PJ].:?J!
M#,[DA@<D<M[TF#+<!CWAW&5!Q@^M-:!8=+Y<L11ESCT% )#4T]7VM'+@$=!3
MLNHBG,%5]J@ =<T#(MP ^Z"",=:EH"4KF$DG*DXS1I:P#&^>38' /I0 -&0G
MT]Z>VH6() QF7:I(!!(]*5@)V5 -J@#G./7%%U8",N6/0C^E#26P[$@<?<+9
MXZYHT;N!*P4Q;-V5P.>_2GHA#$=A'UR<#ZU-A[ J@"53_%U';UJKI"8L:CC)
M&X9Y]*6BT&D/2-49GQDD<'=36KT$ 0;,9YXYI6 4GY^#T/6F,3^,\\]10Q"-
ME7&#P/2D Y" 1@@_K36P6))G2*'/!&.A^M%[;!8ILD2J90[1YY)'8T/5; KE
M6YU-UE54'F.V/+![^]1;L.]MQ]G9B)O,N59Y&^;/I["K%N:%M"P;S&C/#'&1
MQ0._8OA$1=V<L.%&.@H?F24'Y8KNQCC-)I%7&$ C())(IKL!668E!E,%NPI
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M1Y?F)"@#(-58".5=@4KU[@CC%(!\.&E6D@)/.9@0>5STQTI^@RN"-V1D8]:
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MD-CD(&6)I+05B0,D:[HVQ*>#_LT_,+$1)!W@<FC0"%A\@!)/S9Q0]=1CF4
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M\R(:PFZ-)4\F0Y(/4$=,4FFMPLC42<&'S-WF9 P!VI[["8V1B_4$J0>,T@(
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MF7"D]3^'Y4O05D:[HYA9=P+8].OM2&0Q@"[8 ON"\DCCMTHL,RA+FXFPF-S
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MOL+T+%RVR,0(&+;<@^F*!>9ST<DT>HF82'!RHSVI,HZ)'CNK-2QP' X]#_\
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M(7H1AGCV_+\I) )'I3;5@+$G[P1X'*?W>W>B_0-BS!,),!W995R.._/6E?N
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MN!D4 !"[P"<>M(  +$A.1TP:;$)@!NA)S2&2*?GVGC/2@!"BGYMV3_$/2GH
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MP[D/-)W70:MW+<%[BW0+#.>@SLXIKFZH-.X^6Z;Y0RA?GQAE-,5CBILOXA.
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M&,;>E.3$$T<DJ#RI=K$=<=:%MJ.[6PR.UVRB21FE(&,T62V%KU+\KH% 53M
M_'-.6H$$[!IAC@D<>QJ=>HRK-($7"DACU/O3U#0JH-Y'S,6/<T@N6FM]O.\C
MU%(" N(_F)X;@&F!*S>8V!D[0.M $!P6*X!*GUXHO<+$<CY*I",N3RQI!L31
MVY$;DDDXS3TZ".NL<_88,@ [!P*<=B66*8!0 4 <IH\1CL% !# #.10QHN@E
M7R#@GTK.Q0N\!<,,_A3 1\J./3N*8#5<]<8/K28:$BR9!##H>PHN [<& .SC
M&!GN:=PL,4C)RF<BA- Q[/'C&TH2.M*]D!7XV$#)(-  "3R,C/;TH]0&N#G!
M&23VH\P%C.2O&0>Y-"?40I(!"XZ>O:FQD7F$9^4=<#BAZ,"3<FTG/MQ0G?<-
M1#("@..WI0F]A""0C><9/%%G8K0E\S>O+8QU'I4K00]61%/S$\;CCITXI[H-
MQT#O)*[@@\9/'3BCF5[!8&9?-#@D-D \8[4"LQ_G'>3N'7YJ; F,Y<A0Y0.I
MXQFE;R"Q0:%KTB%CED!ZG@^E6K?",Q)89(IBS]5X/:IE%+0"2(9?=SLSG!ZX
MJ;: 3^=(N=H(/KCK5<O=#'6<33S8W9)HMK83([^Q>UDVG('8^M5)=17*+,5^
M]@U-@.D\.W430M#DAU.1N]*A7B[#:-M3GITK4DQ=<RXCE1&!4E3ZT-712T)=
M'OXYQY)4+(O/UJ-5NA-&G@8/2J0@1=HQQQ3 <2!UH$%+8"(3 H[G@(2#0M1V
M.5U.WNOM[_9(MRMSZ8%5:^I3=AEO;:F@)%J23P1D?6CE?<7.NJ)(;C48KJ-5
MCD4EL$5+@]Q\RL=*B3OO,B@$K@4$W#[%&P;?\S-W]*:=@NS,N=/N+<><BJX4
MY(4G./:B2NFD-/H3I ULOVBW.Y6YYXQS2M?4+FI&X= V",\TQ6$D^Z3NV\=?
M2@$1,K@J?-R!U 7K2TMH ]C)N78%VYYS_2F+0BDM?-=6F8':<X'&?\*+#?D<
M-<.(_$C,OW5N,C _VJ;![G8OJC$E;>V>0CU&*G6]D.R)(9V-CON559""0N,\
M=J4>S$9%R69E0$!3EF[?E3NK%>18C8(<IV[Y[4M&(5N4W%=N>0?;TI^J <QQ
M#N&!@]:+-#*FH#B,!NG7 ZTN@&>L3!AM<[LY&#G%)V%J:%M<&X_=S-\Z9R<4
M?"[,/-$Q4! %PI )R!W-4M4&PLK+(A&P],D@YH6JT"Y6\IQ.I48(&1GIU[T
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M5U,ZE$'IS^%*XK%B*]@F=0C9)&3@'BJ33"Q*]S!%@/(!Z470K,J2:Q:?,%E
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MZ-0&LH;CTYH <R >65&TGJ?6B[#8.K9R<GL*0R4 %^FW/( H8A#'G<2-V ,
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M.0"<"D(5^&!"X!/3TIN]MQ["L^3N*@-WXHN^X$?(!7 'O2^8 ,%!Q[]:!"[
M\1.0"O-%_,!LA!QN &.,4[VZAH/D8KA612"H.0:-7U'L1L"[?*<C..32T <H
M+,22.._M1HA#P2HRH &WL?>BX]B(QGC (Y.".HQ3$!)8_. 1ZYZ4M@(PJCYE
MS^?2F%B9< HY0!3QR.GO0 K@9*!>IQ^%*_F&A$R,J@A0O)&:>@$B2"21@Z A
M>>#BE\PT'(GR[MH4'!*DT]@L([,1M7YU((%*_F#$8C#[0"=OZT 6!A\#: W
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M@D.YLY8 =<T)L!1O$8P!M'ZFAW8)EHNI0?*01U&>,T:CN1A=XR0<X*TKH6Y
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M[("=)AMWJ=S-@8W8(/\ A2VT&DQLTD@N8_,!!8;=JGD>])Q?85RY-'&FGNP
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M9%YF"21DDX/X=*+,+DR;7/;8. OK1J(1%)=D<[0N2/PZT>H>@X -=Y(VY3)
M_B]J>X$C 2,",D-CC/;%).PPC0;>0F<<4]P(X\&7]WMP..>_L* $N"L0"O\
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M>@HL A !*Y /';/:GJ%F3*B(OS\,H/3O2 BG3,;'#!UR<D]1Z4;@30J7NE(
MPBA1^(Z475M!6Z"[L*^T'"2'KVQ3&5Y94C0DR!0.5]Z6@*XU+B29=J)Y2+_R
MTQ\Q[<4-/J":Z#HX(XY"^2S$<ENIHLEHE8-7N2;!\H!Y]2*>G86I%@H[!N>:
M3#U'L 4(7)![TP%\H8VYZ>E 6$:)=RKT.>OK1?0-MAQ)1V4'.!U]:!B%LC
MR3FD@$SG(_A%"0#7^7!4[@.PHM<!3('&21ZXH ?'\C ^V>G2@",,0!D]\_2@
M")V4<Y.!UH KRW85_D4,0>_2@15.9&R#N)ZD\8H$310AN<%N,DGH*8%A8PH/
M7T+4 3@$+D-VZTBA,_+UZ=: $C&""!UZT")$CY&< >] Q'3"':#D=^U #<%@
M.!QW% B5&*XVC&/04#$D4F(GN>E CM=*_P"05;?]<Q_*DA%NF 4 % '$V\T=
M_ 9 @B;!.W/!%+7J5Z"!6)!'4?K0 W82QQCUYHN A&5SG:?I1<! #SDXQVH
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M5<'@YQ4E$1W9VCMWH$(<D%<'/>BP#3P_ _ TP&-C!R.GKVH :0 PR6Z<XXH
M0_, HS^(H"P\KCOD9YH[A855R"6/08Q1< 0#"D#G' 'TH >CLJC()YP>.U)^
M0RV\2RC ; )SC/2FA$)MXQP3@@=:2N%B.2 J_P O(/ /K5/34"L5)'.1QQ2
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M8+>1U7?D8/3J!1HM4%RXF(49E^8'CT.: ('R3N R/>C88KD(%8#(Z-S_ "I
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M@)(X@3COD "D%BRRHHP0N![_ )T!8ZJP %A  ,#8./PI1V)+%, H * .(T%
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MT :^,'.>:0$T+GR>!C..]-VZC">+A<$,V,\&B^NC$1D+D!5 ( []Z$^X6%
M*J02,\'K2T"Y-" C*9 S(?04_0>A&RY!\H'[V<^QI;L6Q-L C$94DD=?2GJ.
MR*]S$WRJ!@@\\]Z$D@V'QJ2SD$X&#GU]:%86V@IDE& $(4#K[TK 1R?.=Q!)
M8'%"T&)&K?:$)4LH'&.XI_,5[DD;%B<\@C@9Z]J6@^@@PSEF3D8[Y[T-V 4[
M6; ) 'MUIW\P!(B$QD@#);'44V+H4[97N=1,D@,GEGM^F?PJ-M@W9>DGQP%_
M>=\#IS3UOH5H*I+R;-G"J>.Q-'S%H-$F6)VD=N*-5N%PE=&4%1\PZYXI@0E&
M,A52#VXI"+,.Z-&R,GOZTQ@&Z;E' Q28$>X ;2,'J,4,!)"-N[;]<=Z.@$1=
M]V[GGBBP <A@&7[O- B15R,8)]?84P+!6(0A@21CICD4T!29MC!2".WI4A<4
MSJF6^Z&&-QHL,S;B8R';U"]">] F/@M6DR7R,=%'>FD*Q:6!@F , ]A3L,D$
M63D@# ZDU+ <1\H^7@4@#;E< 8/7&*I6 CE!VC(Q^M %.1W3D+WP*0C02WD"
MC<F.,^E,:%>/]WN(!/MQ2T0Q5A&!N_&@",*2RJN,9P318!8F;SMJ@%>M%@\C
M0/ERH%*88=*5[!8ANHU0JJ\-U-/<".+RRAWR@'/&>_K0K#U9V6G8_LZWP21L
M'6DMB66:8@H * .&T(EM.V'@$TF4BP5V2-@8(/6D BNA!P1UY/>G<9"=I=OI
M1H("2PP#QUHN TD-G. !Z4 1XP6'!QSS0 F_@#OTH2 L [XP6&,C&">E# :=
MN_"@@=J (@<<;<Y/44 . !EX7 /3M1?J'4?PL>"O(;(YI70"B52,,@X!Z4##
M.[!"@'=D4V(F?$@VD<@8)QVI7!H9+;[5W1G/&::?1B78@C0+A6Y)- Q3D'(Q
ME1UI 1^:0JC"]3Q3 ?'\K*&7E@,?2C8!2H8X3!Z?C3W C,> "./3'4TKAJ7$
MDCC<[H\G'!'TIN_8+=P:\A"86 Y!X.*2YNP60C7:JP*1CBC5#LA5ND0Y$77Z
M4G=H&D)]K)7/D(,^HHU74++L1)=;&9RB@,/KSZ_E3=V@T+5LS$AC&/3K2LTQ
M:&[ K7$#,6(7  ]L56XFRW''Y40'HM (X;0\MXBM^@^<G]#0)G?B@!: $H S
M[B_M]DD3@+,JDK'(.I[4)M,KETN<-<WTAD(6/:,D]*-17+]A++<)+E"%09R!
M5(+H28,9FD*DC[N/3(J;!<EBCM5L+=3&QN7'S*.A -/5:!;JV1VT\8NI;8)L
MY)C.?TI-[W"Y+O >0,6RW3;2=KZ#%5TC& FY3WSUIZAIU(1<QV]PH&,$<X-+
M1[!L13SC) 8?,,<?6GN!$.?KUZ8H$Q[ Y'';\J8"Q#&_/&3DT @N(DN!N<@$
M'C^5%T@=V:=W:?9+:,)AMQ(! SP .:2N&RU*@).USR=OTR:?D419)EB ;J>_
MK0Q/0MES;N1)A77T- ;D>V%TS$X SW/)S2;[A8:Q925D)*9!([4[/= 3O%#)
M93/&-FS!VGD?A0FVP#5D2(6NS@E.2*+.VH&:OS9)(P"/PHL)D+R*%;:QSV-
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M^6XRV2#W%)@6W"M$=K!N.U'0"&3 QP.!C'Z4 .& X=P!CCIU]J+@12%Y" P
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MG>P:D=U+OC9<>IXI7U$0*@-OD\,.O/6@!G10""5]:0$UN%;<A)*YX/I3'H+
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MEI9#3_F*P+R#8%QG-4DR;C'W(?F.3P.*0&<AQ= \GY_ZT(1I)(%4C-#*N2
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ML'(%(0^)&9F<#+?W??%4#*CHPDD9L@GG'2D] 3N6;AU>#RE/+]^X&>E R%&
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M)U+<@GK_ %IW8B652@&"AP=H^GK2Z!8IS1_*^"-K'([\T[A:PR0 (K<9':F
MZ+'VDCG!YSZT@0DD)\L81@"H/S'KFF(52A(RVU0N#QWI/T&D,)Q_%VSTZYH
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MG(HW %^9BS #:>GK2;:0#'CVCGJ3FFF!+'$-HW' QS2V5V%R/R\.VTEL]A3
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M<#-,!<<9-%@)7#$C(Z#%(+ BD[F"].3Z"G8+#)%YR.W- "#OS2 7'&[H/<T
M4+7FZ '/7^1IK<1=?!/0]*0Q@)/&.<<4"#S.@QGG\J +-LZ*Q#'&X=32*1(B
M[U88(8G-.Z$64'E1.O&XG)I#!W8KN([=!0@)4(0-E0(VX.:;[H5D0"3,JJ""
M@."".*G38H:$>9P&*A!_%VIV28K=A))(K9-L8#2'^/L.:5[A:VY2D<R2 NR\
M')JM!-#%C9AM49IB'1Q*&RW7WHV'8FX;Y23R*748C$D<$@CI0 @7#'C.?0T@
MV'@JO3=D]1ZT:[ /_P"6A'<@#)HU"XC( XY/ I@ Y;G/2BU@+"@! @&1UXHO
M8$0A2'"D]>:D"W#.8(W1E#HX^9#_ #H=^C#U)C&0H>V;=&.2AYQ5;]1[#Y<2
MJT>,]BOI2ZBN0,1$OESJ)$SPQ/(]J5GT#?<AFM%BE?;DJ.C8_2J0M2O(!YJD
M<'OQ0NPQ&B#\N,9X#4KV>XO0CDC>/Y)!@=CV(I@(%P>>3^E'S >IVY7'##!%
M #TW#)#'&.,_TJ=F.X"64( 3E1U!I_,+B>:7D#,B'.>.@H5^X:$@,4C']V<D
M= , <4:BLA (B"I/3U'!I\W1L=B)E3.<CZ#O2O;J(9<[&4 '+%\$#L*=PL-V
M#) 'ZT7$1M$&. !G/(IZ,"0PX7D+COCK0!&8%[ #'6EH/8:T8;.0.*!$-O97
M5](8X$&/4FFHW%<TAHP@3>TIW9V[<T>Z/48L $A4@'''%+T&2O&J8Z8')]:
ML,8H8EVKUZ&@+ %. Q7D$8.:>P$<K"- <9YR:2 D0$3 D#<<C X IV&2I'ND
M ("$G% ATUM&4&3D]:5T@L1BV7YCCIU/K3#0:\+ %MH&3@4A##"QC.2.#SVH
M&(5.[^8QUHL A0@ ]C3 7"D8^7I2;"PW.,4;@(HSSC/X4!H2HF64<>N*0#V"
MJ@P!UZ=Z&,C0#<RXZCZT70@+,0IX_"FK!<<W,>&X.<>E)#97=2"2#S[TQ"G!
M16&>G/UH AB1ED^7.TC.*!%C^!3W/)HT&*,@#//!')HT 5CG Z 4@(0>>.WZ
M4UH!,1@C(&: &]R@!/IDXH'T'1J$+2/T2AZ"$@9Y?W@7 (X'<T6MN.X*C;S(
MQ &  ,Y^O]*-!7)2JEPR[3NSD>E&@#P0OR$?=!.<TF^PQ I!'<9.X@\8IL$1
MW7/"8]B*!,8@+#). JC[O2BR[!Z$BL9%9#]T>_)-)*P Y8@ \ CGCTIZ (7
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M:=@+6U8X\  GJ,T/30JUB+.6_'KZ4K"!!NP1ZT;;AL)U^AI#)$(!#8/7H:&
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MX:(&+'Y>!DG/THV ECM_+7)'#=,BD]012FC<MDD,%&<>U-^2 6(;BN2.?>D
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M T 1#>R[AG!ZTQ#&SM]\=: %&,D'&?Z4: =UI>/[,MMIR/+'\JF.P,MTQ!0
M4 <]LP >E)K0L<51EQSGU[&BXAWE+&%<X;@\>AII: 4[N1$&Z0[^Y I#1B7F
MINZB*$GK]X]A[46N#E8S6 SSG/KFF0-V#/4TP%X/KD=3FD BG:W3- "9[8H
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M 7KN[4 -5@@RF"QZ$4GJ&PS:^-PVY;D]\8IBW)1-M^\ " !@TK#T[#ED5LG
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M:D!*L)/!!&.A_"GT#08X 1B& QZCKS2V , (VSG).*$!5E#.-Q8;/;MZTTT
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MYH=A#9(VV AOP]Z5T/8CB.S R/EZT"0DDN,]\\YI%$04N>>,G&*9):P  H
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M<$]Z'9.Z'HR;R8I FX*P[X%'-YDV[E.YLU0J IPQPK#J*;:L-:%5D>%E ;>
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M /+"?=8,??K2OV#457R>5.!G ]*8 .H5<YZT@.VTG_D%6W&/D%*.P,N4Q!0
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M]2BLKA8V,@'S#/(H] (E42#S #QD_2A$D>,-R,B@!=B,"<&BXR2- >G/3\*
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MSTI+7<".1R -V1GI[T70Q?,)R ORT+U#0$&T.>,GH/2BXKB6M[):L0JCWR*
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MB@"Q;2C,A<@G&0:2T5AV*MQ,7; R%8Y.!^5.PF09VX5B1Z\=!1;L(=M#*",
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M5(Y;)HOJ"&LJ-M5B!CN3SF@=BL\(104Y+>AI@C"M/^0C&.OST+<GJ;:,%MV
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M7[0HPV+D'':DW;J.PR>-$R2&4!B/7/&::;N*Q"T8W9V\$YHOY@* .>>HSBA
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MR+1(VC74AC@+CCKT-/J+J<DYP>>#ZFF TG!X;.?TH  YP ?7K0 [)X([]<4
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M>A0:T,);S8\,">>_':D[[%))@3F4>:NS(%*WD%^PY/OQMGH^:.FP:B*2MY*
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MZ4KA83>-^<8([TAC79B,J#GK_*JN(4C$;$_+P,#WI-@ 7C#9/'4=13#4144
MD@]?6D] (9-O !_B&/:@ N=OE'N W6F)D@)5%7#<\^QI:#)')5@ @S]: &.S
M-MC((&WKBCU&1P+F5@^0JJ3CU]J8O(LP,[1L",#K]*3[#NMB.3857;QSR*!?
M,B((/RDGLW>F#&JN6![\YI:"' $84DYZTQ^A)M(;!''K0 NW:/IUI7#0:> &
M .[-._F Q\!E'>DF!#(. ><T")TBS 6((.:JZ @;()4].]2, S#+ ]L&C;8!
M\1ZD\<9H MP3[49&QANN:5M1Z"O&,[U.0/;J:=P83C:NT@*<#I1== (%R, 9
M'-,!P8D!"" *0;#I"J., _-3;Z7$-<#(PN3[BE<"1,, <=:+C%!8HQ"X8_I1
MH+00#,1&"&!SF@!"!N/7D"@!V2')P#@TM!B%H\ $8)7CW/% 6(P5*].,?E0(
M52 Q &>, #BAVZ#L(1R& Z@TQ!GGISP*!B]%P..:0#&&0"<G'6@0N01QD#/
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M>W9D; R']<T7N/4=(^W"-"3NSRO.:>HM!D$D> C-L('\7:EYA:[+*[6.YG3
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M"F PKM# 9/.*+,0].05W$4#)$0>9M=NE("1$98P_\)/3-%F,:03PQQ@>OI0
MBX#X!!ZC-.P"J@P3G'<9I6[B$D;,87.2#Q1J D9!?YN/I0 C$KT. ,T#%5B<
ML0=W8 T"0]<MD-D$#//0TM@U[B;CY8Z^AH"X+N7/7\* N,.W<#R?3\J8#B@!
M89Q@?G0!'QDGVP*5P EMV%&,"F%Q1D<]OK1H H;D# /- QW3.1P:0A!GCU I
M@(Y(&",$=30!V.C<Z1;<8^2I6PB]3 * "@#CWC8/@+@^OK2T*!Y H&02".A/
M>A(9:M@S1Y'89Z=LT)L3,_7 WV-LKQY@Z?2J6PNASNTYZ=*! 5/)VX% ARQM
MQA?TH FCB<.H Y)Z4[ =-XJ1AIUD"I+ $'/7H*A(?0Y41/M+$55A"B!C[46
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M2Y"V+=/3D4^=]PY$.6RTQL'R(QQQFES/N#AT)%T[3W&5@C(Z\478<MBS%%'
MNV-0BDYP*5QHJ7MQ\CHAP5&2",?YZT;%+R%M[F1PI=3L"\D#]:5Q/0D47+*/
MW@!R>J]:8B9?,"G?MSGC% $<TX51R 2<9STH&,6[59&65U4@=!_,&D%KK0CD
MO0X?RF8!>"2N1^%4&Q']I1E $[,P8$Y&,"A6'J<'>M_IT_(Y<_SH9)7)&.M
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M6I [=Q[20C!4;6QVZTVAJW<A,P ??(2,= U*P]1RW2?(!C)&#DT7>X$\>9G
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M0C<#G!&,4@&'HN,CVIB$"MM'IZ]Z/("3Y0JY[>G6@+(CQ@X (S0!,C;5QUH
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M@T= $<H6#\'=R2>U)=V%A6>4!2I!&>"*I*^@;#C<YE5<X/<4K>0(P+<%M10
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M C$0.X<]_0TO4".-5 !/(SR?2G?L("@Q@=1TI -;IC;[FGZ ([L5#;",GJ*
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MF3RQWWVI$9X_*(? X'.:30NMB/Q)J4EPJ0IF-"N_##K@GGWS_2EU'HE9$>G
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MKU%+E:V%S"PWDCLJDXR<D8X% [D\EY)YKI NX @ X/-"3%>Q8:Y",%9<D@G
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M@YQGBETN *#N*I@CJ<T;C&* \C$#@ 4 (6.T J"#P<"F T'!.#P*0A #SQG
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M>VH>2+%W(($*(3CN*"EHC+(C#Y4L3UY[47$2,-Q#<\]<4 (D>^78BDYYIWU
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M@ #%)V&+M+'C(S19 P"E,@G) S2]![C.&YSR>]/8+$;#D>E%PV&9!))[=J+
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M&V&4&C7N'0;G">W)(%  KYW*/:BP#6PPZ\4UH !EW;<X7VI>H#>=_!!H EW
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MJ>%&.?6C0;TT)(.(1P ?:@"1WR<+D#//O0QH3>">#R#WI7 C'RH3C/\ A1N
MI(\L CD=#0 F.G&<B@0W.6( '2@!-O([&A@@93@#CCVHN,-O3G@T?(0[C:R[
MN!ZT#N2$#"]3V.*5^P:AM.[' /;%'H \*#A@_?%,+"+N).3D=B.U%F ]22"
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M8QUZTV@'L/FZ@X X!HT 24$W!(PRYYQZ9H&1R#*C=CD\>U&PMR0E3Y6W&Y5
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M<.2.M(8XLNTE5P!WI@ ^\2%SCMGI2 <&"(JD<@\G% [#I)E8C+ $Y##&!2V
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M7D_I2LQB^4X) Q@\4 2F'RSR,@<XHOYB$9@JIGY?PH=MKC(<G:,DL/O&BRZ
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MI 1;&#$;<D4PN2J"(L/QCN*+,"JP);MGKFEU [/1<_V1;9(/R]OK20B]3 *
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M,H$:CY3W[FAM ^Q7\Z6Y\_RRBHC?+@X-2.UMD(7C>%T$G3K[U2MU!E5879I
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M/7-%P%*!!R.<>E("-BS D#H.,4T U@-R\8H L0&-B=X..@H]!B@Y4CJ>@I7
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M)X,$1A06_O#N:'H+0CV<8;KG(&*!W(S"<'() P,XZ4+;0+B-#D+N ;CD4[V
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M7!D& 4/\J&M"C/TT9L<>K'MTXH$B9LJ(NJC&<F@+C+M@+:0\EBO.*?0&;6@
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MIVHR5N#\PYXI)VTL.R(?[6@?()) '7'6C7L)6[EZR>6\9=N57^$GTQQFBUM
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MG";>A''-(",@LV1P5':F YV.=K98 8Y-"$4Y8R,D#"TT(['0O^0+:_[G]:E
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MDBGRNQ(CCZFJL2^QF6"[KDL%/RC);TS2&Q]__K[;# YSD>E" S26WB) "7D
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MC&2/RH 9\PY(&: #GC./QI@*%&XCCB@ QCVS2 7KQ3 3C)R:! 1@XZ@4#&]
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M3W!IL"]-*RIN\H;>O'THZ7!I#+U$ 7##) R *2:8[6,Z\3RIB>/FP:9+1?B
M\O>H[=Z!V)89"DFY1P>@_K4V&23/'+("&Z9R<4[>0$/&-I('/WO6C;H R<JK
M8R,]/K0%B-B0N5R WMWH\@=T"D+PQQC@X[T; ' P 3CK0M =QNP%0 #U/-,
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M !]3UI@*#TZ'\: %P0,9Q]* &9(;UXZT *&X!SCCTH  0 2/UI )GYP2 <4
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MP#N)Z>U A6R5*K\CKQ]:+#1$-V]5+  ]:=A6% P_!SBBS[ ,,9FN84RP0O\
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M\9)W 4M@(L[)&4(1GK3N!#ND0A@3@^G2@=QY)=@A&">.#2V DRQ Y!'>F&Q
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M-CY?SH38Q9ANWY)/SGFCJ(J[5#.V1MV@9%-"L32'?&I7H%ZJ>:- L/CP ""
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MHV$-)W$C."!WZ"AZ!\AZNI5F# ,#Q^5&@6$C<8P.-GS'/?VH'87*C<[-_M8
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M]:+]P+*JJ%>,EAT/;FC8+$T9;<7!*X(QBE<!ML&DN]O(4]/>BP$DP(D8*AR
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M1T&VPB:9RS-&NP' (/6A7%N*Y+D_*0/8YQ1U'<?;H-V"NW(X)/>DQ6'2R_O
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MSC##C-*VF@M.A6U"=F2-<\@DXSP1TIKL/4J 9CW'^$@_6G\@)%D ^8>V,T7
M:) A+!<L">V<'FBS >UO'YL;WK[88L*D8_C;J:E-*7F+5K38"T;>8"#'ND..
M:KU0U;H$3&2X5 ^PE@!G^?Z5+LN@O0W+=$>-IKHESGJ">3CM5+0-]"O"$C=P
MB$8P1D4E=O8.ABZYE&E3M@=:;$8UH,W*8XYH O7&#;RCC[O]:0S7\#Y^TW'
MQL'.?>@70ZF141=[*,JV1GM0,Q-30-<9&']2/2A:C'73(^GIM9HU7H5[Y_\
MUTVNXM4]"M!'LR=Y.5P2#U_^O2TZ(=V.$"E&)0$]F/<T[ZZ"%E@00.P51CIQ
MVI 9L[),(RBJ@P>E.[8[+H1'$3/E>OXXH$1HSA?]D\_2@"2,,O3HW&*5@)=R
M+SUSVQ3 %=6E<>4!GKBC4- $@13N'1NQQ2U'H)) +B;S,A QSS0W85NP&P12
M=TRC'3WIW0K,4Z>S*F)%)(SUHN@LR.=F@MP&P2#TS0QBQ^:3&V4)89P10")!
MYBD;E0;N1BDM !HW#\.F1S]*: K*3@DD$DGZ4 31RC< A!/<'B@8T2('R.@S
MQ0 ]6!7YB1V&:0A.,;BV.P&:!B L@;:<]Q3$*T@P5Q[Y%("+S!@CJ,]:>H"H
MX#$XSVHO8!K%>W(':@!>/+  ./YT (3M.5/YT .W*QR< XXI,!WS*.#CO0 $
MDJ3[=*8#26?YWR:-@>H@QD #@GFD I"\X'0_G0P$Z=A^-,!%<EMQ)R"*0"R9
M,;#/3J/2G8#L]$_Y UM@8^2I0B_3 * "@#E92I.T DKZ]ZE(LC<9084 #BF]
M!$> T9R<GG H >J_*/X3_.CF 0S/OV[@._':@ \S,>[.YMW3% "NQ0_,0,=@
M.IQ1<"-F/4\$'.:>X#CSGN6SR!1J(9Y"8#;"#U.:=V ^(#&2,C( /I2;=P%!
M*MY:8SW]!@TM>H[C@F8QDXQG( ZT78$$Q(?Y0=OO3;TL ,VX9"8&W'7K0GY@
M)M)9BT>0.0&'%/41-YJQ)DDEL<\?RJ>@T$K8;<P.,XR!0 MOYLPVH V.WK3T
MV%="2%UN/*(9"P^<4==1W)?**18WN2>3FDE=Z -?S X9AE<]#TIH+]!(VCV"
M1EX]*6RL.R&EHUW-Y0*J.HJD[H5D&970R-_JU&<+W-)!?6Q2>7#'"X.[D'N*
M &KF5T#L"&;D>E4%S2MI\;T?ACRHSQ]*BW<#.E6,W1$9!!(./Z50K=R9&7=]
M\9Z8%*]^@TA\+ *S;A\I&?SHZA8$Y;YL'G/UI]+ $D/[O<&R<_B,4=+6#4:U
MVT6"&\P@GC%*WD'J0"5I+CS3P.I'O1;R"XZZ)WHPY0K3MH(( 268,?J32^0%
MF*&/[TKE0H_.A/4>I"$5YE(1@B#D47?46A:/EQ[69=P(RV!TIIL-"E<9\L#!
M5<Y&>.#1ZCN16B.ZA57H2.>_%%^XBG+%B[4$$ <=*!%T?)$I1OE;(.T],>M&
MA6Q%G,F!T7C\J.@C5F\J6*9DPLB^@XQZBBZV8[=AYNI4@\F5OE (( Z]Q@U*
M]0M=#W<"U!=_EXX[BJT#<8+LA@Y8??SD"ILK,%8G1DGG4EMWS[C_ (4]+"U+
M2R^=?,059L8BSQR*'YH;71D\K$,RSJN[AE5UW<^U-72T%:Z*DLWEWWRRESO!
MR!]T?2E*_8K9%C46CDD^3&X8.ZJZ$V.>O089/F8[C\P /:I3OL!&)/G#*,#H
M*;8[DK;3]\G*XQ0F[A\R)@" 23RI&* &3[I8<%F.U<KGM26@FR*PD.YH^N1Q
MVH8(TDF_=[50DC@'/04;=1@AP3@#/K1?S ;(H#-P".U V,WM@ 97GMZT");=
M<K[+SS0UT#4&0B4X?O\ E1IV B+H,[CGWI/1CL5L[SP/;)JN@@>0!AY1SC@D
M4OD Z,[2<D'*YZ47"P!\NR=.*8"$9//!(QS18 8LN .!2 14W$=<^U,!ZK\Y
M51@=Z V'AMLFT-UZBD _*;<9.>@QVH]!C%3+@ D8[^G- B[#,MP&CP>!US1>
MP$5QP2H&5%$0%!?9YA!4D<#_ #^-" H78PS=3Z4Q,2/!#8R"!2 DM\].>>]
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M<@@BG=@)$F6(S@>YQ2;$)'D-QP!1>[ DFXC)48Y_SS3M?J!3(!9@O3.1Q0[
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MGWS3WU#Y&3-(KSS2$<D\4+1"8HVY# 'G'6@9/&I*D]@<'%%P$PHC/=B,<47
M,_NE!7M@T7 9%]X9QFFQ#USL!&#FD,T=&B>2_7(!56R3FBXF:%\X5G50"S#;
MM."3FIU; SM0DC#+!!GRT4!B,_C5(=K$"RK''+M')7Y=W8#K_2C5B:06*;P2
MS?-N))84,-3394RI+  $#BEHN@#9$4X)"G*\U5[,1FQR^5*T9&[C"_3%&O0K
MH48OE54R>&((/7K0(MIM(Y!&,XH=P&8?]VIZ;R10!+IZ2RW+F X8G:-O49I6
MNA[&I<ZE!HL$5G"OFS@DE5.><]ZEMR=H@E;5F (97U7S9,%RV0,Y_"KMIH(V
MM&0F[A5\ ;""#4V&=$S>7$S#!V@\?3M3),G3[O;(P=>6.68#- [&+XG9&NI6
M5A@H/QH$<_9D_:%P.2<4 :48+RNG.=I)]Z=K@:?@F!_-GG!(0#81ZGK2 W;Q
M_P#3%CA&7*]!2:ZC1S_E23;I7#%L'/KS5)6&60S+I-R,'G(';'(J?)@16Z;M
M/3Y,G@X)]Z-A%])8D? SOQE@.0/\BGU#YD%\H6QE;OC& ?>A 84K$0QJ0> 0
M,?6F T$DG&0!CF@0I7 ''/TIC)% WJ&SR*0$BJOE*<C'3CU]*5PL(&(S\F0P
MP/:GK?0$-5AGE!]:-0'CDE!D9 /2AL!1&?O+D#UQ1IU >T)3#%C@=NE("&6(
M^6PR,8R13 7;\J,I[#.*& (-SD-QD]:0"*Q21<-D X.?7% $K.58#8&&.I-%
M@(022N?IGTIA<?NR>!VI#L/Z,"%!*TQ$KW2R)C;@]Z0]"EPY)QW^E,0\CYUX
M["E<0FS;SGC.*8QJX(*]6!Y-( &$##.:+@2HP: JW;I0 Q<@@=1[T /P FY1
M]10!"@V_B: )@?R(Q0 TL  QQQR:>P[%>>=2N/[W\-(1=L0&1 %SQTH <Z(<
MMY@SNYR*>@["EF+G8!CUI6$1F0*F",N<@B@9UVC #2;<#^[_ %H)+U !0 4
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MUU#4LPJA4QEM^,\],4-V8]B%H-KYW;,<#Z4Y>8M0D3)<&,!NY[TF_,  =CM
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M!4(7QWS[T:#5R[;(MYKD*L<!85(![GO_ %I(18ORSWDSL.@P/I0MQW*31^9
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ME:X-ENX5(?+5GY&.W:DM@L);SB DQ$%E;]*;UTL!7N'>>8.[%N.033;\@(0
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MGGO0-D6-[#<VX<C/\J+ 31VI)!&=IR#[TQ$9CS*5  93DGUI/1@2HP"X(&T
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M!S$+M(4Y(XY[4P$C0E@,'GH*: DC7;DD$<8Q1Z@1@@,VTM\U2 B'Y\ ?G3Z
M.ERG# #UV]Q22Z@(C;'.. !QF@!Q.1D\9/(I@-VE!N4$@#DT)@,D;=D<8HL
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MN,ACA:EVT#<KR0$W(R&(;!)'I1?L,9L6(NI[]/:EH%AZC.[@CU(IB(+B(,N
MW;TZ<\470%" _9YQG/\ 2@1KVLJ>41GECUZ"B^[+L*+1W?"1[@O 84Q?(D73
MV8EDD"J3C)/4GWH%L6I1=%Q#,V., )TQ^'>IZZ#O8@:3<@#G"$<$_>_SQ1<"
MO*T:$&(EN_TI] ]2$R%B03\I_P *2 :K$*-HZYS3OY@#QAF4CGGCVIW\P'QK
MSA0!@=S27J _A,;<%AUH;N&PSS6  /\ >Z4?,!OF,PQ@G-(!X)PIP&!SGVIJ
MV]Q-!M.03G ' (HNA@^,#Y6QFD!"X^8DMU/04U81/;J\,6\ 8# \\$CVHO?2
MX(-1N5GF?[.I5>/>DF-Z;%9&\M0"5 8\'T--BU++%V&W&Z/'&!1H._0B\LQO
MLP..*=_,6PW=(BL82,A>*6C#8GLE\F ,^<D;R1W.,TK]AH=I\'VB.:7@&0]_
M2C;074E:)MX" $1\8'?WIWL&VQ-DL_S [5VG I6N!%=E@FX#&!Q0!SMY+(&(
M/RDFJ%<U+:!ULA 5+NXW-_LYJNE@\R>VOUTG1G:(CSV<HJ?U/^>U1)OX1I6U
M,0J[QFYGR26].M/;03=W<Z'2V\J(%QM9HP /09H:&$K@VQ0 [0^[)]J2>@%[
M3;>,V<ERY) ! 'OV-.^FPF49;E4C,;?ZP  9/7O20Q;/]W!.Y)"CO]>,4.PQ
MMQ<?V3I(>,_Z5=D_,>H7UJ7TB@6FIASVN]5F68R.P!<^A]*M)6T)U.H\/I+%
M$T03>[)NWYX ]/KUI=-!^IJ7;1Q6[;HV"@]^!30BK;RFVLGE4YW'"KC\A4NP
MS+UZU-O8CS)-\K*2^>WI5>@KG+V@_?)CD[QQ2L!TR.$O)2Q(PI ![\8H>PRO
MH\:27]TY<_+&-F1USVIW%J6[$?9M<N6SPT8X]L5-K@KD=RVZW#!AEF(.1^M5
MIT'?42(>7/')Y@ '0^HI 30L I"@G(!VCZXI6=QD(O5WC^)22.GO_P#JIW$2
MSLR1AE.W:3GV&>*2U R9I6D.XMG)S56"X\3.JD'D'J,4;A<=')Y<N0,J1C!%
M##00,$E#9/3I2$/$I!^9_O'N.@HV'8A<YD;:!M)I@.BP&3&0R\_6@-20N5D/
M.*&!7="XW=O6A,3!(XQR[=..G-#8"C<6(8D*!A<T6&20OLE&3D+R#2V#<LF0
M).-HWY&*:8%7 4 @C)- ",NUT8<@\\4 -E<MCTYH"Y+&4)#,/FH"R#&YST /
M% "LHCM@-V7)Z"D!7&%8*P_2GL _(!Q^5+T 4<MG)YZ4 &TD<'!SUIV$*I7(
MW#@"@9(V-N <4F%B-CGG&#[T ,Z]#V]: '?W0.?4&BP"%2AW*#@GH*+@/\U2
M"&YYY'I1Z#TZDX)"AG7&[C% ATDA\L$#! I .1&:-",'N*K<!LIRRDC 'RG
MHLP$" @AVQQZ=*5K,#JM(R-*M\_W?ZTD(NTP"@ H Y42R1N?+;"*.01Q^%)H
MM]B1Y5NT"% F!P1QFFA616,:QQ3;P7P,@KUIZ7#U&$E1C#<CH1C%%@&[G"A2
MW':E;R"Y''G'.<=#1;H"'RKLD*H>.J\]L4[ 3$JDT;HP8@X Q^=*UPV(Y&);
M(^\QY'2CI8$&P(^<L<GL:-PW& E8G93D'@9YVTK!J31^6(&W*<G'>GJ+1C%
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M!IFRY&P].A-+Y@1%V,@<G:/YBJV"X8RY^7D=!0O41*[HUOM);=V_PI=1D,:
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MX;<Y>/CY2 #Z4@-S0Y T+0O]T\[3VI;: T9NM1*EQE.(NI'M5:L"H+HM#Y
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MRQ^7':E\QD$D*C]]$O7[N.GT-'D&QF&.:\N-FTQ1Y^8$\46[BOV-2WMUM;0
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MVD#C@T@#),B-E2#G@4 6(L,P48 [^U #YOW()!ZCKZ4 4=Y9,MR1QFF W.5
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M=YR/_P!=+8+EF/S%#+<8?:"2#_2AZ:">I56U+S$H2%'.,_C5,=^A9D\I+1%
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M$9&VE2.&['M3"Y)"29"=Y!ZCWI,%H12!GE+-R2>336@#QN20L<\4@'-M(RG
M)_*@-A'5MRX[#KZTPU$XV\9'6@">S"L0FXD]@: $N9]QV!< >G>DABHL7D'.
M=W:@010+,Q <8"YSBG<!D,2P*S'+,3U-#"PQW\PMP1[4AB*X"G:O([BG81+;
M)OB+E<?A2N H0C"8H @:,*0"V#CD8H8#EPAP23QQ0 FPEAQGC\* )43;M&0!
MCJ:+V "W.>U $<CGA: &KG![T[ *"1SGBE8"2/[S,3P, >M.X6.NT88TFWR,
M?+_6D(O4 % !0!Y[X>S]B9L @2,/QP*0T:RJPE V@C W>E#\ACUOVM4V$$AB
M<J/Y4*ZV'9=3+M;%[BXDO)=J+D[4QS3T6CW)W>FQ?8%8 J@A",'BC<K7H1-N
MSY?"AAR:31/FB!L_(1P.],>HW"_>XW <'TH"PI<D^I!YQTHLV!.[*-CJ,'/7
MUI:A8>CEV)1655 YQ0PL.1V:!1RP[GU-+89$NYC\PW$#C_&JLQ%B:-D15;J0
M3AC1L[C(8P4$9*@[NAZ@>U#NNH+?4?<L%A_<*4VDJ3U!%%F+0B;RUDBC'S87
M<3UZ]OTHNEL%A]RV?EVX(Z#'-(-!88R\Q8 [<$?3ZT:O0+B28#@(N3V##I1J
MM 'PRM!EVV[9  RC]#3OV8;B74C6DS/'M8$#@=*-Q[,+J021A\J@;!QGG-":
M%8K 87:PS@#;GWIW:#1C5WH&/)';VH5E<!2^_P"4#) I):A;R$!9,[E!&."*
M&!&I>1QM7.?N@CM3"Z-6R=7L4'E*6 (( [YX-2+3H9\ZMNV@'<#TQ3L.Z*C/
M);W#2J60-\O'&10TGT$I6>ANA(#90^5.S\;B.N#Z4GW&[]1966WA4#Y0.HSG
M)HL -))*&\Q"5"[@,\@8I:V&V320LMO]H@)\O;@IG!''K5)+8F]BO$9/*6)@
MWR@E<G.*-=POV(-P-PL;MMV+C_>'K19(>I9PD<88?,02-@]/6GY!L,G$6Q'0
ML@E(RI/3FCFT#?89);95EB8L0P.TFE\@U1&L3QLZ;2H(!(]: Z$++\I<Y.!Z
M4[- 222&.W"E6SZ^U39AH2P.GV<[>68 _0_Y---M@6(I0$3)(/&1Z\5+!!D)
M(S+DEE.,'/UIZ-AT$VI*I79DM\I]Z=[;"(]9M1#9B4$ 9'!ZBGT#<Q9+G"-$
MVUF./FST]J0]B6U\MQN8Y&<\]11Z"L22S+-D)\BX P.@[9HMY!:VB%CN#$75
M)@N5(8CD46OT&M-"* JKAFD"#//--6#4LW,RD[A,<%<D_P!ZBWD/78A2Y*N3
M$WS8)+,/7J*5GZ"] $Q$8!&3_>4=O2BP;$K2@PGR]P7&67^[^-,/(1+B%(@W
MG1X;J#R0:3>@<O<D-Y:^;\S2/&@^\. /ZTM>B'9;7(;J\\UHQ;-O&"!_LT]P
M;L5X(',R[N6YP1VIW1)9ABBW,CR <<FE?4=F2V]X1;/;/&&V@E">_O1L]PT9
MF[W=\;0@)!)- /R)(O+A"GACG!!.?I1Z"'&;GE>,X8TPT&O&O.T]^U 69%$X
M$C!B?P%,$7&+H[(7VXQ^-3\BA'C577JQSDT;"L.0L<J,\_,#FDD J*-S9Z#'
M6JU D( !V]/X32U'J(P#<!>0/RH:8MAR"-%._CY?KWHV BEN0(RB'[WWC0-V
M&+%A4R#\PS35Q$X7*@ \GM0F R101]TYSU^M(+D;  G"GYN/6A:@ ()(VGGG
MD_THU[B&/QG()XQDT]1CU&,<=OI2U74 8,I."1DXH>XA8U8,KJ,$<@'OBGZ@
M3^8N#,#C:0&QV-3<=B\R^;;P7*@A_NDGCBCH R3]X/,Y5@,'W]Z0"10K,VV2
M+([<<55WW%9&5=P,NJ0PB,(,YP.E-B]"_MEFB"_>4'(;-&@V%O 8Y<%#E2<B
MC;9@7%?Y"SKWX4_RI/0+F<S$F6=Y&;8<*OIZ4DDGH%W<EM)98Y!YK,TG_/)1
M]T>]-):V"_<JS8\TD'@*,Y'^?2BX$EC L^LJ)G5(D"GG^+T%%[:AKL6M0N89
M]0/RLTBJ L8/)]S1Y!HB.]E2VLX7NL;)3N,6.<],T-J]EN"_ BEO8[F! L3+
M&3NCR,9-&O4+)$T$LD*&SAAS.Z@,^>%&:GE^X=HHI:@NW4I/M,@:3/++T-5<
M5C3MHEN+PS%0W  3Z#I36B"W<Z)I%C'[QU4$8P/6D(S(&)C=%!=?-;:&ZBIZ
MC1B:YN:[E);/[D=O:JL^H&!8D"[BW?=\P9_.FA&O>X5KD$9P#UH8R+PU/]EN
MFF[*.1GK0"-35=0-W*@(VH!P/6@5B+PG'*4N70CJ%.[^E %JX9F.T+D=Z5F,
MK;#Y2<?P\G\335@&D@1L\ARP8=3UI $;$X+$=^#V]Z=A[CR &QG&!R!VI-A8
M0S)$3@Y9.@H] U*P!60>:0.Y&:'HA"K(5.5(VYX]J+ #ON4$CD<\4T BKU'/
M3K0M &LNY/EVB@!B_>(..!CI2>@$JRE%(&.#3"Q,Q22V9U^\I!.>XI!J5)D(
M?<&&#GI1<-10 J[NG:A@('/RG;G!Y-/H ]R-S%QD'T-(+"9505(SGE3Z&F W
M'8L/P[4 *[+@!.,#FA -PRY(R.,T6 5E8*O3ZT6 E#)Y09@<@8I 1)E),JQ%
M# 5BQ3#GOP*!B ^HP33L(=%UYI 6Y+R)8!$D6U@.6I#L@B"RS!<F@1"88TD?
MS6.>PIL+"A(L%BV?:@ 8@$%!C^M Q-I&XGH><T"&,P/"\T 18)(*C..M #TS
MS\I'I0 S!/!!H <AVA@0.10!V&B8.D6Y (^7O]:2$7Z8!0 4 <3X5\K[.8V.
MU7D.TE>3T_PH>@T;$UK*TI\G 5#UQUQ4A>QG/YL5V))8P6!ZFJLP5NQ+;O')
M,Q((;'//0D]O:B[6@[#I\NI0C.!D8Z4M$&A2NY8Y+@1Q#[BX9O>C0+60J1;H
M.3P1FG;H(8V 2/XO2C4:$&]=WR@ Y).:+,+D\6UP(C@!NA(I606(=^(WVR$I
MG;CUINU[@AVXHJCJJT;[ 26\8(9B3M'3FEUV$3-)R' 5AT)-.SV&5"R@;OX1
MSMI=0);B9FLP6);+9W =*=GT BMK8%V#,3P"7QU-&@FR0NS1,=O(&T?2CR'H
M/MFV?>?(/#?6C<6I+&N9V)<9#!0/2DW89#=J77:W!#'YQD<9H!W*1(*E6/'3
M/J,T]D ^4 * #YF%'-'0-MR(EW&!TQ@GTI>HK@-^\Y8D8Q1H.XBDE^1G/!/I
M33"X]Y$?"=@<L/2@"2W_ -9A3@*>".P]*:=A$TDCPGRH\[G(!Q0]06A%++/*
MQ&,NK?>_E4CNBE>+(DA20Y48/6GH*YH:&(I"(Y)A'Y;;@K?Q4F[:,:3>B+SD
M%9&5LA3\N>]-V>P/>P-JEO#$&BB!G=3ENO?H14Z[6!I=2&34=]L(T&'EY<+P
M,_2J#0FDN!90Q/(VZ=E)&1T%+8+%2W59/WLVT,W'-,FQ)<W7E2>6H''#8/M1
MYE6L57O'E497GIQS@=J5@VZ$B73\!1AAR6)IM>0(1;F8DCS,G/.1_*E9!<2(
M,Y*LW3[N>]-V%<L/&K0(I)ZX//%&W0>I61]A8*Q&W(_#-)=T!-%)(T>R0\#E
M33M;85R1$*;92^W'Z&@-67++RA*9I9@$49 SR3FDV%FS+UV7,?G;@V]SP*;8
M&1!$!"7*Y.>X[4"+D0^SE9."A)X/I3!"2--\D2[2@.1MYX]Z+>8]MD+$H".&
M"Y7IWS2 D*.P4%4QL!+;2*>NXM.PR64"$ PJ<8(;)':DTRK+L0RW=NNY?*9&
M8YRIS2LQ:#I9;,2D1W 9 ,J=N"Q]*+^3&E8E?-X5957;@_(O]:I!=["I9!F4
M^2$')#8XXH>FXK=AZP'+@Y SGIP12WU B5E$VR)/GQC:*'=C6FQ:EA<0A@1$
M7&UN,=,4:=05^B$FD18$'DA60[<>O'K20:%?;)+(7.<@9 /;OBGL(LR6BM(I
M"[4==V3T'^31=I: 0);$2!5CR6/X4=!!- RLJM@#/(I_,9-@F0YC 7&>.HJ0
M*%U%@;QC.<D8JM&(!<LX5'.2@P#[>E2E8K<M1OOQ@<XZTPT[$D0'G%B1GC I
M?(+#3E0<!230]0)3&>"6R!WHZ@)-($E) YSBGJ!#U8$G)[XZ4*X#MB$#)&3U
MXZ4!8F,9"C+9!&!STH^0#D4[@=P]LT;#&DC;U/)HV6I(W[.VUOS(H3&(L&>2
M,$]*!"_9R' ))'<>E _43A6!W9&,X[TKVV 1MKDL.A-,!=P!!)Z&D!'L&&8'
MKU /6G8'<T+&Y38+8\H/7U-)W70!&WK*%=> " ?44:@+#*R#*,25.6[X%#=V
M!%K.))(KJ,$\ =.AH5]Q%Z#:NF)($"H1QP/>A7#8K6.79V;[Q.<'BA[A<M7J
M1O&WEAP5/.#S3O=AL9:1R2R,B(<2C(].O6G9]P+ ?[+;3M P)'!)Y+MWI7NK
M!<HS\;VX/(Y'TH ?9>5;:L9;I\)&H*+TR<<?THEYBL.TYXHH;N]N&1I2,@'[
MQYI)\ONH>^I7N=\W^DW1!=E_=Q=@.E$=+C;OKLAUI;*FG?:9WR^0(@#^E.ZB
M[(G7?H27-P-R6L&%8J&FE'7GG^53\6^Q5[;$%Y"BWGEQNS(5'S-UJ]A&]H%N
M#NE!.U3@$]2<4-]1/<U$D&V1S."0.,C 'X4EJBF5;55E1I ZD%B3MZBDA:F-
MK0032,&!W1#GUI@<[I2JVH0AB!\X.3TZT]A&I?L/-N-H&>:3NQ[$?AN+=*Y9
M<J%^8^@IB-"^\K84V;64\?2B[$EJ/\([WM+M%&5)&#[TK7*Z$UQ_H[^6F&=B
M<BBW<-MRNXV1PDIS@\$\46'89PP(*Y/'%"T8@8[(CE0>Q/M2W!KN-#)$C@EB
M<]SBF,B50S[T.<'=]:$Q#VRR@X^;! XYH^8$90F,9^4YP<T:(!=AV'))7'7%
M+<8BDJ,$<U0D#,0.",?2D!'&K/(=H!R>_>CH UL+GKB@0H),8_VNOO0&HK18
M'!Z"C08J,K\OS@<$=Z0"<A23Q3 .IP"%R,]>]# 8Y&/\:-0'X\QB2,'&.* &
MH"H*X_,4 /#D*I;H*+ */GDQ\IS^5 #1\P5=N&!^;CM0@'HH1CEN3WH>P$3[
M >,G-" ;D]?RH$.4E<D]<<"@8B$M*1M;*\4!<L1LT9[=*3&698_,B1B06'ZT
MT)E<#!(/3M0 F1QA>*5@ L5!)Z>G:F!$,MGC\*& *>=N3GM0 ]&&?>@! N,$
M]>: 0@(Z8R3VH ['2,?V5!CIM_K20B[3 * "@#@M%8G2U*##1R./KP/\:'KH
M,O0WUZJD>:P7' J>4JX-=F2(^< Q#9W55VE8-&,3"N7R1A3P!VZT+01.'\LH
M^XK&R'.ZB]@114!L$0[3C)8#KFB[0M+Z$RGRT)VY!XZ\"C5]1A)Y7F1J6&\C
MY@:+B'.V(1&(LACPV?TI+>X:#6$<5L[;068;4SV]:;5P(DRC[2HX'3TI,+W)
M9 %@1QMQR,9JM.@RPB[]J]/EZ?RI72U$+*VTHA&X,"*2'83R([B'.0C@D;6Z
M?G0M_(3\BC+F,^6Q*@D]^*JWD%RRCA8@JC:#PIS2Z#L1W"':&#\'T[&BW<6I
M QF\O]T6!/'UIVZ!=EV,AH5( '&&.<DGUI6T"P32Y@:,\X PWK0,SG=<!LY"
MGIBBP$FTI$&7C<,4:"(]Y5 <8*T, +9RQX(H0#$EP651P10.XFT $?B?<T"U
M)H$9&&T\GDTP5R=")'"G"A2<&DWJ,E"D*P0C!&02>HH$4IX!PP8MG!^IIJP>
MK*[1D*><G/X\4"]"Q:R.0\(R1_"322MJAW9*MOOR^"<COVIIH".&/,Z\E<,>
M<9Q1I8">Y8WU\D4>2>$4^M(3\B]J316EI%#$5\\$;A_=&.GZTF[E6LC+60,A
MWIN (ZGO3O8329(AB9<@;#R,8X/O0%D3",?9R=F>F,=Z;"Q*&ACCW;< <'/2
MIZA8=O'[L*BAB1SB@9'.OERJ-X);./>GIV!;""%G20\<@TU9=!$-O-M<1,0#
MTP>_M2:\AE]XT$._S(V=6VE5YZ4K]$#3(KNV$8A;!Q(2V/8=:=Q)W,*^F%Y<
M,BY"IT&:$#[$RKY97<BD 9Y/3TI^@>HYU=\))T7N.E ,C6$Q!BDLBKZ>M+1B
M^9J:=8$;&E V'! 89R![4WV T_.@0N$CVR'(V]L4A\IFRK'-&W[@(48"GKW"
MR(X4A:1DEC5&/1N*&VA66Y"]G;EMPC4[<CIUYZT[W!Q(9-/Q)NA9U48QM-)I
M,:NA)8[HEU4*2.I+$&ERKH',QL=C,6W/<.H)P,-348WV"\F2I:"&7B1V  SD
MT:/H)7)6;SE"%05WXW,>WK1L-DBJTID4C.3E>:5@'_<DSDE0/O+V-#T'ZEBS
MN$>U>-U\S[S8/!!I)V8B")A_: W;BJ@DXYR,=*KJ%R:YMH_):5L=LY-2GT'9
MLCM(7>:-,J@*G!)X-)L+$=[:M&TD6PD*>#CK5V),>=&BD((QSQGM0!+:S LI
MZ'Z]:5QE['SAEZ9_+FB]PV)#&X$>5R#T]Q1<8R0E !@?,.F>E(!JG+#( (Z^
M]-606'L@4EE=>O2DP!0HQQ@'U[&@"61ASQM XQ0 D;AL9( 4$]/6FD&HF1M.
MTX"#'/>A@-7>&)89Z'%%K!<L8+(I/R#;QS2L(;,1@R+D@].>]&VB&0A6+=A@
M=:8A!GD @8Y&30P$55+*&QS1IU06%X4KCD_I1IT0#3\C$K@''YT;]!EZ"Z#(
MB2XP.C^_?-38& (0AV/ROGT]:8B2>/\ T4Q1J#N.[)[4UN!3GN1;VMO;9/JQ
M':DM]1[%O2'4ET.TCU(S0A%MD'F8;G@\_C3 S[A)T*) IW.NT'T&:+7W"X(6
M>S^R1Q8:(GS6/?GUH28.QGS8:547.UFSM_&F@V+%Y"6U22:[ 5854A?[Q["E
M>PK-E>8;YUCV*\BCH.  >>:+MCV)+W<&-K"I,TN/,/\ =[A12CJ#=D(1BX6/
M:3)& D:]L^III:A<M6,,%GNO;S+[6^YCO1)VV!:[F;J<TE_?FX"M&C8"KTXI
MV?45UT.CTNWAA@1G<_ZH AFXR3S_ $I7[CU+LTD<-H8U4Y9>@YY^M&CV%?NR
MEHZ[6V@,H;.0:-0L9FOA/-D9%VKC /X4-L#G+ A;E3G&#^5,#0N&)29FZ%3B
MCH!)X:NUM99202"A&/6@:MU-C5[NTN+(R6Z_.Q Y'I1=L35A/!YV6,IV9R_!
M]3Z5-@)KF%2')#$D_+[&JOJ%BM/&8HXXVY<#/(I+8"$$RG@ 8YW'BC6XR+?M
MWHJGIS1UN!$!N?!R#_.F BY#@H,'/&*!"[_W3!N>:0#3D1XR1CTHT'J*N4 &
M/O#ZT"!C@D8.,9H&(0 @!Z9&*?H(4 C&WAMV<@4AB2*2"3UW<B@0V)3SG('4
M>] #I@1@@'!_2G89&@Y(!(XZ4@1*!EF#+E?7TI["'($((.#["BX[$<@V$@#C
M'>D((VX)88STHV&2/EBOR?, 1D8YH 8K;DPH/0=J-A#/FW =,>U Q2S(^<?7
MGK0%QQ(8AL%2?QH!C& W$XZTQ"%!N'84 /CP5<Y]*0Q\;?O"J@@GKGFD!*BK
MOP1@$\FF!:9<1,57Y0>I[TK@4I"&D^2GJ(#NVKC@@T=!C"Q9MO0'M20"DX4@
M$X)]*8$:@@\\F@0$<8[CI0 H.6 ]*!DBH"=P8B@1UFBX_LF# QP?YTD!?I@%
M !0!B6VFK#'M\Y9CNR6Z=?\ ]5#:Z#2\BE+!*I8HF .*74=[% .IF"R$#'3Z
MT]0W);>4!V+8.21CZTK,+$S2I=R+'.WE1H<QJ!P_/>C5:A:^B"+;.66,EHU'
M)P.:.UA-I$3.JR;%;*+U(%5J/78AFD3("Q[CR 6[4HW#02*=MJ*S[E'R\GE?
M>E8"1PI\U!< $$;?3FCJ'O$S(P8')/!4?+UI["V($D0,T:'(7(;/K2W&RZT;
M+&"B?,U4UY@4Q(X91(F/F/?D4FGW#0FE^X A.&[>]#3Z@5YP3)&)0#CO36P#
MH4VQH^YB2VW;Z"A:"OJ2OR-H4DCKFELQZ#42-4*N^SJ.G?M2OJ(:)450,D#/
M'%#L4$Z%FV!_E52<YQ3T%=E.5=N.0,=<4Q#XP&ZCG'&:708V79M!S0KA88Y)
M7"':#R:!$<2;4!/5L8Q3"Q9CCW=R#C./6E9L-BS(C1J"HYH0]B/;L4>K'F@
M\UE;9QCGD>E#3[!<<RH8,H&Y/3MBGJ"9"UNTAZ<YXQW%&PF-: P6X^63S=V2
M>V.U%KALQ]BS.=C?=[CK[T68%EHFAPY(7;T)[T/3092$S)))<+C=D@8'%(1!
M'F>5B[DKW..M,&VRW%"A^4CYCQSVH;MH!(8,$8.1U.*0$RQ_(%0\?Q>U"=P(
M9"6&<<9^[^ YI=1[$\I!MHMJ\@YR!TYIII[BV(Y2'16V_,"6.*/(=RVDH*$8
M7;MST[XH3OJ+0KI LTJ$A5+J-OO0W8>B+5QIBVL#9F4.SX&?2F))W,._O9 Y
M3S/,QPO/)%*Q3D,CB*HH/+,!^=,BQ)_$B/D=>3VH>B'N3IC9O)&TG&,T@&O&
MJJJ_,"#\QZT]+;#U-*PN2K+&)-Q1P5'<C%3OI8.A-=())6D#=<[?K3ZV8BJ"
M6<,0>3S@<$U2T ;+*J/LDC)(/4"IUZ#TZCHCO&-FPD\GM1L+0D:%EC(.[(/&
M.HIW A898]<L,\TKOH _ 0$(3SP<\@&D.PL2F)G++PP  ^E-AN-BM 6;> !S
MTI+75"%G5K>(K@#<NW(YXZU26HR-3&N$#')&6'I4=0L16\A16(VC#=&'-5;4
M.I-8HKW7+!=ZG%" O3118W(@9B@XSD$TFA):D#3QA02@B=%P<'/%/4;78C:1
MS(V9&<,"RCM]:2WN/4S)4#C<,YQ3U0BBX=&R <CKZ$4$EV";?@Q_+QSZ&BY1
M;+D?+\Q../:D S')&W.!3N(8<@C/8&A^H]12V% V]1CKVH?J+H+%(JC;CT')
MH;&)D')!9B?4]*+@390*!C!]?6INP%'(QQR<CG--!L3,'7/RX4]?44!860DJ
M/ES@<$4*U[(&0E<X;H.H'H*+B$#J#D9+;3P:+C$D8MV'- AB\DD'BG<=QS-@
M'';CFA-"(@?WF"O%+0!\9,9(4<8Y[YH: EBG9+;R) "N3R.W^31U'=%RRE#Q
M@'YG]_3U%*]G8-S,U$>5/(W'J*HDGT=RNFRJG!=N<4NHR_&P&P]'(PV:; BN
MO-5O*Y)8X1L]N]%NR'<8Y\G]Z2P@.0I_O'WHLM["NRC\OVV+T# G IZL&01R
M2/J$TT[9P2$!Z9[5/+96#<DLQMN?F#.S_,[>E-=D'74ORRQ6J3L%)O)7^4-S
MM7W]Z6_NH5K:CH@EE:H&0S3SXD+=0HIZ[+8?G(EBB,Q0R1,Y1B$0]"V:25M;
M"O=&=J9>+4#'+M,@(^[T^E-:*R&:=G')?-EV"6R$!QGJ?:AZ/4=^B-*]G98W
M2%HE"C'7GWI)BL^B*FEQM(S NI'9AS5#U,K7"SRN2P8! ,CC)I6L)G-0':P]
M<TQ&FX!0@]-I'2@9'HJ9:0C/3%-"+LBX1EQCG(XI:@:OA!T%BZ_/N5SD?P@=
MOQZTD.Q;O,+$[X.T'J>N:+M@4&E,RQ"7A=A /?K0MK 1 Q 98,%"_K3L[Z 5
M"5&YAD@C\J6K 8LF3U&!T IW 9NP_&?:D!-P<X&5S3=P(VP21DCCM2U 7:
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MJ R3;E,+E"!@_A3T0F6A;A4CRG!Y Q1</(#$L@$BJ,C(XZ#!I -98T)C5_F
MW9]!3;Z!J.E8J<*-X !SCJ*25V,A> *Q\I=O?/K3Z(5K;%:\E5[9%E&'QG I
M+?093C13\G"JQJA6+ZV<<$ "<G../2A.X<I)Y161RGRDXZ\]J6K'H-,+1Q*'
MP<<YH3L"O<@,[RE@OW2.3T-"T!L=%;E0I=L]!P:?H+S)MDA'E;#P,]/RI+R
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MC45RW!\C%Y V$("'WS4M,-UJ/N49I /-#8.%QUHLN@[E)E/F@/T(Y)/4U5A
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M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M F.<]Z %H * "@ H * "@ H * "@ H * "@#"\'_ /(O1?[[?SH W* %H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * $H 6@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H P?!V[_A'X
M\C W-@^O- &[0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0!C^%4">'+7'?<?\ QXT ;% !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % "4 0-?6B$A[F%2#@@N!@TN9%<DNQ,K*ZAE(
M*D9!'0TR1LL\, !FE2,'H68#-)NPTF]AD5[:S.$BN8G8]%5P31=!9HFIB%H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * ,?PIG_A'+7(Q][_T
M(T ;% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M"8H P_$]A:MI4MR8E65""' P3DC.?SJN9O1BM;4S_#VJO9S_ -F7Q*C_ )9L
MW&WO@^QJ&N4K<ZB>"*>(I,BNI[,,U2;6PK&/X6MXAI@E$:>89&&[;SU]:+NU
MA61N4ABT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % &7X;B\G
M0;:/<&V[N1W^8T:= -2@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H RO$W_( N?\ @/\ Z$* *NO:.+^R2: ?Z1&HQC^,>GUJ
MEKHQ;#?#>LFYC^Q7)Q<1CY2?XQ_C4;:,IZZECPL<Z,.?^6C_ ,Z8C9H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!D2A(PH14']U>@IMW
M?2 * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@#
M*\3MC0+GWV_^A"@#0M_^/>+_ '!_*@#G?$>DM$_]IV65=3F0+V_VA_6J^+0+
MV+WA3_D!J?\ IHW\ZD#:H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * $H IW>E6=[)ON8S(1T!=L#Z#/%"TUL&H^TL8+)2L 8*?X2Y('TSTH
MT[!KU+!4$$$ @]C0!%:6D-E!Y,"[4W%L9Z9IMW GI % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 0W-Q':6[SS'"(,DTF[ 2@@@$=#3
M6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* %H *
M "@ H * "@ H * "@ H * "@ H * &NZ1J6=@H'<G I-I:L$K["]:8"T % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % &)XLG$6C-'GF5POX=?Z4 7-$N/M6CVTI.3LVGZCC^E %
M^@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* %H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * &21)*NV1%=?1AD4TVG= . P,#BD M !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % "4 <MXJ/VJY6%3Q;0M*WXD 4(&3^#K@-936^<^6^X?0C
M_$&@9T5 A: "@ H * "@ H * "@ H * "@!* "@!: $H 6@ H * "@ H * *
MNFW/VRPCN>T@SR*$!:H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * $H Y6X/VB+7;SJ"RPJ?8$ _TH I>%)S%K'EG[LR%?Q'(
M_K0!V] "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 9OA
MQ=GA^S'K'G\^: -.@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H @O)A;6DTY_Y9H6Y]A0!@+ 8O!#[AAY%\QCZY8<_EBAZ <U
M87!MK^&?.-C@GZ9Y_2@#TH<CCI0 M !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % "4 % %/1EV:+9*1@B!,C_@(H NT % !0 4 % !0 E !0 4 %
M !G% !F@ H 6@ H * "@ H * "@ H * "@ H * "@ H * $S0 9H * %H *
M"@!* #- !0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 F: "@!: "
M@ H * "@ H * "@ H * "@ H * "@ H 2@ S0 9H ,T +0 4 % !0 4 % !0
M 4 % !0 F<4 % "T % "4 % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 &: "@!: "@#'\3NW]E
MBWC^_<2+&!Z\Y_I0!)K<:Q^'IXU&%1 !] 10P//^_ S0!Z/H]Q]ITFWEZDH
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MI(_<CH?<TK)E*32T9T6A?\@2T^8MF,')IDWON7Z $H 6@ H * $H * %H *
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M_P#D W7^Z/YBF!@^#/\ D)7'_7+^M '94 % !0 AXH \^G8ZYXB(4G;+)L7
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M_P" /W>YL:?JEIJ2,UK+NV_>4C!%-2OH]!-6+@YJA"T % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E &;KVGB_TUU S+
M'\Z>Y';\:: XI#=:>L-W;S,@D'#)T)!Y!]_8TFD]P3:-W3O%N-L>H1_]M8_Z
MBHM)>?\ 7]=BO=9TMM=0740EMY5E0_Q*<U2:8FK&5I/^DZWJ5YV5A A^G7^0
MIB+/B#C0KK_='\Q0!YV#R: .@\'W/EZDT)/$J<?4<_XT =9>:A:V,>^YF5!V
M!/)^@I-V&D94E_J.H(S6<8LK4#)N)NN/4"GRO[3M^87734Y6<)<W^V%Y)V+;
M1))R7;U]A0K=%83\SO\ 3[-+&QBMTYV#D^I[FA@6: %H * "@ H * "@!* "
M@ H 6@ H * "@ H 2@ H K6EIY%G;P[OFAC5-P[X&* +- "T % !0 4 % "4
M <!XJ'_$_N"?1?P^44 =;IVH62:9:HUY &$* @R#(X'O2N/E?8LG4K$=;RW_
M ._J_P"-%Q\LNQEZOXCM+:VD2TF$UP1A=G(4^I-3>^R"UMSG?#MFUUK$/7;"
M?-<CMCI^M:6ZD;G5^(;Y['2G>(XE<[$/H3W_ "!J6KZ%+0YG0-&;4Y7EE<K"
MAPQ'5R?K_GFJ5HHEW9T?_".:?T D'']^JYEV_/\ S)Y;=3DM<TUM,O1%OWHR
M[D;&#_\ K_QJ78I:'::#<27>BVTTIRY4@GUP2,_I4K0;.1\4C_B?7//9!_XZ
M*8%G2O#\^IV_VV6X\L2L3DKN9O<_C5))+4EW;-S0]".E2S2R2K*[@*I"XP._
MZX_*D[6T&K]3F-;OY-5U8QQY>)7\N) >"<XS^-2D4WI9&]9>%+=8!]LD=Y3U
M"-M4?2M+I=#)Q<NMC/\ $/AY+*U^TVK,T2\.C')&>^:3LRDK%_PA?R36\MG,
MV3" 8SWVGM^']:BUF6S/\6:D\UV;&)L11<R<_>;T_"E:["]D6])\,(ULDM\S
M;F&1&AP%^M:W2\R-62ZEX7@:!GLBZR 9$;-E6]O:E=,$K=3)\,:E)97ZVDC'
MR)VV[3_ _;]>*AJS+O<Z;Q$#_8-T!_='\Q3$8/@O_D(W)Q_RR'\Z .RH * "
M@#*\27GV/1IF4X>3]VOU/_ULTF-&#X-LQ)>2W9^["NU?]X__ %OYU701L^*;
M3[3H[R*N7@.\8ZX[_IS^%"$S'\'7HBO9;-B<3+N3_>'7]/Y5(]SL:8"T % &
M9K]ZUCI4LL9Q(V$0^A/?^=)JXT<KX?T?^U+B1YG80QD;B.K,>V:I61+NSI1X
M:TOC,#''K(W^-%_(GE??\CE->THZ9>*BNSQ2#*,>H]OK0[="EH=GHMPUWH]M
M-)RY3#'U(XS^E2M!G&7IEU?Q$T;R$!Y3&A;^!0?2A60W?H=2GAG3%AV&)V;&
M-Y<Y^OI5<R70CE?<Y[Q!H2Z?+$UL7>.4D;3R5(JDN;9#U6YU'AZ:>;1XOM*N
MLJ?(2X(+ =#S[5%G'1CNGJC3H * ,?Q+J+:?IQ\IL3R_*A';U/\ GUI,:.<\
M/Z(=39Y9F*P(<$@_,Q],U2LB7=F_-X7T]X"D8DC;'#;R>?>GS"46NIQEY:R6
M=W);R##1'''0CU'UI/0JYWN@#&A68_Z9BD!R_B;47OM1:UC8F&%M@0?Q/_G(
MI)78V[(V=,\,V\,"M=EI)3@E0Q"K[5=TMB+7(M7\,1/ \MCN60#/EDY#?3WH
MNGH%FBCX4U-[>Z%A*W[F7.S)^ZWI^-1:VQ9J^+KF2#2ECB8J9GV,1_=P2:+
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MI#%H * $H 6@ H * "@!* "@!: "@ H * "@ H 2@ H 1%"*%'0# H =0 4
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M OT >?7@/_"4/@];KC_OJ@#T&@!: "@ H * "@ H * "@ H * "@ H * "@
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MCLCD T^;NA..VI=M+"VLE*VT"1@]<#D_4TFVQV)\4AE2+2;&&8316L:R Y#
M4W)M6_0A02=_U9< Q2+&311SQ-'*@=&&"IZ&@""VTVSLY#);6Z1,1@E?2FY-
M[DJ*7_#DMQ:PW47EW$:R)G.UNF:2=AM70R.PM8K=K>."-86.63'!IW=[B44E
M8J?\(]I>_=]E4?[(8X_*GS/^D'+KN7H+6"V39;Q)$OHJXJ6VQI6V)10,",T
M4)M$TZ=BTEI%N/=1M/Z57,R>5"0Z'IL#!DM4+ YRWS?SHYF'*:&,5)04 0W%
MK!=)LN(DD7T89Q33:V$U<J1Z%ID3%ELXR3_>R1^1I\S_ *0G&Y<DM8)55988
MW"_=#*#CZ4DVMF4/BB2&,1Q(J(.BJ, 4MP'T % $,]M#<@">)) #D!USBFFU
ML Z""&W39!$D:YSA% &:0$<]E;7#AY[>*1@,9= >*:;0K$T:+&@1%"JHP .@
MI#%H KFPM&E\TVL)DSNW;!G/KFG=BL6*0Q: "@ H * "@ H * "@ H * "@
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M+7#3[065DENK;@F<'&.IS1Z 6: "@ H * "@!* "@!L;K(NY#D4 /H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M "@ H 2@ H 6@ H * $H ,T % "T )0 9H * %H * $H * %H 2@ H 6@!*
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M]WN;&FZQ9ZFI^SN0XY,;##"DI=&#1?!S5"%H * "@ H * "@ H * "@ H *
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M@ S0 9H Y;QL3Y=HH)VG>2 >O2D%[%_PF5&A)CKO;/US3 VLT % "T )GF@
M'- "T )0!YUY2SZ^(7SLDN-IY[%\4P:.N/AG3#C]TXP,?ZPT^;R,^1]_R_R(
MY?"M@P/EM+&>,?-NQ^=',NQ5FE9/^OP.<UK0Y=,^<,9(&. X'3V-#2>PT[&Y
MX4U9[N)K.X;=+",JQ/++TY^G'YU"5M"M]3HA3$&<4 &: #- !0 9Q0 9H ,T
M &: #- !F@ S0!A>+^=(C_Z[#^1H B\&?\@V?CGSO3V% '14 +0!2U338]3M
MUAE=T57#@KUSS_C0A._0RQX1L@"/M%Q]<K_A3NNPK,<?"ECM(\ZX]CN''Z4^
M9+H.S.4U"&"*^DAM)'F13M#''S'VQ4K78+-;G9^'=+;3;$^:?WTI#..R^@IO
MR&:DDB1(7D944<EF. *EM($KG+:YXE$J-:Z:20PP\V,<>@_QJ?BWV'HO4P-*
M &L60_Z;IW_VA5B/2J (KJ;[/:RSD9$:%\>N!F@#@+.WGUS6-LKDO(2TC_W5
M_P \"G%) V=G'H6FI#Y9M488P2>2?QI\S)Y3D_$&E?V7>1M"S;)/F1B>5([?
MRI.S12T.OT2\:^TF&>3_ %A!5O<@XS4K16&R]3$<3=_\37Q?Y7+1B0)C_97K
M_6A#.VH$8VK>(;:Q!CA(GN.RJ>%^IJ+\VQ5K;G%W4TUU.T]RY:1SR<]/852C
MRDN5SN?#/_(OVW_ O_0C3 U#0!P'B"^?4=4=%W-%$WEQJ#U.<$_B?Z4DM1WL
MCHM*\-V]M"K70\Z8C)!/RK[5=TMC/EON,UKP[!+;O/:+Y<JKDH"</CM]:+WW
M&HI;%'PCJ;B;^SYF+*PW19[$#D?E_*L[69>Z-OQ#>O8Z5))$2)'/EH?0GO\
MEFFT".7\/:0-2N9'G+B&,?-@X+,>V:I61+U.K?1-.>$1?944 $*5X(S[T^=A
M8XN]AFT;6&$,A\R(AD<=P?7^7YU+LQIV/0+687%K%.HP)$#@>@(S20$M, H
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MXAU, H * "@ H * "@ H * "@ H * "@ H * "@ H :O?ZT .H * "@ H *
M"@ H IZM;?;-*N8,$EHSM ]1R/UQ0!Q_A.X,.N+'_#,C+S^?]* .[H X'6';
M4O$DD:'@R"%?;L?US0@9L^+[8+8VLR841-Y> .Q'_P!:@18\)77G:4T!;+0.
M1CT!Y']?RH&7M=N/LVBW3C&2FT9]^/ZT <SX.MO,U*2<CB&/CV)X_D#0([6@
M9SVO^(6L9C:6B@S 9=V'"?\ UZ5FQZ(QT?7KY?-66[*'H8QM!_+%-4N_XO\
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M#DD5:YP.JW7]JZS));HQ#82,8Y/:JC=[B=CO;.$V]E! 3DQQJF?H,4 34 %
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MV64D3V_R[6X.WM_A^%2]'9E;JYMB@0M !0 4 % !0 4 % !0 4 % !0 4 %
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M4BFM!/4]"50    !T I#.:\:6RFUM[D ;U?9G'4$$_T_6@";P9DZ/(/2<_\
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M.W>I=UHAJS.]MIXKFW2>!@\;C*D4EJ!+3 * "@ H * "@ H * "@ H * "@
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M:I*.\UHE=&O"/^>3?RH Y;P8<ZS+T_U!_P#0EH [:@#G_&AQI,/O./\ T%J
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M S.PY^M(9J#P=>X_U]M^;?X5=H?TO^" /X.O0/EFML_5A_2E[O1BNQI\(WZ
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M([!T_J#3]T5F7=.\,6MFZRW#?:)%Y&5PH_"CFML%K[G-VF;SQ/&Z#(>Y\S\
MVXU)1WTL\4"[II$C7U9@!2<DM!I-["0SQ7";X)5D3IN0Y%"=T%K#\4Q'+>,[
M6,)!=@ 2$[&_VN,C^OYT[Z 6_!LC-I#HQ)5)2%]@0#_4T@-^@!: "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@#.UVW%SH]RG=4WCZCF@3/.NC#')H&=_X@F"Z"ZQYS-M1,=\__6S0!I6T
M(M[:*%>D:!1^ Q0!+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4
M +0 4 )0 M !0 4 % !0 4 % !0!@^+[?S=*64+DPR Y] >/YXI@<;+<R2V]
MO;G[D ;;^)R:FP7T/1-*MOL>EVUOC!1!N'OU/ZYI@6Z .*\86OE:FEP,XF3K
MZ$<?RQ0!6TG=J?B.*:;)+/YC<>@S_0"A: V=]0!!>J[6-PL6?,,;!<=<X.*
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M ]8W*Y'?%,#LKR3[7JND6Q)''VAP!Z#C]<TNH&[0 M !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 5[ZW%W936
MYQ^\0J,]CV-" YJW\)W"744DTL#1JX+J">0.HZ5;Y>C_   ZP5 "T 96OZ4^
MJ6T:0F-94;(+YQ@CGI^%-6Z@5M T.73+B6:=XV)7:NPDX[GJ/84:=!&[2&&*
M .7U?PLTT[36+JN\DO&QP!GTJM'N2[KI<H1^'M94-"A*19Z>?A3^ J?9P;N[
M7'SS2TN:6F>$XX7$M^XE8=(U^[^)ZFJNEL+5[D-IX8O++4X;F*>(I')GJ02O
MITZXH:B^H[F]K%G)?Z7-;1,JN^W!;IP0?Z5(RCX<TBXTHW/GO&WF[=H0DXQG
MV]Z;$C;I#,;Q%I-QJHMUMWC7R]V[>3WQ[>U->8%K1+*33M+CMI2I=2Q)7IR<
MT@+] '/ZYX<6^E:YM6$<Q'S*>C?_ %ZI-/<EW6QCQ>'-8A<K$=BL,$K/@?I2
ME3A+=ICYY);/^OF7M/\ ".)#)J$@8=HXR>?J>M/W4%V]1+GPG.+]Y[*:&--X
M>-3D;>_IZT_=:W!*QT=];M=:?/;@@-)&5!/0$BHL,Q] T"YTN_>>:2)D:(H
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MI]04I+:Y9L/"$I?-Y*B1C^&,Y)_$BEHA)MG600QV\*0PH$C08 ':I>I0YE#
MA@"",$'H: .7U+PDK,7L7 S_ ,LG/'X&KNGY$ZHS_P#A%=2+%2L>WU,G'Y46
M7=!S2L;.E^%X;5EENG$TBG*J.%7\.YHNH_"%KG0 8%04+0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M "4 <'XKM_(UJ1@.)4#@?H?Y4 =!I!%UKM[<Y)6&-(4XX'&6_4?K0#-R@!:
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * $H * %H * $H ,4 % !0 4 % "T )0 M !0 E !B@ H
M 6@ H * "@ H * $H ,4 9^KZF-*MTF:$R*S;.#C!P3_ $-)WZ#5NIRVM^(6
MU.W%M%"88LY8ELEO:DDWN#LMCH?#.G-8:8&E7$TQWL".@[#_ #ZU;)-FD,*
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 5=0T^#4;<0W"DH&#
M#!P0?\FFG83*=IX=TZTD$BPF1P<@R'.*;EV5A.*>YJCBI*%H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * ,SQ%;_ &C1+@  LB[Q[8Y/Z9H0%NQ01V%NB]%C4?I0!8H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 9&&"88Y([XZ
MT /H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@!DL:RQM&XRC@JP]0: %11&BHHPJC H =0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % "4 8\VOQ&Y>WLK::[D3AC&/E!^M)<TOA6
M@]%NQLOB*&(^6]K/'<$@".1=N<GUH]Y630:=S:%,0M !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 E !0 M !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % $-VKM:S+$2)"A"D=CCBEZ@<GX:U>
MWL5DM+M3$7?<)#ZXQ@^G_P!>B3:TZ#2OL;VL6(O[2-H5#2HZLA!ZC(SS]*:=
MT2U9ZFF.E Q: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M2@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@!",D'TH !0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % #6*J"S$  9))Z4@,?5-!M=30S0L(YGP=Z\AOK5J2ZBLT]#"ANM1\.
M72P3Y> \[#R"/53VJ)0M[R*4KZ,[."1)H$EC.4=0RGU!%"V$24P"@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H * "@ H * "@
MH * "@!* %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * *NI?\@VZ_P"N+_R- &%H
MFO0V]C';7Y:)D ".5.&7M4M2B]4-6EL-UR]@UA8;+3P;B7?G> 0%&".M5&\O
M0)+EW.BLX?L]G#!G/EH$SZX&*!$] !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 (* %H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * &NH=2K $$8(/>@!AMXFC$;1H4 P%*@@4TVMF*R>XL<
M,<2XBC2,>BJ!0VWN"BD[I#P,"D,6@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H 2@ H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@!* "@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H 2@!K2HA^9L4 -$\9Z,*+@/##UH =0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % $<CA5- &8Y>ZG$:$^Y]!0!-<6#(H:V)W#^$G
MK1H%RHE[*,J?E*\$-UI/3<9N4Q!0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4
M % !0 M !0 4 -8@#DXH SKN<L=B<D\"@"W:6_D18/+G[QH GQ0!#-:0S-ND
M0%O44TP)Z0!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "$T )N.: #- "T % "B@!:
C$)Q0!4NIF084#/O0!!I\?F3-,YR5X I] -*D M "$XH _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>conformednewexitdatea_image3.jpg
<TEXT>
begin 644 conformednewexitdatea_image3.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M P$  A$#$0 _ .P0Y% #Z "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H *
M "@ H * "@ H * $H 0* V1QF@#C?%P_XF"_[M '/;30!Z=$U(9-3$+0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 E &9J&D6M_
M/OG#Y P-IQ5)I=!-7ZE,^&=/])?^^O\ ZU/F79?C_F*S[FQ%BLRR>F(6@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * (V^]0!&1
MS0 V$]*!EF@0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 1L/FH ;0!0TB;[1;B3& :!FI0(6@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * &-]Z@!M &3X9'_$JC()(QU-# VJ
M%H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!IZ
MT ,H S?#>/[(BQQQ0!KT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 -/6@!AZT 9GAG_ ) T1QCCI0!L4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 -/WJ &T 9?AC_ ) L
M7TH V* "@ H * "@ H * "@!* %H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H :?O4 -/6@#.\.Q/#I,2.I!'J,4VK,$:M( H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@!IZT -_"@!8R2O)H ?0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % %>[NX+*W,UQ($0<<]2?04F[ D<W<>,&+X
MM+9<9^](>?R'^-)<S*]U%3_A*M1&"1"2.HV]?UI*#75_A_D%UV+,/C&7($]H
MAYY*-CCZ&BTN_P#7]>0>Z=#I^HVVHP>9;ODC[RG@K]133[B:L7:H04 % !0
M4 % !0 4 % !0 4 % !0 4 % !0!'/)Y4$DF,[%+8]<"@#F/^$N<-AK9!_P*
MIM+N5>'F;>C:@=2LC<&,(=Q7 .?\]::OU$[=#0IB"@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * ,#5/$?]GWSVWV??MQSG'49I:]"O=ZE3_A,1CBT
M_#?2]X/=#_A,><?8L?\ ;3_ZU/W@]TDC\8VY_P!;:2J?]D@_X4GS=A>[W-+3
M=<LM1PD;E)3_ ,LWX/X>M"?1H+=4:E4(Q=5UY=,N1"T)<E<Y!J=>@U;J,TSQ
M$FHWBVZV[(6!.2?04U?J#MT-VF(* "@ H * "@ H * "@ H * "@"K>WUM8Q
M;[F4(.P[GZ"I;2&DV6:H0M !0 4 <_>^*8+.ZD@:W=BC%<AASBI][L5:/<@'
MC* ]+23_ +Z%*\^R^_\ X 6CW_#_ ((H\80X)^QR9[?..:/?[?C_ , +0[_A
M_P $D3Q=9&,%X)U;N  <?K33EU0-+N:FGZI9ZBI^S2@L!DH>&'X4)B:L7JH0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!7N[R
MWLH3+<RK&OOW^GK4N20TKDL;K)&LB'*L 0?8U0BMJ5\NG69N'C:0 @;5ZTG?
MH-6ZF-_PF%M_SZR_F*B]3LOO_P" .T>_X?\ !.BC;?&K@$;@#@]:T)'T % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 T]: &GK0 1?=H&24""@ H * "@ H * "@ H * "@
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M]?6DAG.^,&/]I(. !&*%N!7\)Y_MR+/38W\J8CO:!A0 4 % !0 4 % !0 4
M% !0!EZ_>S6&GB6WP'+A<D=!@_X4FKC6AP[SRW%QOF=I&)QECG-.*2V$W<],
MH * "@ H \ZUMF_MFZ' _>'^= #-.T^?4976! 2B@D$@=Z:)9;D\.:DHSY&>
M>@8'^M.P-V*-WIUS9,!<1/&#R,C^O2BU@33(K>XGM+E9H6,;KR#4M)[E)V/1
M=-O%O["*Y4;=XY'H>XH MT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % &?K5Y)8Z9)/" 7! &>V34N_0:L<!=7<]W*9+B1I&]6[?X4
MXQ4=@;;/2K< 6T0 P @X_"F)%'7X)9]*>.!"[[@< 9/6A*[L!QQT;4AG_0Y?
MP4U?LWY?>A7/08UV1(F<[0!S4#'T % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 AZT ,/6@
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MIE&3&3GCU![T*^S"W8TIW,5O)(!DHI8#UP*H1RC>,9U)!LX_^^S46GW7W?\
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M-/HP9H50C(U?7K;2_P!V1YLYZ1J<8^I[5-W>R';JSGI/%^HL3LBMT'88)/\
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M%DSJ2/XA5(70]4I#"@ H * /.-;++K5U@_\ +5N/QH0,ALK"YOF=8(BS1C)
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M)3##ZY% 'GK??//N*8'8:\['PM9$?Q;-W_?!_K4@<>.&!/(!R:8CI5\87 4
M646.@PQ%9VJ=U]W_  2[Q[$-YXHN+RSEMWM(U61=I.XDBFE/JU]W_!"\>Q@$
M'=6A!Z-ICE_#]NS')$ !/T&*0SSN;'F$8YSUH [3P9$JZ2\F/F>4Y/J !_\
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M0!P'BD#^W)_^ _R% V3>$%QK!/\ TS;^E,D[FD,* "@ H XGQAC^U%_ZYBA
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M H * "@ H * "@ H * "@ H * "@ H * "@!* "@#.\/_P#(#M.O^K% &E0
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@#C?%ZDZE'C'^J'\S0@(O"61K _ZYD4P.WI
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 E "T 9^AY_L6USU\L4 :% !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0!4N-/M+J3?/ LC 8R?3_)JE)K8EQ3W$M]-L[67S8+=8WQC(
MSTH<FU9_D-*Q<J1A0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0!!:6XM;9(58L$&,GO0!/0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "#I0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 @Z4
M+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % "#I0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * &I]V@!U !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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MF4$]2E-K0Z[0-4.IV1,@ FC(5\=_0_C4J_4;[HUJH04 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!3TN5IK"*5OXES0!<H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % %'1AC2+8?[ H8%Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@"EI'_ "";;_<'6@"[0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M+@G/5/\ T$4 =[0 M "4 ><:BDS:W.L>[S&N&"X/.=W&*!&I_9OB3 _>7/\
MX%#_ !JO9Q[K\?\ (=W_ $A/[/\ $V?]9<_^!(_QI<D>Z_KY!S?U89I^BZI#
MJMM-+;R864,[%P>_)ZT^6R)YE>WZ&MXR_P"0? ,X_>_T-243^$O^0$O_ %T;
M^= &W0 4 <OXU_U5F!_>;^0H L^#P!I#]/\ 7-_(4PT-TJ&4JP!!Z@TDVA-)
MZ,S]2T>UOK9T\E$EQ\CJ,$'M5<[>C8))+0Y+P[=/::S"H^[,?+8>N>_YU#0T
M=_3 * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * $H 6@ H * "@ H * "@ H * "@"
MEI'_ "";;_KF* +M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M[!:VYA>&;1[C64DQF.#YV)]<8'Z\_A6@CNZ0!0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % %'1_^0/:_]<Q0P+U !0 4 % !0 4
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"GI2[-+MU)SA *
M&!<H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH 2@!: $H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * $H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * $H 6@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * $H 6@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * &1NLB!E.10 ^@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * ,W093-I$$A
MZLN: -*@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * ,SPZ -!M/=,T := !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MX=&=!L\CHG% &I0 4 % $;#=P&(VL,X_E0T-:$E A@.6((^[W/\ 2@8^@04
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M%'R>@X(JKM[@D<TJKT/;G-(0WC<0O.*!BJ0"0QZG\Z8'3:1-)%9)$?GCFR%
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MZ8@H K743SQB-6"J2-_!Y7N!]:30:K8L4)6T 6F 4 % !0 UF"*68A0!DD\
M4 1&X0*&7+@D8V<]>A^G/6ETN.W<F!IB%H * ,O21:N))K<,CR.^Y6?.#N.<
M#I_D5*=^FH6MU-(D*"2< =35 0+F:;=D-"H&WCJ?7/IC^M9OWGKL/8LUH(*
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MMC]ERN[]WD8([4)*]D%VT<^6.,<TB05=S=,8Z4 /5=C$#&?84#)9</"I#'-
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MY1H2CG=USTH9)(^4.< $C) IB%P" ",9H&/ &W@# Z4>@( W&W!'//%%ABJ
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M7=D^I[4U?J*QE>&E*:TX!^7RSG\Q2ET"QUU,04 % !0 4 % !0 4 % !0 4
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MO;V%8N33?E?\D5HS>4!5 ' %7!6BD2.JP(A$JN[#=E\9Y/ICCTI<JO<"0 *
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M5&N:/J_R-5_#9?K4R&%%YXP3U(XI65[@,B@BAW>5&J%CEB!R3UY_.F!-0 4
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M='2@DVS,Z; 5)QGGI0A,YW16_P"*@QVV-C]*4M&O49U5,04 % !0 4 % !0
M4 % !0 4 % !0 4 9N@?\@.T/K&* -&@"HL+O"I\Z19,#G/]*S4=6W??N4WV
M'J\L,0\[]X1U=5Q^8[4+F6FX63+-:$A0 4 % !0 4 5T:3?(Q *?P@#!..O4
M_P"<4G;= 2LZHN6./K36HTNQ#+,\6&\IF3.#C&0.Y/MC\:G7H+38L @C(Z4T
MU)70%*Y&=3M=APX#$_[M95-XV[FL?@=R]6QD% !0 4 % !0 4 -8$J0#@^M
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MOV"US!U62&X&^(88DY'MV-%[@U8RB<<' !_2@FXJC*KAN>,DT 2D':O(&>M
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M4,&'4%8@$ G/TH#9FVML&@R<;<9 STH&KB/('9+:U4ER02<\+[THZCT2+AQ
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M/4#L<4P!CNPJYW< 8'2E<8UVSM '/J:!,:!D;!SS3#H*@8,2%R5/?M1:P(F
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MSU^E/;85V4M7MPELJ[F*J2>?I0*^IF^&I4.M2(!NQ$<-Z<BH?09UU4(* "@
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M"D\\9]?:E\@%\HH!N^;:<@'O3M80YXW\O?T!'2A($.V^5%N+@%N,"D-$>Y@
M6;[I_ BFU8-220%2"IW(3P#1Z:"N["*I=EP1&PSC-*^FH_0E"F..-4))=LN<
M?I0UW#S)3<R1!8XQNFR1DCG'KFE;HGH%UNS OX7MYR<Y.>2.]-^1)5WY;J1G
MU% $BAEQD]: %#;#R.O)S0 J Y)!PI]Z )%SG@T: "Y8G)[YHL X ;MN3^-,
M!XC9D+%?N]<BFDP(6!ZG//2E8!RY SCDB@8^ ?O5!PI)QS0]-P1KI!/Y2G>0
MC@YV\9J=-QW:T+T$;"-E90<KMSCBE86Y#-E[22)0R-D[5QD&J46GL%RW-;"Z
MTVU*X)08P6VY'^<4DUL&IB7+3@RA(RJ$X^49II-@VEH:4<9CM%=CN 3*Y'6E
MML&Y';2QM=Q1-N9A*K' S2NQO;4Z8$9(':F2+0!!Y>Y)(BGRL>OKFB]F!S4V
MD2K>LL;+TR,>F:O0=S2M=\3*KE<*, #O6;WT R];O"T<<1P,29S[8IC,HQ^=
M:2(3_"6'U JNA)CQQ,[A5!R322N YH9$Y*L%SC.*+,0@4AL#/'KQ0,T$7/TQ
MGK3 <,!003QUS0%CL?#A_P")&O/\3=/K4+<#G-3?%PPR2<#IZ8JBF94QX.#@
MFADD<?S[@?3M0!(.' ;J!G H =*1Y1QU)'2AAL748+9_+DEE]*>H*Q<\/*&T
MZ=23N\P;?R-*]F Z\;$ZH<LW !'I22[#Z:D:W A94C3 )Y!'04WJ--$DES(4
M\P(JE3G;CD^]%GLV%T,O;E9M)A;)$A)!'H*2OL)F>RKD8;*@ D#BF(<@*QR,
M2?0#ZFCR MP;8X<R2[2#C &3^5%T-#T+.-R0R'D<G H5[ZCNO7Y#"T0;$D+*
M<D;R:>JW%H]F2,-T.Z  G'()Y%*]]+CV(X;F:/)D7S5[A1@BIL^@7MN:<-Q'
M.B^6<$#!&>10VNH6TW)3M\AE=2V[U%--H32*<ME TC8RC'GCI0GW"Q6$4D9.
M,.A)QQR!379!ZCO-C9R ,G!P#VHU&6;*[-L6.,AA@\9Z=Z.MQ;[CS<$EI N4
M!P".M3ZC=D.=\(?D8$#^'&:$FU<6Q1>![M/+VE(LJ2[G&1Z"CELP;OHB^\L:
M0;(!LB0 !<]35<PTDBE#*[/OD('8*.1[4DK:!N0:7&6GN(W8*,?+GIC-)Z,6
MO0OK $CY7>H&YA57"]]R46T2#A)-Q^Z!R1S2O</F4D51>MSD[N0W&<T-M#TZ
M%35XC'? JQR0&''>@DM6VKW$4R%ERH7 ('(]ZGE:6C*NF2F622-&60@1MR,8
MIK83=MBY%,^Y29"5#'()XVXI6N._0S[V3=?M.P81APH(YVU5M!)JY,[PQ6DT
M9;;,5V')X(]2:3>H[-HK6J,DT#*P9 V1@<$]Z.C$;4MO-<2"##H,Y+ \$9HM
MI=CYNB-6.WBBC1$083IZBF22@8&!0!S'BW4/*5+:/[YY)]/:D/9&=X-).LO_
M -<CG\Q0^@CN:8!0 4 % !0 4 % !0 4 % !0 4 % !0!GZ&2=#LB?\ GDO\
MJ -"@ H 9GG!&*!CZ!!0 4 )0 @^F* '4 5KY6:QF59#&=I^8=J-.HB9'61%
M=&!5@"".A%)#'TP"@#/DP-<AY.?*/\ZRG\4?5_D;+^$_4T*U,1H '08H 7 !
MHN M !0 4 % !0 4 % %:9TWA5<^:. %Y/:HEM;KT&M"P.E4O,0M, H BF)$
M+E3@A3@^E"5WJ-#D'[M0><"LJ/\ #0GN9%_IXBECN+:+;M8DE!RC$@[L=QQR
MOH:V?O+^OZN"?*OZ_JWY%RQO?/79+M2=<@J.C8.,CVK.Z77^O\_(=BZ0".15
MB # P*%H 4 +0!DVY?\ X26\#,VT0I@'H/I^M1:TE\_T'?2QJ,-RD9(R,<58
MBM]G8S LX\E5PL8!'/J3GG\JSY%:S'S,MUH(* "@ H XC6"3JEQR,!\;<_K3
MT3&4E!"8(^M,$2A795C4XR>]*P \?[P@\^XYIV$/*,5#,V,$<?UI#U'*TFTE
MQN#<9QR/>GL@;'%@G[KL.00.OXTK:@.'3&<$CGCI0 Q@%8'!P?E/%/;88LFP
MR 9)4'C%*_4!H)'"@AB>@.,4MQ =TCHS*,+QR::#R$DW?=8'Z#K3: 4(2X.=
MN.0?2AZ@2QW#QG YSP2>U2T/3J2/+YH<[>%&>N#1:P$"[TC\W#,YYW'L:=N@
MO4F"/(-I;<2O!-) 2SQ80,<$@@E<TU;L,@CC^;)&%P#D=C3$TRQ;M'(_SC)^
MO04@=Q1 OG;H\X!VD<\TWZ!J5[^SW0RML VY./2G?N!SY8C/'4\<<5(B179A
M\BCGM0@),,,94*>^.],6@G&  !B@8X;><]NE P#84<'GOGBD@'JQZ9X/- &A
M YCM,[3B3@'%/:P%>\@*N-@&"#R#1H!53=QE?P-(0XY*X.#]:?H!/;WLMK(@
M8L8QG(ZXS4N*W15^YT-E>(["5I<(22>>?6HOW"SZ$MZ96\NXC0;3UY J[JPO
M(IZB/,2W>(@!4Y /OUH5I#5TB&*.:V$DB$J"<D'G-4K= N6M4F+6> 2J?* O
MH:E6>X:6T*5DI761@[0)5S@>N30[,GT.OH * "@"(Q($=5 &X8- '*70EAN3
MY<A^7@G/%-Q78J[*M[B6V5O1P"3UZ&@3&Z3A[Y(90I$BE<'C/&*4KI"L6;[1
M?L8+(FT#H:MM/8146(M$Q9EXZ ]Z2*LV9K%/.)\O@BD22Q-E,[<>U,8KMQC@
M^@H [+PR3_8<9([G^=0!RNK[TOI-WRX[53"]S,ERLF<G:>:!"H0%PO)/&>F*
M!DV2"I SZF@1"\I!('3H10,U-.=;F 1]" 01[4TQVN7-"A9K>XC4$[6!('J!
M274-ATZ;KP.<* !]:?09!+"RX8(2V<@YIK;01/'*]O:S+) &W+MW'M2U0:=3
M/Z6J@_WCQ2 #Y#*>"I'&#UQ3OTL*W88"Q=(E/5NX_*BVH7+5Q (G2%#F0DLT
MA/?TH\N@[=>HQ)GCD4_* 0#U[TK>8=!]],&"''S>N>* :%"$PK\X23(VMZ^U
M-VMJ"O?0=%<$.JRJ%8GB1?;UJ6FM T$N;9E!F7&\$DE3C/TI[K4-4+'J$ENP
MAG7*J,$GJ/\ &DTTM 33-$21W<68'7)/.?3WI)]!M6V(B!%&0'&[)&/Y53W#
M4A5$<,2GS$'Y@>1FA7V%8B^RS1$"*<'!Y4]>G8T.UKA=H7[7)&1YD;+QU(HL
MPNNA=AD#1.RJR@<@]1BE&[8=1C/O7@;P3R0>,#O0ON'Y#K98I%\Z23+K]U-N
M1CM26@FON%M[6-9G5OF!R>N,4[V#46.Q>)[B4<[R(U&.N1U_E2;$7($AM;=G
MGQAC@J>H4=OSIZIE)-F>VHNK;HW81YX![\TEJ#L-+1/.;DGYN"$':J^0B+40
MDI#ODJB@*.Y%"=M@MW*B CD8R "0?3-&P&E;(TFFW3.@R""#Z?C0E9@]R)]1
MA6VMH(X/+9W&6#>V*5W<=DA84>=I5*_*YY&>,^M-JVHKC#%+-))#)'EMVTG/
M< T)V"Y)93!88XRH=%7)&.5([BI=[CT.CTR4S6,;L^XG/)Z]:$)ERF(RM9U>
M+3+<_,IF(^5#_.I;ULAI=6<#>7DU[<M+,V6:FE9 V;G@M6&J2G;QY1Y_$4/H
M([>F 4 % !0 4 % !0 4 % !0 4 % !0 4 9^A*5T.S5A@B( T :% !0 4 %
M !0 4 ,P<YSQZ4F@'TP"@!CJ'0JPR",&@!L2+%&L:C"J, >@["@+6): "@"A
M("=:A(/ B/;WK.:UCZO\C9?PGZE^M#$* &D=*EJX"U0"T % !0 4 -)"C).
M* (%#3D.V1'U4 D9^O\ A[U*;8]MB9$6-0J*%4= *:26PA], H * (;@9MY!
MN*Y4C(ZC\JF6S&MR10 H & *(JR2$.J@,R]L&\O=9>7&5R^SRQ@MV(/4'./R
M%5>^C8M%_7]?<+#?>5)';W"LN54)(QY9B.C#^$\'ZU#TOV_+U_S*-!F"*68X
M &2:8A1TYZT +0!GPRLVKSQE(L")6#K][J1@G\#4OXD@L:%4 4 (2 .>* $R
M,XH 4<]* %H X;7>-5G"G.7J@*[$<]/I2M8&B7(*[""2.3@T:%#I0,9CV@@9
MS[T+;40T9"A'QDC/![4: +O4,N.._/2@8V68%C@!NF/:G=7T0GYB@ED4# ('
M6E8!R3L#E@",GMTIW=@'G+J-H!!!) ZBB[>EP?<15\L')()X&:-M!BIS(%/(
M'X9I"=Q%(()!.X T7L.^HH.Q5!Q]?Z4"&[OF(.!UH;UU&.C)^<$#D$<T7MU
MG1-]LFSG$>#GC'-) (%8*#OW$< 8IZ6"[N*3)M7)!..I_E0@N!C\M S<$KG/
M8_2C06Y&I <A2.O&>*>FX[EU&D1LIRRC!SV/K2MH'D.>5GT^57499.OO2L[B
M\SG)(7:,X'0^E59B:(X$/&0 1QTH OWENJ0*R;2<"C<;1FC*R'  %(0[=AR
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M7<-+;"ZA<G<(I47<1DL!@TVP5M[&8R.ET(TD9@2"N>AHLNPQ_F)!=M'(N!L
M8YSWS2=[BL7+F[6.T2"(*PG4EN<$'VJ=6QV1@7,1%R #@QX(.>.:NQ)MZ%=>
M7<N)G.TC<3ZTGH,UY+>&ZQ=VXSD_,/ZT*5T&J*<-CY=Z25S&=V, ^E-[Z MK
M&OI[1K9J%PN,Y'I4K4&C.US7XM.4QPD/.>V>!2;OHAI):LX>[NY[R<R3.6)-
M-*PF[EFTLM^UB&SVXXJK$G3^'4@M[UX P,Q3)'H.*AN[*MI<Z6J$% !0 4 %
M !0 4 % !0 4 % !0 4 % #418T"( %48 '84 .H * "@ H * &C.?;M0 Z@
M H * "@!JC&>!U[4"'4#"@"@_P#R&X_^N)_G64_BCZO\C5?PGZE^M3(* "@!
M,4K &1THN M, H * *[@32M$1\B@$X[G.<?H/SK-N[Y44M%<GJ]B1:8!0 4
M% $<JEXG4'!((SC.*$"T'*,*!Z"HA'EBD#'58!0!1OK-;E05*K(#QN&0X'.U
MAW%"_K^OZN"NC/L+N6"3RKY&&V78K DA6;! .>3U.#Z=S4RCR^GR_JWZE7OH
M;U421RR+%"\C?=12Q^@H 9;F.6-;E$VF5%.2,$CJ,_G2NV@)Z8"4 % "T (
M!T&* %H XS6%_P")M-P,AB<@55QHI* T8'&0>,=Z+^8$BKA&W#[N23B@!75=
MN I.%&?2BX,:0>,KP ,8'%+4-!RAO+ V\#YN.E.P# %R<@!B>N*& Z, C##\
M?2CY .VL3G &#WH 8>'<KQV I;CVV ;@55B3@]!3Z[!N/560"3!7'2BSL+4
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M0$<,>VV9PJL\0& 3D<'I^M-=D&@B7K,S,\*C+9VJ2!3LUI<-]BPFH!EW&S
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M ;SN/3':@!U !0!%/*L$$DK_ '44DT A(#NC$FW:9/F(_E^E1%=7N-DU6(*
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M8!0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 G>@ !]* %H * "@ H
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M,'MR*!;&G3$% !0 4 % !0 4 % !0 4 % !0 4 % #5(900<@T .H * $Z4
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MOR#O&,AN/4'^=)>0-&C5"$Z4F[ )M&X''(Z4P'4 <3JX']IW!Z8?O30RG@;
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MM6^H*MOMF+&1.&.!@FA*V@C.GU2]23<K<#'88.:=M NB6'4;RYEVH"J@$C@
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M 3H1SSWIAMHP9P<$ 9Q@Y/)I,! K%"6PH /.:/F&H( 7(!!SQD47\P'.%V'
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MLF.X[37<QH3C);@YZ472$S9;'V=N<C:<FA[ <+X:!_X2*+'HW\C5(1W:8#%
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MIO#\'(4GI2:T&A]S=P"!IRP+ 8&.F<4O0+=SG96,A9I"Q)YYJDDEH)W9<TZ
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MA88%5Y78$@L.!Z4/S%U)@S*JK@D@8..I_"C5L+]Q3':^7N,*N<X#="":.9[
MDB,Z5&Q2:WFV%#]UN"?QHO?1H5FMC.NM%N6F+01[T/=>GO3M?43TW+%EIS0Q
M'>BLY.[);&/:EMLQI=T:.$B"QH2H RS>I]*%<I.P*I^9CPM 7"X:,7*K(=V1
M@#'4TF'0EP3$I;W/';THL!'?-_HJ*027'3/I3W8D16[_ &>")=O.,Y]Z3V&B
M8H9Y"4). 0:+BNQ"5LX7NK@D*?N#U/K0W8>[*-@DFL:L;NY0FW0Y.!D'VII-
M:DO71'3Z>R_;&C7 "1\ #MFH>X^AJ50@H * "@ H * "@ H * "@ H * "@
MH HZ:Q&EVK?],5Y)]J'H,NYH$4UOK:6Y,$<V9$)W*%.>.#4ME)$"ZH6MTN_(
M(MFDV;L\@9P&QCIT_.B[?]?U^0M+V+DL_EO NPGS9"GTX)S^E#\@*NH:G]B,
MP\H2-'&L@7?@MEMOIV_K38N@EOJHGE5/+"+Y"SNY?A >W3TI-VW&DK"W&JQQ
MJ?*P^Z!Y8G!^5RO5:$[[!:VY-:S27$$4^W =5. >#GJ:<=5KN/2UBR0W;'7O
MVXIB&-CRR2N.,XSQ]*+)Z!U&.GF7$+8R$R>>V13V31+33)P #QQFIL,#N_A
M/U.* *J'.JR>T2COZFLW_%7H_P T:/\ AKU+E:F8A( )/04 (!@GG_ZU)=P'
M4P"@!* %H * "@"O]V\R>-R8'/7!/^-9OXU\_P!"OLEBM"0H 8RJ>H!H =@4
M %+J 9 ..],!C%QC:H/U.*0:"@GNN.M'4!%;<3P0!Z\9H 23>J,T8+.!PI.
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MWR*O?^OS,K51G4Y<8XDYK3014.>=HXS0V-@J\@ \_E1H()/O$ ?3BCR $7)
MP"!UI@+R3P1G.032 3!9\DD9[BG\@>XNP! >#GWI!L*JCH&P !]33#43 4D$
M\>_-+;4!&;#X!SCIFGZ#$4_.!C(QR3VYH%<5P Y^7FEJ%V!3*Y .,XP*:N!-
M%&7&$')&!GO2&+Y3##=>, $T"(0'SDY%(+CQD9X.0.W2AKH/083ACGL1TIZ"
M';F!/ YXY%'S 7DXQD=!^E !$&.[&,@<DF@!B@E-HQ\OS4/L!80!-K$#D9HV
M"PA57!9N3CTZ&G8 9=LN_D*1QFE:Z&5]2(%A(JMV&1^-##H4]%5O](*\8 R?
MQIK82W-*-]D?)SC&,&D.[';MRKMW'[W3MWH6H7MU(U;8/FA!.>>^<T7?<+ID
M]O<QQS@NQ"LN,XH=[!JS021EMW<L0A!*D=Z$DM0393,L;1?/(%)ROUI+3<-7
ML9=S:>8D@ #;02#5:"9DQ0F0\#OUI(1TFGZ7)A5/"ELY(IWMH@.H6U6&V?CY
MBA!/7M4/8$<9X6&/$47T?^1I@=_0!3NX2Y##/X46OH,6UC,2!"3@GICVHL!1
MU6Q\U00!R2<CM5)V$8ZV#^6T2JV[/ '6EU&MMR+3X!%JD/FMY?. ?>A@CI[D
M-+87"RIY>U<YSP<#K1L)>1R"X^UW09LKE2#GVH313WU'QRM'(L>05'?I0Q(L
M^>L07E<M_=.<_6EI?0?F$$XBU,SNP,0Y/&2,T]M16N2Z[>)*R)!,P!QN'M0.
M[2L89&XL> .WM3)&D' /88H WKEC]@B4# "C)7^M(>R&6U_(L7ES&.:, DA^
M:E+E?NC=GNAFI:D7LV1$"1IRH'3FG:PMCG;9#<3EWY Y_P *:$RX<X4#OUI@
MR:,;<$;0<4KA\B6-/-?D@*#R?04[]1V+FG1-_I+(V8D;;G/7C-+W;W#9V*LP
M+S1+G<KD<"A6!FI=1JB#!P0=HSQQ1<+6(?/0$H^X'&#@<&EJ.Q,EPC1$KP.@
M/O3V8K+H4KV"9B<#"D8!_K0@*<JB!P  -IY&.]'H(C:0EY708RN<'MZ46^\!
M;=CA@Q7 !&<=\4=00 E5!4 D>M RP04BVJ/XL@9H!=A9%(5&954<$Y'!S2OH
M!68!74GU]:?D*PK E<9QCM1ZC L54HIVD_A0_,$W;04$@,K$#WQ0"0>8S.$&
M2H&,FE8+V%(+-L7K3MJ&H[>?,)9!QP0!1J@LBPA!0%D 4GJ!R*+MH+*^@\*A
M1BQR <JP'%"TZ [@L9<@X (YI;ZA81H!M))'X=J8#UC"DE<MSR,TK@K]16P8
MBS!AG..:/08L($=OP.21DGI1;0+#<$R2 #:0!WX I_(+6)N50X)PN3QCTI60
M:A##OGA (X9<#/K2!W)=21H[)V&,+,!CMUHV$AK;F3L2.5SQS32TU'=DC-"\
M2!\+(0-I&,D]^:5[+4+-O0C,_E,5:0NI8\CM3LNB#U%N(DEC_A/!R?K0F*W<
M1($BC4Q M$!N^8<=?6G<?6Q0N_/OYGB@&(%^4N1@"A*^H-]$7+6UBM8#';G(
MSDL>IHOJ2E8F<'>K@'*^G>A%=2UI!']HR\G)CSR?<5+NFA=#<IB"@ H * "@
M H * "@ H * "@ H * "@"O90FWL8(2 "D:J0/84,"Q0 4 % !0 4 % !0 4
M % !0 W #%L<D8H 9N(?:>?Z4#MI<59,RNFUAMP<D<'/IZTNMA%>,*^I3/@Y
MC0)^?-9[U/0T>D$NY<K4S(XQL4*>QQ2&QP8'.#G% @YST&*8#J "@!!0 M !
M0 4 % #2H/44 07<BP6SR'  [XS@DX_/FI>B;0TDWJ3JH50H& *(JRL#&KP2
M,'US1U ?TJA"%@O4X'O2V =3 * $H * %H BA)*G)S\S#]:GJ_ZZ#DK$M4(*
M "@ H BFC$L>QNA()XSG!SBDP*VH6:7MJRJ$\W:0CLN<9ZC\::8K:W.>U#_D
M(7&W ?<<YYJ[]![%5MW (SGGCM4Z]QW5Q4#9/;/%/Y@-D#!B"0#P?I2OKN/T
M(\.N,\#O1H(EZL55<=_K1?0!@7G.>!VH 4D*,AAS[<YH"PPJ=V"0 1P3ZT!U
M GG"\ ]:$@%1"[+@YS18&.VD'"CH:=N@"$%2IZXZB@"0$J<9^4]1[4FAW)8F
M,15@#M!P.:&N@71+&ZR3J1C/4CMFB^R 3[*#,PYZ\ "F'S$>VZE!CCOWI70%
M9ON<@]1WHZ"T&KC=\IPN#^%%_,! GSEMO!&<=*+@.BRP4[1D'MWH F*@L9 %
M (X'I1<$AK9*Y;!)^Z:5NPR<9,(R%P%)R*>@?(8OR,%..@R2<T@WW*NH@"SG
M!/) P?H:>B6P%+1<>9,IX4KSBCH)&H(XL@;V)'/UH6CU0VF((W3A"=N>!3Y;
M[!JM!I4J3P>#@X]J.H:C<J(U5D;=DD9HU["+=L ^FW)VY*L<9/3CI0MQW*>D
MW*>;,DT:OG&"0#CK2U6PFD]Q[2 PR;1P2>OIS3[!H,TVR61\*HW8Q2;L*QVT
M4*1(BJ.$&!2 67/E/CK@TI;,:W.%\+_\C%$?9O\ T$TQ'?4 )0 4 ,9 5^;D
M\?G0!%)/ CX=U!S^=)CL4"83?)\N%4[E8'C/<TTP:++W*/I\[29P%;.1C([4
M;,2.3DC6&1-A&U\#(I[CV+ \L >>6 QD$#./K3=[!9!<V4EO<QB-T=&&0:2:
M>P>HPD)$23US^/M38(@1)+B-W,090R].N*:]1-H8T04%2AW'[O-#=@T[FC'X
M?N45=\7?G#9XIIKN3<BE=1#MP1P ?<5%]2S+WDR."_"D@8':A6"_0BNW:2'8
M.>@X'I185Q\,(B4*C9)P2:>@%D)CD@_AVHN AP&PQPH[#O2'=#Q,6($:X4<\
M]Z+=172);?SAI\Q!"(KA<CN2#0[=6.XR&(1SVGFY*@Y( [4V!)<7<DK2)C"%
MMP]1Q2 JIGD< =>:8:ERUDER [;8X_6IT!$B7[I,1]]%!^\,BC;8&UU)"MK=
M E"(Y!U&.*<7W$TNA5N=/DMRVY>",@KR*>G34%8I+&5F.6 SZBD XC&01GMF
M@9/'<[ %()48."?SH] 5NH^X9GMXW8J0V1P?2DG<96VG8" & '//2GZ"=NH1
M+^]49ZL ,^] F33Q,+Z=0NX+\O2CKH#[$;12ELLA^;]*8)W)4AD288CSDX)Q
MFC7N/0LF'YR3A2012N@L,6V!0^N:>G0!LTB06X"E=Q?&2:6EK#MW&Q&6>.(-
MS&K9';(II6W%OL6H[<PX8<@@Y7KBD%Q'&1B(G;D<GBC0>PB*1N*KD#&??FA]
M@$$C+$V !P>,4M=@T0L3DJB$#!QCU%%]!,GM]F6E &,\@TF&FQ)&W[LYC58^
M<=\"F%B&S<0EYI#M$0+#"Y^E)V&1RWZW%@D"M\Q()R,<@_K1U"W5$PD;:8\@
MC:>3WJNMP,VYCD#$ $@MD8[46["N$8:-$1N23G@]*&D-,TX)!(FUL C@>XI=
M;(",M]H*1EB$!.5SVI:(->A9=(UB6*'B-1C &":8+03<(XR@&2O:CR$Q&<(0
M2PP5[=:!ZEC1) ^H2X_YY\G\12Z@[6-^F2% !0 4 % !0 4 % !0 4 % !0
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MG#(1SM!P?2G=I[@F+DJ.<X(R!BD.XX!V3<QSGL!1\Q#B  % .XG %#TZ@,Z
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M58GZ'''Z?I64]917]?UJ6M(LM5J0% "'IQ0 M !0 4 % !0 U6##(]2* '4
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M+#]3%FF+.%8D+G)QQFG83*PQTS@9S3L(<03CDT (@ D(YR*8Q^J09LX?ES(
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M)<''S=.E"]U@91VR2'H 1G-/4&7[1HA$JLA4(>3G .:+L7D3-;@!@&+1 DY
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M984<?Q#(H EH * $H *  #% "T % !0 T\#IF@!L4:11A(P%4= .U $E !0
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MM?W<"JRKMSSGH??WXIZ).X:]"UIEO;M9N@YRS;I&;&#VJ6[=@2;.?NU+*X7
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M]+AL4G3]YM9&1U.>3Q0[)ZCOH,DWR29?!.>=M->HF1M\LA/8<?X4:C&E)%.
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M:8!0 4 % %*W7_B87;Y&/E7\A_\ 7K'5U?1?F:R?N)%VMC(* &D9ZT .H *
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M3 * "@ H * &.P1&<\!1DT+5V#89;01VUND,0 1>@%%U+5 E;1DU !0 F10
MM %&SXN[Q#C=O!_ CBLE_%?HC6?PQ:+U:F04 % #"2HZ9H!(?0 4 % !0 4
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M>3FG=";0H7: >/F/?M25K#(V9UW!255N3VYIM)A>VQ9#*R'GJ,9I (%[@$
M=S3$/9RKELY!'&.<#O0EY#U"62.-R0?EQP*E^0+S(F9'DP 2<DC\*H"8>4X
M"X;'/..*+@5IU("JI.#[4;AJ5]3Q]F?Z#^=#!E722%:4D<@ ]:.@EN:?FCS#
MW &>>/PI:L9):)M5VP<]L#K0Q72(Y J1_=Q@8_&G\PT(%($:M(Y!'J:6@T.
M;KG@\=:-!,<C'SOF^==N=J\4_0/4A+C>ZD \9 QT'K0&@FXD*,*,>AZT?,"=
M8XG0LB@,I'&>M5=,5B'4XBKF500"O:E;0'8B\,S);ZU$\A"J P)/TI =^EW
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M!HNAZ$B.B;"PX [&D(6-=T!('3/6GMN/0NV;E;$@<=6S19!H84TYGN"[ #C
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M@(Q1I<=F^AHZ-&5NG;=&1Y>/EZ]:+INUQ--+5&W3$% !0 4 % !0 4 % !0
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MY P7!.<<4#)*0PH HV0#O=AE!!F/!'7@5"^-_(TGLO0N@ =!TJS,3'7& 30
MP%]Q#( /4'.:0#^<]!2 =5 )0 M !0 A]J $R,XS2N F]0VWJ?2BZ ?3 * "
M@ H * "@ H * "@ H 3G/M2 6F 4 % !0 4 % %>X5RJ-&,LK@]<<9Y_3-3)
M-JR&CE]1R=0G&>3(>?:M&M1D,>6&&P,'FDV)(:Q 89/1L\4;:C'% S%C@ C
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M/*@2*)BH0C'?C/3\N*;U$28;'49SZ=J!CZ $(!&#TH 09R>![<T .H * $H
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MHZ@_4:RX)."PQ]T]J$!&X&]0X*QMV].*87Z$;*"I8 Y  Z4UY@+M)!(0[2,
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MF[.>,$<TK+<+Z6)$#(H#-NR<<T_0+]R;;@]!@4[B&%>2<DY]32]!D@+ H3T
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M:%8U?"Z(NI3[>OE]/Q%)[C.JH$% !0 4 % !0 4 % !0 4 % !0 4 )0 9H
M6@ H * "@ H * "@ H * *LRLES',BN^?W;J&X )^]CV_K4M=4-%DC(Q5"(8
MBP&Q\[E'7UIM:W0D_O)Z0REI_P#K;OC!\X_R%8Q_B2^7ZFM3:/H7:V,@H *
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MUI ,"[22!^N*8,>5&05() X% "Q9,C J>/6B_F DPY5E'W0:0#QAL$#KVHN
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M0 4 % !0 4 % !0 4 )0 #D9QB@!: "@ H * "@ H * "@ H :V=IVXSCC-
M"C..>M #'C612K#(-.]A6$ 9"HZJ!CWS0%RO9A1+<[3D&0-^8!_QK%?Q)?(U
MF[QB_(NUJ9A0 4 % !0 4 1F-2" ,<8R."*+@M-@"XS@]:!DE A!0 M !0 4
M % !0 4 )0 4 +0 4 % !0 Q1MX  !R>* (ED:5XWB.8B.21C/IUHZ#T2L3%
M0>OIC':@7D1+;QK+YJK\Y&W.>V<T-L;;>X\OMQN!'3D<C-%@'T"%H Y'48BU
M_,V, .>?QJK#(BP5>HSVR.#4M:CM85L*J'<,GKCM3>G0-2.4?O@0<CZ]Z L(
M > 5 Y)S19AZ"! <D@Y/ %&HM@P.5.>:'= (HXRHP<=: O8<,J0<G(/2A;C'
M[D('))!H >%8\*<@$GK^=),6P_#;\KU&" >IIW5A^9:"R)M*HHR.1D9!I(7R
M(F&X,'C89.<__7H=UJ->1"$","P!]!GJ*- %"GY@  &!(QVH7H&PWR1SN;GW
MI+3=!J*69%P1@D]^U.W2P EQ)$V1)GV-*W88[[;)EMV-I/:CE?07R$,T:A 1
MA2.0#TYIZK1A:P.-P.#O'/2AZ 1@(,!CC!ZT:[A\QY2-T!0EACY<'I3O<6W4
M88B%_P :+^8QY6':5#X*C'(Z_P"<TDQ=2IJ*A=.;=UR,$'K0W<"EIBEEE(P<
M8^M/2VHEN72O[D\\GGIUH*L&X@8ZX;.!VH >P)3C /!HN'R(F!/*]!_A0A,:
M2&)V@Y!ZT;= T&7?$:#( +#\LT('>Q<8$.>00.#0TAZ]BM+)'$@$A4'. 3_.
MEL%A\,D<BJ8I-P'!XIJW8!)L"#EE)(8D'CL:5D"3,S2@?M1(7<0A( JHDG0W
M=I-;P;I45&;) !SVI6&M=;$ AG@M5>9@%D[*03T[^E+3H";OL7M-U4VTZ02N
MWE XY[9Z4FK:I#L='$Z21JT;;E(ZTR6K$E !0 QHU<@LH)!R#0!G:[I\FH6B
MI&1E3GFFK=0*6BZ5)93EW4 #@G/(XH8B]>VZZA&QA==R'&<\'BDO,K5''7,+
MV]P4<88'!J@%_BX!P!2LP&$#<, @YIV\A7$P!A5(ZYR* %88"@=?3UHU&*JG
MN<9H$.V$-@9- #E0C!PV3UXH&NX2IC 8,,CO2%IW*\3$9!!^7B@"5L<8H 6
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MG.3Q[4D@'TP"@#.M&E-Q/C#+YY#Y/(&!C%9QMSOY&DTDEZ&C6AF% !0 4 %
M!0 4 -QSF@!$((X.[B@;"-=B 9)]S0(?0 4 % !0 UF5<9(&>F:+!8-WS;>]
M "9R,C]>* %&2 >AH 3;D]3CTH&)A?-SCYL8S[4G+H&MK$E,04 0QYW,.@!-
M)C8[S$\SR]Z[\9VYY_*BZ6@6=K]!7=(UW.P51W)Q3V$DWHA(Y4E7=&ZN/53F
MDFGL-Q<=&)-((HF=@2%&2%&2?PHMH(DI@+0!RNH,?MLPQT<\D]:>Q6EBHZCJ
MV&)'';%%T*WD+%&2 21D'G%"W"P.@!.#_P#6]Z+=@8QF<*""#D<FBU@'J0=_
M.,X(/I1TL/8=&F0!DL?IUHVV :\>$&T$'."*;$(% QST&"32&*$ "\E<'&:!
M7'QHR[_+PW'Y<T!>VY;0KY8& 7QRP/3Z47Z#Z@,Y9PPST//2I;0$@N"B81@>
M><_-1N"6NI&'D'RX5CU&>HIWZ7%IV!=H&24)!YR>:5[#&/+"W5<D=&%&R"Q"
M&C(.V;D=2W/Y4!9L1XP/E!!Y& .3BGH%M-1"N"#M P<$FBPK+L0]F*DY)YI]
M0L(,@DLV<#CBBWD,>(RZJQD&T'I2LD+4:"1DJ6Z$8%"0 970XSQCGWIW"X%Y
M!$4!R,YP:/1COW(;]]U@^[*D 8 ''6AB*NE+OCFP>05Q@?6CH)%_8?)P" V>
M_/>E?4H2(-O SD;N?UI]17%&YF8,,E2>,<XI=0N 4[3TS@%2..U/1 1Y<$;E
M&&&1CIBD%U<BN/\ CUPIQ@KV]Z;!HML , $GC&:!NPR5(V<,T0)!P,BC45D3
M6RK';32*44C QCKGBB^G4$O(JR*6B828PN?Y4K;CM<@\+D#5^2 /+?GTXIDG
M3:^S".W5L?=)+>II#T.>=RT> Y&7 _6BRL#+5M;O<:IY"M@+'GIR?:C1;B?D
M;NC7"Y:'NQ)%*^HVC8IB"@ H * (Y49XRJMM/KBA -MX!;PB-.W/XT 96K:-
M]KN%G1CG'(JDU;43,+[#Y;9\WH>N*-+:%697FA=2""2QZ&BRZ"(XT[$X([4@
M)67!!..3TH 40DDGH,9^M-C] :/8^=_?-*R[!JA^'W9\T8(X(-+3H%F,EDC.
M%W,Y7C)''2A7[ [E;!#9)Z]O6F+4=P6!P=O_ -:@!5R;8XXYZ4#(B-JYS[=:
M-A$#Y7G)&?6@!45B<\GO0A#A 7+;1UZ#TH <D#E6"@D*,D@4 6[:1MX"L,GG
M..M!1>-J6B+EOFYQBC<5Q((P(R<DD DT(8&0#=MVC*X'K1=C2MT*VW]X"Y+<
M9QG-&VP/7<FVHBDR.%^7H1R:5T+?4JWE^S,$B!QC\Z-=P;70I#=O ?!]J:%<
M%@,LA$8(R<X':A*X7+UM;+%RTF3ZG^5&P)7W$D<N2H^Z*!OL,*\$D]/6BX!T
M'&<8YH 3;AB03MHN(7< 0>N*$%[#FXW8.0*+C)7"NBE23VS2"PQ&56)*L"1C
M'6F[@2(,-AS\I';F@!(E*S D\=*'L.^HV4D/@'CG&1UYH$W8 S)ED)ZGMQ0%
M_,?"V;G"CY3R/>CU"^HZ.9X\F,@$C/ZTM]QW+\4T=ZL;$;+B/MV8>M*_*#[D
M;DABKDC+8'O5=1"E&5R8B1@8 [&D]1W:)!-%<QM%*FQ^S9Y%*[3%YHK7-M)$
MPV@;<]?6JO=7"Y"Q*AODR0/FS2 >8)I$VNK,H!(SU%-*P-WW*;HT2ET!,9/!
M]*5KA?HS8\+/F\E7/(C_  /(I=0Z'4TQ!0 4 % !0 4 % !0 4 % !0 4 %
M"4 ,@),$9/4J* )* "@ H * "@ H * &_P 6<_A0 Z@ H 8AR@/(SS@]J 'T
M % %+3R/,N\#'[]N/RK*/QM^AK4V7H6.4('\'3KT_P \5MN8;:$M(H* "@ H
M * "@ H 8!@Y% P#H6P&!/H#0%F+GG% @YW=L4 -.Y?]KIQTI#T! 0#N;<:
M8[:N[<0,^M.XAU !0 A( R>@H C(D+J5(503N!&21ST/;M4@//2G8!U,"*4D
M!=HSEAFDW9#0]5"EB.YR:8BC<*HU>T8<,5?/OQ6%7XH^IM&_LV+=E%N(WN,^
M2$/5<KGWJJG1O;J*%W%J.XD4D?VZ/[.08I8RQ"].#U_I4MI2BUUN#B^1WW3-
M"MS(BPXD&TKY>#D8.<]OZT /+ $ G!/2DVD%CF+]0+Z8''WR0/K5O<93905&
MXXY[TO(!VT@ J2-HY([4ABOEG./3%-(0UU_<D#@ ]?2BRO<8@7"$KSD8P:&E
M?5!L+O*9.,#T]*+=1$JME1UQQD?UH^0$@A,B%F(Z]J/($/: 8! *@<<C@'M1
M=A<#L0':.IYQWH:N!6:8+*58L&!Y15R:+/9#>VY*ERB1_/$S?1:>J"R8T7,2
MN&2VDZ<>E#3%IW&F^+;62W;<#EL#K25]AZ=R(WR8R+5N#SD^]*TMQ7BNHR6[
M?G,&,\@8IV87B-BN)F/%LK*#R".]"BUK<+K:Q93+R(##Y3-G!!Z4GYAZ!,S"
M5E.U_P#:'%.RZ#8J0DQ[T)+\Y'>C3L+S%VI&P(8$$<J:5M!V&% . 00>A':G
M85A%7D<\@\8HL IB#G@_*!U(_0T;!9C6C:,97J*!E;4239R?A_.AAT(="R&E
M*C.<#'YT;"1.%,=R3CC)4KGI0-DS'YLQH6 ]*&W?<'9=1=QZ[<-C-# :,D$@
M'Z'H:0$988P201T]J;8:C7".A1"2,CH/>A6%8M>6?F(78./OG!)I7\QI=@,<
MC;0"C#K@-DC_ #FEI?0-;;#G#)92KY9&6 !/T-4UKN(J/M6&09X(;/MQ1H!G
M:.2+[*D@A#T.*%874Z/4+R2_=%"!%1,DD]ZE)[L;LEH99(\P=\8SG\ZI>0,L
MV=V(KLS;,NZ[1\W2DUH"M<L6]V]F[NB_-M( ["AH-MS5TO6ENW,5P!')U7T8
M5-^7<+=C8JA"4 01/L"Q32JTV,X'&?H*5U>P6>]B>F M !0!S&M6IL)1-$3Y
M4K$D'^%O:GNAI]QLJ[H3@AP0,,!QFB+OH-^9G/%Y1!()SR,=#1;LB?49]I)8
MD* 1CIWI6?4>G8"V23D@]@:=DM+ .E!(&3C..!0U8"'&"?IZ4P(V)5&( )I"
MMU!R0JDCG/3%%N@QW?@\XI= !0!:C<?X_P"E,5B)]N2.",]*- (2AW@DX&>!
MZ46$3HA=SM''?-,9.L!!/8 ]N*0:D\*(MP0YV(RD9H;MJ-7O8SHFVWFTG@'C
M- CJ;> O;#=T)&3CGFI6@^I51 L)3ID$$@]*>_0-2-X;=61(^) <$#IBGN%K
M(9=30VP(7YG!I;]!\MD9DT\D[@GH1@#THY1-LC(V9&1D\'':F%AT*%Y3@8'4
MFCU%8MX2!5P #V]_>CR'8B<LS,21DGUI+0-1&,B*<<#H#G-.W4 &>I';O1Y
M+'D)GCG@@T6L I5=W).>^!0 A&5#8P#1JD PX4C!X^E :DT4N$D*J, _@:3
M1SM  .3M!XIA9CE9=X(R #CITH\[ 2,>% QG&">M#!7('9Q*!C.WTHL%QP?(
M"9(QG.!SFAJ_0+V0W_5D,"25'>CR#6X\#C.>G.,^]*P:B%W3:Z'9CH0>>M-J
M^X[OH:5G.+A"C!3.. 2,<>U3J@?>PCMY4WE,3NZC(XIZWT$#;00Y'.><@T:@
M68GC;,4HW(<'!Z_A2UL#*][9>6/,B+&-CP3U'7K3WZ"3:TN.@N 8\C+%>&QV
MI>13MU![>.5=R#@CH.AIWN+R)/#T/E:M-MSM,7?KU%#M<6R.FH * "@ H *
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M0LH++D#TIZH$6OE92K9Z;>E+6P6OU$$"[@J%N#E35=-0LS;L=9$C+!=J4E)
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MY(RXX ZJ*'J[=1[&II85Y#.!R4VYSTYZ8I7UL(U*8@H * "@ H * "@ H *
M"@ H * "@ H 1?NCZ4 +0 4 )0!%"7*D.A4J2!E@<CL?QI#)J8A* %H * &]
M* #(H =0 E !]* *6G<M=9 !\]NGX5FG>;7H:U.GH6_FW9R-OTYK0S(YH$GB
M:.55=3_"PR,T"&11"' +,P)P@8?=&.F?P[TE[RO8+M:-DH58D 1<*O\ "HI/
M34>[)*H0M !0 4 % #&R"".G<4#%7.T9QGOB@0Z@ H AE9T4&--_(R,XP.Y'
M^% $M #';' ^\1P/\_6DW8:0BQ*LC2#.Y\9R2?R]*5EO8"6J$% #6SCC'XT
M*!@8% "'I0 *,# Q@=!0 Z@ H * "@ H * .5O5QJ$W/+2&F]!K8@$?7@XSS
MCZT[Z:A?S)4<!C\O7D4D[/<9'.<$D Y &:!$B?,5"L#QTSUI*7F-W0YMRE"H
M"X'(]*+Z"1*\>\;B,=*287!8O+4N2,YX /) JM&AC)?F&%8(!RQ[ 47TU%Z%
M.]NQ:VK%')W< 9Y/O[5":*^'7^OD<_=7,ES*7;Y1_='2FE8EL@%,0O?Z4"#&
M.:!AQTH !UI@;WAW1VO+GS9<B),'IU-"T%OH=C<#*K&K!%QQZ'%)E+0RV<$C
M!*J1G!'6CH._88@D2(NJY3D$]\U.X)E=I5'567Z52 BF4;P!V Z=Q1<.@S=@
M ?KBCIJ!-%DGS ._.3G I6T$[]21E38RD#.2/E.![4-NX6&>7DKTR.H'TIW2
M'8K7Z :3<%><;1^.:&NHK6*?A]-PN1D@D+BCH"W-+R-P,;8&.01Z^E"=GJ-I
M]B%#Y4Q$@P0>N/UIM6!#W)=&"G(SG![T(-1G(Y'X4@V9&<X4*>W/M3NMA7'A
M<9!4\#&*33"XTH492%8 \ XIAN,9?GR 3@\\4.X7#A),#(/2@ B*I#,5)P%)
M.?I0[@9>D#-Z03_ :<1&S@!6*\'&:3W*U(VRAW@C)(QD]:2["8^64!OF4!F'
M7MBC5#T)PASAAU[CI[TUKJ(G>'S!M!P<]?2B_<6I'/#E@LOWP?E(HT^0]=S4
MTK51/BWN3LG'"D\!_I46<=]@=N@RX>&6XD^U*W ^0 <BJO9AOL,ANSYLL:!8
M\I@'WQ2L]@L9 OKO3WF=>92<X)XQWHE'71C4EU-W1]:COK?$I"SI]Y1W]Q4W
MY=&%NJ-965URIR#5DE+58HY[":-L;@NY?4$=Z:#;4QXXIEC3SQA\ X]10V,D
MFB67AE)7':A2:%8RIK<Q-D X&<&GH!$Z@@84\]S2'H1.,=O:F(@U,%HH>N #
M2;NP'V&'LRIYVFA,-0Q^[88'<T 2 #[.,#J>*+ON!2C4C?\ +P3D4T(LQ(7N
M,8"@^G>A#-!Y$1<&0!!UJ6QV*$M_(6E6V^53@!FZ\=Z6K6HV[;#[1I#;/Z@@
M=>35=+$W(88GDNCNR=QQ1<#45P%+3E@@. !U-)E+4HS7#3R!  !@=.]'47H(
ML(4%FQD9XIO05A)Y1L 7C/0#K0QNQ%$IDDP.>>>*%J27$C"!_EY!H=]QI"KD
MX4# 'ZTABL@SDX., 8Z"G<!/+ )R/O?=P*/,-! I!# $$=: &R \9[=1CN:0
M>@W:0O'4]15= !%YRH ]\]*6RU#R)-FU5)*XHN A"@?,..0<4F%A1&F3@C.>
M#FB^@),F$:'.XX7U'6AL 2)<'!&1WH!(<L:/E00/8GO3NMAV8YX/+()88^E(
M6I'(FQ/F/!Y%&EM@(PRO*1@E< #B@"48,.%'!R.O:FK E801?N0-_P Y!. *
M/,")ON+R<#T'&:0 N=P91M(Y^E,#2@G:[Q&WWT  XZTK#:0"-U9EE!#HV0",
M&@2!05.>.^030M@'!E!&1\HY-&MK#%9"RB2(C=V[AAZ4K)BU1=T8[KB0AB %
MPT9Z@YI;,'L;54(* "@ H * "@ H * "@ H * "@ H * $'*CZ4 +0 A. 3Z
M4 ,5<%CGDG-)+J.XI4"0-G'&,>M# ?3$1@@KE\=>_P"E3'J,<&!8KW%4*PF<
M]!^=  X8H0A ;'!/K0@6XH!V@-R?6@/0:QVY=F 0#)SV]Z5F,?@=13$+0!4L
M=N)]HQ^^;)]>:SC;GE\OR-)]/0MUH9A0!$65'5"0-^<9/4]:G88(3DHP)( R
M2, YJWW)0X*01@G &,5(Q5.1D@CV-,!>] "T % "'IQP: &*NTG!SGK38V[D
ME(0E "T )0 Q$"# S[DG)-)))W DI@% !0!&5<RHP?" '*XZGC'/YT@)*8"=
MJ (P2#A@?KCBH5UO]X[=B6K$% !0 4 % !0!R]^I-_+PP^<\TVG?8?H1(6*D
M$DY/.?6BSV"XU68LF,_3VH 250'X/&<4#%MB(W.<9S^=#5MA$Q*EF+'@XR,]
MZ.H$T?H/F[@#M4ZC))V2)0S@X/<#&?:B[N)/2QB:GJ@1]J'+#!50<A?K[TEY
M%.T3"FE>>1I)&RQYS56L2W?49BF(,4 'I2$!'&:8Q<<\\F@#0TC3GO[L(J_+
MW/8"C;41Z#!#%:6ZQJ JHH&?I2&D17)=X@=K%#DDKU I._0>A2FC5E#0;R,X
MP1S1Y(+ZC7C_ '9",VTG@=J-&%VBJB$H2P&!P#Z<52;6P[C/(!4LA/ QUI=!
M7[C#$-JDDA0.32Z#N( 5!Y ]0.M5;S 29'92>@!R>?TQ4Z7W$,0!'#+Z9QUH
MZ 5]2F(TV1"FTL1R!P>:?4>A5T2-I&E"OM7C/-#M;42;1J!O(E\PDL%)!4GD
MBBVF@QYFM;IF&[;QT8_UJ;M;@UV'1Z<DK1I'.J$CD%NA%.\4KL+/L*=- '_'
MPO7!Y'!HYH[BLRO)#Y$I#38<<@@@YHNF]AJX^9)(@LAD/()IZ;6!79%N<(KI
M*."#]:$E8!KSS!=@E8;N3@4N5!<BD$GRMG.!S["J6P@##[/,6Z%3QZBE;R&F
MBAH"@ZEAN 8V'Z4T1U-UD!4*@*YYYI?(M:%:>(#YD.<XR5YSZT):;">FXS8Q
M8E<X48IZ@7%RD2D'CN>]*R F23*X&,ENOH*7R&.DC1@!GG'/UIWZ6$[D)#QR
M(Y()C.Y&QTQV-%M+!8?)+([%Y "6(R *?2X7')'M$;,48_P[3S^(J>M@\QE[
M9QW,&0=L@X&1_.J79B]#"@@GBU%!;DB8-QM'>FXWT"]CMVCG2W0LQ\Q5Y*],
MTO(+F9Y[I)M/S G(8]01VI6;U*]1WF;R9#R2<FDM@(VFDW_*F<=S3Y6*Z&R;
M7@ *'(/3-.[3#3N9\\)5MH&%).*>H7Z%8Q-G)H%<K7_RQ+NZ]C2OT'T&:<Y/
MFC'8&BX(D=B-RE<D4:]!7%+8M%&,8SFBXR.+:%4@$$F@DLV6#.Q/&P?G3&1:
MG*C.L0X"]>.]+79C>A71<GY1G/M0B2V[A8UC48V],=R>]%VV4G9%BT@("N,E
M\=!VIL2(;J3S?D4_*A ]R34KU&V);1!"78C*C/2GZ"6NXR:3<3R#UH&5G)!!
M!+8..!1Z"+]M"8T)Z$T7&B96'0#)/YFAO4!?.2-3GJ3W'3%*[#0LVSPNSEXU
MYY [47?<+(CG99&X.U0>!Z4)C]")-OEM@<G Z?K1<3\Q' 96<#/X4TV ,0"4
MXR*+OJ-@$W@8C.11<D;)$0 PRN!T/:ANR'T&%& W'+*.^*+A>X(B@$9 !(R*
M2=@Z$SJJ\9!)Y H3[!T(57YL8R 1QG!HN'S'JIW[@A(!ZT /?S(I 5#')^Z>
ME#2Z!<0REE8X^;D;<=13W=D%T,"D;3G@#'2A^H7)$B;RO,4Y7G.34W0(;(VV
M,#?P3GCM5:#$<'?P  .@'3%+87H."EB&5<\8/ITIKR 89663,;8((P0.:0UI
MJC6@=;Z)PS,)R < =?4TEV#7=#98GB)5V61,9)'6J3707J1D;4RA )&1GI4Z
M, #%%#(.O)3O3W8;&CHX5KIY% R8^2/K4IW8;(VJH04 % !0 4 % !0 4 %
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M 31\@N.<"(':?F(R<_RI KC3,8Y$++NXW;<]O4GM2=[6&D8^H:K),Y5)')'
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MI/34!0<@'I3 4@=Z &C(X)SUYH ?0 E "T ,(.5(.,')]^* 0^@!O?% "BD
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M]*15R&=@K<G#(02/?- 6!"=I.0,CIBGIU"Q58JVW^Z6/.>?>D@8](T=LID$
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M %8@#G!'/\Z N*B^7RP!'7@T"L.'SL <#CJ*'88QPFYN2,<<=Z-UL I1?+0
MYR3GVH^0D1+F25@#@="#1H/Y$R[^ !DXZT-6#Y$H1FE(&0!UR*%W#J,>819/
M!XP :5AZ%4,P^;<#@<XII=A/<%.2!D'%'F# @F0Y)QGCFA; 2"9E&%. "._2
MIW'L3&>23Y@1P".>]-ZZA\@%P?**-'DDY'M3L]Q:$*R8;IM!.<9S4V&3FX8;
M8B5QD<G^5-JS"R[$<D[LG."N>OXT)=1"&8(API)[9YIH%8C><\%3ACQ^%(!
MQ*$'U)XIV#8 Y9NP).3@4GL'H2 ,1CE> #Z&G9!Z$0?RI5="<KVQUI;Z M#H
MM!VO=SNI)&W _,5/5 [V-^J$% !0 4 % !0 4 % !0 4 % !0 4 )0 M "4
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M 4 % !0 4 % "4 -C4*@ QZ\4 /H * &%<N&R> 1C/';_"@!] !0 4 % !0
MU!M&/<G]:0#J8$8W^:V>$& OOZG_ #Z5/4"2J * *.D_\>(S_>;G\:QI:.7K
M_D:UOB+U;&04 % !0 4 0*?](D!)/ /L.M1?WK>0[:7)ZL0UAE2.>1V.* *H
MEBL_*AGGYD+;"V!G'./P%3)J.H1BV7*H H 8O7(8$=,"@!] #67((Z9'4=:
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MS/O<EV)YS3);;W!D^Z0,CTIB&A"I/!SZ4  !!  YH >%YRIZT  4YQD #UH
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M&P C+<8!':CU0$MH=DDG.>^: L6;;+SNS<9/%):!N074P._:22>,^U/?H!5
MP%5NH.2: U9*2 1WRH_"BX(B&?4<]*+ 2#>&)/ Y[<4K6!#HL\$DC')]Q3L[
M:(!S G([<\YQ0@L-9L;>@&<CC%%GL!K^&B3?2G(QY?3\14O<&=-3$% !0 4
M% !0 4 % !0 4 % !0 4 % #5&U0/04 .H * "@"&/<I*N^XDDKQCCT_#I3M
MV FI % !0 4 -R=P&.".M(!U,"&+S,,9%"DL< -GCH/IQ2V FI@% %/3\&.5
MU.5:9B/SK*FU>5N_Z(TJ7ND^Q8E8I&6&..3QGCO^E:,A+H/IB$YS[4 *#D4
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MCOZTF!-;D,%R2,C!XI@2/$$^5>O/-+YAL1L'4$@8/?THZ6"Z'A@^<+@@9/-
MQWR@["&!' -#W8?,=M'&<^QHU 58@25) "\\FA>H"LHQA"00>:=^@;",X.#M
MR>Y)I:WW#U&  OC(P3@GTHN [K@ 8(]J0"LVY>4X .*;OW!,8C%E\LG;G&*-
M.HA0H)*MC.>U QIR7/=1R/:A@2QNJQG<F2WZ4@L@!:(KCJ3C'M3LM-0)T_B)
M!/!(:I8:=2D=H;@<U5P$^5%8$=^.*+B!2.0/F!Y(]: )!%)M)"G'THN%R9-R
MH0!A<?EZTM 3*PV2,=BX7/<\TV^XQSI\J]^QHWZB#84897*XH8*S'!0S':.V
M1^5*]QV0A4-@XXSVIZ"Z#E!Z 9X]>E+08\Q;EW 8SP0>U- 1.HV@ Y&,#/>A
M>@K&QX90"ZF( SL'/IS4WUL-HZ2F(* "@ H * "@ H * "@ H * "@ H 2@
MH 6@ H * &D9Z'% A%;=D$8(ZB@8^@ H * "@!A!)P0-M #Z "@ H H:/C^S
MUP?XF_#FL*6\O7_(VK?&6Y4WH5SC/>M6KIHR1)5""@ H 0@$8/2@!: "@ H
MAN($N(C')NVG^ZQ!'XBDTGHPNUL9US(S6<L.XPRA'==IYW DGMTR1CO^53?F
MNFAJRU1QL5U?LVV.XN6)[*S$_I0J,.D5]PG-K5LD+ZB2P+7AP/FR&X^M-48I
MZ1_ GVJ[[^8BK?-M"FZ.#\H ;/OBG[&._+^ .I;2XH&H><9%^V>80 6P^<>E
M+V4?AY?P#VJWO^(I_M%T#DWC*.Y#T>PA_*ON#VMG:_XBC^TF *M>'(X(#\BC
MV$/Y?P!UK.S?X@8]3QC_ $S&?1\4>PA_+^ >V7\WXBB'4V&5%X<],*]'L(?R
MK[D-5;[/\0\G5,]+WC_9>CV$/Y5]P>U\_P 06#4@  EX/8*]'L8O[*^X/:OO
M^(AAU,''^F ]<;7S1["'\J^Y ZK[_B!@U/).V]R?57H]A#^5?<'M7W_$4V^H
MC V7GS#NK<T>QA_*ON#VK[_B(;74L']W>9STVM3]C'^5#]J^_P"(?9=14#"7
M@R>!M:CV,.L5^ >UD^OX@+;4G!(2\.."</1["'\J_ /:ON(;/4@=VR[S[J]'
ML8]D'M7W_$!;:B3\J7><XSM>E[&'9?@'M9=_Q V6I $B*[_[X:G[*/9?@/VL
MN_XD3VFH!B&27@X)STJ_9VT)51O6X-9WPQ\LOOS2Y%L'.[[L5;'4-P 6;.<=
M31R+^K![1[W8DUM?P)YDHE50<$DFATTE?0?M&]+LO:*Q>.7S"SG>HY)I<J2T
M0[M[LU=4P;!RJ 87\J+]!6./0'.2#U[4")DP1_%Q3 <,@GG&>U #OX  .IH&
MB]I( U>V!R1OHEL!H^*E/VQ..-O&*?0.AA;<'CJ.U AZX'RD9[9HO8 YSSGK
M2&&PY)QTXI@6]-0C5+;@Y$BG]:3M8&:?BX?O(>.B^M'0?0YD#(Z8R._:@D<R
M#(&.,4,+"HHQ\P((R/>@ V8!Y/7.: % &/FQUH&(R@XP2!@9S0(1@<D[L>A-
M RU%;%98W*GA@?K3:L(W/&?.GV_!Y8]?PJ!]#C=@YP#Q3$(4((XH 5$W,H4<
MD\8ZTPV-0V&K8&%NL^O-'LEV0_;/N1?9=4R!_I&.W)YI>R79#]J^XHLM5&<1
MW _$T>S5^@O:ON(UCJ?5EG.3CDG!I^S2["]J^X-9:F!DB88[9/%+D7D/VC[B
M&RU XW)-GW)I\B0O:-ZW&FUO@P7$O7'6CD'SON*UGJ !RLP'3DGFCD7D'M'W
M)],LIX)R\L3(NTKD^M5\(D[O0TVX7*A20<8QVJ$UN58L0+\JR ;BPR23^%*Z
ML!%*Y\QL$@ G)'X4T,89I(XF<R,<Y(&*+(+C;.]$MRJ7 )C<\E>"*5K";3+=
MQ /F<#>I/RY]*J^F@$(C9-QA=EQ\N&J78+DD=TZ%4FBP,X+K3: "\<I?8P4#
M[I-&EAZDMNI2)A(<MD!3[4KHD9/&9SY:-LW="#^E-6ZC]":2SCFEBMK4JA9#
MYCXZX%).XK<H_48IMXD" 6X"A#GGZ8[570%;8K/((!D_=)Z9]/\ ]=)JZ'Y#
MY)S'L*+N).,9ZT6N'J0:BQB\R%""X.]B.WM36H-6W1EOD'[Q QD<4[6Z"+-O
M=M"5(;( [=J5K%:CS<2SR8R%#<GBE;J+Y#9LO(2D'F9QSCD<<FGK;0';J/A$
M$T#L\(CX(!'7ZTTWLQ-+H4[CRS* F<*.":2'8MSL4@B^;]V0K,2.]%O(!\3K
MY;&,XR?E '([T>J#J4Y%#7+;5RQY_2FKBL6F; P4(.[!)Z#-%GIH.Y$6)NM@
M^[P".WUH#R1!<+L+KNS@T/R$,M7 W X(QVZ]*5QHM QF41.P5C@[^P/H:3=@
M2[$DL!(&1A0N,XSWIKN'D0-;%6;<"#V4CBG80T2%5V.O0TM4,>NUE 5]IP21
MCGBACUL*"&523DYYXP<4)]Q:@V!(</N4#GC%/?H&H IE21C)X/K2Z "IM8G(
M/?I1T  I$G0X()'&:-0N(1N0?+USR>U&H#3D<X)P.<BEJ T-A3ZGFGZ *"WE
MC&#@\^] "QG)( &3Q35P'1;<-D\@X%(":Y;"LJCG'4'/^31J/8IE<4:B C$0
M.WCN: %1O+9F7D]N:+W$63<B0!8R0^1U]*-7N.]B2Z<K'U.YS@=ZGH%RK"C!
M2"<,./J:KR >5V1 #J",D4=0%8J?F))49XQ0@^8U6&_:1T^[Q2NUU 1OOD'.
M,]: '( I^4DX'X4[@/1B<DD#.>,\4:!N(<[E* 94Y.*.HG8U?#V#?3+C!5,8
M_&HZW&]CHZH04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!$^5.\#
MZ@#)--=@)!2 6@ H * "@ H * "@"EI@(L4)Q\Q+<>YK*FM9/NW_ )?H:5?B
M+9.!6NQF.H * "@ H * "@ H * ,S5(BL,MP=S!867;D<9'4<?7-&R&M=#FO
M#63K 56VDH1D=>QH:$=A%;I%$4):3=]YGY+=N:E12V'=E1;>9+R-V81P0(0.
M?OD^OIVH47W*;N[(MO'*P(638&&&'4CCM2:=[IDWMT%E CMBJ\<;5_'@46Y8
M@B1%"(%4  # 'I5+;40[I3 :CJZ[D8,#W!S233V&TT*2%&2< 4Q$<?FEB7 4
M9X'?''7]:& \(H(.,D$X)[9H 7< P7(R>@HL!7<2 0[2[MNY88QCW]JF=VKQ
M'>SV+-4(8R _,1R!^/\ GI^5,>Q&B+;I([.VTG<<]%X[>U+J&K8]BS1$QX#$
M?+N!Z^] A+>(11XP-QY<@8W-W- $U '*WTCC4) R<%R,#^=/S15Q@".&VDEO
M>@+CX@"[ *>.F3TH8KD6LL1I<@[EEZT!K8J>'AE)07 PZF@%Y&IJ;%+&=0YP
M1VZ&D"N<B, @@X [TQ#PI+'/;O0(>%!(Z]* ')MQC'0T :&D9.KVQSM^?&12
MEL/4U/%"XNX7.""OI[U70?0P,?.P'KC% K"@=3QS0 H4@<YQGBD ^W4-)@GO
MTIC+EEA=8MT. /- SBE+1 R]XK_U\([%._UH0=#G& 4GVXIDB[>0,Y&,4@&@
M$$AB*!BE1G< 3SSS3$(<9(QS2 '&T#<>U $]K )I@I8  $GVH0[7-1'CDNH$
M*D;77;SP1ZTFM!^1=\9*#8P<XPYXH#H<6,8(SP>],0CX&,&@!UN,3)SW'3O0
M!ZE'D0+GJ%&1^%) C*F#A2=C(0<<]O>F]"DT0EOGP#MX^\>A%3:S 8F9=V",
MIR>>F33M;<+C" 90&SDM@^]#V!L#'ACDLP[>E.V@KON5I(V1B$!.XXSZ4QW%
M#,8AOSDGJ>:25A7&. Z8!89'6CS'MU(X0&CD!."!P*&+7N3),NPJJX7IG/>A
M,-NHZ8%PH3@OCKTS1?7<-D13K_H[C&"H/YT_,#+LVS(I).0?RH0C=BG58FC(
MW+U%)[E;#'.UR&C+!O7ICL:.J=Q70YE(0OCW-._9C3(C%&P("%>,C'IFA78M
M.@D<C1M_>4=_2D_)CN3CYX]P;D'CV%"L)[D2 (Q<,4;/#"BW<%;H+YTNW#R$
M@$?*3D'!I620[L=/&KLO.ZG%I:"8TL+"UFN)"K.!B/GI2=MK@M7=E71K"^OA
M-?%AL8_=;^,U222)<M?(ANHV7(<#=TP.U&G<977YHR0>G:@!R[AQE0".<TFD
M")XYV11M^7(Y(ZT.UPO82-G$NW)"$X)_&BU]1W%EC A5@ ,MC'>@6Q).#)9H
M5/0!<>G%&@-C+$[IF1FRH&5P>XI#&R[OM@(Z9 %5;N!;EWN)-I'R  $=#CO2
MMW BG"%2P(!4<C'6@&5I9"^[(V@CC@4-,/D0PC$@ Q\Q HT$6UMD9F#,1[]0
M:8[,9)'<6ZE5E+)C(YR#4V6X)NUF,_M"99"Q56YY4\@T-#OY%D7-K*JEU:,C
MC Y!IW:Z"LF-:VW*70KM' SU/O35A6L0MYB-\V>!CFE:P_D68Y8F3YCL<XW'
ML>:/4+=43QQ1[P&P0",;OUI)]D*PL]JGFMY+87/3UJM!ZD4B2+P0RXXI?($R
M-7+1A  V">W-%GV C.YHLE3L![4?(!4520L9SGWHM=@T(8V4?,,<\#% NA(D
M7?'88 IM6Z#2)$CV$@-DD<TGM:P69'+D$D8]#@=*8;$$NT @$DCO[TOD'J-&
M"IP3]<T?( (* CCCUH D@=89"^T'' HN*W<)9VD=7+9VG"@=!UI6&.R JGH#
MGOT-# CPX.>W/.:879* VT$4;= &9'G Y('8D4:]@'@G:IR%)R1BBSV E1-P
MP#@$9S1J'4(H]ZX#KE>>M*X68)&[2-R >.#WH0:FMH  NY<$'*?CUI/H@Z&_
M3$% !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 QP60J"5)& 1U% #
M$#1PJI+2,N 2>I]Z7H!*#Q3 6@ H * "@ H :1D$=/I0!!9X6W"#HA*#Z XK
M*GI=>?\ P?U+GO<G//':M2!U !0 4 % !0 4 0+<1EMN[!Z<^M3S(KE9/5$E
M/5&"Z9<Y<)F-@">_'2CU&E<Y'P\7&M0^7@D@@Y].]%B=CN1TYH&!YH ;R&'I
M0!%.V'A7&=S_ -#6=3;YK\REU+%:$D!997:,$X4_.,<'CI_*IO?0>VHL 14Q
M&%"Y/3ZTE:[0._4>7"LJG@MT]ZL0^@!H8-TY&: $" 9ZG)SR<T !PB<# '8"
MC<:0BJ?+ ?!/>F_('OH(^[<@7IGYO8?_ *\5#OT 1U\QPC)E0,YSW]*'KH&Q
M-5""@ H YF^/^D3YP '('J>:-BBN8PSD\J<<D^],6I*K;  2-QZX[T:@5]9&
M-.;(V\J,"C4"+PTA,=P0!E2IS^= D:&J,PLW4  $9YHZ;CV.0SAL>](1*#C'
M'XTQ"CG)'&>:!DB#@#'2F(OZ4"NK6W09?/-3)Z#-+Q6V;J%.FU<_7)IK8?0P
M_?N/2F(!P3DC-( !^7EL8- [LT=!@,UYN(X7DDC(%/818GC\O7H.@ F7IWYH
MDQO;0=XN)%S!@?P'^=(.ASS<1@9QFADBD /QD'I0,4?,<GH30 G)7 X&<Y-
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M)QVII:B$=<,=Q&?I0 J*0J^_:@!X ?..PZT(5D,#C><D \T#T0UH_P!X .A
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M7MJ-&E;NOFP/'D.LO4]-M)J^@;%SQD,Z=$1_>H%<XD,.-W3TI@*<$\#'; H
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M@>]'4#3\+@_:YL\#9T'?FI:U#H=/3$% !0 4 % !0 4 % !0 4 % !0 4 %
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M#Z[AUH:=M 5NHWRY7GW2$;%/RJ/7U-4QWTLD2RL$B=CV!-#=E<25V<M<DHS
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M) C.0_O2NUDC/)SUZ=:;T&1.B'.&))/!(I7 9Y1$9&0 .F> :>P[,9$<9W,
M0<\5.C!I]BG+.)%PC$D&J2TL#%9H\@QCEN"3_6BXK">8OG*&?" #G/0T66]@
ML$DBLXVG< <@>M%[K1#%E)682D=><4VA$4APX9>0.5!Z]:3U#5%I,!/,( !
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M3V- #/*^9@<G(]>E.ZZ VR$[(P#M)(.-U-[CL,AQD[< D<Y]J5]16%6)!C<
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M ^O%#W!WL;=,D* "@ H * "@ H * "@ H * "@ H * &[ANVY&[&<46"PZ@
MH * $H 0#&>O/O0 Z@!@"@\  GGZT"22'T#"@ H B5R9G0K@* 0<]<U-];#Z
M$M4(:QPI).,#J: *^G<:?#SGY:RI?#\W^9I5^-EJM3,* $H * "@!: "@ H
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MJ '4 13[OL\FS.[:<8ZYQ4RV8XVNKD6G?\@^#C'R"IIN\=?/\RJGQ,M5H0%
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M>@R_O+:S;".\LG.X'@YQT^E0[M:#\Y,PQJ4SS&1F;).!CM56"YMZG&3*L8&
M(P<^O%/YB*IB$8QP<I5-]!%@R&5+4$G.!^-38=R>*0B^\P@CR\D@>@I2[#3,
MZ LUT7,9.YLD_K33LMQ/<EOPK3J,X55Z#G%%T!EH<OM')- BTV650F N<D#K
M]*?S#9#QD'KENN:7S'L/..2$XQ@"FVT!&,%58@^_K1>W4+C@0K [3G;@8I!\
MQJLK')& QIW$PDW!>@_K2?:XQ#D8+#@C@]:-]@%92.0<>U&CZ@,D)5#@^QSW
MH"X^ +P3SVHOJ ]G&2 .!THN#[$:#OUY& :70&*4((Y(QU IJVH$L4HC&Q@6
M&:3\@T>Y/%.6!7J,X /6BX[$J9(RAZ<X[BBZZB>A%(L$\F985+^J\4TWU$TG
MJ59]%C#AXF(X[4VXL6J*P:ZAD8-'OBSCGOQZTK-:HJZ;LQ/M$;94Y5B3E3Z=
ML4K@/!9<%<J"!SVI@3+<!8B&&2>AI *DFQOE!)/!S0!;B;$@W!=A4=1_GO1H
MF%B>RA62(LBL6! _2A UV)Q!/$H*3,51MQ![#O1978[LCE$V\L96#8[\Y%3I
MHPNPCFOH]K[@0O)!]Z=E="OY#.0@:1LL7QC'8T]!ZDB2@1DY)5N.1C%)(5B[
MI)S<2'<,A<<=^:0,UZH04 % !0 4 % !0 4 % !0 4 % !0 4 (.E "T % "
M9I7L M, H * (9\!-_\ <.[\NOZ9IQ%8E!!&1TI#%H * &,!D$G&#ZXI,:'
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M.&':B[>XRJP5'RC <YQWQ1H!9C.YR8V^8#DBBRM85R:/"N3M!(.>>]2_(+7
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MU!JW0<;=HK2'[&6ED<[63T/K]*-] ^%:B3QR*'+_ "2(0,'GM3M;0%Y$*KA
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M=B#D[E!!JE"2Z@YI_91*(KC#?Z2.1Q\@XJK3[_A_P2>:/;\2(VER7#?;7'J
MHQ_GBDXR?4KGC_*@F@G,$BFX+ @\;!R/2B2EW_ 2E&^Q7A2X6>&12VS&PDCH
M <]^1G^@]JSY91C%W7_ #FCJK&@5E\T'>H3T"\G\<UT$75MM1P5]A!?YCW Z
M4@TN(PER=K)CMD'C]:!KEZD+I<>8CJ4.#\P&0#1T\PO$=<&5HOW0CVD?-Y@/
M3Z4G<(V3U_ HV5J;JU@:Z5"J+^Z*%E8>O.:SI7MTMK^9I6MS.U[DITFW1-D4
M:!,AMK9(R.G&:WOKJE]QFFNI,-/M_MGVMHE\_P#OY/IC^5*[M8D;'I\,4JR(
M/F4Y .<*3UVCH,T7'==2?$^/OQYSQ\IX_6EJ/W>W]?<2)NVC=C/?%,EVZ"!2
MO3G)R<U*5KC%.[!Q@'MFJ$1Q&4\N\;#_ & :2OU*=NA*<XXIDE.\^T"RN"QC
MP(FX //R_P"-+6Y7N]#D_#2M_;<.T@85LY],51*.T;S1N*E,=LJ?\:7R*5B.
M)90YRZ'YLL N.?;]*5O(;M;8/],#$8@*_P )Y'Z5/O7#W/,B/F6\H7<N)L@
M X5L?7IU[5#O"S[Z!OTV_(MMYFWY2H/N*UZ$JPP?:?FR8A_=X)Q]>:'Y#]WL
M-=+AXMA,9####!'Y?A1=H+Q(D-\$((A+ @#D].].PG;L1F\E#O@0N@;9D,05
M('.:6KV&HI]"M>)=//:F0)CS@5"YX [_ .'UJDI:WV_KN.3BE9:,N[;P8*"
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M-LYP1S]*+=0N^YM^'?,%[+EE93'G(^OI4]=PZ'24Q!0 4 % !0 4 % !0 4
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M55VA&&T=0<4!8+AC-(@R"!V]:/D#&>5$G5 &'>G=BL*YW *""HYYH&,D*Y
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M<>M%O(1&VT$Y.>.G\J/D/<;UP!V!/TH0D,P &((Z]Q0]AV$4<9!X]/2CY *
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MD90WR@GJO3'>C5@A4"/)A6!PQ )%#;!H7YXR=IR1T YI;Z V^HN[9@, .,Y
MYH\F!)')D@!]P/&TBG>VP-]S0T146[GVQA6*@DTKZB-R@ H * "@ H * "@
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ME<G+(1@8XIZ,-.A&<] 1QUI:!;N/^SKYN&D'3DXZ4)I($AFPD!L$ 'D@T_5
M-5<AN<#'2A=[!J2QJ&8'/ &:2;;T"WD!VD;O4YQCK1J H", NY>IIZ@0/A47
MD@\C-+4!QC"G[V",G#?2BX69*+N*&W.?FD<8/&:&]= \R'S/,8$' (P>.OX4
M[M,+C$:2)^#R.<XI?,$]1TL\DN-V>3DCWHMKJ%]!J K)EL[03P:'8%J/+$2*
MR\@'&,466X!("^&4A23R,=:+!IT'!=S[]A(!QBAK38/4:85!7*'D8Y^M5MT
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M H * &2.(XV=LX4$G'M0!%;1[4\QA^\D +']<?AFLX;7[C9,IRH."/K6@AU
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MW4'78RCC)[$T:"*Q;:I5@"1R!VH&)\P@!V@CK0+U .H?:3P<$D&C0!SA V,
M9Z'-%T%DMB6,M\F[G(.<#D4(+(@E&X' ^4'J:8:"P*V<' )Y [&D@W0B';*,
MK\K'CVH'H3[3R,@$>E/00D()D;!!.,X[&DK#^0YU &#T!S33MT C.5(Y/'>E
M9OH"-;PZ[&]F!;(\L<?C2>X=#HZ!!0 4 % !0 4 % !0 4 % !0 4 % "4
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M$9Z#J<?G4R4G==/U"ZZC[>T#PS&1GS.6+C/0,. #[#N/>GRZW>C!MK0O*H1
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M?S 780"W!7K]*3U=PZFCX<P=0F(_YY_U%)[AT.EH$% !0 4 % !0 4 % !0
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M(SC-#]01*\A95#C!'XC-,!;B2-_NH!L]#U]:2]1Z$1($@8D9X.,TM +!C4J
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MU!>(!CO!/Y5+]!L29'E$\ !7#!MS#'%%[/4+W11G'D22+]X'OZ4_014GR44
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MT$! 8$$9!X(I@9>H0".SD03RY9&"KNX  R>/Z^XK.7N[%IMW.;\,9_MV'/\
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M>X[EBJ$1[4,94 ;2.WO0M :Z#E7:@7T&*'J T ^8S'&, #FD,26-98FC89#
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M % !0 4 % !0 4 % !0 4 % !0 F* "@ H 8R*ZE2,B@!DCLA5$1F9@0#V!
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M&  <\;LT)@P8G))[GUI):AT-+0'W7LHP?ECQ].:3O=!T.AH$% !0 4 % !0
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M 4 % !0 4 % #&<*5'<G I#0N!G/&>E,1P6I'_B9W) (_>-_.J @#<*0#C%
M  " %%%Q Q^8CUZ9H#0!P:!BX/<4 * .??O2T 7:#C'44P&E2<G.<\\T +_"
M,GGTH /SS1L(4=O:@8<9 (SZ4]4K  Z'/Y4D  <?_6H0P4 @]1^-(0-@D\4Q
MB%1TST&*+B#&!C'2BXAISP#0 Y5[GCBBXQK ;0?7UH0 ,*F <'-'R :XXXH$
M)C#'- ]1I4;6QGUH$,9#P5[4 )@Y)'7I2&=?X<MO+@4MD$C<![TVP->5E).Y
ML8XZ<BI'Z&>?)"2 %B1T_P :+ZC^95>Y", @(R,<4M>H(6>8,A520"N<*>I
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M!Q4IOJ&BV("I%O+*&R&7L>U,-AJ$M$N3M Q^%/H) @/F;P#CH<=Z>MMPOT'
MIY"[0<J22,U/D,8ZQ^65P=W4Y]*+WZ@0J/+&", #KBCYA?H3PC&,<\>F*&[
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M !Q_45-_>][Y%;K0D2>)]NR5#N&1@]15W5KBY7O8FJA#<#(XZ=/:@!3S0 M
M!0 WH#0  @@'M0 9''(YH =0 4 -*\@]Q0 W8,$$DY]:25@.&U5-NJ7(/.9&
M_G5I6$5F7! S]<TQ@%.S/.<T@'JA8D\D"G8!I4[PH]>M*PA">M Q1D4"N.Z=
MQ0,=MY]>*0"$=/I0%AF".U,!>F.: %Z$<]NXH!!V)R.>V:0Q< 8P<_2@6H#
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M^]$;K1@R:K$% !0 4 )TH 0@=,#UH AC:8W<RNH$0"[#W)YS_2D,L4Q!0 4
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M/F2$@J "2<#(HT6H%[PX"MY-D]4_J*&'0Z.D(* "@ H * "@ H * "@ H *
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MR&Y&Q$G/ES%1E6XY]CT/X5/-RKWAV[%FK$+0 4 % !0 E  .G/6@#'N-GGS
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ML-N#@4-VTN!(9D2W9%56!!Y-+YA9$4;E80H)W-R3G\J>@ #CT()Y!Z_6AVN
M?>YZ#!YH$,)PN.&Z#-'H,<QPN0-I ]?PH3 >C90[NQX(IH+(=&Q!(7J1@4KA
MH21;B QYP,8ST^M+383-/1&)NI<D'Y!C\Z'N/8W*!!0 4 % !0 4 % !0 4
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MK1J#(6;C&:!"$\]^:8  0>QQVH$../7Z^U+0$'W<X-,=A2 HX[4@#)P/3%
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M%+9 6X[4LPS\H/<T-H2\AERT40*;SO QQ2OY%6L5"VX>V*8A >U, (&!STI
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M^=8R;YDD:I*,;OJ6[=W$TL,K;BI#*QZE3_DBJO:5A22LFBW5$%2:-OM\$D9
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MZT7#Y#F8EU.<C'TI[Z6"Q?\ #^3J$QXQY>/U%3<+>1T5,04 % !0 4 % !0
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M@F8*2>!W%,3*@MQG)'3TH$121JA/[L].,4!H1B)BHP.>]%@+<-FV[J<=,4:
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MVXI^1/S$8!HW8 X!X)-%^@R>R"0MB8'80"IZX-#=A&H,L6[@=1[4AD>413L
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M5&^P;E*/"W*Y;&"<CV]Z>H:D97+%?5NM+86O0F"A2VT]#Z^U.SL.Q6D QC)
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M8'P%7H/2FE83:M9(AV\[LY) IAJB^,QV;!75_48Z=.:?70$NMA8F2,R,8P5
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M1\PJ<J<$_K1:VY.VQ*$_=L2N1Q0MBKHJ2QF.8D]#G!HV $)V#L!0&FPKX4X
MXH8E8GM#NC;)P5P/PI6"PKOUP#@<T#-3PX?].FPH'[OK^(I=1:6.DI@% !0
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M=1L;M&RE5Y!!Y/6@+I&J[$P+,N0& _.I0$$@&[ !P1U]*;8#5QL)YW8X]_\
MZ]%[!<AN@?)#D9'2F%RJK@$KC SD@T6U#0D.-I;'&,<T7[,6C);8%(.G7(!H
M0QS9Q]WGUZ4@-/P\0;Z3 QB,_P Q2 Z.F(* "@ H * "@ H * "@ H * "@
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M*4Q:+9; &=H4"+G&X[<]?H#4RERH:7<N00K#&%7J>6/J>Y-->>X-W=R:J$%
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MO</4FBQY&$X/.011<8XXV9(/3@4@-+P[_P ?T@P #%G]:0,Z2F(* "@ H *
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MC"CZ4MM>H[].G<M6NF002M,P\R9CDNW/Y5HEH06R& )7D]@?6BPQN29]I4
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M?:M2"D]F\D@/F80<CO6:A>5V6Y=!9(5EU(<;=J@Y'4G-3+6:BQ625R_6Q(4
M-)"@DG %)NP"D@#)X%,"(.NX*#R<D?@>?YTFP'N2%.T9;M30T("2W RI&<YI
M7["$9<$.%W,.G./K2:ZH=^@D."TC!]P9LCGIP!_2C6X,40QC&(U&&+CCN>I^
MO)JA"%V\T1A3]W._C ]NN:AO5)#%;<I)ZKCICFJ$.#98@;ACCD=:E.[L ^K
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M.G-1UN@$MDAE+8=0<;1N&>_Z&BZ3!IE:2,M(%9E.&R>>M58;U)U0+A3M&>0
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M_I2^0,<K*)3M<#G@9YIO<+,1U$>%4G/()'I19!9D(1_-!89P<G/^-*R2!BJ
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M#B^EP.IS_P#6H]BM]?O8<[[?@A&UG5 !_I\H'UH]DO/[V'.^WX(;_;.I[/\
MC_F_!J/9KS^]ASOM^"!M9U0\_;Y?H&H5-=+_ 'L.=]OP14DENRY+-(6)R>O)
MJ^2VEB>:^MQ@>YP.7QU'6AQ87'/->-C<TA^HHY6AN;>[%-Q>KA3)(,\XI<H<
MXSS;@D?.^>E.PKC?+G/\+_D:.5BN@ N$;@."1[T<K"Z'1S743,T;.K'@FERW
M*4K;#Q<WN#B23&<\9HY/(.=H89+MP,O(<=.M-0?1"<@$ER ,&0;?TH<7V"X\
M7=Z1CS9.!BDH7Z%<[$:[NR^3-)D4<MM+"YWN*)KMB?WLA[FFHM;!SL5;V^1<
M+-*!GM2<;]!JHT*L]^[%EDE)/4\\TU"RT0G4>[8%[XK@M*1G.,4<C["Y]+7'
M>?J./]9+@?I2Y+:E>T>P@N-0''F2CO1R>0O:,#<7XQ^]EP,T<GD'M'W$2YO\
MAA+)E>AHY= YVA3>7Z[2)I=W;BE[-=A^T;ZA]LU'KYLN?I1[.W0/:,<;S4=N
M#+)@^W_UJ/9];![1C#>WZ_\ +63 ]10X6#G8TW5YDGS'R>O%/E%S,5KJ]FQN
ME=B.@Q0H6V&YL>;G4,9,D@.>.*.0/:,0W=^[%S)(3ZXZTU 3FV(;B]\L#>VT
M>W2CE#G%:YU!PK&60XZ<5/(ANHP^U7SY!E?D9Z4U&P<[!;Z_ V+*_P!,4N34
M/:,#/J&X,6DR.A*U7(T+G(S)>,P^:3/IBCE%S!]HO$/WW!%+E'S,E>6_"@%Y
M".N,=*?LWV#VC?47SM2)WAY22,9QU%+V6EK![5WW'Z-#(+TEE8#8W.*M1<=6
M3?4Z"YE(MPJH<'G'KBH^9>B*Z1&.V12"&)W$@]?K0VA)CEARS-D  _G3OY@+
MMV':V1D9!%"L Q8-KL6 9L],]*7,%A25VD'@CIFGH"2W ?+'\^?5<#K1Z 0A
M!YK$# Q@D=J'9L-"X$!1BG)(Y!I [,A,32-@#:N.I_E3=K:AIT''@*$ RI!R
M.:- T["L\K@RM,Q93S0DK;!=DL;."^)1MSC'7C^M+31V'Y%V*U!MA*0H921D
M'M]*%H3\C+U.V1I&,97((&T#':JN%C)C1U1N25'7CH:$@+$TD36\3JI0!0K^
MY]:6O8>EM!J-M(D0$8.WKQGM3LQ%K&^-G8Y;@$TMAV;!Y2)0L398'''<46OH
M%K%F.^,0"JV,D[@!U%"3N.Q=MKQ&(*X\LGYU]N@I:A;N,=8YF+1!@V.QS_\
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M7OCIGGCV-3=\UAV5KEPL 0"0">@JR;#J (V#$J0V,=1CK2:"Y P\AG9&PTC
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M!P.,'%.RVL!DL&,0(Y('4T /0* 0YY8 T;=!)#<%MI7J!1;R"_89+$7MVW#
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MP%SR*5TF%FQDRAP/+'!.0N.0*>@%<;UD8*,9YQQ0[)ALA\:KL?/#*>14];6
MCR2_R!=O)Y-58+6T$!:0 -)P1^&*5DM+#UV&2,NT"( H.GN:=_(+- ",[206
M'./6A:=!->0U5+W(9   V0*;7<+$RRB/>SD+QQQQFBUMPM=Z%^TM$"EIGC52
MH8G.14\R2N'*WHD2Q6]G(N8[C !Y!Q1S*]@Y9(IWTB%Q# X9@,J<=:=KA:QS
MNUH[EHPW(X)_&G86QL6PWR+(Y7A@I4FDQZM:&S<QQO8+SA@^..QH6H;'-71_
M>.XXVMM) X]J>O4&QZ21^2P#F,EB0G<4F-;#'8RW.^,'!'/M3Z$Z+0T;:W9D
M#L=NW@$#K23&6@[21A5;<0,XSBD@'>8([:/?&"=K9]<GBF[[B5B&$1_9]A^9
MW(.2?TI:]Q[NXV"1OG4)D G '0T]7U!M=RO+<>7(RMN"X(&?6GML"9468O*S
M, >.0?2B]NH/4FMY0A*D$*6Y-)M[W"ZO8;=% ["/E<[L@T;@$$PPK,O7D^AH
MU[AH++()-X*\\D&CYA>Y0NU#*&4$E?>A@]".!\C:1@D\8/>@1<&1$1VS@CN:
M8=!FW>Y1>-O<FE=)78[,:=N]@&!QW!X-"]0:MHQ&^6-F_N@Y- %>!IKF58XE
MVY_B:GJ3=+8V;:R**"Q!QP:3?8/4?C$C87GD@4;%)( ,D%!G Y]N:+]1#-VT
MD[>O3FDQZ#3(NX;AG)Y(IW 8I+<DCCH<4:(>@NY3DL,\X% K 'R/E& .<4P$
M*EW S@/Z4K!T%V@*HVCOT/6BXK#B3(W./3)^E ^@UR 0,D<YH$1-( W!SU&:
M=@LA%4;CGJ2>*74+#R[*!@ $<@T,=K$-PV'.0 2HZ=Z!,%B(9>GJ>* MY&S
M(HE1IP0R?=]*3?1#2N372EHP\3J6 YV\@TM&/;H5K>ZB57SQD= >5(_I1UV"
MS+OG'R2X;;@#CM0(719VDNYE+;EVY'K2V&WH;=42% !0 4 % !0 4 % !0 4
M % !0 4 (.E #4R5&X8/M2 9A5SN4C  W'N*G1:#W&1@;G,2KC<223U-%[OT
M'MN2\_*3UZ$=15)W0B,0*JC!/RG(X!Q]/_K5,8\MT@OY"PSQR,45LN%#$'J
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ML22[@\S*6&0 HP*+.X7[%BK$% !0 4 % #0<B@! ", =,=SS0 X].* "@ H
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M3WIIM.]QZ=Q\LK>6/*145@#P<8J5Z@M"K(I!YZD9R>QJKI[BN1NF"=W0C/%
M!$J'>&+=.,C/U%'4&*N=GRKCGMWIH!TJQNJ[I-IZ8(]<TMN@:E<(<E?O;>>*
M>SV"UATFX!=H(Z?RHUV MPW#31I;2$;4[X&<4MACVMDGG AP0,<O]*+M:,5F
M5S;JCF/;R>F.F<T[]0L1/:[B8U[G!SWH%U(19[9(P7!4GI0V&MBQ(B+(QB4@
M@'!'%%[K4:]W9EG3IRDBIN"R>60&QU'I]:F2VU&.NWANKD!7  & 2?3L:5Q-
M6*LZ!"64Y&,^U4]>H6L2(RJJX'ODCD4)Z:AZ$?F*8ADYP<DX[T;=0"7&"P'
MP*8)JXU8FED4I\N%R<FCIJ!8:=C D;;0!DYQSBI;UW'T&O/N56C7E5P #BCY
MB)[=!(^Y>&(.<]CVIMK81#([(S]B<#-)Z;C%25(\$*02,<4W;N/0>JE8-^P
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MCGFBX,:ZXVH#D$X/UJM $EDDA/E@JVSA<5.@72Z#WF:60.>JC !]J-@&>?\
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MNY8CG# #(]>:=O($K;#6/F-G/)X-.W01820(';;D^IYXQ2V&03MO7= 5P,8
M/(]:%J]@U16X9@0W7KD4[:6L(LI"=@"+N;.<CM3#846USL+C"#CG/7FIMT#7
ML27$1\G?G>.AXY%%K!Y$#QE8UD)Y&3GVIM#U&@ED#*VX]Q2MT!@QR'(8?>Q@
MT]@MY%6YB+0EMW(Z46T%8@MIBLNWL>?I2U$:BJ/.W;N" >!VZT[>15F2_8R=
MX^\4&>?S_E2U$11P/+GRUW%#D '^E/J%[(N1//%$91""5'WO04K-Z#TOJ1?O
M6CE=L[@_)SSDT6"[N3;X68;@590"03U]:&]![%:1HPQ,3'!7H:%<" .=HSC
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M #D#.?6C46BZE-8(F964N%W<Y'2FG;8+/N1@B,N@R=RD''&/\\4;ALMR1&8
M''102>YHMYAJ*%29"X!5RQ.#_*A+H+YD,BEB52,?=YY]*-^H7!5"QR-U PQ'
M<4:]Q]2%590S)D<<'%%]!)V9I)<@JJ@$DX.6ZXQV-*S'\Q43F08.,;<XHN]
M$0 KM(XW8Y].U,"NKKDIC"\C([&BP:; <+">22>PZT;]0$6+,:EA@=30FNXA
M4 #;<$L1P?:FW?J,AG(>4-MYQ@\=:%="LK&?/"8\NH(4T,">"7<H4@\ XP:0
M+U+40*-\I'/&#1H,5Y'B;<3R><]Z-%L%R)I&9AO.< CD]*07$=T X ]J8#"
M/N]1^5&C$ SNWY7KCFFA]20D[E*KP.@/>D&@JM@%L'&3QF@0J, 2&X[XZCZ4
M#TZDA8[\* %'3VI7N'H*\3  XY['TINUA#53*X;&!R">U.]E8=K@[)''\I&3
MU'I4MA8B#EB?E.33$K$3-M10,Y.3D=*-P!OEDQP>F* L/Y&W<"!G-&EPT)0
M"3D#'/6B_2P[#-Y=<$X(/RMTP:+(/0:592JR$?*:!$H=2VP#&>!CI0G8:5M$
M*FY'?+[<'L:/D%WL;ED8YH'21@WRD'V^E2@=PTN()JT[<Y,?)/U%-N[#H;=
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MY9_2GK<!6 #ACV_S_6J!;6&R#<K(Q(5AP1VJ6DUJ!&QD:1H'P-T>5<#HW?\
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M%0F-BQQ[<46L  <DD].WI0#%( /4XZ4 M![?-C(P,8Q0,CD7!QN.!R<T6%J
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M % !0 4 % !0 4 )0 4 ,#_,5VL,=\<4KCL/S3$-/#9SP*3N,=3$5+5#;A8
M"0"W?L3D'^E)]PZ$EVD,MNT=P 8FX;)P*86N/0+# J\*J#'7@ 5-^XQ@#,RK
M( VWDD=,]O\ /TJEHKDO5Z$I"@[L<],XHL,.=O#9.>/\*0P89'(R/2AB*HLE
MWON12I(*@$@@Y!_I6?)?<KF["2V[-*C>4K;AB0LQ!XZ8I2A>5TMO,$[:$-W
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M=*5D ^F!6EC4N#N*N>F>1T_R:5[:=P\Q9$6:/RG.2<$C'H11!M6ON*2NM!D
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MDDC=R,4>0[6'LI$9*' 7&01WIM>0$T<HD!#_ "D'*DCJ?2E9I[ 1$*59A*0
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M!1=@SU[CUI)::AIT W$\C.5<E7/)-/E2&V*@DE7MDX7!X&*-!:LE:(&&12V
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M'8?2EH%AI?S%)3/; -.UA#IXE67.,$@-QVIIWW"Q3GW,,Y( & 10(2!OLAC
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MBDA$1CVA<;=N#WIK<8UH8W*_/C!(()[TD^X*+Z#Q$8P0K*P(YP>E.Z#8;MV
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M)-H 79SD<TN@R(MA3@9 )XS0 I &-IQD=Z!   ,@\ =^].XR, Y )YY/7K2
M,@#(YYX[T;@:GATDWLF3C]WT_$4NH=#HZ8@H * "@ H * "@ H * "@ H *
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MU(QQ0D[ [=1D:!\9X/;W-/4"9DVQ;2Q&,D >M"5Q:C4;;"XP0211L/< Y#$
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MR =:K&K,)@6 .W"]L]ZD5NI/D./W"@9("]\&GTU#1,K20EV#M]]1QZ<>]/H
MRWC9[F1G3A!DC/./:EYCZE;!&]PI4$Y4FF(DA(E 78/,4[L^U)W3':YKE(F5
M7)QZA1_A26M@MV,MR9YC';H3)OP01R!ZT]0=D/95C<HY?=L"D 8R:'8$1(P.
MV+A6Y)8CT[4,5K;%69>"QVD\_G5(=M=2FZ8!)'7@C''UI>A(6\XC8(Q)!&!0
M-%U&#%22>!V_K1Z(?0DW+LQ@')/UI:O0+"E0-K$@X[^E-L1&0&4L!C/O0%A
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MBD]PZ'24""@ H * "@ H * "@ H * "@ H 0]* (V.&/- #U!'ICM0 Z@ H
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M-/HR*.;=,GE%7BDW9(/W2,#'YYI;-/O^?]?>-K0MUH2-)QSCC')% #N] "T
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M!CI0M] OT8W8Y'S(V<X(Q2L^P71(89% **1QZ4,!4A9IU"]Z&P'R1'>8S$V
M"21T!IIAH1B!MPVY'&<CJ*&];!L2B%D3*QN O.1_.D]@OTN.BMKB&U><LP09
MVICG/K1I\P3?R+$$TX82-'MW #"#!^M39=]1W35R6YE!0) &0,,' YQGO3WW
M&.6W,Y,J.92@Q\W4TE9:(F[ZA8VSQ7!+ MDY*C/ [BF_(+C+B06[$&-E+*<8
MZ]>]/=#37<RW\^3&[.U2"!0U85TS1BD_=KN#;^_R]Z/(-.Y0N1+.<[.Y(P.E
M -HA%NX_Y9GCUI[BNAYMWW*/+8>WK2]6*Z)((Y8V+HAZ'%&Y5T3QQ-.PRK#^
M\ #Z4MMPNNX6EM)$58HQ49.?6FTKV0AB_:(I'NH%().TAAG.:&-M7+R3&XV_
MNV25U(XZ5-M=1MK=,L>6RHK31G8" 05YH2L*Z9!=!IKM?LV_8>NU<#(_^M3M
MU872ZC);!GB:0DX0@D<TQ7U'HD1>1 )-V"0P'&1VHL/1/1F->-<W$CQQPDDG
M[V#P*:BVB;HB73WC5<HSR'^(@\4[=@]1ZVTD<F&C?:!QP<&BS[!IL-6T<](G
M )Z8-%O(+H<MI)&^&5EX]#1;N%QR6<DD3#8V(^2 #G'K18+C6MYMZ@1D*>!Q
MQ0UW"Z+T%L8P6(9_+)4J,_A4[E7?5DUE;31*?W;?,#@X/3TH8E8A:%L*65@'
M&<[?0T*]@NBN\):7"1MC&>1VIJ_4+HB>VD95 C<(23C:>#3MKL)M6T992*[C
M50H=D' R.*5E?0KFZ,E$<IEP]MAADX[&CY@FBS;P #>T;<YVD+T/H:2;"X\1
M[#("F74 A"#D_P"12LPT+B(L4"NK%"Q)#8Y ]*$] OIN-U"W$EHA$;;QU-4N
MP;=2B;29$C)W<@G('(I/8+BB"5!LD5@0,@8ZT6>]PTL."/\ 9657?C^#!R.U
M%KZ FT]RFUC,L^PQ.RG!7 Z\572XKKJ5I[";[3*<RHI/15I60V]=Q\%G/'<E
M2LS1$$@E>]%ET%S>9?-F=RL(7)] M)-A?S)K);N%$MUC(5B=P(]>^?2CK<+H
M@NK:X21<QDEEV@=:K5]1W74IFSG0%FB("\9Q1TO<5UW%2SF.\"!SE>1C!QZB
MDWYA=%:33[C./(;;[ TWIU%=(B&FW!#(UM)P<_=/%%@NNXW^SKH$.MM*>.H4
MTK"YEW+/V.X9,^0X!/\ =/%(=UW'BRN"-ODR CMM-.]MPNNX?8ISN/DR8)
M"FC0=_,7[%/GYH7RHZ;#1<5UW%-I<$'$+Y/0[32\PNAHL[I06-O( &YRIXH^
M870GV&[,F/LTGK]T\BF@NA18W P1"^"<#BE>X[H/[/N@I'V>0,!R-IIZ6%=$
MD5C<A2# _(R.#S1T"Z)4T^XB&YH7.!W%+3H5<5[2=FXMY.G0J>:+IH+H8+&<
M8_=28Z=,T75P30+8W$98^1(?7Y31=!="FPN"0/(;U&1UHN+0O:#:S07DKR1,
MH*8R1WR.*&%TS?I % !0 4 % !0 4 % !0 4 % !0 AZ4 1/]XT 2T +0 4
M% !0 4 % !0 4 % !0 4 % !0 4 -(!H =0 4 % !0 4 % !0 4 % !0 4 %
M !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % "4 &!Z4"L% PP,YH ,"@!
M: $P!0 8'I0*PM QNU<<@=<T!87 Y.!S0 4 &* "@ H 6@!* #% !0 8'3%
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M * "@ H * "@ H * "@ H 2@!: $H B?.\T 2T +0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 AZ4 0N/G- $U "T % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (: (9/OG
MF@">@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H 0T 5Y/]8: +- !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 AH J3?ZUJ +E !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 AH J3#]ZU %R@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 0T 4Y3^];ZT 7* %
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * $H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!
M#0!3E_UK?6@9<% A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * .6UZTN]/MUN+;4KLKN"E7D/?OFA\KZ!=W-#0-7_M*W,<V!<Q
MCYQ_>'J*G;0;[HNW]F;N+"W$T#*#@Q.5Y]_6J5NJ$9?AJ&6>RCO9[NYD<LPV
MM(2N.G2CW4K) =!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 (>E %*7_ %K?6D!=%,!: "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * ,7Q3_ ,@R//\ SW7M]: ,O6]/FTJ\&IV&(TW<
M@=%/ICT--KF5^H)V.@TS4(=3LUFCX;HZ=U/I4(;5BKX6_P"0%$/1F'_CQJA&
MQ0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 -;^M %
M&7_6M]:0R^*8A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * ,3Q7_R"XO\ KNO\C0!KRQ)-$T<BAD88(/>A-K5!:YQMREQX:U8R
MP@M;29P"<!AZ'W%.2OJ@3Z&]X6!&@PY[LW_H1I ;% !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 UNWUH HR9\QOK0,OB@0M !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % &+K.GW^I*(4
M>WC@5@P))+$C\,=Z$E?5_A_P1Z6-*U^U>6?M8B#YX\HG&/QHM;J)^0S4+&+4
M+-[>8?*W1AU4^HH3L!'HUI)8Z9%;2D%D+9(Z'+$_UH=N@D7Z!A0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 UN@^M %"3_6-]:0S0%,
M0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M#6[?6@#/<_.WUI#-$4Q"T % !0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M$_B(&UA^7'Z5#BULQW1U]I<Q7ELEQ VZ.09!_I]:$[A:Q/5""@ H * "@ H
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M@ H * "@#E/&4Y+V]NI.%!D;\3@?U_.@-C4\,3^?H<.3EHR4/X'C],4 S7H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!C]/QH
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M<CJQ%RNLW')$9C@7(Z88;OUIK8"3P5<<75N3_=D _0_TI=0.JH * "@ H *
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M]EO;PNL*MN^8?,QZ=!]:J*DV2VDCI?#FFMIVF@2@":4[W _AXX'X53[ ;%(
MH BN)EM[>29_NQJ6./0#-)@< @O/$&K@.WSMDC/W8U'M3202>ED="/"5N%P;
MF3/<A%_PJ[Q[?U]QFXRZ6_'_ #.?UW2)-*N$82;XY"2C 8((['WJ6DUH6KHZ
MSPW>R7VD(\Q+21L8V8_Q8Z'\B*E:%,Y[Q1>3W6J-:+DPQ$*J#^)B.I_/%"6H
M7TT-&U\)QB%3<W#^9MY" 8!_K5W2,[,RM=T1],:.>&0O&S8#<!E.,C/ZTGRL
MI71TOAN_DOM*#3\RQ,8V8G[V "#^1J4K%,UZ8@H S]:U#^S=-><#,A^6,>K'
M_.?PI/L-'':=IMUKEW+*SYY!DF;G!/8#OTJHI)$MMFS<>$4-N1#.#(.F]>#_
M (4[Q_K_ (8E*2.6N_M"3^3<LQ> >7ACG !Z?3FILEL7>YZ)H_\ R!;+_K@G
M\A0!R_B;5Y;FY:PMV(A0[7V]7;T^G:E:[U'ML6++PFS0*UU+Y3GG8B@X]B36
MGNHS:D]BIK/AV6Q@^TP2>8B8W$#:R^])I/8:;3-7PQK+WJ&SNFS/&,JYZNOO
M[C]:SV=BQ/%VHRVMO%:P.4:;)<CJ ,<?C_2AJ^C!.QFZ+X<^W62W4TOE(YRH
M"@DC.,G-:KE2(=^A/J7A4PV[RVTQDV#)1D&<>Q%+1@KH7PCJ,OG/83.60KOB
M).<8ZC_/I6=K;%WN=%J=]'IUA)<OCY1A5_O-V%-B2.)MH+[Q!J!:1O,8<LS'
MY8Q]/Z4X12"4NQL'P?\ NCB\RWH8P!5WB3J9%E=W7A_5&1U;8&VRQ \$>H_F
M*SDNJW+3TLSJO$C!_#ERRG*E5(([_,*8CB+,W,@:RM=W^DLH*KQNQGC/8<Y-
M%KL+V--_"NH Q@1QD.0&*O\ <]:NR[DIOL7_ !C$D-G8Q(,*FY5^@ %04:'A
M$ :(,#'[QJ ,'Q@3_;0[_NE_F: (M+TJ[UMA(\FV&%1&'89' QA1]*I12U$Y
M-Z%_4/"<J1&2UE67:.4*[2?IBG[KVT%JB'PQJ\MM=QV$[;H)3M3<>4;L![$\
M5G:S+WW.PN9TM;>2>4X2-2QH>@D<%-->^(M4"+SG.R,GY47U-.,;:L).RT-M
M/!\8CP;QM^.<(,5=X]OZ^XFS,2\M;[P]J"/$Y7/*.O1P.H(_I42BF4FT=KI-
M^FI:?'<J-I/#K_=8=125^H,YWQ7JTC3G3[=]J*!YI'4GTI6N]1[!IWA:22W5
M[IA 6 (0+EA]:U]U;D:W*NI:+=Z,?M=K,3&#@NO!4'U'I4N,9#BVM"'PKE=?
MMP?1O_032&>@4 % "4 <!X:&/$=L!T^?_P!!- '6>(QG0+O_ '1_,4 </8?:
MY&>QLV;_ $E@&5>-P&>_8<T<JDU<=VEH=#!X0(A'F785_18\@?GS5WB9I/J8
M>H6=SH^H*-X21</'(F<&HDD_0M-H[O2[O[?IL%UC!=>1[C@_J*2 N4P"@ H
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MM],LWC>VE=W<L74#I@8'/^>:F7/T7X_\ >G5FJ?%]L",6=Q^0_QJ;U.R^_\
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M@Z%7U260KGRH^#Z$D#^6:?01VM(9RWC?_56?U;^E %[PE_R D_WV_G0!@>,
M!K.1U\I<_K0!UVE0+;:7;0J -L8SCU(R?US38%RD!YWXAC%KKUQY1((<2#V)
M /\ .AZ@M#I?%4Y_X1]2O F=0?IC=_2@#!\.:I::69WF@F>5\ &-0<#\2/\
M(HUV0:&Y_P )=9?\^UW_ -\#_&DE+L&G<R]?UJSU2R6*.WG65'!5G0 8[CK3
M5^J#3N6O!#MLO8R3M#(P'H3G/\A0!BV@&H>(D\T B6X+,.Q&<T(&>BT 0W,"
M7-M+ X^612I_$4+0#AO"H']OP<=%;_T$T =_0 4 )0!P'AK_ )&.V./[_P#Z
M": .M\1?\@"[_P!S^HH Y[P7$&U*XD(&4CP/;)_^M0!VE '*>-L V1QR=XS_
M -\T :GA?_D7K8>A?_T(T :] !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0!D>)9_)T:1%SOF81KCW//Z T 1Z[&+
M;PWY*\A B?EC_"AL:V.(MIC;W44R#E'##\#0(]/1A(BNO(8 B@!] !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!'+T% &6WWC2&:XI
MB%H * "@ H * "@ H * "@ H * /.-./_$[M<_\ /PO_ *$* /1Z "@ H *
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M^!_^RT :GA?_ )%^W^K_ /H1H UZ "@ H * "@ H * "@ H * "@ H * "@
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MFM;&!T$GREF^^0>P44^638KJ*N8D"-9ZE"9 8S#,N[<.F"*NUMR4[GH&J_\
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MPQ8?,_L!32;>HFTMBIX64CQ!#GLK'Z_*:8COJ "@ H X#PT"/$5MG_:_]!-
M=3K/$7_( NL?W1_,4 8?@I2+J[)&,(HZ^YH Z^@#E?&P)-C@?W__ &6@#4\,
M#'A^V^K?^A&@#6H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@!CHKJ5=0RD8(/(-%[ <CJ<EWX?U%19.1:R?,L;?,ON.>GX4FDW=
M:,:?<U--\36EWB.X_P!&FZ88_*?H?\:F[6X[7V-RJ1(M,#$TT_:O$6HW))(A
M"P)[?WOU'ZT+8!_BCC1)?J/YTAKJ<!GBF(['P7<;K2>W)^XP8?0__JH Z:@"
M.::.",R32+&@ZLQP*3=AHYK4_%!"[=-C+ G'G..,^P[TK2?D&B)?"\,URTNI
MWCM([?)&6[#N1Z?_ *ZJR2T%>YTE !0 4 % !0 4 % !0 4 % !0 4 % !0
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M&O\ GO0DV]6-VV1Z#:P):VT<$0PD:A10P)J "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * ()^GX4#,P]:0&PM,0Z@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MC/UJD2>E6ENEI:16\?W8U"Y]?>D]1D] !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0!6N./RH S3UI#-A:8C'UG6YM,G5%MED5AG)?']*EI]!J
MQH:;>?;K&.XV!"PY4'.#37F#+=,1E:WJQTJ&-EB$CR' !;&*33Z#5NI3TKQ&
MU_?I;20+$&!P0V>?2DE+J_Z^\-.AT-4(8["-&=NB@DT <W8>);B\OXK=;5 L
MCXSN.0/7\JA*?=?=_P $IN)T]62% !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % &<VKV@U&.QC?S)G)!V<A>,\FI3OL.UMS1JA!0 4 % !0 4 %
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M*D$>U)-25T.UMQU4(:S!1\Q ^M3*2CN[ E?86J 6@!I('4@5#E&.["PZK *
M"@ H :&4G (S4*<6[)CL.JQ"4 <#X;X\06O&,[O_ $$T =_0 4 % !0 4 %
M!0!R'C4?Z5:_[C?S% %SP]IEG<:)%)- K,Y;)R><,0/Y52FUHOR0K*YH-H6F
MLFTVP '3#-_C3YWY?<@LC/U#PO;R09LR\<JCA68D-]<TDT]&)*QSNE7\VCZB
M"Q9(RVV:,_7!X]14/0M'H8((R#D&F(=0 A( R34MJ*NP"FG?8!:8!0 4 -R/
M7I4\RZ,!U4 4 % "5-T!E^)2!H-QG_9_]"%4!F>"\?Z;C_8_]FH ZB@ H H:
MX=NBW9Z?NR* .3\-VMO>ZH\<Z!T$3'&2.<CT^M-.PCJO[#TT=+51@8ZG_&GS
MO^D@L03^';"0,8D:%R, JQ(!^AHYNZ$XZWN<A:32Z5K(?^**0I(!T(S@BH:*
M1Z/3 X%LGQ3T'_'[^?[R@#OJ "@ H * "@#+U'0[74KE9YVE5E4(-C8&,D^G
MO5)I= *R^%K!?^6ER?\ MI_]:GS+M^?^8K$%_H.E6=H\\TUQ&B=P_)/H.*3F
MNWY_Y@H]CF],L)-2O1#%E0>6?^X/>D@>AZ%%'':VJ1J=L<2!02>@ [TAG"3O
M+KNN *QQ(^V//\*#OCZ<T1TW!]D=?!HMA#:_9Q;HZD<EQDG\:?-V%;S.;\1Z
M*EABX@X@=MNS/W#[>U-M-7!)HW?#-\][I0$K9EA;8Q)Y(['\OY5FM-"GW(/%
M>H/:V:6T1VO/D$@\A1U_/_&AZZ G;4H^&M#BFA%Y=*64Y$:'@$>I]:T^$DWY
M])L9H#";:-%/=%"D4N9]1G&1^;HFO<,=T4FU^V]#_B.:30(]"H R/$MS]GT2
M8 X:7$8_'K^@- (J>#K;R]-DN""#-)Q[@<#]<T 8OB@YUV8>@7_T$4 SHK+0
MM->Q@=K?+-&K$[VY)'UI\S%8F_X1_2\@_91Q_MM_C3YF%C*USP_;PV4ES9JR
M&,99,E@1W(SW[TKW"Q2\(7C0ZDUIN)CF4D#T8<Y_+-2UK<H[6F(* "@!: "@
M H Y+Q3JGFO_ &9;Y/(\TCG)[**E)R8[J*N8NCC&LV8(Z3 8Z58CT>D!S/B^
M^,<$=C&V#+\SX_N]A^)_E4VNQ[(C\.:'!)9B\NE$@D_U<9' &>I]^*TO;8EJ
M^AIZAH%E=VY6*%() /E=%Q^8'6CFZ,5K:HYGP]=2:=K:P/E5E;RI%_VN@/Y_
MSJ&M2UM8Z_5[PV&F37"_?483ZG@4,2.+T;36U?4&$K-M'SROGDY/3ZFJ5D#U
M.R31M.2/8+.$CU*Y/YGFGS,GE.9\2:.E@Z7-KE(F;  _@;M@^G^%)V:&KIG1
M>'[\ZAI:2/\ ZU#Y;GU([_B,5*[%,U*8@H * "@# UK4M3TUED5+=H78JIVM
MD>@//I2<;[/\@N6]/GU"[TL7#&V660!HP%; 'OS326UP;[(R4UO5VU4:>T=K
M'+OV'<K8Z9SU]*EPL]9/\ OY'28F^S8RGG[.N#MW8_/&:K0#&LK_ %>XU2>T
M9;39 1YCJ&QSV'/7&?RI*"U]Y_@'R-:YO;6T&;BXCC]F;D_A2YT-1;,>Y\66
M,?%O'+<'U VC]>?THO+L.RZLRY_%.I39$$4< ['&YA^?'Z4<KZL5UT,NYO;Z
M[S]IN97&>03@?D.*%!;V%S/H52I]_:K$(4(Z4 ,V''7FD %#G&,4PN'EMCH:
M+!< ASR*0$B3311&/<WE-U1N1^O?WHMU'>^A&DC)&Z!OE?&1ZX/% 79):0BX
MD$1GBB7.29&PH]Z-%JPUV1U&F0Z!IXW27<5S/W8\@?0=*/:I?"G]S'[-O?\
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M>[=FV*/+4'N>I_I^=.R0.3>C9UM @H X[QN1]JM!WV,?U% &WX7_ .1>MO\
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MS!B,>=]Y,$'@]QQ4<G+L/FN;7@K[M[QW3_V:F!U- !0!G:__ ,@*[XS\G]:
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M)YOF1 JHHRQ  '3M^-2Y:Z#MU*:^+K#^*&Y4>I5?\:%S=4"2[FM:SVM_ MQ
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M[L5[(O?8+(@@6T/'^P*OGEW%R1["_8+/_GUA_P"^!1SR[AR+L'V&S_Y]8?\
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M);^SAC+R7,2@?[8J%.+V=RN5K=$.DSB^M5OFC59'W+D?W0QQ5ZVL3H:% !0
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M)+JRKVT1U>AZ/'IEN&;#7#C+OZ>P]JIM;(A(UJ0PH * "@"AJ]\-.TV6X_C
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M./I_J%Z_[QH Z?2?^0/99_YX)_Z"* +E 'G[C'BT9/\ R_=/^!T =^>ASTH
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M BJ% ]NE(#F/#^EF#7[HN#MM<A"1C);H?^^<_G3 ZND 4 % !0 4 % !0 4
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M4[BWU"TN(!-%<1E2,GY@"/KZ5FZD5N[%<KZ(YCQ1J\5YBSMFW1QMND<'@G'
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MVO>HEJK-#&=L8QS(QZG%5%.]R6[:'7:/8_V?ID,!^^!N<_[1Y/\ A^%-@7Z
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M * "@ H * "@ H * "@ H * "@ H * "@ H HW74_2@9G$<FD!O#I3$+0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % '&W'BF_"/&L,$<@)4OR<'V!_K4\KOJRKKL'A;3WGO?MTN2D9."1]]CW
M_"M+61%[L[*I&% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 <UXMTZ2XBCNXD+>6"L@'7;V/\ .FE?0+V,
M[2?$LMC:BVF@,Z)PC*V"!Z&H:DGH5H]RS=>+9'@9;:U,3G^.1@0OOCO2M)[Z
M ^5;:E?PWI4UQ?)>3*PAB;>&8??;MC^=:VLM2+W9VM2,* "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * ./OK:[\0:FT
MELN+:/\ =I(_"^Y'KS_2G&/5@W;0U[#P_:VFUYLW,JC :3D+]!VHO;X16ON;
M%(8M 'G?B*W-MK,X P&;>/QYH J67-[!S_RT7^=-;B>QZ?2&8?APB<W]]S^_
MN"%S_='3^='09N4"(Y8HYHS'*BNAZAAD4U=;":N<[J'A2-@SV#^6W7RW.5_
M]J=T]]!.Z\Q_AZ:6QSIE\AB;.8=W0^H!^O/XU,ER^A2UVZ'1T % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 4;K//TH&9YZT@-T=*8A: "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M I'2K S><UG"7ZYVCK5*36PN57+:JJJ%4  = !TJ1K0=0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M 49M)L)W9Y+5"[=2."?RJN=D\J1'#HFFPL&6T0L#D%\M_.A2:V#E-!5"@!0
M , "I*'4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 1RQK+$\;$@.I4XX/-( BC2&-8XU"HHP .U-N[N&Q)0 4 % '
M)>,X")8)P."-I_#_ /72 P++'VVW&.LB_P Q5+<3V.^UBX^R:1<S9(*QD*1V
M)X'ZFI8T)HMO]ET>UA.00@)![$\G]338%^@ H * (Y(8YE"RHK*#D C/-&PK
M$E PH * "@ H * "@ H * "@ H * "@ H * "@ H * "@"C=CKSV% S/.,T@
M-P=*8AU !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0
M 4 8_B:W$VC2-WC(8<?A_6E8#BK(8OH/^NB_S%4([/Q$?.2SL02#<SJ&P/X1
MU_I2&;5 !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 4;OJ?H*!F<>II ;J]*8AU !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % $-U#]HM98<X\Q"N?J,4 >;VP*WL0.5(D /J.:8CM&_
MTGQ8JY.VT@)QV#-_]8C\J2&;5 !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 4;OO^% S./6D!N)TIB'4 +0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!P.K6XMO$4J+PIE5QV W8/^
M--@=+H)\^XU&]W9$L^Q?]U> ?UI ;- !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 4;H?>/TH&9QZFD!O"F(* %H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H Y'QE!MNK:XS]Y"I_
MY_K3 WM#M_LVC6T?<H&/&.3S_6D!H4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0!2N^A_"@9F-]XT@-^F(6@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H QO%%M]HTH'('ER*V?8
MG']?TIH#8 P,"D M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 4KOH:!F8>M(#?%,0M !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0!'-$D\31RJ&1A@@T+0"2@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"G==&_SVH&9AZT@-X4
MQ!0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M&1+XAL4F:*,33E?O&%-P'XTHJ4MDP=H_$TA4U_3Y'BCCD9Y))!&$"D$$^N>U
M+79JS';J:U4(* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@"G=]#0,S#UI ;HIB%H 6@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * ,_76D71;HPYW;.WIGG],T6N"T,WPK>6?V%;1&"W +%
ME/!;GJ/7C'Y4G+6S"W4L:MIROJ%C>0QGS%G42;1U7/4_3^M5JQ*R-JD,* "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"G==&_SVH&9
MA'-(#<7I3$.H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * &L RD$ @]11MJ!R^I^&&#&?3FP1SY9."/]TU7NR6HKN)%I?B&YMKA
M;34\E?NEV!#)]?45FXN#_K^OZT*34CKZH04 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % %.[X5J!F;2 VUIB'4 +0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % &9XBR-"N2.H"_^A"@%H.T
MS5;:_MD995$I'S1DX(/?CTJ')1W=AV?0P_$\<5]?VMO:8DNF!5@O.!QC/ICF
MK@^;;835CJD79&JYS@ 9H ?0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 4[O@&@9FYH VUZ4"'4 +0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % $-Q;QW,#0S+N1L9&<9P<T; 59]&TZXR
M9+2/)[J-I_2J<Y=2>4EM-.M+$L;6!8RPP2.I_&DY-Z,JQ;I % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!2O#C- S/XI ;2TQ#J
M%H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"C>
M]Z!F?2 W!3$.H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H H7O4T#*% &Z!B@0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % %"].":!E$=*0&Y3$+0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!GWHRQH&4@.*0&Y3$+0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!0N_
MO$T#*7X4@-NF(6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@#/NS\Q^E RG2 VZ8A: "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * ,ZYZF@94S2 VZ8A: "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H 0G% &?< C((I#*E,"5=9
M'=5I:B)5U>+NO_CU [#QJD![&@+#O[2@]Z L.&H0>IHN%APOK<_Q_I1<+"_;
M+?\ YZ#\J+A847<'_/047"PHN8>T@IBL*)XCTD7\Z L.\V/^^OYTK@ =.S+^
M=,!=P]1^= "T +0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 +0 4 % !
M0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 '.#CK0 U-_\9'X4 4[Q
,0O0GGDT#*1ZT ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>conformednewexitdatea_image4.jpg
<TEXT>
begin 644 conformednewexitdatea_image4.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M3_OD4<TNX<J[!]G@_P">,?\ WR*?-+N.R["?9X/^>,?_ 'R*.:7<+(/LMO\
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M[!;?W#_WT:.9A9"_88,_=;_OHTN9A9 +. =F_P"^C1=A;^M ^QP]@P_&B_\
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M?:8A_'^AHOY/[F(3[5#_ '_T-'R_  ^U0_W_ -#1\G]S /M<']_]#3U[/[F
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MU_O#\Z.9=PL&]?[P_.G= *"#T(HNA!3 * %H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MPVO_ #[Q_P#?(HNQ6#[#:_\ /O'^5%V%@^PVO:!!^%%QBBRMQTB'YFD&I/0
MM !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 -
M% #J "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
MP- U.:\MT,L@=R.>,4)#-Z@0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % '(^!0S"[8@;1M _6F!UU( H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * .5\"#_0[H_P"VO\J .JH * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#E/ A_T2['
M^VO\J .KH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@#E/ A_T6[S_?7^5 '5T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0!R/@0D0W8(Q\R]OK3 ZZD 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 @Z4 +0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % '#^*]2:XO#:HQ$,)Q@=V[G\.E)=QWT
MT,BSM)[V?RH$+OUP.U4E<EZ&S'X4OO+)81@CD+OY/]*JRO:XKOL9%_IUQIT@
M2XCV%N0<Y!'X5+5@3UL+I=_+IU]'<(#C.'4?Q+W%2U?8M.VAZ1%(DL22QG*.
M RGU!Z4Q$E !0 4 % !0 4 % !0 4 % !0 4 % !0 4 17)Q:RG_ &#_ "H
M\ND)\P@D=: .W\'?\@9_^NS?R% &_0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0!P/BXC^VW _NK_*@#&52W ';.0*8KV'+&=W4'GMS19A<1PPQ
MP12&6K#4+G3[E7MY" #EES\K#W%)Q3UZCOT/0=.O8[^R2XBX#<$'L>XH!JQR
M_C,D7\1X_P!5C]31U$5/"W.N09_NL1^1J@.^I % !0 4 % !0 4 % !0 4 %
M %:]O(;&W,TY(4'''4FDW8:5SD]2\1W-X?*MB;>,G!P?F/X]OPI<M_B'=+8[
M,#"@9SCN:HD=0 4 % 'GFNG.KW0'&)#20&:KG. 3FF%V.8.O(S]* N EF10%
M=P/0$BI<8O=%*<EHF;.C^(KFTE2.YD::W/!W<E?<'^E+EM\/W!>^YVZ.KHKJ
M0589!'<59(^@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H CEEC@C+RN$0=23@5+:6XTF]CFM2\4@,8=.7+9QYK]/P'^-&K\ANR\SI8
MM_DIYGW]HW?7O5$F3XGGEM],1X9'C;S0,HQ!Z&EON-:')KJE^7 -[<<G'^L:
MA178.9GHHSCGK3$+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (.E "T % !0 4 % !0 4 %
M!0 4 % !0 4 % !0!YIK *:G<AB21(P/Y]:8C3\+:K:Z>T\=TWEB3;A\9'&>
MOYU#;70I*YV<4T4R!X9%D4]"IR*%),+-%+7-/_M+37A50900T9)Q@_\ ZLU:
M)9ST?A&[*@O/$N.V2?Z524>K_#_@BNWT.ITZ"2UT^"WE8,\:!25Z<5&G0H9J
M&H6^FV_G7+X&< #DL?:I;MH-*YS=QXRF\PBVM4"=C(22??BA<W4=XHA'C#4
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M !0 4 % !0 4 % !0 4 % #5Z4 .H * "@ H * "@ H * "@ H * "@ H *
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M H * "@ H * *UG=P7<8>WD61?44D[C:L6:8@H * "@ H * "@ H * "@ H
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M H * "@ H * "@ H * "@ H * "@ H * "@#E?!1,EE("!B-L9SBF!U-(!:
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MQ_V&_E0QGF,HS(?;K0!W_AH :#;8]#_,T :M 'F.HY^WS9/\9_G0@.J\%_\
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MMY_L:ZQUV4F4CS8C)))QZ4"+"V-ZT<;I;W#*PRI5"1C/M3Y7;8GG2ZCAI]\
M#]DNN3Q^[:CD?8?M%OS =/O "/L\H(]4/^%/D?8CVD.Z^\ZSPA!-;V5PDT;1
MDR9 92,\4FFMRE)/9D&O>');FX:ZLL$OR\9..?4'WIJS&]#E9K2XMW*S0O&0
M<'<N*'%I7L)-/8CQ@?,.#WJ2B_IVLWU@1Y4Y9,\Q2'(_^M^%3R+=:%<W?4[S
M3;Z/4;)+B/C/#+_=/I31)<I@% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 <QX&7&ESMZR_T%,#IZ0!0 4 % !0 4 % !0 4 %
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M*N51VO(E1UT. 8*LK!3D9P".])#9VG@Y2-*D)/!E.!^ H: Z"@ H * "@ H
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MD=O%]U!C/J>YI-W*18I % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 <YX(4C1G8\9E('Y"@#HZ "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@#@_%.?[=F_P!U?Y4D!/X,XU68=_)/_H2TP.UH
M * "@ H * $H  ,=* %H * "@ H * "@!C(KC#*&'N,TT[$N*EHU<%4*NU0
M/0"BXU%15D/I#"@ H * (WACD'[R-'Q_>4&FI2CLQ.*>Z&B"$'(A0'UVBGSR
M[D*G!=%]Q+4F@M !0!$\,4GWXT;ZJ#5*4ELR'"+=[:C5M+9!A+:)1Z! *.>7
M<)0C+=7)0 !@=*DI*VPZ@84 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 8'@SC0%_ZZ-0!OT % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % '*ZYH=[?:G)/!&I0A0"6 S@4TEW$WY$OAW1[O3
MM0DFN$"HT14$,#SD?X4-)=01TM(84 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 97A[3YM-TP6\^W?N)^4Y'--V6PEJ:M(
M84 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "#I0
MM !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 @Z
M4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "
M#I0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M@R6/:D] 1SFF>(;G4-<6!0BVS,VT8^; !(_E4J+O>_RT*=K6L=15DA0 4 %
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MC1&#O=@Y)+0/"XQK]OP?X_\ T$TQ'?T % !0 4 % !0 4 % !0 4 % !0 4
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MOM_GBDE=CO9%RT\(1[%:[N&W=UBP /Q-7>*(]ZY3UCPVUC:&Y@F,J)]]67!
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M]30W<+''>&0/^$A@/^__ .@FD,[V@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * ,/PA_R+L'^\W_H1H W* "@ H * "@ H *
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MEQ_RTC5C^H_I3 [.'_41]OE'\J0$E !0!YVG[CQ&GFX79= -[8>AZ >B4 %
M!0 @(/0U*=]@,O5-;@TN=(IHI7+KN!0#UQW-#YNB_K[AZ%+_ (2^R_Y][C\E
M_P :5Y]E]_\ P LNY>TO6[?5)GC@BE0JNXEP!_(TUS=4!J50@H X3PS_ ,AZ
M# [-_(T =W0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % &+X2&/#MO]6_]"- &U0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H PO""NN@0[
ML!26(]?O&BP&[0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 A (Y
MH"P4 +0 4 % !0 4 ,"*K%@H!/4@=:=R5%)W2'TB@H * "@ H * "@!* &HB
M(N$15'L,4VV]R5%1V0^D4% !0 4 % "$9&#0!&;>%F#-$A8=RHS5*<DK)D\D
M>P\  8 P*D:26PZ@84 % !0 4 % #0JCHH_*G<2BET'4AA0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 1001V\"PPKLC08"CM0
M]0): "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M0=* %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@!!TH 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * $7I0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 1QD$<$'Z4E9@24P"@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H Y_P '2%]#CSQM8C'XT ;^10 M "4 &10 4 % !0 4  (/
M2@ H 3(SB@!U !0 E !0 4 % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MZPK(C;Q,RC_CU(/N>*5I![H@\4CG-L1Z9/\ GVHM(?NBOXGP"4M6/ISWY_\
MK46D+W03Q/GEK4J.QS]?_K4[20[1''Q1""1Y#>PSWI+F[!9"MXGB!4?9VY/.
M3T%-IH+(JOXQC#$+:L<?[7^?:I]_R"T!]AXL6X=EEMF4#H5.::YA>[T+J>((
M6W#R'&.@R.:>M[,++N">(8RV)+:1!V.11K8+)[,5O$$"D Q29/3&*6H67<8?
M$4>T%;:0D]LT[.X6CW)8]=MV5BT;ICL:+L+)[,B;Q+;!RHBD('2E[W1!9=QP
M\10;BODR<4>]V'RKN))XCMT<+Y+GC/TIZ]A)+N(OB2V)YBD '6DN;L%H]Q1X
MCMR&/E/@=/>GKV#E7<D_M^VV@A),'VZ4:]@LNX\:Y:'H)/\ OFC7L'+YC4U^
MS9PN) 2<?=I7?8+(<=<M%(!$G_?-,+(C_P"$AL@Y7$F!WVYI7?8++N,MO$ME
M<7+0A74#HQ'!H3EV!I+9D\NN6L3[6$GUQ3N%O,AB\26,DH3YU!_B(XI7?5!R
MKHRPFM63S&)'8L!G@47#E\R"Y\16=N5RLC9ZX'2AM]$'*ENQ[Z_9(JG+D,,C
MBB[Z(%%=R)?$EDP!VR#_ (#0N;J@LNX]/$5BY 'F#/\ L]*/>[ TNXY?$%D2
M0/,/&>%IZ]@<4NI%'XFL7+*1(I7U7K1KV#E71@?$U@N,K*,G'*TKR70$EW$3
MQ1ISN%#.#_N]*+OL'*NY>35+23&R7.<XX]*=Q6(VUNR5PGF$G&>!2OY#MYD#
M^)-/1MI9^O\ =HN^P<J[DQURR&/G;![[:>O8+>8XZS9@$[SQ[47?8.76UQAU
M[3Q_RT/_ 'S2N^P<OF1#Q+IQ?;N?.<?=I7?8++N+_P )+IP<H7<$?[---]@Y
M5W'Q^(-/D?9YC*?5E(%%WV"WF*->T\@GSC@'!XZ47\@Y1W]N:?L#";@^U'-Y
M"Y1C:]IZ#)D/_?-%^R'R^8^+7-.E8*MP Q[$$47\@Y2;^TK,$#SADG X-.XK
M#9]5L[<LLDP#+U&*'IT!(JCQ'IQ_Y:-G&?NU/,^Q7+YC6\3Z8APTK<_[-%WV
M#E\P3Q1I;L )7!/JM',^S_ .5=QX\2:7Q_I&,^U'-Y,.3S0Y?$.F,P47 R<8
MXHYO(.7S-6K("@ H * .#TC/]DQ C*_-S^)IC18=XQU7 P>IX-%PL4WVKM[]
M01BCR%8JSJ6=8R=N>E $2@B4HDBYY' H$60GE*@('J2!WH&6WB 2+D-O_2BX
MQ-OEX91EQP<BB[#8BEYA+(,'.,>IHOYBVV)D,:Q_ZO+,O&31<95$*[RI./<'
MO1=!8:RB$X+#(X((H%85FR!DJ!UZ8[4!8ENOD2-0<DINP!WHW&5DW>40YZ]L
M8Q02R]:XC@R<Y[ #K3=^A2)SM0,%C!W==W)%+4"M,J",E"01P.: U[A:1D0L
M<?,.<^U%^@#G6(Q#*,23R2>M%PMKJ1W,Z.%C6,A1U.:+L-+$1C$04)G8>3S0
M'D.L% N4!(P>N* L7 <3*ZG@-@9[\TGLQHN>(MWFP$9QM ^E-6Y43Y&3*!+/
MNP1C&<]!1<9))$@G;."@R20>#2N!):VS7#("FU,DDXP />FW;5AOHBS<74=D
MIM[, $<L^>IJ;\RUV&M-]S*9"07;.23UYJDM"=R>)%(.3RHS]:$T,FA(1D95
MZ,,XJ7J@LAM[;+'<E?XCAACO57O9A8@WGY@J=!SGM19@0J"XR>.O44"&2$)&
M#M)_"@8*3(@9-R8&2<8% B98MZ* -WRY P>: T"*T9Y/+9"3U!S35@9:2T\O
M#L-N1D'/4U+:0TF1230HRELL5ZX[T_) UW*AD7<3%;@#)YHU#3H/-R=@#0KN
MZ9SS2LPT[$J2!,AH Y!'.[D4]>@:$QFMF^5H"@P#P:%>^H60,;$@?-(A)]*5
MWV"W9D@LK9X_W5TK>H:CFC?70+,B?3I6;Y,$>V#333V8FFMT57M%C?YE(.<#
M(YIV!#7M_P!XN<@8YXQ2 B*L"2W\/W<B@!4#*QR,@=#3L/J3%<,0,E2>M(7J
M/B4! ""1G@C_  HOT&#*NULM@9YS2 BA<1E%)RK$J10 \V;I<.6' YQCM3T0
MK%*ZC"2[B""3TQ0!:M[=-P( &1SQQ0F%BM%;LNY_N\\8HL!+Y>Z(KN( ' QQ
M18!4A1WCWC!'>@"-)F6[4<LJGB@!UDTD^HC8Y52>?I2TZCUZ'1HRA?(Q@ 9!
MP,T[ZV"W5"O=N5AV$(1P??%0DEHQKR1EW=O'*[WC'+,Q!7OFK3)M;?8K.Y5R
M=@#8QM X'%&K'IV+FD6&Z3S93SCN.M%^78-R]>1.T!>-\*G\!'44)(+M%6UM
MO,+#8$ QDTF^X;[%Q[I54(C87.![T)(:1 97#%U&]!EN>U'H#MU'2S+-:MD9
M4GCGFE'<5C/=0X4D@X&!@YQ3"PUHF=1&2  >,>M/J'0F@C*QXXP.:.H:C40+
M+G^(DDBB]PL2!%2;<,D>E #+P*SAU';M1?L!7D;9P ,F@-B1)4:+Y\B3'![4
M; .$I@EA;*NQZY/04GMH"OU-!4,3G?@HXSCM1?J@UM8KO;;"8PVP@GG'456^
MXO0D@6.=B!RXZ]ABE?74=BM>IA>,9SM]R*!,BDMP6CB2,DC!(- 6T+[0!'#'
M!SQP,<T= 2\B"Z0-*#N' QTS0K6U&TRDS<E1C![T -95:1<G:<]*!6+4<092
M%;GBD%B4Q*(P!]TG\:O7L.PQI.?*( P,9'>IUN Y8RR?-RP]1FAA<BEA(4N!
MQGBG<!$X4[L !?SI: 1ES( %ZF@/0K2$QR(HSDG\.M B;4 3D @=*.@6);*S
MBC@^<_,1N)'.*&]-!V(;5<2*0 ,-CZBA"-"RC\[4<YPH;TZ46'=[%R:2 R;)
M05(XZ4^H:=&5[B.WV*REL ]0*2>@->9%)*$),+D9'!(HWW KK&[L27R![T:(
M+NY(L8P"",]>>U"0KCB?+;8V#GH1U%#WW&1S EF8'C&,FA@,3:W.XKC]:/4/
M(L1CYFY4 #I2T"UA>=H"'&#D^]/0!$8HA(;(/4 46ZV&+%M63=C@]5HZ /+Q
MY RV.F0>E BK? 6T3LIYD^55]1ZT-ZV'YLCT^W\JV$K8(8\@TQ*Y.;D,K%QD
M+T [4M;!=&>)E2%HRN-QW=/RH%H):S'(VL0QX '%%KZ#5T273F2:-<=ANS0+
M3H(6$=S&%)95((_R:-!LFANE#3PE,8/RGVHNPLKB"3YDE7A=WW#Z4K: 26SH
M0WS[1]WI3^06?0E8I"AE*KM P3GBB]M02,F:Z,\P5/E4\?6@&R:TMG340KJ2
M!DG'2FA%VS+P7P.3DD_*3U&*30T]2)YC',^P %NN3TIL06T!F1YB 47OGB@!
M3=+;,3*N]2<8!XI>@_4)-3"KB)",D%<@'/J#4V?4>A5E>24>8HV\@D9Q5)$B
MB5!,%1=Q.0,F@+(CN<6X*H<AO44,!J2OC+,!QP.^:0#FE*J3R01R<TP+$$D;
MP L,$\<&B[ G"AB0 0=O<4#(L<#'KP0.OXT")Q.X0+YNUAR&]Z+)#N7F"7L"
MS$AI5'SY/7WHB[:,312@6*%FDE&5'3'%.]M@L5&6.8LRCC. <4D#)8K>%E .
M 1W([T_407%LN[Y%' I[[!L5BD*%03\VX# J1V/3 05!'2D Z@ H * .#T<?
M\2N,,5"D' /^\:3&KB7*('&3P1U]ZI,!LB,NYF))QFC0GU,R=F#A\<BE880R
M!I@Q&&[8[T!U-#,@BC;' Z T[#N1&[D#@E<$<>HHL%QYNI64?+R#G@]:+!<:
M)&<[<8 'YT6"X\1OYI&W/'% KBRHP"G"9/OUI_,/,5(&E5R$Z'DYX%%Q"R-"
M%0.H4-P,>U*[16A%,2TN\-\JK^=%@8K1,BKC;E^1S3T%\BW"%0 $'A<AAZTO
MD'30D52\/(^8GEF./TH&0S*HC('7[V* V" JMJSJ?FW=J (AEW"9ZDG:30 ^
M5?XMAVD#@BAB(992,(22/0CM2 = !&-^%R!G%.X6U'Q,'9"!@[LGZ4G>PT;F
MJV[SPH P)5>A'2G'X4A7,-(I(_,5_OGL:=K#3OJ7;/3VD1RV=H(Z\5(78Z[N
MHX[<V\2@=BW\Q0K]1[&854$#.X#DXIB]0(PC#))ZGBCT EA*1Q.3SGI[T "+
M((Q_=(/44-!L6_FD2$;3YH& <<4?98,@$4T3N/+.#Z+19VN*Z((XI%#$Y'H:
M+(=VQ[QH0!YB@C[Q]:$#3[#1-;0 >82P/4 9I-OH@LNX]K[]UNMP0@&!D=*-
M7N/1#%>XD17W  D@J.M.R?74+]2-MH0.V67/&>318&[[L8%5+AB,%>-N.] G
M83=L8\#DX HU /+'G!N. <@T(+"Y"@MG:6P.* !25!!(XQT[T=0%?Y>.V:!L
M9(P#DGY@!CZ4"#+QW.]"V.P!Z&BP7MU)S+,-K+(P..E%AW9/;W\D9 DA1U'7
M Z4K-;,3Y7NA56TO%Q$WERY/!HYNC"W8J7$$D/RE<'H*NPKC ,8!/3KVJ1DF
M[&><#O2 D01."C,06. <<4]@U>A6F1H&V+R%/4<YHOV$]"::Y/F%UW<]^_Y4
MK%7L5S<++A93D\]NE&PMRZJJD>]B,L/E'K3N@2("P1<*=W/<4!ZD<N#%A20>
MIH (0DB[0<<<GH: L0V<(6Z+,3M4X -"!%IK);:5B&#!OF!'.!1I;02T8B3M
M,R>O3ZTDK%79(6:$,LQ)(.0 >0:?H*_<2X:.29(K>5BI^9C[THZ[H'<LBV$<
M6$R[L<DYZT[)Z!MJR6"[%J_E2*<D]1VJ6G<>C"34D8@>61D>O%"3#0:;R5GV
M$!OEQMZ"G9[!H1@&6$C'3D 4=1$P22(IL'.,^QIA?N1PJZQNI08;G.:.NX71
M&#PH"CWS28:(=%Q( V3^%'0-&72\4,(#)N)ZD4M0LBE(0P.P=^<T_4/0"^Y
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MDF#C/S$4]M1B6\19T+' SC=1T$A\KQO#\S$,N2>?RI;#L5ERV"R@=LYZTQ7
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M4; 3*BD;AU /TH 2X3,)W9'3'L: *CLY0+(Y^7A12 O61+VX'4@]#307+(4
M[2H*D]3UJKC9.8&"MM'.1QZU.[W%<@<F-CD8!'3TH'=$D$:^6I./FX]*+H"*
MXC )*E6P.M%UT"S*@G>-2%7*K@9H%<FC1&57#9 Z@T7'9D+P#AMIPQZ9Z4")
M)0=WR#'; [4V&PY%PB;L;SZ&EH!96(+'O Y8]*+@B!X@,L>.3P31H P*0^#@
M#KD=Z-$'H*(\DG& !VZ&G8!\.$FB7I&9!DCJ.:F6UPV/1: %H * "@#A6SM(
M4X XI>HR-HVB(<\GM5:"\R$9>3&"SL>11:P7+$,8C:3<0AXR>_7M1?0=B].\
M<$:#[S,.3UXI)Z BJ=GDE1C!'04[^8-&>S"$$YS@]J!%FRD_>>;$X QR#WH:
M5AH==, ^T''&<_6C<+$;*XB&&!4'D8HMV%Y ZJB[MH/3C-,9 %+2$@87ZTA$
MPC:1P,?,!S3M8/0'81*74,0>,47N.]A';,9)X'!- %N)9/)382I8# ZT>H+0
M<D<A.%[9'I2TZA?L1F(/$1$NU@.23UI[A:P%&6",$ YZT*P$BLL#*SD')S@C
MD5+\@2[B7ZAG$J."&/3T-5=!9HI(%;.WGGKB@6Q8AY(4\ENM*_89T.DE%C<Q
MC(0<$C!QBEU!F+<22:C?2%^ BD@>@IKS!M&C':PM&KMT ')[_A2;Z"ZE>X46
MQ$D:D ]P.AIMW&DBG'<3F92 1LR1QTZTG&^X[E^$F1#*"<GOCG%+38!41E)9
M9">,=.:;L&PYH28U!<@@9P#BFF@U(VM3D.TSY^M))=@O+N13*+5(KQ<9'#+G
MJ*=KJW874IWD*LBSPC,4G?\ I1=,6VA5VL"&11CKGO1Y#ZCG9E#!R3D<$4M
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M%,6I&D*",M%+L(..1BBR8:K8=B:)AOE#H1R >:-.@]>I%<OB50G" Y'K0+R
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M0!.DDD@PP!P0#ZT!<F!X"C@].F*8%J.3R+4NH/)"\4.XUH59)&.2. #TI"%
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MI57NKV$M-"JA;(P<G/;O2M<=R8[R@+9X.#3UL%P9 D8*9(/6G;JA7L0NN]@
M3C/&:D&(@7S/F;&3R/2C8!UR A12N#DBGJ@T'38"ID8X^N:06(MO"DOGU]J-
M U'J?F?DD <4 1 @]3P.10!(I&<GAL8Z47"PIW*V[=R.XH;Z -#88$K^9H#0
MD*D\K]T'OVH!EV00-:P;&4N#SGTYHYKIICL(P 7GH#G'I3>@: SN[E5;:#T
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M^S$2-<, %(!SCWI1N[W$T5T5U>3GJ.<4VDW<&[F5J%S':W40D!P>21VIR;Z
MK;7)-3CB%J# <EB,'':G>^PK6,J!QR2,9;O0!-Q@^G<^E,!5P#]XCN,=Z6@$
M;-U[#N: $B)!+*VT]L&@-30B8&W&]N5^9:%Z#&V_FM,)"^.,9]/6E:R"YH!@
M%&5! /!!H6KT L6Y(8!@6#'G/!Q1=B)8R8'SM().0#Z46?<+DLERMP@5(\LI
MY)'-&H[%:ZM(S;[%W,ZX;KUR*:N2]PLHC''*S$*^>$(I/3<97E9O**]'))!%
M-+4-!,;U' /'4=Z-PV(C&0=R#CI3\@V*L@$<AC#;LC-'HAB"/ <D@*.:!;"1
ML3'DC ]J!C;FX8PJD/?DD=<YI6;W%ML6096CB5B6.W)/^-"0VR[<Q>58IP7D
M+ D#@BFA(C@D623!AVD?=R>.*G4&6"5DD(0!'"[MF>M._<$C$U.6XBD!8L@<
M8('I2T8^;L1VQ6.X,D2_*@!(;O5L6ER[>:A?W[PQVR"-6Z!1TJ'"[U'S*.Q2
MU6*\L[6)9I&+[B>>U.R6B"[:NR6SN(Y8 )RP('.!UHL^PMS9MXXKBU\V-@R)
MQSVHB]+ U;0638$40KQG)!&!1J!6NY(3;O(0VX'''3-/I8$99OE$"QQH58<Y
M)[BIU&FDBK*K*!)("2_<U6PKW$!&T$'CMB@1<B;<&C9>1P,GH*!Z$4D)20/W
M&,4: .F=GV[\@#UHL&Y$P?'.0<_I3L'0%1)I0S9Z_+]:0619U2$A8&9>2N"1
M0M16ZE6")9+E=QVH" : UZ&FP6.#!8J 21@]^*16QCO*&9ED)(R<FF3<;-<2
M6Z@1':II/4$[%JQNX7(R7# ?K1>X_F37+K<6Q D4,..E"L.Q"D3(BARF3W%%
M]-Q6\AJJ)&9_E/<4T)HE3.YMO3IC%+3J,C2 QH<8QG@#M3#8CR3(%Q[9H%L.
M2>. MYBL>.U)WZ#5B.)U\L>9M#'_ !IW%HRV\98;^=JCKZT72&4]XDE$H/R@
MX.>N:0$J[E5QV![=A3MI<0G.58@ ^HHU 6/,!>3J030T'4GNV-SY<X P3CCB
MA(;\A;>(B:(C&2ZXS]:3V%8[VD 4 % !0!YO+<F,IY9X=00=O:BP[V+T?S0E
MG/'7'>A 0M.OS8 W$ '-- 4+V/>J/%DDYX'I1N+86V4*BEUP1P#WH! KK+=%
M%QNZ F@ 1-F_<.<DGFBX 3NQCD@=N: )9U8)&G.",_2BVH,;)&8V"%2< <BF
M!(554R%[>G-&H6 853D<#FD L;H%9I"0C+CIG%/S&211A8BI <-G&.U*_8+=
MRY:PH'0,!@C'-.]M0&WL+!"55< @4_F*UC2TF0R12*6"J(R#D\FHO9E.]M#+
M5/G4.H/S$ D_E3VV%:^@ERP QSD'M1:W0;T(1AMNT'.,GGK0A-CL!B5^[SS0
M[ATL6;*YDMA(L;85Q@YHL!JZ=,)3\ORD$#\#WJ7O8+&E(I5T'#-V]/K3 R[U
MI(H[H/RA(VFFULP3Z#V;:N2<8%3&U@$8)) 48C!.,8.:>J B65GLGMV )P.W
M(-%K,&/@DWP9S@KZTEH]1L)/F YZ]C0MQ#1PF>AQ1Y# \0GZ=J+:B14OLI8D
M!A@*!@]ZI6#4I6 6-L$??X!HO8+(BN4V*_F 9/W0#FGL!?PL^BH",20KT[XS
M2CIHP91MPI.2<#M0"9)YC-'LR2N[)]:+),8%P@V*"4!YS0%TBNSA9L[>",D#
MFAW$* ,9 R"<?6@>@QRSE2S')/!HM;05R>?!**I!&#DTVP9 ?ER!Z<&D !R&
MQQR,=:$ TC.>@]Z )5P,#.._% #6'[X \YIV 09'0G_&E8"<J8XE8$D$] >F
M*+(=V,B9U?)4E>^!1J]A)EY-TI(49['C%&C&[$C121;1$N9.<D_PBBPK]1HM
M563=<7"[CS@'K4IH=I,65[>1PS'('  XQ5)V&T203B*;;:V[&3. 2,T.[8KQ
M6Y-'8ZG>/)+*WE]P2-N:5DMV)3["_P!C1AB9+Z)22,@'I2YHKJ.T^P]ETC3E
MW22":5<D ]S1[3L'(_M&"3'=ZA),@,4;$_)BJOI=BMT1?U2%H]+ ;:O.,5*=
M@MY&%'$8I%"."".O;-5H*Q851N"\<4#'7#"&%L?Q<<4@,M&'.[TX]J!%^!PQ
M#KU'/-,9JPRG;'+&NYMQRIZ"D[6M<>B+7VIRB;6!/<\<>HJ5KU'YEG[6_P!E
M.WH""!ZFCR$.-Z7MWR!MC(!([&CR RM1NQ(55%P",YS30;%&+'4G&!^=4]A(
M=$H9A\W&:0]=D68E\N0'/&>E#=@0\X.YU&#G'- $ML#'<*V#R11ZA<CO"\5P
M2>A.0<42$K%<L7)9B2P/'/%"6@[NY/"1L "C?CKCI36@:$GEL)LA""3Z4-=Q
M>@X*_P Y<$,.F*7R'<G21HE(<L<U+6N@QXOANPZK)QT8<_XU6O05D]6+%-$\
MS221 Q[25"#/X&D[Z6%9;%.[;SY#(A.U>WM5+;89+I6QTDF#,4WA2#P1CVJ>
MH.Y89P'9DR%SA<]:'V#4S-7B5WM'?H6VG%.^A+1?U"'[+'Y)#;0 RG'6FMKI
MCZG-NXY(!;#XP:%<&6Y#D;B,'I@=Z'J,0@+T. 1TQTH$1JH?)P,#U-%P]!%0
M[QR?Q-("[;EMN1@ #!IV0$TC!2..!Z&AW&M"PDG$9Q\I8KG/%"0:%@[T(.YL
M+SMJ6NC"XR29MRR$Y Y[YHZ6!%F)A@J,*,_>[FGZ@3DJCNF#G  )/YT=A;E.
M1@LI,Y94')(YP*'9 G?0R]3U:VB8) S2#.<D8Q2W13LMV7K:YBE@0H=NX="*
M:TW$T#_N@K,=R;N23G%/2^@$$D0EN28721<=NM%T#36Z(?+G$9"@@Y(/O3MU
M%<=#:.86'(S^AHT"XB0;<AB<4W?H%B'[1)%*OEMM_A.?2I:U'<74)G6[*K(V
MU3ZT)707:T&17%P&4K(1DTK(+LNS:FEHL051<2L#EL_=%*\F[+8-%JS):1Y;
MDI,6(!RH)Z5:5A-ME^! 3L4@%AU-%_,"Q$R0W,>'V[#DD&I8[&1K-V;B[ 9B
M</D ^E"!G82V5NFFK(+=0P521Z>M4I,A11G6Z21EP"51_FP/Y4G=NY20Z>98
MX21CD8Y[4K D4"YDM'4=.N<=*H9A8,@D5>>1MS2W)++$O"%$@8J.I/0T:#NR
M.W5DF .6!^;/04"+TQ5&$JK@,>13NQ[&E:0Q7*[7!/?)&*5VE8&1-:IC:2#Q
MA?SIWN#:(I+8+*I&2<\X-+R0"06I_=ED/!]*8M":]WNV&C)[#%)#TL5%C;A%
M##  88YHVW"Q8OT"V<!).!P>*+:@[G.3R.)V&>IS2%<EG0F)0 22,TP%LH@+
MN+?TQDC%&PA\^1(0IP 3UH'Z#H2+A"CO]SG!H'JR>), @$!10V(K-)=IQO"+
MGL*+#O8G-PR;"7!.,D>U 7)XMLB[L!3[^].X6(IHU( 96V]S0(C2%1, %/EX
MZ4?(/(GN28K8[3S^=2/8K>2!&I' (R #S3$6&D,5OC^%SCW%.XRO(SM&Z*Q(
M&-M( BCFW2!GRNW-.PO4T+ @1*KCY02<$TAI7+441$L1)&P2#)'7&:3>C&=C
M02% !0 4 >:Q!_L5NI4X"9Y/3DT[!H6TF$298Y&"I ["D,H7)C20/]\,."O2
MG<0ZWD155B1@C'/:@$)+*K.L80G/>BX,KQY@G!& #WH!%B:3$+A<<GJ*!C(>
M&49'3DT"+\C)A%SG S[T?(>@C.O))'(Z?C1L%D#&,LHSGC)%%^P- ZX /4GT
M% A@CW8 /;D#K3'JB["51&0#!/&3BI86)_.AB7$IP2-H)Z"G=H=B)FA#Y#;^
M0>*$T]@]0G:!&_=,P!&<$8H;N&VS(1(K1NC]/X<=J8K#)6+P@$C<.#CO25@8
M1J4*AF  '>GH"N+)G=SD@<\#K1;L%QQ&!@AE  !QZ4FFF!:600P$Q\$X&<^U
M%T-&A8:N92EO(2C9P"!U]*7PK4'9[%W5[=KJS(C(//K5)BV,V62XBM\>5G'W
MAZ5-K#NF%O.]TC-'& JG Y[T*W5B>CV(PLGG,RK@,<G%&C#1:#2)XQA8F;+<
MD=.:+ FA)9)5 +1-SV/%'+9#31*3(L1(C)4CO1IN%^C$+2E"IC8D\+BA:";2
M*NHR VL:!2>A)';%)=QO<BASY41P!\P.>X%5K:R"]B/4(D6]EVJ2H)QFA;(7
MD6X-JRH$;_71[0"<@4G);KH/6Q1<%7,3?*0><53T8O07#!06.<FD/4)4,>S:
MW#GOVH#6XDK(TN4&2!UQUHU$ RK!0"0IR1BG9@K(=<M&TR%"2!V(QBE<"K*3
M@MRV#VH &Z<=/K3V 4+D':/S/)I )&=RXP?P% "IUSG ]^U%@1*R%\E3EAP!
MZTT@:+4.G32QY5&X'/H* N(\:Q >8P&<@C.32'J20?9EB(56D<#KT&:+L'ZE
ML)?R!D@M_+4D9 Z]>]"3>["Z6R'0:5>S;Q,[)]?K19"YW?0?#I]E#(&N+A.A
M')SR/_K4.2CL/EDR.?5-$LR52+SF'&<5/.[Z(.1+=F=+XCN3,%LX$11]WC.*
M&F^H7BMD56N-4G4LTS848.#2]G%,?M)= CTZ=QODE8@^K52C%:(EN3W%VPQX
M#89B>C4[CLB6UE0N1Y6R,'KW-)M]0TV16U:4W.H2 .648P!Q0D@8R+:V/3/U
MIW$6"H$BLPQC'&>U%]0*>IOC9$,CN1ZT=0*< 191YJ_*.HHV$*7,<V>0H/0'
MM2 TX[A<(XX4_P 0/)]:+%7)HU7S PX5L$$\4VP1=25@N[.0,$Y/6IT6PV1R
MSE$E"G:I()/7F@5[%)R7.[N>3SQ5!<1?E!!X'J*+"$0D2  ':3VXH!%\1LS*
M2?P]*5K*XR;RL*2PX'S $]#3OH!'%*7)4'G'&*6NP-V);O%Q N0 4^7KWH3M
MU%;J5TA_=L0#G.,>M,"RD 9PV %Z\TKZ:C)I%^?(R4SZ]/>C2V@#F! 8QKDG
MKFDEW 84PZOT8G)SS2O=>8Q;D0K$KE3C& 1ZU2N^@DAEDH2#>0,D'IVI6;#<
MSGOQ&CEB,DYVYHMJ/0T]+FLWL]\!)=N9$[YIQ=WJA..A($19,@''49Z4-7#4
MIZO T\,;QD*$;G_&A)"=]C3U0L^FI,"C*P7"CKCK2@]![,YB1D+D%<#.0/3Z
MU0M"1B"G3"CC\:=QZ$;L&' _$TA$=OS)R.H]>*$!*4(9B,<=>: +,)Q& 1C
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MS*S#@ FE>SU!)E2VFLT+"=P&[ T.5A\MS*NR6NF9>5&2#3L2R6#]Y ')PS<
M T].H$EM<&*0 QAE!Y&*6O0-%H6+O;. JK@DYYI^8-$%M;?9[MBY"JW(H>CL
M*UQVK;M[&,@ =*&KZE/0F\,/&NJ@N0K;"N2>M1)V)-^_U:U6V=4D!?.W'I1<
MI*VYAW:27#17%NS%5^]CT^E5'\1-M:&?<@13QS1G.#QB@-B!F9#(^P'.2 >]
M/4 M+P&/RY5R3T..1238:=2[&J"2-D[CD4V[[!8E<81VV@$*<BD]@T*K$NY(
MSDXIAZ%^TFC%OC=@Q@DCTI>0*Y%=7BNNQ&X/?UH3'L9I!"[CVXIDC7?D'C&/
M3FD,3<!%NSDG@4"09\MXL@9'7'6@#JW(ETCSHVR0.>.:2M>R'?4Y5V"S_4X_
M"F(E\@LI4$X(X&:=AZF:A/G  DCI4B+L#G:RR'!!XSS3V&7+9HF=7XW <DBB
MX6(V9FOS( ?+SC.>E"T0=1MQ,(QZX[T:@RI)=?,0F,YP!ZBBX$\$*K\P(!(Z
M&F*Q)@;@H&#WR*0 ^-K=U (Q0O(!((MC?NV(W]A3M=C(XI";S;-QC.T'O2 @
MNW>:Z*(6(7L>U)(&R_$@6%<G!QD#UJ@U'2R!8^IW'[O'2EKL!7#<F,?> R0.
MU/J%T.@E"ZE;)C)\Q01CWI/L2>C4AA0 4 % 'G%HJK:QL5Y*#-/49/"Y0D"+
MY3C!'&*+"5B:[F.%V%0 ,' I%% Q"89?+$56B$_,J!"MR,'Y<XYI"'W>T;3U
M)H86(H6;<H&2 :!%^W4R38 %%RA)L$,,\'G'K0Q$8)W ,H('(S0!+)+MB8D=
M.U%AD2J7=20%! S0(N6KE%*JQ&1@^XS0RD[%R5XY'0'Y " 3^%*XK%:XV_:#
MA]Z_WATIW20694F._! /3'%, VA!@9% B4'<@#<X'%*^HQXC.?E7*DD9- >H
MB>9AE*XQR:/F":)_+:-_G!  .,CK1L"*DS9NRQ&/3Z4 $S^:F%/&!CWH!CDL
MR0I1@P )(]*I!9G2^'H'ALIMN,9X'8\5'6X>1FZQ$EU*SA/+8$,>>N>]/4+=
MC.%EM*DR ,PZ8INU@2(DAD.-VW )'6E>W4+>19C@ C9R0%#8!HN@L$L%O$!B
M0$D\LO;BA206: PQ,"?.#D'/IFA./0+,C>W*N"I!S[4[ DQH8)(2W(!P14@7
M8[QK:VDAC(VL <^E'70:V(H,#;,C@,AW$4/705FC0%Q#=2Q% %E'<#!]:5_=
MLQVL[H@OK^43".%@H'!XIN*?4-N@ZVN1<6S>:%9U;"Y'6C;1L328DL%M&H:4
M[#@-@4N8.5V*TTEF'(MV=AW[8IIM]!VMU(Y7@&T+%(,@$YXY]J>K6J"R)(Y[
M>-29+>4D<*<\"D[]$'NO2XJZF@+"&W5!QDOU%+6VH6CV(KB^GDC^1V3)X('!
MJK-[A=+86PM+J]?;YC<#/)Q2Y4MPYF7SI]K::=+),VYU'&T@\TU)ZV$D[ZC;
M2]TJWT@K,PD<G)"\-2YFMBN2^K8-XI@BB\NVMB,<#"]/QJ?>["M!%*75;^X#
M-"JQ@#HQY&:?*^K*YDMD46\V1Q]JN6*J,C!IVBB6Y,3R8Q(2%+C(QDT_1")G
M!:-8U3"ELC/:GJ%M":6U; $DRCL,'D4*W0;3&):+N7<2V>F3Q2T0K,NFW^SX
M98EQV(Z4)WV8));CC&%SM.2IY)%*^H6&NTA@&!G:<L:=QZ$$K-'&1A3O.X'T
MHZ:!\BO@AMYR/4"@1*@R@DVG;TR*72PRG='9-AFVY/0#.*&(4QNVWR2I/<GT
MIBL1SP@1_*HW$\^U 6&O,(MJ.N<="1THU0%61B\C'/!.:0"(QCD5O0YI@7%D
M5IP0% <\_6@+(DN8W#H8R%&,@CB@>Q%%/OG4LH)SUQTH$6UF5]S*26W8)/6C
M<?F2.I5 3VZ"A@,/3CKZ4@-K3(0]J7QAD.011?74;TU$N5>0HRIUZTDT&A4E
MC,<F,?,.OM3;0$EL"YV=B0<XIZ(-BZA5I < @8!<=J3[!ZC[V2)' C^\1^N.
MM+4$B&-@-H !P/O4T,AN7F4$8P3T8'M]*.6Z%?L0P1>9Q.=Q.>2>G%"]W8-R
MY:-/;':LQ,)&,$Y%2TEJAZO1FG9A)(#/<M@(2.>F.M5L2<IK^JIJ%TT:M^Z0
M83 ZTD[CLEH-T+2VNYD9D8Q[ADXZ"K6A)V"&VMQL@Z!L.HYY]/UJ&]?,I*VY
M4%O&D\D<+=$WF/\ N<\T)IL5G8KN,89B3UX'I3ZC*EPO[A]C$1D].^:6E[AY
M&.X*,&4#=TY[50BK<22%M@)P#SQUI 6(%'E8R<@=Z8$L:\<G\Z-@0]6&268@
M8H D1OE+CGN,&G;L.[&7-PT<L:N-H<_E2=UN%S2LC''N\WCC!S1;J'0;=R*7
M7#*R]!BBX6L.^TR>45W#"X %)=@5B2&\E$(A!48]NM&P:$X(!8,^[&" .H^M
M&E] L.C5WD50% /K0["#S(H9<[R!G/'3--ZJZ0TG84ZEY:.$8<\G'44K6';N
M9D^I7$CX7C)SD=Z=NX7ML.?4YR "0=HP,]_K18"<:B\T:AE ,?0J*$I=R="I
M<W[W,R/,2H3H:-5JQZ="I/*/LY#D%RP(8<\47Z= ?=E4VZR!I 3M/&<=#3\R
M7N3PNOEJ X8^W)I#'8++P!UH8+T(T=I)@(\=]U"U OM&WE1LQR!QFA6#Y#Y8
MA(B%"=PYR>E"&[I%.^G?[-L)RPX  HLUH!1MY7B<DD@@CD]:-A)]B;4'D0Q^
M6<F3U')H!Z#+>[U&W;"(<CG!3--PD] YTMRS<3!U@D*B,R##KC&#2UZA<KLX
M (!!YQ1<"*V@*DD_W@ 0:!&OI5N\MX857>2"1DXQ[T#O8N74;B.170HX7!R:
M&NC'OJ4DMF9@#TZT7L[B*]T##>LD)RA&,T+WM1ZQT(I(RI^4@G'Y4WJ+452
M>?Q]:8:C&"8.Y1DGKFDQ6()!N=5R!CL:0R4@8RX))/% CH= E^T65Q"YVQ@
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M#]A1H(:XVN!P,<G%#&2"/S HP",YYIB+,7E)%(C-\Y8 $>E3U\BK-$B %,*
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M++Y<3A2-N,Y'%#U QQ</O))R#P<TA$P!G8(PV]P:=@)X#Y$VS!&,DJ1[4--
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MI$8$%0BY(P<&E=7T!I]AB6P%Q(). ,XIM@AUS!Y*!DC8KGIU_&EYH"DK+*K
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M!H"WZQQ87.2.I-))7#3J+;ZB(XF#@,W.W%.PM]R,WY8EE"@E0/8<TDAZ$9O
M)%DQB0=Q3Z6L+0FGU03HHP03C/'2DKK<>@VVU5[><NV7[*".U&O05UU(FOCY
MZRQ;OE)PIZ<TW=A=?(>-3E\ADD&X$DC X%%FE8+H9#?31((T^7C.<<T<H)H1
M+IS@$A23@Y6BU@36PQKF9U*;\*/;!HY>X7&N5(QGT&.QI^HM2_:1YC#+.$<
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MF->X@=5VRY8XII^0699$MHX EG#E1CD]!2YM-$%GN.8Z:95!90N,=Q2YM/\
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M,9]*3 4<9W,2<]*-!"!1C##)]#1L.UPCC7?T7)/I3O85@VD A0.O:@=A&^Z
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M5QN##VQ0.X"5=AP& H$ FP.IQGO0.XTS_,-IZ_I0(=O/&U3@]* %!SSMX]Z
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MG1%4N"0,T6'<62-@QQD8H$"AV!+'IWQ^M Q"CC YV@]N:+ .V,"2.A' P:+
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M1L%AX51A<_7BCT&*$]\<\9'6@+(01DN0!CU H0K",B]L@#\Z2"PR:W64 $D
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M)4=!19(?D1"(<Y..O;K2%8<8U"D9Y[9%-V 4H 3Z"@8@C3H,<=,<4"L/7Y7
M7&3QT!S1=AYB^0SRDGEF/I0,1H,,A!.2WK0K;!L2RV44RJ[L0BG!(-)]P=V.
MGM[99@ML6>(< D4T[@U;1LB^SX8@CI0+J(UN=_0$GG.*-.@P$!8[<*.>*-!6
M&K;\@#'XT=1V'"V+'&1QZ4*PK MI&+@22 D 8^4X[<4M.@6$:'GAE(QTS1H
MBP@8Z4] L*\(('3'K0%A!"?R% $]IY%M/ODMTF!]>U)WZ!9=2.14DE=P N6X
M '2@=M1#&I!'."/2F( JC^]^= P\H=0I(/2@"UIR;=6M<)_RU7^=)W$=W2 *
M "@ H XLQJ\*DDYVC! XZ"D,6&R=XU8?=/6F!)+;R12 )TQR?>BX(:;1\[B"
M!GK1H%V#:?QDD<=/SIWL@*[60SDL2>G3O0FA69%=0?9XP3THT'L11JLD8<.H
M'4G/2BZ068UD"HC>:O.1QUHOV!IH8JQA,E\<]Z+H+,"%S@.>1GI0@MV%PO(W
MD9]!UH 1E"J,.<XYP* V&+-'OVECDC R.E ?,D&W&6/![T7 7=MQ]: (PP"L
M=W09QCWHT 8]P!&-IR3UQ2 2VDWC'&X<<=330$Q7!8N>G:@>I)!&'/WB!UHN
M)$CVN(RRG/KQ1>X:D:0N5'RYP.U%P)5MRT08# ')I75M1$.U>N3GTZ4[ZZC(
MR8\<NPP:- $,L 5 9,9]J+KL.Q8'DB$L9QCV'2BZL*S&%H=A=+@/QTZ&E=#L
MT&Z%H=PDSSZ=*=U8/F0&>%0OS]NF,4KB^8])86B9@X&.Y%.X$<4R;F!<8!H!
M%H!#D[E '<FBZ'9D?RY!#@ 4M!6$#1[P-Z@]*;8#MT6<"53V&#GFA-#LPW1C
M(#9^E%^P"*-T^V,C)ZT(5K$^-@PV#ZD=J&V,0^0Q'[U<9YP:+I!9C2D?.)0!
MUS2N@L(Q &UCG%/3H T%3P#R/6@!N!N/SJ!BC06HDFQ6_P!8N/8T:!9CT\LN
M!Y@&?4TM!V8KM&)"#,H//?O1?0+,<JQY*^8H '7/6BZZ@DP)@52S3*5!QD&B
MZ"S(G>/SQ&LJ'.,'/2C0+-$L<>6 >2,#'K0V@L^PUT7 S(O'O3"S$0Q''[[G
MT%%UV"P^.%",B4X)QFE>RV%9ECR[8+Q(=V,$>OTIW[CLQ@CA(8+)\P/ ]11H
M%GW&-Y*G!QGMGJ:+A8 (3RSCIG J=M@L">7G@[1CI3"W8 J"3/ (/84@L*R(
M&(R-V?2F%A0L:L-Y(&.U"] L(HA8+N<^^*+A9BNL8SM)'?I0V'S&+LW#'0C'
M%%V@)-D2_>+9QQGG--.P)>8WY N6R/?%).P6\P*1E5(W<GFA,+$P@4#D8(QC
MW%,+#&$1X9N2W2IO=A:Q!(JB3 W9Q5   ,8X).?I0 J]<A><\<XI/4-!%!R,
MKDGM0!/$BY!=<@Y [T7 <PC4@[,^WX4[A97#"= GN<G J;L$*"JLQV#(_,T]
M;#LA!*H8J4'7KCI3U0K(&:,[B 3TP,4M>P6&1@Y)VGZ>E%G<!"4W98$#T'2G
MYV !&BC.#D>@/-%F %4^9SD8'%&KW 15CQN.>N#FA!;S$& 5/.,T@^9(R!4/
M!/4'%,!P9&7 PI&.*&%NPGFVP#+(V'ZCC]*+CLNY!+]G*$EF4CH,470K+N*\
M:F' 9F_#I0(SITE#>7U#<KFBP@M$D#/E 5P00>]%AHEL/.23 "E<^O2A(%Z&
MFQ(1\* 0?3B@+(A2X$3.EQ&I/&".M"T'IU1;@AMKA 1,%(Z^@HYD@L^@Z33/
M+'[IPQ^M%T^HE<0:<[(&(P<=*KH%[#O[/G0*PBR#QG_Z]#]0O<L06@7!E0$=
M3[U-[ ]1DMM%(X"(1D]^U'-W"UD0RVJQ1ECS\W"T] 2N1^5;,JX?:2><]O:E
M?R&T/6WBP0?E;WH3\@MH2M;V_EK\P!]#QS0Y!9[#S:QKL/RXI]!6'&*W5B0@
MQTY%2FPLB,BV9ROE@$YY]:=V#0.MLAPT/0XIW:'I;<J20%6WH3@GBD[ : MB
M]I^\()(X(/2B^H:D:Z/%Y99R0>QSUIW1.H'2K=?O9)[>E*X6'BQM5&=H)SP<
M]*.;R'87[';AAB.B[3U"R)%MX(B"J 9XP:GFOT'8JSVL<K%E<JQ_G5)KJ@LQ
M\$'V6)\\L1WHMJ):L8ER&G:3Y0,=":2;6MRFKC=R&;S(I%8$<CM3O?5"LT1_
M8T\L'S0"3D<T:"U&M HVC=Q[FBZW'J/:VAV M,.*7,@Y65Y+>.,$J<@#/)ZT
M[BMW(W>$*?W9.>PZ"A-]@LAGF1,.5<<<"A7#2UA8E1BP<$8/847! JB.<.&4
MX/ S1T"W<NH5=6="1_%@_P -%Q["O OVRWP>& )QQWHN(EBECCBFBD&<-T/6
MB[3'N/2-#"L@4@9XQ1=L1!((E=B3@MFE<=BM))&?EC&[T)[4 ]"!2&R,G..<
M&FK")3&@4,#SCL:+H-14B3ER^!P.: LQTY2,>63R1GCFC?8+6*_G+A25)/K1
MJ&@K31Q*5 S]*'<!\4T,A"YYZ"BX6+.U$C.YAN R/>BX6L,(!P ?I]*%J,K2
MR>2I++EL]J/(5R%KDGA$Z]>,"C4-$"7)#$-'QCJ.M :%H.& V#G'3N*+:@6+
M _\ $UM-S'_6#^=#\@.WI""@ H * ..6%MD8$F!C.*6@]2Y;,WE.B+D@'OTH
M2NPO8IR13&0_O2H_NG-&B'=]"53)M968L.>I[T)V"XQ/-DD4$A6 Q@G'THV6
MH7N-"@EB) 0"1@4[JP:E>ZB&-KD'/3FA,&M##>)X[CRR#UX&:9.Q<@MO,E*K
MA2.E%T D]F K')&#C@T7069';QK@G>V?<T 2SQA5!+D*2!G/K1H&HY8HS "T
MC%:!V?<ISPA N2V>>E MB>W12BMO8KGH* !44$."23GDB@"*>$J/,+':>H[T
M ));X*[ =K=,T .@AVSD8P1T!IB)I(XPX)4C/I_A2&7($A2++-M;TS1?R*LR
M) LD9*S$\G@'K1H&I;B@G,"^6 1GG-3IO<5]2(VV&+RR[<<#!IWB.S&O; J6
M52V.,]J.9"LT5I8DVE5/S=33O<&C*=2C8;J.U @#-MVC@$T@'C@X08]2>],!
M[1R*$W'@G&!185QJQ$*[,",';0,4 E=JD!>V>] "K'(T6=HQGCCF@!P1S'W/
M-%@&".1W"\G^E"0#S V]0">><GM18!5LV.2#D8X^M #A'*O'"CO@X[4#)K>'
M;/&5(+9ZYYH#4MZM&5A7 (W9Y(ZT6!LR/L\I8@*<#VHL(5[>6/JI/THL%P"S
M@\!QQGK18+C2DQ)W*_OP:+!<5H9.,(_3THLQ7&F*3G*-Q2&-V-V4\>U,+CO)
M))VJ3@D4 -V'@ '/3 H D6)BH(C8CN,4687&K%(['9&<9]*+,":&.2*=%==N
M3CGTHV!%V\:&%5+1%PW3FC5=!V1F)*T;B0#ZCUI"->WFANH42,$2 G*9Y'^-
M.]]&59;H9+#)'.,C:/0TW&PO0D*E65B/N\@^M(!?DEY(R^..,TKL>FXJ6_!&
MW!'% @:$*#N4Y&,=J+]AW'&%B%(! /7'44"8HA#3[2QZ]:+I#:82QE)'3&2!
MU]:/0 :(K&'8 '&/QHTL%A&21@-B]NN:+7"XDL)5U4$9([<4V@)+F-=JL#DE
M<$>IHOH%B!P'*X4@#J*2 <2J0$!#@'J1FCJ%D/&]3E2-NSH*$@]1@58V'K@G
MWH 4F,$ 9/&>*/D%B$OAG7'!/&>M,-"9/*,6&#@9QD4?(-!BAP0.=JG&/2@+
MDJO$SJ&.TE> .]*^H[>99G1(U8,2Q!!&#S3;7<+/<8@&<?Q;3\O?BES)=0L^
MPT$.^$*9/!Y[4^9/J%GV$GC:V8,VTISG!I<RZ,+-="2T:WD*AG5?0Y%+G5M1
M\K>R$WPQY/G*#R,9HYET!Q8QVMS&"94!!Z9'2AS0<K(FNH/,4&12K=3D<"BZ
M%:PB7=J\#J752,X)/7TI\P6[!'<6I&&N57OP.]%T.S\B&\OH455B97;.=P_K
M24F]!/03[5#+)NDGP",$8YZ4:+H&^ER-[NWX$<C'!')'6G?R%\QC7=OU(+'/
M(%.[$Q\]U:3,0C-&N%P?YT<WD.R6S"2\@0_NY-^.A"T7#YC!>VSN#*KX[XHN
M+3N0+=*H8$$@GC-("2UGLXH6,BR&0DXV_P -%VN@67<F&K 0-'L8Y[$=*6H[
MHKM=QM,A*'8HY&.:8M!'O5+#;&5'UHN^H:= ^VMMP&D_[ZI60[ON2P:O<VXP
MKLP[;SFBW8.9]29]>O'7"Y ')P*+,.<F@\13 !)XPP)'S9Q1JNH[I[HW;>,*
MOF!RRMR#[56CV$[A*D<N0YVX[BI3$57M@#L#KZ<CK3N!&T,T0#$$#/!'>G9#
MN-"JS*'.!Z]J&!)+=06SA<EL#J3G]*5[ZH+=RM_:(8G=D$GC-%@'1:E" P:,
M[MW!Q1J&@][J*3OM)'(/>C9AZ$B /$6#'"GIBA QZ2-;;LY(89%)]T!;-RIC
M4KD@=B,8HLP1&L_F/D9!/M0#!B$7>1NY'!XQ1N'J/N'CA+NQ&W'<]J&U:Z&D
MV4KJ]MXD1MZL-P&T'G!%).[L%B]'MP2%&",]*K5BL$Z?)E<')[=J<7H&JU,6
M\M9(XFN'W%,D=.A[4:):"O=F;'(<#<"H],YH"Y(DTB8S(P4'@'FE9#NQ/-DD
M(&YB@[9IV%S7T8\'( 3/H3GK0%P,IV[%;G.0#1N R1Y$&U^IYI!<$D(D*-D'
M'>F%R42!$W$D$]0!0 QY B%\X+C@ 4 6+*=C&LRG#+P>*+ K%Y',U];X.#C&
M/2EW!Z(;<AXRT@SPW) JGJ%[,@CO3&DAY<XQ[#Z5+'<IG&\L-S2>GM3V$.MV
MB.X,K XX%%PLAR08GWJN5) --:B+#8P0D9!4]>U(>A7#,< KA1W H"XDF0I*
M$X[B@!J,Q0!C@FC80.P:, J20.>:!LKVX99<.&VCVH$7V:$!5W,03_GFB^NQ
M7S'(5ZQYSW-%Q$5P"\A^8X'3B@&0&(IC!R<\BCT$2F/YQGI_2A /D8*@\N0#
M^E+1CVV+.F-G5[0+P1(,Y--M"9W=( H * "@#B4$BHHV@_*,?E1;L.YI6$QA
MBE=UR=N  *5K,!D\S(C3/'E ,\=11;L.Z*D=X7<D-%$",_-1ZAOL0WY:X<%K
MB-<#&Y#0K6U#5;:%8*8>8[K+@[B .#3:BQ)M;CY&5V5PX SU"FCU ;Y2%_,;
M.X'N*=PT J/M*S(6#%LCCK0[6U#2Y&S1M+(NUB>2<\<T(3L*8DB7*JPW<C('
MI1?0$1G:Z2!P< #(&.*0]QS[%>-5!(( !'-- .B,6UGE5LKT XI7:!(7Y(P$
MCSR#CW!IWN#2M8K-M\D."R@&C0"01J6,;;N1U&#0(G!@C56PS*#C@TGY%6[B
M! 9W*+TYP>*8K$%WLRK\A6.#@T@:'3JL=E(X;Y6^4 ]:- LT6K#P[<^2ET&P
MI7=U[8JTD3=D]K(192+M)QG\:SZEE,VZE S.P)&3@U2L(([>#>REW!"\#/4U
M+:[ K]R5+:)$+DD\>G-4VM@L9>I1$W644X(&.*&(HG(I .&W(R?Q%,#2$8<+
MR&[C'>BPRP((_LY3<-QQQBB_0+#1:,"OR*?<TQ6!XC&BA5 P2.:+ ,$9\LC&
M.O-(!8(_*<-MW'OZ&@-!716GW!=I],]*=^XR!4EWD<!>2,T@N BC,9#(VX$X
M.>HIH0MJ@7D<8;.,^E(:-75\O:Q,%(VY[^M"V!HQ4E=0J$@#UQTH!$TC'=M4
MAQCDG@YH] ']4P1R1@\]* W Y5?NG/7).:'H%QWF2!N54KC'2A:=0N-0$R \
M8/44!N!MRTA(SQP#1;J Y5&XJ>0<G.*/0&@BA196(&/K0@MJ/R8R2!E#GIVI
M:L>PD$3>>H+ +GD^E,6I#=QQNQ"MN93@D<4 T4[J=IV2,<K&-JX[TD@;-&".
MVCLC;30$N<DOW#=JN]M+"23UN9DL36\OR.3CHPXJ-PV98BU%F=/M'S@'.:2T
M*;ON:1\J4*ZG<HY..]4M=@$#1D,(U?=G /I2U#8EMSB$AE(RW/KBERM.P7'C
M9O <G:3Q[4.XQHG_ 'FP=SMQ2UZAH,G3YU\OC<<8!IZ,6PK(49#D97.Y1UHT
M 5V,F %4+V [&FA^0JN"&&=K9QUZ4NH>@V4(DBAW+*!GK3MY!J]Q#A=N2""<
M\GI1JM!V;%D;;(Y(VD^G2FQ"3 /: (,/C)Q4WON*S%B4O&&=2=B\\>AJMD%Q
M&:*15;>,A2232<DD5;L1)+;;\7$B*H7L><XHYDA6OL07-[9+&%MPQ/<XI<S?
M03274C&LM%$T<$*J&[L<TK2ON%XKH0/J5Y(N ^W/]P8R:.1-C<^RL1&&[<;R
MDI([D'BKY;(CGOU'K!?,20LO'7)-)10^=OJ)]CO"_*/N]2:+(.9[BC3[M2IV
M$ G ((IV$FP>RG#E6(./]JBR'=L(].N'R5"\=RPI*PM4KV$-A-N(PHQZL*:M
MW"SVL*-/E,32;HP%Z_-1IW!)]AB6<C8P4Z_WJ U[$XTR0I(WF1KL[$]?I1H+
M7L5_LLF_:2JX.,DT#U'FR(!)D3 /O0"3%:Q*D_.N!CL: LQ4L2S+\ZD9[ T6
M068C6B+,4,I '4A<XHT%J/%A'DCS\8..%ZT:#LQ[:=;KMQ<L<XS\F,4778$G
MUL/&G6>[YKF3!QC"T778?*^Z'II=KD;IG;GH .E-.(FI=Q@T^V#ON:0@'@9%
M)M=$.S[EB'3+%Q)EY0%7()(STI<R[$\LNC_#_@E!(+4@C]X6!]0!3NNP[>9.
MUC;,J,A< ]B0:>G8=F"VUD%8,'+$?+\W I7\@2[L9]FME!W(QST(:CIL*S[D
MJ00!"%5AE<.-V 1G/]!^5 [>9G11&XNEAA4DNV%%"5V)NQVDLJ:9IWE1!#L^
M1<]2/6E)W>C&DTM=3#BNKD(7$I&3Q]:7*AW98:ZN0R@E7.0>::5M$POUL:45
MTCPJ7#("<8;H:6NK#39#O*A8*3CGT-"G?4'%HSKW278EK<A@"20?2J5GH39F
M>]G*K*95P ,<>M.SM<  4#!7/XT#(F7YP<'&*5@+=K</;; =Q0@94]Z36H7Z
M&D_ENJ/&"0>Q_E2O=#MU)(AEO+D'T '2G>VH$H7R]X09YR![4]^H&#JYDDO(
MA;RMAUZ XQS2M<&VEN0&QOF3+.[!>><D"GRJ.Q/,VB%K6::X)9D#$YZXHT"V
MFQTVEB7[&6:3>1P0>U)QL/?=$A\P(QR,DG':EHQF7>O+*AA>4[,YV]@::26P
M-LJ"#Y<#L>H-.PK,5=/D12V2X/<GI3T0K,5+,QQMAN1G.32NNX68OV.8Q'"G
M(YXYI_,+B"RF#?-&>.N31\P%FM)!CY>3[]:2UZC::(A;.C_=P3T H$(\,_R@
MIP&YXYHL#%^RYB3S %(SC--Z#2)K=C"NWAE(QSQ2?D%O(MP@)=Q@@8SD$4M1
MV+R^68Y5(!R_(!HU3"QCB%7F<J5QGI5(5F-="LI)VLO((Z4KBL0;6+L>5]*
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M!S0MM1KR'<-'C &>_M[T?,1'/(8X @VECQQ1\PV*]O#'GS"&!)&2#THT$/1
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MX% #B$. &R<>E&@6$P%D'3WH]  1EU)/4'TH"Q#",L^X\@\"@"<*I!.0#W%
M#]L?0X&.^*+@1[DX&,8[T)@6[ I_;%OTR7 XH86.TI""@ H * .6+';EB,'O
MFA%%R$ Z>2"0=I))[C-).X=3FL8^TJ>HY^M4*P*>;<YZ#CF@"-@QCE(P1FC0
M5QX)^U1'C)7&#QVIL")019R$Y^_2L \#_25.>"G /TI@0D(;8G<<[^QI7 '
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M.O6CH  DGJ..F*$@',"QR<T) , (!QUYYH0%[2VSJ]L>N6YH8CM:0!0 4 %
M'%7,Z?8\JQ)]>E)%;&G8JTNFQG!(((X[4(5S!) GN0R]!T'>GJ T#$UN<D*!
MC]:8#&;$<RG@$C-'40XAA/"02 ,4!U(D7%K*,D8;H#19!T$^_<J0>JX^O%%A
M]2,;?(?/&'Z8H$/=_P#2\]RI- R,NPMR,=SD8XH E(_>$$DC:>E B)6*K$<Y
MR<4Q@ =TYZ9Q2$$8.R(YYYX(H 8IRLQ '7\* )GR6B^G-%@(F'[I\8!W9ZT
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MH 9;JTJJK$ IWSUHT6[$NR$WCS'7<-Q;)]Z!LBF4"3)/UQQ0K"$8%F#!QQT
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M,4 22_-(#TXR!0#"XRFT*>V<4:;@Q5:/[.752&R,T7\@2(G8LN"3@]#0&HY
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M("2 1@$]13U$3QP?/C' /3';O3VU&D8U[)]KU!O*R5+;4%1&[!NQMQHL%N$
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MBNRD%B&R?:F(&R&QA>!VI@..2,[AD#..E*P[L" 3E@.G2F(8,A0 ,@'D#O0
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MYY.&/0]J *$K$N<C))RIQUH$0;F!.<@TP%#'>&8G/J32"XI[;0?:@"W;HT9
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M .M@A2WME52KD KD<?C2WV$O,YG5+AI[K:&^5>@II%-]"MD\ _C3$.&, YH
M:-W.1WI6"X*Q90.O/6@+C<\D]\XXH] '$[2>,$T!H,)QDCOQB@":$LY4,%X'
M% >B+F\QINR#Z'-%^Q6H)?((@DZ;^<;O04E="LAT]ENA26(@KC&1U%7N+8I
MO'P3QT.:D99M[TJK*[;AU&:/0"XI1XLQ/SU*GM2Z@QCQ%\>O<FGH+T,^XM>"
M&3Y?7UIL-&58Q(DV4&$'&#2%Y /WTSR _-C '3- R>)3&O!Y(STHLNH;"C C
M!R,X- $"9W'*[30(MV#D.RMP#0-&A VQF4\$-@YZ<BAL%J8]XIC>10",')%
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M2*PN59=O()'6FHV&FF1L@1B6^@-'0!=XRBJW09]Z $3!BE!'4]31JA!&,*H
M !//O0!MV65B\O/!Y S4W0RMJT_V<022*'429(S[4=- ]2I'K-MYJ*EL>3UI
M7D.T31DN85@#*@9C_#33?<3BNJ,N^NI'2.$JJKN+ #OFA+J#MM8JR\8Y[9IV
M$1#@$8Z^E "P<$J.PXXH D4 ,H )YH CN%/VN-<97-'4#6( /.2 >HI/<8H
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MO3 NQNHC4;C@<=*!CUX8G'!'K0+U%&23_=/ - QVSY&.< #KTI:=0'61W76
MH8X[CVHM<$1.)&G8IC'3GM18'N/&5C1220>_8T[!<D.U@WY"E;788WY<8X_
M?K1KU$1N%W#*Y'N*>H!SN89X./>@ /"X'4_CF@!5# C&??M2!70G![].F.U
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MC"$#&>OMT_E18$CF;^X:>?H O<=0#23;W&WT(4QT!IB 9 QZ<]* &\DCI^-
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M&!1H(B; )QQDXR>:.@#>O?ICZ4 .SD,0.G&1Q0@$!P,Y[4]@!20<GTZT@0#
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M9:H !R,T 3ID  =CD9HL V7@N3CD4 .0 #T QSF@"WHP4:Q!G/?I2$SM!TH
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M[<4@N1MC)Y]^*$ G3!.,'@9I@.."2. "<X-)!Z!R"=W3&,FC0!<' )'&.:-
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M*[\D8!/2C81KZ';2;&9EXY(S3"Y+J=U*F! #P<$YR*E*Y6Q#)&+\1RD;3C!
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MK!JVQ0CD>)^/R-(19$X\C( Y.,4[@.B' Q@Y'0]J %DC#YZ#/H: *CQE3[4
M1\XQQ2 2@!1]:8$B*>K' [4 2;XSC((XQP* (6)+9.: $YSR2:0$J$N5&?PH
M$2!91(H!)7/X4QCV$FW+ #LM("5(QL1F&"#3L%AKL=^$QAN!Q2&2%7PNT=\<
MU0"$;.68C!Z$?K2] L-$A93@\YP#0!(COM 8$XXXI!<9#-DG)[XQWH!$O."2
M5&3^5,!&;8,D#'0DT 2)C[-E6^\:%KT :,A0!DCG.* 'H&[9P3UH:L%]08G<
M>A /<4@N0, P(P.>U,!6.<;>WK0 N!\Q7UZBD FSG&#D=33 >%);)& #R!0
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M V3D]J ]2:!0L19<YSP!QQ0P6A64EN5+>X[T"N/4E<CKGKF@8XDJ3QG'K1N
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M ";=SKSSC//:F,E!'3/(/&!TH0$+CKSG)[#!HLP&&(";@X /2@1(Q ' R<\
MT#(T:, /M*D<'B@195U=05'!]*+CT('.^3RR"!GGZ4A%MXMD$>T[?FZT.P_0
M9R&)X )- $F<X.>/0B@!A8]B>2<>E/S :AQD8 _6@!N &^E "$$!B>G?/% $
MBCY3V'7FD.X;MC #(/7(IW%<6,*"0QSGMUI  QG[@('?O1J@T)$".O09QG-&
MH6$1"""0.?7BGY 2/"43<!D8')'2@+%<,5.W&,=^M%@%+98G'3C%(-"(\*0
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M$^Z0\XZ4: 6+L;1$N<=\47&R+ "$^G(I *B_)G  --@1D]LCK0 Z,J&(;O0
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MVU#G'&>M/0&K%6]9H-NW/ ZCZ4-7%>P07221D,&+'G.*87[B'+;V5<9''M0
MCMPH+'TH"XQV!"#'(_&@0]8F"YQ@$Y S0@)XHRT;DX 4@^U&B'J37%O)$=ZK
M@#'04]]A)D N%B9BP +#ICWJ1Z%G3#!=7#*\OEC;G.*&PL^@V_6W^S!XYBTG
M/&:$UM8;BUJ4XSA58<'&,$TQ(8[R?,SMG@#KVHM8&VR2W)<';GGCW%/H%[$Q
MN(]C*PQG@GTI)V'HT8K<N>21F@DE*90!%!;'6@0T1O&"^1@4ABQI]IG Z&F
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M_P ]5_K2Z@3Q>'M+CC"_9$8^K$DFK4VMOR1#@GJ_S(];*Z;H<@M(41>FT+P
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MI5.;M8GD2)+O3[2]Q]I@23'0D<C\:2DX[#<4W<=;6=O:*5MX4C!Z[1UI2DY
MHJ.P^WMX;9"D$:QJ23@>M#=QI6V):0S,FT+39I3(]JNX]<<#\JOVCZD<O9EV
M"WAMHA%!&L:#H%%2Y-[C45'8=-_J)/\ =/\ *I=K.Y<=T<&Z$6A9?[O(K3H*
MY55?NY P>M(![+@[5''- QC+QUY'XT *3M50%'//6@!!GD$XH$ C 8^G3)H"
MQU.@V16WCF(Y)SSSG_/]:8A?$%ZUK"JQDMYF1@U#WL6M-3E3R!GDGK@U0F.V
ME4'RXQ3$-8E0#QSWI#'8;CY<Y]\T)@-  4@GDF@0F#N.1P/3O0 $E5W#G/
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M8&B1\_QMU^M2VD(V,BES+N 9'J*5UW .*>@!0V@"BX!0 4: % !1H 4P"C0
MH *0$<__ ![R#_9/\J.A4=T<(,?9&R>,=#5[:"*P!5.,DTA#B"$!(Z4QC0&R
M<?E0 C$=,?2@0 XX/"GO0!=TRV-S=*AQC')QGO30-G7J4M++( &P=0.M39I
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MUO\ OL8R#V%*5D!I;%5MO0[L9IRTN@(+HF*9EP.F>!UR*+:#3,6:_P#,&UD
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M*DG"\]:3L-=P%W%;1+A22>"3QS[47'I8:NHA0/,616VYQCTJ6G?8::8]]97
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MDC!Z;:!"Y_=CL.Q-#0AT8VDY Z<D=#0.P\<<J!P<4 -( )Q0 J*=Q;:<#VH
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M)-OSMP3CI1?4&BH@>.4'ISQW%-H1.^3M&>A].M"&^PWC!W YSCVH?8!B(IF
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MTHU0AR#8W3/J#0&A&2%?!&T'ID\4,$A@F"NPX..,>M&X$S%M@<_>(Z>E%DM
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MA=BYY[>] AO;ZF@8*JDX[4T+45LC Q["D/8BD&<8'4\F@0B#((VXQZ#K0!:
MSDD 9/:F%B*3.X[2<4@$ ? Z4 B3;WZ8[4(8U =Y)],4;"%<C< ?K1L R)=\
MB]^<"@"8HJ@DCD\8H&,<9*@=,'- BWI]J#("@(4#KZ&JV0=="2^N!AH@05SU
M!J%J/8IP3RQR9(#KC!&:=NP7ON: (1UX!C/(XYH JW$(#ETZ'CD4Q%9F",%Q
MD@=!0,G21_*W(=N%]>M2--D=Q<F3R%9<'D9%,5Q8,K&>",DXQ0P+D;"4#&-R
M]:   [-QXP>>:/F ]FPA! ZY% $GATEM;4G'W&[T"9V5( H * "@#@)7+Y0
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M%Q%;Q-J*K&+9 =[#D]A4%*R1S29]!TS5(D-X$F,8 ]* '9!Q@=N>U ]",?>
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M3Z&B3TL)&/J,I>8)DG!Y-)%,KG@XSG(QC/2J$)O(SG(!ZXI *&*@C) /<=:
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MW/:@=R3)CBW(XW-P0.U#ML+8B'13_7F@!0V#U[\<46 0$YQGC/2@ )!&1VH
MJ32;@0C=.M(1-;2;X@I.2>,]Z8$,AD1BH'&<Y)H"XZ-V7<,C:.* N5IWD#$$
M8!_6BP7(A(^T+DX':D!.MU)@ @9%%@N.BGD2?>0,.3D=A18>Q86Y9+AHY%/'
M0@TP*KW+"<D=CQ2"XLTY$BLAYZ]: N7[:Z\R0(Q +>E-;A<MA@HY[9%'S&.7
M&Y0V<#C'<4,+D>0"#@#)Q]* T$ED"-D9 (Z'FAKR#8>C!H<HP96'/M[4+7H(
M802,DGUH7H,,<$@4 *FS(&WYB:'<!V") P&=OKVHL 1Y4'^$=^:/F ]'/!&
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MYR.HH$7! K>4R]%.TDT!85 D:$E> : T%/[QBX R!P2!0#*L*&60^8HQUZ4
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M/OSU/2BP7\RS/$&"%#D>]*Z0FAJMCY21G/:AL8+;@9R>OO3TZB)VD\N((
M*D>@VQNP]RCS 21J2,=AFC4+)Z,:7(E=4Y)R!D4[:@5[*[DL+R6-02DBE2#T
M&:&M;@GT'.XD)V],YP.U/<&1,548'W@<;2.:7D(C+EE)V]\<BC4+C[>*-CD
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MM[@U8A9!E",;30!.I"*JD@#/)S1U&D-8XD8*Q*GTI>@;$.W8V1QS38"Y+':
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MM8!HY(XZ<8H%<  .![T "*78!1D] !U%,8N#R.!QSFD ]7ZCIQ0%B)^#SGZ
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M\\]:>P#>A'%&HA0 5.1@Y[4#%V$8/4>M(2&<@$#@CB@8\H=HZ@T +'&/,7+
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MD9YS3 >0)T!)P <TA%JVG\V *Z[77.#ZT:[#W-?07+:D_&?W9S[<BAB9TE(
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M,0G P 1D_A1J ,1C('U'I1J!'@ D<YZT -(YY7\::#0!EB?EZTA:"KEF*X'
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M>0!QD?2BP"$$Y]* )XR=JYZ'L>:-;@,88;)%#NP&$<8[D]30 *H+'T':FGW
MG1?D+# /KWI7\P0PL>G/K]* N6-(E2"[*R$!)"!GT-#L@1;\01 W,;H<AE R
M/6F*QDHI#-MX(..*5ADAPQ()(;M1\@(WSNPQPV:8%J,,F"<8(_G1U :RX)4X
MSG@'M1==QC'8!%^7FE\Q:##RNT8SF@0T< <@<TQAR,@X_&@&AVTC:3Q2LD(1
ME?;PP)Z\4]!B* .1QVI!U#C:<G#?2G80A7)!YS1Z#N2* O4XI :6E6[/+Y@0
M-&H[CBGJMA/L;,\XMX99,XP<  U+UU&ET.:9VGE>20@[CU/:FG9#;N-)&T+M
M^8'KF@1'B3G/Y4: -9>A4X/I0 W!"D9%/<!&!W@GKCC(H$&XC@C\<4#N"MV?
M.>GTI(5R0*1&21@^M/4:&D8(!YS0 JKA#C@XXS2N(<FW'/3US3N,C+#S20AV
MT@&L"/X<=^.:8@)W X'T/O0/0LVX(0^@ZT;(5A(X6FD$:CYB>*!WMJ=+%$+2
MSAB!*?+\V:G3=@DSGM4G-S=%5V[8QP1T_.A=P>FA40@;0, CUJA"$JW:D IR
M"?3..:!B@'(&.*+B&NVW&".O:C<!PC;;EB#GD$4 -!(!Y[T +@D8V\TP ,0P
MI# \<9/X4 -W$8 XSWH$&01^M,!PRHVTAW(W9A)D#''I181+$VTAF4$9Z>HI
MC02%H@LT#9QS@\XI=- -_P -S>=?R.1M)CY ]<BE8'Y'3T""@ H 2@#@RX#@
M$<>M"&%RYW*$S@?K3M<+V*\DQ2(NPYSQ0+04?OXD !5N_O1Z@R_]F,$96YX5
MAE,_TIZ)@M2F-D0*L,D' /I0PL2L#)$HVJNT9S0.WD01/NMY9".5;CCK1;06
MA7AW.V&ZDYY[4;!N6G4%U/.<TALEBN2B?+'E\X)(Z"C7N&A&SEMS,IP3FCYB
M 9_^M3TL.XT<9^7G-(5A0<GGD#K3&!7(PO0=Z0"$?-@$FC4!!V^M-@. ZC/
M[T@$.1P!U[]Z/F!(JF,#"\T;BN5+J<LIC3&_.<^E 7*22,%PV2N:0%\3;X01
M@@#Y1Z4T!(L#^6LK' /.#3L+5CXE,CLW.!CI046" 2,9Z8YI '3/R]_2B^FX
M:#2>&].U :$9!(W#@'TH]0)8FWQA<].U'4".3 QEL$MC!HVZ 1N 6 S0 W!Z
M?A3V &W!<#G'M2Z@(V0!D=* T)!&=N[:<'I0%]=QAC?DJA7BG9BN,5"6 )QC
MOBC0"18#@LI^H%+0>PRWDE9]A4*.V>,T-6W"_9%F.+RD:1I%R,\"C0+/=HJS
M2E5&T$\\\4 2R!_)$JY)///>BP7%%R1A6(7)^E&J&6F(VL"<CN0:+Z!ZB*P+
MMMY7MVHN!4O82T0:(<YIZ,DCMB7(5^& Y!I!N2RP$@NK=#QGL*+76@]0#E6!
M)Q]!2&3P^4TVY6VL>2*>^X*_0DN8DDB#;AO3G%'DPL^AAWELRS,Z E3R?:BQ
M++.G2B<F&1PI"':3W]J$UU&M=B[;H0=P'8CB@!)X595\P <GDFC1!N9E[-SL
M0_7%#U#8IX)/4F@185&%F6&X;7SG% #X]U[(%?A1S1ZA<B*[9O*<C:#0!::>
M.WEC","N.2.U#&M"M,XEN@\9/([^M(3+#SI#!MS\X[4V^@(SMW.?6D!-;J7<
M#!QG'%,"]82M;W4JMDIC'7I2&GW'33&/!R02W4T6L%P:_", R\'N!P:>H[FK
M;8DC0CA&/IS1N%T:UO%!.IBEP\;K@KTI7U$X]#E]4T^?0]162%SLSNC<?RIR
M2:%%M,ZC0-1MKNT:9G"W _UNX\_A[5G>VY;BY:HI:KJS73F*#Y(U_B[FGRWW
M"_+HC+5<8&>O4FK)L/ 4#9M^4^O>C7H!()S X# &)N" *&GN/U+SK"J3QJ%D
MB;!C)'0]<47UT$UW"VP\6%!]"/>CJ R6\$!:-.6'7T-3?J,Q-1CAN@)(DV2Y
M^89X-4M=Q-);&>#-;.R8YZ$'I2$F,+GCGOGW- $]LJK&SL.2" *>P"HZ;E)W
M!O?TH MI@A<<<=#0,D'J<X_G1\@&-QCN/04!8D@*XY. /THVZ##=\P/&"./>
M@!LNTD 9&/:F(<B@*1SSW(ZTK- #'"\ _04:W!B-@)T/)HU"_F*/E.]EP <F
MA@=$(H]3TI I = =N!^E-,EZ;'/LK13[&&#D9S2:UU&M195 <E1\HHZ;!I<B
M4AF_K0AER-=S?>P<9P:$K!J1S[<<\G&.E&H%9CO(SD*O%-7%<&.#P2 >QH&.
MX\M1SZX% +89NW$].*5_,![8R-K$C'>F)BEMK9!^8"A6W&,.=W) [T6L #<R
MYXQF@!VS;CD9'I2 <!SMSR:=M0.CL(A#8H02"W S^M)ZB6AGZK=^=,(8QA5Z
M@]\4?,IJVB,S)W<#CKBC7N(=R&P!T].U #",X(;D]>:- N*%Y88X [T^@K$7
M(!YQ]:7J C9.W<20..* W#' P>E'R"UAR+^^QCKR#3L#'73_ #;3]T#Z9I#V
M&>9F/!'?K1J JE0@ YIZ@/"DX(&0*%<!"ISC'&1DT@8G0\#./6@ 2/Y]IYP.
M@%,1)M(?8O3O2N.UB]HB%KAYSMPG SZT"ZDVKWPV-$1^\(Z^@I:LO;4P]N$!
M)W$\G JO)$:BJ,'!&![B@ .!STQ0 H4%<#C'\Z+C#;D@X/X4";&,HZ;6&/UI
M,"SYB_9@C<%5QC&*&V-)6T*P'S$'C-,0X$DGIZ4 .(&PD 9]:0##SP!@#%
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M6FO<W$US;'*N)+.<A2<9Z@\,*&@3:V-6"?[2@8 >_M35V!,F0,G' QC'%%K
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MH9'MI#CH>"*D$:D4AD"[<-C[IJU=O08ERQ@CWDXSVJ6!2+RSCST.TH< $]J
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MCD&FVUJ%ET8O]HZ?\FT$ C!4BA-IZ"Y5W!9++S.'7V)J;]A\K+$<=M(R[ N
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M%V!>@%/7J&G0? @0JCGJ<9- R.5B]RR_W> 0.U MB^LK1Z>P0#!(R2*&AC8
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M2]1:+8DE8CY%;*=<#IFC1C>U@Q@*BC#Y-&[$B,N5.&Y3V]:8 6)0/@;?3O2
M5V+DG'!I@P5AMR>0: !F&-HZ'FD Q^^.!ZTP&ANP!SWS1N KN,8/WB<C-*X6
M$+@\8&3ZT 2(_EME>3R,=J8+T$"ALXW<#L*  8S@GIQS0(.I&2: )'&Q<$'(
MSWZ4O09K>% /[1G(!_U77\10!UE( H * $H X::=KN+B-OEXSZT[,;:*1C.P
MJV/84"+VD(RS"%Y&$;'Y1V!I-6UL.[M8UI].,$K;@"I&1Z4]["6HR&ZD,C[>
M, *"/:IMT&9T[MO;#9+').>M58&5GROJ<]:?0!R* !DYXZ47L A*[\#M2$!;
M9P.>W-#W&"D;@6 "X- AQ8F/ QU_*AV&/C.XCG!]*+>06&75QY$:Y_.@-MBA
M-,7>.8H=@.<#O1KN*Y4G9YI3(XVAN<XHL Y&QMXSD=/2@!51E8;@ !SGUH$3
M7.! ?<^E#&-B01Q'!SQG- @MX-V\^O3F@":!#$V0Q&>N*=O(:)FW,I^88 R
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M G@GM3 F=S-.N,!0>N: --DCEM]I'&,8S2N.QE",V\9;&0>*8ATB[D$L;%E
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MP,$ FDAV)8K@VT[E "F>>: V)6NB(V^0#<<Y-*S#0@D>4[7[GBFEIN%Q^V3
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M@@DX/%'R C<!CS0 X*&R,\?E1K;80O0$ \XXH&-)X ../:C4 (&"1]/I0*X
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MSU/4&C4'8I:A+F54'  XYH0:(A1#NZ<8ZT"'EBV..@Z8I;#&%L=^E.PK"'@
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M8T\!?0\BC0!H&0!GC^M "D!, $<BF]PM8;ZC-%@';/D&,*,=Z!#0!U S@4
MRQ)P <T*X$AP\>"NTCCB@+H4C8AP0#[T@MH1#/) !('>F+05E)7(%!5A?E,?
M YSTH^06' *![T7OI8+ ,*^>OT/-+H!&Q.[KGUS3M;8+C0,8)Z]QZ4"N*O#'
M//?Z4 ,FP%#D G/ I#8EM$RDR.>>H&.E!).">2V#QT-/T&. (8;1@=<XI6 <
M92L>X(-PY]Z T[ 9"2K Y[GUI#',5?!QC'?-,-B6)$E4(>V3D&G>VX6*LUF4
MG61"RJW)YHM?<5V2'>,*,\<<TK!>PPEV?#87/>GZCOV(F7 /4T"(9&E:0(J#
MA>OK2LPT&D%&4G!8]0.@H 6XC9D4)C(YHL!':*6!!X*GI0@+<KA7 0@C'- R
M0@)&X8@@KUZ8I[;"\QEA/';6[E 3*6Z =!4N[7*-::F2=S.V>N<F@1<L+R2Q
ME$D;'!!ROKQ2:&CK/#166\EF'#,G3UY%,1TM !0 4 )0!Q\,>_\ A)Z478S1
M+K;VWEC <G@GTH0TNI RLZY4$>IQ0+8KE6B(YY/.<]:=@N4WA^<DGH>>:+H.
MHR0_O,+T(YYI@-QR,<_7I1</F(,@YS2TL(3DGH?P-  < 9XH=@%QDC'7K0@L
M-9AC/ Q1:PT5;ERFUMN >F:&252WF3 LWRYZT#+0B 0\9.>IIB&)\\A7&['>
MD!9)"H<C'U-.XR.+YQEB,#(%(!)HL;' &22#BC<0W!6-5C('OB@"5!B)&;!;
MIDGI0,16$\;*3C#8SZT("<1A8"C?@*+V"Q"L!!SM.3CI30BRJ9(4J!GJ31<>
MA-#!@D#OZ=Z/) /,B*A5%R!US4CT(&SNW*P.:>@-/L,DA<'<1@#OVI]!%F)$
M,&\N.GXT;:#LQ,1(H*!F)-+4+>8Z5X)(0KAMV!TZ4+0+>9$D,8P<$;!N&#S3
MN(?<W)DE\\*Q"XP10MAW28TRN,3,"K*05 /7\*5EL'F.E9YT8S%5< ;#TS0E
M;0+7UL5X/W2^2W((!!)]*&K A#.RD#!*A<<TTK:V#0;)("0W/TI6\@.C\)RM
M-#=2-G.\#\A4]1'04 %%@"BP!0 4 %( I@% !0 4 % !2 *8!0 4@"@ H0&!
MXG&6M/8MS^5-,#G+SY<EER 1DCO5 49G 96'W2<T 20,JEY%.,GH30[#6A7N
M C?O$&!G!';- B2"?(V-UZ T 6(G-J^_?C@CZT-#1/9RE9790K CH>"*&WT!
M$@+%&8'<&!&,]*/0/42S7S QE/W.@/>CH+<Z/29F> $1 >6,9+<=ZE+<;ML<
MAJ'FP:A(Y'?-4!+ XN.,C\:%8-Q\D(=<9;GJ,=:/D%C-1/*F)8;0.] BW.RO
M:!LX4GK1T&R&9?(5&4\GGZ4,6Q792''F?+D9'%(#J=&E,ML(",87(SWHV=Q]
M!NH6[,?E QMR,]J=]+W Q[%\D@'&,]NM&G4$49U-M>';V.5I"6AM!]\:N/NL
M 0*;U&+D!<$'TYH :2<#)&,_E2 &(!)!X]:=O(8'.5 /..PIM,0A4@=#GL.E
M2 AZY!.>YZ8H#4J7D?R[E! (YXI]!$*G9&BLYSG@&@!;AP,H =V."* (TCPI
MX)(((/>@"*X_UI&>!@ 4 202#;AFP>@)HV M0J&9 AX!Y '!IKN!I1IF AAC
M:",&GKV'<SKB5&@PX9,' J7H'H.MF1L*Q"H1W[4*R%;HB&=2DK;FRI7&2*&&
MI,L<:1H%)(QQ306([EY(\%5R/4T@N/BN_*Q(5W \$'O0V%^Y./G0$]#[\ 4;
M#;!AM;"\^II^8A(\#(SU[FEL,+D;)57.1QF@5C9TK20_E3S[1$RD@ XZ4T["
MU*5[;,E],L2G:O=>XIVOJ/8I,Q8K&,D#DD#N:FPVRI<$(I]0<CFAB&PS&9RK
M-M!'4T+S&6'N%23:,A3QGM1?4"8\+\N"#[]:$PV&E7. %QQ3$P53CJOXT: (
M^6^;/T%(8#GGH">,4 *W QGKS]*=A";B$V$>^>XH !\A!S^-%AJXY%W$A<[A
MSR>*2 7 VG.<FGL%QJ\,2XP/IUHOV$.()/RC - ]!",#D 4@$.?E&!CU(IA8
M'.5!!P12L!#OVCW/;&:8@)*O@'@C-%M0 ;6(53G;R30 VX9(RD8!SGGFE<'L
M/E<10]R20*;8$B*749!'&130KD@)7<#U%*Z*&NY"] 0>QI"",%G4L!C%,"<A
M @1AUSBD.Q"0QX''/K19 6<M)&I9P0!TQBBP.Y&2RLI( SZ]Z:!7'L"X/7BD
M PHH(QG.>E,0U8]IR@R&HN&B&.B@G='@XQ0VP$2,.I*DD#@$]J (3"T)&PC!
M'-+0+6$((.X@  =:8#IV#PD8(SW([T@(]. 28I+P3T/:C8!EQ;#)DX.6Q]:!
M%?R&&2>WIS0,ZOP;.[W$\;'(1!C(Y'-(+G6T % !0 AX% &"T:6L"DL,GDXI
M#2*4\OFS9( 'IFA#+MNI* +][\Z'83(-1E10HP-Q'( %5%ZA8R\ESL R"31Y
M@1/M#-^ &*?H@$  '?I20#, JO6G<!RD=3G\:!"8 X/3M2 !]T'J*+] '6T#
M7=U';HI))R?I3T0-E?56#S2D#Y4^4=J0;:%2TB$F<X(],4(5BSYR%1DC@\"A
M,8L2@9* C<<Y%.UP1,T8;"CDD8^M*X%95,0'.<'I38%Q$#QG;\PQZ4 0B &0
M#'<TM.H#_(#0\$#G(![T#L)L5'8':".<8ZT_421:B\LPJV5)88]Q2N.SW'_N
M=VX-CV]*:?0=A \?3&[K2NP&F<L?D&W)XQVI6[BNN@QD^8C( SG%.Z <VQ20
MH!.,T7"UAQNL(0 I7T/6BP*Q#%$=S _*H&0:>@E>XJ-^[()HMY#%3G(.1DY'
M%)7#<CN/DCWJV\C!.T]J/0-41B4_, 2,G\J8)DCKD*Y))4CCL:$ 7#LX5R!D
M'CZ4EY [$!<R2EB<8SQB@!YP$!P1_6GH(8 6;%%@.G\) BVN@>T@X_"H?Q =
M!0!S:76LWFH7D5G+"(X)-HWCZX_E4J%];C<[;1O_ %ZA#JFJ6-_##JL2^5,=
MJLHZ&FXN.SN'/&72QT,DL<0'F.JY]3BAR4=V"BWL"21NF]'5E]0>*$U+5 TT
M[,:+B$D 2H2>@W#FES1>S'RR[#FEC0X>15/H3BFY*.[$HM[(<",9!&*H0Q9X
M7;:DJ,WH&!-3S*]KE.,DKM%"]O9H-8LK9"/+ESNXI-/<5]#4JQ&%>:M<R7YL
M],A$DBCYV;HM2HN3T=D6W&&^K(CJ6JZ=-&VIPH;=VVED_AH<'%73N+FB]+6.
MA!!&1TIIW5T2075U#:0F6=PJC]32;L-)R,W0]4EU.XO-V!%&5\L8Y .?\*$G
MNQNVR-FF28'B<9:U&?[_ /(4UN!S5_(%0KR&. 13;8RO;VRD'S""I[CM1L39
MB7L*QQ)Y?\1XH8(KC,;^6Q4X;D$4#">,P.,=#R/:@":V N'RY^[U!-"L!.T
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M(S4@;) "YQD4_F '& <=SFE\PT% R,8&?>B_F'H(HSD4] T%"DE@,?4=Z5T
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ML#1*(?+B4-U H]!ZD#2"0[68ANP]:2T!G2^$UVV=SSD>=U_ 4GN(WJ0!0 4
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M4O:1[A[.78/M5M_S\1?]]BGSP74.2787[5;_ //Q'_WV*?/'N')+L)]JM_\
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M@:D 62,X6D%[$\&6D.Y3D=* N/U F2R0L=I4@8I7&W<NZ4^(LMD (2*;"ZL
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M2 E8/O"]!CUH"Y&Z$.<]#TH6@7'K((U.1V(QTQ3!!',0V67*BD@%0K*'.TJ
M.!ZTQO4;C.T$<#- A5'S'!RH.!F@5ALA6,_NB2#2'L.,C;!MX'M3W&,)+,<#
M)-%@N]P"MY66'3@T[:"")0 ?E(P./2EL(<3\IQR>^*+C:0H;^$GCO2T&/,9<
MEDX4=,T(5NQ XV7#@_7Z4 5PVUESSCO0(MJXVJ6!Y'-/48HD5H#R0!T]Z5V!
MI^"\->W3C^[C/XT"ZG84AA0 4 4-;XTF;'^S_P"A"@#F1E4R0?>F,3^'IP*
M$ . 2<YY.#1<&#'!=5.!TR#1H&Q&V 3D\_RIO4+,AN.5^7D]J+"M8J&0IDD'
MKBC8$#RCR"4.6/& :5P*((5\'KWH OV]K&55F&>XI["L6-A#$#[N*-![#& ,
M9Z@^M%P]!ME(J':P88ZGVI K%F,1!CT&3C)]*=QI(= ULL[*'.W/I1?R"Q+)
M- I3:Q !ZXHZ;!8>UQ&P#0@@\C!I#T15EY*ONYQVH$)<,DP$B%NG;C%&XGIU
M(4?SFV2?-QQ0#=QTDB1NC[1CH:-0LB036Y52L; $<XHU!)"17 23;Y1*>HHU
M8:")(IPJKG# XH8[#+F1UW.JX(/(Q3L#$@D,ER)!(!@9Q[TK(-29I9'E4C)X
M_"@+C) 65LC!YQ0)HKQ H>5!91T]J>PBZH\Y!F/OU%"'H13H\0XQ@'.!WH>H
M+3H1CYMN#C/3/I18:+3S/$HSDCH1BE9A?N0SSGS(W7!4G&!1J!,91N" ]^M"
M8;"O^\C)QC IW[@4]PEC)!R!P<]J5Q$=MO28PKCGGKP13 O36GEQAVQD^E&@
M$%P5"JX /RX.:$QM%JWACFC7$:'C/W::9-A3;1^:H")DDX&!1<+,3R8Q(4\M
M1CJ,"C785AL\$4>1M08&>E%QV9'!'&^W;&A#<=!0%KDLT$<;$LB#'7 H;L*P
MVV2*0\(G3TI)CL+)"BD#8@/3%-RN ABC!9=B@@9)HN%B,"'*_*F#Q2YAZDOE
M1'@H!C@\=Z+V%J,9(!(!M7UYHN/7N.\N$+G:I[Y!HN+4<L49!)08[^U%PU&"
M*%B0%7I^=%PLQ6BC"Y"J,=?:G>X*XY(48?*B]/6D&HD"(7.P#(XXHOV0]192
M=^W)R,<8I-#0*R$,NWD^M%[(-"%HLDA!R#GK1<"JZ/Y@:)0 #SSBBPB1XS'M
M<8^>@+6' '//) ZT6 S9 8[C+KP3D>XH$7+DIY'3Y>E-L91EB,1!P=I^Z?6E
M8"Q9G/0X?-" OHX8!&('/!QWIICW)X %RLP(4\!O2IO;8-]#;TR]>XB,4C@E
M.A)ZBEI>R&]MBCJVE2,=]NC!2,\=JK?0F]C+MYBSE)@%('?O1L/<2]A!D1E^
M[T)Z46!ICK>X%N'CD&Y3@KN-&VP:;,?'Y9\P-G&,J<]*-@L+$'MYCE,J5^M%
M] $O+J)K.),XRW#8I7'H:=A"O]E-+R?E//I3N+4YE9I8[IRCD#.#]/2@$VB.
M[D25E93\V,-0#-"RG,UO&');9\OIQVI6T'N:;RJ+,G[PZ$9Z>E'4+::E 8*_
M3FGT$2 #!YZ=<T?(+ >5X&"*.@QRY"D+D>^.*+"%.58$GG)P?:AKR!#<@'OR
M.?:D,:3SW('K3$-E4,N",E13786ADS0X(V#D^_6DP) &2-8ST!YH C>'+@H0
M 1D>U BR,#8[<-CG/TH&1-%^]WNWS]<>E#$2I@2%VY5NU"[@-#AG*(<<YQGK
M1NQDS)@8"#GN:8B,1S;L^8NT?K2MU'J+$0(S@@DGJ*8;"A0-G) !SCUI:!<<
MA)W)CZG/O33%N(%_>MM P!@\TD#\RQA1&1C"_6FT5H4RK.X"C*CM0(G*'8!G
MMP,46 C.6;83WS]*0/T 9')Y![>M%@#O@#GGIQB@")]GF'.2<=SB@0U?+,8#
MCIW% R895U>&3:P&1GFA#6FQ;;4Y""KVZNQ&..@HO)O<=T5&FFF<HH\M,FCU
M%?L,50)6<L6QFCU$3P2!]I SCM0%B0@/,?G&">!FC1#U+MLB- P!57![T:=0
M5RC+.1(0W/)&0>AH07)#.Y4D$YP!UIK1!<:C$M\W8<T^@/4BF<'(P<CBI$Q%
M'.,4P$'?'..]&@# P0;0HH$(9""VS!/0<=*0$F!&,$_,2!Q3 E,B+"5098=Z
M-]AVL) "7WL>2:%H!8E"[B4;%%K@0'.]NO!Z4(&]1HR3D?3% 7'H0C8*\$4-
MB&B0*<*"3Z>E(9(0<Y ]S[47 7?@J-J].HIAH-E &#C% ;"N. #@<470-6V&
M!AN!+'IZ4;!J2HY*\YQCH*0>0K,-HX("@]>]/4+D<9!C8 ').0#1Z@#AE."!
MQBCYA<59&0],@]:0$<N^3<R#GWIV$*MN2HZ#ZT]$ YK<HP!;)I6#4#$1$WS<
M=/PH5AZFEX) %W=CG(0?3K2$=E2&% !0!G:\<:-.?]W_ -"% '/.#M..@]*!
M[#,9!&,$C-.[Z@(%.0W0?RHN'41%'4]NU"8$$RL&.W'/M0(BDX4KW'2@#.N7
MWR[0,8X- #[",[R2.HQ307)9+58V!8<GDTV*Q=0XA1%5B1[4M>A6Q&[KL. V
M<T:A?S&0  $GG)QBA:;"]2P(HR-ZGD9R,=:+CL#E=RX7WQ2O<32(HEC>7DJA
MZ$BBX[+<6X7)W(20/UHU$T0O)ACM( !Q]*&-DJ1I(%4R+EAD47"S8FSRR8R<
MXX'TH$%M)'#<_-&64>O6G=AZBK#YTSK'C:.03VYI-@01B0AD"@!#@T!L3A"8
M]P.<]11IU J;F#L1D '\C1N!<E=W0L2"7Z\4#*?V>2&?<5 !&0?7VH)-!8U*
M[P<_2GZE:HGC@C9"V<CH*+V ;-"-BM@ @T.0K#[<&*+]W(H!X(QTI76XQ)(B
MTZ ,I+]_QH306*M]";53Y9#8/:GZ"LUN+&5<98X4C@4MN@[-D9MV "G@HW&:
M8A955ID(D'#?-BCT'J3*R@%-P&>?:BX6;($C1=Y !SS@4>@B"./RI"ZC!!!
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M1<E0,$&I8G<;:2*LJ[F(#>E %I9%9R!U#=3W% 6*M],_F#C"L*'?J'D4""Q
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MZ-0)#$&<' !QSFBP JD9+'.3VH&-P[@'/).3B@0% ^X,K*/4=Z/4""222)P
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MTUMH&@#E.3^=(&&P@9!R .:=@U!02""#DGM3V 7:N_' [9-)Z -*'H.!G\:
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M[5&#W'//?%'070T;=3+:$ 89"3CI1=]0N4;M%W9(SNXQ3^8&>4,3X!X(H=@
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MP/R_=;K^!HNUL,I7KAKMDC(VY[]J!%:96,N(SN QGG.*/0!T ="=R''?)X%
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M,YH"]A(=]PN7XQQG%"5V 70VP[5/0_E2 DLY%VJ&SP<&F!:"CC&:;0:",#M
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M $!R>5(/44]; *7W'D<CO26F@,1<9^O-##YB2*0,YR?2@!1N4\CH.!0"#YN
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M1Z,F:?<IC;G:./SI7\QD8ED,@ P!T(IZ"N-9,$C&#F@$-<G:Q/0=!3Z7&*0
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MUXH=N@K6-ZD 4 % &-XH9ET<[!D^8M- 8BDIWSD<TAW8J'<A0M@XXIB*CY
M(/7I0,C.2* &.F>,^]->@@&-WS= >M #G48SNP1U% Q 2N5Y&:5@%4D':"<'
MTH#4:5!8G!R/UH%YB =P.:8#N<'*@$>OI27J+0:5)/(VTQCPNY??'3VH"PR/
M.XCI^- >@XXZ#C'I2& R=PR< >E&P7% ( &.G7B@+@<>Y]Z$'S #C?Z'UH;%
MYDJ$LK<\$8I:=!CN%QQS1H AS@J< ]N.:+6"PN%3ANGK1?L'J(?XADE3TH2
M:3\Q8#CI3"X\,0X[#&128 X.21]*+H!A4J?;%/0!2"/E&<BAZ@*.5SDCZ4;
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M[:K;<E.^Q85"R,JC&WTXI;CM8LI;;E'<=^>E ]Q)%VL.A...*%8&4+W?+<*
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M3TH!DJ,&8$J1SQ@8IW8(:94B8#!&X]NE( %PIR-G(/44!H(JB-&=N23V'-
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M!C(Y/+B**Q!4\CUH#4M ;EW$XR/6F ],@!@2.>M*R D.>"1R._2CH"&*",X
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MV8P&X7O0%A)8A! NWD9&1Z4,0T;2N[!VGOZ4 /X,?!QGCIVH!"%3R <<]N]
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M0G;H%BH+94A8+_>R!3W86L/B+M&1^?M1;R"[';@IV[N<]1TI  Y/)XQW-'D
M;@..2!^E&H"*H(X'(H^8"$$9![<'%"L N ,']/2@+"KG;2L 'TSQ3L [H0.H
M[4@ .>_XT]0)7.!UX[#.:&!&P;YN,8I?,!.60#(!^M+0":+(C<9Y!_I3TN%A
M-P"$G@$4PL(&P-H/..M2@(D(526Z^]58!XE&W:",9Z@4:CL2P.@(9^0:7H E
MG*T6J%;J'S;;)"D=O3FC7="=GHS6NI8&&V.-8CWP.M*_<:5MC(O4A6$"/!.<
MFG=,5C"WE),9/!QF@1JVP!7Y&/R 8 IV&0SVVX[MJMFG83(!;&-=AW!CT-("
MT.($C/51R?4T!T*]GF.5E.?+;I[T BPL7E7#/CY6Z?UH>@(J7T2J-V3R>,TM
M !-/.(VW@JPR<=O:G=!9FU _E 10?+'CA:':3&E8EO4*609N2>IQ1HD!EJ=V
M1@# Z^M%@%5S@AB01TR:+>0$#,SL4EY4CTHL&X^.-XW\LY V9XH$B1UB\EE1
M<?+Q@=31J-)=RHDADCA(&7C)&?:D(G(+3+U XSFF-L;<Q[_F89XQFD((+-4#
M,R<BJ2 BN86>).,$>E)@+8S/9JSABHQGZTK#3L;4=VEW9+@D'H?2A;[ 33+(
MEJ 7!5B./2G9=$'R,A3AVSD<]Q1;R G!''L:8#F^Y@YYI6M8!-V,X'U-%P$R
M O'&#WH7DP''))X&!V/>@5D9UY",_NQCCH!1N(A+E(U)7KP<^M $CS1QNK#!
MW+R!VHN.UABOLD:3RF4$?A0!&K\ML'7GIF@"1H0FXAL?046 DBF\Q]N<=P".
MM $T:E <'!!Z^M/;<!/-5\AAG ZBD#$),<9XYSQ@4!H2KATYZ@=*.H]RMAE.
M& P!CZ4"(VWM(K+C:<#I18!WF21RJI[G&,=* 'R3*C ,3E>W2CT ?%<(Z$*?
MP[T7&2+LD4H<9]*$"16FMDY,9VE>H/>@01H!SC/I0!-;S@M@KWP11KW E.#Q
MMP<]10%BN\*-M /*G.,T*P6))% 4L!G(QS0%AR/&UJN.&''-'E8$BOL"QLN[
M"GK0&HLJJD>%?<.A HW#89  DI*@X*]30A$I(++QC Z$T#%0CJ0>#@4P'%F$
M@7!()].E)W%H+R<C'3I0.Q#L#<D?-[B@0A4!5!'.>F.]# 4;1<L&/.!SC@4
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MP1P,<K18"-&57)96R3@<XH =YR"5 <K\V,&BX$TQPK,6QCCZT; ,20/#D$Y
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MV=[7)/,9QGGIS0.YK$9 ./E(R".]%A#&"J,'J3QQ1:P[!D*HS^O:BWD A;/
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MP90<9HV#8NEMQR6!'3I0 PD8VXR.GU% >HH& K@8 &,4P&89+E6*@AAC(YI
M1F,-YFT@GKQVH D+2"%2H&2.118!DC?<W1DG(./2@"*3+W^5&1N'2A RY.@D
M4*PXSTHL-D4<0BX!.">].PBRF5D_BP>!0D%Q'4EAR:6@$,O'(XX].E AL(!3
M(/'4YH&*[JN,' ]J T(Y3D@@MD"@"3(V<GMC- 6&$*(S&,%<\8- %4LX<J'/
M'%("[:1^402>&'/%.P%L'J!T]:![#2VSD#I0(?\ *YR3@XH&(?ND#DXZT:
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M0V\!M$ BC7S'ZY[8-#:[C2*5Z^R0%L [O7FINNXV0$%\8(R:KYB;"9?-MW3
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M\87@Y(%&X6)IW)0$=SCB@8Q@"3G]*8B9"4=?89R*2 #_ *PN20PXQ0!2NB<
M _AZT .L&WY1N<#@"A 32(J3*I.%QSQ0!"R_=7H#R,4")$5=FS@D]>] P>-1
MU&.>M,+%-8)-Q8=1R/6D(NPL6!1G&>F.] Q^X"0(ISD9H >0"<$=..M  H"L
M"<XI@*V3TX!I!Z #V&,T *DFT#'?K1889^;K0(Z+PG]VZ^J_UH8'14@"@ H
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M[$( R<?G1<"E!((T:0KSCH!0"L6+:43Q$< YR#B@-!)PL>U@PR<47"UM1\3
MOMSDGTI@$O#+Z'K2 I3QA\A?OJ>A/6@"2R7RY&R,$<<4")IW65!@ ,.#[4#9
M&D:L/EWC'3TH ECP9 #DD47$)<G#>6N'4#)-'H-D*,=_/5>@Z4"$6%Q<,[IR
M#GKQ0!"YF63?AL ]<=*!FD"LD8;(/ R!0 T@>AH"XX8.,*<^],+C2,-D+FD
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M#0Q'0TAA0 4 4-7&;5!_MC^1H0',$'D#]*0R,\DX))'Z4P(C@$9YR2.: &C
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M&& &.1BDP&LJLP!(/I@T!9CBN&''RXZYICL)P#UP!TI" $!<9(R:8QHR6)!
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M^E "YX)/7VI@+QD%NE(!=V#U^E%@#?E>.A/- '1^$2?)NLGHZ_RH8'1T@"@
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MI1H@N]B&0R%]^<*..G:BP$O8$C((!]\4 1NK$ *<9.,],T 2[6"#)#8SSV%
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M FMW"E8V89]J- $EG,;$@@YX(H (+@R$1E>O<4 7)X]JE$<$D#/>GZ#U1&Z
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M<;(D&<#IFB*5[L-]$73*MF"BY..21[T,-$4PXD#,Z<#IGJ:! X# D9!(ZT6
ML1Q;D7/5>0:;V"P\J!CC(!["DF.PB<39!)!H%<4JV689P#G-%_,=^XIX521F
MB]^H:# I9L8YS0A:$G"H%(R<T>0R_9ZF+"7>VU05P034O1C23([SQ,TLA19
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M@+@"  ,< ]:8"GJH'4T>@,@GBSN9!C<,?6BW8+%(J BPDD'/7'O2$5G7RY2
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MN!'XTP.G\)?\>US_ +X_E28'0T@"@ H YOQ=R+09QG?_ $H QS(6X48% 7[
M8\ #J/44P(V81A<GD'@#K28R%B0NXJ 0>:>@M.@TYW\  9ZGB@"02YC*X )/
M8=:.H:=AK'L3@^H-'0"2/:Q(R":!B.H0GKMQZT:@0Y(8$< CCF@6Q+(?,C\Q
M1GUH!E<9; []>!S0("2!TZ^E P.WG<!QZB@!4(VG(]J8#A@?=[4@%.>G?K3
M<O'!-+J <#) YH 'SLR1QCB@ 4_)GTIC'C.!T)(I,6PBD*?I3&  Z_GVHU[
M.!Z$]*6H#2 "<]>U&H"#/'44"'9P,X/UH#0J379!,<8)8#&:!W 17%R@+N5
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MC1QG/'IQ2Z!H+RJ 8YSZ4:, SMSZ'KZ46 CE!(!!SD\\\?6A6Z!J9D^=Y+
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M% :F0EV?M'"D*>,'FBXKF@H#8P.3ZT7!B ')' '3.:- 0@R.#SSR<4#'?\M
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M K6]K+?/Y@^Z#S["A+2Y/D:4DJQ1"&,!0.M&Y6Q3E<+"6)SV - C.)[G/TI
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M]P&" #L>OI0QE>!2TP (!.:$!,4D0^:?H<4 0M*?-W#!/;B@!N<H7. 2<8H
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M?,".*>Z L%26Q@<]:5P'B+!&2<>G2C0>QN^'$V6TV/NF3C\O_P!5#$;-( H
M* ,3Q$A?[-CMN[_2@#&E3(X.<4#9'& C$X)&,$ T7$)-%@9 QD\=_P :=T!
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MQ6LD-V"PZ=#3M8DOL1Z '&.!2'L!P..F.N:  8R"#C'&30P$&1SS@\8H8!@
M@+V/-,! ,'&.]""]BIJJ[IE=!@$8Q28#('8(0_W<<9H%<D@)5MPX7N!0 K@?
MO-O/KS0,@2-TR0,<T6 NQNCANG(.11<+%<6ZB-G!SSP*+ (T:X(V#CG% AL4
M6R56/?D 4 2QQ9<RC&,D8IH"6*,3.T)R"PS^% RM]F*!D(!YQ2 B3*C _+/2
M@"VA,UGG'S(<]>U%@(;@B0AAQQ@T""(;E5&52,9)SU%" A*!V8*V .@(H&(X
MV#Y"<#@T@'26^Z(2H1MQR,TP( .IQQ0(EA?RU(*!AG-%QDMI\D<C  \XYH$2
M"W3S"1]T@@#T- $,;BVGRRYXZ8H"Q8C&XD,O<XH G0DGD#.,<4 10, YC)P<
M]^*!ZEJ24,F"N /PHU H$+OP%X!R:!$AC#87H>H'M0,2>/,(.<$'- AAVNP"
M@J2.IXH <ORH1QUX- #)U$C89MN.>E >@L(58V))/H:!B2.3(JC@ <YH$59!
M^\('04#-W2(L1KN7(([&GTL(O$*LC9!X/:D4"C:58 \YQGO2] TL;>A@+!*,
M<[LD^M C5H * "@#!\32",VN?]OC\J!HR2^<$9(QCZT(&,/!. -N.A]:8 CJ
MVZ&0\ 9&?6E>P;E>10K%< $#'6FV+T(N^0 ,CG- # #Q@#KDTQ#=Q)/ QGMV
MI(>XI(!P .>OI0 QV' .0/3% B2-@KD#&,]N]'H,M'8J+NW''3- ?,3@LNTD
M%N<"DP%<$@]<'K3TN%Q@7$9('0XS2 8C!\J3CT/K5)H'J(V3QM (..M(-"-P
M 2!GID9%, 7[PSGUZ<4@%!X]:8,!RP!)X]* N*3CUH #C'/'Z4G8$(A![D8.
M* #=Y:@$YY[]Z'H!7\\I*4=MO/4<T; 1B7S P3]VP//J:+@/7$18L3M(Z]\T
M; A5W3.BHK#C&X]Z:UW%<L/!'"!NY..N.M%UT'8G21@6PH&!DDT@ZZ%2Z$LA
MR& !X.*+ VR2,%%4$].,U5@$^5G"@@FI] )@2#C.<4= !9>D93(Y.>].["X[
M"JX/.5[9I 3DIY2L<<\@?SIZC*%XBY)*<CTZTA:%2WD*3%U7V(SBD!IJ ')S
MC*YQBF%@=R&Z<$8-"T'\B/=@D'D?SH6P"-@'.>G3%-"$).,C(H&&2<\?2D("
M,KR.#3]0N*,A>.W%(!%)W9R,XHOW <.!0%A'4[2<T!80?+V- P!!7(R">*>M
MM17#@,0 2<]:0$Z8QT '?-##S&NRAF& !US1T&QR+QN&,@T= LMQ6'RDJ &]
MJ$%B YW=>AH!"Y(&"<@]J7H H4D*2>^,FA>0A20%^;C'6F"*DLXD4(J%DSQZ
MF@-"Q963R-\P!..G84)(0Z_O?LT9AC(+]"1VH;OL7\)G@^7'OE!SCCGK2V($
MM+8W4N]ON@TT,T+BX11]FA(#'@X%%W(=K(ST81M@XYZGO0(1DWQ EF(/3VI
M..U8P0=S8P6Z=>U %JUMW@=967?N&!CM56Z( B4>;-($8E,#IQ2L,L*3OW8W
M8Y(/\J0"D*=V#C/(&:-MP((^ &+8(Z@4P)W<^61@]0>* !"Y4G Y&3S2$(5
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MY\[?3BFPTZ&I2 * "@# \10^=<6ZM]T*<''Y_P!*-@L8=NS2$(#@CUHV L[
M5![GJ:.N@%=XN&'.X8QQSFGMI8!DA$H+?,".HH5T#(MP;.222#^% $>W'KGT
MH 3;U!'7N*!"M'\I()/84: -"'')QQ@<T#%X49R.#UZ4 B;SPTC'!"$<#'0T
MDK+48%-H4CN*8M1Q52H)+;.A]:.NJ!KS!1Q\@) .3CO0&JZC-A(WKZXZ4!L2
M^2"OR#CC(-#8$<T81P^ >.OI1>X$/EEN,#!XYHV 4 Y(![]J %&0^,CTZ4;
MD1W$H4''# T:@1Q2!T(49/\ *@!5A,4.7DP2W&*+K8-0F@DE1F0<)W)YIV0B
M"."3[^ <]SR:2#<G@MR9BXZD\9IH"]'9)&S&?YF..M-66P--D3G8[;00N>,=
M:0Q2ADE4(A.1C\:=F&W4:%*GC/'KUI $ACPV2", Y]Z+W!HB$A\OY0..]*X7
M'H.#\O)I@'FLCD+C/>@/D5V>8.=FW%)H-B9'+ '.2<9S3L%Q6<E2HSD'H>E
M%HPL]OT&X@8!H\@W*+QB.7#C'/.!28=2VA!3Y1GB@=P WJQ( )_I1H)B28/\
M*@^F*!Z$;J5(((Q0(3H.HSCM0 *"03G\NU.P#UZC.<=\=Z0#648R>N:8" @#
M)&2.U%Q( <K@<9I#'J"W!'4]*- &G:3@G![>]&P!CH#T[4>8$NU-F>AQ3N%N
MP;_W>U?J:$V!&WWCQ\IZ4K@/+!1D8 Q1T 0,/+<$\YR*+C&'!<<]:!*Z%)[
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MX9^HSVI65@'R(0&W1X..<BC96'N0QQASO48 .3F@1&8F=C@$#J,C-,!CQ/+
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MS^5(1JT % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M'*@_LNQ!)^RQ\^U',PY4']EV0  MD '-',PY4-_LFPYQ:1_-UHYY!RH4:58
M@BUCR/:CG8<J#^R[';M^S1XSGI1S,.5 -+L1TMHP/3%',QV#^R['C_1THYF%
MD']E6//^CK2YF%A/[(L"Q/V9,GZT^9BY4']DV. /LZX!S2YF'*']DV.<_9DS
M3YF%@_LBPXS;+Q1S-!RH/[)L><6ZC/?THYF.R%.EV1.3;K_2CF86$.E6)'_'
MLO'UI<S"P]--LXV)2!0:+L+%A(TC!"* "<FD,?0 4 % !0 4 % !0 E "T %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 9]UK%A9S&*XG,;C
ML48_KBAW6M@18M+N"]A$UM('C)QD>M)#:L/GGCMX6EE8A%ZD G^5-)O1"*"^
M(=+8D+=9([>6W^%"3>EAV-2@04 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 4M5ACFTNX650P$;$9'0@<&FG;85KG'Z7>3Z)<Q32JWV6Y4$
M@<@CU'N*EQZHI.^C.ZCD26-9(V#(PR".A%"=]4(R-/C0>)-4(4# CQ^(R:=P
ML;5 !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!5U+_D%W
M?_7%_P#T$T 95II\6H^%K:"0 -LRC?W3DTT[: S-T349=(OVTN_.V/=A2>B,
M?_934R7*[H:U-K3_ /D8M6^D7_H-,1KT % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 )0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % %74^-*N^<?N7_\ 030!7\/?\@&T_P!S^IH!E;Q#
MHZZC;>;&O^D1CY?]H>G^%-/H+8H^#GD>6_,I9G'E@ENO&X<TK<N@[WU.IH *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@ H 6@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * *EWI]M>X%RC.H
M_AWD#\@:%H[V"[&V>FVEBQ-K&8\CD!R1^1-&C=[:A=[%V@"M#9P6]Q--$FUY
MB"^.A(SS^M-NXK6+-(84 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 E !0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % "=* (K:>.ZMTGB.4<9%)!L34P"@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@!* "@!: "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * *6KSBWTBZD)QB,@$>IX'ZD4@1G^$I_-TC
MRCUAD*@>QY_J:8&[0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 )0 "@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * ,/Q/NFM8+*,G?<2]/]E1D_EQ1U R_!<P6[N8/[\8<?@<?^S4
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M@]#3335T("0.I I.45HV%AU4 W(Z"H4DW9,!U6 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0!ASL+GQ*R9.VTMF/L&;C^1%"ZC.
M7T"X%MK=JQSAF\L\_P![@?KB@#T2@04 % !0 4 % !0 4 % !0 4 % !0 4
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M]MP2;V*PU[2S-Y0O(]Q..^/SZ5*DMQ\K-(<U2=]429VOV_VG1+I!U5-X_P"
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M9)%=#M*D%<=C3$>HPRK-!'*GW74,/H1F@"2@ H * "@ H * "@ H * "@ H
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MCD@=,8Z\8J&^5V8[75T)IVI76JW-_("18+&50%1U[>_3)_&JM978M-A_@O\
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M?;<QM8TM=#FBN+*\97+?*F?G'!Y]QV_&DW&6@US+T.V0L8U+C:Q R/0TQ#Z
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MR?["C\K&_<WF8ZYSW_#%%[Z!:Q0U!5'C:T^S']X=ID _'/\ X[1N&QU= !0
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MI/34C\*6+7%]+?W!,GE_*&8Y)<]3^ _G5I**T$VV=C2 * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@!.] "T % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!1M]+L
MK6Y:X@MU65B26Y.,]<>E-MV$7J0PH * "@ H * "@ H * "@ H * "@ H *
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MT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 G>@ H 6@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H :S!1EB !ZTGH%K[%"_OM.%O)#<W$>UU*D Y/-
M3[1)Z:E^SEUT,OPYK$"V_P!AN)P&B8K&S'[R]ORIWL+EOL6/$&BKJ,'GVRJ+
MA1G_ 'QZ?7TJT[Z$-6.'5I()@Z[DDC;(SP012:Z,:\CT&&^34- >Y7 +1-N
M_A;'(J&_=U'LSSLX,G)P,]ZL1W&C1PZ+H7VFZ(C+_.WJ?0#WIS=M!15]3E]6
MU2;5+GS7RL:\(@Z*/\:E+KU*;Z(II"7&<'%4DWL3<[[0390:?%;V]Q$[XRX5
MADMWXZU'.F5RM(UJH04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M@ZT % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MWED S^'/%#E+:*&H+JS1_P"$PL_^>,E1[W8KECW%_P"$OL_^>,E%Y=@M'O\
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M/[V)RGTM]Q&L&H6.LV@DOI;BVE+*0W8[3UI\D5JK_>/F;5G;[CH*!!0 4 %
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M&O5O3M0"5PMYXKF!987W1MG!QCH<4)W!JQ-0 4 % !0 4 % !0 4 % !0 4
M% $<LL<,9DE=40=68X I-V (I8YHEDB<.C#(93D&A:H>Q)3$% #=PW%<C(&2
M*0#J8!0 4 -) &2< 4 1PW$-PI:"5)%!P2C @&I3N!-5 5?[1L?^?RW_ ._J
M_P"-*Z'ROL U&Q/ O+<_]M5_QHN@Y7V+5,04 5I;VUA?9+<1(WHS@&IYD/E?
M8G5@RAE((/(([TT[JZ%:Q'-<0VX!FE2('IO8#^=)M(:3>PZ.6.5 \4BNIZ%3
MD4*2>P6:)*H0QW2-"\C!%'4L< 4FT@2OL1_:[;_GYB_[[%1[2'=%\DNP+=6[
ML$2>-F/0!@2:I2B]$Q.,DKM$]421)/%([I'(C,APX4@E3[^E)- 2TP"@ H *
M "@ H * "@ H * "@ H * "@!* ..TP_V1XKDM&^6*4E%&>QY7_#\:)=Q]"[
MXF,EW,EE  QBB:XD'L.!_7\Q0E<70L>%+L2Z1Y+,-UN2IY_A/(/\Q^%(8_0A
M]JFO-38?Z^3;&2/X%X'^?:GLA,VJ (9;>&=-DT22+Z, ::;6PK(SI?#]D6WV
MWF6LG]Z%ROZ4.TOB28*ZT3&?8]9MO^/?4$N$'(2=,$^V12Y8]&U^(^9]5</[
M5U&VXO=*D('5[=@X_+_Z]+DGTL_P!R@M]/Z[DL&OZ9,=IN/*?IME!7'Y\4FV
MOB317+?5.YI(Z2(&1@RGH0<BB,D]F)IK<?5""@"E?:G9Z>A:YG5#CA.K'\*A
MRMHM1I7.6U'Q7<W!,=BOV>/N[<L?\*=F]PNEL8<\4L#QF<$O(H<!N3@],U=E
M'1 VWJR6_L6M4M92<Q3QB0$# 'J*"=29-&FN+;[19$7$0Z[>&4^A7_#-"L_4
M3;6YGR1/&Q5U*D=01R*&K#3OJ)G X!I#%SU)H$!SD&@!51G;"KGT YII-Z(&
M[%RWTF^G;$5K*V.IQ@?K5<C6Y/.FKIW-6V\*7S,#*885]SO/Y#BBR74->QK6
M_A6RC ^T.\[#G^Z/R%',NB'9]S4M].LK4@P6L2$=PHS^=+GD'*NI:J2A: .6
M\:C]U:'W?^0H O6VOZ;%8PJUP24C ($;=A]*+2M=)CL2:-J1U.>\<9\E' C!
M ! QS25^HG8UZ8!0 4 % !0 4 % !0 @[T % "T % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % %#6SC1;LYQ^Z- %3PL!_8<1P,[V_F:!61!XK
MM[4:6965%F##;@8+<C(_*FY_9;!1ML26NH#2_#%K<7F2VP!5'5NNT?EBI>FQ
M6[*K>(=3$8N/[(86^.I+<^ASCI^%+DJI;K[OTN'-$U=,U6/4M.:ZBC(9,AHR
M>X&<9H5^H,QQXLFDB'DZ<SR Y<!B0J_@/K0HU&M/R_X(G*$=V:-YKT=E:6TD
MD#FXG4,L /(SZFCWKV2U&K;WT*LOB*[M'5K_ $N2&%CPP;./TY/Y4W":WL_Z
M]6).+T-._P!5MK&Q6Z=MRR >6%ZOD9%*^F@[&2?$\ZQK/+I4JVYQ\V3Q[YQB
MFXSW_K^OD).+TN7]0NX;SPW<7$+9C>(XXY!]#^-"8VK#O#/_ "+]M_P/_P!"
M-,1I22+%$\CG"H"Q/L* .3T"T_MC4+C4[Y0X#813R,]?T&/SH7NKS!ZG23Z?
M:7$1CDMX\$8X4 CZ57/+JR.1+96*&@Z9=:6US%)(KV[-F, G(]\=L\4FET+3
MN;5(#.UB2^CLP-.3=.[A<XSM&#D\\=N_K1:^@;'/V=E+8>*+-;B3S)I%,CL>
M>2K#^E%DM$%V]6=C0 4 % !0!RWC4 I9 _WF_I0 N@W4FFWSZ-=G !)A8]/7
M'X]12:L_(:U'>-<"SMB>N\X_*F(VM0U"WTVV\ZY8A<X  R2?05+=MAI7,5_%
MR(%<V$PB/\1..?RIN-1*[7]?<'NWM?\ K[S0GUN&/2%U*&-YHB0"!P5[<_CQ
M2UMH@LKZE^SN$N[2*XC^[(H8#/3/:A!L5+/58[O4[BSCBD_T?(:0],@XQ_/\
MJ/>OMH#M8I7'BFTCDDCMH9KDIW0?*?7G_P"M3BIR?NK3^O(-%NR?2M?M-3F,
M"*\4H&0KXY'M4KFVD@:[$(:P_P"$M*^5-]LV??R-GW?\*N[VLK=^HK>9:U#7
M+33IEADWR3'_ )9QC)'UI:MV2';2[*]MXDMGG2"ZAEM)&Z>8./;G_P"M2?-%
M^\@7++X7<W*H1E>)O^1?N<?[/_H0H /#7_(OVOT;_P!"- &K0!D:AK]E87'D
M-OEF_N1C.#V!J=7I%#MW%T[7;34)S N^*8?P2#&?7'KBC5.S5@MU18U'5+;3
M(@]RQR?NJHR31?H%C.7Q98%AOCF1"<!B 1^AS1[W8+(U9KVV@LC=R2J(-H.\
M<@@],4G)6N%NADCQ=IQ;[DX7^\4&/YT_>WM_7]>8[*]KFU!/%<PK- X>-AD,
M.AIW)V,FX\3Z;!,T2M),5."8UR/S)YI7;V17+YE[3]2M=2A,EK)NP<,IX(^H
MH3N)JQ>JA%2^U"UT^-7NI1&&Z#J3] *ENPTKF%JVO6%_HUU#"["3Y<*ZXW#<
M.E"?=6&U;J:FAR1P^'K621E1%CR23@#FFW8DKOXKTI)%42R-DX)"' J>9]OR
M*MYEZ/5+.6P>]BFW01YW$*<C'MUIJ5UL*QS_ (?U6V75+SS979KJ51"2I)/)
MQ].HHO;9 =!?ZI9Z<H-U,$+=% R3^ I.5ME<$BO8^(=.O95ABE*R-T5QC/X]
M*.;6S0^7LR_<7,-I TT\@CC7JQJKI"2N9H\0Z9,SPB?:2#AG4A6X]:GF:W0^
M4@\&'.CRX_Y['_T%:LDZ"@#"_P"$4TW'!F''7</\*OG79?C_ )@8-AI-MJ&N
M216AD-G"<M(QSGV''<_I4I]0>AW=("AK5VUCI4]PF-X "Y]2<?US28&1HV@V
MMQI:3WBM)+.-^2QR >E4FDK) [OJ+X?DELM5NM)DD+HF6C)[<C/YYS4VL[CN
M5-,MQXAU6YN[TEH8R D?89S@?@!^M./NZ]1.^R':G;)X=U"VO;(,L+DB2/)(
M(]/\^E$M=06FC.NH KWMI'?6CVTI8(^,E3SUS_2A 8=SX8TR"WDEDFE14!8L
M2O'Z4W)=A6;V*GA33 UR=1^98D)6($<MD8)_#.*.@>1I:OJUQ'<_V=80/)<N
MH^<#A,]_\\5-G+;8=U'5E/P8"#? YR"@.>N?FIVL-G4T""@ H * "@ H * "
M@ H * "@ H * "@ H Y/QA;/%/:ZC$2&!"9 Z$'(/\_RHW!:&CX?W7;W>J2+
MM-R^U >R+QU_STHV0,YZ1I](U"^L85)$X\M!GU/RG\B1^-#5V"9VEE;+9V4-
MNF,1J!QW/<_G0!8H * "@ H * *]Q:6]RI$\$<@Z?,H--2:T)<49LGART#F2
MTDGM)#WB<C]*'ROXD/WELQ!;ZY:8$-W%=H/X9EPV/J*GEC]EV_$?/W5_0PM0
M\47[ PHJ0,"0S(<G\*A)O5LNZ6R^\P'9Y7>21RS$Y9F.2:T2ML1>YT>BZ/';
MVIU745Q&@W11GOZ$_P"%.4O9K3?^OQ_+\DES/R_K^O,Y^\N7N[R2YDQN=L_2
MIBFE8IN[.OOM.-YX0MMB9EAB61/7IR/R_D*I:Z".7TK49M+NUGA.5/#IV85+
M5]1[;G;F#3M?LA,%# _Q#AE/H:I2)<+:HY?6O#LNG1M<(X> $ G&"OUIM+H)
M7V98L_"-S+&KSRQQ@C.!R:/=[B;ET1KVWA2PB4>9OE/N<"GS);(.5O=FK;Z?
M:6O^HMT3W YI.<FK7&HK<M5)04 % !0 4 % '+>-3A+/_@?3Z"@#H+( V-N<
M#_5K_*F*R*Z10:7)>7<DBQQ3,K8QT.,?J:38TNAH4 +0 4 % !0 4 % !0 G
MK0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 9VOG;H=V
M?]C'ZT <_I&C7EUIR3Q:C);QLQ*HI; P2.Q'I4NG3;NUKZ"O);?U^!HQ^%X/
MM FN;B6YQSM;N?<YS6BY(KW5_7W#;;ZDGB.>PM[./[;;^>=W[J,';TZ\]ATJ
M;M; DBL-1U^\4_9M/CB1NC2=A^)&?RI>SEIS.W]?,.:/17_K^NI7\+,!HNHJ
M#A@"?I\O_P!:F!;\&HHTR=]N&,V">Y 48_F: *[_ +SQ\@<[@B_*#V^3/\SF
MA: SHKRV@N[9X;D!HF^]SCISUHYE'5A:^B.4\11^5J.FVML@DCC1?*C/(8[N
MGXX%*+4M8A\*U+<E_P"(9(6C?2(BC+@K@]/SJU&2=[_D1[2&UG]S_P B"QMK
MJS\+ZE%=Q/$N-R!N_ S_ "%)JQ2=S:\,C'A^V'^__P"A&D,NWL;36%Q$GWGC
M90/<@T 87@J56T^XB'WEEW$>Q _P- '2T 9?]LP2?;([<-)/;*Q,9&-V..#]
M:E7>B&TDMS*_X2>]V_\ ()<'W+<?I1[.M_2?^9"J4[[_ (HZ=2=HR,''-448
M%V?^*ULL<_NN?;AZ .AH J:E=-96$EPD1E*8P@/7) _K1:3TCN&G4Q8_$US)
M*B?V4XW,%SO/&?\ @-'LZO\ 29*G![,Z6@HY;QF</I^>FY\_^.T#1:\4:<]Q
M;K>VV1<6WS97J1G/'N.OYTUJK"VU,76-574]$LW9@)Q(5D4>H'7\:A=F/S-S
MQ*VG1P02:@KN58F-$/WNF<^W3\Z?,ULKL5K]2A<Z[<WUA-';:0YB*$;WR0!C
MKC'I[U7+4W>G]?+\A/DVWL2^&;9;KPS<6[8Q([#GL<#!I=1L9H6I_8] O%F'
MSV3$!<>IX'_?6:3T'N6?#EFL>A2SW)VM=AFD<G!"\C.?S.?>F[)6L+J4;'6K
M'3U>TTJRN+G+%MQX+'\!G%+WY/167]?UN-\L5>3&6<LTWC*VDGM1;,RL1'WQ
MM;D^]4[]7<E6Z(M)SX_D]D_]D%(8GAZ);G7M2O)?F='*KD=,D_EPN*%HK ]2
MYXLM$FTAIL /$RD-CG!.,?K3%;6Y?T:5I]'M)'.6,8R<]<<9I6L,K^)_^1>N
M?^ ?^AB@!?#/_(OVGT;_ -"- &D[;49@,D G% '"Z+?-:37%R]D]W,[9,F3\
MO<]C514K>ZB92@G[[L.U>\FN;^WO(=/D@GB.2PRV[D$=A1R3:V!3A]EFUKK:
M7;ZG;7=]([2(ORPA=P8<X)';D_I4\W+LM2DF^NAEZOK,%]8/'!I;!, K,RCY
M.1Z XYXZ]Z?[RUY;"M".BW+#6DU_X(ME@4NZ,7V#J0&88'Y_I0D-Z$4>NVGV
M+[!J6G-""FPF-1QQC.#T/YTFZD7K_E_7X$J,'JBY,;>R\'S'3)VDB; #D\C<
M0#]*5U+96+U6Y0T74[6PL BZ;))(V=\@ .[G^57:M]E:>K_R$XP?Q!I-P@\6
M*]M ]O%.&#1GMQG\LBDXSWDK,-.AVM(#D[B%=0\;>1<?/#"H(0]#\H./S-"T
M=P>JL7O%-E ^C/,$"R0E2I48XR!CZ<T^9M69*BELB$P0W/@VW2>Y-K$$4LY&
M<X[8[\TKQ6Y5GT*RZOH<%LEK#9M<X 7/E ;O?)YH52HU:*^7_#7!PCNV+X,"
M.VHJ$VQL5(1N<#YN*>J\F#U)?#$41U#4SY:_)*-O'W?F;IZ4<S5]0LC(-_;#
MQ)<W.HPO.JLRH@ 8#!P,YX(Q25U\*U!Z[CM;U+3+Z)3;6LD%PC##[5''IP:+
MU'I-?U]P)*.Q<UBX;4#HEK*QVSJCR8XR6P.GY_G0M&,Z"^TRWN-->V6%!A"(
M\#[I[8_&JYGU9-EN9_@P8T>7MF<G_P =6I&=!0!B^*+[[%H[JAQ).?+'L#U/
MY<?C2?8:)O#]B+#28D*XD<;WXYR>WX#BJ?87F,O/$-E97CVTPEWIC.U<CD9]
M:AM]BE%=7^9GZYJ,6I>'GEMMX19U1MPQSU_J*:UW0FK=3<TG']D6>.GD)_Z"
M*8C%@Y\=W&WM'S_WRM %..:?PWJ=TKV[26LIRK+Z=N?QP:)1E\4033=F5/$&
MH76HPQ3-;26]JK;4W=78CK^E'+)?%HPNGHCI;K7[&PN3:SF4RH!G:F>P/]:A
MMWT7Y?YE)*VK+.G:I;:FLAMB_P"[(#!EP1FFF^JL)JW4Q_%=Q)-);:5 </.P
M+#L1G 'YY/X4TKL-C?M+=+2UBMX_NQJ%'O[TQ$@10Y<*-Q&"<47T"QS?@XY>
M_P",?,O'_?5 '3T % !0 4 % !0 4 % !0 4 % !0 4 % !0!0UFR-_I<MNF
M-YP4SZ@Y_P#K?C36X$UA;+96,-LN,1H%)'<]S^=("E<Z2L^O6]]QMC4[AZL/
MNG]?TIWT UJ0!0 4 % !0 4 % !0!D^(M0%AICE6Q-+\D8_F?P']*EZZ#6FI
MY\%+'@U0CJ/#OAY9 EY>(2F<I&>C>A/M_.J^'U%N.\8:B1ML8S_M/BLK7E?L
M7M'U.2QD]ZLD]/TL8TJT'_3%/Y"AB1PGB"P^P:M)&@(B?]XG'0'M^!ION,CT
MG5)M+N1)'ED/#QYX8?XU+0T=['+:ZOIS;&WPRJ5/J/\  T)@T4_#T\@@ET^X
M.9[-O+Z=5_A/^?:C9V V:8@H * "@ H * "@ H YO6=-U/5GC_<P1)%N"@R9
M)SWZ>U-+N_S)<NR?X?YER ZQ;VR0BVM6**%#"0@<#TQ4\LKZ27W,?/\ W7^!
M UGJU_>VQU#R$MHFWE(SG)'3.:JR6M[AS7TM;[C?I#"@ H * "@ H * "@!*
M "@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"CK%O)=:5<
M01+N=UX&<=Z$ S0[>6UT>""=-DB[LKG./F)H$:- S!\2Z=<WL=O-:*&> D[?
M7./\*:$W;H1"ZU^]C,'V-+4MPTQ_A'?'-+DDG[S5OZ\Q\T;:)W_KR&Z'IEW8
MVNHP2Q8+KB,Y!#<$?X?G3LB5*Y<\,VEQ9::\=S'Y;F4L >>, ?TI/0:::NB#
M6],NOMT.IZ: T\?WT)^]_D<&G9-6"]BG>3ZUK*+9?V>;6*3!=GSV.>O;MQUI
M*$E\37]?-E-I%K5-!8Z?:BP)$]GRAS@MW_///YT]&3?EU(9-6UN:W^SII;Q3
MM\IDYQ]1Z?7-2J<^KT_KS*YH[EA-*N+;PM/:',UQ("Q7.<'C@?E3Y5?03;W9
M>T&&2WT6WBF0QNN[*GJ/F-#5G8$:5 '+7FF7VDZBU[I"!XWSNC SCVQW&?2F
MX\_6S!.PCZQKEU'Y,&FM#(PP7VMQSU&>E3R3>[#GAT-+0-)_LNV8RMNGEP7.
M>!Z ?G5.VR%KNS8I#"@##N;68^+K6X6%S"(CND X!PPQ^HIVTN!N4@"@ H *
M .=\5VL]RUD88))0C-NV+G&<=?RII7 Z&D!PVLZ'-;ZG_HEO))!(=RA%)"G/
M(JK7U$M-#5\3VD_VFTOX(?/6$C>F,]#G\NM))_9W!M+?8275=0U2%[2RTYXF
M=</)(?E4$?3K2Y)_:T#GA]EW+'A*.6'3)8IHGB83$@,I'&!3LUN":>QE:WI5
MX=:D2U23R+PH6*@[0<\[OQY_&BU]1WMH=+>V9;1I;.VX/D^6F?88 I <[H^I
MOI-JUG+IDYF5CRB\L2>_^?2FXU.BNA7ANV*O]HMXGM+R]MI(U8X55&0BG( )
M'?)R?K2Y&O,'*-[7L6(?^1_GX'$?_LBT#(Y8[K0-:GO(X7GL[DDL$_A/7H.F
M.?P--Q<OAW%S)?$-O[R]U\1VEE:R10ELO))T_'V[TE"7VU;^OD.\4[(Z>U@6
MVM8H$^[&H4>^!0!1\1HTFA7"(I9CMP ,D_,*$KB;2W,?3=8N=.TV&V;2IV\L
M8W<CJ2?3WI\LGT#VE+K+\O\ ,T;#7)+R]2V?3I8=P.78\# SZ4.,UJUH/FIO
MX7K_ %YF7!<7'AB\GBG@DELY6W1NIZ?_ %^F?I2E&5KQ!-;,E34=0UO4X/L"
MS6UK$<R.?XN><]NW H4)6O+0?,EHB#6E^P>)X[^Z@,UJP&.,@8&/ID'FG9I7
MB+1Z,DU'5I-6TZ2VTZRF\H+ND=U "@<X '>CEFW=_P##B]V*LAT'V]?!]N=/
M9TFC<[U4<[=Q[8SZ4G!OW7I^ ^:VHVX\16-]:&&YTZ22<@C;M!P?8]1^5$?:
MK1+^OZ_X<;4=[DNDZ/,WAFYMYU*/<'>J>F ,9^I%59)ZDWNKH9INO?V;:+8Z
ME;SK+"-JD <CMUQTZ5+C)%*S5[EG2+^_U75GN4#1:<HP%=1\Q]C^M)0:7-+?
M^OZN)VZ'14P.4UE)M*\0Q:ND320O@/CMQ@C\N:+-K0$ULR+7/$$6H:>UO8I*
M0<-*S)@*H(_KBI2D^A3276X:O:RGPCIYB5F2-5=P.HRO7\,_K5I7V);L6;;7
M=+M;9([&SD,Y7Y8UCY)QW/>IYJDO=M_D')%>]?\ S(O"+.-1OTG!69L,P/J"
M<_J:=K: ,TC4(],UR]M;F-P]Q<!4*CC[Q_3FAIH!S/+X>UVXGFB+V=R2=ZK]
MW)S^F3Q1).UXZB5GH]Q^H:^;QH[7149YW89<H, ?C_/M2CS36MU_7D.48=;,
MD\265PB66H1#S)K4C?M'7!!!QZ9S^=4DWHMPND.F\3P7%J8K2*9KJ12JH%^Z
MQ'K[5"YF[6*:2UN2>#>-(D_Z[G_T%:HDZ"@#E_$2?:O$.FVC<Q\$CU!;G]%H
M0'44 59;"SG<O-:PNYZLR DTU)H5BMJ6F1RZ-<6EI"D9<;@JJ "P(/\ 3%%[
M[AL9&E^(8;+3EM;Z.5)X/DVA.H'3Z>E1*ZTL79/J3^'(IKF]NM6G1D$WRQ@^
MF?\ ZP%7:RU)?D,36I].U*>VU@LT1.8G"# 'X=1T^F*EIQU6H[*2LRO/-_PD
MNLVT=NC?8K<DNS#&>1G\\ "G%/=H3LM#I)=/LYY#)-:Q.YZLR FG=HEJX^WM
MH+8,((DC#')VC&:&[C2L<_ OVSQQ,[?=MTX!'H /YL32&=/0 4 <QX-ZWW^\
MO]:!LZ>@04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 >?^)=0-_JC(A!A@RBD'J>Y_SZ4EKJ-Z%OPYH)N66\NE_< Y1"/OGU
M/M_.K^$C=Z'0WFM6UM+Y$0:YN3P(HN3GW/:LTW+X5?\ (NUM7H<)J,DTVH3/
M< K)N(8'M[4TK: W<K<@YQ3)/3=+_P"05:?]<4_D*;W&C)\7P)+90,!F;S=J
M8')R.1^@J>M@MU.-FM9H)"DL;HPZAA@U330KHMZ3JLVE7'FQY:-N'C[,/\:E
MKL4GT9T=Y=PQ7MIKEHX:WD_<W&/3L3[C^@HOS1] M9V.D!!&0>*8A: "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H 2@ H 6@ H * "@!* %H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"M?2S064LMM%YLJC
M*IZT;[ K=3$T6UOIM8FU2_@\C>FU5QCG@=.O04[66K"Z;T.DI % !0 4 % !
M0 A (P: L &!@4!L! (P10)I,0  8 P* 22V'4#&!%#%@H!]<4[DJ*3ND/I%
M$;1HQ!9%)'0D9Q0FUL2XI[H< %& , 4#225D.H&(0",&@+#$BCC!"1JH/8#&
M:;DWNR5&*V0[ QC'%(=EL,2"&,YCB1#ZJH%4Y2>[%RI=!^T;LX&?6IN/E5[C
M&AC=P[QJ6'() R*:DTK7"RO<<Z*ZE74,#U!&123ML#2>XV.&*,DQQHA/4JH&
M:;E)[L2BELB6D41+!$CEUB16/5@H!IN4FK-B44MD.50O0 ?04K@HI;(?0,84
M4L&*C([XIW)Y4W>P^D4% !0!#);02MNDAC<^K*#5*<DK)BLB0  8' J02ML,
ME@BFQYL2/CIN4'%-2<=F,6.-(EVQHJ+Z*,"DVWJQ62V)*!A0!&(T5RX10QZL
M!R:=VU:XN5)W)*0PH BCABBSY4:)GKM &:;E*6["UB6D 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!EZ_?_V?I<C(<2R?)'CU
M/?\ "I?8:.,TV&V$HEN@\F#\MN@R\C>_H*M.VRNQ6ZMZ'4BVU/4P!<M]@M/^
M>,9^<CT)[?YXI.*O[[O^7]?UH"E;X58TK+3K73X]EM$$]6ZD_4TW)O3H)*QQ
M/BFW$.N2L!P^&_.D,R0* /3M-XTNT_ZXI_Z"*&!FZK_I/B#3+0$@1DSM^'3]
M0?SH0&C>V%M?Q%+F(.,<'N/H::DT2U<Y?4?"D\ 9[)C.G]QL!A_0T[)[:!JM
MS'MYYK1;BV93Y<JE9(GXP>Q]B#S4N+3OU*OH=AX7OOM>EB)SF2W_ '9]QV/Y
M<?A2VT&;=,04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M'KCN10TGK'<:=OB.DC=9(U=#E6&0:6PQ] !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * (;J$7%K+ >/,0KGTR* /,6&)"",'."*
M .UU"<Q>$80F0\T,<:@=\@9'Y9H VK:$6]K% IR(T" _08H EH * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H 04 +0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 >=:[ ;?7+E.<>9O'T;
MG^M CH?^/B70+3)VK$L[C_=4;?US0MRCI*!!0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 @H * %H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H X_QG!LN[:X  WH5/U'_ .N@"YX<(NK^
M2Y!)2&WB@3(]@3^H_6CH,Z2@04 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 )0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 -R,XSS0 M "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0!A>+;?SM'\SC,+AO?!XQ^H_*@!_A6W,&BHQ/,
MSF3'H.@_04 ;5 !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !
M0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 5=1@^TZ=<0[=Q>,@#WQQ^M" 32P%TJT &/W*?^@B@"W0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 AZ>E "T % !0 4 % !0 4 % !0 4 % !0 T *  , =
MJ '4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E &&
M-9N;VZ>'2K59$C.&FE;"_ABI2D]=D-M+S(;_ %^]T]-ESIX25A\C!]R,>]-Q
MDNJ8+E?<Z.F(* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * $H * %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@"&YC,MM+&IP70J#Z9% ''Z#J_]CO)97L3*A?)8#E#C!R.XX%*2:8UJ='J,
M$6L:0Z6TD<F[#(^> 0<T1DF)JQITP"@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@!* %H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@".618HGD<X1 6)] * ,^]TNRU>!9<89U!29!@X(X
M^M4GT8FK,YB>+4O#5VKQ/F)SQC[C^Q'8U+@GJAQET9V=E<K=V<5P@PLBAL>G
MM20%BF 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 P;MYSC;@8]?>@!] !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % $,2,LDQ;HS@KSVV@?S!H FH * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M $H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H K:A_R#KG_KDW\C0!@:1K$EC81PZC;3HBJ/
M+E"$@KVS0XR6J5QW3=KZAJ][_;<,=GIL#S%F#M(RE54#CO1&,VKM67F)M(W[
M&U6RLH;93D1J!GU/<T 6: "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H : 06.2<G/TXH =0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 )C/% !@8QCB@+=!  !@<"@222LAU PH * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@! : %H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@ H 6@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * $  SCO0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 9 H ,B@!: "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * $H 6@ H * "@ H 2@!,@4 )O% ";_2@ W4 &?K0
M 9Q0 M  #0 [- !0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 )0 4 +0 4 % !0 4 % !0 G.?:@!: "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* $)]* &%
MC^% #"1^- " T *.AH <* %]J %Q0 8H 7I0 "@!10 M !0 M !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "#I0!G?V[IO\ S\_^.-_A2U[
M7+:YBNHA) ^]#WP1_.F!-0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % !0 M "4 (30 T\&@
M!A/OTI@-.#VH ,4  _'\* '@&@!V,>M( I@+2 !3 *0"T % "B@ H 6@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H :WW3VXZT 5(95P/WS_0D'^E
$(9__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>conformednewexitdatea_image5.jpg
<TEXT>
begin 644 conformednewexitdatea_image5.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M@!: "@ H * "@ H 2@!: "@ H * "@ H 2@!: $H 6@ H * "@ H * "@ H
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@".(L5._@[F_+)Q^E $E !0 4 % !0 4 % !0 4 % !0 4 %
M "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 E !0 M !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4
M% !0 4 % !0 4 % !0 E "T % !0 4 )0 M !0 E !0 8H 6@ H * $H ,#T
MH%8"JGJ ?PHN%D-\N/\ N+^5.[%RKL)Y,7_/)/\ OD4^9]PY8]A/L\'_ #QC
M_P"^11SR[CL@^S0?\\(_^^!3YY=PLA/LMO\ \^\7_? HYY=QV$^QVO\ S[0_
M]\"ES/N GV*T_P"?6'_OV*5V AL+0_\ +K#_ -\"BXK&2M242K0!,E %A* )
MTH DIB"@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@!J[L?-@G/8?E0 Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * .474[/O.HJ;E6+D%Q%*,QN&'M3$6XZ +*4 3)0!(*8@H 6@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * /(* .LT')ME^E#&=!&*0%A* )T^M
M#Z8A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * /'A[4 =AH'_
M ![K]*&,Z!!2 G6@"9: 'TQ"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 >/#J* .RT#F!?H*&-&_'2 G6@"9: '4Q"T % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 >/#J"* .R\/Y\A<^@H8SH(Q2 G04 3+0(
M6F M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % 'FY\.W(_Y:+5
M>[W%J=#H]L]O&%<@D#M4L:-I!2&3(* )13$+0 M !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 <KY-VW1THLA_(O644D8'F,#]*6@&B@H F44
M24Q"T % !0 4 % !0 4 % !0 4 % !0 G:@"A<ZSI]HVV:Z0-Z#YC^E1SI[:
ME<K6Y67Q1I9/^N<#U*&DIO\ E?X?YA9=RS#K>FSG$=Y'GMN.W^=-R2W#E9>!
MSWJD2.I@% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 9]Z  4 +0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M>VU['YEM,LB]]IZ?4=J:DGH2U8LU0@H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@!#2N 4P&O(D:[G<*/4G%3*2CNQI7V&BXA(X
MF0X_VA4^UAW0^62Z$E:$BT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 8:4AEB*@"TE $ZB@!U,0
MM !0 4 % !0 4 % !0 4 % !0 E 'E]Z6>[E9R22Q)/O1L!T?@Q+4^<S%6N
M1@,.0,=OU_2CFMH%KZG6]J .=\4Z4L]L+N",^>A 8(.6!_K5:R5B=(ZG,C1M
M0*;Q:38_W#1R.W_!!2OJCT"P,C:?;F8$2F)2^>N<<U.Q1+)(D2%Y'5%'4DX
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MB/4J0Q: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * ,-*0RS%0!:2@"9>E #J8A: "@ H * "@ H
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M "@#S34CG4KC'_/5C^M '3>"5Q8W![F0?RI@=-2 Y7QFF#;28X(9?R__ %T
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MN4FUH>A:5?+J.G17(P&8891V8=:$(NTP"@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H \@C_UBX]10!Z'HO_'L,TAFNE $@IB"@!:
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M=!,X8*\;[LX9>00>]*W1C3-E?%&J+%Y>Z,MV<IS4<OF.Z[&=.EY=(UY,'DY
M,I]:T4;+0GFN["Z9(8M6MI7S@2J23]:E[#/0-5XTJZSP/*;/Y4T!YNR'=GTX
MH ]$T/\ Y EI_P!<Q20&A3 \MF4F3H: .S\'+C1Y.O\ KCU^@H /%T9;2T<
MG:_\P:!'$1L\4BLAPP.01US0,Z+3M?U"YU:UCGF B+A2JJ!G/'-2HVZW_KR'
M<[2J$% "4 >97P)O)>?XS_.@#I_!0Q!=_P"\O\C0!T] !0 4 % 'F6H#_3I^
M<'>W\Z .J\%#&F3<?\M?Z"@#HZ ,_6]/_M'3GA7'F#YD)]?_ *_(IH#SJ2-D
M=E8%64X((P0:5A&QIOB:]L8%@=%GC3[NXD,!Z9]*EIV]UE774;J7B.[U!!$%
M$$1ZJIR6^IH46]PNNAFP0375PL$*%Y&. !_GBK2N2>C:=9I86$5NN,J/F;U;
MN:0SB_%1/]N3>X7I]*2!F7;3RVUPD\#%7C.013M<+V.GA\98@_?VC&4#JCC:
MW^'ZU'O:%:&!JNJW&JW'F385!PD8Z*/\:I*VK$WV+'AJP-[JL1QF*$AW../8
M?G5(GR.O\0V37NDR+&FZ6/YT'<XZC\LT@9YV3M.5X[@]*!HZ_3/%L)@6/4%=
M9%X\Q5R&]R.U1[RV5RK+T,WQ!X@_M$)#:;TA4[BQX+&BW-\2&GR_"5M+O=6F
MOH;:UO)MS'HS;@H[Y!["J4%T)YF=OJ>5TFY[GRCS^%*6W]=Q'FC9WFJ ]%\.
M_P#(!M/]S^IH TZ .<\9H6TZ!AG EY_(U+^)".,AD\J>.3&=C _D:H:.YA\4
MV4]S#!%',6E95R5  SZ\U-Y=BK+N0^,QG3X>,_.?Y4^I)R%@!]OMP?\ GHO\
MZ8'IES"+BUE@8X$BE<^F10!YC<Q&&=XW4AD8JWKD4".E\.>(K>"U%I>OY83[
MDG4$>AJ6^4I*^QI:KXCL[6T<6LZS7##"!#N /J3TI*7-L.UM3FH?$NK0C!N1
M(!_?0']>M')9:-_UZW#F78ZN.[U%_#OVLPQB[,>\)@XQ]/7%7ROX;D_(Y.3Q
M'JTJ$?:]H_V4 -2XI[L?-V1TVA:Y;W=E''<7"I<HN'#G&['?WH;4=Q\K>Q/J
M<VD26[->26[C'&&!;\*%56R=R73UNU8\^9LG../2J$=WX3B:+15+#'F2%A].
MG]*!FY0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M 'D$7^M3_>% 'HNC?\>HI#-5* )*8@H 6@ H * "@ H * "@ H * "@ H *
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M);K_ )XI/R*5UN7J0Q#TH S-3T.SU([Y%*3 8$B=?Q]::ET8FNQA2^$;D/\
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@!* %H * $H * "@!: $H 6@!* %H 2@!: "@!*
M"@!: "@ H * $H 6@ H * "@!* "@!: "@ H 2@!: $H 6@#S[Q(/^)W<_7^
M@H&S2\$C]_<G_9'\Z.@NIUU !0 4 +0 E !0 4 &!0 4 % !0 M "4 % !0
MM !0 4 )@>E !0 4 % !0 8H * "@ H * "@!: "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@#EC+;=MGY4<S'RHV;$@Q?+TI 75H =
M3$+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +
M0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0!DQBD,N1B@"PO2@0M,!: "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H R8Z0RY%VH L+TH 6F(6@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * ,J/K2&7(^U $XIB%H 6@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * .=M]3LY#A9TSZ9J;E6
M->!@Z@@@BF(LCI3$+0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4
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MIE!S^1J6VN@TD^IJ66HVM^I:UG63'4#@C\#0I7=A-6+=6(* "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H \CA),\?/\0IH#TK2EQ:)2 T!0 M "T %
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M\CM?^/N/;P=U 'INF[OLB;NN*0R\*8@H 6@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M=<?D?\^U,#)\%S,MU/;YRK('^A!Q_6I#H=?3 * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@#RBP"B_C)/&:8'IECC[,F/2I&6J8A: "@ H * "@ H *
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M3'I4C+-,0M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % ' 1^'9HI5<S)\IST
MJO=%J=M9(4M44G)%246*!"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % '.I!?.ZYC0+W^:G;S'<W8%*Q*&ZXJ1$E,!:
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MJ>])NXTB9E#*589!&"*0RG:Z18V<XFM[<)(!C=N)X_$TW)L"]2 * $H R?\
MA&]*QS;D_P#;1O\ &G<FWF!\-:5C_CW;_OXW^-%PL^X+X<TI6W?9RWH&D8C^
M=/FL"374TH88H$"0QK&H[*,4FV]QI);$E(8M !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 48J0RVGW:!#J8"T % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 E "T % "4 % !0 M !0 4 % !0 E "T )0 4 +0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % %&&D,MITIB'4 +0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0!1BI#+2=*!#Z8"T % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!0B-(9:C- B2F M !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % '#VGBIFD2-K<#<<9#5
M-F5H=?:R>9&KXQFF(L4Q"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * /(K1<SQKCJ: .IC21E
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MY/!II*XKVU&C5KS".)WZD$ TN6P[^0X:M<^5DW;!NP]>:7+;8$WY$\NK7 9
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MU1"<;@3D4FI(/=9?U'5IK,1,(D*R#C)/%4T^@E;J9K>*IP^T6BGCU-3:7?\
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M]Z+ 2M#*<*C$DC!S]:5@%,1B.T*6 [$T_0!6C<,67(7&,'M18!""'7Y !]:
M1)'&GDRMC&>?7 I7"PD8CCWL07!&%R>AINX:"IM<2," I. ,T 2(!GCM2&2V
M[Q8E6X4F0#Y,>OO0PL(/+"@,N&[GUH=Q:#O,$1)$Z[7X(:D[#U(IHM\(<$ !
ML#L*$Q$2K&8-SG!/KTIW B,L:QKA1G/4>E $GF#YLD$8X#4[V 88W,0*]>^3
M2"S'?*J?[6,8% "!5*G.03P*8#=B]AR* -;PN,:L^>,+TQ42Z7!'9U0!0 4
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MX H$2-&7?=T(%%PL&R-VVEN1VH3"P[R4QMW?/Z8HN%B-[?R^!GK3$1&-LLQ
M//% #47YF],4@)H<$@9R>E S2AM P/S8P!DFBXBO-&0Y RP'3/%-V0RN\8VX
M(YQZT R(H"1M&10(5$"Y(X&: 'N3M&#T-(9'RXZ87TH$*%SN"<'K3 ;&F"=I
MZ'K2 E?E?0TP&-@%L'&.*0%>3A^#0 @!V?K@T"'%08U/1NE,8\95^"6;'>D
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MK0,?&V'P./I1T NVLX$B;BS#!'3K1JMAW-&SDV2,NWY6&.>U)Z.["Y)T!P<
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MCO(C(%:(Y'7'I]:+7$-MXC)& YV[>K XI^H>A.#)%'M\TD=.?2EL/4>HAE=
MZLKL?E;'%#N@L,D3;(RD?,#\NWIBFM1;#=S %!C\>U+J!&V9%*D  B@" P,.
M<#/M18"\J,"H+#=MZ =:;N/9%:YN=H55+J1U;'4U(7* \R5MI8L30D*YLV%I
M]FA=ID!+'CC.,4[] 1<MDCED/(!P<\XI7';30CAB<2GG+ ]&]:&&II6@9(<D
M*6)]:7D"*MXL@9U";-V#Q5/S#T*]PZF1=V2$_AQTI6L&Y);I;&5"\A$F22O-
M"=@+<-V=\C1P;T= N3U'O1;4"67<(PN\9[%:+=A6L(JF$-+,X&3T-#0]610W
M(CO<A\A^"J]J0[%M8E6[<##'KN/<4[WV$%PB^8&5\*3DBAL#-:-6BF5D#!3D
M,#UH]!$,2(EI*1+M9SPH- ]1C%[F*-&QNSM&/2BX#Y4:!&>,<KP"1Q2W#0@%
MT0?WNT\9^48IZA\ADEP6D)4;$?C HL UD7>&&-W<]:&+8<\CNNQI"WU-&@WJ
M1'*G'4$<TQ JL!D&@ .<K@\F@!R +\W7'7-(9I>&B3K!^G>DP.SIB"@ H Y@
M1@Y+4KE#EP%P,47&(22,XS]*=Q#5RH+$D+3N PDEU"< ]_6GS("Q$K0D99B>
MQ6ES)@7K5I#*S@NQ/&:'Z"+<MNI7>Y)QU&.M)",XP0F17AMY!OZC-._4/F0K
M#);R,K.I3&1W(/I2:U'ZDT.3&SJ Q4\_+U&*5K@RS81!G\UEYQU(I+L!HFJ$
M,8X4D#.!0!CW5S/)<&/A8\$$4FBKI:$,D+>1LW8=2<8/:FFF"NA2H)&]\9&
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M16G9OF.\'/Z4-];!9]PGM)#>[DEB"N?[W&,\9HTMJQ*ZZ$9N!9.IAVM.CGS
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MB1JQ/ YR>E%K;,+]Q;J)8;>W9#G<H!QZ^U4M4+5#))0J[<H0O'UH8"Q2*X
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MD31X.W&/:EL U5R<C.<4P)=H"K@?A0,NV;,%&R/M^!I,2L;VFW3O+Y3G@+D
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M=1H!<DS:H[1KNY&<]J?H(BDD,V59 6 X/:GJ,1HU:3(7("=A2NQ%*6)O.63
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M W97/2E<278M321. Q+!QUQP#[T)=&!&$V-D-UZ\_E3Z 2D 2#/R,0,$=Z3
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M2-CL&TOR11<$3(<;.0 1W.* (@HNC\P(P2!D\9I@.V?N@^[# XQ2N W:$7<
M3@]128#"5D=UCXV\4!:Q;@VRQ( 0<-M)S0!)J-NL<!F).X#IGBGT R;@QF%2
MX=6SU'?ZT7T#YA@VERJC!A*\$CI2Z:!?H+#D,Y!&XG\#1U @N4S Z%!NZ\=:
MKJ(R@2?E=3@"@!&;:^23TP* 'N_RY/)'M0,:-HC&Y"<G/2C41I^%03K+%@!\
MAP*3!;':4 +0 4 >9VNEWD%RDCP,BKU)JFO,29KF^D7Y<A1].M9V-+EB"Z8
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MR?*!NY[&F F,NKYV(@X4\8H BA9C<2,J%E/1L\4 7%)*C<N#0(4C/-  % Z
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MQV-(=^@C[, ]/H>E#$- 61<JQSG')QF@8LA&W&,$=>:8B+(P<G ' Q[T@ *
M,$Y)'-" ",D[1GBF GSE-VS@>M 7$W8QQSB@!>HSG!'I0 +N7:.N.<T .P2.
M<$YYS0!#<*@7&[!'(Q1="(EYD89SGI@8I *"Q4JQQ@=/6@"[;RD #T&<'F@:
M+"J'0MG:2?3%'74!H 4 -C!XSBCT'8M6>U,AERV-PP>E#NGH(T[.-[N98<E8
MD7+9YW&IM;<;>A+/IB)<*8Y#]",DFKND)-HBGM6MTWGJ>N[GB@:([K3F"QW"
M)D'!QCI0G>(NI!'<(A*.&+,<GZTMF.R,RX93+N1<'/3K3O<1>M9,(AP"3D-C
MM4M:#-.*^EMMBDAE[BGTT0;[FK&RRDY=2/0&@3%GN8X "^<'N*72XK&;J<]F
MG+QD2;=P8'%.Y27F4ENVAC*Q2,N_J!VHT>@ ][=7 $;'))//2AJVX[VV*LLU
MRSK&[MD =#G'M225@NR)T(!<[>O3I5+1"L)@#=@?*<X]J$(KDL;@/N( &<8H
M0#KN>9SYN  Q  QUHWZC!U*QD9* L#G/2C;<5Q%CA6)2&+2'J,4730#7A^9F
M*D<?WL8H ?&N"#O R/F/I0VD@("S&5T7:RG[I[T6ZA=%NQMXXR7E9,8SAA3O
M8+7%=U\V/=%\F<X'4BD[AI8AE=3<R>7"%+\+G^$4]05AHBB\^-PV%7''OW%2
M*V@2+&]Z^Q_+7^$@56P[=B>SEE,W+G)/([8]J5K#\C8DMH[R(O!A2N?,!)Q0
MGT$]#.25!$D;XE0-U]*6VP;[EJYM46<213AXR,8 P!3T!;F?-&A7>9#(W<^W
M:A>2#4EM3&(Y8U7EP=I!H!(C@O[BW$D;D,K' )XQBE;L.]]R&^51$IAY!).[
M-5>Y.Q#:6L0C,L[;"AY/<Y]*+I.P[=2,0-)<(&+")NF1@XH\Q D4*1.RQY8G
M 8GBCT#0EW_)&,]*!BB-L9STH AD#*/E'.:-Q#@#V&,_K0%QC99AVHL,LP1
MG<>3Z4= L:MNN(][IG/ &.U0(J EYF<'8H. #ZU7J,<YCD!! 8@X''Z4U< C
MC*8?;R>I;M2L!<T]O(E/[PC<O ]:EO4+,6\0W(?<%(#;MQZYJKB&6R2R6NV4
MD,K8SZ^E*UAW8^2$K@,^&7ICVIOL!78_*48D!QUZT68[B2LC1#YPP4!?I1>V
M@K%8!4D'F@J>@'K0!/( B;&QN8_IBEL ^*(H2,GY>@IH";S1(/,R01U%+J,<
M@^T;,RD*."/ZT+3<6I*BA>0W"Y/'>BZN&I J%"Q9MP.6&./PHTL%PN-J*KE5
M()[T.]@6YFW*QN6DB888GY?2FM@*R)@]R<]C0!?LYO*D"MDHQY]J5A^1)O"3
MF1\E-V![4=!>I8V;V=R%*NO0DT 54D_>^6,!!SAJ &W& ^5  QSB@-AEN4:.
M1Y78.!Q[4;;C*=[&1*-C @\Y]:JQ) F5Y8#/.,4@'0Y.,G))H 5\YV8& >30
M!J^%^=9)P<",_P Z3 [&@!: "@#@KF1L<D8]J5BF4F0ELYJB2:V<I(.O7UI,
M:.ALW+0O\WS8XS4WU&5K]I$ "C (R3BA*X'.S K(6!QGBJ)(Q)MP0<Y].] #
M_/9,\DJ..: #S,J&^89/:@!A?*@=NOK0!&I4$#)P>U "'&1_$1UQWH ,[5R#
MB@!3'A005QCK0 K$%2,XS[T *N2%3 )[T /BCS/MR1QG.*!V.ET*W5Y=TC'8
MG7ZU+"[.@OW5+?&>20!SS57!7,6],DS"" %5P<J#UYI>3*Z%7^S(KB\EC21@
M4487U-.ZZDLOO926\:HJ[47@\9S^-.P$3(XCVLID4-G%3Z#)(P@3;R^<$9HV
M5P()@S2.25POOG)IKN!4;<=S,H//(':D&Y4F#[A@<'],4[("-6P<9.#1:VH%
MB(!QO;DYQSUIWZ"W+*$A=C ;&'%+5:E#3,84$<;\%N<]J3]0'JR-AG"G/!QQ
M_GBGNA%B2<B/9$"D3 @#WHMHG8-MBC=W4K7$<BL-R@<CZ4DM+#V*<UR)%W@!
M9LXX&!BGY"OU+=G>21J ZA^< =#2MJ&^Y(IEN+BY0OL,F,*>]-VO=A=EC3IF
MMM1,,^48@ %1D@BI<;; CH$OH=X4R*1TW>]/833(;J=A<)! ?,,F6(ZX ]/Q
MH8>I62$J3N!^89SUH?<+EN%UBA!8 )@D'-/H!2N)C*VXL<<8P<4KC+5E'+Y\
M@))CR#G^\<4==!7+/ELT+C 5R<@COZ&@![R-' &9<M@9 ]::0!'(LB*QX(/3
MWH06(;B^2U7?,0J]>M+8:5]B"PU5;V3'RJ"<+SR:+@UV-( C.3GFF25KJ\AM
MV"39PW4^E&PTKE&?4UE\J*U8HA.&;&-HI:VO8>WF1L6>Z*$EY5&TDC!.:K3H
M!/:Z7!:W"D(6;J''&*;>A).;("X,\8&XYSN'-*X6,_6[(+$TOXDGUJKZ CEW
MB*G>A./6IW'L0B?;N+_,>H I /\ M"$XQ@?3K1J!(F0J[L8/- #2=^2"%P<<
MB@/0=DB/CIC\Z&!&CY8<D@CL* '(K9.#@=Z+!J*PP>3P13 &7D 8]1FEN*XF
M'V=@,T#$1=J9(R:?D C ,I!4<]_04:B&E0I4CUQQ0 UPBLS$DD^W:D L;HIX
M;GVH L*ZJ6STH*'/)@ CMZT6$:FFQM.I,<;2!AS1:VP,TU0Q,H\MHG7DMDTF
MAI]F6X[CSTV"8J^"3QT'J:+J^H6L,N+<W!BA%QDJ=S>]&C#5(?>7:PIY*J'V
M\'<.*;T"W<P+DQR$$N-S_>8<XHOW"QE3J!*=KEL]3ZT].@G<=!=>4X4_=SSS
M0-,Z?3T2:!<@,IX)SR!47$S0BLXHRK1$@ 9 '<^]4(0M C&&1"J,-V6Z9^II
M;(+7*E[/9M&9-N\,N%;MGM^-"=AJ)@Q'S)2SL$"=3UQ5-L;'%BSDHQVK]WVH
M>H7:'*NW:,9!.2#2?D TA71=JY).0:+BT$A!<G?E<#)PO -4EY#*\J^5@+^\
M4\-M[C-*VN@MMQF%4 @\;S@$]*?H%F6S &5-\B;B,D%JE-!9VV*T$#RRX#!5
M7 Y%5L*_1"W VRF%I%+;NW;VHTZ#U(GC6>1BK\YQZ#WI770"Q;1F(C<F\L %
MQTI7ML/4@OS++>,D:F.-3DKG.#CD"G83NM"66:X^TXD*MPHP..:5O,=^Y,TD
M4X)FS',!MX&11'30+7U(X3;B%HYG()8E2/7'%5?4")8F/ERSG;&S%00>32ZV
M%NQPDBMG5K=O-Y/WN,4/79#M;<NZ?,#/N>;RW?DJHR#Q2>FX.Y:N-.P2]L0\
M)Y!#=!WIJ2DKBNUH4P58.V\HI! .>":6EKCU"+R!%YSW(&,G8><_A1== Y6]
M>A&\]M- \B,%*#Y5Z;LT[@HF5-<O.A5HU"KV'?FC7J(OQ(R1*K E>V:=M06P
M7$(./+4^F: \B ^8T>X.21\H/I2L@N0ERB[63Y3TQ3UN*Y(A!&[OZ&@"<7"G
M ( 'UZU(] )16/4_ABG\@L2;4V' ))Z>U-L"%H&<\+^G6BXB=$6.,)M^]SG.
M:7S'H3QM^YV;L-FCJ,1DV "/!)]!3?9!8D$+Q*SXP0.#0T(1P?.5I"6VJ,X_
MG20W<;%L5V[N>/I0(N0@F$@\,,Y'][\*2&UU$EF>-HA]U5'.,?,*.@$MQ(AC
M27@[@2,]J:=Q6,UY"[HSYSTQVHN UY0KE%!(XW;AWHU&*@.X"1PX/(SVI72$
M*6/ED[02'R3G)Q1=V GBN.VUG#'(SUHU![C?FWR9<)NZY-#\PL2OYBR;4& !
MWZT;@B58D9@0221SZ4= N[DDGR(V, @<#%%Q%:Y9'B19,C'IVHV&9T<0!$AR
M1G&*;=@(B A9@-I[4 :>EQ>9#N;&#Z#N* 9'+'MYQGYOFH F9GD:,+@;>34[
M 4I!BY)Y//0'M5*P"37"%/+4$Y&,CM2]!E=W(B8@G/0X[TQ;$)>262(9+%?Y
M4 .,;O(1@D#M0(9&2N3]W!P*!DKA<)AP3U)H"QJ>%?\ D*RY;_EGT_&I>XCK
MZ8!0 4 >=LV>M PWDD "@",G:?>F!:MKEU(PY!J7$=Q]U<S2<9R ._%)) V9
MLNZ7Y1@&K)(7B<$-D@CTI )L)3DG&>: ) H5".2?7- $;8& "21VH 8Q);H/
MRH =']\D8SB@!< D*XP* &-P&&>G;/% "@!ACGGF@"2W7YCOR0.E %B-@9^
M/E ('K0&AT=I<DQ.4 3^+ [T;[E)=BTTIDB=R#A3EOK4Z]0%FB,+1RJ0) FX
M''3VHM</,H6%E-=7;RR2XV+EB.#G_P#53:3"YKE%=C'%<%CU8-TJ=-AZE;8P
MDV2?<4D(13M9BWV0QT4)\P('<@=*K;8"%T5%Q&3CW_E0@L5Y4+#[F,=\T_)L
M;*$R,&R,#KU-+YB(AGN.:!#X92C9)Y%)C1;61"N02QV^M.]V Q\>5PI! XYH
M=P5B(R/"(SN^M%DD%RZ'2:W(4[03GKGC%+34+%.6!]Y&,*O(Q_C562U ISQJ
MD0+E<YZ9YH8B6T:,)N9L'C;0!=\LS7+*BL,[3UY S2OW"]MAR _;9>2[*I X
MYHL,6ZOUMHWMH44X4_-U(SUI>:"R6MBOI6HW5M.Q!#\<F0\#Z&DX=4-/NC6D
MU[S(S$8 C]/;FGJM&%HE:YU.5VV.@P1C@\4K-!=%:&X:>94SWX[@46LM ;-^
M.8V]L9OF:1SP/8"BQ/J6([Q3&A0%I7_AIH=NI7NFN7;R9"BY'0#KSWIZ] 31
M7F26V41(7"D=,]:&EN"97%C<7,(+LIC/3=R135A-MZ$ND67DWP96!"J>&'/U
MI.SU#U-B[D40,K.48CMUHND"3Z'.W\J+(=N9"R[/O?K0FNA6O40W4KP!'C 5
M%&W'4 4DM!:&IIL:2@$9W$;B"<;3VQ1U!FGYF"!C))Q3$29P/2@1DZM'/<Q,
MD2D*!N)/%4D@YDCF)83"Q7@Y'.*3&4VB.WJ*!#1 Q;YAGV-%@ J4'RL6YZ>E
M(8HP8R<C)ZT["'*59, \*!TH&1H2TN0<X&,$4K")F.TX8\GI3&122!^%XXI
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M!]:?2XNHEL,N?EX(XH&([M&Q*8XX^E+<-C3\&Y^W71;.2@Y_&BPCKZ "@ H
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MXN3[4VK,8RWX8< -GKFI EO59X@64CW-" SY%(CP6P>W-,1"$/&#G'I3$/9
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MVZ4 (6S@=,4 +NS_ !<XH 0="/RYH .0:8#B!\IP!QVI 2QY V@X.?6@"S#
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M@13R%'T]:6VEQHSYD4@AAGUYIB918(&Z8&..<T"(QU'RYH D4CRQS@YXQVH
M=C>.../2@">',8V,00>W6BPS1M;:'Y0&PY/4]@:3?05C7CMY+81M:2%N@95'
MS 4?$A[;C)Y/M.H0N8&:./CYN,T:V'H;ENFZU.%"[AU)R#0A&?,X%PY2<_(.
M /6D[:#U17=S$D1:0E@1C'3\J%HAD4\XE7>5!8Y((Q5)O:Y-K%%[B0J%88QR
M-O&*5M=QW)EEWJN'51@CIDT] L.9E&P8(QW(QQ1;K8+6&NZH^Y&Y7/44TGV
M9%$7;+': .M&VXM269-K,(E)RI/6ACV(2=ZK\I&T>O6F&@X*K@9!&T_=SGBI
MO;<18B\NW629U5@J_=![]J'Y#2,XL,%B,<G('2F[@*I\R3*],>G%"N!I6L8C
M&&7<P/(H7J(>TF &7A@.,#I2[CV*LB3$$B7 /. <<T6TU#7H$J$Q*KL#QTS1
MIT"URK&768J6'(YHM8-2TRJ" /F/?-/T%8AE!#8ZA3U]:5KCZ#E@YY7[W0>M
M.]M!%<EWN&&<8XP.*+#N38\Q "X#8QC-%@L)Y>U2<9*],^M 7%E^<JP0 GC
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M'/;-&P"PS>4K+Q@G[OKQ4AZEAIF2!03ELXZ=*>VA14G3?$HSC'/(H^0A%,8
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MR30&A7F\L3+L&"O0&D!-$6R-S<GIBE88J,%E5!G@'-,"M+$Q#J0 0,TT(IJ
MF-O)SFD(Z_PQ&%2XE4827:RX_&D%C>I@% !0!YPH ;CI0P!S_=H ;QDCJ<<4
M 1R1XC^8D>O- $=N1AN>_%,"7=E?E)'/% $97+#;V/2D C YR <>XQ0 A;:5
M8J#GUH D'&T^_44P&<&0D9(SVI "X7!'UH 1R21U]<4 /4 ,&SG/M3V E0]
MO [<4@1;MX=ZE0.O.:&[ ;5K;PQX!8%@.0?YTN9)CLR+4+^,(\,:J"G((/7V
MIMW*4;:F/+(TKAFYXQCVI)";N( 1G (4=Q5:;B%10)."3^-(>Q)*P15*C)R"
M#FEN&PZ(9+O(#*[<C!QFGHE9"]0=T$:J%92.2">*&,17:215S\B_,,]3[4K!
MY%VW1)CY;_*#R#FG=BL^Q%?6J2/(FX-(IP6SUIL&F]2J(;KSU&W&Q<@@=J5O
M,&TC3@B.P2859VCW DX!QVI.^S!+JBT-4CL9#YN5R!N!.:+-;CL9%YK3L'6$
M!!NSN]:8)I(RS.99=S/@L",46$RU;:A-:JR!0RGJ"*!W742WD2.*0NC+OXX-
M/8$,=HXP5W[E<\9XQ0+8=&#+!N!^8''TI!8N:3?"UG:.0[4DX.1GFIE=:H=E
ML='=>7::>&$Q (& /XC5*VX*]S,^W"1518LR;@I)Z^]"NUJ&G<M))+]TD>6$
MXYI"'PW<:0>6(51PA^8\8S2N^H)+="."L<>UE#$;B13W6HT+)"]PJSB9WD&5
M*A>!330FW\BM<67D,K3L60@$$TU<:;>A%=7_ )RH@0+&AW =JEZCLK6+L%XT
MMBYR X4C@=!_G%"O>PK6>A&^HAP&R$9DV,%':C6R3'8(8R=K[-RKT-%[DLTP
MJP6;+;L"5.X^OZ4;BV)K5Y&C_>C#9S0KVU&[$CQ*YR1VP1BF(AEME*%8QAN_
M/)HV'<CC:?/S$&+[O Y'O2MV G7#@.4*A>F>M.PA!<KM=V5T"]=U+5:6'Z&;
MJ-W,;3Y67#'DCKBJL/8P9P?MX.00>^>#2OI<+F@A960 $ #[N*;U$)<L O)(
M&,\4KZC(@@=08E18^^2>:6ZN%NQ,D:!)&^\V<#G@"J6FP-%*1 C/E!DG'!H;
M=Q;"^2&4.8P "<<\XI+U'N5[A1(FV(L8P<\FA)#U*4T04 -C..]!)"RE5Y7C
M% @# $[L# SB@9#NW$D 8/% A0^U0H].N.: )H(F!((!!SUHL KLBGH: (7&
M07Y&#UH $4.0,=!Z=: 'V\43Y8?*>P/:@!Y.Q^/O?I0 ]V!?!^AH A+A5.1T
M[>E ")* 2%SCW[4 ,).SS-^,DC&* +,<.]1M&,#C</UI@206_E'I\V.#2&A_
MWF )RQH'80($/ QSWZT"$=OD]#^=/4"/D]^@ZT@(Y#E=JN/4XH ;'QSZ>E A
M0P V'@]!0 I/ !8# /44 6;2X81LN 1C'THU&:2E&M@=P<8['FG?H,<L0$9V
M*0.Y]J:8;%CF7C QMSD5/J&A!$LB@A6( Y'%.RO<+DR!E7#-DL<_2E;H!-$&
MQD\ \D#D4;.XM29F&\A%W 9SDXQ1Y .V+M^;=&Y^Z3GFETU#T(Y]T3C[CYQD
MD]::\@L4C<^8^V*,A0<''>C6X[+H30P%D97?RR0<>]&VX:DNYXX"!\P"BA A
M(2(Y%8 L#U/>C46@[ V\*,^F::UW ;$PE)X"X'.32ZZ@-5<,1QQTHND!'/<(
MJ-L4R*.HQ19[H=K$7VAY%R/W>[J3_*BP(K'8TXVAB!WZTWH#]22.,NR@+DYY
M)H$].HZ6R"*QW?=P<<C-/<-2HZDX7&"3WJ;#'/MB<!AR.O:JU D(4N2 54CU
MI6OT$(YPH4@@D]10 UAM<X/('![4#%.[R\*V>>] $97@@#D^W:BUF(-I3[O/
M.<XS0 YCEQN7! &31J,D6(AQ[GG/:D(EC&UMKKD<=*I[Z 3>2FX  $-RWO2
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MHVG)V\TQ$!4O*_.  #S0(<J'!'J>U, $8;ACZXQ0 ]3@?RH0Q/F/4<C//M0
M#@$]AU- #)58JI')QQCB@1?T^?$>.,CVZ4AHU=/<MO=F'';'>BUN@VB<Q2<2
M*<@=#[__ *J--M@N6%G<.I#XXP3C^=&NP!'<R)Y@1^G*[>1^5&[T KW=PT^-
MT(+ <G.#1Y 5L2W4A=V^3MS35ET"_8D$(\O;SD< 'M3;L&I/&@$/#E@.HI7
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M" #3L'D6'8"!5E?&T<'/<4AE;4(R;5),?*W.<TQ&EX2!%I.>Q<?RI =!0(*
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MH,<="/RI:"L1%0.<9(H & $:YYS[T@&\@;FZ&F *NULGTXH 0L#*!U7KZXI
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MRR8.,T!8J-P"Y( 7&!3&1 ;MV1AL],>]%F@'@1E/E&.".:&PL"JI9%(/.,4
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MVQ1KW"\>Q2FU.>9]SA<XQ35T+F(3=2LQ/'3'2GJ*XAN7/4 D=Z6H!]H?';-
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M47$--Q"",.,4[B$-PBC<&4\=.M, 6YC_ (G'L<T@&K<1DYW#CTIW 7[1"#U
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MY7Y<$'FF B(05+  4Q"A.FT9'6DABG<"6X!I: 1$AOGZ@=2* $8S2$,RA>W
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M;01@K)&FTGG*CBARE?1AR18R>-)IP8XXBJ\_=&,4W)]Q62+'V.%=WF)& ?\
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M1J10O]GEZXS2Y+A[05])U2,@-!,/3FG[-CYR(V&H!MOE2Y/O0Z;'S^8HTV^
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M\P!P*8'2>'-O]FDITW]/? J>HC7I@% !0!YYW#<T#$.3QG ^E "$@$8X/O0
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MW$@J1P>] #=O;T%("NS;5('7% !LSMVD >O0F@1*01&!DX]J8"%2#SR<'.:
M&JQ P![?A0!+C:, >XP>E#&/\UV1E#<>E%AW'13;9U=T#[>QXS2M<2)#-D2>
M2FQR>?F_&BP[VU&JUQ%$ S_ZS!YIVZH5QT[N)!&"K=-Q!X^M)68[]"66:-8!
M&@&\=3ZT"LD6E=H-.C@:V 9\D,>2W2G[R?D%H]"CJX2.&)1(&.#E1_#2NGH#
MN8[;F4 $XH$6+>U:7![ ]Q3 OQQ- 5P <FCT&K&K%!-+*4"YZ$DCK2#1(5H
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M10P&;5(R1G'<4 &>3C\: !@F[ )[XH0@!\N/ '?OS0,7:QX!H <HVG X'M0
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M@RD9/)QV[T[,-".ZBDAF#6LYC1UXH=F*[*,UY?6BLXG9EV\\=.:.4?-W,_\
MX2"Y#,?,<#'7-(?,NPPZ],3OW2%\8!)XQ2L',B,:S,K F67U/UI\J[!SDIUR
M>-2PF?:>![4-:;!S(5]>D?;OD=@!D<<TG$+HC7790C!G< \[AUI_(3DA[>()
M!G:9"K<'(Y-*V@[HC;6Y"H"LP&<X%.R%=#O[>N"I!D<@=!0HI:CNB]8Z]<@E
M8T60 =Q^=%FW="NCHM-O8[^S2>,8SP0>QH3[B:LRX:8A-HW ]Q0!#.4C(DD_
MA^Z,9-%] .=U/5X\R)$ZJ-W4+S2;OHT4DD9<E^ 2RW,K9&>:-%T"[[B?VLQC
M6,ROMSDX'6F%Q&U#DE7S@@\KR*'J%T/?5I)D\MIOD]UI6[A=$CZS,XC0S%!&
M,"E97U"Z'+K,WD$?:,,#QQ3LD.]R%]7F#[TNFY &0.E'*@NP_M:90-MV^1G(
MQ197"['KK4HA91.N"<'(H2%?R%&MS*NWSERO3(HL"L UJX;/[]>>>G6BP7 :
MO<&0J;H 8Z4K(=_(5-4N%_Y>^3R:=D+4636KE)>+M2",9%"2'?R0Q]6G9QF[
M!^E%D%Q/[2EV_P#'R QZ=*'9]0 :I<*C(9D8].>:/1B^1/;ZLZG=*JE?53S1
MZ#TOJ7%EL[QLY4M]W!X.:?-9V%R]44[_ $J6W)<+E2,X'I3)N9V#D*>/PICN
M7+6ZEAD,D38(J1G1P7,&HV^RX0(^1P3_ "H3MN2XWV,Z\L987;<?W8[X_*F%
MV0PO^XZD,IYI#&2LK@!>V>*0%7:K/\QPI'RJ#WIJP%>Y51:S\<8XI@0:$P6>
M4MC&WJ>U (NNQCN-Z$;CT[TM]AZHCDGD<MOQC/84:BN1KG.>.N10!*Q)17VX
M&: +%JB.@8.P.<'/:@+'3:+"(+-@'#;G+9!]<4"9HT % !0!YZ'X&#G^E(8T
M]<^U,1&3G(W<^XH 103C/2F!#>#$ ^M !8_<88YSVH G;N?Y4 ,P5SD <^E
M 3@Y([YZ4 -P!]#2 4Y. !@?2F JL>3@9!H 4@C /T- "$<9QGCTH 0'C'J*
M %;C^5 #>@'7FD $YY&13 9("<D9X&*0#E)\M<]J8#@V[=N' %" <J@D<<8H
M ;@[>>QX-( 4'"\ ]>E  @(;C ^E,!\1^8\\'CFD,&(#9Y]SFF L3X4E>G3Z
MT"+42;PP8X!]^M+38HMVTBI&RC:,_*/4?2A D,ECF@<S2N7ZD9/2G8+OJ127
M%U)(LLQ.Q>@/0TK:7N/FN)?73WCK!#" !U"CO1J2^6*L-L["3S(UE!C#-\Q/
M:F]$"OT-O352.XE5LR*@SNQV]:5FGH%KE*XB^:5@V[/X4]QF7.ZE<)Q@?>-(
M5K%;DC:3C.>],!Z'< ."/7KF@0\ =OTI#L..[:>3Z=*+>0",N5XR,T]0 *>0
M#VZ4N@ <@@%2/4]::U0#<Y+9Z#\J2 -JG[H/2F F#GG.?;K0 ['RC//% "[
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M 7;@YW=J &%6Y YQSZ46 <54 #=D@9H!D8 & 3V[4@$88W#)XZ4 +&G1>I-
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M3NP!F$>Y71L] ,=!5:[@0*-S<DY]Z-@'SH9'5 , =<'-'S#H7%CC1%5LL?\
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M?0"/<0#[#C%(!,G& .?44P)$VD$GY>*0"LF<8''ZTP$ 7N,<8Q0 ("3QQQ2
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M&@0#=R,D8Y'/2@8O)50"5(H$*%8;AGF@8K9(7=CIUI@- SD8_&@!T1(R&)
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MI6*78W&CBOH=R,.1^5-/6PFC$FB*.T;YV@TP00K\^1C&?XC2T0&U82FY1XW
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M!/.1C@_A0 YE 4+@9)J@*VHX!EVX.,#-)@9/3!I"$XH 3]* %/0'^E  .V:
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M 7*H.G![GI2 7@@'/;UI@+N VD8&: ), (/4=J &L_)QR?IF@81/DX/!_E0
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M-%^>5'3?&C#/W1CJ:-1V1GV3R7,;.8V# [:$FA-I[$5U%(KMN!52 1Z>]59
MG<K21O;["5&)!D<Y%#MN"'6]CF94R I!.6Z47T BCCQF,2 $9Z]*+V8]4+<V
MR(O[R3=(3Q@=J+K9.X<KZEGG:BP8^4!F.[]*2L&Q5,V=Q<L,'OTH:ZV'=,<J
MJV65R!U&::$(VY#POH!1ZL!QF,"*!E23G@YS2TZ#N6;>X:=2'C7/=L8XI"WV
M(I @R58KQQBBUPU1#9RJE^'G42;5.,C'.*:TV#<T-LH@W1JPQR2#Z^]%K@F7
M-.D82 ["%VX.3UI6UT%N6Y09D=HEP$'0#%-:AL9JW,UM*4C7>Y'&1]VAJVJ'
MIU*^V25VFN'RWH3GBG:VP7N3VMJ;NY122(QR<4GZ@V;L*PP 0I@8[9H)L34
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MC:(;F$)<2-NSDY''2@$%IB.]8LGRLIQQFGYAI8CUYB?#1/3)&0?K38F<OH^
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MM*S0I&<;4)( '3- #<<4 )@YH * %% "J">@H G4YB^]C'K0 [)*Y#C(Z#-
M"?O,X'%  Y/3'([^M,!X(5 <X#4@&D94,I!%  A 8M_Z%VI@*%(<^W8T /5O
MEP.,=J $!8 KCOG(H 4$D@$]?2@ P1A@<CN?2F X= ,Y'6D!VGA8@Z.N/[YI
M,#6+,) H4[2#EO2@!LH)V!3CYAGC- &1KBCSXCG' &<<CFCR&BUJ-N@TIU(#
M;%XS0(Y#54VLA7CY ,?A5,"DDA9=HZ],Y]Z0 ,@]/UH :H8\G//&<T@&LS#C
MKGN* &CD Y[<\4 ,4G>,#OS0 USM;@<<]:  -P0#C\*  <88@\4 .)R0=IQ0
M &3Y,8R#Z]J8 ')(4\@#BD _[@_3K0 &3YL@;0* '!\X[Y'ITH 13CC'/7-
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M38VM!!"-J;MQ'K57)V+,$*QQQJ4^95QG'YTM;6 GH 0HI921R.E "T +0 4
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MY ]?2@!0FZ/!Y Y 4T"!1P!T(Z9I#'JO ^;ENM,0H0"0@#@#J#0, ,8!S^-
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MGJ!'N+>_/.* '*N,E1P!WH D VKC(YI #$9SGHO<4#(]^\Y/>F(,C.,8 XH
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M)76@]"&?RVDXP$5 <'C-/3J*W8D:"2YM\1JH0 ]P-O>C1!\B?43,;1!(=P&
M .U);:#^13TUWBN/O[0AW*#T)I20+70FOIVEEE=Y0Y!P/2FK!:S+-OI_R(9
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MD3WKEI7=GRL> H]ZK38"C'#YDI6(!GSDMC[M'F@-ZQL8[2)1@&3NU!/6[+=
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MCCG'% $<F3D9Z]* &G<7SCD"D(A9F'(XR/6@8T8*X[X_*F \ (?E;.1@T
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M!Z]>E(!KJ">3D_SI@*H)_P!F@!"<]![XHU 4D9_KZ4 #=,]J (V(5CQC/%(
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MZT(1C1QD')';FF PX .%P>](9"0N>O- B-U(4D$?Y%%@&<@J#QCVHL U\9)
MSQQ0!&Q'!!Q^-(!5"@$MS^-,!PV@YZ_C2 4$#.!B@!,*6P#@>E #MH)7...@
M)I@&P$8!)I )T)'/UH <NW@ '/:F BCEN#@#\: '\8PI'% "2_=502* (3D\
M=,]J +%I'@!F&3GO0!<>%'9<CKSQ3 E$.V'>1A"<>YI7"Q5NP3.26.  ,4 5
M4QNQSD4@-[P_S>R8_N]:+ C2OUWR!'=3@YR*+#*UHDD[LF_=W&3TH2U S-7C
M(LI&;!^<<^E&@BKI6!:N=H)W=_I3Z#1JE=R)L!!I!L,G MP"DF]BO/\ LT]
MVW(8E49+8 S@T 3JA9<*#Q_%G&:-0+*0(\)!.<'BB_0#H-*&W380!C@_SJ1%
MRF 4 % 'G*'S(8WQ@,H)Q3#00 @D^IQQ1H N 2 !^- "<Y]A0!3O2"(QVYH
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MN,8[4T.Y!Y"P75NET</(K8)_K2;MJ+5D]K(;.;!4%6ZD^GM^=.2LK@AFK0J
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M'8=J '(>0>_TH 4D?Q<]N!0 C#J6';C- #D;<F ,#I0($!1EP >W% #)00.
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MN]?M(P<!5/X42T0^A/>0>6Q)9F _SBAJZ J1EKJ-H?FW?S^E-:,&59X60X.
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M@#IGKWH2!E]W\N%G;^$9XIB*EM=,_F"<87J,]Q2UN-EU<$#!XIB%'2@ H *
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MJ (O2@!RJ3G'89H ;CF@"W=!%"LJX+ 4P*AY[8I . XR/Y4 -X].: $QCUH
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M;=28,YZ9H$*%PV"<X[XZ4#$:--Q&1G\Z0>HTC=QC"]J '1LN2"#QWIH!Y89
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MSCDT*X%;:TLA!! [#TI^K$R"6+C(7C)Z4:"*Y )8$"F _!X[ B@!A)[9V^E
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M3SL\*L#@GCCK3$1/&-I(&" .O>J0%BS3$!=N 5*GCIBE;341@09%S(2>W7-
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M?Y3P: &L<>P([F@"-LL>G)]Z0#&V@$^M $888ROZ4 ,V@L03@#I2 #E>,\T
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M/5-[LXR0,XQUI]-PN21.8V81C.<9S_2A*X%V#)*+O"J>.G%+5B+US+FW)0@
M' ([T 0)J<4;NLJ%0.@ Z4^OD/0R[S48W'RH6/(SC&:6KV'IW*9G+1\)L;(R
M#WIVL*ZW1I:<-MFS.Q#;N#3T%NS5T]MQ9N,8'-3>[T!W,2Y4&^E3!W GI57:
MU'T*<B;7( R.V>] A^9/)8JN%#9!S1RW'<:UT^Y<'Y@>AH2L.Y'C+#&0#PQ
MH%L39<RKL<MLZ/TQ0T+9FA!+Y-U%.9"5<X<XJ>@[%^] -P5;YAU ]ZI,DI(Q
M74%)) [#'6D^Y0V\E(B<;B1V7--V0(S[-C%,A&/F.,4E9@7M78-!&0< '')]
MZ>EA(QQL++D\ANW?FDM!V-BXS]DD!P!L-(2-?1O^05;\Y^6D@9?JA!0 4 %
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M@ XYYI@)C QG.!0!&YXYI =GX8&-$BY).3U^M2!K'I3 CCC,:XW%AGC/8>E
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M3&-.U02<<#K2 Z[2B#I=N1G!0=:2$7*8!0 4 >=N"P)9N>GO0,:2%_GR:8A
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M';.)4) )Z'M0BC*NI?,F8K1?N!&D>V)RN!TS0(:X'E( #GO0AC2?FP,<CK2
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MS$;@ .:0$;$.V 02.XI"&XR01R?RH&,/+$]\=* $==J\D$]Z   8 !Z@<9H
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M2ZB9DA MV@/)#@=>*'H,U[I"UN00O .3UQ^-):B-31#G3(N2?KVI(&:%4(*
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ME<9% C>M%VVD*^B ?I0!-0 4 % 'G)&&(Y'J#3]0%&,\=:0#=N =I(SQGUH
M1EP< ]J *5[S,.O H F@4&W48SGMFF JGT..W'% #B0N >I[=* $!/)'/'YT
M@'* J]?P-,!6R>2:0#0.&[$\@B@! RE@._K3 5B>N1]: &@G"CH32 49W8.<
M$^GM3 =SSC&.N* $=]HYZ8XYH"XD?R1ER,[J )E. K#@<4 A\<FU>.>:3&7[
M:X54*^9C(S_]:CS0[,L/<D<QRD'I@5/J!#)=.<CS.!TJD!3DD.X<G %&@KV(
MBWOB@!C@#L>E,0;1US0,,D=N!0(!GJ,?A2 %&1[TP'C!!R<"@=AF5W <\T"
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M2&'[PD\';[T[!<>5(..?I0 ,C#Y?SH 54Q@^W6@ 5=QSCIZT .!XQP: )4Y
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M8!0 4 <+<9XR.M %;:<]/UH 38.V13 81\Y/.1Q0!2OAB=?9: +5NN8$QZ4
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M':I=RK(TDU*!R,\#KFFKB:'_ &V$X&[ )P#0%A#<+N9#*@&."#FANP[,<MY
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M[6"CVH 7.<@=* T';>*8>@V3&"!Z8Y]:2!H$<\>] $N[Y?E'3O2&/1CL8#!
M'>F!7FC(EW9P*+")XEZG&<#G-/89,8S]F<^U"]0*2*&4XSFEH(7R]BC.0*-
M%"J0"S=J/D.Q&0.A[GBBXAB1+M*G)'\J %6/:H^8DFC0!=I7^*@!A^=C@]*
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M[CGO+,OS;G'4#&*'*787*B%I[9CE87"D\#&>]&JZ#Y4/9K?!(C./0"G=L+)
M)+1@@V. ?O''?THN^P67<E"V.QBRX]#BDVPL/-K9L"8W((.#\V.*$PLR!]/A
M#,ZR*6W<-GI1="28ATPM*%CN.",_,:>ED.[)7TB?;A7P0.,&C05V1W>DW<EJ
ML9=9!'R.:$D%SF7CDCD9#P0<4V ;23[_ ,Z #:V1G&<=":5P$,3 9+9%.ZN&
MH[R<<E\#&<9Z4M!ZC52-0#NW,?SIW%8 Z@8 R3^E #B,8P *+@-P=H''6CY@
M*V5!.>] P5SDG=B@1HZ3=7"W$8$S8!QCL,U+BD.[.B,MSU5RQ)QP.#32%<H:
MB+RY0#:WR9XZ4TNX^9=# =I4R#],F@0SSY-PZ=*+ QXED#<_F*+#$\YNF,<4
M6 6*?:W8\<YH!%IG$L0*Q_=SD4UZAH56E5&PT>/:EJ+0DCEB+KO0 8Z ]:5Q
MV1-<BW,2-&>6]Z$PL5CLZ?R/>J"PTJ@SD'/UHN*P\+$!R"#G-)MA\S?T>*TN
M+8(TC"7G*[NU+FLVAV9HRZ?:2*,L5!X!#=:?,))C#I5F"27?Y>?O]*7,A^\+
M'IT$39BG=2PX^8<T[I] ]X9)I<,C;Q<,,'G!HND+WB&71H5Y^TMN//)Y(H;3
M0*X]-+)3(FSQQ1=,-41IHI#M^\('J*;#4#I,@48<=.N>GUI:!=C6TZ<;"N"!
MQQW]Z-@N/-E.G)B1L=#O_E1>P#3:731C<JC:<'!S^="]0NBN]O<1[]J %?E+
M* 0?>EU#0<\-VP4>6><=*:0:#C#,I*F$,0.1U-&H:")',JEA:=B"-M+4-"!C
M,KAFB8*P Z'GWIV'H2B02H&?(*G& *0:#'"2!0W0-E0.]" @EP[G$9 4<9[B
MGT#0:Q8[2250\9H ?<C$.T.6!'(H#5"*!':1\XQTS1U C03,Q,?RX/4<T@O8
MM)"03N!8'O0(78"P!P<#@>E,!/+P'(; /KVHNAV"( DJ2&8=\4"9*KQ1!3-"
MI]!2U"R'3>2K@_9E(QR%-.["R6XPQVK7"R-$ HZ@&BX6["EG=U?8"BKG"FA(
M?DRNUUB3S$S@GYH^A%+=:!L2C41+(L26R@ #[W4\4]>H60]!O#?NL*3S0KBT
M*'B[)M[7C YQZXI:AU*>C0++;IR.^?SIL.AML!' RHI+8P":0%4H(XML[]>>
M.M%QHK,Q ^\,!N_<4ADL4D>]<,>>3GD4PL(0KO@'DF@1UMN"+>,'&0H''TH$
M2T % !0!PZ,!)LQG-'49(R#H&!';':@9 5V(0%[XS1K<02.&! &"?:G<-#)U
M,?Z0.,?+0)EVV'F6T8X^48HL,OV2YRO0GH:3N!J7%EOMHW&XY'([TT".?NH?
M+FZ8[]* (%10>HH$(J[#TX'M0 PD*54'WXH "H08')SB@!I.6.>PZ^E $JX
MI 0S.I(!/'J* "(##,.W2F ^,8)- #F?)48.2>0: $DR"N,=>M #U; QT_E0
M,#C&"!S2$,+$'&<>XH >KC!)//7!IC+$;KU _&AZ@.E@,B+(J_+NZT>@=;$U
MJA/!.TDTF!=O+0IIADV\L<<9JELP1E*A0#Y%S[G&*7S%81X\LIXP:+H9"_#
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M5X(SC'%%_,0,NX@# !%*X$84*< CKWH] 'KC@L>>?I0 %QO5<Y)]!0 AE50
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M15F;9,X (;N .]%O(:(/N,,DY([GBGK;0!HD8.550689!_S^-+YCZ$!5B W
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M21W ]*-0'"%2.,\=>*$^XB-H\9 &*'9 0%>_&!0 R1]JGGMUQ2 BBPS<^QH
MDD.T<Y% #$8QS #:<#IVH <YVY(ZYSB@!$)+X;IF@1)\HY&">V:!@6 0G( I
M@-B!9NF !T'>D 2?,&3(4'O0(8T C8%7!/I1H.S+"3^1SAA]*!HMV)03F3:6
MX'?N:3 WM8G LHTS@;<MBA:+4:[F=$A%JI7&5Z#%"$O(S57S6Q;HP.,,>NXU
M6KT!M+8AG@*%5.0_<$8H$0*-H4@^W6D!(,J>!][I3$*"?XA^0I#$"D*.<\TP
M!NX!X_6@",DK@Y.,T@%QE0>WO0 H8[<D8'TH 8RM@X;CTQ0(9D@# (Q[T#'
ML#ACSF@!ZG)QDT .CDV$#)X/.:!W-6VGR@5C\HYQVZ4EY#^19##;E/X^U*S
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M B28KM C 7(Y]J0[6(75@@.>O-.PM2K<,<JJG-(#T*#/D1Y&#M''X4 24 %
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MN>#] >],1H*8TC\MN3TS4@*(U50[<@'I0!E^)&C*VQ0<X.30%ANGR$6488G
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M&V5V+T/0=J+=@L69!O*IOPH^4'L3BBP$;6[,,E >><]*JP7,F]M&1A@<$T=
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M>@(P*30Q5A!&XCZ4 "VY..M.PB9+0[=P7IW IV ?]E.!\N,&E88^.UG #(K
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MV79+Z6W*&UN6..J&BR8>I!+*]Q+O8+EQSVJNNXAT;%6  Z>E)]@LBU+&)>@
M;'7T%&V@%>1U!,; +VH?D.PTPK)$2#@@<\]:8MB)K1EP>1GIQ5"+=O8,W!&3
MZ>]3<!ESIUQ$7/E$@ X--:A<S@Q'&X5(Q"_J.AI@-8C'_P!:C4!C!><\<4 :
M5C;Q3VNX*RNIP>:+]V#([FUV*65@V.W3%&EB=2E@HP.XAL^G-#&M#1LYUN (
M)P >0K]P3ZTMMA[[$L#MIDX=3D'AAV(H?<$:4DD5P?,@<;>O':E?N!+&ZSP
M*,2#'3C(H  S)(,],YZT[@6XF5I6Z*&&3FE<"&21 [QD,I'RJ5&1B@"0S;(S
M&) P( 4@=?K0 /:>8W)(*C' ZTQ"&!5<;#@JN<'J?RH#S,>ZL]]\Y3_>/MZT
M FQJQJ8F?[6L./NA>YHT*7-T$6]G09E7.T$ Y^\:378-S2DEVQQR2XR5#$+V
M-)"L0R2132HL:G<!R>@JM0V*DTRI(REE# XQ2"Q);LTX8;3M4\D]J=A%J&-E
M3);:.<4D@)9F4E5==BKC&!SS0P0Y8(UB#E@5[]L?6G<82+N):%"5 &"*-Q7&
M,&A&&0$$<@\'UHV R)I?(B=-Q;+9&>U#'L+'$\@,LA7<PXXZ4TA%/S-MK-$R
M N6R&]*0]">SC=OFAB9MHY)Z"@#1>UC!S<7@4'^!.<>U&@:ER&6TA7;;0[S_
M 'B.OXT:BLNI@>+A*\MJK1@';PJTA+R+^AP1G28/-;HN0F[WJBC0)5$(1%^G
M6E=W%N,,HQE1@@YP.U+<8+/(2SY!)7!)[4"&DA5!?:3WYIC(R^ A&1_2D]@-
MZ@0M !0 4 <>]PO&]6!SU]*;OV*(TG\H@[A@^M)B)5O(R,J5! ^G2D^P[#_/
M+QL<*0U4A-'/:TNW42.?NBFP9IVSK'$GF+_"N"/H*))AIU+N288Y(_Q'I25V
M,J;E#.=@8="2>:5^EQ:#E=V0==O\.* $DD*)&P."??-%N@#2\SY+$'?ZCI3L
M%_(C 9FD <$CUXHL@N0@?*26()[CK0 *JLRHH8L3W- K^9T\UNEIIB(X_>$$
M8/0FE=;@C(NK62;+HH "C ':J2\AZ&5+&R<9('.:5A$0S\W/;'K0 D<0ZY'X
MT 1F!E.<X!]* ')N7@GB@ /S)S0 L7( '3'K0 X[RQ4>OY4P)HV:-3M W@@Y
MH &F=\AB !Z#%(8W:0A.<_6F(0\)ZGVH 8.<$'ZT@'D!CVX[TP%Q\Q.X8I
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MAC(HZ;AJ6=NV(>I'%("G<0D@MU!//U_R:K<"U:6\A/( XQ@"I:\A7-V&Q01
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MIIL+"")2FXK@=Z-4%ARP)RP;;C'!-+0-3#U7 OSM;/RCFC0&;EM$K;(BX!*
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MU84[Q#4KWWAR6.,O&X=0O(Q@T:,6JZ',3 QR8R1MZ<U-BCHM/U 26H>5"-I
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MQJ3DGO33Z 84\10#B@5B%?NX[FF!'_%N)I -A/[UL'@?K0 ]B0 ..3@&@"0
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M)EWN5P"1MH<>Q293O)WG&2[-[&E85V01PG SQFF(DV1[0-G(IW"R,S5D"/$
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M@#.6P"1CL10 -U]L\9H >?D8'G ]J %V*WS$X%, 'WB"3CI0 $=3T&.*0!R
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MS8D!+19Y&?NYZ4.VXO40#YH7'//7UHZ:,"TT3,V0@"X_#I26PM!TYCM(_,8
MRYR%7M[4]]1KS,N6:2>0 GESGV%&[#T'LN(RD678<' _PIAMN6;=9G0*('#$
M$ECZ4FF*Z+<5I<;&4D)SGUS18=QXM;D%OWJ#)R>,YH]6%R.6VO-X\L(5^N,4
M.W<+^1"MI>-$Q"QJV> 32LMF%_(&M;E$3>J^_--(+^0+%=A%'E*K+DYW4[6
MJ1P;IU$UPB#!)&<5-X]QVD]D9T,\5O>FZ!).3M"\8^M.Z8K%B?5KBZC**A7<
M<D+2L.Z1#';.QWRC:.PIV5A;D\RJS*W )H6F@R;3K4W,P'W5QZ4:B;T.B@B6
M"%8TZ**!$E "T )0 4 +0 E !0 4 % !0 4 % "T % !0 4 % !0 4 % !0
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M+6GKNMUXQA13&63*Z)A2.OI28 [*%4J2QSBC00P$LP7/)XSF@8L@P%XQTQ0
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MO_*!G.:07'I9@G=+EACUIB'P6R("?*PQ[-SB@"PP783C=D=/6@+#,L&X4=,
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MZ47D%H]R0ZI88_U;G\.E*['RQON,DU&QD ^5U(P>E.[[":7<&U"Q,#*-Q?\
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M)/&R1DAB&X4CUI*2>HK-$P((!!R#WJA#4E23=Y;JVTX.#G!]* &RW$<+*KN
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M\''2EJ/8RVM(YIBSL^2>@]*>A+N2/IEN(7;,F1TYHO$+>8EIIUM+'N<R$9Z
MXHT["LWU"?3[5 <F0'L0:;:[#L^X1Z=9NRAGE7(SSCK2T["Y9='^'_!)CHD)
M.U7<GKU'2G[H).Q$^BHI^\X 'L<TO= >-'B. #+GOC%.\>WXA9@=$C$9.Z3(
MZ=.:+Q[!9]"*#3;4HQFN&3!Q]T5*:VL.S>PKZ9:"/*71)!P1BG[H<KZC3I<1
MCR)7QC@8I7C;4+=V-DTR'C;*[>IV]*;L%F TR(J")&)/'3I1=!9C5TV!FP)F
M]#E:- LQK:8J+\TAR>GRT[(+-$#6@!.),X]J6@#?(!(&\8I:"'FU7&1*.?:B
MZ 469/1U':@=A!:@G'FJ/6C3N%B.2$(<!U/THT 9LXZB@0TC/&:!CB@ '/!%
M(0J0EQD=?>F,O6VD/<1EUECQVYZTTEU86?8?)HSJ@?SXR._M19=PU[$T7AVX
ME3<DT6,\<FDN5]2=>Q+_ ,(I>!<F: 9Z?-3LNX7EV&2>%[Z/&6B/MNHLK[BN
M^Q6FT6>$9=DX]#UHLNY2N5UTZ9V'S+]<T63ZC)TT.Z?.PH1T^]19=Q-M="3_
M (1^\W$?)D#LU%EW_,5WV$30;V093R^N.7[T^5/J.[[$Q\+:F02$0_\  Q1R
MQ_F07?8B?PYJ$9Y1,^SBAQ7<+LB.BWBIN*@=OO"E9=PN^P_^P=0'_+)>G]\4
M<OF%WV$_L._'R^6,]/O"AQUL*]N@-HE^ 3Y1Z]=PHY?,.;U^X<-"U1@"L#$8
MZY%'+_5PY^EG]PIT'50.;9_PI\GH'M/40Z%JH/\ Q[2CZT<G]:#YP_L35AT@
MF_6E[/T#VOK^(?V-JXX^SSX]LT>S_K0/:OS_ !$_LG5@!^YN,?4T>R]/P'[5
M]W^(O]EZL%R8KC'U-+V7DOP#VK[O\2,6&J<_NI\CKR:?LP]IYB?8-3+85)CQ
MV)Z4N0/:/N,^P7P4DQ2@'ZXI\@N8<MKJ8^54G&.< FE[)/H4JC74=]DU0*/E
MN#^)H]EY"]L_YA1;:J0-JW)Q]:/9^0>VM]H46NKJWW+K]:7LO(/K']X0IJR@
M$BXS]#3]D^P?6'_,'_$U R3<8]P:7L?[H_K']X1I-54\M<?D:?L7_*'UC^\,
M\S5 .L^/I1[%_P H?6.G,*)]4/1Y_P J7L?(/;WZC)+C473:[2E1ZBFJ36R!
MU+Z$/^E#G,F1^E/E?85P$MR.KO\ XU-@N(LLN,!VXXZ46"X^*XNHO]6[#CGB
MAQNK#4FB0ZC?DY\YC@8Z"ERH?.P74K].!*P_ 4N5!S"G5M0=2#,6SURHI\BZ
M YL8+^]0K\_3D?**>XN85]1O"X9G&1[4K#Y@_M.[&/G7CT HL*_D(=2NCC)'
MY46"Z[!_:=R#C*_3%.P[^0&_N2P)*_3%%A7\A6U*[.,L,#MBBP7%_M2[Y.Y?
M^^:->X7'QZO>(!M$9"]\5-GW'S+L1OJ%U*X)QD-N&!TIV$WY%AM>OV38^QAC
M'(I<KZ,?,NPP:M=^65VQD$$?=IJ.M[AS+L-75;I8A%\I Z9%/7N'-Y$@UV\5
M0NV/@>E*SVN/F780:[=@8Q'C'OS2L^XN9=AR:Y<H@1;>W&.AVGCC'KC\<57O
M=Q)I/5#QX@NU4*(X@!VQ0^9O5E<R[#O^$BNL#$,?3%3RON'-'L,?7IW&##'R
M,<9%4^9JS>@<T>PV77)98'B,*;6&.O2DKKJ#E'L-M=8DMT 6%6QZFG>71BTZ
MHGL]?EM+>XB$"NDS%F!)P,U+YKZ,+QZHNKXQNE0*+6/Y1CJ:5I=QWCV(H?%4
MT,CR+:KND))RV>33:D^H7AV(I_$T\]['<M"/W8(V;CM.1BGK;<3<1&\1,0/]
M$3!X(SUHO-;L+Q(+C6/M"%3:ICL<\BFN;N+W2%M3D81C8!L]^M&H:%V?7UG@
M,+6N Q^;#<FB\A^[T'6WB 0 ?N&8[=I);DC&.O\ A2=]E_7]>15XA?\ B2>Z
M15A0PX]#U[TK-[B;2V*(N[8J \#D]78-RQR#G^?YU=VM$)-=;FI;^([>VC5(
M+(1A1PRCYL?6I;DQ^[YB?\)%#L\L6[A"<XX],?2E[U[V_K\W\PO'NR4^*(!;
MB".U98A_"3D8QC'T[TES>7]?UTL'N]QK^)87"#[,RJO( .-N<=\Y'3MBJUZI
M?U\A>[W8U]>LG>4_9&42#!  SU_+\:+M=%_7R'[O<HR:E:<B&*55  4$YIW;
MZ"T74B?4(RA"K(">^:/D*_F1B]7/S*WUIW$*+V,<[6_2B[708^/4(UQ\CT78
M72-6UU[3XH@'MY2^/F.ZDY-]!I+N2-XCLB5Q',H[C.:5WV'IW&KXALD)*QS9
M(Q0F^P6CW'CQ%9X4?O@ ./:B_E^(:=QP\16.X[O.YZ@47\@LNXH\1V603)/E
M> ?:B_D%EW)$\26*@;I;@]\'H*.9]@LNXR;Q):O(6#RCZ T-OL%EW$7Q#:;E
M/GR#'^R:7,^P6\R4>(['>2TLAS_LXHYO[H6\R*;Q%:2,!O?_ 'R"2*+]D*R[
MC%UJQ7K<R$YSRIIN7D.WF*=;L\DBX?GV-"?D%O,1=:M 01<MQ_LT7\@MY@VM
M6;;O](8Y/=:+^06\Q@U:S!P;G=_P&G<+>9/%J]B#DW6!]*7-Y!R^9-'KEBL9
M_P!).X]?>CF0<GFA1JFE,V\W1!QQ2Y^Z8<CZ-#)M0TR5 C7F].V[M0II=&'(
M^Z(4DT9<YGC(I^T)]F_Z99BN=$3DRQYH]IZC]GY_B66UG288L0RJ.W%+VEPY
M+&3<ZM'-(AEN$<C@8[4TQV*LUY$[EQ.@.>F:JZ%J1M/$[Y\]5^K4KH+,MHUF
MK*S7,9]?FI<Z'RLD:33@VXW"=.S57.A<DC&UN2*2[3R'#*$'(.:5[B:L7K,D
M6\0*X7:.U-@6-H"@\'U% $<^TJ,8)I7"PQ"8I!MX'<4P)05;Y0IR/2@!\2L;
MVW"@!O-7K]:0CM: %H * "@#EU0X([]<F@;%9=@4\<]@:&P]2@[R&1R" N.!
M2N.Y58%CCWZ8JMR;DD$8#L2,<=31JACI<D2CIP,4+4&)IY'E$;3][OWHZ@K%
M*_+-=E<G);'' H$V11VL\LA?#!0>,T6"]RW)+<P(,')-.P[V%&H2>7B0,H Q
MT[TM4@O<1=2?RPX'(/!Q2"Z*\]Y/.8T0$ #M3UZAS=A(OM"+)M^ZRX&:+,+]
MPCB;[(S,QSR>10(;"EV8F;)VCIFBP<S'B2?+ C@ ?C18+E7S;EW*(2,'M1:X
M[@)+H$@$YSC-%A7)'N+L* Q#>F>:5@N0M).6"D<X[4[!<;YI48QAAWH &G9E
MP !@8XHU :@=GXW9]:5@N($9CC!W=*=F%R?[%-MS@?G181 R/&</0,;CF@!1
M@GGO2 EC; .3\HZT 36%SY%QN(.W/:FAHVWG+VG^SVH2ZC-K15Q8_,,_,.HJ
M58DOQ+EF"].><4#&.RK&V00_IGOZ?6J Y[4YCYK+@8':@91MV7SAN&02,XHN
M(U!,L>$B(/?Z5-QV)G=L XPN>?>@1+:E/.DR<#@@D>U'5!8OL[;ACD$8^6@"
MM,'+*'! SC'M3;Z 5[BW<GYAPIY!/(I@(\@2/+,!@?D:D:0D)5FR'!;/- 69
M;D4J@=1VYXQ3U$/LR%?YL[&XP?6@1H<AP0<CO0,?M!YQS0 HP!B@0>] %>64
MQA3P?6@9"TCRL%4;D&<8_3-%P(MY4C< ,<?C0!!)$VX%<D$8H5P(_+W$ @_G
M1L@N-!Y8#OQ19#)$D<$#/7G&<8J?0+E^U*A1R #U.>33$6E8,">M AC,PZ(S
M 9&.] QQ)^7:  >.:8B&2,AB2. "1CUH'H02+(,)NR" 1[_XTK .\S:/E9>#
MTSTHVW K-$6!?& ><4[B*=U$QZ<9'.:+CMY%%[=DPNX^O%5U"Q6B7:^/?TI7
M?<+(NP!D5I&.0.*=WO<5HC,;R<8QGIQ1S>;$XKL0RNT88#8Q/7BE=VW!QCV'
M6^4C+_+O!P!@4*3Z,?*GT%,>".%*]3E134I*VH61 ;6.YM[F1E^8'"A0 .*.
M:^XK+N9,-H[RE54G'I2L!9N-.EBL_/)_BP5IV5@3(;6U=G#;<@'D&E8#>6P@
M,"DY&?\ 9'%.[&HH9<65JD8=22-O0H.M%W;8.7S$6*-$63R8W^4$_+S2YFNH
M<JZA,D!8E(EVL,XV]*.9]Q\J-#0[*V<SO/"AZ%2WIS1S-=27%,P]9MHX-0E$
M:ILR2,=*&.UBY \"63%[6-FVGD#CI33D+ECV_$S#<"<?+:0ICH<47E;?\$.T
M5LOQ&-"Q))BC&>RBC4'Z#X8HTF1I($= ?F7'447?032+$0MKB\"0V,20NV%9
MF8MP/KCMZ4<S_I(>FJ+OV")6<-#$O!& IJN;^K"45_3%?3(FV_)$,?[-)L%&
MRV_$8=,@$+*5CR3G=CGZ4UY(.7^KDJZ?:, IMD)  X!J>>5N@^5#UTRRVX6!
M#@_C3YWU_)"Y20:;IL=LTDEI\I..,\4N?L'+=[EE="TUHA)]G!7;GDD$TU/R
M%R>9 ^CZ<JDM;CGG@]*7-Y!R^9&VDZ>.1;<<\;C^='/9;(?([[E*XTBT94\A
M0".HW')IW3"S[D4.F0*[++!G.-OS&A-"M?J2-IUEY:GR64XZ[CUH378?+YE:
M2VT^--AB=I.F03BA.^G*/EZMEFST2*Y5Y2 J!2<%N:+KL)Q%BTFSV-+)&YC[
M!6-.Z[!9]R4Z+8X)V.,\@[N!2YX]E^(N5]R:+PS#)EC$X0#C<V,T<RW:%;S(
MO[#L6*JR2*0<9W=:=XW^$JS[BG0K -]V;';YN1^E',NP6?<5M!T_:"#-C/3<
M.:.:/\HN5]QK:!8A"<RCT^8<?I1==A\LNXP:%9,,JTIR.FX4KQ["L^XT>'[4
M@!3+N^HHO'L%I=R0>'K,;OGE'IR*+Q[!9WW_ *^\3_A'[$G+2S#U QS2O'L)
MQGW_  &_\([9Y/[Z7)Z=#33CV_K[@Y9]_P /^"(WA^T!7$T@X[T7CV_'_@!:
M?=?U\P/ARWQ\LLI(ZC HO#M^(6EW%'AJVR<S2_3 HO#M^/\ P!M2745/#5JR
M;FN)!CJ  :=X=G]__ !*0I\-6GE@BZDR>Q447AV?W_\  ':7<@E\/V\8RUTR
MC'.5[TKP[,+2&OX=6-=S3.%SU"@BC06NPI\.Q\G[2Q&./EH]T+2&+H$7F ?:
M&]_EI>[N'O>0/X>7!V7!8CMMI^Z'O+L-/AXHP#S%<CNE+W0][L(VA(DJQ^><
MG_9I^Z%I6''0%(R+C Z?=I>Z.TAKZ"JD#[2.>^VCW16D1/HH3_EY&>GW31[H
M[,9_9*CK<#I_=I^Z.TAO]E@+Q<+],&E[H68X:5^[,@F4@<XP>:-!:B0:695!
M\]1Z\'BC3N#OT%DTK8,FX4\],4:(%<B73CM.)%) ["BR[AJ']GN ,R*/:BR[
MAJ*NG,3@31CTR:-.X:@-,=EXDC_.BR[CU(_L$F.77\Z6G<6O8D72IB"5*$#T
M-&G<->PUM.F7DE>O7-.P)CX])F<$AD  [FBR[@V36^C/Y@,K*T>TD[6YH20M
M>Q>@ \G/.U>,$TBR4D#*A1DFAL!"BJH#*,T ,*9!'4^XHZ -,S0S1N4R,$$#
MN*&@O8L6]YNO81Y98>8,@^A-&H:([*D(6@ H * .=M8W<G+;4(STZ"BVHRM?
M%HXPHY'\)-%QWLBE'$0I+8ZYS0(4+A0H['\A18&.0C.U2<]Z'8+$<^5< DYV
M]*=NE@(]/)\M]OWN:5K,%<IQAYKLY' .<FFA,W3&%ME"XROO2&B"?9O!V9(R
M-M"V'9#-L;+M* #/.>U%V*PTK$.-G ;G IW860W:F00N/Y4M0LB1I 5"DC/?
MCI3N PC]VP!4 T -1R@501SU%*R8R.?DD@;E/Z4UKL)C BC^#@]SQ1J@T%4L
MDN-G XZ=*-1#S$3AB >/2@"M-&0^_ P!]30#1 L"D;6Y&<T68$R6L1=3M'XF
M@+$D42Q@*JGD]*8#]@"D8YZ=*6['9#^0H!! HM;4"M*J/D;0?K0KL"I/"-^5
M!P/3M0(:(0!D=1SUI"(CP>!^= P1CYF5H VT#-"@R2 <8QZTQWT.FLUQ;E5
M"^]2@+J Q'!QC'TIV HWTC+O(Q^-'HQZ&)?1B5M^0./6FGH(S00C8R1S0!H6
M81I&R^?3WJ6/4TFP !@D4A#K1L^8=N5Z+CO30=2ZY:,#H%'?'6CT :68R@$Y
MQUXI^8$DT*$J@?Y&7//4T*PC&OX"0<# '8>M&@T5+1I(FW$ C//-%NPT;,<O
MGK\[9!&3@XS2M83+=NZI*%!7'8$\BBX6+H&W*CDXSN-,03N8XBZCIVH&B&"Y
M,C ' [F@"625%4?.!QD9H SY;@,!O4$CK[TN@$MNQ/(&T$D_I0K@*.4?=C/
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M<8IV\A$-F"T[KC./3O0(T5F#SM%QQR,T:E$Y7/+#&>G'04F+<:8^067''/-
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M Q]>U RM+%A]P!SU..E BA.1YI!'0= >M&O096D"[R4R0.IHZ /B8DCDCO0
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M;;)C)4=L\\4:)BLR;2U%Q)]I!7",5# 8+4M&)KL:NX!PN1DC(%,!01T';]*
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M# J0N&!X[T6U 8[ 'D<GC&:0$+2-R%(YX-%A_(:-H3D\C\S3?H(CB?+-R>E
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M*9F'#$CJ 3UHL@N7H[C=\R\^G8TK(!X,FP_P^_M0!6:%6N#+NQS5;")90H7
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M]@BG(?9-N'ICI1J%[EWS'905;<@/44K);# N!@@?,??I1=B(2_!W@[N>?2F
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M'35!O=C;L'T-#T VK)DCN'5ER0V W2EU%9&M5"%H 2@!: $Q0 8'I0 8'I0
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M0C(OHE'B&SD7AF'S<]<4V] -=5VEOF)R<\]J !5RP?)Y&,9XH YGQ+-+%JD
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MI3&%MT"JPV ^G-("S\I;.>?K0(<>!0 Q-RDJ<MSUHL!(.E "T % !0 E "T
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M H?G.P 8H'8C))3#8)R/>CY ,F&QU'J/RI@575_.4*.6.!S1\Q/0LK'L60E
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ME(/?FGZ /5=@VJN ./I0P'Y5<@\@>E'R"Q'DAF.XY-/8"3&XY"Y(YQCK1=M
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M=!84LY)STZ4) )%'$R$.=I)Z=J=];BL=%HQC"R*A)Z=JE/4+6-2J$% !0 4
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M%J'VD$9X[]:&,Z2@1%+&)H#$PR'7!/I33L!GF&./29&E4,Z*0?8]*6S&:,6
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M48)HN,82?+'KC_)IM^8$.X/-Q@ ?I2N@&=N,\] * $+\9.<9IO<!CG$4O'!
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M?Y20FXGIGCI1)]A):G$:C<M?7LDQ &YB>*E(;\BL<, 1D$=J8A"5.#G''.:
M'L=R?W:8"*=V<<$C!Q2 =&I+8QGL*8'8:38>3 B# 9@-Q]J'J"-":6.*-H<X
MQ@=.H[TG;8:.?NKA/G*N><XS20&5+*(X]Y.&[8I@9#,7<N<Y)S0(3/''%  .
MAS0!/;)\V]AQVI@6RV!D]?44 0L<IG'TI *I^0A\YH D555,9R#3 0XX/.#Q
MUH 3<<8QCM2 5'P2#QV%,"2W&.^03WH E.01CIW%  2=H. /I2L  X_^M0 *
MI:0;03ZT 3R8 + G/4CTH&2J5>S;YCD"@&5X/O#.<GF@"SO1BJY!6/DFA 1
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MW-+0>^Q8@9'B8N3P>F:/0-2W9?OV(( ./E)[_P"<T,3-^T4K  11L(GI@+0
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M#*P,C!CTZ&F!"/GF6 $_/U^E("W*?WQ7/ '%/H,O:",ZU$5&0 W)^AI".QH
M* "@!* .09=Q!8COUH6H[#9258]!QP1VI6[#&YR!0F 8!ZCD<=:$P&A >A]:
M=P&S<POD8]/SH$.0$QJV1Q0EY!\B.<@1GDG!Z4[ /C8^4#CYF[GUI:@2##@#
M!&:$ XK\W&6/;CD4-H 8[4^8#!ZX-&@##SR,\46&.#D#'Y468KL<B,[G"9"\
M].U*]QLB<@ C;^5/41GSR*JJK'&/U% $JL"A4OP#US0K 5H+:>[U P0.S'/
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M 'K[5(R?3X2YWEOE')I^8$]S-YS[A\JCA118;(2RE5P#0(7=@9QSZ4 *-H(
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M\\X%(!ZH"5W<\<47MJ BD%AUQZTQCMOXCD4MA$4;9+1G&1THZ //"GGZTQB
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M''H>U'0!H;Y@2!QU%(8R9_ESW'(% $0CW0[BW%.PBWI$J1336TC$+.-JLO\
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M(7:M&XBO=6Z,&9<$J.]- 582X!#=?>@#6@,<@5.03^5+YC&R$"7&<@#@&AV
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MP1WI#-6P?9)&%'IR320&=>2&X>8JO1S36H%6.5H7B*C;(C;LFAZ@C8M]6=V
MG08)Y XW4M4@T-'RDD$9B;B0<\Y%"\A6,F]T6&:20QOY<@_(_P"%7=/<5K;&
M(^E3J^1&3SR118+FC8:28G$LZ\#D"C;8$='*JK!O<E<@<9Z&H&8^IW96,Q-]
M\]6[T#V,8GY,*2 :8%&,C>^01WSZ"@13N9/-F+= >E(9'0(55+, * -':%C
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M#H>?2GLAFW818D*X5@!S4-ZZ"-&)2-Q*X).>N:8$H&!C- !0 #B@!: "@ H
M* "@ H * $H 8\88$'H>M %1P4!7;E%QF@".2-0GRDC&>*6B&.##:RJ"Y(&/
M:@+$T=N C#'7&.<\4"(P0..<8QG- %I6.[!7CU%,"2@#-U ,)%8#;GN*3&5T
M1 ,.Q4^N.U#5MP9GW$89I6PV5&0.U4/0STR0Q*YXZ =*5A$#)GIG\J?R$7('
M6&,\=#W'2EJ-!*F8,Y)+=/I0!2*84L!A>] B,J6&T# /MTHL!)&.B],#@^M
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MS\J\$4QZ&A:0A5&<;CW_ *4F!J6D85\LN5;BET$:BQ  <# ' IAL2T@"@!:
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M3M<+V(ECO=V 7Z<<T6%S%FW\PR+Y@)RO/KFBS0;EE]S1D]..31N,2%">X]*
M"X0$$#O[8I_(.AB31F.0K2$,&0:0$RRLV$S@8QB@"[Y/DQ9*YSR*8&C8#S74
M'UZ'FC9#.BM=.66,,W0<"IU LFSMT.V-<,?4]Z=Q6'Q6S)LY[YP!Q19 7,4
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M-=690/-.!T!-+1!J,BC!4X89IZ!J31P&1"P(X].M/J Q[=APQ' S2VW#5BM
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ML!I20\*O!YQGK2N@-/2K0AU(YYXH ZF-0L:KZ"@"-XF,H92 N03^% $U !0
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M9,RE4V;@RGDFCU#1;,8,X /\77M3 &SO&1@<BC8"-FXYX&:0&=>R^9,0.@I
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M72H&9'++WH NQPEG#!2P!_"CJ,W=.@.S(^5 :FPF:@&!@4P#'.: "@!: "@
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M$?XY[&AV'HAV&"Y! SQUHMY (6"G'<>M%O( W\Y)Z<\<&D 9SGKGVI@ ?'7
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M-<'CI3$-8X 7J/:D!M:=%L20E<94 5+O?09?M;<&0(,GYN0*7R W8T6- JC
M%-"'4P"@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M)^?H.!Q1<"%I_F'.>.] #)Y0T97/)H KQHSN%7.30!?V"-%08/K@4 +MRN%
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M>W+ \[5ZU+$:H)#N">,]:-!E74 ?LSA')PN>*:\@1C2A3$OTQ3$9LJX/3O2
MTM.8_9%48Z_UIC1;VAFX.*06*UYD '.<'I3!@V53.,_+U]* V$@<IN'/(R#Z
M4"">5I1U/M0-BLQ8#&,@<T"$4809P:.@S5TJ+S 7##D].]2WJ!U5I$T<(5NO
M?C%,18'TQ0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MD].* &EL_,.GK0 1#^+^= BSDQH1@YQ0,(5+*6].H]: U%D&UP#WYQ0!&WW
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ME484 ]:8"T +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % "4 1O#&T>UAQ[4 9^H2Q!8T P/8XX]*+#1% =/M2MP96:1
M%QM/4>O%)M!9]693?9+B[E:Y.T2$E6'8U5PM?1,O^?8V,#0VAWF5>6)I!RM;
MD,(TRXR]P[1R_P 7/!HO9VL/E?1DEU?VPBCAM"%BC/04F-*Q/:3Z;'BX65U<
M#&&-%UV!IOKH32:K'SN9EB/1EZ\TKL5D)'>VMK:NT#O)EL[F]::UV0M?4CMM
M8AF#+=.8V!X9<@8H';L5=3O[:XB6&'I&V<FC5H++N+91:2"DV2)!@E2>,T[Z
M6L+E?<AUFZ5].OV0@+(5 ]\4=0,;'_$L[X,?:G;0.AIO$(]%LC@;G!SCTJ>X
M(@C5^,#M^5#N R[FBMXU#X)9<\T>@_4@M)VFCW,I![$]Z=M-A:%H ]/44!<M
M:7=I97,TC#(,7;U%)CM=ZF@WB.W5POELP(!4@]:%<++N,_X2: +GRF)]C1K8
M+(DB\16[CF,K\P')[>M+WNJ"R(M;O(90BQN#M_B'0YJDT'+8IZ7$[2,Q5L=<
MX[U5F*[(;V+S)HWY!!)P:-@.?D>9[J1%=L;CP/K2MJ#;0K13' 8L1GD=:+"N
M="+JW,48:3&U /N_G4Z]BEZD&IW8FTL6]ODDN&)&13U8M(HQTLYW*E]Q&>AS
M3M8FY=6VP2R6_/;!IJX]!MA;SI-L<E0YQD@TK::@F7KB,QNR.,,IP1188Q%4
M,H)P0.XS1;38#5\&?\>ER>.9.HI".DH * "@#)UN6.(P&524)8'!Y'2C970T
MKG-RLOD.$'R _*Y')I[:"TN,<$M!GG/<4T-BMM$TF!^% $$K$(5'8]*0BG<#
M 4<]>*&!-!D+F@!<GD-R,T ()"@PAP<=^: !W9N6 &>.F*+!<1.F#G@9ZT (
M0$&[TH 0=1R!F@!Q'9?S- $3@9+ D\XSZT *HSA1^.#0!*HW*2/7O0!*WW<C
MF@!8I?+.&_.@!TTXD4=CZB@8Q%9V51SDXIB+TD9M;+SQPV< 8J;]!HS'<O+O
M;[WJ::0AKY)4=R>M  5.<@_=].] #@R"4%^1WH 1MC<J2.>], ,^UU 7<1TI
M 6!YDR!3\O/-)(+]A?LRJI7DX]*=T@L.W0X&V(\#K2U!6[EVYU$2VZQY(P/K
M2&5HES$IZ^^*8BLGSWF!R* )4P"QH JQY\T<YR>:8&GI6TWES(S8VK@4@(&#
MS3-\AD_'I30[D7EDC;MQ@T") (Q"-H(<\GFD!J>&1G49"0=WE]?2@9U5 @H
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M#3K?,J9. .1]*3V'8Z^PC01[E7G-)6 MTP"@ H * %H * "@ H * "@ H *
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M0%D3((CDX&.XI[!8IV@_>F1>O/6@0XG$9QSZ]J0R",98')Y-,1HZ8N+2[E+
M9.,]Z0#]/<)*<#DCK0[C(W;;*Y8X!/.:!%1CC=W]*8&SX7+-J$S;N"G/OS28
M'4T % !0!4U,XTZ?_=- &.[QON4MM8+D#K4W'Z%'<   <#(#'%-H82;2-H.&
MV8SGUH781$G R22,\YYQ0 [&R5V#=!QQ3\@*LVYU<G.",]<4) VRU98:+.WY
M2/K3 J:A&$N^>M%P8^)RPZU(#+A-ZY!()YQ5 1*I90,GVQ0*P[:>>F?K1?S
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M Y[=:$!/Y2R)@?*#R".E $363.^2W0>M,!T5F(G4YZ=?>E8"X.E,!: "@ H
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M !0!!=C-LPH FH * "@ H * "@!: $H * "@ H * "@ H * "@ H * "@ H
M* "@ P/2@ P/2@+!@>@H"P;5YX'/7B@+!M7(.!D=..E%P$V)@C:N#UXZT[A8
M"BDY*C.,9QVI"LAIAB( ,28'0;13N]PY5V#R8N?W:<]?E'-%V'*@\F+C]VO'
M3CI1=ARH/)BP1Y:8)SC:.M%Q@8(2<F)">F=HHNQ60W[-!@+Y*8!SC:*06%^S
MPX(\I,'_ &10.PGV:#/^I3C_ &13NP$6TMUY6",?111=B)%C1/NJJ_04ABE%
M/50?PH 4J",$ B@ P!0 4 % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0
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MWJ!!0 4 0W7_ ![M0!-0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 E !0 4 +0 E "T )0 4 % "T )0 4 % "T )0 4 % !0 4 +0 E !0 4 %
M !0 M "4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * $H * "@!* "@ Q0 F* #% !0 N* "@!: "@ H 6@ H *
M"@ H @NO]0: 1/0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 )0 4 % !0 4 )0 4 % !0 4 +0 4 +0
M 4 % !0 4 % $%U_J30")Z "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * $Z4 +0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 % "4 % !0 &@ H
M* %H * %H * "@ H * "@""[_P!30P1/0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 (R@E2?X3F@!U !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E
M!0 4 )0 E "T % !0 4 +0 4 % "T % !0 4 % %>[_U5 %B@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* %H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * $H * $H * $H * "@!: #B@ H 6@ H 6@ H * "@ H KW?^JH L4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % "4 +0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 )0 4 % !0 E "4 % !0 4 % "T % "T +0 4 % !0 4 5KS_
M %8I#19IB"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@!* %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H ;CD')XH =0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 % "4 )0 4 (: %SQ0 =J "@!
M: %H * %H * "@ H K7GW!0,LT""@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * $H * $H * $- !0 E
M"T % !0 4 +0 M !0 M !0 4 5;W[@H&6J!!0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M "@ H 6@ H 6@!: "@ H 6@ H JWOW!2&6J8@H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 G:@# T&UBN_#I@F3<CNP/Y]13O8&9-K//X9U8V\^6M9#G/MV8?UI27VD
M-.^C-J)UD\6ET;*FT!!'?F@1N4 % !0 4 % !0 E !0 E "4 )0 4 % !0 4
M % "B@!: "@!: "@!: *EZ>%I#+=,04 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % "4 ,D=8XV9R H&232;2!*^QD>%6!T5,$'YVSCMS
M3\@+>L:9'J=F8FPLB\HWH::?<3.?\+131:W-%<!E>*';M/89&/PH:L.]SL*0
M!0 4 % !0 E !0 4 )0 E !0 E !VH * "@ H 6@ H 6@!: "@!: *=[U%(9
M<IB"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H * "@!* *]
MU9V]VJK<1+(%Z TT[:B:N1V^EV5M*)8+=8W'<4.5_P#AD"5MOU+E(9"MK"MV
M;H(!,5V%O447TL!/0 4 % !0 4 % "4 % !0 TT )0 4 % !0 E "T  H *
M%H 44 +0 4 5+WJ*0RY3$% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 )0 4 0VEU'>0F6(G:&*\^H.*2 FI@+0 4 % !0 4 % "4
M % !0 E "4 )0 4 )0 4 % "T % !^- "B@!U !0!4O.HI#+E,04 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 5[Z?[+8SSY_U<
M98?7% &%X,N-]I<0,?F5]_Y__JH&=+0(* "@ H * "@ H 2@ H 2@!* "@!*
M $H * "@ H * %H * %H 6@!: *=Y]X4AEVF(* "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * ,?Q&Q>SALT;#74RQ_AWHZ@8'A*;
MR-<>$])4*CZCG_&A@=O0 4 % !0 4 % !0 E !0 4 )0 E "&@ H 2@ H *
M"@ H 6@ % "T +0!3O/OBD,O4Q!0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % "4 8TY^U>*K>+@K:PM(1_M'C_"A <=9W!M=7BFS]
MV7)^F>?TH#J>E4 +0 4 % !0 4 % "4 % !0 AH 2@!* "@!* "@ H * "@
MH 44 % #J *5W_K*0R_3$% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 )0!C:&/M%[J-\3D23>6A_V5_R*.@'"S<2N #UH ]*TV?[
M3IMO-W:,$_7O0!:H * "@ H * "@ H 2@ H 2@ H :: "@!* "@ H * "@ H
M * %H 44 4KO[](9H4Q!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % %34[C[)IEQ/NVE8S@^_;]: (-"@^S:);J<;F3>?QY_K0P//
M9S^^<>YH6P':^#Y_-T@Q$Y,+D?@>?\: -^@ H * "@ H * $H * "@!* $-
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MD[@+3 * #-(!:8!0 E !F@ H * #O0 M !0 4 )0 M !0 4 % !0 4 % !0
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MC:_*W$#'!(Q^60!S]:7)RJ\7_7S!2OHT=5#*LT*2QG*.H93Z@U2$24 % !0
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M N5ZO<U6N-#UZYA:5WBN <!6^4MZ<]/UI*=M)(;CV&>-I7$-I"I.UBS$>I&
M/YFF(Z*TM8K.TCMX5 1!@<=?>BXK)%&TT2*SU:6^AE91)D&, 8Y_^O3;3WW
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MB\XOWE8?*NC.CAC2*)(XU"HH 4#L*JY))0 4 % !0 4 % !0 4 % !0 4 %
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M51*C !L<D'C']:5^@UW+^@2O-H=H\O+;,9/?!P/Y4K6T TJ8!0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % "4 96OVCSZ?YT/$]L?-C(]NO^?:C?0-B15MM=
MTB-I4!61<^Z-[?C0F#1P^K:;+IMX89.0>5;LP]:8D[[DN@:@=/U2-V;$3G9)
MGT/?\.M2QH] G.;>3'38?Y4GL!Y6XPY&<U0&_P"$; W&H&Z89CA'&?[U/H+J
M=+K6L1:7;=0T[#Y$S^I]JAOHBDC@+BXENKAYIG+N_))II6!LZ;P=IY+O?R+P
M/DCSZ]S_ $JMD2=;2&+0 4 % !0 E !0 4 )0 AH 2@ H 2@ H * "@ H *
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M14>NH.5]D:?B#3Y[[38X+1%W+(#@G  P1_A0M7JP-"RC:&Q@A?ADC53]0*3
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MGT#GAU9+HMC=WNJ'5M00H>J*1CGH./0"BW*M=Q7OL6O$NFSW217=F#]I@/\
M#U(Z\>X/\Z$KZ W;<I?\)3=&V\L63?:B, \XS]/Z4O9U-K%WC;F_K[R]X:TJ
M2SB>YN@1<S=CU4=?S)YIO30G<I:K;W6DZU_:MG&9(GYD49[]0?YYHY7)>Z+F
ML[,CO]<FU>W^PV-H^Z7AB?3V_P#KU$8S;U13:1NZ;I:6>CBQD(;>I\PCC<3U
M_P *MDG/V<]SX8N9(+BW:2VD((93Z<9'^'TH<6]8C33T8:EJ$_B&2*TL('$0
M8,S,._3)] *F,9/5[ VD=596ZVEG#;IR(T"Y]?>F!8H * "@ H * "@ H *
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M % "4 )0 8H * "@!,4 % !0 =Z "@"G<?ZRD,T:8@H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@!* "@ H * "@
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M@ ^E !0 4 % "4 % !0 4 4Y_P#64AFC3$% !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M9]QWCV%'B^\Q_J8Z+/N%X]A1XNO>?W,=%GW"\>PO_"7W?_/",T6EW"\>P?\
M"877_/N@HM+N%X]B1?&$V/FM4/\ P*BT@O'L077B&&[0B?2X9">I)_KBJO-:
M)D^Z9K7*HV^SCEM'SG*SG'Y8I-<WQ6&I-;&E8ZWK0($8-V#T!3^HIJG+="YU
MU.@M[W59@-^EB,=RTP'Z8I\K6[0KKH:@S@9'/?FD,Y/Q39QVHCF@+JTA.1N.
M,T-+L-2EW-"ST&TDM(9&>X#,@)Q*?2CEA_*A7G?XF-72#8ZM;S0/,\1)#!F)
MVT<L>BL/FELV;P^E @H * $Q0 4 % "4 +B@"G/_ *RD,T*8@H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MF(* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 %
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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MAJ5M#HO"5]Y]DUH[9> _+[J?\#_2IOJ4SH:8@H * "@ H * "@ H * "@ H
M* "@ H * $H 6@!* *4W^L-(9>IB"@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M#N,=J;:DM=Q*Z-6,LR*6&UB 2N<X]JD8^@ H * "@ H * "@ H * "@ H *
M"@!* %H * $H IS?ZPT#+M @H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * $H 6@ H * ,OQ%;_ &C19P!R@WC\.OZ9I,1Y[C!IC/1&N1:>'5N,
MX*6X*GWV\?KBA@+H4'V?1;5#C)3>?J>?ZT :- !0 4 )0 4 +0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 4I?]8:!EV@04 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 R6-98GC<95U*GZ&@#R^5&CG:-N&
M4D$8Z&@#L=28S:+I=B#@W9B4_P"[@$_TH Z$    8 Z4 +0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!3F_UAH&7*!!0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!Y[XDMS!K=SC(#G>"
M?<9/ZYH Z"R_TC6K",G(L[,,?0,P _D0:.X'14 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % %27_6&@9;H$% !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % ')>-(,2VUP!G<IC/X<C^9_*
MCH!<\)J\L-S>R#!E9448Z!1C_/TI@SH:0!0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0!4D_UAXH&6Z!!0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 )WH 6@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@#%\50>;HCL.L3J_P#3^M %K0X/
MLVB6D?\ TS#'\>?ZT :% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0!5E_UAH&6J!!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0!!>P_:+&> 8S)&RC/3)% "VJ&*UAC;&Y4"G'J!0!-
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 5I/]8:!
MEF@04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 G:
M@!,T &: %H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@"M)_K#0!9H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H BN9A;VLLY!81H7P.^!F@#G-+MY->BEN[^YFV[RJPQN55<>WXTE&.[
M5QN36SL1:Q9WVGQQB.^GEM'=5*R-EE.>.?PI\D7J@4GU.LH$+0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!7D^^: +% !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % $<\2SV\D+YVR*5..N
M",4 <0RZGX:NB4R86/'=''OZ&B4+ZH%+HS?L]6L-<A^S2'RI3@F)CZ'/![]*
ME2MN-KJC;JA"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 5Y/OF@"Q0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0!6OYVM;">= "T:%@#TXH (GBOK%'95>.5 2IY%"E;4&NAR?B+2$TQX
MKNS+1H6QC/W&Z@@_A^E-ZZB6AUMC(\UA;RR??>)6;CN12M;098H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H @D^^: )Z "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * *]]"UQ87$*8#21LH
MSZD4">QCVNE:IID92QO8Y8^OES*0,^V*)1B[M-K[OZ_ ?,[:H5]'O=1N(WU:
MYC:&/!$,((!/OFA1C'JVPN^B-T#   QB@!U !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % $#_ 'S0!/0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 % "T % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 0/]XT 3T % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0! WWF^M $] !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 0-]X_6@">@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * (6ZM]: )J "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H @;[Q^M $]
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 5S]X_
M6@"Q0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M%<GYC]30!/0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % "4 4_,!)^IH L#K7(MD,=6T0'5H(* %I@% "4 +0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
<4 % !0 4 % !0 4 % !0 C=#0!C?QGZFI&?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>conformednewexitdatea_image6.jpg
<TEXT>
begin 644 conformednewexitdatea_image6.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M87^RK#_GTB_[YHYY!83^RK#_ )](?^^:.9A8/[)L/^?2+_OFCF86$_LC3_\
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % #'C61<.H8>A&: $9!M QP* (/+7^Z/RI@9,
M=2,LI0!.F* )XSD\4P+ Z4"'4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 TT 1X^E &(E R=6[#FD!/&F>6/X4 6D&,4 6!3$+0 4 %
M!0 4 % "4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (: &4 <]"RR8PXI#
M+L:@<"@"S&.* )TZT 3BF(6@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@!* %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H 2@!GX4 <1H3$HN3Z_UH Z5*0RQ'TI@3IUI 3"F(6@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * $H ;CWH X;P\A,2GZ_
MUH Z:.D,L)TH L)UH EIB%H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@!* &YH XGP\08%]>?YT#.DCI 6$Z4 3IUH EIB%H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@!* &8H XKPZ/W _'^= SI
M$I 6$Z4 3QT 2TQ"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M !('6@ W#U%%PLPH 6@ H * "@ H * "@ H * "@!* #- !F@!: "@!* #-
M!F@ S0 9H ,T % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 F: #- !0 9H * %H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* $Q[4 <[
M:V\4/^K7%#8&A'TI#+"=*8$Z4@)*8A: "@ H * "@ H * "@ H * $H S-=U
M4:99%D :=^(U/\S[4G?H-'!W=Y/>3>9<RO(QSC)X'T':A12!LC=3]![T]Q7&
M$$'W]0: -?2?$%SITJI)(9K;NK<E1[5/+;8J]]SO8I$EC62-@R,,@CN*:=R1
M], H * "@ H * "@ H * "@ H * "@ H * $/2@#SK6Y776+H!V \UN_O2LK
ME<S74UO!;EKRXRQ.(QU/O197$VWN=A3$% !0 4 % !0 4 % !0 4 % !0 4
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MG^);VVEQ+)]HBSR&Y;'L:.6VP7ON=I:745W;I/ VY&Z&FG<35F3TQ!0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 AX&30!AZMXDM[$F
M*W GF]C\J_4]ZF]]BK6W+FA74U[IB3SD&1F;.!@=>*=K$EF_9ET^X9"0PB8@
MCJ#BA@>?G5M05C_IMQ_WV:.5%<[.VT"62;1H))79W.<LQR3R:=K$WN:5 !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 )0 E &''2&68Z +,?2@"PE #Z8A: "@ H * "@ H
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M=YX;D4:#;98 X;O_ +1J'.*W8[&J"",CI5)I["%I@% '&>-?^/V#_KG_ %-
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ME.,=V-)O8A6_LV;:MW 6]!(":'.*U;'RR[$ZNK#*D$>H----71.PN:8"T %
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M % !0 4 % !0 4 % "4 % &%%0,M1T@+"4P+""D(?3 6@ H * "@ H * "@
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MZX/I6BE%D-26AK:9I-MI9D^S;_WF-VYL],X_G0VGTL!H4AA0 4 % !0 4 %
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M/N\MV]BYH<EV#E??\BY:Z99V9S!;HK?WB,G\S1S.UBK(MXJ+#.?\8C.FQ?\
M73^E,#CK4D7<6!_$!^M 'J#$*I8G ')-(#B]5\4W4DC)8L(H1P&QEC[^U*U]
MRM$9(6[U"0;C<7+GTRU5&'9$N72Y>;P]=Q6DL\D8B1%W?,W)P?2J:2W9*;?0
MQL?*><>U24>DZ,,:-:?]<Q0!Q'B(_P#$[N<#^.@#;\$KQ=MCIM'\Z!'4T#.'
M\8<:M_P!:!B>$/\ D-=1_JS_ $H).PU+_D&7/_7)OY4#/,SA7YH ]#\.\:#:
M?[I_F: -.@ H * .+\:?\A"$8_Y9?U- &3I5M%=ZM;V[@[&;G!IIBL=>?"VF
MG^&0?1JKF7;\_P#,E1?<5?"^G*<@2'ZM1S+M^?\ F'+YEZSTVTLA_H\*JV,%
MNK'\:3DWH-12+?2I*.0\:C_28#_L'^= &5X<&[7+3*\!L_I3!GHE(#.\0@G0
MKK']T?S%##8\\;KCTH$>DZ25.E6FP8'E+_*@9;H Y#QF0UW HZ[/ZT!T,KPY
MN.O6NT'.3G\J8F=#XTYTZ$?]-/Z5)70Y/3&V:I;$XP)5_G3)9Z?0,;(0(VW=
M,'- 'F$K .X(]: .FTC*^#+TKZOC\A2EL".5/#$#UI@68M-O)D5TLYV5QD,L
M9(/XU238KCY-'OT7)LK@?\ --P?]-!S>8W^R+X$$VLV!_LG-+E9//'N=;X1A
MEM]+ECFC9&\XD!ACC:M)JVXTTU=',^("#JUR._F&DBC5\$+_ *1=.>H50*!'
M84#*VH?\@ZY_ZY-_*@#S!N"30!Z%X8_Y %M_P+_T(T"+NH?\@ZY_ZYM_*E+8
M9Y@S?.>PI@>A>&!C0+;\?YFA@CAM4/\ Q,)B1A@YS[\TH[ 1V]O<S!F@CE<
MX.P$\_A5<MQ<_+I<G%A>D_\ 'M<Y_P"N;4<GD'M/,3^S[YL9MIS@9 *&GR/L
M)U%W-3PM;7$.M(TL,B HW+*1CBAQ:5Q*<6[)G0Z]HPU2%6C81SI]TD<,/0TE
MYE/R.-O-'OK20K+;-CLR#<IJN1]-2>9=="D00"".GK4VL436ES<6;B2VG:)A
MZ'^8J7%/<I2:T.U\.ZTVI!H9PHG10V1T8>O^?6DKI@[=#<JA!0 4 % !0 4
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M/&X=N?6FK-68/0Y"73;R+_6VLRXXYC-/E;V)<XK=D]KH>H7;@16CHI_CD7:
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M;&+/RR8X(_I56["OT915&9@L>">@ [TK-C;2-_0?#LT\R7%ZACA4[@C#!?\
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M ,4 &* #% "T )B@ QS0 M !0 AH 3% "XH 0#!H =0 E "8H 7% "8H 7%
M!B@ Q0 8H ,4 &* #% !B@ Q0 4 &* #% !0 M "4 &* "@ H 6@ H * $Q0
M 8H * $Q0 T0QJVY44-Z@4^9O2Y"A%.Z0_%(L,4 &*0!BF  4 % !B@ H *
M$*@@@@$'UH$U<18D3[B*N?08IMM[BC",=E8<!BD4+0 E !B@ H * %H * "@
M!,4 % "T % "'I0 A4$8(!% FD]&)L7K@9^E.[%RKL. P:104 <WXS(%O;9&
M?F;O["@#FM+ _M.T]?.3'YB@1Z1B@8T1(K%E103W IMM[DJ$4[I#P,4B@H ,
M4 ,>)' #HK ?WAFFFUL3**EN@6")3E8T!]E%-RD^HE3@MDA^.:DL* #% !B@
M!: $H 0H",$ CT-";0FD]&((T!R$4'Z4[L2A%;(=BD4&* "@ /2@!K1JZ[74
M,/0C---K5":3W&"UMQT@C'T04^>7<7)'L2!0O   ]!4C22T0M P- #6C1_OJ
MK8]133:V)E",MT1_9+;.?L\7_? JN>?<.6-K6)%0+]T ?2H;N-14=D.Q0,6@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2
M@ H XSPN/]%7\?YFAC.E04@)TH F'2F(=0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 E &%XJLKB\MX/L\32%&.0ON*:5PO8P-.T>_BU&UDDM)%595)
M)'09%5R-?\.3>YWE04+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 )0 4 <=X7'^B+^/\S0P.D3I2&3+GM0!,O2F(=0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 % "T % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % ',:)
M:O;Q -&4'I^=-@;:4ADR4@)A3$+0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 E !0!E1"D,M)TH F04 2BF(6@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@!* "@#+BI#+*=*8$R4A$HI@+0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T 945(9
M93I3 G2D(D%,!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@!* "@ H * #- !F@!: "@ H * "@ H * "@ H * "@ H * "@!*
M #- !0 M "4 &: #- !F@ S0 9H 6@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M?1);W#Q*8\D+ZY-2XI[_ )E*5MOR-_37:33+61R69H58D]R0*:5B2U3 0]*
M.<\5WES9M;&VN'BWALA>^,8_G4N*EO\ FQIV,B"[U^XA#Q2W+IR RIG/XXH5
M%?T_^"'._P"K"B3Q'ZWP_P"V9INBOZ?_  1\[\ON0C2^(LX+7OI]P_X4>R2_
MX?\ X(>T?E]R-?PT^IM>3"^-P8P@V^:"!G/;-/EL+GYCI*!!0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 E "T 9$#ACP0?I2&7$Z4P)DI")*8"
MT % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M_P#010!<H 2@#E?&Q_X]![/_ $H U/#/_( M^>[_ /H9H UJ "@ [T +0 4
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MM)SV'^-4K]1-);&A3$% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M$P3_ *D9_,T 6+/PK]ILH)_MNSS(U?:(@<9&<=:I.-MOZ^X1.G@[#@O?DKW
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % '->&4"V"G':A@;J
MT#)EZ4A#J8"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M&UTB56'H0!FD5>Y9H 2@#G/%-A=WLUO]FA:155LXQQR/6FE<F4E$R8=+UV%
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@!* %H RK&VCM8MD0./4FANX%Y:0R
M44"%I@+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E "T % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M)0 4 4H^E R=* )10(6@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * $H * *4?2@9,M("9:8A: %H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@!* "@"E'TI#)EH F7I3$+0 M !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 +0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 48Z0R=*8$RT"
M%H 6@ H * "@!* "@!: "@ H * "@ H * "@ H * "@ H * "@ H 2@ H *
M"@ H * "@ H * "@ H * #- !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 9H * "@ H * "@ H * "@ H * #- !0 4 % !0 4 (,Y.1]* %H
M * %H 2@ H 6@!* "@ H * #- !0 4 % !0 4 % "T % "4 % !0 9H * "@
M H * "@!: "@!* "@ H * "@ H * "@ H * "@!: $H * %H * "@ H * $H
M * %H * "@ H * "@ H * "@ H * $H * "@!: "@ H * "@ H * "@!* "@
M H 6@ H * "@!* "@#$TN_CODWQ@@>])#-1:8$RTA"TP%H 2@!"P! ]:3 6F
M G.#P/;FEJ !N.1BA !8"F%@5MPZ$?6DG<=A:8A: "@ H * "@ H * "@ H
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M0_A3:E>R0<J[BC6[8L1M?\J7O=@Y5W'#6;?<JE9!N]13UML'*NX[^U[4 Y+
M@XQBC7L'**-5MCTW_E1KV#E&2ZU;1'!63/IBCWNP<OF,_MVUQRL@/IMH][L%
MO,:?$-F#@"3WXZ4/F[!RKN,'B2SXRDO_ 'S2]ZVP65]P'B2S(X27/^[1[_;\
M0LNXH\269.-DO Y^6A\]MOQ"R[DL>NVDB!@)!GU%"YNP67<8_B&R0\B0_1:;
MYNP<J74%\0V1.,2 ^A6E[W8++N'_  D5EN Q+@]]M-<W8++N/.O6:G#"4>F5
M[4:]@LNXG]OV6[&7)]A1=]@Y?,0>(;(_\]/^^:->P<J[B?\ "16(_P">G_?-
M#OV#E7<7_A(;+''F'C/W:->P<OF(/$%GS\LH'KMHU[!9=Q3X@L@#GS,CMMY-
M*[[!RKN'_"0V6TG$@_X#3U[!9=Q&\16*@$^9S_LT:]@Y5W&GQ)8#M+G_ '*F
M\NP67<!XEL=V,2_]\4[R[!RKN.'B.PSC]Y_WS1=]@LNXA\26 /27_OFGKT06
M7<!XDL#G_6<?[-*\NP67<DCUZRD( +YSCI1=]4'+YDYU.V'\39],47?8.4:N
MK6K-@;_^^:=PY1R:I:OG#,,>HI7\A6%_M.UVYWGZ8IW"Q%)K5G'G+,<>@I7\
MA\OF-37+-R0N\D=MM&O5!;S'G5[=6P5DSW^6F[KH%EW)EO[=_NL3CKQTH3N*
MQ*EQ$_W6S3"Q#<ZC;6K;9G*GZ4F[#4;DJ7,,@4I(&#<C%%Q6):8A: "@ H *
M "@!* ,R[URVL[AH94E!7N!Q2?,N@TEW*I\5Z> >)?\ OFE>78=EW)$\3:>X
MR/,QG'W:+RWL'*NY?MM1M;I@L,H+$9VGK0I(35BUFJ$07=U'9P^;*&VYQP*3
MOT&BJ-;M#+'&OF,TA &%S24KC<;=24ZI9ABAE 8=1Z4G-(.4J_\ "1V&>?,
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M&D9B6T^H2%QD+[\ 4TK"?8U=%M98KAQ(054G'%#6H7-R@0M !0 4 % !0 E
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M" 1TK5.YF2"F M "4 % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M"4 <_P")&5;B$-TV'^=/H-&!DJP(Z'D4ADNW(8]^V/UI[[ -"XR,<@GI2N [
M=GDX[47 C8-N_O#/'-"L,>\8\S'H>]"=Q#F=2F0>0< T *I"ONR"/3%%PL1/
MCS"1@#MFCU >H;9G@'UHTL X.PRH  '48[BD"'@83OQR6IH>X]6\M!)]T]QZ
MT;K1 .G5'5CQR1MHZ"L0D(N"K8YZ#M0O- 1*7*D C!]#2TN K8!P,A2 /QJF
M QE"OG.<=Z3>@!U<!?7@4>@"J21MX'7!S[T7[L0T8!PW((_K1U&2N"(CW3/
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M.4X)"EA&#T%# LN<JJ;R&(R"126P%:Y>.!"D9+,U"86*BH2<YP>M,1*1@L%
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M3 S@8)IM@T'EY(5=P.#P*6G8>HEQ-Y4&2O.>!WHVV#0C25F&]1QGTY%%A7%
M<<;L'\J>@"R/(%)+C'I0,B$C KE_E(SQ25A>HC-E6&>#U!H F,0)=7*YV=C_
M %IW0$,"JUX\;/GY\#!SCWI;(":96CN9(VZJ><'K[T 5I4#+&P/W3@_-3T$2
MQQ[X&D7^'.<&@!B(OSM_" /XN11L!*%3]T@()'S9SC'-%QV(GY(7G[Q[]J0"
MI#O$A!)Z$^M,1)!9W8T\W;Q+Y1;J.OXT6%UV((!BX4] I[TBD6;]6V>XZ^E
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M[%>RFV.;9^&7I6<;Q=F5)75T7<UJ0% "?Q4 +0 4 +0 4 % !0 4 % !0 4
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M-LX=N,_A4<TF]%H.T4MRUG%:DD?GPER@D0L.HW#(J'4@MV5ROL29JR0H ,T
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M#\=OE@ZR9Z<4+3H)6*OW@  ,BF!&<*3G@Y]>#0!8TV)S!<% "JD9V]0.]'D
MP K==\=QCK0,LV5C%,;ES/Y,I (7/!I-I;BUZ%+@';D8'2F -&9"5&"/K0 V
M6)28TVY'&?;F@1,]JKZA(B\#?A211?N.Q%&K).2PY52",=_6@-RQ;0*]E>RR
M)\RJ-I'U_P#KTFP(5@?["Y5,J#R,#K3OT%L5GCW1(I &> /7- %N[@>.^B 7
M;B-2P].*2=P(B2SMM]>!CM3NQCB,R,O84 1P))Y_EA06.1CUI(":,,LT:D=&
M(I^C%<L3;&7!!STP/UI7Z%%<D[^1Z=J!$DJJS^F*%W S)(5>Y?:.A_.@1->K
MY**ZGCC&*&!GM*92H)P.*0#F540[&!P<'UH 6UA,TF,_=_E30'9:)--:Q[#D
MQ-R ?X34M6=Q[G01R+)DJ0?H:8$E @H * *]Y#)-$!$^QU.0::MU&G8EC#B-
M1(07QR12$<GKJWT5TY1!M9\JVWFJY6]F":70BBN[SR ?LL!^7&2@YHY9]Q^Y
MV&O+>SMY<*QJQ&-JKZ?_ *J->K%HM;%6>RND\EB&# \MV-'*',KZ%>]_=@$E
MMS="#WI6L.['V6H36D;)"58'GYAGFI:OL[#3757+8U?4"^ L6><?*,4VG_,*
M\>P/?7K,K@J&4Y! Z&ERW5FQWMT$N)=0U"0M+Y>7&T[>O6JC&RWN*ZOHB.V:
MZL[F-Y S+%G ;_ZU)Q!21UVBSFXL?,/]\CO278&:-,04 % "$X&: ('NXT."
M'_!364JL8NS&E<3[;#_M?]\FI]O#N/E96*$8=!D^YK:PDRQ!)O7D8-),&B<5
M0A] !0 E #2@+!B.10 GE1\?NUX]J5@'@8I@(ZAE*GH1B@"K8V/V2(JT@D);
M(;;C ]*E0C'8<I-E=(XK&]>2=02^2LF,D#N/6LI2<)\SV9HH\ZTZ$MQJ421$
MQ9=NGW3@?6G*JK.PO9N^IGQ!IH;:%H[A1.Q:3((P/?VP/Y5G[.5W?=_E_7_#
M%.?4U[6W2TMD@CSL08&>M="22,=]RI<1+-K$!V(3$NXMGD5G4YFXQ7];&B24
M+LT<\UJ9D4UY! ^V63:<9Q@U,IQCN7&$I;$B2*Z!E.589!JDTU=$M6=AV:8@
MS0 9H ,T % !0!@^(<F=%S@;,_K3Z(I&&<%LDYXSSZ5-K#$3:&4\8]JH0?Q%
MV[-U% #G'S'' ..*6XQIRJY7-.]T(0_<&0<YP32V 0#*Y!Y%._<!^",,PR!D
M4@8XX51N /'3THZC$/W3[C.30 ]9&"A@<8.,4@%8YC/)Y].@IB&?Q;2G0=:/
M08P+L?.!R>E A[A"%51R3R/6EZ@,*$,0>"#TI@&T':6X[X]*8!$=F%ZK2VV&
M2O%N0LI^5N1[4+41 08GRPXQCZT=- ]10X8L"V/3VH'<E!X3"\8 Q26P#)!P
M,#KG\:K9"&O*=I56P.P- ]A&8 84<$?E2 0LWEGVH$-_>N@7I[4[=PN2)$>0
M>N>]#>H$X@V@N[ *#U/I0%KD$UQDE(20@_6E8=[;$)SW'-.PA_E_,<94<=Z&
M!)A"3\W('O2 =@!3M.2*3 C?)(QG&,]:$ X1L5XP!CKTQ30M1-N,#I@\4#N-
M*ERF!SCIUH6X%A$X^4<T[7 C.T-EAUYP#4]0%W&(]@>^.]#6H7L3$@VZ$G /
M.0<4"Z@ZMMVD_*H_.DAW *KLN,=AGM3MH 1L4N&1CQWQ0X]AB2C)! P0>1^-
M/Y" CG(4#:"*6K 8KD#';.:?F.Y*H!<$-GWI>2$-:-BK>Q)IL=R&155%!Y/&
M:6@K#HRV<*<_055NH$A7*'Y>1UI+0!K$[1QWX)H#<8244K@Y/)YI[L!#M5V;
MIGMTI *!D@XZCK0 FULY [4V%Q=K9!+?-G&:6@#1A20W&.PHN Y)",-C(]A0
M&@T(3&"!C!Q56T 5D!Y'R@G.<=:0"!=SJB=5YSZT+<!60X.YR.?PH228:D8Q
MNX?.>RBGZ /81ELQAP1U-&P%J!T8*F2QR2<GI4;:H9,2$FVY.WOZT^H@<H$=
M<%CDXXIZW!E6&55PV"J8/;H:/4-.XZ&=!)^^B,H[$'!H;?0+(CF9%8^7&PYR
M,=J+W#;J1QG[27WD9+ <^U&R#<5Q^\.5V\X!/3%'0!7W*<#;AACGGFBX%.-C
M'-SV]*!%JY3,8*-G')]J- *X<[1@_7-&P%URQL)"/0Y^E)COU);+1YKN*%X[
MB-/W8;9@G\ZJZ(N^@\6$$,-SOA9I8B07#<=?2A/I_P ..UWNS-;#8 '<XXI>
MHQUO</;,^S^)"#[T,8AF;: F=P(Y-%@N+NZL5!!'ZT6 CPP"D=L@"F+442;<
M_= R>: ^0TR;2S,0?2@![SLS&7>"<YW4@">59"'+#?U..XH2&P2YD57@5AM?
MAL=Z7F%^@^*=XUE 4%67YE]<4VNPM"%;6.;3K20>8)2S%B?ND T]+"O869Y7
MN]TTA=N 3CBDD,8I4-@]^]%P%#<?* /6F'46VWB]BD0_-O'_ .JI:T!.S)Y_
MDNPH&TAB&!XP:8"3RX.&;CUSF@9"C!I/88XIK341*\FPG:3CVI 119DFVY
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MT^&']RG8-1T<1WH1=N&4@C*^E)I7'J32B]GG:3R5?YLEU/!S32MU%<2>RGF
M'F-_N@460:C(]/9;@ ^8H([4) KDT=F AW"0Y]>^*2:0]R06X3&U"#W&:+W
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MFKC3L(DDB-LD0D=F'>DKK<>CV)ZHD* (VDVSHF"=P- TM"6@04 % !0 4 %
M"4 &* "@!: "@!* #% !B@ Q0 F*0&/J=H8+J*^A^\C\EN< ]<"LZJ]QM:6-
M(MM<IKJRL 5((/<5HFFKHS:LS$U\XG0=BG([]:;V*B8A)8JF,=1]*!L%0!Q&
M0" >U AS,&W!8QP,<T[,9"V68@C)QV[4K6$.V!%R"..GO3MH%@*XROYTAC44
M'D$ C^=%A!AD(8XY-%@%\P9QRN1F@9*P4@$YY/:C5L"/YEF; /!/%%F*XX,2
MN,8^7MVH&-=R%!8#DY..]'05TA8YMA^[D-QG- ]!3(S KC<*+:@ ;/L,< 4
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MW#6\R8/[MA@Y^M)I[H/)EF1$?9-$1C=@@'FGN@V(;J3-PJ;<*, 9]:'L/0E
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ML*1GC(HU B4QY! /!ZBD]!CO+0-L)QD]?J:;=@(I 59@/NXY)/6DA#,_,3G
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M@!K?=-)[ 4R*^>>YT"4@*^D6!L82'D#N>XKZ-VZ'.C27BD!(*8"/DHP'7'%
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MR"/0]*>NP]!0BE^@SGIWH$!C0R ;N"3R/I1<+"!"22H/''2A  QMP#R>N12
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M(\@$=A2O;0&BT*H0Z@!* &EMOWL#)XH&+@$@T"%H * %H * "@ H * "@ H
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M'.1^5)>@F-:/Y"Z@\''UIA<:0!MYP2,47 4PMN*D_*!GVZT["U'RQ$)M./\
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MY(!..U :!&06)*\XXP.E+KN/0L69W7&&QM*EN:&[ 6G"1\[$.>032<O,7+Y
MJ)(V/+3CMCBA.W4+"RJI: F&,]>1BFY/N%D'EKD#RD&>@XHYK=0L 6/',:$
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MIP3BIN O!'2F AC! '0#GB@!%DR3\IP._K0 H<.F8R&_&@ 56&,D$ #\Z '
M8H * "@#-U= ;9N,9!R1T_&F-'&?;7L)BJ,"AYQ4^@[V,^\F-S<O+TW&F)B
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M/'&/6C<"[:B57!'4#!!]/2C5 RU=IYHCPW('IC\*I=F%C#D5HGP!M^;I[TF
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MP & HX"G'/2F)"( (R!C&<"C5#L*P&P+MXQG/\Z5N@6&*HP?E[T6Z *$YSZ
M=!0D@$1 $+$<9Z=QBGU <R;"I5OF SGTI6N@1?@9+I,$@..G^T:A:.S$T03P
M&(DXY/!4]16H=2,L2JD'D5+N,0Y(W$#CK2Z[@1R$NKJ%&.HQZ^M5T$.B!95C
M P>6Y[TOF,4 DDC=@#)/I0E8+C6W[0.2&ZGUI607&-%D GKTQ3:$2+YBY4/M
M&?KBE9#N.)N"P+2Y'./>CE5PNQAWX;<0Q'4GOWHY4M@N^J$+@,#@JV?O"GTV
M%>VQ8AF((\P[E'1AVI*+ML/?<E:;$>=V<D]^M+E?1 .1A(5"=",GW-'745B=
M%<J^6^7L :=E<+B(BXR^>>Y.:FX#FC1B?+YV^],""11O"@ !AT/K3Z7 9^[6
M,+R2."10[A\R3;M7"G*DU*;N.XQD(RX'S56X+0C*@YX)!Z^U.(;$+LPE8*?S
M%2]>H#69!'D#CJ1WIQ$(JHV"O!QD#TH E>-50J0?,]0>HIWL(A9>C8P,'M3U
M8P+,O'// ![4K6T#8GB(:#.,?+S[]:6H$;J-Z@G/; Z_2J] V$,8 .1MQZT,
M Y5PQ  )SQV%'S 0@;STS_>HZC(70IE@_!ZT!J6/-S'DD'.,\4MA,>V0^<XP
M,9 _I3LK:A<B^ZRJV2N.!3 !ED93TY-*]AIB*A"JQ/+#- AI(!5HR5QU]Z )
MXIAD$LQP>_:E899DN7\M-N".N<4)!IV,R[?=G)Y;D8%.S ;$I(7*DYIV9(ZX
M9 H4@9[TGO8>Q):HD:AGC!9U..?RIO56L)*Y([G)?YL=.:3C:Y0CF.8*$)08
M )%&O87H(Z%3LAF5QT#,,$4^F@:]1Y8Q%XRRG:/X32] (6<K"QY/.,T6\@%<
M;9!\W..#0]0%5\R(!@YYSTH2: 0D;BH/3\13Z ,4\<G\:0"J_P"[XR3T/TH6
MV@6(W;:HY_B[&@!KR%TP6Z<@8HL!8TZ\&F73S,F\/'M&3[TG?H"MU*VJWKZU
MJ&R >2B)A@3U_P YHA%M^\#=E:)5.C,#@3J?3CK56CW)U&_V202/.4]LX-'N
M] U&_P!ED?\ +88^E&@:D]G820S)\PDWG!1.M-V6P[M&A-'Y4*A=PD&=RL:5
M]QW\RK(1+L1@>#N(%*PF;^I:K%<6)A2-Q(<$9Z5">H[)&*IZG!'.#Q5"W"-F
M$N-IQUZ\&@"-AM<L$X/O3 >)">-IP#DD=Q1J-:$@9&!*[C[8Z"@&.RA('(('
MIVH6X"949;&?0D4D JR @+M_$4 (&=<[/UHLF%S9THEW!X;/8CC-)[B-T$\<
M'%,0B/N&5YSTSQ0,5T5QAER*!%::%D=3;#8QZ@#@T/7<$22R2)M.S<N>0.OU
MHT8:=28?2C8!: "@! P.<=N* %H 6@!",@T <IJFC8NG95+*QX/I5@49=':"
M%I< C/&*+:",AX2DAPO!]JD8XQL%P",46 [?POD:)$&.3N;^=(#8H * "@!*
M *UQ_K?^ UY.-_B+T-8;$5<)9E>%(RFDH3WY_G7TASF^M #QTH =0 4 (: (
M4+BY=6'!&00.*F[YK="W;E1,5!() XZ51 @4 YP,^M !@9SB@ /(QCK0  ;0
M!Z4DK*P!3 @N6FAMB;6(2N,80MC]:33>P[KJ2+*O\1"GTS2N.SZ$F15$C?-0
M?Q<XSCU^GK3LQV8(^]?NLI]#2!JPTF4*QPN<' ]Z>@*PPVY?&^5B5Z$<?6GS
M6*4[;(GQ4D#3&I<,5!(Z$BG<=V. P,"D(* "@#GO$8+3Q@'&$_'K_P#6H92,
M>#<I7#<YXP:/D,L(<?-D\GG%.VH;"RN64[ 0/3L:=@(&)$A(&%[8'>ILP)"P
M W-GG/3M0'H,0'RV4$\]3GWI]08NTRG^[CH*&[Z,!F-I 93ST)]*6NXO4"-N
M-P& #S_6A^HR+.4W '(ZFGY"V'*VU6W\]^*+(8C$KCY<9XHW"XI5B5 '/?GK
M197$-.5 Y#?CQ0[#!3NP:+ .7: <\&@0[<"0-Q )[=J+=D4&\*<*-QQVHV$&
M#D@YR3D<4W:P#@6< AL &E8!X1R23\V1US0DDQ <[MRMA%7I5;ZL:N/0!^,8
M'\JE +&N3$K<<G\:-M@)9HPGSH!M)&1BAZB3(I<9#!.,C('0TWJ/1"RQ[5W+
MTP.!]*2[!<7RPRG("^GN*;=A6[#&A(&#R?;TI60QZ1O&2Y.T@?B*-]P39>61
M+J(@KB7NW7-*-T#74IS1%"7''/;C%5H)/N,6W+ R'=M''2D._0EC@S&Q"@D\
M"DWT BE@*R*3D=QS0]A)A#^]+*01@D$#M3N.X]X^(\J=J@]*3VN($6&2,8;@
M=^]%[A83R491(-V>],!DJ/&0/7.!_6EI<!C8#<\X[T[Z@&W<H*C@]/K1N!,T
M)VC"%<]2*!7$$8PV9 -HZ4M!V8Z.,,,*I; ZY[U-@V)X&++(KY4CIDT[:CU$
M9_\ 5JIW D@D"CE%<>$P<J2,<G%%[A<?<(#M&WDX.,YZ4T*XPQ,#MVC@9X.1
M2 GCMT 88PQ&3FG>P"/$%SD8P>QI[#*DL;  #) ;)&.E"W!E9H7+%0"#N_&C
MYA<5H?EV[#D=\4]1#7BQ$'!P3TR.32TL.XI="RAMX(ZCK2]1_,<CHJ!<'('>
MAI;"$:,/MVC+9R#ZTDQ#0S]N!TQ3L-"JR[^3EMP)/I3O8!\B&0%%RQ X(I7U
M"Y78 ,5?( XQZTPN(KG;D >E%WW <B83:'S^%+YAJ-)$:CH4;]#0DP)4(V8(
M9F;G@]::&)(Y:1!MZ#@D4*]KAH0,V"P=<@G\Z&+0G&#]Y2 1Q2N GD@C^[3;
ML@(P"CYS\N>>]%^H&BB,Y!5<#&"!TH R[LLDZ!N<\9IZ] )01D@_>[YHW J3
MMYDJ@#.6 P!2$V:$K;$4J!E%QCITIMC21"'#PJY!&3DK2M8 VA90,':.M/0!
MVXY+*HZ8I+S ;OQ$S'DXZ8IV ;(08$#(0N,DT6MK8!)<"6,<[?IG-*WD'0=G
M;<[@>-N,#M3L(;N+SNISPN010D Q<['QU'(]Z+ )&=L2@X7UI,8.!(0NX(.3
MD\]J'9"=R-1QGL>_K3Z #(7)YX'K0!7TX8U24#CKBA!J: 543AF8DY)]*/(8
MT$@-EC][@8Z#VHV$*K8P&Z#DC/:E<8MLQ:XMC&2OS@@CBA["N/N_+*%!O\W?
MEF+ _3%-?(;*S<LK%LG-'H(DC/))R.F*FPQ0 $R!UIW[ (&S( .GIZ4 #YS@
MY/<"CT!LKW+E+21E;:W;CWH%L -Q:VRO(?,R<  Y(R*+=@N2VLWVB1_W;(P'
M&ZC4>C)]F22W(I -QC<,Y]!0[" QELD 'UQVI[#+5I<&W8%6QS4OR Z"VU*&
M2$_/EP._>E<+%8ZE$;A&8[=IP3_.DV%C7C<2(&7H>E4B1U,!#P0,$^_I0 M
M"T (>E $<L.]6*G:^.#[]J ) ,4 +0 E "%001ZT 5[J -;.J*">H%-,#FQ8
M;[PJ5X[_ .%-NP%N+P\DCEF^0 _=QUIMB-JQM%LK80IC )/%2QEFD 4 % "4
M 5KC_7?\!KR<;_$7H:PV(JXBS+\*%CI"9'3_ !-?1G.;RT /% #J "@!#0!
MAQ>. RX(!(SSFIUN6_A)\U1 9H ;)(L:%F. !0-*Y#:W'VAI& ^0'"G^=2FG
MJMBI1Y="PP)4@8![9JB"$QS%BP<+Z =ZJZ+3BAZ(40*6W$=S4LENXTP(>6&3
MZG_/M3NQ\SZ$(M?L\[SPY+2$;PQX 'IZ5,KO5;A>_P 3+((_*A,FPZF 4 %
M"T % !0 4 )0!S^OC=>*H.&\OC\S2>Q2V,%U"KD'&!T]33 FA<HN!D#/&:+>
M0%AST;<V[.:5NZ&.Q%@D,2!R?6GMT%J-/ED$ G!'^<4+N"\R,J.,<XSFF%A.
ML:@OMR3T_E2N"'2] ?;BA,+E>1L%<')Z4]1D5Q,]O TJ*"P(.#TZT:AHC/;4
M9F.=J8] *6O<5Q9=2GD&"JC@9PO6C7JPNNPD>ISH<X3/3I0[]PYD-^WS$8PI
M&<XQ1KW%?R''4YP1@(,'/ I68[H0:E<8VG:03Z4]0N/&IW '"H!["E9]PNET
M$_M*8\A$&.^*+>87\AO]HW'\6T_446"X^/4YXB?D1N<X846[!S>0\:S<!<;8
MR,^E%FNH<R[#9-7N'&,(!CH!3U[AS+L.&L7'4)'TZ8-+7N/F785=:N%*X2/(
M.>E/7N',NPIUFY? V+U]^:5GO<.9=ARZW<A.(X^FW.*/>6S#F78C&LW(.0J<
M^QHMUN',NQ(^NW$G+Q1GMR*'S=PYEV!==N48D1)GZ46?<.:/88^M7+MN*)G\
M<46?<.9=@BUFXB;>$3=Z]J'%OJ"DNQ._B.[DY:-.G/'6E9]6'-'L(GB&Z52/
M*CP?:AQ?1AS1>Z%'B.Y!RL2 ]\46=]Q\T>P/XANW*[HD.,8R*'%M;ASQ[?B-
M&NS)(S+#&2W)(%-*2V?X"4H]A&UVX8%?*4?GQ1:2ZCYEV(X]:N(A@(G3TIN_
M<GF78E37KF-2/+4YR>34V:ZCO'JA@UJ<-GRT//&>U/7N',NJ%76Y%^];QD\]
M:/>[AS1["C7)0H40)QGGZT>]W%>/8B75[K><\CN*7+YCYP_M1\M^X7YL=33L
MQ71(NL7"($2%1CC%+E;#F786+7[B(@+$I'H3Z4.+>V@775#D\02QLQ^SH<L2
M/:BS[CO'JAX\22C.(%R1CK19[#O'L$?B2Y0J3 I([^M'*^XN:+W1./%MP.EM
M'D\TK3[A>'88/%5P&+&W3)[YH49=QWAV'GQ;,<DVR9/4T*,UK<5X=B%_$TS*
MRFW0;O>G:=]Q\T.Q&OB*90<0+T Z^E/W^XN:/81?$,Z$%8$X.>>:+2Z,5X]A
M&UZ4QA!"H .>N:5I7W'S1[$MEJ,EY=,A58P4//I5)M"N70,#. 6'?O20#R65
M>> .]-=A@K 8\W^'IQ2>X" ,]T"JY'3!IK46A8=O+D^XO/7)HN"()1& S G&
M.A[TV.Y"RC9P!@#BBXA4X 8N<@XHZ#)=@PQW#'0AA1<5AK1(J[H\8[\]Z5]
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MXZT-@1K<*S%=Z\=@>]%W8":+ 1SR.<4"U)9%#VI [G(/O278"[I>HRQDAFW
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MZC#P2RX8+UHL!MV5V!'&ZD@X&[%3<=C=@F65<KR/7%%[DDU, H * "@ H *
M"@ H * "@ H * "@ H 2@"M/_K>!VKR,;_$^1K#8CP?2N(HS/"T(ATW:&W#/
M7\37TC,#=%(!XI@+0 4 )0!!(=ERKY.W;@\U$MTRUM8EQNP<G'\ZLD<*!"T
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M"H=XSP*6E]!W[BBY((,B]^HZ4^@:#PQ"Y'4G.:+I]1#'&T@D;0<D4[!Z )7
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MP925*%<G]*$F%T;<:,MLH+;2V/:C2X^AN:9<KY>TXY.*EZ.XC2IB%H * "@
MH * "@ H * "@ H * "@ H 2@!,<\@5+C%N[0PP/04O9P[(+E2SBC@@5(U"C
MT%7=B+(I /%,!: "@!"< DT 5F5I;B,LNU5Y'O4--OR+T2+-60'2@!"P'4T7
ML (ZN"5(.#CBDFGL-IK<=3$)0 A8 9-*X"1R+(@=3P1FA-/9C::=F.S3$+0
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M3\KAMN+;J>53J.2#2\P]1ZQA83O)4 9'% /4BE(5P)  %Y)Q2U286(&5=X8
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M3&<E+DDB*E-12:V9=K8R%H 0T 1.K*XD#' &"O)S2>PT2*P(R*$(6F M "4
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MGV]JF]GRCZ7+&15"#- !0!S_ (@'^E1Y)QMZ?G3Z%(S Z$< @[>*%YC)'(;
M  VGK2U#8:/WBE6Z#D$<"FA6(HQG<%8?*.0>U" 50 RX;!ZBEI;88YRH/.TD
M#&2>]- ,0$\X!&>II 2J2 0< 'CCK18",D ^A Z4]4!4U!@;"4'/;'YTP97T
M@',A'08J24:KKN7(Y  .*97J(8R$)8]>PH0AOEMM9R>_/TH2"X+@G(!4=<&E
M88H()QN(_6B[0"@E5XR23S2\P)MP(CP?F'6A,!S,")&1?FQT]?PHW8#HU,8V
MKC. 3GM3%\A&4%UR"G&3Z4MT/;85( Y 5AQSBGT%JA3$@#8Z#I0M MJ B.0
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M'HRY/R\]N*+,5A&^^<XQQTI6NABH@V,V0#GFBRVL(>T?E@E3DG@>M 6(G#;
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MAQD>] QL+DY7)]1S0+6P]B%8)D[2,Y% (NL1]GA //<XHV5QW*[@R?=X(&0
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M)9YM3C5I'<8)VEN.E$4D#D]CHYES(IW8R,G'M1IV&4T;S&6(DKN4KR<TK:[
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ML.RCON<U)(\LA=SN)]:"0R,<J#0(4@'D# - #1D8XZ4  Y!SP.O- !D9X[T
M*6XQW^E #3S^% "X& <]: &GCB@!0V%*=LYH ,?*3Z=J &@]..] "]>G3'-
M"KCC.?K0 JGCGUXH ?&A=]H'.:!';:!HP@19YE^;JH(IL2UU-Q@50*GTI,M&
M;=$NX4L"%'YU.^Q3T&1Q"19%4 $D;0*=[:$[#I0L5L8(UST+MZFBZ&5B%WX!
MR"*5[@1M$J [<=<CO3 DD@!3=C^'(.*:5MT!5P//!Q\N...E%@&%22KI]X]
M:>G8-A%>1=V]1R*278!ZRHFTG!( SVH?H%KC-T>V0@\ ':#1T"P@ 9HP_ ;L
M.U%FD%B:+8L+C?MQD<4?(!(G9)E0G"],KSFE8!ZRJ0)&!7L2.E#OU&#1[W9D
M 88X.?YBG;R)V&C?MW?>Y^Z*.4?J,>21,G:"3^E/EUV&1K=3L%4D%D/'_P!>
MERH+V)S$/-7.TG/;Z=J&(,%Y>$P.!R*>JZ!H1HP69HP05!H7D,%C&[ID 8X[
M4.ZZ Q71RJG;E\8XII=!6'M&!:O\Q^Z>??%+8$<]H9QJB[<_=/\ *FB3HI&)
MM&.#OZ_A2L7?N4BH.W;@Y&:JXB01J]L6/ '&W%*[>@%*-A$[*0<'KBD[@BT#
M"L3L"VX\GC HN"7F.WYCX//;BFO4-A\)*IL?L>M+IH!$R1L[$AF8=!VZT[B%
M8YD7Y<8%/496A.;N5,D\_+FI"[N38RV$4?,.A.:>HMA2<R(I4Y(..>*0#)ON
MGY<C'6@97:-BGF#L0"":-!#^I^4#- "#&/<=<T#%P-PQQQFBX@93@\#K0 SG
M;G&<T * %887M^5,!P!9@<#GTI!H 0Y' QU]:=D ;=JMQW],&AH!<8(;Y<XP
M12"P.N0"2/E[TN@[=QY(RLI;=+DY&.@[55["MU9$5!ND(. >3[TO4-BP !*P
M XSQ1H-: +=N2I^_^E%]!:C0&'WCR/UIV: #NY"\#Z4K !W%5&0"<D\=*/4>
MHYE*\#MWH 494]P3QBBS8$4I"Q%LX(YIMM@1K\ZJR ^X/:A)BN.BADCB:8R@
ML3P!R10_4-;@8I"S$KD^])[;A>X](2"N!D$=J;:L!.2" .I/0 TMAB1]3D[3
MDYH E*A0I*#YC_G%%Q &8(4Y,;#(R>11HQV1$H:,KO\ P;%&B!%E#O5CA2<T
MNH6&/ '&<<CC&:;$T5H9&M9U4O(D>X;U0\XSVJ913UM<:DUL=/INH179,2%V
M*#)8CMG^="3[":\R_3$+0 V09C88!R.AH KV$<D-LL<LGF2 G<WKDY_K19+8
M->I:H * "@!* $;[I^E %"N:Y9G>%$(TE"3D_P#US72T2;RT"'B@!: $/2@"
MK)''=W"@G(A.2 <<^]3>[L/5(L;5$@;'.,9J@Z#Z!!0 4 % !0 4 % !0 4
M% !0 4 )0!P?BC_D.W'^ZO\ Z"* .VL\_8H">OEK_*@">@ H 2@#F_$(S?H,
M_P  _#DT/9%+8H*FY-H4C )]:>J F5@!@IG>:74!K*0P5,G(R<TPN-W$$Y[<
MT*X7)HT7 RN<9R/2E?S&,!(; &W:><#FC<6P_<=@+C)![=J-]@!VW'/E@9]1
M1T#0@"?)DX&WFC0!ZS [@QR?\\4;=!LE0QY 48(Z?E1=6L*PJ*2QD''K1;H
MX-O&  >!BA;@T-^;RLK@*#G\,TOD.X,P!5\G'4 4+;8!Z,Y10[YQSBCR D9=
MZ-\V<]@>:>O06I#&@4X()*GZ4*Z&/?)0!<D],4!L,*L9(T16+9&,<4["VZEM
M8TM$+3 /*2< =J7S"W4@DS,[.QY(QGM0!4E=S-E1@>I[4QCK:-YI0F/,SQ1=
M";[EMYK73$V[<RD 'C@4GOH"74I$3WLA=V,</?=Z4674.:^B*6J:L@B6ULE*
MQJ"&/][WI;A91,,DODL<GWIDC0<9]Z #H,XXH .<&@ '% "'K0 4 +]: %X*
M\ @T (,D 9_^M0 F,4 )D>E "^OK0 *<'Y@/QH 5V#,VT<4 (O"_6@!R@LP'
MX4 =/X<T=9'^TW*'RL?+GNV:>PMSL0,#@=*0RK<S$2*JG*]3BE<9!L7S2RKD
M,<+CIG/>@+CY0EK%G@2-P=OK1HA^9FDD_,1GU&*0"&(X5A@'O@^]&VC D^4G
MI@XYHNM@))YE\I<LV0 ,9X_"C0$BNP0Y (!/%.+0K$+1E45E V@D470P9 L7
M)].>U"8$8"/PRKR<BKN(B7A]F-P![#I2T6P-#F\P3=, 9"BINABR*0A"8 )R
M ?Y56@B/<=P#<'M[4AW'L1N4J.0..>M.Z3 <LL@!8KC.,$=:/Q ?%=MM82)T
M/! Q2V0:%A1%*RMM!#=<=11S7=A6(UMH1(^!SGTYI\P#(HW$H+[2%'3I2T3'
M?0;*/E4*"H )PQZ4TE;0$,C0[@X(ZX_.@"6-]LK;>0!SGCFAV E10,%?E/<^
MM2Q#KET2&4(,C:>O3-.VXSEM!_Y"8P.=K?RJXDG3(PVA<\D=^U1UV**NWAU8
MY* [2!VJKZZ($-$C1S@[^O4$<$&I:UN!#?6^UR0/D8\5:U5Q$"R83:Q)'3IT
MJ;6V&6E&4&W'/<]J:U FSR<8XX/%(0QAB167CG)&.N*H=[ S"1P N&/7VI7?
M8""*/9=R@GG.<T;"' #.1@X[@T7N,3Y?-4\@>U(!DY=(\!OO#GZ4P(VP8NXP
M>*3OU$*N-H[#ZT -[Y%,!W)/'?KBB["]A?N@A<@'BD T  ?7H!3O<88.\8ZD
M<T"%&>NWGI2&( "<'.*&*XNXG/S9R.] "8)7.02.<]Z/0!1R?F'Y4 "_,I]J
M.H"11G[5D\\=Z- +<*EIV#'Z4#%*JH;>,L> <XQZTK*XT1!3N8MWZ'':G;LB
M1OR\$GMBC3L.PX $8(X'2E:W0!W)'X4V W)4 ^@XI] $4ABH?[N?R%"]!#6#
MP[@CG[W!%&Z'JNA9C,3Q8DR3G.>*738+"Y0*Q96 (Q0]'L%O,/,5$(C)4$=/
M<4O4!G.\$?7/K3ZA85%R&;DC))IB)1E5"L>1^E($QP4,&'7BEUW 0*O(;+*>
M!STIZ7 @9)+9MZ E"=V#WI67<+EZ,"XB=XCRO- :E>2-9XP> 0,@]JJZV!CM
M,O&TV[=9 QA;@@>N>M1)6U0+5'36US%<Q"6)LJ:$[@]-"6F(JZDVW3YN<94C
M/I32OL :?(9;1&9RS#(8GU'!_#-2G=: RW3 * "@ H :WW3]* *&:Y+FA0\*
M9_L>//IZ>YKK9F;HH <* %H 0]* *MHVZ:<[& W\%AU^E0E[S93>A9S\X7!Z
M9SVJKZDCJ8!0 4 % !0 4 % !0 4 % !0 4 )0!PGB<?\3NY^B_^@B@#M;/_
M (\H/^N:_P J )Z "@!* .>UX'[:&VX^0#/KUH>Q2,^,,GS!@",D#THT8#2H
M.<,<XR13VZ#U%2-U+,6)+ ]*7D+4>F&8 KG')/KQ3=T-B@J _.=ISSGI1J"8
MPY.XL>,9QZ4(!X/[M0<@'K1\P] R 0/FW4M@\QK JKJIX"\^]/8"/($;%U&2
M<XI+U L12XVD@?7VI.S6X$^.H ^7L*+^8B-DVH-H*GIGZT^@#HRW3KM_EWI)
M1N#*T!6)A&Q+*_*^E/2]T"+5L"WWE P2,FAZ("?&U20V#]:3L&HAV84COU.>
M]#'86*W:YEV1G! Y;':F)Z%N>2.U0QP!=XZN>M DC/P'+MN)8'//4TU>Y6HG
MW >Q]/4T:W$.ATV:9VDE(5#R<]*;\Q7%O+ZWM(Q%:A2P/5>II:O8JR6Y ELL
M0;4-0 QU6,GK232TZD[^AB:MK,MX2B91%X  P *FVNH[V5D9.0!GFJ)#F@ X
M]* %)[#IZ4 )FF E(!>U !B@ )XQ0 HZ@XSCUH . !_0T -Q0 =#0 A_(T "
MC<>.PS0 J_4YH <JY7(//H* -C0M)-_=#>I\L'+<]J>PF=[#"D$*Q(,*@P!2
MN-:!*S*HV\DG% RLT1 4G'RMR#R32L@&EU@ :4[99,X Z#T-#T I>:S*995)
M&21CFBP_4>DD$T856_>AL_4>E)=F%AC^1EG0X4'I1N@28-&?+5A][!) ]*2=
MWN/49)DL%/..E7J^HBO(R[P#D#&2,=*+/0.A"2=AZCGL>E #M[;2%XP<4K "
MRC8 X^;IN'6FKZAH)$I;#+VR.M'0+"$^65(&[MGN:%KU#U$.,Y=>,9P::;0#
M8AN).,C.<4P#^+?PO/2EOU G5?,ACQ\S+Z=Z7J ]N &  ;OD=*5N@*PQG1F/
M8DD;E]:;O8!0\B*PD7=D9SWH7>X:#]JRON#].,9Q0VT@U&L"JD$;F'(S3OYA
M?S&.C%< _+TQW^M"]0]0&[;(HY)Z46$3 [0H. ?3/2DQV%FC9[>1OX=II]-P
M1S/A]?\ B:KC ^5NOTIHEG4,',^ F2<D^E+;88MQ:,J^9L577CKSBA[6; HS
M+D>9M!7WH3065R2)MT"QO\PQ@@]J%N#*%Q;&-2PQM]1V]J;L@(XI6B.T-A1U
M'K20T6XI%9CC*CTH?H%AW^L(/''<4 P_BR!T.:&!'C]^9",JW/-#!B]/F3 7
M--;6 14#L>1N]?2D@*]QA92H?=CO0GV 9(Q"%/S-%A#8%=E ;\Z:0$B@YHL
MF,\ G@=#2&.9.,@G=GCWIV$ !SMSR>PHL%ANT@YQG%-: .Y!R0>>>M !@;LJ
M,'&>M*PQ.3PQ/7B@0'"<D'@\XI:C$!4J<'!SZT,/F.R!G?DT"&QW"_:$  S@
M\GKBC5=0+EJ29NF3SP:+::L9# OFF9F)*J^-N>M"V$V+-N6X95)V!1@>E&@[
MB1CY=I''UZT?,0JC!!V^^,]*'H,E+ %AMSP/QH5@&R!=J@@C\>M#:6P#& (
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M!XR"*B46UIN-.VY&+ATO1',452F1SWS2<K-79?+>-T6@P/0YJT[[&>PM,!:
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MD%,D#0  \4 *>: $)R>G:@!.: #FF <T@%YH 6@ QZ4  'US0 8I@*1QGM2
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M?48Z4]0T!A'("54_*>@]:$VM1?,B*JJN!N!4#([YHN/3N*QA50'))!.X$\4
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ME X/S4UN HCA5?NGCH!S1=O05A9=F."P8<XHTN,K#EM@/7U]:-$@)"H7!(R
M,X]31?H(:[QR',@(V@@+32#1E<@1PR8'S$'G/3BBUAHR]!Q_::Y_NG^5-$]3
M;N)?*D/E,5;^Z>A'K4M>10Z*^^;;=1#:>=P%/EDMA:,F6*WDDW1G*X.%'4?2
MDWH.UA9+= -J,<^AXIVTV"Q5$"$9FF3DY*D\BFI10FGV&M80MY?ESH6Y')%+
MFC<'&16^P7409HV#;3V:GH^H.ZT:'%;]1L8#:W/W@:.7LPOY$;B[5OF4+T'8
MT6L%R?R[MD&P#D=C2:7<=WV&S0WJ1AC'DGD'O^-4X]+DW$1+Z4!C"<L><C%'
M*PYD.6UO<D!5 ^O6AI7W'?R&R6EQG#;".HYI)>87&-:2'Y=GS]O?BJ:Z"U)H
M8KV%B@6/#= QZ5/S'=]AC6MR"2WE@YP<&GHNH)OH-:WNQ(5&TG.6 :EH]F#;
M["JMTD;1^4=K>HYH^8KH;))<,1NB V],+0D^XW(@)N"SY!);VQ^E&HN8&N9-
MIW*#GJN*6J6X[H8=IC.05;H *8KCXII43$<B@-U!J6D.XX7KDKO  ![=:+^8
M7+=J\5S<A90%4# SQD]N:&[:L+)[#;FS\B94_O$[<4[A8= YVC<?EZ$"D!)#
MY>#Y6[&>A[FB]PM8N6UK*S;64J#\P!ZT-(/0M3QV5M"X>5?-(RISS0VKC4;Z
MF7_:@C.(T!XY/2BSOJ&B(/MLOV@2>6/0"CE=@NBT-0A,!2:-MK\D#V_K25TP
MLB&TN(DG(\HB,D]^E5JQ61>^TQJ6 W8'W>*6NUAV0T7<1"NRL.#D!>AIZWV%
M9%.28O.K1ID <@\9I,>B))KR90P2,#(&,\T[/H&BZ$%B&:X+OA31L(F\W:<\
M@9R*8R5'8'*ON'UJ=+!J/$;AQNZ#)]>M $D8 4%<\XZT=1#2=I#')'H* $1E
M?.TDX.?K1LQDI&<<D'KC\*0#2%)[>F: :&,P,@P1Q1N(<V?E8<@\&GOJ"$EC
M(0E/E8BFK6&K(VM(W'3HMYR>?YFI1++U, H * $H :^2K >E)[ 4_LS^H_.N
M+ZO(OF1,G05W$$R]*0#A3 6@ H 2@"$1@7AEW#.P+C\:EQ]Y,J_NV)JHDBN(
MFDBPC!6!!4GU%)JZ'%V8D4X9O+<@2@<KFIC+7E>XW&VJV)LU9(M !0 4 % !
M0 4 % !0 4 <%XH)_MRX^B_^@B@#M[7_ (](?]P?RH FH * $H P-=3== Y_
M@H>Q2V,]&5 N6 '(SCH:7R&#329&P<'U]?6G:[!LC,;LX#Y<#MTHM?80K?+'
M(V-K@X '2JL^H#=Q!^8%@1GBI0R8J5B##.6/ QTIWZ"),#(D7KCGBE=L!?*+
M'S!G!X/O1?I<+D;@@CEADX-,+C1GHJ\CMBA+H/0#@ IL^;UI:"%VD$8!STS3
MN@5AUO&YE CXR,8%2VF#=BWN2S(RHDE(SM'.!ZFF[6#S95D,DGSE@Q#?C1ZC
MZ@\C(4 (P1R<_I2W0(FM;22?$L\GEP+SD]_I3=A<S>PEUJP7-I9*2N, @<DT
MK=BM(ZD$$4%M&;W5&RW.V(GG-4[)$:S]#"U?5Y=0FZL(QT6IMU93:V1F9ID"
MT &>* "@!10 ?A3 #D]!0 <T@#F@ H *8!0 <XQ2 .10 O- !WS0 XG/!!&*
M8"<< #%(!5!)]Z -31]/>\NE01G;D;CCH*:[BN=]:VL5I"(HE  _6D%B:@9#
M(X6(R*>%//YT#'QE=@VCKS0(-H!SWZTP(TE=F/R84?K2L/0F/KB@09H 0 XP
M<4#(I'(#=1C/&.&]J8&9+%YDA:(@'KM!P:6G4>PJQNRNKQD@+1L*]R+ !R,C
M&.<XI>0[C4E8DY.4 YSQFC;09.LJ3%B^#GIS0FTK"$,6V,MO7*GD4Q#0AP-Z
MG@=NWO2ZAN-E0Y9?+9.^WT%4%PCA!=&P5P,D'UQQ2N!)Y($!8 /@'.3@@TOF
M/89Y2NBX]#PW\J$P)!93 $D[5)]<4W9"N0<Q+DODGOUI70]1FU2N!C 'KT%+
M86J%0#!( V@<G-4GKN.Q%,8BI=04.[H#T%-MM:@5L_+F-2/>D]=QDA9V,9;!
M9E &33V5DQ$$_P"\3A=O/6CU87)(XBHY&Y@.H-/;8/4554*QR6)4G'<47Z"N
M0S(S1LS9W;3].E%M!IF)H[[+\$C/RD8S[41%U-Y4'!9MW)%2F/4)L(0P(V#@
MU6^H-!&JY0*I#CI1IV L"615;C>,$\]JEJ^P$#/#(@_<?-(1D_K3NQ:#O*LG
M;[F"OIQFB[[!RC#:I@(DA&>?6GIV'JAZ:?*L>X2J 3C!%+05Y#6LI1D$JP I
MJPKOJAA@F10 N#ZKV-+R8TQT#7#1<2%&7J3UHLD._D6VEN_*9I[AC'C VCBD
MHJUQW?1(I.\B2&-)QL7&#ZT:/6PM4-59\[O-!.[&,9S3Y>P:]AC272M@.<Y_
MN]*&@N^PA^T,<G8W.,CK3L*_D!60X\SG/IVHMI<;9''YX60R,P+$E1CJ*+"O
M=EV*^**S2;E8\' -39I#T9(-0@*LC$88<';R*-4&@D5]'PI(..Y&*%<3L,GO
M+-B3]G0Y'^33YI=Q\J(O+LY$!5 ISR :?-W%9=")[!&!$3X!_O4]!:E<:9*W
M\&X+UP:++N)Z$<BS1(R+N'?!'4BET'<FLS<O+$]RQ 4GEOIQ2MRCO<MGY(@5
M4 !L\T7\P5B3;<6S0S$I&C'[W7FAV:U8$KWSLRL+Q,CH0,<5%H]RG?L5KB.-
MB9#=+(PXQTJ[Q6PFF]QT*V>22[X[4KI=!<H[=98((DP.A/:J;\@MYD$Q@95\
MF)OJ:->P:=R>62("&.-<,0-S#KFDW=!8MYB#C<Q4^_?UHND.S';(</@;N.QZ
MTKARM%1%'G!WCPOYTWN*Q)(+92_R@*#US2N.PRT57B:6/@%CC/>FQ6% 1B#C
MC<00.V*.;2P6(W4(V0/+;_9I@KK8D5IP05F7(/\ $*FR0]1R74H&R2(,,@Y
MZT[/<5T-^TP%SM?CDD-D4G?J,= JE0<A_FQE3[4KZ"V),29^1N,_Q4^H7*_E
M3[N77).<@47UW#4E\AU <\@=J+KN%R1I%15WG';%*XR*XO%6-77YU)VGV]J-
M]4,WM'8OIL3E0N<XQWYH1++U,04 % "4 (<X- $6: *Z2-$OSKD>U2]"MRQ'
M*C 8--,5B8$>M,0$XH C:95 (!;Z"E<=A?,Z?*>1FE<=A5*L=PP>V:H6P^@0
MAZ4 036^<R1G9)Z]CQWJ91YE8:E;<@ANY8H@U_$(2.K*<J?I^%3)N&CU]/\
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M[ ML!+GH>PHV%=%J6VDMX&0(,XZKU-*_F"*4MHSD?*5)YQ33"Y( 'U-2RY
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M@R:&(FG;9HAV$#<>?QIQZC6YSUW.T>BX085F()S22U8'.>],D/H* #TH 2@
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M20%(.?O$4@T+"0@*2S#U6AM6U$(Y)(<=2,X% "2JD*EP6?(X"]#0Q[;B(RO
M_F*0R-P"*:=G9B]!D>)"V>=O3(ZT#';5BC'R=?K2V"UR":8CA5R,$@CO2L[
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M #1;0/0>3CY6Z@<"D,9)MCMVX R1C/UH 9E%U-F+#A1QZT=-@&QJ-C%<??\
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MT(%H 0CB@"%H/WPF!.X#''>DTF-/H<%X@E,NKSNR[6X!'_ 10KVU!Z'H4?\
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M[L<YI@7+:T>:0+&"21C %,#JM)T!85$EV,L,$+Z?6DQ&\!M' P/:D,7- !0
M4 +0 E !0 4 % !0 A4'J : *=Q%F8N!\O&ZA[#'-$4E#Q@\>_44@'-(VW Y
M/;FG8>AGD 2%7')89S28BT-QWLK+M#8/&<BEU&+YFR%V0X.[H!TI^06)(_,(
MWL!@\':??K1JQ,1Y@J$APP+8YZT==!V&3R%@,  Y_(4@T1&L9W%F.7)&,=!5
M/07J->%BNY2JHI/S=Z&]00U+PQ*?, 9#R>.:FW\HR38ETP:$CIWZTT]=0U1%
MY3@G[I9%^;=SGFBUM@&S1[0FUL$C)^7&*-&@V)(Y/)0<X('!!ZTK=@7F,,[[
M1($ 8DY/X4[7T#09#)MM0 0,\C_Z] %1I 97,>,EO3BG89+;Q@L-P"\'.T4=
M"1]S(A&8<A?1O6D/8K^67!W@K@?C35A>A*D"[=X=1CC!':C0:+"Q!MX! P#U
M/(I+4748RJ3\GRL.,?XT]!D9#!F;<-O8#^= ,@FCDDE#8P".M/H%QSP>7:RH
M"'&QB..1Q2TW YWP\0NJ#)Q\AJD2=9#+YSJ6"JBY9JFUMQO38K3RL6R$RI/
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MYC(=G/&1W/M0FGU$!1]ZY&X#IB@+A+$<@KP.GO0WY@1/ 9%SSS1L)CS"(XE
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M&>O2CU&*K=?\XIB&;OF8@<\#Z4MAAC>,[L-W)I76P"1L5!W/NVG&,4[+9#)
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MA+1<<=33Y?,.:*Z#6N=2( ^S8)[K2Y?,.:*Z"*^L"/;Y*$@=2PS1RVZAS1[
M3K(^4+'P.N:''S#G783.KGJJ>G44**VN'.NPQQJV!N0''H<TU%+J"DNQ$1JP
M!?RS\W& :%$.==A6CUC85V*<GGFER>8>T78C:TU,ODPJ2.N#UI\J[AS);(:+
M?4BH_P!'_BI<H<Z[#OLFI(C*(@3UZ]*.7H@Y^Z#[#JCKPB+Z\T^5=PY_(9]A
MU-,$)QC^%L\T<J[H?M&.6RU,0E #@\G+=Z%%+J+G;$$&I;MA0L,Y&:7)KN/G
M-9HI4196RS+RV*+:"N(DERRL%!)/(^;I_C3LNXVQJ7%W\KF)B1P0. U38-!L
MDE]C&QP>IQS0Q*2&>;?;RS128;@ =J?*/F1$[7(11Y<PQQ2<=-A\R0@2[(V&
M%R&^;!XZ46%S(C87)),<,JH!\P!IVMN)22T&G[>I^42A>O!I)+<?.A\<U^&"
M^4Y^7'S4TA<Z'PW5_EMMJSL,<MVI<K"\1[W6IA@QMMH_0T^7N"DNQ5>XOVC5
M6@VJ7SGWI<KN/F783R]3#';!PO8GMBGR"]IKL!&IGRV:($N, D_>I<M@YUV'
MYU./++"O[OT.<46MU#F789--JBYW0(F1D_XT<KON'-'L((]3EA5TCCPV #G^
ME'*GNPY^R&?9=1:8HZ)E<\XIJ*74.;R(EL+]F08!9OTIVB+F\A3I^I('^52,
MX-%ET8<WD-%AJ!/EA &P.*;L]Q\WD*;'4(L.HPI.,\=:EI!S6Z#1I^HF5@(_
MF R3TQ320<WD6(=,NPZ&YDZX &:>B6@<S-8VPB1T216+8R&%)VW$C+O@19R
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M 6@ H * "@ H * $/2@!D)!B0JVX$<'UJ8N^PWN250@H * "@ H 2@!,YXH
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M #'.10!(3\N[/'IBF H"\$'G&:0#Y#C;@8P.<4 "MC)QR: #('-,!0>3G\*
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MY!]OK3?H BQ%5&2#28AR,!NR-JD=.WUI-#(\LS ,#P>,\TWZ!<<8R)-_W2.
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MR>U,-3<TW_CPBZ]#U^M2A%JF 4 % !0 E #?PH I:8 -/A_W: +JT .H 6@
MH * "@ H * "@!#TH H:1.9K4@HR^6Q0;N^*QI:71<]S0K8@* "@!"0!SQ0!
M&)0TI1><=?:G:Q7+97)-HSG'/K2)"@""Y))C0'&YO3TYJ96MJ5'2[.*\2Y&O
M7/\ P'_T$51)W(<ES@ KZ@_Y]Z=AV$DW!/W8!.>A_6A6OJ"M?4>H]L4A"T 8
M>KD"[88Y(&,4^A70JA-L622<<BC= )N4Y9@<!:-F&@%MOW@0W&<4!H3<#+8X
M-2!&<L^.G'TI_,!P49&0?3BF(:O0CG;U(I.XQT@ZDCY,9/O0]@&G+/'\N%'
M']:+ 31N5RH *MC(I==!#<?O50CG)Z&AC$8%?,((QCH3@4U8%<FD;$,)R,>6
M1G\>E)[(+$9D)C<%LA1QCK30-:E*=?\ BG'^8\2 @4+=B9RA.2:!  ".,4
MZC- #PN&P3CCC(H ".<$G.: '9[*.HSFF ]E =>>H''6@0;<L?;TH&.Q@!>W
M?UH 1!DXQ@+[T 2 97D]?:@!0<' H <O ZGK0!W>E8_LRWQ_<%1$;*GB'BP&
M.N3^/%5T XTD $9XJA"#!##]*0"J,]J %QG)QS[4 *N#C@>IH %3+ B@!ISQ
MD=>2.N* #(*E1V[4 (H^;Z&@!^< [>: &CE0,=: %QM8Y  ]30 X$;>>O3%
MQ.0>6Q[B@1M^%L?VFV,\1$?K4/=#.L;A2>M4A''06XDU @[N3T'O1?4J1O7]
MQ::9;;=H5V4A<#G\Z'-["C'J<;<S-DL#NSR<T(&4W?)W<\T"$53NW*<>N:8
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MI8'TSQ1;L!N:8<Z="?8]?K20BW3 * "@ H 2@!M %73UVV,0_P!F@"V* %H
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M>E :G0:<,6$0]OZTD(M4P"@ H * $- #/Q% %32VW:?"<YXH NB@!: %H *
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MW'@G"@GG% "@J'Q_#CC-,!&*^8<X/- %FTBC??N(!4 CW- 6&S0!P2AP<9H
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M !0 4 % !0 E #3(@ZG!SC!H'8<20.!F@0A'()[4 -:0!P@!)/3TIV&E=7%
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MC\*F.PRAXE'^A)CNQJN@CD<XR<>U  1G)QP* !!C&>/:@!W!))/.*  X(!H
M1AD_*><=*!@%(SGIZ4"$/*@\YH  #C!QN'>@!&YP0#STH .2>3C;0 NTJ#@;
M??UI  ^Z, "F [@J!W/&: -OPH,:A*,]$[=ZE[@=3,"8' ZE3BJ6X''Z]=[[
M>W@Y^1!G-);%O1:&$3N4$ <<'-,@&09.P#D]C2 !\H)X(ZD#M3 2,@?4^M(!
MZC*].* "0$!CM)'UH 8HP >.!@CI3 8 ,!N3@]* 'G:Q P03S_*@!$ #<KT[
MT@%/,? (]0* &HI\S(&,T 2-AUR1DCIVI@,[@G\J0!R0&QC' ]Z8@(!9LKQU
MH 5<[D8'OC- Q+H'S#MSA3VI#& ,0=W!XZTQ ,+GOCO2 13M.%4\],GI0!:A
M4B10^0HX]Z8'H6F8_LZ #ILX[4@*?B7_ )!)YQ\PIC1YVXP[#&>?6D(9T!Q0
M F* #KVH .!0 4 *>G>@ /7B@">S)^U1G..13 ]57[HP<C'7UJ0*EXH(^9L#
M(W<]OI3L@*UT$-H2N/DER/84/4:&PSQG)!R,GCTI?(=@DG39QD>RCBJUWL*Q
M79D,G (4\C-2P&2H'5LG&.U" 9"JRM*"V<#(]JKKJ%KDCLGV9'+#.0,>U*XR
M%H0#SUSG!YS3$))"A&UE"D\@4+0"IY& -V=V<8[<4 ,D1HVWJ.,<'M0]P&%W
M [KCTH#0LHS+;*[+CL&]:;V!%M=JH#\WM[U(#752VXDA0,>E/4")!L8H2>O%
M)AN(0RG ZY/6GH LQP[;ER67/6DMM (@V_<-QP.OM3'<B\UO,"QG ;J6&<T;
MZB)9B RLO0<8%*_8"L"8V/<YXQ0!9M+4[9&?;L  4$\@T70#"NR4#D$C/L:>
MEP)59UD QD9Z@4K=@)?+#8WQ@<55TD +;PN-WW0>GM2N)(&LEW [N#0O09 ]
MK(AR"&':FDA6(FA< 9X/?Z4D@(\NAZGIVH:'J2I=LC_-TQCITI6[!>Y(]PK,
M,HI&1P5ZT]5H&A8C-J8O]2 Q&TX..:+L+#I+6P0@JTRY&& &<4KBLUU&0VBQ
MEC#(64C#!J.9#5T/B25(/+5!LZ%O2G8+HED:1(PL@9 <C-*RV"Z'"Y0(P9F*
M@@D4KH=B#9\S,K;T;HOI35A!-&I?:?ER,$>_K3OH"N0RQRV_+J&'3)ZT/R8>
MIT6E9_LZ'/H<?3)Q4H&7*8@H * $H * &<T ,3I0!** %H 6@ H * $H 0L
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MI\*#/"T/<"EXFS_9!Q_?% T>=MUI"&D]>* $/- "X':@!,>E  05Q[T 'K0
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M#'TH$.0D 9[&@!"3G X)H 48[G..U "DXCR 2<="* $' '';TH 7C^'J#U%
M&[X3_P"/Z;/:/C\Z3 Z>?/V>3'7:?Y4UN-;G ZJZB]+#!^48!^E):#92!)W;
MCD]3BF2! *CY<,#G% #5*MD _-_.@!P&'^8@#H* $DW!5(YSZ]J '<%PWRX%
M(!-O/RG.?04P$8#:3C ]J0"@@KRPX&>E,!K!3_&,$]30 ]%.UN<"@!C!BY*\
M\].@H ?_ ,M#@8!Q0 T$N_RCI^= #QP0<8P><B@!@()+<=>: $&TXQ]X]<4
M(ZX&,CD^E(!I&[)QD@9I@("<; .:0$H(1#@@D=:8$MM,5E1EQUXH&CT#3-QT
MZ L<DK4H12\2G&E?\#']:H://),AC[4A#.W'6@ P10 <@"@!* #'&<T !&,T
M *.._6F!8L\&YC!Y&:0'J2_+&@QC@"@"M<,\;NX8C &/3% T10%W.UQ@-&0O
MO5=0,ZV0M&"JG"G:?8U*O>PQ7MQY@DSAB/7@BBRZB(M_ER;6!Y'6FQICLN"I
MPI*^W6A6%<3G=A2126X[V(IT&X# R?K3T%ZC#*'"LJ*AQANO)]:0[(5KK:"
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M#07_ )9_@: $=,<*1BD A)5MP/?@4P&<B/)]0,&@!PZ-D<]Z0"MM0C/0]A3
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MANWX5-A7ML.AA2"-8XD"(O 4#@4R=B2@!#0!S&JZ%=W^IRW$1CV.0!N8@C
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MS-A7)8@Y&!\WO4K08Y\[6[8/IWI]161'P&)9>>,C- 6%4G#=L]#CK3U8Q\;
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MN)5@AC=B64,Z '8#W/X5+NW9%*T=66!"I5 X$A7D%ADY]:I76Q-A^*  #!H
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M&G%)$EVKMC:8_P!:3';N6#+"Y(C9>F#FB^@"QR;5?</F P !_6BU@'P2!W?
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M,E4="<D;J8".R CJ.?ZT *QPVWG ZT -QR"<XH ,C&T9QV)H :3M/J.>G%
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M8!0 4 % "&@"/=0!6T__ (\8O]V@"P[87A@N.M(:$B#-R6^4]!CFJ&R:D2%
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MX@ \=*!BX#$9Z#TH 7('2@!-N3M+8/7ZT .0' W<8Z4" #+G/'H:!@Q]N!0
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ME^,J\.\JQXPH)[T[:!H/CC9SMS@XX YI (R,I"L1G(SMH>F@#6Y)QGIR2.]
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MF@ACSE0>U%@)7(S(/,!'<TK(-4.66,MPV#C!QW-"] L3)(FTJ#\W?\Z=K=
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M9[$[;G8*<@'.<BD!E>)/^043Z.#30T>=ORYYI"&=":8"9XQTI '3OF@!/:@
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M ;S]U@,T *P.[!';O0 <[<8. >E #AN .W.!0 9())S[T@$?.!@=!B@0O(!
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M.^,<@T;K8:31;BB>7#S'!7FC9;"WV QC((8KCL>]#?D&I#YQ5=K-QG&?2EZ
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MZ2YCGEAD926.1Z_2IV&]343)7E=O)X_&@1G>(5SHTWM@_K0@/-W^^?K0 RF
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M * %H * $/2@#&L[6*[O#=N&W1293YO;N/IBLE[TG?\ K4N:V(-5;;J996Y
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M<5$9.70=DA4\YE&\*A[XY_SWJU?J+2XDL,DJ%?-V@_W1@_SHDKJR!-+H/"R
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MY-!"((UC4L0.[')I 4?$"@Z-/D] .WO30'FS_>([YI ,H .* #B@ H * %
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M5AIV=SE=0M/LUV5R23SD=\T1CRJR!OJ4&C^ZR\'&?UJKAZ"[,?*NWUR>M#:
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MU8SG0/@.&')/ HZ#OV(?LYPP8;>./>G<16\HJ0%)&2/IBBP#77!8#'!SGUH
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M,<?K2&*) 7V_E0(?FF 9H 8T@#JNX GG% QP8$9!R/:@0N0*  $'I0 9H *
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M8GYCG/ZTP$(3>!YAR.O/O4]!ZDH&-R1,6&>F/UHU)V0R:VD7!"]?6J"Y2U"
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M7"P>8F<9&>E ["[ER!GD]*8A<XH -P]: $+*" 3@GM0%ACNK+@,#N! &<9H
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MC9C>V4)QDC@?C3?<"\KJR[A@KV(YR*0A>.2!G/I3 0CNOZT -92S#I@')]:
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M 5NX'0TKM;A;L/9D,;#!(SV%&H60WS89?W<A<*!D$?RH3'Z,0$ @ $_B>:-
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M6Q Z[EZ@4;#T[$Z7$I&U9-N."@/&*5@OV1.)Y2/EEVA3SBG:P/1BK=W*#+R
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M.Y(X4D G^E ''=SWI"#]*  B@!* #O0 @^M "T  &30!)$3YB#H : /5HO\
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M<XQ0%BP'7H  * L/)1>, @?XTK!85F 9B1PO&2>M/Y */G"\9/3%#3 CR ,
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MC2,TG=CM(N7DMQ#.Y:9,Y)ZL/7'Z4J<E\*Z"E%K4T>M;$%:_MUGM6# G;\X
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M"S788XDS'D'Y>O'>JYF+E'MI]JQW"%5;U H<V%BN^BP$?*SJ>>]*X]3.N86
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MA3P.U)W[@(T99B[ \<CM3NP*NKH!IF00?F S^="=T WPV&Q,R<=J0(U9&:&
MJ74L7_K0[78]>I50J1(9-V3S0'F1$D!DVC)((SUHZZ@26\K0,I R <\G.:G3
M<#3FN=Z[R%+'IC_"@&B!9&E+* -P'3%.P#9&555W.&P01FCJ"[DOGQBWC#8
M&<8&2?K33[(+7U$#YP!D;AQGO0&@"0JI"Y 8%3D=:+"6@37*(L:*N"O\74GZ
MT#0QI#(RJS$G.02.M&R$QKQ ?/')D^F. >].^@_4C6V#9..#2N(D6%$BS@YW
M8HN !0IR0%XHV>@Q^23C&#GOBA"W%,9W'<5*C-"\@(FCVMF%23SP*?R#8;B0
MDE"-OI4Z7T'?R(G?:=N,XYIV8$<;(JXD9U&<X]Z>H:]QAPZX'3/Y4@9.C."3
M@9]>M %B-BFUF&X@?Y-+J-CBC AL,*>MQ:%@!##M89#=2>U)2MU K2*,!8R0
MN<CWH?D(F6/)=F ^8CV-- 5I(XSR.2>>*$!5(9)2W''&!TINRV&6%VI92C"D
M9X)J0L3D$1)@\G@>]-+0+V$CD?RR,[3CYCCI26^H$V1(=X..>:/(!8R"TO("
MD@!L4!>XL2*-RDD+US[T,!'D#$EASDG\Z+-;@6;>%WC0 87.,Y[4).PKET1K
M&H_>' 7!':AZ *D1\H(=N,8R!0K@4IH##A<%O7'I0,KR! [[>?3-"U!(B,GE
MA=F ^3P?I35FPV$64[R#C'48I: $D?F1D# QWHOW)*4P>"8;0&(''?M3TZ#]
M20JO[LRLV#R<&BP[DD<:$DGE <KCKS1Z"L7[6WCE:6YDS@MM 7@"E<'V)39B
M=?W) 16/!&"#1OJ+8E1)()5P,Y7'TIZ#$N(U1T;<Q#MD]\8]*E@2-&LD2[0I
M?&0Q&#5;: 5;E'W$L ISSQU_SUH0,J39DF=]H(5<<=,4PNA#(6B5> .H'I27
MF/T"W&W=P%!5B"?RQ0(L&1I=/C53EEZ@"A#N2P6S1K+$Z924X.15*RV$BJOA
MBT#$LN<\\&GS*^Q%GW'?\(U9*ORQDL.F6ZC\J.==@L^X?\(Y9;3F%O488<T<
M_D%AJ^&['>P\IP!SC(Y^E'.NP<OF#^'++  @8]OO#]:.?R"WF.7PW9;>86!Z
M?>HY_(=O,!X:L<'=$>/1NM',%NS$3P[9(NX0LQ/.-^*7-Y!;S'KX=L1N_=$$
M\@[LT<PN7S-1H@?+;D;.WJ*EE&+>7'ERLPQ[>]!0U7:.TD<H S_=--B35RO&
M?]+=,_P ]>]+?J,$)<[LD%<CCO3Z"N)YA.3MSTS0@& MOSMZ\&C88FT !EX'
M0\]*$^[$(SGS=J@':,'BDM1Z#G\UU.8B.#SCI3T8KD6]T;@C@8]:/F%P,I:$
MX.=HI;@-W.#T7/KW-/1;!H-,B$@KN7N>,C-/Y .A5B0RD\C%)+R"]B38)"#O
MZ<_-_2C1= >XH "\X[9YYHT %)5-^WCH<TAW\B+@@9Z^AII,1!*H1@5R%/Z4
M,5B>.3&T9)!&/:AKR&31@,0C'Y6&.O(I/1!JSG].XU6,>CGK^--".D  !+?W
M<CV-!0V-V"@<<GTZ"E9@39 W@="O% %,RLK< \#H:-!$\J^; 5R,KSFFK=P*
M42X9@01F@"_8R,UC(&Q\C8%3\P))HV:$D)GHWTJN@7$MX\M@?>=<''?VI70;
M"1+ME(QMVMC%-ON"+NGW4$-VL+*PD<$@Y_3'K4[;AI8UH)8Y5)C)(!.>.]/8
M0MS MS;/"V-KC!R,TT[!L.C3RXU7@8&, 8%(!LMQ%$=K, V,@9[4KK8=G:YQ
MFO;H/$$4I&,E6]>*H.IJWJ(LL@48QQ^5-ZH1DS@F;<N0<8X%*WD.XC,2X!#'
M [''^>M%@NAZW=P6/S@8XZ=?;-):#YAWFF1&5I H+ X[CB@6IU.DA1ID 3IM
M_K20BY3 * "@!* &O]V@"O0!!83B.PA,HQQQCFBPTKE]'5QE3F@&K#J!$$UG
M%,<L,'U%1*"EJRE)K8:MO,BA!/\ *!QD9-2H22LF/F75"6UB()S,7+,RX(/3
M/<U48):]27)OT+=6(* "@ H 2@!&0.N" 1[T 1_9X@=WEIGZ=.,5+BGN!1NU
MV7MND"["6RQ48XR.OY&LJB22TUN:PV=S3K<R&R,J1LS'  R30"5]"GIUQ]I>
M>9(RL1;Y'R,/@8)%2EK<;?0DU&8PV3LK8;&![T2ERCBKL32W633H'0?*5X]_
M>II1<8VEOK^82:<FT678*OS' .!^=:7L21VT"0H=B!"[;WQW8]31=O<"8]*
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M_?;MW+N/<]J!V+23M(H(P.>H[?6C5;B'^:=N< LN>!WH$0O<2"0;2I4]/?\
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M,3@?*14NHD+V,[7L/EU.SA<I), PZX!/\J?M(BC2G)72&?VQ88SY_P#XZ?\
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MER1[!S2[C$LX%=LQ*=QSRO2CDC?8.:5MR3[+;\_N(^>ORCFGR1[!S/N(;2W
MX@BXZ?(.*.2/87,^Y3M(X9)KB&2",E)"1D#D'_.*R@ES--?U_7YFDKV33-#8
MN,;1CTQ6UDU8R*\ME"\@D>-6"C 7 QUS4RBF[E*374;)I]G<1;?)51G.5&TT
MN5278I5)Q>XY].M7VYA3Y?08SQCFCV<;6L+GEW*<=M%#<BUD19$<9!*_=:HY
M>1^3+YFU>^IHF-=V\+\P&!6UD8K0(&9XP70*W<9SS4Q;DM5J.22=D)/:PW '
MFQJ^#D9%-Q3W&I2CLRI+8VL,R/Y.X.P3:3QTZ_I42A%:V*4Y=R<Z?:$ ?9X^
M#GA:OE36PE4FNK$&FV8_Y=T_*ER1[ ZD^[,?4[=8KITAPBE00%XQ562%=O5E
M9DPP+N,M@=Z?34!6MV,DCHRE0 ,$XHT$M!D/[W9'@@#KFFK#L+LRI(P0,CZT
M7 41;H\_*&ZXQ1I<"-UV@9 ['!%+2P"A5<DA-J\Y IB$:,!CCYO?'3FBUN@#
M5  8'KW!%&[&4M38_8_+ZY8$>M&VP,RHI;B!&$3.@)YQWI6$I-=1WVB["CYY
M<=N31RCYV#27+<%I#GDT<MN@N9D9\\GK)^%%A7'$S!<[GSW'-%@N-W3@D@N#
M^-%@N :<C&YR#]:+!<#)/CEY#V[T!S>8H-SNX+Y'I3L',.+W1 !,F*7*',(3
M<C_GIG%'*PN.DENF<L6D)'%'*/F8>?>DY$DO'&:.5!SON(9+QGW!I"WXT<OD
M'.-W739^:0C\:?*+F ?:5X!D HY0YAQDNUR0T@+=>HS1RM#YO,-]T?XI< 4N
M6W0.?S$,EW@ /+P.*.4.9V%6:\7(627IZFCD\@YVNI(DU\20LDI/<4^3R#G?
M<3S;[:5\R7'>CD?8/:/N"R7O!6248I*'D'M'W'>=?X.))<"CD\A^UEW%\W4!
MQYDF*%3ZI![5]Q#+?@9+R\>G:CD\@]H^X&:_  \R;FG[-[V#VLNXADOU'^LE
M ]J7LWV#VDNX>;J$>/WDPXH]GTL"JON.^T:CWDE%+V7D/VTNXWS]1VD>9-BC
MD\A>U:T3$,M\N1YDM'*@]H^Y&9KQL@R2?-1RI"YV^H-<W;IM:5V P,?2CE#F
M8GVBY+9\Q\]*=@YF2K<WI&!*_%+E'SL&N+^3[SR-^%"@EL#J,:)KT)M!? [8
MI\O<7./^U:B!@O)C'<4O9C]J]KB)=W^W:LK@=.E')<.=H>;O4U&1+)R?2FZ=
M]P]I8<+K56.WS)"?=:2IV_IB]KYK\!OVW4UX\V7\J7LTMD/VS[_D*UUJC$EI
M)<]\BCV:#VS[C1=ZEC/F2_E3=-=@]L^XK76I$<R2X[_+Q1[)+6P>V?<CDDOI
M,AFE/_ :?)Y"=3S&[;U6W 2@_0T^1]A<_F.\R_/ >4Y],TN3R'[1]Q&-\6^8
MS9/UH4/(7M/,<)M0Y^:4T<GD/VC[AOO\D[ILD>AH]G;1(/:O>XJW.HHI423
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MD46'L+L(;GIBF*X$'=MP3[4KAL-V$!LYR?;K1J'F+DG@=OTI -+Y(P..].[
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MCR3OY[=132%ZD03G9U)YVT>0( 5\U0V[CC'<46L&@.I"MM/X4MV,?$>&4/\
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MC 63Y@!T7I0EV8#RP.UB0H]!2$M 9EV@G[V>,=:=AV(64 \$''?%"$*,[6'
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MV[)&*ELCD9HMY#)QA@"V&/7I2V$/9 >@'/<4[W0%R)8MV';.1]W;G)]*6BZ
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M[.9%0N#N/?TJM.PB*0S0<./,4=#1;08Y)%9BT<F,C\?I4Z;6'L/66/(^T(S
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M:&#9/;^9/;!69)5P"V,C%*Y/*F9[G<H _@..E SJ_#;"30GC!&Z.4G'X"EU
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M;^Z>,BJ?D&I OS9YSD4K=T OW<';T..E.WD(!M$;<G.>M+5#'^40#M8A@.E
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M&+<8/4T)^8R;.(648/0 ^U*_F+8:9':7[@QC!VT;;#T*]P-AP!RN!D'K3:L
M+\S$+A< 8%%K@/&/F)?.::3ML L84*0,G'/%):A8M*Q2,8. P_6E;J"'A%9
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M .6XR>U,1);0L\"[4)[$YP*6J=Q%PZ<9-GG1*54C&:=^S!EI+.WA)(5%Q@#
MR:3FP41[+$B[6SV/!XJ6T5802P)M&W=@YYZ'%#"PHNL8 SM';G%#"R&-<!,A
ME/7_ /50,:FH9&W<02><T6$-DU':OF84@#''>CH.Q!,\MTB2K)A?7'(H23W"
M]MCI-.1H["%6ZA?SIHDM4 )0 M "4 -?[M %?B@!UJ=UM&3Z4@&:I_R#9_\
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MVH%<A7<C$HQ'I@X%2U?H.X^.Y #"0<=QCK3;8B6,I,NQ7PPZY[T<SN#&S(C
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M2TF-.P]-W&[KWQ30A], H * $/2@"N\16X6=<?=VMP>G6H:UNBD]+$Q"NN"
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ME6 ;:IX%)*P60S8I) '?C/7-4E9["L,*,7. !^%*WD,5 R2(58;_ .=-I;6
MF0,0>A.<?G2 A) .6QSUI]!@ NS;M7 [^M%FA6$LL0,1QRW6AI]!=2W&P9>.
M"#R,]*6J&0E/F!7[P/<<T[B&&'.0R8)HU $A,2F2,G(ZK2!:#D9-H4Y#X/6A
MW13]17F6.5=@.0.<=*3O<-AT3OABX*#.5'K5.Z%>Y'<#,A4A@6&0#1?N&^Q
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M^\A&1[TE="LF*-6=TSY**<9I^\'+'L2?:WE53-"GED=>H-2F^C"R&;[7 ;R
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M\P (XW[AE0.F:%;H(1ER" I  Z$YHN-V%,6%Y!/R@G-5<0Q8AMWE>2..*-+
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MWB4*>.AIBL1X"@9 VFD!"W/!'RCJ3WHL J!DPT3,GL#2L C-(<Y(;/ )&33
MD$Q4*55$)X]<8H"WD3/>1R1N'41N&W=./>D/0KB=GWE&X(P1C /- KD1>61R
MBY&!CYJ+!<E%G)+MW<8[CTJK!Z%M8$#*5&>.<]Z06MU)EC#$,Y(X)S]*+V'J
M2ILCRRG<V.<>M*_8/4=&96QAB&/WLCTI,$+(%97?H-V!WIW:TN'4AE*Y0[
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M\N449PW''UJK)[E6BQSSQPWJ*(I&:7 W(,@>Y_(USNRE>QG]DN YK0D6@ H
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M<+BM&K,3OZKU/2A-H-1AA+%-Q&WL,=*+V8#)@3&2B# XSZT:[W$1FW&/FX(
MIZ 11VKDE0!QR<CM0V @MW"\J!STIO300PP' 8# ]J0:#'3:&.WD<XQ0,A"!
MSED"D],C- %D1C;R *!:#XXV#$GAB,_6AH:)D38P& ?6D!*J\9'![YH&*^%
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MI?(9UVD #3(,=,$]<]S2$7: "@ H 1N5- $4GW30!!B@"6W.84/M0!,* %H
MI:G$YB2:,*9(6W*&S@]JF325V-=BXARH)QG':FG?80ZF 4 % !0 4 )0 V1
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M]!["G;R#4:&^[N.2/>IVZ"'1L/F!.[/Z526MK#L*Q8!>?E'0&BP:V(V.X@Y
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MLL<$G SBFD,3/(!Z>E'0$(-RX&>G(H=Q-DB.H8K(.#_%CFC5(")T56&UBQH
M=DD >HZFE<$*-H&3^%%[ 0G"D$ X/%%]0T)E'\&.U"\F J0F(8Z\YQFDPNAK
M2SL&WIN!;' IOU%H03!01D,P  !/8TV%O,'DD<[8UP!V)ZT6N&P@BD4*<, ,
M8%+0+BEWP -I'3Z4K=ACE#88,@8' 'M57L+3L01RG?M#!?FZ4@^1:F>-MIX
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M8U'M0(D% !0 V7'E-GTI/8:W&VRLEO&K<$*,THJR0/<EJA!0 4 % !0 4 %
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MX@_,V!THN!&6^^FXY![&@>XUD4@%<GKWZTA" %&1MN<?I1H!*%!;;M )'!%
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MK3L LVT.A+\DY!S2V"S),DW"[7^4T*SZ">A6E!DE*HNT*3U.*=NP7L78H4D
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MG!QVS1<"?8NV,9VFC0/,&E$!W[=Q'%'H!)&1) 6 QD]/0T7T&5I(FB< G(Z
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ML2QH20PW CDCMQ36PM69V)0SK'N^7@D^U"5]1W*PW!R4P3Z=*!7'F60L!O\
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MG:X#5!R$/4']*0@4.N0O (Z8HT 9'&?-SC'/ITH$7&$:9#<Y)&!ZTK]BK!#
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M/R2"KC'3N/:JO"Z9?-"ZLA98[D0QJIW'HW//YT7C=@I0OJ-3;:Z@8RVR-T&
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MIWI:+H!!)()%(W<L:+(#3M+<QV9DV$ OS[4,74>%VLPWD#K]:7R&.2*+[-@
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M(SRQ (-K$9Y Z\46U#88"PAC#'!!]*+>0$%KMM[AV?L>F*;0K$@G+2N[\[N
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M]&7=(4II<"G.0._UI 7: "@ H 0]* ()SB@"#(H&6$H$2B@!U !0 4 % !0
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M*>@?,:D167!8D$?E2&2R+NCQR,< ^M B&2W;:RD8VXSGTHN@%\@X8*#0[ B
M0<D=O6F!/:QLDJ$<D \ =:35UH"-)4++GV_ &D/8J[#&N\ %FXQCD8I@1>7(
MI+C+C XSUS3 F<$VR#CCJ?3)I6 E*&$;HV)7I@4-78UH3V]V!( [95N<YQC_
M #FER]D%KFY:$&VC(Z8I$D] !0 4 (W2@""?I0!!^% RS&,"@1** %H * "@
M H * $H ,=Z "@ "@9QWI +3 * "@ H 2@ Q0 $9H 3% "XYH 3;0 H&..U
M!B@!-HW;L#/K0 ,H(P?K0 QK>%R2\2,2,$E<T[LGE3%2"*,Y2)%/J% I7&DE
ML/H&+0 F* "@!: "@ H 2@ H * #% !0 4 &* #% !B@!CPQR9WHK9&#D9II
MM;"L,%I;C'[B+C_9%/GEW%RH#9VQ!!@BY_V13YY=PY5V%6WB5MRQ(I(QD*!2
M<F]V.R)%4*,* ![5(Q: "@ H * "@ H ,4 &* "@ Q0 8'/'6@!"H/4"@ "
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MKL/      %(8M !0 4 (>E $%QTH @XH NJ,4@%I@+0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (>E $$_2@"O0!>7I0 M "T %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % #3TH @GH
M@XH&7A0(=0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % #6Z&@"">@""@"^* %H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@!K?=- %>>@"#-(#0'2F M !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 -?[M %:>@""D!H+TI@.H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!K_=- %6XZ
M4 5\TAFDO2@0M,!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@!DA^4T 5;@T 5\TAFFO2F(6@!: "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@!DGW: *EQ0,KT@--.E,0Z@!: "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "'D4 97B.WBDT6=Y$!:-<JV.
M0<TTVE85E>Y@:-J#Z+>BTNR1;R@,,]$)Z'Z5+5M2EJ=GP1V(-->0C&\.Q)&^
MH!5QBY9<^PIW"UC:I +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % $<OW* *=Q0!#2&::]*8AU "T % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0!F^(3C0;O_<_J* *M]I*ZGHD 4 3I$IC;WQT^
ME-/HQ>92\-:M)%)_9=\"KJ<1ENO^Z:EKE96YH^'_ +VH9_Y^FYIB-B@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"*7[E %.>@9%D>E(
M#46F(6@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * $H IW>EVM\X:Y1GQT'F, /PS0M-;!KW'V>G
MV]B&%NK*I_A+DC\B:-.P:]7<LT 06MG#9B00+M$CER.V3Z4V[B2L6*0PH *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@"&;_ %= %.;M0,AQ
M0!KCI0(6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H CGF2W@DFD.$12Q^@H 6-UDC5T^ZP!'TH ?0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 03GY* *4M R.@#7% A: "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#)\2SB#0Y_6
M3"#\3_AF@!WAVX^T:);L3EE!0_@:0&I3 * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * *\_^KH I2GF@9'0!L"@0M !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 <W=/]IO-9G'*P6WD#ZG
M)/ZT= ,CPM<?9]:1/X95*'^8I,#NZ8"T % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 59S\@H I2=J!C* -=>E AU "T % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 R1Q'$TC=%!)H YRQ5CX6
MO[J0?/<^9)^? HZ <M93&VOXIO[CJ3^= 'IJD$ CD'D4 .H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H J3_ ': *<G6@8R@#77I2$.I
M@+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@!KE@C% "P' )QDT 9UOK-L\_P!FN<VMR.#')W^AZ&I;Y?B':^J-+-4(
M* "@#%UG_2=6TVR'(\SS77V'3^M" N:U_P @>Z_W#0-'FW<T".V\&W'F:=)
M>L;Y_ T =%0 E "%@!0!EW.K))<I9:>ZRSN?F9>1&.Y-)/FV':VYJBF(6@ H
M * "@ H * "@ H * "@ H * "@ H * "@!* *4_W: *C]:!C: -A.E AU "T
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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MM !0 4 % !0 E !0 4 % !0 M "4 +0 4 % !0 UCA2>E %&4Y04 5GH&1T
M;2T"'4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * $H ,T % $,UW;VZYEF1![FI<DBE%OH8VI>(M,,$EN29@X
M*D <4*3Z(.5=64?#_B""WMEL[QF&PD(Y].P-&P6OL:6M:1%J]L)[=U\Y1\K
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M@ H ,T +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E !F@!: "@ H *
M"@ H * "@ H * "@ H * "@ H * $S0 9H ,T +0 4 % !0 4 % !0 4 % !
M0 E !0 M !0 E !F@ H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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MI+B=_M$8.&5A@C\?\:CDY=B^9/='965W#?6J7$#9C<<>H]C3%L6*8!0 4 %
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MJP89X4T-W W:D84 % !0 4 % !0 AZ&@#,EH @>@8RD!NKTIB%H 6@"MJ/\
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M ]S,D2G@;CC-2YI#46]BFOB'27DV"\3.<<@@?GBCF'RLOPSPSIN@E21<XRC
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M[A:ZQIUV56"[C9FX"DX)_ TE-;,'%HNYJQ"T % !0 4 % !0 4 % !0 4 %
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M@#D/$\;6.M6VHQ#[V#CU9<?TQ0]4"-;0;;SM.FN;A/GOF9W!_NG( ^F/YT;
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MH')W=S12-8UVHJJ/0#%2VWN4DEL.Q2&&* "@!: "@!* .3\8$"[M,DXP?YT
M=/#_ *B/_='\J *<LD&EL2 S/<R\(,=3Z4-]@1HT % !0 4 % !0 4 (>AH
MS)O:@"N] QM &XO2D(=3 6@"KJ?_ ""[K/\ SR;^5 'G-I%/-,J6RR&7' CZ
MT<JEHPYFM47CI>K_ //"\S]?_KT_81[+\ 5:7=_B T35)SEK6X8C_GH0/YFC
MV2AM9?<)S;W+]EX4N)) ;LK#%W53ECQ^55:*ZW%J==#!';PI%$H5$& !4/74
MHI7FE:9,7GNX(\D@L[-C]<TW4LK,$FWH13>)-*AR/M6\CM&I;_ZU1S:72_KY
ME<MMRA-XP@'_ ![V<TG^^0G^-&M_(7NG-6DOGZ]!*1M,ETKX!Z9?-4(]#O\
M_D'W/_7)OY4 <'X=@6;7[17' )?\0"1^H%.XCT+&!2&<]XRD*Z?!$/XY<GZ
M'_&BP#/!=NHM+BX/WVDV?@!G^M'0#I<4 4[_ $NVU$Q&Y5CY9.,-CK_^JFG;
MH)JY5U.*/2_#=S':IM18RH&3_$<=?QI/4:./T*\M;#4A<W22,$4[0H!^;_\
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MAE)_(_H330GH7XHUBB2-!A$ 4#V%(9GKI8'B)M1(!4PX&>N_IG_OD4^@&G2
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M.F_X3.US_P >D^/J*B]3LOO_ . .T>X?\)E:GI:3_I_C2O4[+[_^ %H]Q?\
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MP7L!AN8PZ'G![4T[":.>F\&1E\P791<]'0&G[HM2_IOANUT^<3EFFE4?*7
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M H * "@ H * "@ H * "@ H * "@ H 0_=- &=,.!0!5?K0,;2 W!3$+0 M
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 &* %H * $H Q/%=OY
MVCLX&3$P;\.E(#A /?%,#TEIOLNA^<",QV^5]SMX_6@$0^';<V^BVX889QO;
MWSS_ "Q0P-2@ H * $Q0 8YH 6@ H * "@ H * "@ H * "@ H * "@ H *
M"@!&^Z: ,^?H* *C=:!C: -P4"%H 6@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M)Q2>@TKE33=<L]3G:&W$H=5W'<N.,XH3?8;274TZ9(4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 E ",ZHI9B%4#))X %*X CK(BNC!E89!'0BF
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M10!'X)MBMM<71'WV"+QV R?U/Z4 =/0 9H ,B@ S0 4 &: #- !F@ S0 9H
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M /9J .KH * $H 9-+'#$TDKA$49+'H*3:0TF]CB/$&O-J.;>U++:@\GH7/\
MA0M=P>FB+_@CK??]L_\ V:F(ZN@#*\0:H=+L-\>/.D.V,'MZFDQHY72-'N-9
MDEF>7:H/S2N-Q+=>/\]ZI))";;-*^\(LEL[VLYD=1D(R@9^AJO=>Q.JW*?AG
M5I;*^6SG8_9Y&VA3_ W;'XUDU9W+O='<D@"J$>?ZQJEQK%Z882_V?=MCC7^(
M^IJ5'6[&W;0U;7P>3$&N;@*Y_A1<X_$UJN5$6;,_6?#\VF 7,4GF0J?O@8*'
MM2:4D--HU_"FL2WN^TNWWS1KN1CU9>AS]./SK-*S*>IHZ_JG]EZ>70 S2';&
M#Z^OX4W?9 CD-/TV\UR[9WD+8/[R63)Q[>]5&*2$Y-F[_P (?"%/^F29Q_<&
M*J\>W]?<1:5]SGY#?^'M39(W*$'./X9%^E9RBC1/H=[I]VE]91748PLBYQZ'
MN/SH0BQ3 X=F&J^, !AH_- ]BJ?XX_6A SI-?U3^R].,B#,SG;&#Z^OX4GV&
MO,Y/2M)N];G>:24A </,_))]!5122N)MLUY_!P$)\B[8N!T=1@_X55XD^\9.
MBZG<:1J/V>9F$!?9+&Q^Z?4>E9N-G=%WON=_3$<-XCU::\OY+2%V%M&VPA>-
M[>_KS4I7U8[V6A<LO"3O"'NI_*8C[BJ#C\36ONK<A\S(-7\,R6ENT\,OG1H,
ML"N"/?CK2T>PU=;D_A36)GN187,AD!7,3-R00.GY5FHV>A;=SI;^Z6RL)KEA
MD1KG'J>PILE' V\5[XAU,AGW2'+$L3A%]A1&*02;.A;P?#Y!5;N3?Z[1C\JT
MO&^Q%I& KWOA_564-AD/S+_#(OTJ)170T3/0895FA25#E'4,/H:!$E !0 4
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M<Y&2/UQ5>[T8FW<ZJI&,F:-(7:4@1A26STQWI7L!Y[X?4R:_:;.SD\>@&33
M[#Q-$\F@7(0G*@,?< @FA 8'@JXB2^GA? DE0%"?;.1^OZ4K@=IFF!POBZYB
MFU@)&0?*C",1ZY)_K1N&QUVD1O%I-HDGWA$N0>W%&S NT % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M!A>+H/-T;S<#,,@;/H#Q_44 3^&H/L^A6P*X9QO/OGI^F*&!K4 % !0 4 %
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MC&,0IQ^ H M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M?05:IM;$NI&^Z.@U9Y$\$VR,"I*QJRD<X'_ZA0U8M-/4B\# %KUL<C9_[-2
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MV^O]*'J,WO"]X]YHZ&0DO$QC))Y('3]"*E*V@V;%,04 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 $T
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M]C&#^O\ ]>F(N>-\?9+4=][?RH G\%?\@:3_ *[M_(4 =!0!Q/C7G5H0/^>
M_P#0FH Z?0L#0[/;P/*% ''>*O\ D8+CCLO_ *"* .YL7#V%NXZ-&I'Y4 3T
M >?:W VD^(#+$O <31C\<X_,&A]P0FI3G7/$.VWW%798H\CH.Y^G4T)#9W\,
M20Q)%&,(BA5'L*!$E !0!%<_\>LO^X?Y4 <#X:_Y&*U&?[W_ *": /0J  D
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M@^CT!-/H=(*8A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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M 9\O^L- QE &RO2@0Z@ H 2@ Q0 4 +0 E !B@ Q0 M "'D4 )CF@!<4 &*
M#% !B@ Q0 4 &* "@ H ,4 &* #% !B@ Q0 8H * #% !B@ H ,4 5+K4[*S
ME$=S<)&Y&X!O3-3*2CN4HM[')>*-8BU&2.WM'+PQ'<S=F;MCZ<_G36NHGH=/
MH-C_ &?I44+#$C?._P!3_D#\*IB-*D 4 % "4 % !0 8H ,4 +0 E !B@ Q0
M F* %H * $Q0 N* #% !0 8H 3'% "@8H * %H * "@ H 2@ Q0 M "'I0 8
MH 0+@< "@220N.:!A0 8H ,4 &* #% !B@ Q0 8H * $*@]0#0)I/<%4*,
M#VH!)+8=0,0T &* $"@= !]*-1));"XYH&% !B@ Q0 4 % !0 8H 3:,YP,T
M>0K+<7% Q: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H 9+(L4+R2'"(I9CZ 4F!0N]/L=8MXY)$#!E
M#)(O#8ZU2E;<378Y:ZL[[PY>)-!+N1S@,.C>Q%*44]AI]#L[*X%W9PW"C D0
M-CT]J +% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (WW3
M]* ()!TH SY/OF@8R@#9% AU !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 86O:%-JDZ30RHK*FS:^>><
M]OK5*W43N1Z7X6CM+E+BZE$S)RJA< 'U]Z+I;"2;W.AQ4E"T % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 +0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (>E !B@!,4 +0 M
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (WW3]* *\_0#
MI0!0D^\:!C* -H=*!"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 E "(VY0V",C.#0 Z@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * $;[I^E %>?M0!1D^\:!C* -D4"%H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@
M!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 1ONGZ4 5KEMN!ZT
M 4G^\:!C* -D4"%H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * $;[I^E %:8;B".@H J2#YC0,CH V!TH$+0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (?NF@"&4 8H I2_?- R*@#7'
M2@0Z@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 1O
MNGZ4 0R=N.U %*7[YS0,CQ0!K+TH$.H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * $;[IH BDZT 4Y?OF@"+% S42@0Z@!: "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * $;[IH B?D_A0!3E
M^^>* (^*0S26F(?0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
;% !0 4 % "-]T_2@")NOX4 4Y1\QH BI#/_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>conformednewexitdatea_image7.jpg
<TEXT>
begin 644 conformednewexitdatea_image7.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M10 ;#0 FP^M "[* $VGUQQ0 %2#B@ P:  AO6@ P<4 +@B@ ^:@ ^8"@ R:
M$R<T +N- !N- !N/I0 ;C0 ;^G% !OH /,H  ] "^9S0 >9Q0 OF"@ \P4 +
MYHH /-% "^:OK1< \U?6F X2+ZT 'F+ZT +YB^M "^8GK1< WKZT7&&]/6BX
M#2Z>M @WKV-%P/2Z0"T % !0 4 % !0 4 % !0 4 )0 4 % !0 8H ,4 &*
M"@ H * %H 2@ H * "@ Q0 4 &* #% !0 4 &* "@ Q0 4 % !0 8H * "@
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M^S_C3YOZL@#[#;G^%O\ OMO\:.;T^Y#N,.G6Q_@?_OXW^-*X7$.F6AZQL?\
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MT["YD-_X1[4 ?^/9OS'^-%A.:7_#,;_8&H9_X]7_ $HY1>T7G]S_ ,A/[!U
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 E !0 4 % !B@ Q0 4 % !0 4 % !0 4 % !0 4 % !0 4 &* #% !B
M@ H * "@!: $H * "@ H ,4 % !0 A% #",4 ,=?2F!7=:0$3"@",B@!I% #
M<4 )B@ Q[4 &!Z4#  >@H -H]!^5 A?+4_PC\J=V%D;@I % "T % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "=*  $$<
M'/:@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H 2@!"* (V%,"!Q0!$PQ2 B84 ,- "4 )0,,4 &* "@!: %H
M V 0>AI"%I@+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 (: $10BX'J3^?- #J "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * $H * %H *
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@!* &'K0!$XH A<4 1,* (R* &T % Q* "@ H * '"D GA@Y
MTQ/7 _E3$;- "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 -- $;?2@"%A0!$PH B:@!M "4
M#"@ H 2@ I .% "^&@/[)CP.P_E3$:] "T % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 (: (V
MH A:F!$PI 1L* &&@!M PH * "@!* %%(!WADYTF/Z#^5,1KT +0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % #30 PT 0M3 B84@(VH C- "4 )0,* "@!IH <*0$GAT%=,4%
M<$4Q&K0 M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 )0 PT 1/UH A:@"-J (S0 V@ H&)0
M4 -- "B@"UHL4T-B%G0HWH:;5A&A2 6@ H * "@ H * "@ H * "@ H * "@
M H 3- $,UY;6YQ//%$2,@.X&:GF2&DV5!KVE%@/ML62<#.12YU_297(RW%>6
MTQQ%<12'T5P:?,KV%RO>Q-FJ)"@!: "@ H * "@ H * "@ H * "@ H * "@
M H 2@ S0 4 +0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % !F
M@ S0 9H * "@ H ,T % "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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M0 4 % "4@.2U?Q'?66HS01>7L1L#*\U-F^I5TNA4_P"$MU$9RD1/NM'*^_Y
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@ SB@
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MJSV\<R?==0PIH3)*8!F@ S0 4 +0 E !0 M !0 4 % !0 4 % !0 4 % !0
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MAPCL]NQ_YZC _,?UIW:W06OL;2L&4,I!!Z$=Z:=]42-FF2"%Y9#A$4LQ]A3
MRO\ A)]+'65Q_P  -3=]B^7S1:N-8L;:TCN99L)(NY!C+-^%#E8FQ2A\5Z;)
M(5?SHAG&73C],T7?8=O,S/$NKV=]9QQVLN\J^3P1V_\ KT[ZB<;'-Q/MF#'
M (S3$>@Q:]IDLJ1)=*7<A57!Y)[=*5T5RO\ IC]4>Q6!?[0V^7NXW>M/FY25
M'F,U9/#CL /*R>.IH]L]OT_X!7LK:_J= .E!($XI7 SKG7=-MB1)=*2#C"?-
M_*H]IV5RN7N,A\1:5,VU;I5/^V"H_,T^?NK?UY!R]C35PRAE(((R"#5)WU1(
MN:8 2!UI-V H2ZWID.[?>P_*<$*V?Y5/.KV_0KE8D>NZ7+G;>Q<?WCM_G0YI
M!RLO)*DB!XV#J>A4Y!JDT]B6K#A3 6@ H * "@ H * "@ H * "@ H 2@!#0
M PT 1,* (VH B(]J &&D TTP$H&(: &F@ I ;=,0M !0 4 % !0 4 % !0 4
M % !0 4 % !0 AH KWME;WT)AN(PZ]NQ!]J:=A-7.:OO",F2UG,'']U^#^??
M]*KW7Y$ZHP[O2+ZU&V6V<#.-P&1^8HY&]M1\R3U*!4IP>.U0U;0HOZ/JLVEW
M0>,YC)^>,GAA_C2:'<]%@F2X@2:,Y1U!%,1FW7AS3+EV=H"CL2Q*.1DGFJ4O
M(33ON%L-,T&T\@W2)\Q9B[ L3[@5FZD>@U![LH:GXGTU[::WC$DQ="N0N!R.
MO-*[>R*LNK.,."20/PJR#T3PU_R +7Z-_P"A&@$<MXM.=:DR3PHQ^5);E,9X
M8LX[W5=DJ!HD0L0>A[5:=B'K9'?A0!@< 5(['%>,K9(M1CD10/,3+$#J<T7"
MUBEX8.W7[;'^T/\ QTTT)GH8I%"T % !0 4 4-;_ .0-=?[AI,#S0\-3 ]%\
M,_\ (O6OT;_T(T 8GC?_ %]KZ;3_ #I=0,SPK_R,%O\ \"_]!-,#T*@#G?&G
M_(-B_P"NG]*0')Z5C^U;3/3S4_G3$>DW,/VBWDA+% ZE2R]1FCU#T.6G\&R<
M^1>*1V$D>,?B*KW6Q>]<Z#3].MM-L5A54&T?.Y ^8]R34N5NH^5/H8/BV;39
M[53%-"]RK#[A!)'H2*GGN[%<ECE(S^\3:<'(JA'JRG*@^HS28'EEX/\ 2Y?]
MX_SH6P&[X7T:'4#)/= M'&P 4=&/O^E4G8EJ^AU4ND:?+"(GLX=@Z80#'TQ3
MYY/=ARH\\O8!97\T.?\ 5L5J"CJ/!#'R+M,_*&4@?4&F!U% "T )0!YQKQ/]
MLW0  S(?YTD W2]4GTFXD>)(VWC:0W2AW#0TSXOOR1^Y@7Z _P"-)I]QWCV*
M%_KE_J"[)9-L?]Q!@?\ UZ%&VK8.79&<JEF"@$DG@#J:JPCT?1+#^SM,C@;_
M %GWG^IIL2.2\7'_ (G;COL6H74HG\%?\A2?_KC_ %%4(Z37;>YN]+DM[0 O
M)@'+8X[T))]1-V.,_L#4EG2)K-UW,!NR"H]R15<O7H*Z.J@\,Z='$$D625@.
M69B,G\*.;R%RON<WXETN+3+B/RF)249&XY(QUJ6TRDB'PU*8==MB/XV*'\10
M,[C5CC2;K_KF:3 \U<$.<4P-S0_#SZE%Y\TAB@)(&WDGZ>E4K(EW>QIZAX3M
MUMWDM99 R*3M;#9_&AN+OH%F<@PV2$?AZ5)5CO?#K&\\.1I(3PK1Y]NG\J$!
MS6OZ(FDI;E9VD,FX'*XZ8_QIR<>B$9NGV_VJ^AMV8J)'"YQG&30K7&=CIWAE
M=/U"&Z6ZW^7GY=F,Y!'7/O3ERO81OU(Q: $H \MO?^/R7/\ >/\ ,TD!L^'-
M9M=*BG6=9#YC C8,],T:C27<V#XOL2P"0S$8ZG J6Y=BK1ZLQ];\1-J*?9XH
M_+ASR2<EJ$GNQ.W0PXXV9U5%8LU60W8]*TNV-GIL$!^\B_-]>IH!'G=^?^)C
M.P./WC4D,6TM+B\E$$"/(P&0 >E4E<3=C1N/#FHPPJX@WEN"%;)7/KCM]*?+
MV:)YM=4=3<SQ:%HB  ,8E"(.FYO\Y-1)]C1+N<#//+=7+3S,7D8\DG]!0E8&
M[FEIN@WE^GF"-4B)QO<XS]!WJ^6V[,VVMANJ:'=Z>A>1 T63\Z'('IGTHY>P
M)ZZHHV5Y/8W:W%N^UUZCLP]".]9M)FBT/1]/NTOK&*YCX5QDCT/<?G30F<3X
MJ.-;E'L/Y4(1EPB>1?(CW%7.=JCJ134;L?-8V8O"NH20ARL4;==K.<_H*II=
MR+OL9-W:3V<[13QF)QV/?Z'N*35AJ2>QK^%M4>TOEM)&)@F.T ]%;L1]:EJS
MN7OH=AJ%VEC927+C(0<+TR>PH;$CSB]NY[ZZ::X8LQ)P,DA1GH*$K#;OH7[#
M0+^]@$L42HF.&D;&[Z"KY3-OL5M0T^[L)0ES#L+#*D'*M]*35BDS3\+ZN]K=
MI9RN6@E.%S_ QZ?@>E0U9W*W.KU;G2KGM\AIMV$>;$\GGGUS3$6%,]VRC#.P
MPBCKP/2FH]@<NY-%IL[WL-K+"\;RL  RE>.YY[ 4[/J+T(KG3KJU57GMWB4D
MA=W>AQ:"Y5 )DVJ,DG %2AFOI^E7T.J6I>SG"I,A+;#@88$G-4XM*^GWH#=\
M8\Z?" ?^6G]*@9Q]L/\ 2HQC@N![]:8CU+I0,XCQ)KLEW.UG:OLMU.&(.#(?
M\*FU]RK\NQD6=E<W3^7;Q,YQDA1T%:)-D-V);[2[FQ53/"Z ]">G2BUE<2=R
M?1M8N-+G"EB]L3\\9.<#U6LW'JBKWT._61&B$BL"A7<&'3%/H!P.M:O<ZA<N
MHE86P.%C4X!'J?6DEU93=M$5;/2KN[7,%O(X'<  #\36EM#+F0Z]TN\LHM]Q
M;2(@_B."!^1XHY78%*[L)I=_<Z=<B6W9B@/SQY^5AWK-J^JW-.:VYZ)9W,=W
M:1W$1RDBAA_A30FK$], H * "@ H * "@ H * "@ H 2@!* &&@"-A0!&PS0
M!$10 PB@!AI )0,0TP&F@!*0&M:7*7=NLR#"L.*8$] @H * "@ H * "@ H
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M0'/:&3_;-GQ_RU7^=,#TJ@!: "@!* /+;OYKN4YR-Q_G20RS9:;<7J,T$+.
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M"@"-A0!&PH C- #2*0#2*8Q* &F@!,4 6/#HQHT'.>!_(4"-2@ H * "@ H
M* "@ H * "@ H * "@ H ANH%N;66!_NR*5/M[T >;7EM+:73P2J0Z'!SW]_
MQIL19TC6;C2G8(!)"YR\9_F/0U+12MU.@'C&U$;%K64.#PN1@_C4^_T7X_\
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M "@ H * "@ H * "@ H * "@ H 3% !B@ Q0 8H !Q0 M "$4 &* #% !B@
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M(.3ZD^I/>DW<M:$^*0S$U;PW;W\QGB?R)SU(&5;ZBJOW):?0PW\+ZDKX"PR
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M C(H 812 :10 TT#&&F 4 7=)_Y!L.<_=[T"+M !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % "4 &* "@ H \]U_)UBZSUWF@#9\%#_C\/^YC]: .IQ0
M8H * %H 0B@ Q0 8H !Q0 4 &* #I0 M "8H ,4 &* #% !B@ Z4 !% !B@
MQ0 8H * #% !B@ Q0 8H * %H * "@ H * "@ H * "@ H * "@ H 2@!IH
M8PH B- ##0 P]: &FD PB@8PTP$H T=.P+"+!XVT"+- !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % "4 8UYX;MKNY>=Y9 SG) JDT0U/H_P /
M^"6=*TB+2S+Y4C,),<$=,9_QI-I[#BI+=FC2*"@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@!* $- #"* (V&* (S0 TB@!A%(!I% $;4#$H U88E@B6-,[5&!
MFF(DH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@!*  T ,- #&H B(H :10 PB@!IH
MB:D,2@#9IB"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@ - #"* &F@",B@!A%
M#2* &$4 1MUI#&T ;%,04 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 C4 ,-
M$9% #30 TB@!AH B>D,;0!KTQ!0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 )0 9H ,T &: "@!: "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M2@!#0 PT ,:@!AH 0T ,- $3TAC<4 :M,0M !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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MLYQ^5%ZG9??_ , /=[CE\7V9ZVTX_+_&B]3LOO\ ^ %EW)+?Q3;7-W%;I;S
MR,%!.."::<^J7W_\ ++N;M62+0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 AH :: &F@!AH ::
M &&@")\4@&4#+]F[26D3MU*@FF(GH * "@ H * "@ H * "@ H * "@ H *
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M$WCJNX9_*I]I#N/E>]B3-5<09I@&: $W#..XI<RO8!<TP&RG$3GT4T <-X3
M_MR/!Z(W\J!G=T"%H 2@#SC1[>.YU>W@F&4=L$9Z\?\ UJ:=@9V;>'M+8Y^S
MD'&.'8?UI\PFAI\-:9_SRD'TD;_&BZ[$N#[_ )?Y#H/#UA;W$<\:R;XVW+ER
M1FCF78%%KK^7^1J5)8M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (: &F@!AH :: &&@!IH B<
M4@&4#+UD2;*$D8.P<?A3$3T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % %>^_P"/"X_ZYM_*@#B?"N/^$@CR<?*W\J3:
M6X'=^8F,[EQZYJ/:P[H=F1SW<%M&9)YDC0#.6:G[2/1A9G!:]J U/5&EA&Z-
M0(X^.3_DFJCJ#T.UL(QI^BPI+E?)BR_MQD_UIL1QDL]]XBU,1*3ACE4)PL:^
MII1BKW&WT1K#P:/)PUV/,SU\OC^=7>)&IC7UA>:%?(RR%"<[)8^,^HI2BK%*
M31V^CWAO]*@N6X=EPWU'!_E4H#B]:F>#Q//+'@-'*K#/3( (H'<2+2-4U17O
MVC,F_P"8,S %OH*M0TLV0Y'3:! ^DZ$TEX63!:1E;^ >GZ?K4M6*3YCF[O4-
M1UV]$,0?8YPD*' QZM_B:48<SNQN5M$6F\(7PB+*\!<?PAFY_&KM'N3=D>C:
MS=:5>_9+QF, ;8ZMR8SZCVK-QY7=%7N=E>7<5E:27$S81!GZGL*;ND%CBI+_
M %77KTQ6Y=4(XBC;:JKZL:/9J6K_ !!R<=B9_#&IQQ^=$Z^:,DJ)3N]L&J<(
MO3_AB5.6[N/T37[BTNOLNHNSQ$[=SGYHSTY]JBRAL7?F.PG.+64^B'^542<3
MX0'_ !.Q_P!<F_I0!W5 "T (: /._#^/[=M"2%^;/)]C2;2U8]6>A>8@&2ZX
M]<U'M8?S+[PL^POF)C.X8^M'M8=T%F"L&^Z0?H:M24MF#5A:8A: "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
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M!XP/3\:35AWN;%(!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H 0T (: &4 -- ##0 AH B<<T
M,I#-"(YB0_[(IB'T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M!: &2 F-@.I% '!>&!_Q/[7_ (%_Z : ._Q0 4 % "T % !0 4 % !0 4 %
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MK#Y_Y]S_ .A+0!VXH 6@!K_<;Z4 <#X8'_$_M3[-_P"@&@#OZ %H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@!*  T ,- "4 ,- #: (G% #<4@+L Q @(P0HX].*8$E
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 F* "@!: "@ H * "@ H * "@ H * "@ H * "@
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M"4 (: &F@!* &&@!M $;T ,-(#0I@+0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 M !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 E "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % "4 (: &F@!* &F@!IH B>@!O>D!H4P"@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H 2@!#0 TT )0 TYH :: (WH 81S0!H4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 E "&@!IH 2@!IH :: (WH ;0!?H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * $H * $- ##0 AH ;0 E $;4 ,H O*P90PZ$9% "T % !F@ H
M * #- !F@ S0 9H ,T &: #- !F@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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MN9]@Y?,C_P"$GTS?M\U@1URM'.^S#D\T/C\1Z;(<+,>W\-"DW]E_@'+YCO\
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M4L3AF!VL.YZTG'4+EZWOXFSY@VL>.M-A:Y=B4W D:,C:F<D]:!.R*;1Q,^2
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MW1E0^:5!)P!1\.B#<E6+!W=L<X-/;8GU(+B !MZC(!!VT7T#8L7S![>-XHE
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M=^]  3Z8SGM0!(K#^+K1J NU2W Y H!D30 G/7/KVH 8T)&<>E #1$ F?RH
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M4+J6-A+(7)(X)IJ-M$#E<FP!&I.X$K@U31*9;FG9=-656&X<"IL->1D-/),
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MH>:8A0,\+Q^-&@A\" .SD_=%%P)97:) ZCF@K8="[\1R#KSG- #I2JHS1ON
M/2E<"B7;<'QD;N].UB;EFW=?WA*9.!SZ4]>@]"K(5;C/!]:0;CG "'MQZ47
MA8_+R?\ =QWH$/1 ,[QPPXXH LJD8B&SCTXH"Q#)C&!^5 "$ H=@/'6BX$;
M@C!ZT .)#KD8)]J!C3\F,\_TH$&1@Y&: 'JP!'OZ4 3JX&<GCIBBXQI13C;U
M- #=@'4?0T[B(I4RN.M(!(8UB#-QDB@!'&X[L'CL* N)C[H&1F@ /[O(P"?>
M@ 0$DD'F@#2T/)U1,CM0P.M(]J0!B@"J[$L<8I%D9P!G /XT"%#JK[@.E%P(
MY'+'IBD S:01CTH"X[9P"V1SR*-0 QJC/NXP<BGYL-]BK<2(D3LA&\CC-%QV
M&Z<1)&TKKA^YH:=Q7++DBTWKR_I32#S*UHX:/+Q_,HP<^M+5:"T+:[E._';O
M1ZL".4\#(ZGK3N,7<AC*2[2I'0]Z5[:@5H89(\[N!CK0^Z!,KO;*(?-9<M_#
MZ50>9/)=L\/RJ$.,8Q2M8-.A!IQ!NMKJP+YZ<4V[(3+SQ%MI& 1PV:-& CI\
MO).,=OK2N , 5R.AYP>U#'L,W#?D$9QSVIM@/)!8!,XP>E+6P"!MT; #/&.>
M*:WU P(R?-(/&2<'TIB0^5Y99VSC"\<T@;Z%JUB<V$@"';GKVS30D$2%'(V=
M0.?2E<=BU#&88FYQO'.*8)DL393YL'MC%(-QK2?-M9./6GJ/01K6*0]2.?6E
M<5GT&?9W^Z';8#_6FK;H+LMH#%(IC)!Q@X-1?09!<"-IC(RY8<'WQ35["MJ2
M&1VDR"2!P.>E*Q0OF'<AW%#SFBPA89=JN!US0MP%#DD; ",X-%@V';B20R#B
M@6C$DF@@@FD>)"W7.,$&G=ARHS]$-Y+J#/#( S9)W=*'% V[;%S4!%->>1*H
MBF S['Z53E;1A:^QG7=LUN2C)TZMZT:[B13?]R$9NF>12T#R8R.8O<[@HV]@
M.U"\@-+SY9H6<Y4+@!@*$NX[H2]<M%&O."N<].?6C4+E6SB#W,<88J6..:&T
MMP-2X#VUT\3'85&"2>"/:EH->1G;B6:. %I'/3'04VA;;EU+&2"W8C:=RX('
M7-%TT)#K"T:"9F8D97C(R#2NM!^9%=V2>:TK.4=@?E[55UN+7H4/+*$J\9X'
MX"D,<B84;20#ZT . *\#UI,!6!(#8/)HL!(4 0G(*\9SQ1H!78E)LKAA_*CT
M <I# D<\?UH ASG/UZ4 1R7.V3'&#[]*0$]MOE;"H2/6JL%R_9ZAY0\EXB5Z
M%B.E0T]QIHDNG5W#1$E0.HJD[[!L1LN)@A !8;L^M+?8+#?LY%P!T)YSVI^H
MAUO "O!!W'G!I)]AZC9(T5@"Q R<^U,!(I(HV$@4.,8-)WL%ATMV]PWWF"KT
M7M0O,=[;$:F0S,2<T:"N+&2R@$#:O?% ""0[\JI([8IAZB8P@SGDYZ4>@"JS
M>9N)XSG)ZT F3B=ROS3,%;M[>]*R&VRL,!.A)^G%&PBN9%$P4C ]1VI]!&F3
MFS4)+\V3D&C39E:F5J%Q(/D8*#Z#BE;I<5["*]RC1R X+#GMS3L"DRY!JDB\
M3X !P3BE9CNB1O$=Q!Y4< ^4< 8S2LPO%;HT[75;*]!^V0A) ,DXQFDG):2!
MQB_A9 ;BSN?,"RJI5L<]Z.:SU#E;6A+:V=M<0KY-R$<<GFJYDW9BM);%7[3)
M:.R&4$KP&4TM.FI6O5%VWU'RRS;QN(YSW^E*P6N7%U ,A1)%#YP!57%8%NTC
M)8#:QZ^E+7<17OBT$HD23,4G7GI3LFN8$^A.EG UJ'C.XMU(]Z:D+5,H-:2
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M!#7)2,$ ,.M,=R(H 3DD@@<@]*!:C\$X3'7_  I 2M'U*' /&?2G:X"QGKN
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M )0!62%EVOC<#2L,7>QW!$SGJ,4:CN-6$F7+!@#UH$*Z1G[@/XTV,A,)0#+
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MO:@+$0+&('=\Q["F 9:.8,YP!TP* '?: )P2>G>D,CBE;<^X<9R#30KCA("
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MT&74"H(VB8L0,$^M-:CLT.LI7,GE[,JO\?H/>HV8GV+K<@$=!UXZTT%B/KG
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M#3HR2RC1+*4L!OE'&ZBXDAL:1^<0K?*!R.U,=AT8$BN%V;3P<TM (I0R#<J
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MT$2L<<!>5')]*7S*%(62Z5-^!GTJD*W8COYO-N2JME%  H0,KONRI.!FBP,
MF2SC.>F:+""WSYQ=A\JXR: +-Q*$ ^4G-!0^,@1 8! /K1<28V[C#;&YX&30
M(BC1CG.%&,4;#(HTW29W<YIA8F ;>WW< 9 J0U&KS@[>IZ$<4Q:#!M.?EQD_
ME0&@#YE+9P* &YPIVYS0,8X)PW0B@0L;9)!.3ZF@!DJD#B@"/@IT.?I0 1Y/
MRY/ XP,4@+*.2 O3%,8C1HW*$AOTH%8C<%<;A^- "#H"": '!@#TH UO#N/[
M1//:DP.J- "4 91T=)4)0@D>AYIIH-1)],G6$^6@W <9I6&F9TNFW6UBRMN
MI\H<PR-7B!_<Y.,'(I:A=%4IEBY&">U/9 7M.?[.2K<;N12:8TB/4=LERQ
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M@%:6>Y29E3@+P 1G-5;L.Z'KJ C/S0D-G@K_ /7I.+#1DZW=L8RSMM8]S0M
MM<=;M \F\2J"> 0:FZZA:70OCS8P%BDXP>HX--+L&I5U"WDO(0$VI(<9(&,B
MK3[BU6Q5:QO[5E:"0.JX P>/RJ7&+>@<SZC#<W<(S<1$COFAQ?1C33'QZS;J
MP_?%<GN,XJ=>Q5O,MI<13X2*0,2-WX>M"MU%9H:ZL4R3D+35T*Y%(1$F1V'K
M3#0@#DL<@<GL.M%P;)H5(.&P !VI:",C49[EW\N*(JB$GGN*NSN%T@::.0G"
M['9.57VJ6^X[=A\UPQAA0.#@=%[4*_1AL1#(C(Y )^;/K3MK<5^Q*BH!(-^T
MX I:#2';MD+(XWCJ&IV=] U&1RJ&"D$@<\47ULPL'G>8 6&%!QCI1L +$&3*
M[67/KTI<PK,6:) P7(R>C 4[O<+# ODR!&/?*DB@+!/<,1P@V\@8'3-*W0!4
M=HTVR*2H&.E.U@$*HMOE3M_#GFAW!:$L+Q",Q,H8XR,FINQV74@NOD)& H'5
M:;[")K.5@A2)?FQ28UH13AR2S*%<=@*;N(?:R321^1N)4=!BA1[#N5&A*W 0
MY [^E#30B:)610R*<AL@BC<-B2_E,LVX#&%_$T]0TZ$!C"+&SN"!AL>E*X6(
M <N2'P,9XH#4;"\F':4';UXXIV ADNR9V)!Y]*07'27$@3:$/^]B@+BHK+'M
MSACUS1:XB06L]R%CC&7]J=@>AI6NB7+*%\L+G@[J=F*_8MMH<48"RRH,#D ]
MZGFLRE&3Z%J+2M,0!F+.P&/K3YA<OF/,=A&A,5M\R]&)I<[&HKN2?:$ VM;Q
M,#VHO(+1%EDBD10;:,]^!24I!RH9%%8$2"6# /( [4W)IARZ;D%QIEA/_P >
M\NP^C&AR75!RRZ%631'B0R @KQA@<BGN+7J5EA-LQ+Y*'@XI.^Y2&,(DNG8X
M((X.:&PL67D0JR#Y!M'(/>DI-A:QFK)Y8RHRS'J:-PV(9KFY<CG.3S[T<O8&
MR2"%W)W*5&.<#VIO3<6X[8)E_=D83%'4+,D6(D>2A++NYSWI-:W ;?0B"557
MICFJW#8C2(LI*Y^7M28B6"!I<1KDT#V0URT(*_,/F)P>]-Z .,OF+@J..]*S
M'H*H'DG)(0$')]*'M<!74&V#J6Y/ ]:=PN^XEKM$^PIDOP,'I1>PK%\?:U8%
MF/E*?F..*5EN/FZ%B!RX+*"5R>?6EN&A+*$9MX XIW$*!EL#L,YII!H5IXTC
MW9*[6&<#K0->92"AG8[>31J@*TOR0$<=>,TA"><<*$ W=#1N/H*^55>3G')S
MWIZ"+5O(3;=>@_*EH.Y4FMV5R6;WXIZ6%N;OAVV2*R,H!,C-],#_ #FBUPL9
MNIS?:;YV_@7@4D,HL<,N!QWIH5R> '(..,XZ4K!<L)M7#$<9Z'^5 ;E>[E(!
M &2,CFA#9H:!I[QQ-?..HP#5;$BW]VQ8+D\\$U-BO0S3))]H;8?E'&2*;079
M%NE*-OQM/84"N$'EL@#J2 /RI@3LGEAA'G)J>M@'+ P!\Q>H]<FG8!A3RU4G
M!.WIZ4;!89'Y?G$2;V4]AV-)[;!ZFBUEMA\P(<$=2.E4P*3<0DJ%W\\X[4M
M(0V0"1CWI B!P0A()'UIB&6?FR G. .E*P$YW9.SM_.C<-2W"K2;]O5L9P.*
M&/9$=RI58\\$#G-,-Q]M(&R&&*!DLN61B3QVXHZ"*$;.6PF>31N"9.(C'.-Q
MQCUYIZ(0^1<HSFD,8TAF"J0,J,#% :";2"0.U AI^Z%(Z4 ,QU[#MQ0,:ZG'
M+$T"(3E7^[B@"; VTP*Q.U^ <4@%<+OW#)R..* '1-EQD$?6@"3&V2F!(7)4
M(P!I#$DM64!HQD=L4Q$62#@C!':@#6\.'_B8,>.E2P.J)H 3- %"-I(ERI&
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M&*EC)AN==RC+'UHN(T]-TR41F>1A'P1C&#3:745S'N-ZW3*'^4G.:213;)8
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M"4 P0:'KJAJQBSRK.Q<\?W5H3"W8K%S$GRD;B>M%NC <59((P3\QY^M%M0$
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M1W(HOH%B;^SVD3(3J,CD"A.PB(Z5(H*B-@.M.W<13>U:/&'(.?UI6'<9YDX
MCD7<!G!I:CN.CN&R#C##I2L%RW;S29)\O=N&21VIV8.P\)]H\R<$''&.AS2
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M6& :=M!ME1!Y"AAO\PXP:6CTL&I;N5MHP$5EWD GGBCF;TZ D5X[F2.8H[8
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M1%C,P0@TN:VX6;0Z1Q')O6155L9X^\:+H270=<^8\;%CM4+GKD&A,?D4'.
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M(ZTK)[!?N0339FVX.#R .U*P7&QL,%@0../:AC&[@BLS\[CP!ZT_0+#1<%'
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MD#[,LL^XDCY<?6GMT%HT9DJ$2J6SQS0M!6),,TX*C SCBA@))E;CRQV .:+
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M3(HZ@(=PC] W0TK:7 5[4.H=>A%.XAEY9(T"X;:Q'7O3N/5&29+BUF8."^.
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MR;3K]9[%M[XE4;2,=:2?07F9FIN=\,&%X.[/KDTWN#>AW=A";73(8D7<50<
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M-%A7133<DB@8XSS3W!%V'S(X64R;N^12LAZDJLKC.W:!TSSF@+%97W2'<%P
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M2YI]AVCW"/Q%8B)D:-SDY''2FG+JA6CW*IUVV^VK((W\M2<"IL][!I:UR?\
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M&B=$#*F2I.,47MH*PR6 F JB="#FF,ADA4?.WW5H;T"PZ&5H8B&!://)-+S
MMP,KQC]\4(QC-*_<-0-VD4K+,K?+R,<T:JP]"TGD3 M%)D%<A6HOU%9E>2V5
M@1M^4?C0(IS62Q@D9 [G/2G<"!XFB]<4QD8VA.&()P<4?(+# #TSP.*5@N/9
MB.>J].>* )DN#E=N1M P#2?<"U;7L09A<*5.,?+ZCO19A8T7O=T/^B 2E3C<
M?3WJ0LD47U!=^%^4@\@]J;"Q*)&\PY4E"!DBC4":1TB@,O4JH)0^M-WV%8%D
M66%'52G7C%#0]"BZ%\QMC=ZX[4W\P$^PMY0V,>.!Q0(F@G8L"% VC'(ZFA*P
M]"&9ITN!(GRJQPP['WHLGN#9<1')RQXQWZ4A7)AL#$9/3//\5"8#3-^[ &5;
MIQ2W&ACR;5R<-@_G3M;8+$#0Q,5; !SV[4)BL12VQ\Y#'*X)Z@],4_D&IE^(
M$D6VB+D$%N#Z\4.VR#H0:=9VT]@SR(Q?=PPZ8XIW%;J:^G:+IMQ=M#-$Y.S<
M &/KS1?R)E!VTDU_7H3MX;TW^U! %<1K'EAO[YXHYU?;\PY';<E'A;3/M!0A
M\8SP_O3YUV#D?=_@2'PMIC/CRYEXSG?Q1S+M^?\ F+D?<RYM"LXE8C?\N3]Z
MI<D4D^Y1T+28=2OW20.(D&20>E"=@=]KG1/X1TYCG=*#_O57,NPK/N1OX0L-
MI"R3 ]N1_A1S+L*TNY&/"EH0=RS#!P,..>.M',NPTI=7^!A7>A7$#MMBD* \
M'\:.5L%)=S/:W1'VN'7 ZXI6LRC3_L:W,:OND ;U(XIOE!)C4T>$AAO<D=.E
M+3L%F2P:);2/S)(JA<]!1=6T_,'&6UR=/#=O(Y_?N !GD#GZ4KQ[$VEW_K[R
M"30H5N?*620(1\I('7OFAM=BDG;<=+X?MXD4M</GN !^E%UV!)]Q@T&,])G)
MS@C;V]:+QW%9CI_#]O&W%RP7;G)4?XTN:(U%E&'3!*^%ESSBF#5F7[;PT) !
M+.8VSCE:+KJ)ICYO#4*'BZ)QP<K2YH@E(@/A_@_O^?3%/0+2(;[13:VYE6<L
M,C(VXH=N@DI=458=/\^(M',N\ DICFC0JS);726N(6<OM(Z97K32[AJ7+;PS
M-=<I,H4#))4T+E$[DR>#YV?;]H13C(R#0N7O^'_!%[W],5_!MS&C,UU%@<]#
M3]WO^'_!!.78Q9=-DB<J64X..*FQ6H?V=(JY+(?2@+,0:=(2/F3IG-%@LQPT
MQST9>N/I0%F$FERH<!E/U-)-=PU$&FR<990#ZT:!9CETJ9ER&3(]Z&T%F(=+
ME' 93^-&FP69']@E]5_.GH%F.33YF[I^+4!J+_9DQ .4YZ#-+0=F*NES,.&7
M(]^M/3N*S&G3;@'&!QWS0[=P#^S92?E*Y].E"0!_9LX+#*97G&ZA!KV&M83+
MC('/?/% :B+83MD!>G7FBP"KIUPQ*A1D<]12 :;"X&!LSGT-.P"BPN"Y4QD$
M'GFCY@2OI-Z@4^42&Z8-&F]PU#^R+U8O,,1 /OS1:XKOL(=,O"VWRR3]:+#N
M^I$]E<1L08R"*''H%QTEC>6\(F:)TC)P&Z4.-EJ"E;1$ DF8X#L?QJ;(KFEW
M+::=J!P4B?GISUJN6Y/.UKJ-EM[ZW.V02J1[]*3@ET&JC?4@#SLV%=RQ]Z7*
MA\TNY+]EO&4MMD(]S5<I+DR06>H1%MB2J0.=II.%]T-3:Z@D&I28V"<@]"":
M7LEV0.JUU'&WU8*6*W.T=^>*%1CV#VS[C"FHAA\T_MR:/91VL/VLNY'(+TI^
M\\XJ?[V<4U"VJ0N=O=C?,NBFS?+M';)I<BWL/F=K7#_2<8S)@^YI\I-QC&9#
MM9G&/4T6"YN6V5B7YB6VBJT6A00L5OT;KS@U-P1IW,<@D,F!P"![TWVN!2<3
M0AEY&12<;@F,!5G4MPHQT-+1 )(3)&VUN!G&:=D#N+'%LV,[^8%]!3] OW+$
M"LT_F18'7.13ZV8;#U4RAO,&ULYR>]2]-PO<(_F<*XRP/!QVH3L&XL>1)(4P
M0.0,<4!8+99"DF1\P/%-(5RVMQ;V]J8W  D//'>AMW&H]RDLD?F@GY5!SBDN
MH-$=\ZF%P"&ST*]J-0:L4[/#3*&ZX[4Q$4BB-GR<8S0(<!FVC;C!84=!ERV3
M=#*V0 O3FA; 3Z=+'$?GXI;#2(&*/J#8R5)S[T@'2W9$X,8!08&*H6A=CNE$
M*LW4G%2[H93F^>9R5(.>*8$PF6% S ^G-&H$=QYCR1M"I5_IQ56NA;%Q0X*[
M\9]12LP,^[AW71SGF@"N\C,BQG&%[],T /$TJ(H4@@4K#N2H^Y0XP1C)'I0
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MC8$[EIMQ9.J=BW9))+-]G5OD!/MBAHINVQT5K%%!&$5AQZ\'-(0Z6YBAR78
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MYI(GV[5X.3GH:3>NY1,Y$CLT<8XXSVHO?J21R?O FY<2%MI4>E&P]".Z<$(
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M6"Q$L>V/.['T'44TD),C 5]H;(0GCCI1;J.Q-&(05^;=@8'%+T0K#PRD.P(
MR/;%#0[$$\B;A@G(Z@&C1JPROF0$EFX'I0%Q@1I'&/O$]:=A$\2L+A5)(?)[
M4.+70"XB*?O#+#OZTMF(JW4<<<+R*"Q+ @'M]:I-NX_46.^,;[54%^,%NG2E
MKO<-.I)9!"9!(N"3G_=I7:T%;J2-&5N6\M3Y:CAN]#UT&5+A"[']YG=R!U%
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M,T[!<<K$2 9YQR:-A7%D 5NA.>*-@+$$#2IM[ =:>FP[NP]0L:X"Y/MQ2;[
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MD#) _P#U4"+41V(%4CGDT7N,NV\.X!\@^QI -G<GY!A0*!E99%E!7@E:: )
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M4T+!2VW SZ46L(CBP)0>3QTH^0(N0JX0G!P>HQVH:?88LDS2;,J%(]!22:W
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M^8^@IB9Z);P1VT"Q1#:B]*5QH=O0RF,%2P&2,\@4 /H 9)&DB%'4,I'(-"T
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M1]*$F@)))%5!N)/;TI-B$#B%.>3U'J:3&))*SX6,*0>"/4=::28;"R(-WF
M#MQ2NA!<18<;N XSTZBF,CAA7RBN3EQWZ"G?70-1X7<"DB= <^]#NA>@UX-Z
M )P@'0=\4 51L+D '@4M>HQ$B:+:2 &SC/K5="422,LQ (\LGC I)=Q^A Z,
MDX4L4VG (]:&EM8>Q=BN?-W0W& X&![\TFV@=R&2U#%@,Y'-.XBL5QGC(H]
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MDD<=J+ 1QMAB5'6@![R-D]!].E 7)%(V@8P?:@8GWS@#GWH6@$I4C!QVZ4:
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M].* .D\,C_16X[F@#;;K0 GXT <K>*1(H;[PXQB@HRXU9+KMB@D8XS+D8]Z
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M>1S1ML(C:!PK ,V\C)6BQ6HMEE%9%5FP<$>AHZBT$O&*LJMSGI2N,IW$BE,
M8;O1N#1.)0L*Y4#('--B17N[N=D,*8&[C(J;#;&0PX11DALU0A;I""$+< <4
M 1 JK8QUH"PCMA 2N,GC%  H XQ@GM2 GF00VXR#N]:8%7.64D$Y]>E%@)>"
M0.X[>E %=OFF8 ?E2 :[!3\U B-2-XQ0!,S8 ZBF HV[<E: .E\-8^QG'K2
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M38,\9(;M2U&B8W"O;]<E>1[4^@$0E$9+8+.P[TEN&G4>65=C!1O!^M/R%H-
MP[.,$GK1ZC%$>)51B"6[T/<6HLDAW8>,/M].HIZWT#1$9VHY;+*2",$=*'Z
M3J44!W8 X_.E=#L5I-F"^YO\:5P+(D1%*';NV],>M#?8-"JR[(2P&5SC&?\
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M'&:!#57##:>^:!@ZYX/\Z !@$48&/>D(>"1 5 #9[^E,9&J#)^E @N"HMU'
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MT:[BX<_,*$@U1"XPQ)QN[KBG>PR$@QRX0@ ]>*%KH @93)MP.N#1L%A^2L>
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MY^M+49(KME5[@BJ^8&[YG"$+\VW!SSFI6H$3E3!+#C*N.:I:= ,-'C69E1&
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MF/S'V&':K' (IZ]05NA#)%'%#($!W =2/SH=[: 8[N-R[P >G H DZ/TZKC
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M1H"ON/V8@A20<BG88V!D.Y3@$$8(HN*Q:Q&Z,ZKM8'ICBFF S 9Q+_$.F/\
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MV1RH[]Q2 MZ0Q&T#&Y@<'UH"Q8N!Y9DSD..2/2K2!,Y+.[5L],R_UJ(] +X
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M0R01EDYXQSCZT]+ 2EAY0SQCICK[4O05D5I7+0%@QYZY[4>0%:WO)@GEL#W
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M,TQ6-LVT#6WV2)P8U7?(X'>CR0K6]3!?;&6V$D9QR*3U*'K,#$=W)(X%/5:
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M: Q?3$8G.:!&F: "@## ++TXST/7%)E7&$;"1V(Z^E $7SX(/W0W846 D!"
M;3C'2GL!!<2N9R6)<,.:I7Z 59HPL#-@@@8SZ>E3MH!<A820Q8P0/3I30MC.
MOD_TL87#$#/K38,&C(D4.>3_ $I+R <03QV'<'KBBW6PQZ@8&20O\J.F@#LE
M5!R W?Z4;"$SG!.0,_>'I3M8-MA',D:=. >]+3H,>'+YD8XST&*!#2Q#YS@#
MI[46\ADA)90.@]J-@'!%#KM(VCU[47$2* 0XB&!CK1?4"#E6)W<XXQ0K#$."
MYYH0" \X/ /I1RL-1K;AAQD=QF@!R)NC)'88Q3$,=50!UQ\J\8H>P:""?S9&
MSD87 %+H/0=%Q&PX![9[T .8-NP#]T]*=M0NT1,00 QR">E&PB0*6("DK@_G
M2LV%Q70)(-W"KC_Z]-@2!0TJB)ASW-('8;A2R)(HP"><=*-@L6[.'RD^TR1;
ME4]^]#2L+U(KBZ>\$DBC$8P%7WI6[HJ_1%==\$X64$@#BG8+Z$;2G[06*#:1
MC#4:H6AHZ/=-%&R2Q;XL\9Y*^E3:VP>I:C;3;N0D,4PW*GI0I6>J#E.;\4+&
MFL%8\;0BCBA:L'H=-IK/"D&V/<K*H+ ?=X%.5Q*UM2U++913^7-( Z\\T7Z#
ML[7(I;ZWCB*6<J+)G@8ZT7N-*VK,^^MW1U8 YD7)!]:=DD*[+$$<IMF42\(/
MGSWXI65PU*B2*T<6]20 2".E.P>A(90F]=JLX .#W%+6Z0#@X:%77!1UZ ]*
M-T! DSPC="O[W."#Z=:3UT'=;LN7EPEUIW[SF4'D#H/6FNPBM:E975 "J+S_
M /6I!Y$.I+]F<A0&CD'&#TI^8)6*%LI"R2 8 XZ]Z8=0;/IR>O-(!V!N![4P
M%  3@]^U%K] %!W$J>N/PI:W&$68IMR$'GC)Z46 T8IXYTVX&0>034@T1SP>
M622@"GE3FGLA%_3([.+;(S$R$@ 'H*;=MA.-S7,B@'KQZT#*Z;2LF\E03G:>
M<4771@8NI*)+H%@0K=\=*+-#*5T/(C1$.2>30]01%Y(&"0"OI1IT$,*J9/+0
M_,S<*.O2GU#88J;#ENE #2 J;NG]*6H"*OS\Y Q0 Y<[1Q[4 2(QB&SIGKQ2
ML,4-N(.["]*+ 3KD.JI*OOFGN/4D,<H9B&!)'8U+LQ7:';HB@CECQW#=P:=V
ME8'8KRQO;L&V9C<Y#9Z4= 78OVZI:6PN''^D2@JHS]T?XTQ+>Y2^T2+*TJG#
M=*6@$IO"ZLUS(!&OS+$/XVI?>4M=BR)[=HDDW?Z1-_RS4<#\*;WLUJ*W5;$V
MGE]/B))R&_ASP*+7=T+R9%).;BY9\D =:6O4!Z09C\QU.#U..M5?03+%K>MY
MBQ-*50=/6IL40ZQJ\$%KP3OZ+GK1=[!'N<WI5E)JE]D_=SEBU4E8EMMG?PQK
M! L<:X5!@"@$17$R!"S$A0<$#J:!HJ?:'^QR2+&X5R1N<Y-*S#2Y4M-3DB'S
M LI_AI)::%.Q+>N+B%&LSB7.0#Q3=GHQ?#J6[*YD$.+KA@0,T+30'J7<8R1R
M3[T7),W6+.SN57[4"KGA7':J4K= Y;[&6-/ELT:*897&5<=/I3MV!:F>(/-G
M6&$EF(R2/X:2UU&]#4O3'86RVT!!9OO>]3?4:\S.=P-HV\=Z>H#,8*[>._/:
M@5AP3<NX'"J<8HT >QV#!QQS3UL,C)W-CM[T)-@-5CC ZCBEJ(EE*)9L6!RS
M8%.[[C9?TF)S8[E(09XYZT>K%?L-O@1!AI!UYJ=!G)V^%U)..DE4NY)M7K#;
MOSU'3TH&5HW&X=N^:0$RL0>/NGUHU"XX@%2-O(/%-!N5HFV7J,J@ -TI/8%N
M7W0X#@##>])6'89&N6!) Y[4[ BS)"OE$J3CKS1IV#5%257)^8,0.GM3U2"]
MR-6Y! !(I:B)%8 #*@'.1S1>P70^2<N5(0 XY% :$9#C@C((X]*$D N2JX!&
M<46&(S  +G.3DD4"U$#*"<G(&.:>H=24MO)W#*9X)H>FH;B(YC291D!N1Z4O
M0!ENDB2QL3@N,#':FT)#]42>!TDE^8L.&QU%%NP7*ZD>3D]3T%%AC44B6-6!
M )]/6C019:S*MM)R.>E&@RUI^$8IG<#U/M4L.A9BV*K(<ML8@$>E,6Y#*!'&
M?,8OSP?04;(>[%$<4UIL7CYAVZ4@L95P3YS(S$JIZ4T%Q"5%GC9\Y/44:[ 1
M@%8@<8R:8"<9(!SWH$)R>3Q0 QF8=, 4 2@809[^E R*[/[U1V'K2$-Y*G &
M/K3 A<[6_G2 DW?N^.>.!3 8A(=0?N^E("V1QE>F.],81J2K''&*+".OT $:
M5&"!^%(#2- !0!C*Q500>G3BI*(=X+'G/I0U8"9(RULX( .20:I::,1$Q*C<
M0#CT% ]R.4#:"WRAS@''2B]A6[%6:)Q'* WH!GO1\AW;'VHV0Q*I!&_./YT[
M-B(KX_Z:@V<D<Y-"N/0K$+OP3G!Z=#2 "C+'PIP/6@5R=%*@*P)SSUZT[) (
M<;FPV .A S1T'J)Y@W*&R0/X1Q1KT 29CM^0'D'CM1J%UU&H7+ 891Z46L(?
MCY2HQGH#FD&Q*0R1?(X'/(HT&.60R;E[!<XIMAKT)9%Q&P+$*%Z>]*X*Y5*@
MQY*D8(QBG=@.^0AB<GMFBX#-VTJ>F1UH:N X2,3MX/K^=)*P,4-M4J!CYN2*
M>HB"<AN #N':C48RV0NY89^GK3$3%L.3SZ8QTI7#86!VC<$@\-^5#0#G5LCY
M>#TQQ1=!H. !8+N( &?F[4+T!7(G!W?,=QH0QT;F/!WYZDCTIZH0OFF>;)X!
MX'U]:G5:CT-.]"0VT!W&,Y^;C@U+8E<H2F!0@6;!/4#H#570[-$A=6F"/-@X
M&2U+Y!9E:67)VX5G!Y/J*K40EM</%+YIQP>5SUI6[#W+4<UK)=/(HV!SQCJI
MH<F+E[&#KLBOJC,C%AM7DC!H0,Z.TU2^"11-L4X Z=L4VK/<:M;1$URHNMMP
MX D4X)'TH3L*SN4HY$FG+N0G)"OCH:+]PM;8O22RWDHQ&S8Z,.V*5O,-!MM<
MK;O-')_%D;3T-&VH]RA)=,K^68PL>/ESZT>875K#I+D2*K.N)=H7"]Q1Y!Z#
MOMMO'9+"B9(^8$=:3YK@DD0B<2MYJ$JPIIC]!'N&V$+DD]O6B[;U)$@N/+N5
MV8\MAS0P+&K!&@27=EB>Q[4:!J4XE*V>2.&/'TIO3H"&/W)SN]J-=@)HHPR@
MJ,CJ?:G?S =(F&;:IP*5F!$3_%TH'N X./:E8!.8G5U//.,]J+ 78[IY65=A
M.:6H$LD;QJ7C + <4-^8A(-0(<K.?D/J:G1%;FK%>VTMKRRLQ';DU:$XM&;<
ME6F(#?)CK2 I7$7[T'=QMJDW:X.Y8AB63<HSC&14WNQ,LVUFENGFP%I+N7.#
MCA13OT!63NS/O;0Q,!&2<??]C0M0U*<@(PHZ\&CR0T*5V+U.>QI["0]% Y_&
MC4!C%F;('Y]J0Q4.",CC&:$!)E2",=LG':@!JN67L".*5@N3M(Q.'P".AH <
MDTBY=E5U5LD-WIZ[AOHQMW=O=2%FX)ZCMQ0KAZ$'4 [>IQBB[0A)$0[ XX4]
MJ$V+1FQI"0&Y:ZD9?-88C0CH*7-K8+$FH[8(S&) 9"=S#T-/0:3W*MM"Q  Y
MS@BEZ"--)(H;5D9CEA]W/4TKV'N9[JN6G+8"C-.VFH:WT.<NYY-3OB(^@^50
M!3B@DUL=?8Z7%:V_V,"56(5FD XSZ9H>N@EIZFFK@*R!CE>I:EL.Q',P2-I>
M"NT!1C.:=PL9E_=N;18L+D''UH&9ZMM;;G(Y.*8#O-91N5MK 9Z\BEKT'L:E
MM?I< 12DHXZ/ZTKV%:^Q8W/;."#N0\<MG\JGS LJ\<N!N5B>V<U2DA-$.IR1
M1V$@D. 5P!3O85KF/IZ#2[=IGQYC\@'KBAC2U*$LAF=I"<DF@9$_(&3CZT]4
MP8$9944$LWYT[B+4X6/;#'D!.I]:EZ@5SU (X//UIW2&)RK!^,>E+0!JX^9F
M)Y/Y4[>0"WI'D0I[Y-&HC=L[<+I4>X8X+?6D!EZF2 J!2><XHZ!L<U;Y-^N>
M"6--"-XINL]S>F/QIH927( R>/RJ= )AQR>*8$BC(.3@YHU K/'^^).<YXQ1
M9[ :D4:7-JBQC$P%)-;!8KF-D^1EQCL.,4T-%F&82@(RA0.*D=ET(Y=X[<>]
M.PKE5\?."N!VQ3 6)?,4GT/':BX7(Y%*D+S@^E+40^-G9@5Y/0T[:;@6$0R
MH8AN/0BE>R"Y"\#)*00#].U/2X7)FMV\I&XQFDM=AC95VKC&X<].U,7J-B4R
M;4!);.,"BPRP(I8XW5L;%YW=_P *&K/<2*NH3B:!?G8E3@*>PI#:9 &8!=PR
M*9(.2DBO_=(/':C0>QK2AC&'#_+M_/-+0"&TW++'L/4XYH&6)1LN'0N #AQ@
M47$,E.^0K@D#KD4 1QM*!^Z0<'GW^M%KA=(SKA6%PX(Y/-,5R40LL.[82N.3
MZ46 @;*_*RXQVH::&,7ID<4"$=2(Q@@GI0,81)@8 H$3<!HT /OS0,KW.3<-
MCICI2!B Y4 <&F(:<^F3[T +SC^M "(I,RC'YT 6I@%&U1CCM0,(2Q5@< =Z
M8'7Z ,:7']34B-(]* "@#%.& 4#CVXH&0Y*_,!_%R:'L,7S"5*NY )(!%+0&
M1#'F!0<A<GYJ- $=!.I8M\RCCGO0!6NFDQ&7XWG YQ3M85R_9PK&K/(W*$G;
MV/I_.A6%;4S+J\\R<R;..@-&I3MT($(;)QS3LQ#MI=_O':.@HT"Y;,@+H5 8
M#C/2C?J#&C*;E&,']*![;C98]H]\<9ZT,2&,6&?,& 1@CTI;# ATD5D8,,>O
M04;@-R!NXQSC(&:;$2(S,.5*J#@C%(!SG!)VY!&"<4;@)/(6<G@=CVS3V&,#
M!CRY/;(I(!7CXSR!CGFG=@.C3#@'[H'-&W40K* ,[ ^>,]*2[,!H8H-@R.>E
M.R&1.7W@MP3Z&BPAT8VE<';S0&VPY@,YW=10,>$(;)Y^AIB'2MO"D$?A2>P#
M1]S! RWOTHT8Q"RJ 2,[1Q^=+87D(S*P)7!8]AVICV($)WG!.X'-#["N:%Q>
MK?6HA*ONC'0]Z23ZAH4EGB2((T0+*>,4[ON%D-:8G:K\CKP.E+0=Q"S YQVY
M/M19")-\;(X0CGD#O3\@0L3INBA*XQDEJ:30&/JN!J,F"2!BI!G1-<JZQLZ#
M(48(Z]*=V@LA!.\1+. !Z4F@*OVGY9$6-&!.<]LT:CT[#(IKA9@%8J#G.*+"
MYF@E24LQ(/7!)IV8-L)8,'YY 0!ZT:;!J1["-H7(SQFD('5PV1T^E.R&-C)$
MHSZT 6$>-MV6Y[=J3'8AD0PG:0,D=:8M@D;? F1T..M%T@;N66^2&),]%_\
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M@"&< O\ +@'/2C<1"00P!X-.P#V8O$4;DJ.*6PQ]M&LDB9''>GML(?-EV(!
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M>=HYC7^^:J]@6K*\\KW5PTKYYYXZ5*&QJ@J.1G)[TV(D51N!V\]Z+@,<8)'
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MS&O'W74T@'5CS0455)(V'/)IH5P;"DCJ!P:!6!!MB+DY![46T&(I&.N<]J&
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M8/$2K\>_44U*P&<PVE5-%Q7)K1B.2/O @B@"9=JD1C@HV3GWI6U&%VZJ=FT
MY[BFKA8E@41Q@X/KUZT=0OT&O-NEV!<KC- #HKDACG*EN >F:&'H27#E7!7'
MW3SBBXD4;ABP!5>,<T[^8]#4TJ"(PJ9'4$8."*6@K%DLD<LJ*  >A]J-6!F^
M(ON6RYP0,$^E'01BLJJ>&!QTQ3&-# 18YY]* +MH@$2A3M)ZY['%#8"@8D (
MZ#KZFD%BW;L%@EQRNXFC<$-4C;E20 ,CCBBP#S(H7G!SR<4 9-X?WW=E/04
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MJ"1-BYD<9ZD>] M2,S"/)X+GH?:E?S*\R9?*DB&Y\.!R?6BZ0K7*9V?:%4N
MK-G-&EM@L#.L3,F<JQ_&C;H%BS:013DC.3VIB&SPE9PPXP>2*=[C$,A&& X'
M3CM2U0>@QBSG!Q@G(HNNX-CI%4;%4@@=<=J-!;"/^\!'*GT!H^0WY"@%2#NV
M[1C&.M##41F;/W>,]/:@+C2Q!QC(/6A^H">:H =^6Z&D@L.B+,,* 1186PX;
M5W$ G;_.FT,D,BG*LO';'6C7H(0F%L;B2>_M0V^H6*S-B4G! !X'I2;'<<L;
M"0;5R!UQ3T%<D!+,<9VGTI=!CM@PQ(Y[$&BPM!%4!N"<X&/K3 :"QF5L$=N!
M3W'H 3()&00,U-P&J-G#*,D?6F(:#M8'&">V*0"Y7#;<X'M3U[#%,.X_-]X>
MG:GJ(G3 E!&[=C SZTMD!)&&0GYFQUI- GT+ELJAD4J.3P<<TP+P6 ,-SXD7
M^[Q4W"S( D,K*H9BV> H_G36P6T&78D,:PS(!W#'THL,SY1)*3'(HV=R::T
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MW-59&^TGW IE7+<&(I(6(!PX//(-)BN5M0 %_*5 QO)&/K1OJ Q,;,@CD\4
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MW!?@B@8Q@H+,._4&E<+#4_U3L3@8I@5EP4Z]:!#6Y3!I .A4;>*8"GEN_O0
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M(H?D!6D 7H,XIAH0L6R20"".U $)8BV)SC.:+ 5]N<$-G- @8# )].QH 6,
M*<]^] "@#!.>M $MIN,7;DT 6"CX P.O% Q]O*L6X2(&SW]*+]@L1W;QESM7
M'<\TKA9([;3,_P!FV^X '8.E BU0 4 <Q(P;(B^]G.*+-E;#I&)4'&#C.*2
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M[47:&0&14!;;N'8_XT ,#+$3O0X]0.AH%I<B3!<X91CD4!;L*JB21E1F<=J
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MF#*-P(Y'8BDU97"XMXC^:74[%/1*K<+A'O6,;D_+@5(EJ,,@F<[5^X1^%"U
M)+A0\@;&_J,]:8R,#S "1CCTYS1L+T'?-C&T?>P<=* &-%(6+8 )[ ]!0M-F
M%Q@)3.5SQV[46[ -9P2JD D=SU'UHV'9#R8\# YSDD#\*>HK6%:-)"2I)P,8
MQ1OHT&PJCRU .2I7OUI== N-D,;2+MPAQ\W'2B^@#K<+ ^Z%V*,<%?>DPUZB
M EF#M]Y0<D=J8/0D1@8E9NO()H&-+LW\.W'3GM3"W8+?GS%5N>3G%+86HA@(
M8'("Y^\>],#G[@@:NV, >;_6I3OJ#W.V2YC>7>R!25VDCN?>BX"E?D)<JKAL
MH,]:6B"Q%)& Q9>$=<XZ\BJ IS\QJS(7;V-%V'J:0"QZ;%O)7^)>>E-^8*[V
M&2J)T5[4%5W<\4M]PV-*=A%:NQ/1:0D<3(Y+,=QP>E,8V,Y;/)%,5QI^\6YP
M:07)1C!;@<<<4P1$[9/'?G% "9&!0!+%M+Y -(8PNRCC)H <I]N@SS30BCJ#
M%GCA7MVI;@SLK11:Z/#;A=C8YS2;!=QUZB#1V25L'&]0.] UKJ8DEN@M5DB!
M+E:?D(ABMR+A&=<CKTZT[BW+,C'S-R*!GL:G0K1$#Y<Y(&/:BPQ\1X!4\=#@
M4["&M\K' -&H(E!' R1QS_A4W\P Y+<]^X[<55]=QB@L<X &1R32L"%# 1[9
M #@]*>VPK7 H@!.23UZ4EJ.Q&5*E3R33U0A65"W()!.?H:5P">V#L'B4'U'H
M:+BL5B?+:0*3@= :!ZCPVY0P(;N<#I18-B8'S <_>'.:.H6&'@X[XS3 0=,\
M\T; *&PP&,>XI;@3QO\ O LIQQQZ&EL/<LEO*' XQ^5*PA&4E,KCKQ30AUIM
M61D[M[4[.^PRLT6R22/."!CWIO30",)P2Q)(..!2U 6+S)%E9@=BGBELPN/9
M&^4X S^M-L0L2EKM75RKIWI/8=S:MM1'SI< AE/!QU%%[;#LNA5FU<0S,9(U
M(V\8ZXIZV!),LV^J1S29+;8L<'%2@:$OM2"(5BY)].M%^J!+N<]=<GS-HYYQ
M5I:(5QHC=MB(.N,>OYT[:@;EE;+8Y\U5+'GGM2%N%[=!PI _'-(:00G?MW<#
M'&*>HQ2C-)P.I&*6HKD,H@BW_:"V1P,4-VT#7N4IIC(5* A<9Z52U8%>63+C
M"\YZT7\P5A6=UB^4<#KFDQW%51,X9FV+Z>M-JSV%;L6K=(5R4 ..,T78K#;R
MX"+Y8)WD9'TJ;:E(KFX,@&T^F2*I7Z ]""[<F*0#IM/&<4F&YD:8X2Z)(_A-
M"T)-"0X.0W7M0QE8J6EX;'<T6$6-H2+)/6@!K+EMQZ>E/8!5 ].GZT!Z$T'#
M$ #'2E\QBW2D@C';UH V-(E+Z;L"@X&#ZT)6&R5&,;@D#/\ M#CI0(87)B;&
MU3@X(%-2;%H4[5B9L \]P:7F.XE^ZD[5!SW'2F!6D/\ H^5R >!2Z6 Z&& )
M8P@$!@H9L^]%UT$9NI1 LC(<X'/M3T!$<0? )8-QT':EH4[D;.25/)*\46"Y
M;L69Y0AX+'C/%+9@R_=1R?:(XRHP1R<T_F*YGZV?(L%4'AO?^=-V R+:-?LY
M+_(H/!I:=16N)D'HO;K3?H"0MB6.H%_[HSCUI6"XZ:Y*N5P?WAS@CI0DQW1+
M )C''&WW788_G3MJ',:E^98AB(#<"*5KBYD-*B1PI4!B.@HZ S-O;>1+H@ 8
M)X^E.PB.-_LQ)'TR/UI/4K;<K&0F7<7;/7/>BP78W!8D8W$]Z8B<_?"@8VBD
M&A38_.^1WQ0 ,,(<]*8"0@@Y..:0 _WQM[]: '01@WL7..] A\Q?S3#VSP5H
M'<>89'&"",?G18!S0!;<GG)/(I@1 %@<\ 'O0!Z!99%C!G&?+7I]*D">@ H
MX*2[:5N0Q&>,G&*+%71"\DIY8=:=B;^1O^'[6.6UEDE7=\W'M1>PMV2S6<HF
MQ@LH[BFE?8JY4$A7]TZG'J:3 >8N6* '(Z4*PC)=W77(W(*L1CFC5!=7-1@I
M7<1P.M/J,KE5VL<[6'3WI)L 1F1UE3<V4V-@\D&C5@R(;'3(!SWIZ@7("3C
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MC-N58@1@=R:/4"&ZD,TRQ&3&SG/O4H9KV<W^BJ\C#)?:I)R*H10\2R-B*/\
M@Z\=:6^P=#!9>#QR!US3=D!&#G.1Q0(<'(! (H#T&D[<L#D=#3L/4.".:!#T
M7.YO2C0"21E$*JJ\=<^]*XTD0J<<[@*!!=3"&W8Y&6& *.@S3\*6WV>PFOF)
M7/ _#_(I]+"6K-;14+12WCJ=\Q..G3M4[;@]7<M^3;7:XGB4L..1@BG=@XHH
MRZ#''(SV<GED]5/2AV>XDFC#G+1W"I@EB.?>DEY%"_,C%6P,=AS18!57CH??
M%%V NW!)/('>F[ /! W^9C<>E( D(.S'7&#@4_D,K2M(DA#?<HL*Y-SM '04
M 2JQ4*'SCU(I:+89)&K$?*P&#S[T:!<>G *L.G&">M3<1#@,<KQSP/>K>H:H
M7#('<D%@N.:-=@!&^8')/'04E>P/07RI6 &T8?T-%_,"%HI+5R%4>AQWH:OU
M!,1E60MP-QQ\M%T R.92HB=<$9PQZT)V#0616CD7/ ]A38B6.5>-QSV^E!2$
MD <9/)Z4"L)&6B?)^9>X]!1MH@OW+0"2%&0'Y3QZXI-M@]".Z.9-IR.!W]Z
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MSOFP!P/>A 7-+B^UZFH=OE7U]J:TU!F]J-PD6(@#NP/RI!8Q;F4EO+(R >*
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ME&J$* .A'- %74=S>4BH>?2BP,ZB2-K30+:S P\N!^=)[@MKFI% +>P2#G*
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M>*%4&2W%&X$NH),=.@AEX8DD_A3ZB6VAG0)$;ODG(Z TF/4DU..Y7;DD1-C
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MT6 K[OFRO/M18!OELRD '+G IZ]P.G@_T/3,D!7/RC(QS1(%N83.49S(#O\
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M3L A89#9SGKFE8 9MDH3=CN,=*-WN&HDP68,6 ) STIK303$$97[H#*>OO0
M1/\ ,54#)'.:E[C$=1+)N)Y X--+R$-\YX6)8';TZ4-,?J3F4R*)8R/PH =$
MVZ5E;N,=:.H-D<[B*V4)&6((QSTHN&G4=%:RI$)#R2,E#0_Q%<:OSYXQQZT=
M!DJR#"*#D].GO19]@%GYC9%Y_I0D!07="S;OF]J-P]0;#CD=/\*!#(6$<O/W
M<8(H;!%DLF2$SL'8T[IC'1LI<$?>],]:EM!8C8EF^?OV["GL B^B],Y]Q3L
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M46 S-)\V2:=YKB1V#DA<_* >G:E9)_U_7WC;NKFJ*8A: "@".2-)!AQD>AH
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M =IPW/2G8=V!>6)0'.Y23QGD4K=A)DC?-'O4YP/7K1<'H0F!)0&4[2#ZXHT
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M\M[=:=]1-#%=ILPG''>@"RD<<2D8);'/%'H"1#Y>?NC ;@ 56Z#8K+$'ER^
MRTMA6N4Q"RLRX[\$4 67F;:D:?=3UI;.X$4OR6[L<;F-&X%7<0F2!Z4"$/+8
M'Z&@$/)(3)SCK3&-C^=NF !2 =:,QF8@9YQ0!:,C;3\AZYR:+,-!(2ZMD]Z
MN,<<]LB@9-;%'4H1SGOWI@D.D !RHX''UI7$=U#_ *E/EV_*./2D ^@ H *
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M&2DY&W.3C/3K3NQ;$,H"VV5(XX(I7Z#(E3Y=H7K1L+0%!RT9^7'YT(!C1O\
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MO3OYBV&!IF;(VA"PS[4:=6._8D56W#.>O2D(0('&W&6;C XI_("K;;HV9)
M<8'X46L]!D=S;%3N7..N/6JUL+8J*01R.G%%QB["B@D')Z\T+U$+L. 0..E&
M@"*7B.4."W:AKL"+4,RR[0IVD?I2&.D@AF9E<9!& :=[:DV,VXTIX2)+4].>
M.U/1@FXL7^TRT2VVIQ^8@.!*!\P%2KQ]"GRSWT9*UBOEO/8RK+#Z#[WY4U9[
M$N\=RBK2QDL.-IY'_P!:AKN.Y(DHVC<%R>]"#1C6.#@,"/7TI@13#Y1E@<BD
MQ!;H7RH[]*: [?3D%I81VY4 MGA3G&:F^HS*OD+/PI!!H5@*80$X]!D4] 94
MOES8R]!@=*&M 93T?(\[ ["FK@BQ<Q'S"#G!HL(?9JPD& <CI0-$\S,\B1IR
MS4@9/>Q^1$EMT./G&>])V0)%;+!5X%4 8!5LG&.E+Y . !0$_0^]-)]@&F0'
MY1D\TK7'L:^E6"1$7DY((&Y5-$K+0G5D-Y>-<W@)($:\C%(O8HAW>4\94=#Z
M"A$C993YP.#D#J1TIV'H6[=#)(S>8 QY]J-M+"U(Y_-\S[RY49_&@:(?FC=B
MQ+,3P?>C5;!?N6K2 R2DN0NT;MP-.XKFJUS%;VD<+J6SDU+%9%&5$,4K%,*H
MR#WH&8+,.2%ZGC%,6@H.5YXI@5RS2,L0& #SFD@-&U<12 YXP10-#"0S$H,<
M]*&!:U%-B0E>O(XHN(ELRJ?OCPH'(%%QZ&=<./-.T$*3VH278"> QL^3PO(S
M3'8;:W<<4UP=ORA" /4TFWN&G4KHYD8LJ;0<X.:'=[DW'7$FVV5=F#0P*J#
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M\N"%'6D,%VB/. %!SUH;%H,+*_W003Z4!L.P=JMV7DF@!Q.'$FWKQQ[T6OL
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MP[,:)?WC)@X8_B*=F)B>9Y>[9]W/.>M#&0K'RSDC:#VHT$,WYE0A0PQ@XHW
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MYCMY ('7I0)E>:';;SJ@Y;'2FW<-C/@M)+>W$JJ06Z \BC029?6[=8/)D 8
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M1D%><CD>E)!<B5?-B>/<"%.<XZT_416 S*%!X%.Z$.N9!'"2,[C2 JQ<1YH
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MZ B*,;"&'(]/6AMB)XHS+,@4]!^5&@V3320VAVE</Q1=;"21'$Q'FS!LR-@
M4*VR&57,D@^8G)YYHL(G3YV5,'CM36K W;+3B(!(K ,>E*XD9^N7DT$XBC(5
MNY7TI-7+3LC#+-O#2<G/4U6Q+U$*MN!!X[TM!"8._!YP?6F V;B4 J"0?RH
ME2/<I'3BG8 ;.,Y/7O2Z@2P*"P!&0!SF@9I1J!=0(  !D\-0@:%O6\N7:V"2
M/NBEH&C*5V&!4]%Q@4["*\DDB1"-1@'G-#N]&/86)#&OWOF)[T 5[A]TBQKQ
MBDA,1%X VX'7-,! !G&/QH 5SA#P!0%A8EVH6QCWH!"6T65DEQ]X\4#%E7.W
M!YH$/C7Y0AQ0!(1\_P @. .M [!&I5AC\<T")"=WIUQ@4QZBHV&W="3C%(!^
MW>R[@>6''XT =P*0A: "@!D;AU)7H"1^(.#0 ^@ H * "@ H CDWY 3 ]2>W
M^>:-.H'(>(IYGOO*E4 H,?+T--)HIM6L<TP&3ZTB3H/"+YO)(MQ4,/7TH V;
MY@A9E3DGY<4QE&241@X XQ^%/0>@A>1W4?+\R\TN5A\AW*%> .V*&A#YE652
M,  4TF@,YGVS,2IX ]J0:%L%7&&4@]SZ4/L&XBJBH/F(;)(]J2L-(:6P[*RG
M)&<U5K +* BH ",]1UI6"UBNK_O^^.E&HF-W@2C:#N%#N \;D8-TI .>)RQP
M>1SQVJ@&LK!2V1R.E*PQ %:$@#CI0(C+R(RC;NV#'X4:@/+(T8:.14.>E%^X
M_0='A)-FX$8R&!I70AKW,OFEAMW;@1W(Q18=_(<KM+*22H..@Z"G:PB$'&.@
MYZT;#]!RO$LI);@]*$VA"R2,"-H''3C.:'ZA<TK" "-]P.6')%'H%R^L,HFQ
M;XV*N#M[BBP7L/W&1DMFC$<><GU-+5;AIT)8HX#+D'A#E,_P^U"$]-RGJMND
MAW;QE0=Q''-.Z&DSD-);9JT;GG;DG'TI =*]R!;+@':1WZK0,J6IB2Z+HQ 9
M<<^M/IL*Q;DW1("LVS.0!C]#18:;"1\1K.6!"_?&:5[:(!D<T;,954@N  HH
M\P-&-P9$C6$-GA21R/K3N+0AN+64R^4+=^3PV>!185TMBA<6MVDZB8CY1C'M
M1HAW;Z"66&DDWY5&.21VH#=E^&!IY@BGY2._%#:%=CXK>,O(K-A,X8 _ATI-
MH=F]BTTD4=N8MY.P[0,_K0"1+82%[39@!E'O20&6B;Y6B#'V)/%.^HRV=/#S
MA?EC(7[N>I]:IL6HRXM]DRJ5'O@\&INP15FA_>[XVP0<8)[T2W&-=OE*X'7G
M-38".4^: -V6  &?2GMT C:/+.JN"5[$T_4-2%8@[D<].2*$Q$@C^7:!\W?-
M&@$<D+#&0, \T-@1>60IV]N:=@".5D4L!U'04F,ERDY ("2'MVHO86G0B*F%
MLXP0.G8F@ DFN'QL +8QCM1RZV'>Q:1L#][MZ<'M2:L+<=\A8[1U/7%-: /(
M,G!' ;^=%[ 1J%4@8R0<4#)EWX7A03ZT,0HU)[$A(VX)^[4O4I:;HE_M:QU!
M&CO(=K*#AA_2FG);H3A%ZIE2PTU[A'D4@GMS3]1&W$\D$2V[*!*JYRM3J@6P
MYQY4B2)EC(.#ZGZ50(:9_)CDE?!D)^[_ ':0;E- W^O89)Z ]J+KN-NXV<*\
M9 7ITHN(K+$@92Q[=/>FV Z4,'!(ROMVI6\AHDAD#'YF[]3VHMKL%B23[V4&
M2/2DV%K#K5A"V6R0#V[4;;"T)GV!@RG&>HQ3O<" N$9N>#ZBD.PZV8>83P5S
M^= A\C;3D'/)P/:CT&-.UI!_"C'C_9JKB*M_$Z,I9?XL';TI@F1%<+M P0.,
MU/S&120+(,J/F7CGM573T$5'#(6&2!1;J-#]V& /(P.<T .*9Z?2E81&Z]F'
MY4 (W"$=13 3:>J9! YYH>H;;$HN7X$PW;>C4AZ/4LI<(Z;=_..]&G8/0LH>
MH#4 /WQ+%@@EF/!!X_*GJ(K>8 Q*H^X\5([HC E8%F< ?W33WZA<S]4<M8N
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MQ\B,9.>..>M.PQ)(<@L& !'(]*25[7%J5;B,I&"N2*;#8FG.YH9,8W*!CWH
MOZ9;XF>1U(P,@XX(I,6AH&$A9"K'E=WT'K25BKL1+MUB*O\ .O;/4&C4+ S.
MC*;E&;<#@^]'O+86C9:B>#[.#&?FV%0&]13N!1CDCBMI$;<LLC9#?RHZ@E<H
MR1(3(WF8"YRH]*5[K0>ISVD('U.-3TP>GTIHDZ,1L@)7H#W]*&5<DALW8B09
MP.JXYS1>P@?:U_Y>TL,YZ\9-%["9*L23VSB1!N5NH["EL/09Y'E@%#R3G#>A
M]*+I:A8;;IE,L,$$\>M "S*Z '!(49&#VHW ;:"6XCE$1VGJV.XI[=0;L;-@
M%2/Y1ANCK_6D @E".T3_ "&3.W<<]:3W"W42WL]DY\X*^T#%5?L*US-FDC>4
ME083OQSTI6[E6[%UIXDF"1W!+%<$@=!]:+WV%9E=$,%QNF8%#R!U)_"C;8->
MI/<+-,XG!* ?PGTQQ2L%RM&9(T5HWPV2&%/<+V(5D+;O/R5!SDCK0/<=((UB
M;:<Q^OO23L(AC93DH0<]_P *&^S&2QRO AWIL(STHLT"M<@R)7W*<MG/6A T
M,D4+)EE'3UH 2"0L=HW9_0BBP7+&=C%N-I'2G\P(&4''R@$GFBXB1E# X50/
M;@T@*\D#ECM) JD@N-$@EAVL<E1QQUJ=4/S+UL+&#2R2,7&TYW?Q9IN3$H]3
M'2 .W!('<"BZZ@68)9F;8_S CKCI287N3N?F*'*^Y'\J->P%,FW25LQLQ'0U
M3OV!I=R_I5C&\$MQ<9^7&!BFG83NV:2[A%]G _BRI!Z5!6Q:98[2'YLEOO'U
M/TI72=A)%.2X8P?:]HVL>%[@TDKC]1C/)(!)*V >@'6J8;E?S$\UAG##WI=0
MLQRR%E+DX&<<]Z:OV :\FU"<].:%<0GF!PH+$'KQW]J6G4!3"DB@<YSR?:G<
M8\1B(-CYACTI+R$5FV/&R[/F7^&JOJ/3<6WV+*LBLV ,D?TI6TV#4=O\^:.0
MJ?+_ )T6?8--BV^0HES\HX4^E#8"H<,)$^Z.?6G?J 7LF^*,%<C)QQ1T%H4V
M8Q'"_.3@XI.P_4MAR[!Q@$CGTI"(7B",$4[D<'C'0U6]FD#*LP:-SO\ F .:
M=K#+4>'Z'J,CVI= U)-CDL57<?0T6$5IXK;JR8)')':CFL)KJ0/9_-^XDSCD
M9IZ#U6Y6??$H#K@'VHMY!<1V5CD].Y%(8YB""03@?K3L!%R3[FD(4@9&!C%#
M <I&%P>E "_Q8Z4P $[AFE8"K?G_ $*0'CD4V#*VFOMBDSTR*-@1IQQRW#!8
MHV.:$F%T;%GX> Q)<."QYP.:+V1.I=N+Z&QC$<4?3CZU.K*2,S4+TSE=SA00
M,+^-,H;)"_V8B-"<X)(HUOHB=A'5X+=8[A0(W'RD]C3LT.]RO:ILN%4 L3TV
M^])AL7;I7M[16 .<G&3UI6O="T*F][EHPX!XP*>W4&R\MKLCC9L!Q@CZ47LM
M0,T7):[E#. G('I0/R$MH6=NH'I3BA&E"\2MY8+$M^0.:6O09:EABMHI]TA
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M H93'F0;@OOT/:BXM"H 6N IVG:2>.]"'8L LQ 1L;CVHT&"GS"R=<'KWHV
MLG<LD94D*5P>>GM2M<1:C547'8<[NN:;=P*<F9KC+J-N>*06N1231J5"L2%R
M"#U%/Y!:P\2QQ+-L?*,A'Z4NFP[6.:LKR:PNEN(" ZYQD>M(2=F:/_"0WA!)
M$98GTHLWU*YEV(AKMR'1MB948[TPYEV)(_$=TDH<11\'.,4FF^H7CV([K6GN
M9C*T"J_?'%-7%[O1#9M6EEVD1;=OH:!770>FM.H0& -M.3SUIWD.Z+2^)F1&
M1;<*K'D!OQJ7S/<=X^9*OBV1')6W4!A@@$TM1WCV8#Q);R*#+:ONSR0W6B\N
MR%[O=DLGBFV>()]E<;>A!YHO/L%H=V0'Q%;B0,(&('.#BG>0-0[LF'BJ+[.\
M;0,N_GY<<4:@N7N5UUZ$1E=DC8^Z33VZ![K(&UB(NI D]\T?(3L-FU&VE?<-
MRYYQC@&B[[ [%F'6;00'S"?,(QD+1S=+ DGK<J'4;<DCG&?O8H%\P.H6X/!+
M?4&B]M@)K?4[56'G$]_X>E*]N@TD3#4;-(Y'64EB<JOI1TV'\PCO;5U5GN%7
M/)SUHYK HME@7]E&A GC=L]_2ES=A\I$]Y9O(K^<@/'\72G=6%RLN?;]/,?-
MS'GV-)R0<C!)[-VXN8V;'KTIJ2V#D8-/&)%^X1DX(:E==T/D9-'<V^ #(HXZ
MAJ;:74%3ET0CRQLX(DCQCIFES)=0]G+L-D\@D,C(&XR :?.NHO9R70T$2P,"
MEKA=V,D;N*.>/0'3GV'&&UW.$9  .&+#G]:&UW%RR[#HK>WC :1U<^A8=:+K
MH#B^H]I3+$(U*1A.3\U*ZZL=FMD93 _:W%J!DCDYXJEJ)Z;CTMCG@J9 .I/
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ML3@T6%<3Y^GS8]*+ *#*HP"X!Y(HL%Q_VBX";=YQ]*>H[C$9U(=20?6D(?\
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M>Y48XP"W:G=7$RB\.)2,@_C2T"PUE9$/) QZT6'J@C69T).6 '%-1%=BHN.
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MR#(2'IB  %L$]NE" ) ,;E'08QB@!T9)"_-P*$.XO(FRX.W'0TA#YF+L&V@
M=* +%FNU"6QSQ]*;&A;MBSJN?O4OD!3;H>:$ ^1A'"3DC--W$01KLB '.*
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M:OH;TOBU40I:6PC7'' I7D]R[06QD7VN7E]&(Y9"%]!245U&YZ61FYSU[51
M*2.E  "2<]: 'Q$B52.M,#MU:2X@C=BO*#)J5IU&C/N&6$A7&3VQ3LAV*+7
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MG'6C4=R2V&7.]@#[T:H6K&I&"SASW.#U!HOY@QC MA%  !Z]*-PT) 74$;L
M#DBCU06L5S$7R PV"F(M*<@;0#CCYO6EJAW)/*W,),@#&",]Z.@$+^9'G9]X
M&G8+B0I+/YLDA&21DXI(/D&P*YS@$>E 6+C3Q)&L3*7/!SZ478[6W9.4@EV?
M/L*\C![TFQ:E".)VE9$/SL#G=S2=@;+;_P"A60BV(&8X(/>A^H))]#&CA0W#
M9X;/;TJD*Q9DS$GEJ01V]Z3'ZE-]_F+A=Q)Z9Z4]17'K A52R J>":5PT(=0
MMXC/B*,#C'TIWN%K#E7%L(?+7W..:+,+(KK9)DB12'/(]*+"+UK%-"ICC)6-
MAR!WH:*3L6?*4G XSQTZT7#IH2KB)1MQE<_0TFP2)%P['81SC)QTH6@[6*K.
M2FPKSGJ*+=0T&-M!Q@YQ0K@/"X5<?44W?H)"_?897!Z]>E*XQX3#EE/.>#VH
M8%A'CCDVY#,@Z^AI":*=[="YG\JT?$9'S#WIK7R&]-B&6-HV4*#G%&HB%H_F
M)!.!30:BA 3T(%%[")(X^,=,>]%P)TC4(>A[XJ6UT&-*E7(P#[T  S*IS@8Z
M"C0+]BKL+2LV"W/Z525N@%E!N .,\4M0'",DG R>X'>C7J IC4N>.1ZT=0&N
M I.,949&>U#&BUO,T*,@7"\[?6E;L!=A4,K2#Y,C)6GMI80L^!=*N"2 <#%#
M86*:ND=[+E1D]?>AA8=<',"\<[N#Z4?,+JYRUX092/>@1 ,8QF@ &1]* $'7
MCB@!2: #KU.* !6QTYH 7/.1WH &SGDT .+\\'C- #D ).,<CO0 TY"\GW%
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M=_EVD L.:0QBRA)00<DGMVII 3/\@*J =PP2:3N%R%(RV6D)SU!]:+B+,4>
MQ8*0#0QVN22QK&0_RL=H.,]*+ZZ!8=YF"'3  IV;8P&3^]W*<G&/2DGT 1"H
ME!8;U)SZ8I!Z@Q#%WC4*,'.#1H%K$ =L #@4VA#=P,?+\CU[TD.Q*FQEQDY
MJE= *H4PL>I/&!4[ -*X4<E1GD47[@,D4*IV@@D\_2G?00D42CDK]:86'S%F
M?<2?E!  Z5/09"$.!D]?2GKV$.4!9#DC)H>B&78HDV[?,%#=D%F(8@HRQP 3
MUHYA%=P=VX#IVHZ@))O)VITZ9]Z+ 1!&0D-TSCB@"6 _-QT'44OD,L$[%+8(
M;KP:3T>P$)8A>A'<FJL!'. JJRMDF@1>TQ$5.02Q' ]Z.H%N%AL9<<KQCTJ>
MH="*\#B?S5()4X('IFFAE=-LMW,I SGTII/L)CKULP0D9QW!HN".7O'!E- B
M ]* $&,8H 4#C/%  1Z4 )C"^QI@*&Q_^JD HV\4 !!% "GKRN,4 .#8!]*
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MTVGD4/T%8O,@ P >@)&:;NF&I7=%'S<D#D<TK]+A9D9:.29HQ&<X!Y_I1<-
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M%^3Y@<CH?:A@(Q.YE7D9S3 ?&Q=B0/F&,"I DDG9L$IM(XP><T6L!&TC=&'
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M5.PM1!(V-I.1G/\ G\Z/D-C+BX:2#[G3^(CG-))H06K1L=TC?[(XXI^HR]&
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MVF-LGGOR: ]2W9E6B;8<,>!FC05BQ:N1=;!G(3&,46"Z*]PF+HK*P 8_E5:
MM1ULCJ;I@<[3P/6IL@([@HUKYB\-Q\O\Z:W Y^_A*G/;K]*;$5#$X/W3S[4
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M&V('%,1GAC+<-(1D#@4D!8!(7G &>*8$7); & ._:@1)\P()P!Z4#(YRR0D
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M ZC&:+M:A8D\^%9"(4..F#UI;CLN@V74'2/:H7=S^ ZT]0MH1M.9I5:1B6
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M5,<$\9JMP&D!Y),@@#C [5-TMP!,A%)4$]O_ *]/2X:"Q(&8DD#O]:86(_\
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M3'EMD$#@T 1^?M5UD4!NQ'3-)*P]"K/&,Y/88R*I)@5?N8ZX/I2$2AA(H
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M$(!4=!Z\T7 3)' X!''>FP'-DGC\<TDA@$.X;3D'L*+Z@#@KR, _7I1<0(S
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M/Y5&2:.:P6(?$2)YWFHO!'0"E>XC*PH /0XIL-A[2-(0IYS@=*+6 FD*HI#
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M5E.[,A.*$N@]]1ZY5 I4$$]0>11<6@F,(S#J.U'48F09"2<BD \(J$'[V<\
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M /,/1UR!W-/4"$VD1=VD^56.1CM1="U&2:?O :)PV<<&FK,>J*UQ;SQ#9(G
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MXY4\8HTN#)8R(X@&.XMP%)J1;D*0IY\F7*\]N>U.X[,D99(@D<C'+$;=OZT
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MPVV7S&!0 LO/-"!D%V7;+,H!'?'>G9H"M&7\H!PQ/:@+@2> V<=A0!+%\W4
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M2>_OUHV$5#R0.1QGBF(7C9@'MW[4 "*,@=,BD \_+@#N*8#&CWR1I@GD<8H
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M46[B\A(;J(S;-OS8/.*/0-!FUURQC'+<#- :!^[\_8K;3U(%&E]AVL3&159
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MBBW0!IOKJ%0AR6_O'Z4K:Z#O;H/LFN)?E>7<@Y/%%A7;T+-L5DN"K0_,Y^3
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M#FC6,?>Y'4'BBP# 28\@9%- 3.2J!SR2/NXZ4N@#)M@.5&<^O44*[ GBA2:
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M\CY0(SD>O2AB9TM(!: "@!,4 &* #% !B@ Q0 8H ,4 &* #% !B@ Q0 8H
M,4 &* #% !B@ Q0 8H ,#I0*PFWF@8H ' XH 38O/ YZT7%9!L7CY1QTXHNP
MY5V#8N",#GVIW8<J$\M?[H_*B[#E0>5'C&Q<?2CF?<+(/*3GY%P>O%%V%D)Y
M$7'[M>.GRCBB["R P1,"&C0@G)RHHYFNHN5=@$,2G*QH#C'"]J+L=D(+:
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4
M% !0 4 % !0 4 &* #% !0 4 % !0 4 % !0 4 % !0 4 % !0 8H ,4 &*
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * $H 6@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H 8[[&1<??;'Z$_TH =0 M !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 (>HX[T % "T % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 E !0 M !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0!5O;MK1586TTX.<^4 <?K1:3V_,+I;E/3_$%I?W)MT62
M*3^$2 #=]*F\D[20[=C5S5",F?Q!%;SK!+97:R-]T;!\WTYHM*__  0NC2MY
MO/A$GE219_AD&"*&K:,"6@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * $(H XC4K*=]2U"[M>&MI@QV\$<9R/RIVYE8-4='H>K)JEH"V%G3_6+_4>
MU0NS&UU1'JO_ "&=)'^V_P#(50C8% "T % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 E &+HXW:OK&>GFJ/YT 9&JV<V@ZDE_9#]RS=.PSU4^QIM7
M5P3MH:$E[%J.I:+/ >&,A(SRIVC@U*':QT-,0M !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 1RRQPH7E=44?Q,<"DVEN-*Y@Z'>6QU74SYR#SI08
M\L/F'/3UHYD%F;EQ!'<P/#*NY'&"*:T8CDK#3WT[Q5! V2F6:-O4;33:ZH+G
M9"D M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 ,>-)%VNH8>A&:
M:;6J$TGN,^R6_'[B/CD?(.*?//NQ*$8ZI$N*DH8T2/(CLH+)G:2.1GKB@+#Z
M %H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H 2@!: "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!* *UO>+/=W4"
MCFW903GKD9I 6:8"T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % ",0 2> !0!R/AN_,NOW6[.+G<P^H.1^F:0SKJ8A: "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@#/UV?[/H]RX^\R;%^IX_K0!R-N!I?B6
M).BQ2*K'ZC!_G0P1WM "T % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 )0!CZTPGO\ 3;'@[YO,<>RC/^- '*>(#G7;O_>Q^@H [RPN/M5A!/WD
M0$_7O0!8H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@#%MA]
MJ\574I.5M8EC7V)Y/]:.@')ZZV[6[HG_ )ZGI25P.M\*3^;HB+WC8K_7^M,#
M:H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * $SB@ S0 4 +0 4 -D=8T9V.%49
M)]J ,CPRA:QEO'^]=3-(?IG'^- '':N<ZI<'OO/.:$!O>"I^;F#V#C^5 '5T
M +0 4 )F@ H 6@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M.H&6/]X]S3; M4@%H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@""]MDO+.6WD^[(N,^A
M['\Z$)E#0;AKC3VM;D#S[8^5(I[@=/TI+1V&^YSWB+1#9L;BW4^0>O\ L^WT
MJM]42M'8Q;6>2UN4FCX=#N%(I'I5G=1WEI'<1'Y)!D>WM2 \VU'_ (_YC_MF
MF@1H^&=.:]U!'<9BAPS>Y["J6FHF=7K>KII=L,8:=_N+_6LV^B*2ZLX&XGEN
M9VEF<N[<DFFE8&[G0^$; RW'VR0?)%PGNQ_P'\ZK9$G8BD,6@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@"M?7L-A:M<3[MBD [1D\TG?HAHS1X
MKTO."\H]_+-1SO\ E?X?YCY5W >*M*.?WDG_ '[-'/+^5_A_F%EW'Q^)])=<
M_:=OLR,/Z4U)O=6#E[,T+:]MKM=UM/'*!UVMG'UIJ28FFB>J$+0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0!%+<P0$"::.,GH&8#/YTFTAJ+>PZ.1)4#Q
MNKJ>A4Y!IB:L/H * $9@H))P!WI-I;@-$J'HZ_G6?MJ?\R^\?*^PN]?4?G3]
MK#N@LQ=P]15<\>XA-P]11SQ[@+5 +0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % "4 &: "@!: "@ H * "@ H * "@ H * "@ H * "@ H 2@ S0 9H * %H
M * "@ H * "@ H * "@!* "@ H 6@ H * "@ H * "@ H * "@ H * "@ H
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M0>#_ (@BIDBHNQZ#IEXM_IT-TJ[1(.1Z$<$?F#20%JF 9H ,T % !0 4 &:
M"@ H ,T  H 6@ H 2@ H 6@#D/&H'VJU./X#S^- &UX9&/#]L#U^;_T(T :M
M !0!2U<9T>\XS^X?^1H \_T^PDU"\%O %W<G+'  [FFDA-OH:+^%]1W$+;J1
MZ^8*KECW_/\ R"[&#PUJ889M#CU$B_XTK+N#;%C\.:DLJ'[(PPPYWKQS]:+"
MNSO14E"T % !0 4 % !0 4 % !0 4 % !0 4 % !0!5U)VCTRZD1BK+"Y!'4
M'!H YKPM?WEUJC)/<RRJ(B<.V1G(I))%.39UU,D6@ H * "@ H * "@ H *
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MR_8VPLK**V5BPC7&X]ZE^0R?- !F@!-U "B@!: "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H :P!&#T]* .2T8_V5XFGL7.$?*+G\U_3^=#
MWN,T_%D<9T?>YPZ2*4]STQ^6?RH\A"^%;GSM&6(_>@8H<]QU'Z']*74;$O\
M%[XBL[,<I;CSY/KV'^?6FA/8T+FSEN"<7T\*GHL>T8_'&:328KR6UON,&_\
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MP]U<*?24;A^M.5*VHN?I8Z'PYKK:ENM[A0+A%W9 P&'3/UJ5<;L;U4(6@ H
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M7Y"SD$\T.+?VOP#F2Z,DTEKUM?NSJ"JLHB7 3[H&>U%K!>YOT +0 4 % !0
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M\C#\2ZG8ZFD+VI<RQDAMR8X/O]?YTU)O1JWW$M);,V/!DS/I#Q,?]5*0OL"
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MH1B*-4'^R,4G)O<%%+9#\4B@Q0 4 +0 4 % "4 8?BTC^QA_UU7^M %K0/\
MD!VO^Y_4T /U&X@TZ*2]9 9=NQ1W;T%*_1 D7(69H4:1=KE02/0TP)* "@ H
M * "@ H 2@!: ,'QAQHZ?]=1_(T 4O!'2]/3[G_LU '54 +0 4 5K^1H=/N9
M8SATB9E/N : //M'MH[W5;>WF8A';+<]< G'XXHO8&KGH<,$-NNV&)(U]%7%
M-R;W8E%(JZW=)::/<NY^\A11GDD\"I&CCO"__(PVO;[W_H)I@=9XF_Y%^Z_X
M#_Z$* ,GP4/GO"#V3_V:@#JZ .1\:0$7=O<9^5HRGX@Y_K0!J>$[E)=#CB!^
M>$LK#TYR/YTKC-K-,1S6O>(;C3]26WMEB950%]X/4_\ UL5-KNZ8]%N)KYGO
M?"D%U(BHX99'5>P.1_[,*NW014\&O SW-M*B-(0'7*@\=#_2DI..S)E!26JN
M=7]F@Q_J(_\ O@57/+N+V<.Q4U2>QTVS-Q/;1L 0H4(,D^E)U:BV?XE1A'L0
M:-J6GZA,WV2T,,BIEV\L+CVR*'.<E[Q5DMF8GC,_\3.$=_)'\S4B.DT'_D!V
M?_7,4P-"@ H S/$1QH5T>.@Z_P"\* .;\%G.L3'_ *8'_P!"6@#MJ %H * "
M@ H J:I=&RTR>Y7[R)\OUZ#]:3!'!Z993:QJ95I?F.7DD/) ]O?FJBE$4FV=
M;!X9TV(AFC>0C^^Y_I3YO+^OF))IWN1>(X;6S\/3K%#'&3M5<*!SNS_C2YY;
M7!02,KP5C^TKCU\K^HI%'37NK6%C)LN;E4?&=N"3^0J6U>P[70V;3M/U&%9'
M@1U<;E=1@G/.<CFM.=]2'%&+>^$5P6LYSGLDG/ZT[I^0:HP]&N9M/UJ(#<N9
M/+E3UYP?R-9N-WYEIGHHIB%H HZS'YNCWBY/^I8\>PS0!R7A"98];VX_UL;*
M/T/]* .Z'2@"EK4JPZ->,_3RF7\2,#^=)L#EO!7_ "%YC_TP/_H2TP)/&T9^
MW6\F#M,1&>W!_P#KB@";1- L[[2H[AY)=[Y!"D<8)'I5*2705C0_X1:PP!NE
M_,?X4^9=@L5[GPQIL> UV\.X\;V7GZ9%2YQ6X<LG\)J:/ID>EV\D<4K2AWW$
MG'H!2YHRUB"36Y)>6]C?'[/<K%(P&0I/S#Z=Z4:BV3&X.US%N_"$+Y-K.4]%
MD^8?GUJ[Q]"+-'/ZAI-WI;+)+'L7=A9(VX)[>XI..G<J,FMM#J/"NJRW]K)#
M<-NE@Q\YZL#Z_3%2M"CFO$<?EZ[=@]R&_-<TQ'H,3K)$DB_=8 B@!U %4ZG9
M)</ ]U$LJ8RK. ?UJ>9%<K,?QH<Z1#C_ )[C_P!!:J)#P4/^)5.?6<_^@K0!
MT5 '$^-<?VO#Q_RP'_H1H Z/PX,>'[3_ '/ZF@#D_$Q4>))B>0"F1[;10!WX
MH #0!Y]XH=7UZY"G.,#_ ,=% ,W?%D9B\/VT9;.R15)]<*: .>TG1)]521X7
MB54.#O)S^E-6ZBU-1?!T^WYI8 ?;-5[O?\/^"&HR3P?> ?(]L?\ @3#^E+06
MI?\ #VA7>F:D\\_E!/**#8V2>1[>U)I(2;;U1SFL*1KMV&X_?$_K2-#T@4"
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ML$TDO10ZX&??FGKT"R6[,30;&;5-76X?+)')YLK]B<YP/<FJM97)ZG?BD M
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M>W4$KGG4EPUYJ3W#+M,LFX@?6J$>G4 +0 E '#>,?^0V/^N2_P S0!UVD_\
M('LO^N"?^@B@#B=>Q_PD=P.GS@?H* /0: &7'%O)_NG^5 ' >&.?$%H/]X_^
M.F@#T*@!: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * $)Q0!YYKE\VIZJSH"8U/EQ*.I'_US22!FYIMC9Z%
M"MYJ<B+<D?*O78/0#U]Z<II:+5B2OJ6S<ZMJA_T./[#;'_EM*,NP]E[4N1_:
M?R'S+[.IRNOV366HO&TC29 .]CR2>M/3H*[>YF#K0!Z#X4&W08O]YOYT#'>)
MY1%H4^<9;"C\32M<##OO"L\4(EMF\TXR8_X@?;UK2T7L1[RW.=*-'(58%64\
M@\$5+36C+1T$.I'5],-C<MB\C^>WD/&\CM_O?XU*?+H]A[ZHZ?2+]=1TV*X'
MWB,./1AUH78&7:8A: "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 3%
M !B@ H 6@ H 2@ Q0 @4#D 9H$DD+CWH&&* #% !B@ H ,4 (5!&#TH%8B%I
M;JVY8(PWJ$&:KFEM<3A%Z-$V*DH* $*@C!Z4":3W*SZ982-N>S@9O4QBJYY/
M=BY431P11 B*-(\]=J@4.3>['9+8D Q4C&2012-F2-&.,990::E);,EQ3W0]
M5"J%4  = .U(H6@ H 9)&DJ%)%5U/56&0:$[; 1Q6=M Y:&"*-B,$H@'%-R;
MW8$U(!: "@ H * $(H I7NDV5^0US &8=&!(/YBFFTK":*L7AG2HCDP%_3>Q
M.*?-K=(E1Z-_U\C2BM8(8!#%$B18QM XJ;N]RDDMBM;Z-I]M<)/!;+'*F=K
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M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0 4 +0 4 )0 8H * %H * "@
M!,4 &* #% !B@ Q0 4 +0 F* #% !B@ H * #% !B@ Q0 4 +0 E !B@ Q0
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M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 )0
M4 +0 4 % $%Y +FTEA/\:D4"9YC(I20J1M()!% '?>'F6/P[;LQPJJQ)_$T#
M$\,J6TZ2[;&^ZF:0X^N,?I0!KT +0 4 )0 4 +0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0!G:[)<PZ3/-:2&.6,;LA0>!UZ^U)I/1@8GAG6+R
M[U-[>\N/,4QDH"H'((]!Z9I1@H[?F.]SJQ5"(YY5@@DFD^Y&I9OH!FD!P)\2
MZMN_X^2/;8O^%3RH=SL]#O&OM(@N)"#(00Y'J#C/]?QJD(OTP,3Q/JD^FV\
MM7VRR,>2 > .>OU%(:#PQ>WM_;SS7<@=0P5"% Y[]/J*=K W<VZ!"T % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 F: *MSJ-K:S10RR@2RL%5!R22
M<?@*GF5[#L]RT#D50A: "@ H * "@ H K:A>QZ?9274JLR1XR%Z\G']:3OT
MQ1XRL/\ GWN?^^5_QJ4Y]OQ_X [(7_A,M.Q_J+K_ +X7_&G=AH2IXMTML9:5
M,_WH^GY4N9]OR'RKN:MK?6U['YEK,DJ]]IZ?4=JI23$TT3CFF(6@ H * "@
MH * "@ H * "@ H * *5[JME82*EU.(V89 *DY'X"E<:5R>VN8KNW6>!]\;?
M=;&,TP:L34""@"&:ZM[<@3SQQ$]-[ 9_.E=(:3>PP:A9'I=P'_MH*7,NX^27
M87[=:?\ /U#_ -_!1SQ[C]G/L'VVU_Y^8?\ OX*7M(=P]G/LR6.6.5=T3JX!
MQE3FJ4D]B6FMQ],0A.* (OM, F\DS1B3^YN&?RI70^5VO8EIB G%)M+< S1=
M, S1< S3 ,T % $-Q=V]J%-Q-'$&Z;V S4RDH[C2N2)(LB*Z,&5AD,#P133N
M(=GVI@)N%*Z 7-, % !F@ S0 9I %, H ,T &: #- !0 M !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 E 'G?B" 6^N7" ?*6W#\1G^9H W8[C[/X'!!&Z0-&H^K$?RS0!T%C
M!]EL8(./W:!3CN<<T,"Q0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % $<\2SP21/]UU*GZ$8H \\T>0V>OVNX899?+;/;/RG^=#
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MP?.GOGO2<7'8I/FW.VC=9(U=&#*PR".A%-;$CZ8!0 4 % !0 4 % !0 4 %
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MU,JPO[K1K_ +JJ/B6$G@XZ_C6<HFB;/1E(*@@Y!YIB/.KVX>V\133)R8KIF
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MZ9IVN%[&%X:T.:TOI)KZ#8T:@1<@@DYR>/I^M4]-A;G48YJ1G&^,XHTOX)$
M$DB'?CJ<< T7"QO>%V=O#]OO.<;@#[!B!0!K4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!
MA^+8/-T4R#K"ZO\ T_K0@,WP?&9;IYB !!"(UX_O,6H ZT4 +0 4 % !0 4
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M%L4 >BPPI!"D48VHBA5'H!0W<!MY\ME.?2-OY4 >=Z):K>:O:PR %"V6![@
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M;)9V,-LGW8U"_4]S38%BD 4 8OBP9T"4?[2_SH RO X_>WAQ_"G]: .NH *
M,7Q;.(M!E0_>E94'YY_I2 Q/ \3'4+B8#"I%M/U)!'_H)I@0>,6+:X5/18U
M_7_&@"&WMM>\B,P?;A$0"NQR!CVYIJBM]/P#F9+Y/B$<AM1_[Z8_UI^R]/O0
M<S*UU9ZS/L^TPWLN/N[U+8H<+?\ #B<NYT.C1S6WA*\$D31.HE.&!!^[UI-
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M D0IGZC% 'E[;XS)%DKDX9<]2#0%SNO"5K]GT59",&=R_3!QT'\L_C38&W2
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M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H 2@ H 6@ H * "@ H *
M"@ H * "@ H * "@!.E !FDW8!,TP%'(H0"T % !0 4 % !0 4 % !0 4 %
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MZ8H V* *]_<"TL9[@_\ +-"P^N.*3 Y7P9:F2]N+R3DQC:I/J>O\OUJ@.QI
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MZ'9:#IG]EZ<(FP97.Z0CU]!38&E2 6@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@!#0!REH#XAU:
MY^TS.+:'[D"MC(R1D_ES]:244[O<;<K66A-JVBO9Z?+-IMQ/&%4EXO,)4KW_
M $S3M!]+"4I=[FWI7_()L_\ K@G_ *"* += !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % "4 % "T
M % !0 4 )0 4 % !0 8H ,4 &* "@ Q0 4 % !B@ H ,4 '2@##NO%%C;330
MM'.9(F*D!1@D?C4N_0I)=SF(Q/XAUT,R$>8P+ '[B#']/YU458EGH4:JD:HJ
MA548 '84 .H * "@!* "@ Q0 8H  ,4 +0 E !B@ Q0 8H * #% !B@ Q0
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M?XT^9=A-76YH66FVE@I%K L>[J>I/X]:3=QV+0XI#%H * "@ H * "@ H *
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MD4R-N90!C\*I-$-2?7^OO-#3M*M=-1A;J=S?>=CEC2;OH4E9W+M(8M !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 (: ,_1[\ZCIXF<*'#,KA1P"#_ (8I(&C(\3:+
M;I9RWULHBD4C>HX!'3IZ]/UJKWW$M&:7AF6671(C*2=I958]P#Q_A^%)*Q3=
MV:U @H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
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M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * $H ,4 &* "@!: "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
MH * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M"@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "
M@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H
M* "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
M H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H *
M "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
>H * "@ H * "@ H * "@ H * "@ H * "@ H __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6871958880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - shares<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Oct. 20, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">PNM RESOURCES INC<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001108426<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-Q<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Sep. 30,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">79,653,624<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">PUBLIC SERVICE CO OF NEW MEXICO<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000081023<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,117,799<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">TEXAS NEW MEXICO POWER CO<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000022767<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,358<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874224848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Condensed Consolidated Statements of Earnings - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric Operating Revenues</a></td>
<td class="nump">$ 419,900<span></span>
</td>
<td class="nump">$ 400,374<span></span>
</td>
<td class="nump">$ 1,112,398<span></span>
</td>
<td class="nump">$ 1,026,726<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">103,748<span></span>
</td>
<td class="nump">108,766<span></span>
</td>
<td class="nump">310,818<span></span>
</td>
<td class="nump">282,498<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">Administrative and general</a></td>
<td class="nump">46,268<span></span>
</td>
<td class="nump">46,942<span></span>
</td>
<td class="nump">138,923<span></span>
</td>
<td class="nump">139,214<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricProductionExpense', window );">Energy production costs</a></td>
<td class="nump">31,970<span></span>
</td>
<td class="nump">31,460<span></span>
</td>
<td class="nump">98,150<span></span>
</td>
<td class="nump">112,026<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">16,451<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">17,225<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">58,821<span></span>
</td>
<td class="nump">53,017<span></span>
</td>
<td class="nump">172,829<span></span>
</td>
<td class="nump">153,801<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TransmissionAndDistributionCosts', window );">Transmission and distribution costs</a></td>
<td class="nump">16,801<span></span>
</td>
<td class="nump">16,056<span></span>
</td>
<td class="nump">50,309<span></span>
</td>
<td class="nump">49,965<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpenseTaxes', window );">Taxes other than income taxes</a></td>
<td class="nump">19,808<span></span>
</td>
<td class="nump">19,611<span></span>
</td>
<td class="nump">57,820<span></span>
</td>
<td class="nump">57,598<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpense', window );">Total operating expenses</a></td>
<td class="nump">277,416<span></span>
</td>
<td class="nump">292,303<span></span>
</td>
<td class="nump">828,849<span></span>
</td>
<td class="nump">812,327<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">142,484<span></span>
</td>
<td class="nump">108,071<span></span>
</td>
<td class="nump">283,549<span></span>
</td>
<td class="nump">214,399<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpenseAbstract', window );"><strong>Other Income and Deductions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">3,582<span></span>
</td>
<td class="nump">4,604<span></span>
</td>
<td class="nump">12,348<span></span>
</td>
<td class="nump">18,420<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gains on available-for-sale securities</a></td>
<td class="nump">5,406<span></span>
</td>
<td class="nump">4,531<span></span>
</td>
<td class="nump">17,730<span></span>
</td>
<td class="nump">15,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="nump">6,275<span></span>
</td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">14,626<span></span>
</td>
<td class="nump">13,413<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other (deductions)</a></td>
<td class="num">(4,571)<span></span>
</td>
<td class="num">(3,764)<span></span>
</td>
<td class="num">(10,958)<span></span>
</td>
<td class="num">(10,866)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Net other income and deductions</a></td>
<td class="nump">10,692<span></span>
</td>
<td class="nump">10,255<span></span>
</td>
<td class="nump">33,746<span></span>
</td>
<td class="nump">36,347<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest Charges</a></td>
<td class="nump">32,106<span></span>
</td>
<td class="nump">32,467<span></span>
</td>
<td class="nump">96,137<span></span>
</td>
<td class="nump">97,179<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">121,070<span></span>
</td>
<td class="nump">85,859<span></span>
</td>
<td class="nump">221,158<span></span>
</td>
<td class="nump">153,567<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Taxes</a></td>
<td class="nump">42,743<span></span>
</td>
<td class="nump">27,303<span></span>
</td>
<td class="nump">75,154<span></span>
</td>
<td class="nump">50,094<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">78,327<span></span>
</td>
<td class="nump">58,556<span></span>
</td>
<td class="nump">146,004<span></span>
</td>
<td class="nump">103,473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">(Earnings) Attributable to Valencia Non-controlling Interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Preferred Stock Dividend Requirements of Subsidiary</a></td>
<td class="num">(132)<span></span>
</td>
<td class="num">(132)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Earnings Attributable to PNMR</a></td>
<td class="nump">73,739<span></span>
</td>
<td class="nump">54,418<span></span>
</td>
<td class="nump">134,156<span></span>
</td>
<td class="nump">92,040<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="nump">$ 73,739<span></span>
</td>
<td class="nump">$ 54,418<span></span>
</td>
<td class="nump">$ 134,156<span></span>
</td>
<td class="nump">$ 92,040<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract', window );"><strong>Net Earnings Attributable to PNMR per Common Share:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare', window );">Basic (dollars per share)</a></td>
<td class="nump">$ 0.92<span></span>
</td>
<td class="nump">$ 0.68<span></span>
</td>
<td class="nump">$ 1.68<span></span>
</td>
<td class="nump">$ 1.15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare', window );">Diluted (dollars per share)</a></td>
<td class="nump">0.92<span></span>
</td>
<td class="nump">0.68<span></span>
</td>
<td class="nump">1.67<span></span>
</td>
<td class="nump">1.15<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Dividends Declared per Common Share (dollars per share)</a></td>
<td class="nump">$ 0.2425<span></span>
</td>
<td class="nump">$ 0.22<span></span>
</td>
<td class="nump">$ 0.7275<span></span>
</td>
<td class="nump">$ 0.66<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric Operating Revenues</a></td>
<td class="nump">$ 327,254<span></span>
</td>
<td class="nump">$ 311,276<span></span>
</td>
<td class="nump">$ 854,909<span></span>
</td>
<td class="nump">$ 780,228<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">82,367<span></span>
</td>
<td class="nump">88,565<span></span>
</td>
<td class="nump">246,635<span></span>
</td>
<td class="nump">222,376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">Administrative and general</a></td>
<td class="nump">42,026<span></span>
</td>
<td class="nump">41,370<span></span>
</td>
<td class="nump">127,012<span></span>
</td>
<td class="nump">122,553<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricProductionExpense', window );">Energy production costs</a></td>
<td class="nump">31,970<span></span>
</td>
<td class="nump">31,460<span></span>
</td>
<td class="nump">98,150<span></span>
</td>
<td class="nump">112,026<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">16,451<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">17,225<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">36,764<span></span>
</td>
<td class="nump">33,312<span></span>
</td>
<td class="nump">109,228<span></span>
</td>
<td class="nump">97,778<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TransmissionAndDistributionCosts', window );">Transmission and distribution costs</a></td>
<td class="nump">10,207<span></span>
</td>
<td class="nump">9,311<span></span>
</td>
<td class="nump">30,301<span></span>
</td>
<td class="nump">29,868<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpenseTaxes', window );">Taxes other than income taxes</a></td>
<td class="nump">10,668<span></span>
</td>
<td class="nump">10,750<span></span>
</td>
<td class="nump">32,837<span></span>
</td>
<td class="nump">33,289<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpense', window );">Total operating expenses</a></td>
<td class="nump">214,002<span></span>
</td>
<td class="nump">231,219<span></span>
</td>
<td class="nump">644,163<span></span>
</td>
<td class="nump">635,115<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">113,252<span></span>
</td>
<td class="nump">80,057<span></span>
</td>
<td class="nump">210,746<span></span>
</td>
<td class="nump">145,113<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpenseAbstract', window );"><strong>Other Income and Deductions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">1,782<span></span>
</td>
<td class="nump">1,509<span></span>
</td>
<td class="nump">6,457<span></span>
</td>
<td class="nump">8,549<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnInvestments', window );">Gains on available-for-sale securities</a></td>
<td class="nump">5,406<span></span>
</td>
<td class="nump">4,531<span></span>
</td>
<td class="nump">17,730<span></span>
</td>
<td class="nump">15,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="nump">3,762<span></span>
</td>
<td class="nump">3,239<span></span>
</td>
<td class="nump">10,270<span></span>
</td>
<td class="nump">9,578<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other (deductions)</a></td>
<td class="num">(2,826)<span></span>
</td>
<td class="num">(2,790)<span></span>
</td>
<td class="num">(8,076)<span></span>
</td>
<td class="num">(7,653)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Net other income and deductions</a></td>
<td class="nump">8,124<span></span>
</td>
<td class="nump">6,489<span></span>
</td>
<td class="nump">26,381<span></span>
</td>
<td class="nump">25,854<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest Charges</a></td>
<td class="nump">20,451<span></span>
</td>
<td class="nump">22,213<span></span>
</td>
<td class="nump">62,393<span></span>
</td>
<td class="nump">66,494<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">100,925<span></span>
</td>
<td class="nump">64,333<span></span>
</td>
<td class="nump">174,734<span></span>
</td>
<td class="nump">104,473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Taxes</a></td>
<td class="nump">35,642<span></span>
</td>
<td class="nump">19,343<span></span>
</td>
<td class="nump">58,865<span></span>
</td>
<td class="nump">32,131<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">65,283<span></span>
</td>
<td class="nump">44,990<span></span>
</td>
<td class="nump">115,869<span></span>
</td>
<td class="nump">72,342<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">(Earnings) Attributable to Valencia Non-controlling Interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Preferred Stock Dividend Requirements of Subsidiary</a></td>
<td class="num">(132)<span></span>
</td>
<td class="num">(132)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Earnings Attributable to PNMR</a></td>
<td class="nump">60,827<span></span>
</td>
<td class="nump">40,984<span></span>
</td>
<td class="nump">104,417<span></span>
</td>
<td class="nump">61,305<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="nump">60,695<span></span>
</td>
<td class="nump">40,852<span></span>
</td>
<td class="nump">104,021<span></span>
</td>
<td class="nump">60,909<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric Operating Revenues</a></td>
<td class="nump">92,646<span></span>
</td>
<td class="nump">89,098<span></span>
</td>
<td class="nump">257,489<span></span>
</td>
<td class="nump">246,498<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">21,381<span></span>
</td>
<td class="nump">20,201<span></span>
</td>
<td class="nump">64,183<span></span>
</td>
<td class="nump">60,122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">Administrative and general</a></td>
<td class="nump">10,765<span></span>
</td>
<td class="nump">9,588<span></span>
</td>
<td class="nump">30,402<span></span>
</td>
<td class="nump">29,382<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">16,424<span></span>
</td>
<td class="nump">16,354<span></span>
</td>
<td class="nump">47,392<span></span>
</td>
<td class="nump">45,760<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TransmissionAndDistributionCosts', window );">Transmission and distribution costs</a></td>
<td class="nump">6,594<span></span>
</td>
<td class="nump">6,745<span></span>
</td>
<td class="nump">20,008<span></span>
</td>
<td class="nump">20,097<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpenseTaxes', window );">Taxes other than income taxes</a></td>
<td class="nump">8,008<span></span>
</td>
<td class="nump">7,851<span></span>
</td>
<td class="nump">21,778<span></span>
</td>
<td class="nump">20,849<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpense', window );">Total operating expenses</a></td>
<td class="nump">63,172<span></span>
</td>
<td class="nump">60,739<span></span>
</td>
<td class="nump">183,763<span></span>
</td>
<td class="nump">176,210<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">29,474<span></span>
</td>
<td class="nump">28,359<span></span>
</td>
<td class="nump">73,726<span></span>
</td>
<td class="nump">70,288<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpenseAbstract', window );"><strong>Other Income and Deductions:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="nump">2,258<span></span>
</td>
<td class="nump">1,376<span></span>
</td>
<td class="nump">3,621<span></span>
</td>
<td class="nump">2,999<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherExpenses', window );">Other (deductions)</a></td>
<td class="num">(1,030)<span></span>
</td>
<td class="num">(521)<span></span>
</td>
<td class="num">(1,229)<span></span>
</td>
<td class="num">(860)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncomeExpense', window );">Net other income and deductions</a></td>
<td class="nump">1,228<span></span>
</td>
<td class="nump">855<span></span>
</td>
<td class="nump">2,392<span></span>
</td>
<td class="nump">2,139<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest Charges</a></td>
<td class="nump">7,704<span></span>
</td>
<td class="nump">7,308<span></span>
</td>
<td class="nump">22,619<span></span>
</td>
<td class="nump">22,150<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">22,998<span></span>
</td>
<td class="nump">21,906<span></span>
</td>
<td class="nump">53,499<span></span>
</td>
<td class="nump">50,277<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income Taxes</a></td>
<td class="nump">8,271<span></span>
</td>
<td class="nump">8,053<span></span>
</td>
<td class="nump">18,964<span></span>
</td>
<td class="nump">18,460<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Earnings Attributable to PNMR</a></td>
<td class="nump">$ 14,727<span></span>
</td>
<td class="nump">$ 13,853<span></span>
</td>
<td class="nump">$ 34,535<span></span>
</td>
<td class="nump">$ 31,817<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income Loss From Continuing Operations Attributable To Parent Per Share [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncomeLossFromContinuingOperationsAttributableToParentPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_TransmissionAndDistributionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Costs incurred for transmission and distribution of electricity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_TransmissionAndDistributionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSoldElectric">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs related to electricity produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsSoldElectric</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfServicesDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Depreciation of property, plant and equipment directly related to services rendered by an entity during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfServicesDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ElectricProductionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cost incurred directly related to electricity produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ElectricProductionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ElectricUtilityRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue, whether regulated or unregulated, derived from the generation, transmission and distribution of electricity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ElectricUtilityRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (c)-(e)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(c),9(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27405-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4,6)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) related to nonoperating activities, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNonoperatingIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNonoperatingIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UtilitiesOperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating expense of regulated operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UtilitiesOperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UtilitiesOperatingExpenseTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating expense for taxes other than income taxes of regulated operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UtilitiesOperatingExpenseTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6853850800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Condensed Consolidated Statements of Comprehensive Income - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">$ 78,327<span></span>
</td>
<td class="nump">$ 58,556<span></span>
</td>
<td class="nump">$ 146,004<span></span>
</td>
<td class="nump">$ 103,473<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Unrealized Gains on Available-for-Sale Securities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized holding gains arising during the period, net of income tax (expense)</a></td>
<td class="nump">4,528<span></span>
</td>
<td class="nump">2,933<span></span>
</td>
<td class="nump">13,648<span></span>
</td>
<td class="nump">1,899<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax', window );">Reclassification adjustment for (gains) included in net earnings, net of income tax expense</a></td>
<td class="num">(2,526)<span></span>
</td>
<td class="num">(3,101)<span></span>
</td>
<td class="num">(6,786)<span></span>
</td>
<td class="num">(6,180)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Pension Liability Adjustment:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax', window );">Reclassification adjustment for amortization of experience losses recognized as net periodic benefit cost, net of income tax expense (benefit)</a></td>
<td class="nump">987<span></span>
</td>
<td class="nump">839<span></span>
</td>
<td class="nump">2,961<span></span>
</td>
<td class="nump">2,517<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Fair Value Adjustment for Cash Flow Hedges:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax', window );">Change in fair market value, net of income tax (expense) benefit of $(4), $(172), $108, and $509</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">269<span></span>
</td>
<td class="num">(170)<span></span>
</td>
<td class="num">(796)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax', window );">Reclassification adjustment for (gains) losses included in net earnings, net of income tax expense (benefit) of $(62), $(79), $(187), and $(224)</a></td>
<td class="nump">99<span></span>
</td>
<td class="nump">123<span></span>
</td>
<td class="nump">297<span></span>
</td>
<td class="nump">349<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="nump">3,094<span></span>
</td>
<td class="nump">1,063<span></span>
</td>
<td class="nump">9,950<span></span>
</td>
<td class="num">(2,211)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive Income</a></td>
<td class="nump">81,421<span></span>
</td>
<td class="nump">59,619<span></span>
</td>
<td class="nump">155,954<span></span>
</td>
<td class="nump">101,262<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive (Income) Attributable to Valencia Non-controlling Interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PreferredStockDividendRequirementsOfSubsidiary', window );">Preferred Stock Dividend Requirements of Subsidiary</a></td>
<td class="num">(132)<span></span>
</td>
<td class="num">(132)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive Income Attributable to PNMR</a></td>
<td class="nump">76,833<span></span>
</td>
<td class="nump">55,481<span></span>
</td>
<td class="nump">144,106<span></span>
</td>
<td class="nump">89,829<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">65,283<span></span>
</td>
<td class="nump">44,990<span></span>
</td>
<td class="nump">115,869<span></span>
</td>
<td class="nump">72,342<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Unrealized Gains on Available-for-Sale Securities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized holding gains arising during the period, net of income tax (expense)</a></td>
<td class="nump">4,528<span></span>
</td>
<td class="nump">2,933<span></span>
</td>
<td class="nump">13,648<span></span>
</td>
<td class="nump">1,899<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax', window );">Reclassification adjustment for (gains) included in net earnings, net of income tax expense</a></td>
<td class="num">(2,526)<span></span>
</td>
<td class="num">(3,101)<span></span>
</td>
<td class="num">(6,786)<span></span>
</td>
<td class="num">(6,180)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Pension Liability Adjustment:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax', window );">Reclassification adjustment for amortization of experience losses recognized as net periodic benefit cost, net of income tax expense (benefit)</a></td>
<td class="nump">987<span></span>
</td>
<td class="nump">839<span></span>
</td>
<td class="nump">2,961<span></span>
</td>
<td class="nump">2,517<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Fair Value Adjustment for Cash Flow Hedges:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="nump">2,989<span></span>
</td>
<td class="nump">671<span></span>
</td>
<td class="nump">9,823<span></span>
</td>
<td class="num">(1,764)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive Income</a></td>
<td class="nump">68,272<span></span>
</td>
<td class="nump">45,661<span></span>
</td>
<td class="nump">125,692<span></span>
</td>
<td class="nump">70,578<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive (Income) Attributable to Valencia Non-controlling Interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive Income Attributable to PNMR</a></td>
<td class="nump">$ 63,816<span></span>
</td>
<td class="nump">$ 41,655<span></span>
</td>
<td class="nump">$ 114,240<span></span>
</td>
<td class="nump">$ 59,541<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PreferredStockDividendRequirementsOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred stock cash dividend declared by a subsidiary of the entity during the period. This element includes paid and unpaid dividends declared during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PreferredStockDividendRequirementsOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e557-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4613674-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569643-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecreaseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84158357&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e689-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph c<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=d3e41638-113959<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after tax, of reclassification adjustment from accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6872337408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax', window );">Unrealized holding gains (losses) arising during the period, income tax (expense) benefit</a></td>
<td class="num">$ (2,871)<span></span>
</td>
<td class="num">$ (1,877)<span></span>
</td>
<td class="num">$ (8,654)<span></span>
</td>
<td class="num">$ (1,216)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax', window );">Reclassification adjustment for (gains) losses included in net earnings, income tax expense (benefit)</a></td>
<td class="nump">1,601<span></span>
</td>
<td class="nump">1,985<span></span>
</td>
<td class="nump">4,302<span></span>
</td>
<td class="nump">3,955<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent', window );">Pension liability adjustment, income tax expense (benefit)</a></td>
<td class="num">(626)<span></span>
</td>
<td class="num">(537)<span></span>
</td>
<td class="num">(1,878)<span></span>
</td>
<td class="num">(1,611)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax', window );">Change in fair market value, income tax (expense) benefit</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(172)<span></span>
</td>
<td class="nump">108<span></span>
</td>
<td class="nump">509<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax', window );">Reclassification adjustment for (gains) losses included in net earnings (loss), income tax expense (benefit)</a></td>
<td class="num">(62)<span></span>
</td>
<td class="num">(79)<span></span>
</td>
<td class="num">(187)<span></span>
</td>
<td class="num">(224)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax', window );">Unrealized holding gains (losses) arising during the period, income tax (expense) benefit</a></td>
<td class="num">(2,871)<span></span>
</td>
<td class="num">(1,877)<span></span>
</td>
<td class="num">(8,654)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax', window );">Reclassification adjustment for (gains) losses included in net earnings, income tax expense (benefit)</a></td>
<td class="nump">1,601<span></span>
</td>
<td class="nump">1,985<span></span>
</td>
<td class="nump">4,302<span></span>
</td>
<td class="nump">3,955<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent', window );">Pension liability adjustment, income tax expense (benefit)</a></td>
<td class="num">$ (626)<span></span>
</td>
<td class="num">$ (537)<span></span>
</td>
<td class="num">$ (1,878)<span></span>
</td>
<td class="num">$ (1,611)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after reclassification adjustment, of tax (expense) benefit for (increase) decrease in accumulated other comprehensive income for defined benefit plan, attributable to parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569643-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e640-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph c<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=d3e41638-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e,f)<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874598064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Condensed Consolidated Statements of Cash Flows - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">$ 146,004<span></span>
</td>
<td class="nump">$ 103,473<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net earnings</a></td>
<td class="nump">134,156<span></span>
</td>
<td class="nump">92,040<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net earnings to net cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">200,286<span></span>
</td>
<td class="nump">178,137<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax expense</a></td>
<td class="nump">75,224<span></span>
</td>
<td class="nump">50,302<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Net unrealized (gains) losses on commodity derivatives</a></td>
<td class="nump">968<span></span>
</td>
<td class="nump">2,179<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfInvestments', window );">Realized (gains) on available-for-sale securities</a></td>
<td class="num">(17,730)<span></span>
</td>
<td class="num">(15,380)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock based compensation expense</a></td>
<td class="nump">5,322<span></span>
</td>
<td class="nump">4,401<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">17,225<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction', window );">Allowance for equity funds used during construction</a></td>
<td class="num">(6,217)<span></span>
</td>
<td class="num">(3,058)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNoncashIncomeExpense', window );">Other, net</a></td>
<td class="nump">1,409<span></span>
</td>
<td class="nump">2,104<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in certain assets and liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues', window );">Accounts receivable and unbilled revenues</a></td>
<td class="num">(21,077)<span></span>
</td>
<td class="num">(1,145)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Materials, supplies, and fuel stock</a></td>
<td class="num">(203)<span></span>
</td>
<td class="num">(4,629)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentAssets', window );">Other current assets</a></td>
<td class="nump">22,761<span></span>
</td>
<td class="num">(11,819)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
<td class="num">(5,981)<span></span>
</td>
<td class="nump">1,916<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
<td class="nump">3,729<span></span>
</td>
<td class="nump">6,192<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccruedInterestAndTaxes', window );">Accrued interest and taxes</a></td>
<td class="nump">20,722<span></span>
</td>
<td class="nump">20,816<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities', window );">Other current liabilities</a></td>
<td class="num">(1,588)<span></span>
</td>
<td class="num">(19,431)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities', window );">Other liabilities</a></td>
<td class="num">(6,292)<span></span>
</td>
<td class="num">(10,297)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash flows from operating activities</a></td>
<td class="nump">417,337<span></span>
</td>
<td class="nump">320,986<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireProductiveAssets', window );">Additions to utility and non-utility plant</a></td>
<td class="num">(353,423)<span></span>
</td>
<td class="num">(502,530)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities', window );">Proceeds from sales of available-for-sale securities</a></td>
<td class="nump">456,577<span></span>
</td>
<td class="nump">280,989<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireMarketableSecurities', window );">Purchases of available-for-sale securities</a></td>
<td class="num">(461,126)<span></span>
</td>
<td class="num">(284,706)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReturnOfPrincipalOnPvngsLessorNotes', window );">Return of principal on PVNGS lessor notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">8,547<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInvestments', window );">Investment in Westmoreland Loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(122,250)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment', window );">Principal repayments on Westmoreland Loan</a></td>
<td class="nump">28,770<span></span>
</td>
<td class="nump">15,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other, net</a></td>
<td class="nump">160<span></span>
</td>
<td class="nump">179<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash flows from investing activities</a></td>
<td class="num">(329,042)<span></span>
</td>
<td class="num">(604,771)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit', window );">Revolving credit facilities borrowings (repayments), net</a></td>
<td class="num">(20,600)<span></span>
</td>
<td class="nump">105,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Long-term borrowings</a></td>
<td class="nump">317,000<span></span>
</td>
<td class="nump">503,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Repayment of long-term debt</a></td>
<td class="num">(263,323)<span></span>
</td>
<td class="num">(288,157)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from stock option exercise</a></td>
<td class="nump">1,739<span></span>
</td>
<td class="nump">6,668<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Awards of common stock</a></td>
<td class="num">(13,816)<span></span>
</td>
<td class="num">(14,920)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfOrdinaryDividends', window );">Dividends paid</a></td>
<td class="num">(58,344)<span></span>
</td>
<td class="num">(52,967)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsMinorityInterest', window );">Valencia&#8217;s transactions with its owner</a></td>
<td class="num">(12,963)<span></span>
</td>
<td class="num">(12,327)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ProceedsFromTransmissionInterconnectionArrangements', window );">Amounts received under transmission interconnection arrangements</a></td>
<td class="nump">11,879<span></span>
</td>
<td class="nump">3,262<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RepaymentsFromTransmissionInterconnectionArrangement', window );">Refunds paid under transmission interconnection arrangements</a></td>
<td class="num">(9,368)<span></span>
</td>
<td class="num">(2,246)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other, net</a></td>
<td class="num">(1,872)<span></span>
</td>
<td class="num">(2,698)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash flows from financing activities</a></td>
<td class="num">(49,668)<span></span>
</td>
<td class="nump">245,415<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Change in Cash and Cash Equivalents</a></td>
<td class="nump">38,627<span></span>
</td>
<td class="num">(38,370)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at Beginning of Period</a></td>
<td class="nump">4,522<span></span>
</td>
<td class="nump">46,051<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at End of Period</a></td>
<td class="nump">43,149<span></span>
</td>
<td class="nump">7,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow Disclosures:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction', window );">Interest paid, net of amounts capitalized</a></td>
<td class="nump">75,356<span></span>
</td>
<td class="nump">75,537<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes paid (refunded), net</a></td>
<td class="nump">625<span></span>
</td>
<td class="nump">850<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Supplemental schedule of noncash investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid', window );">(Increase) decrease in accrued plant additions</a></td>
<td class="num">(4,499)<span></span>
</td>
<td class="nump">30,208<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">115,869<span></span>
</td>
<td class="nump">72,342<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net earnings</a></td>
<td class="nump">104,417<span></span>
</td>
<td class="nump">61,305<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net earnings to net cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">134,541<span></span>
</td>
<td class="nump">122,344<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax expense</a></td>
<td class="nump">59,866<span></span>
</td>
<td class="nump">33,175<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Net unrealized (gains) losses on commodity derivatives</a></td>
<td class="nump">968<span></span>
</td>
<td class="nump">2,179<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfInvestments', window );">Realized (gains) on available-for-sale securities</a></td>
<td class="num">(17,730)<span></span>
</td>
<td class="num">(15,380)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">17,225<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction', window );">Allowance for equity funds used during construction</a></td>
<td class="num">(5,908)<span></span>
</td>
<td class="num">(2,654)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNoncashIncomeExpense', window );">Other, net</a></td>
<td class="nump">1,705<span></span>
</td>
<td class="nump">2,091<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in certain assets and liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues', window );">Accounts receivable and unbilled revenues</a></td>
<td class="num">(13,881)<span></span>
</td>
<td class="nump">8,283<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Materials, supplies, and fuel stock</a></td>
<td class="nump">1,385<span></span>
</td>
<td class="num">(7,731)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentAssets', window );">Other current assets</a></td>
<td class="nump">24,488<span></span>
</td>
<td class="num">(4,005)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
<td class="nump">6,925<span></span>
</td>
<td class="nump">10,117<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
<td class="nump">123<span></span>
</td>
<td class="nump">6,819<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccruedInterestAndTaxes', window );">Accrued interest and taxes</a></td>
<td class="nump">16,221<span></span>
</td>
<td class="nump">16,146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities', window );">Other current liabilities</a></td>
<td class="num">(17,988)<span></span>
</td>
<td class="num">(18,908)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities', window );">Other liabilities</a></td>
<td class="num">(8,792)<span></span>
</td>
<td class="num">(13,401)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash flows from operating activities</a></td>
<td class="nump">297,792<span></span>
</td>
<td class="nump">228,642<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireProductiveAssets', window );">Additions to utility and non-utility plant</a></td>
<td class="num">(206,499)<span></span>
</td>
<td class="num">(377,637)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities', window );">Proceeds from sales of available-for-sale securities</a></td>
<td class="nump">456,577<span></span>
</td>
<td class="nump">280,989<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireMarketableSecurities', window );">Purchases of available-for-sale securities</a></td>
<td class="num">(461,126)<span></span>
</td>
<td class="num">(284,706)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReturnOfPrincipalOnPvngsLessorNotes', window );">Return of principal on PVNGS lessor notes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">8,547<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other, net</a></td>
<td class="nump">150<span></span>
</td>
<td class="nump">171<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash flows from investing activities</a></td>
<td class="num">(210,898)<span></span>
</td>
<td class="num">(372,636)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit', window );">Revolving credit facilities borrowings (repayments), net</a></td>
<td class="num">(61,000)<span></span>
</td>
<td class="nump">42,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Long-term borrowings</a></td>
<td class="nump">257,000<span></span>
</td>
<td class="nump">321,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Repayment of long-term debt</a></td>
<td class="num">(232,000)<span></span>
</td>
<td class="num">(271,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromContributionsFromParent', window );">Equity contribution from parent</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">28,142<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfOrdinaryDividends', window );">Dividends paid</a></td>
<td class="num">(396)<span></span>
</td>
<td class="num">(4,538)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsMinorityInterest', window );">Valencia&#8217;s transactions with its owner</a></td>
<td class="num">(12,963)<span></span>
</td>
<td class="num">(12,327)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ProceedsFromTransmissionInterconnectionArrangements', window );">Amounts received under transmission interconnection arrangements</a></td>
<td class="nump">11,879<span></span>
</td>
<td class="nump">3,262<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RepaymentsFromTransmissionInterconnectionArrangement', window );">Refunds paid under transmission interconnection arrangements</a></td>
<td class="nump">9,368<span></span>
</td>
<td class="nump">2,246<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other, net</a></td>
<td class="num">(1,000)<span></span>
</td>
<td class="num">(1,944)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash flows from financing activities</a></td>
<td class="num">(47,848)<span></span>
</td>
<td class="nump">102,749<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Change in Cash and Cash Equivalents</a></td>
<td class="nump">39,046<span></span>
</td>
<td class="num">(41,245)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at Beginning of Period</a></td>
<td class="nump">324<span></span>
</td>
<td class="nump">43,138<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at End of Period</a></td>
<td class="nump">39,370<span></span>
</td>
<td class="nump">1,893<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow Disclosures:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction', window );">Interest paid, net of amounts capitalized</a></td>
<td class="nump">48,627<span></span>
</td>
<td class="nump">53,791<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes paid (refunded), net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Supplemental schedule of noncash investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid', window );">(Increase) decrease in accrued plant additions</a></td>
<td class="num">(9,399)<span></span>
</td>
<td class="nump">20,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net earnings</a></td>
<td class="nump">34,535<span></span>
</td>
<td class="nump">31,817<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net earnings to net cash flows from operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">48,754<span></span>
</td>
<td class="nump">47,055<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income tax expense</a></td>
<td class="nump">8,578<span></span>
</td>
<td class="num">(739)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction', window );">Allowance for equity funds used during construction</a></td>
<td class="num">(309)<span></span>
</td>
<td class="num">(405)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNoncashIncomeExpense', window );">Other, net</a></td>
<td class="num">(296)<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in certain assets and liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues', window );">Accounts receivable and unbilled revenues</a></td>
<td class="num">(7,196)<span></span>
</td>
<td class="num">(9,428)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Materials, supplies, and fuel stock</a></td>
<td class="num">(1,588)<span></span>
</td>
<td class="nump">3,102<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentAssets', window );">Other current assets</a></td>
<td class="num">(1,674)<span></span>
</td>
<td class="num">(3,570)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
<td class="num">(13,799)<span></span>
</td>
<td class="num">(8,415)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
<td class="nump">669<span></span>
</td>
<td class="num">(6,758)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseInAccruedInterestAndTaxes', window );">Accrued interest and taxes</a></td>
<td class="nump">13,550<span></span>
</td>
<td class="nump">22,896<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities', window );">Other current liabilities</a></td>
<td class="nump">945<span></span>
</td>
<td class="num">(363)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities', window );">Other liabilities</a></td>
<td class="nump">1,633<span></span>
</td>
<td class="nump">399<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash flows from operating activities</a></td>
<td class="nump">83,802<span></span>
</td>
<td class="nump">75,605<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash Flows From Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireProductiveAssets', window );">Additions to utility and non-utility plant</a></td>
<td class="num">(106,914)<span></span>
</td>
<td class="num">(93,048)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash flows from investing activities</a></td>
<td class="num">(106,914)<span></span>
</td>
<td class="num">(93,048)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit', window );">Revolving credit facilities borrowings (repayments), net</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(59,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt', window );">Short-term borrowings (repayments) - affiliate, net</a></td>
<td class="num">(4,600)<span></span>
</td>
<td class="num">(11,800)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Long-term borrowings</a></td>
<td class="nump">60,000<span></span>
</td>
<td class="nump">60,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromContributionsFromParent', window );">Equity contribution from parent</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">50,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfOrdinaryDividends', window );">Dividends paid</a></td>
<td class="num">(29,663)<span></span>
</td>
<td class="num">(17,965)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other, net</a></td>
<td class="num">(874)<span></span>
</td>
<td class="num">(775)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash flows from financing activities</a></td>
<td class="nump">24,863<span></span>
</td>
<td class="nump">20,460<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Change in Cash and Cash Equivalents</a></td>
<td class="nump">1,751<span></span>
</td>
<td class="nump">3,017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at Beginning of Period</a></td>
<td class="nump">671<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and Cash Equivalents at End of Period</a></td>
<td class="nump">2,422<span></span>
</td>
<td class="nump">3,018<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow Disclosures:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction', window );">Interest paid, net of amounts capitalized</a></td>
<td class="nump">16,721<span></span>
</td>
<td class="nump">15,642<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes paid (refunded), net</a></td>
<td class="nump">750<span></span>
</td>
<td class="nump">850<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', window );"><strong>Supplemental schedule of noncash investing activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid', window );">(Increase) decrease in accrued plant additions</a></td>
<td class="num">$ (251)<span></span>
</td>
<td class="num">$ (10)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change during the period in the amount due from customers for the credit sale of goods and services; includes accounts receivable billed and unbilled.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseInAccruedInterestAndTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (Decrease) In Accrued Interest And Taxes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseInAccruedInterestAndTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>(Increase) Decrease in capital expenditures incurred but not yet paid</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseincapitalexpendituresincurredbutnotyetpaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest paid net of capitalized interest and net of debt Allowance for Funds Used During Construction</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_InterestPaidNetOfCapitalizedInterestAndNetOfDebtAllowanceForFundsUsedDuringConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ProceedsFromTransmissionInterconnectionArrangements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds From Transmission Interconnection Arrangements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ProceedsFromTransmissionInterconnectionArrangements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RepaymentsFromTransmissionInterconnectionArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Repayments From Transmission Interconnection Arrangement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RepaymentsFromTransmissionInterconnectionArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ReturnOfPrincipalOnPvngsLessorNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Return of principal on PVNGS lessor notes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ReturnOfPrincipalOnPvngsLessorNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the capitalized cost of equity (based on assumed rate of return) and / or borrowed funds (based on interest rate) used to finance construction of regulated assets, which is expected to be recovered through rate adjustments. As a result of this capitalization, net income is increased. This element pertains to certain regulated industries, such as public utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in current liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherNoncashIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherNoncashIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash (inflow) outflow from investing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3098-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3095-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to reacquire common stock during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForRepurchaseOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsMinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsMinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfOrdinaryDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfOrdinaryDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the purchase of all investments (debt, security, other) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireProductiveAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireProductiveAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromContributionsFromParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from parent as a source of financing that is recorded as additional paid in capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromContributionsFromParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3095-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3098-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPaymentsForOtherFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from repayments of the balance excluding interest (principal) on loans receivable and leases held for investment purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -Subparagraph c<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3098-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepaymentsOfLinesOfCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from long-term debt by a related party. Related parties, include, but are not limited to, affiliates, owners or officers and their immediate families, and pension trusts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities  (held-to-maturity or available-for-sale) during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=SL79508275-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalCashFlowInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SupplementalCashFlowInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6875998128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Condensed Consolidated Balance Sheets - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 43,149<span></span>
</td>
<td class="nump">$ 4,522<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable, net of allowance for uncollectible accounts</a></td>
<td class="nump">107,428<span></span>
</td>
<td class="nump">87,012<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnbilledReceivablesCurrent', window );">Unbilled revenues</a></td>
<td class="nump">57,241<span></span>
</td>
<td class="nump">58,284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">16,567<span></span>
</td>
<td class="nump">28,245<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesAndLoansReceivableGrossCurrent', window );">Current portion of Westmoreland Loan</a></td>
<td class="nump">12,272<span></span>
</td>
<td class="nump">38,360<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Materials, supplies, and fuel stock</a></td>
<td class="nump">68,179<span></span>
</td>
<td class="nump">73,027<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsCurrent', window );">Regulatory assets</a></td>
<td class="nump">3,424<span></span>
</td>
<td class="nump">3,855<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,093<span></span>
</td>
<td class="nump">5,224<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivable', window );">Income taxes receivable</a></td>
<td class="nump">6,761<span></span>
</td>
<td class="nump">6,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">56,421<span></span>
</td>
<td class="nump">73,444<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">374,535<span></span>
</td>
<td class="nump">378,039<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherPropertyAndInvestmentsAbstract', window );"><strong>Other Property and Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesAndLoansReceivableGrossNoncurrent', window );">Long-term portion of Westmoreland Loan</a></td>
<td class="nump">53,958<span></span>
</td>
<td class="nump">56,640<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesNoncurrent', window );">Available-for-sale securities</a></td>
<td class="nump">306,444<span></span>
</td>
<td class="nump">272,977<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLongTermInvestments', window );">Other investments</a></td>
<td class="nump">386<span></span>
</td>
<td class="nump">547<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentOtherNet', window );">Non-utility property</a></td>
<td class="nump">3,404<span></span>
</td>
<td class="nump">3,404<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalOtherPropertyAndInvestments', window );">Total other property and investments</a></td>
<td class="nump">364,192<span></span>
</td>
<td class="nump">333,568<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract', window );"><strong>Utility Plant:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="nump">7,133,646<span></span>
</td>
<td class="nump">6,944,534<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Less accumulated depreciation and amortization</a></td>
<td class="nump">2,431,695<span></span>
</td>
<td class="nump">2,334,938<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet', window );">Net plant in service and plant held for future use</a></td>
<td class="nump">4,701,951<span></span>
</td>
<td class="nump">4,609,596<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction work in progress</a></td>
<td class="nump">301,466<span></span>
</td>
<td class="nump">208,206<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NuclearFuelNetOfAmortization', window );">Nuclear fuel, net of accumulated amortization</a></td>
<td class="nump">88,702<span></span>
</td>
<td class="nump">86,913<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet', window );">Net utility plant</a></td>
<td class="nump">5,092,119<span></span>
</td>
<td class="nump">4,904,715<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrentAbstract', window );"><strong>Deferred Charges and Other Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsNoncurrent', window );">Regulatory assets</a></td>
<td class="nump">489,416<span></span>
</td>
<td class="nump">501,223<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">278,297<span></span>
</td>
<td class="nump">278,297<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,846<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts', window );">Other deferred charges</a></td>
<td class="nump">94,849<span></span>
</td>
<td class="nump">75,238<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalDeferredChargesAndOtherAssets', window );">Total deferred charges and other assets</a></td>
<td class="nump">866,408<span></span>
</td>
<td class="nump">854,758<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">6,697,254<span></span>
</td>
<td class="nump">6,471,080<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">266,500<span></span>
</td>
<td class="nump">287,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current installments of long-term debt</a></td>
<td class="nump">165,312<span></span>
</td>
<td class="nump">273,348<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">89,882<span></span>
</td>
<td class="nump">86,705<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerDepositsCurrent', window );">Customer deposits</a></td>
<td class="nump">10,951<span></span>
</td>
<td class="nump">11,374<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccruedInterestAndTaxesPayable', window );">Accrued interest and taxes</a></td>
<td class="nump">83,288<span></span>
</td>
<td class="nump">61,871<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityCurrent', window );">Regulatory liabilities</a></td>
<td class="nump">7,156<span></span>
</td>
<td class="nump">3,609<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">1,279<span></span>
</td>
<td class="nump">2,339<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableCurrent', window );">Dividends declared</a></td>
<td class="nump">19,448<span></span>
</td>
<td class="nump">19,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TransmissionInterconnectionArrangementLiabilities', window );">Transmission interconnection arrangement liabilities</a></td>
<td class="nump">12,167<span></span>
</td>
<td class="nump">522<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Other current liabilities</a></td>
<td class="nump">67,069<span></span>
</td>
<td class="nump">59,314<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">710,885<span></span>
</td>
<td class="nump">805,108<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</a></td>
<td class="nump">2,282,390<span></span>
</td>
<td class="nump">2,119,364<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrentAbstract', window );"><strong>Deferred Credits and Other Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Accumulated deferred income taxes</a></td>
<td class="nump">1,015,967<span></span>
</td>
<td class="nump">940,650<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityNoncurrent', window );">Regulatory liabilities</a></td>
<td class="nump">456,740<span></span>
</td>
<td class="nump">455,649<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsNoncurrent', window );">Asset retirement obligations</a></td>
<td class="nump">133,841<span></span>
</td>
<td class="nump">127,519<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent', window );">Accrued pension liability and postretirement benefit cost</a></td>
<td class="nump">116,812<span></span>
</td>
<td class="nump">125,844<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,846<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDeferredCreditsNoncurrent', window );">Other deferred credits</a></td>
<td class="nump">132,098<span></span>
</td>
<td class="nump">140,545<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent', window );">Total deferred credits and other liabilities</a></td>
<td class="nump">1,859,304<span></span>
</td>
<td class="nump">1,790,207<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">4,852,579<span></span>
</td>
<td class="nump">4,714,679<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and Contingencies (See Note 11)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements', window );">Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)</a></td>
<td class="nump">11,529<span></span>
</td>
<td class="nump">11,529<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CompanyCommonStockholdersEquity', window );"><strong>Company common stockholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock</a></td>
<td class="nump">1,156,906<span></span>
</td>
<td class="nump">1,163,661<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income (loss), net of income taxes</a></td>
<td class="num">(82,501)<span></span>
</td>
<td class="num">(92,451)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">691,332<span></span>
</td>
<td class="nump">604,742<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">1,765,737<span></span>
</td>
<td class="nump">1,675,952<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interest in Valencia</a></td>
<td class="nump">67,409<span></span>
</td>
<td class="nump">68,920<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">1,833,146<span></span>
</td>
<td class="nump">1,744,872<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">6,697,254<span></span>
</td>
<td class="nump">6,471,080<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">39,370<span></span>
</td>
<td class="nump">324<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable, net of allowance for uncollectible accounts</a></td>
<td class="nump">79,668<span></span>
</td>
<td class="nump">65,003<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnbilledReceivablesCurrent', window );">Unbilled revenues</a></td>
<td class="nump">45,800<span></span>
</td>
<td class="nump">48,289<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">13,510<span></span>
</td>
<td class="nump">25,514<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesCurrent', window );">Affiliate receivables</a></td>
<td class="nump">8,944<span></span>
</td>
<td class="nump">8,886<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Materials, supplies, and fuel stock</a></td>
<td class="nump">63,016<span></span>
</td>
<td class="nump">64,401<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsCurrent', window );">Regulatory assets</a></td>
<td class="nump">2,526<span></span>
</td>
<td class="nump">3,442<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,093<span></span>
</td>
<td class="nump">5,224<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivable', window );">Income taxes receivable</a></td>
<td class="nump">26,808<span></span>
</td>
<td class="nump">25,807<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">48,883<span></span>
</td>
<td class="nump">67,355<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">331,618<span></span>
</td>
<td class="nump">314,245<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherPropertyAndInvestmentsAbstract', window );"><strong>Other Property and Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesNoncurrent', window );">Available-for-sale securities</a></td>
<td class="nump">306,444<span></span>
</td>
<td class="nump">272,977<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLongTermInvestments', window );">Other investments</a></td>
<td class="nump">166<span></span>
</td>
<td class="nump">316<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentOtherNet', window );">Non-utility property</a></td>
<td class="nump">96<span></span>
</td>
<td class="nump">96<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalOtherPropertyAndInvestments', window );">Total other property and investments</a></td>
<td class="nump">306,706<span></span>
</td>
<td class="nump">273,389<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract', window );"><strong>Utility Plant:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="nump">5,463,764<span></span>
</td>
<td class="nump">5,359,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Less accumulated depreciation and amortization</a></td>
<td class="nump">1,881,371<span></span>
</td>
<td class="nump">1,809,528<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet', window );">Net plant in service and plant held for future use</a></td>
<td class="nump">3,582,393<span></span>
</td>
<td class="nump">3,549,683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction work in progress</a></td>
<td class="nump">223,677<span></span>
</td>
<td class="nump">158,122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NuclearFuelNetOfAmortization', window );">Nuclear fuel, net of accumulated amortization</a></td>
<td class="nump">88,702<span></span>
</td>
<td class="nump">86,913<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet', window );">Net utility plant</a></td>
<td class="nump">3,894,772<span></span>
</td>
<td class="nump">3,794,718<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrentAbstract', window );"><strong>Deferred Charges and Other Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsNoncurrent', window );">Regulatory assets</a></td>
<td class="nump">349,453<span></span>
</td>
<td class="nump">365,413<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">51,632<span></span>
</td>
<td class="nump">51,632<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,846<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts', window );">Other deferred charges</a></td>
<td class="nump">85,789<span></span>
</td>
<td class="nump">68,149<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalDeferredChargesAndOtherAssets', window );">Total deferred charges and other assets</a></td>
<td class="nump">490,720<span></span>
</td>
<td class="nump">485,194<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">5,023,816<span></span>
</td>
<td class="nump">4,867,546<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">61,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current installments of long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">231,880<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">65,088<span></span>
</td>
<td class="nump">55,566<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableRelatedPartiesCurrent', window );">Affiliate payables</a></td>
<td class="nump">9,738<span></span>
</td>
<td class="nump">23,183<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CustomerDepositsCurrent', window );">Customer deposits</a></td>
<td class="nump">10,951<span></span>
</td>
<td class="nump">11,374<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccruedInterestAndTaxesPayable', window );">Accrued interest and taxes</a></td>
<td class="nump">52,041<span></span>
</td>
<td class="nump">34,819<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityCurrent', window );">Regulatory liabilities</a></td>
<td class="nump">7,138<span></span>
</td>
<td class="nump">3,517<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">1,279<span></span>
</td>
<td class="nump">2,339<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableCurrent', window );">Dividends declared</a></td>
<td class="nump">132<span></span>
</td>
<td class="nump">132<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Other current liabilities</a></td>
<td class="nump">32,532<span></span>
</td>
<td class="nump">33,029<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">191,066<span></span>
</td>
<td class="nump">457,361<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</a></td>
<td class="nump">1,657,396<span></span>
</td>
<td class="nump">1,399,489<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrentAbstract', window );"><strong>Deferred Credits and Other Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Accumulated deferred income taxes</a></td>
<td class="nump">810,995<span></span>
</td>
<td class="nump">748,666<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityNoncurrent', window );">Regulatory liabilities</a></td>
<td class="nump">423,477<span></span>
</td>
<td class="nump">423,701<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsNoncurrent', window );">Asset retirement obligations</a></td>
<td class="nump">132,878<span></span>
</td>
<td class="nump">126,601<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent', window );">Accrued pension liability and postretirement benefit cost</a></td>
<td class="nump">106,742<span></span>
</td>
<td class="nump">114,427<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Commodity derivative instruments</a></td>
<td class="nump">3,846<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDeferredCreditsNoncurrent', window );">Other deferred credits</a></td>
<td class="nump">106,762<span></span>
</td>
<td class="nump">118,980<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent', window );">Total deferred credits and other liabilities</a></td>
<td class="nump">1,584,700<span></span>
</td>
<td class="nump">1,532,375<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,433,162<span></span>
</td>
<td class="nump">3,389,225<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and Contingencies (See Note 11)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements', window );">Cumulative Preferred Stock of Subsidiary without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares)</a></td>
<td class="nump">11,529<span></span>
</td>
<td class="nump">11,529<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CompanyCommonStockholdersEquity', window );"><strong>Company common stockholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock</a></td>
<td class="nump">1,264,918<span></span>
</td>
<td class="nump">1,264,918<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income (loss), net of income taxes</a></td>
<td class="num">(82,605)<span></span>
</td>
<td class="num">(92,428)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">329,403<span></span>
</td>
<td class="nump">225,382<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">1,511,716<span></span>
</td>
<td class="nump">1,397,872<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interest in Valencia</a></td>
<td class="nump">67,409<span></span>
</td>
<td class="nump">68,920<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">1,579,125<span></span>
</td>
<td class="nump">1,466,792<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">5,023,816<span></span>
</td>
<td class="nump">4,867,546<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">2,422<span></span>
</td>
<td class="nump">671<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable, net of allowance for uncollectible accounts</a></td>
<td class="nump">27,760<span></span>
</td>
<td class="nump">22,009<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnbilledReceivablesCurrent', window );">Unbilled revenues</a></td>
<td class="nump">11,441<span></span>
</td>
<td class="nump">9,995<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">2,698<span></span>
</td>
<td class="nump">2,090<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Materials, supplies, and fuel stock</a></td>
<td class="nump">5,163<span></span>
</td>
<td class="nump">8,626<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsCurrent', window );">Regulatory assets</a></td>
<td class="nump">898<span></span>
</td>
<td class="nump">413<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">1,609<span></span>
</td>
<td class="nump">1,031<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">51,991<span></span>
</td>
<td class="nump">44,835<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherPropertyAndInvestmentsAbstract', window );"><strong>Other Property and Investments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLongTermInvestments', window );">Other investments</a></td>
<td class="nump">220<span></span>
</td>
<td class="nump">231<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentOtherNet', window );">Non-utility property</a></td>
<td class="nump">2,240<span></span>
</td>
<td class="nump">2,240<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalOtherPropertyAndInvestments', window );">Total other property and investments</a></td>
<td class="nump">2,460<span></span>
</td>
<td class="nump">2,471<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract', window );"><strong>Utility Plant:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="nump">1,433,901<span></span>
</td>
<td class="nump">1,380,584<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Less accumulated depreciation and amortization</a></td>
<td class="nump">449,476<span></span>
</td>
<td class="nump">429,397<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet', window );">Net plant in service and plant held for future use</a></td>
<td class="nump">984,425<span></span>
</td>
<td class="nump">951,187<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConstructionInProgressGross', window );">Construction work in progress</a></td>
<td class="nump">53,545<span></span>
</td>
<td class="nump">16,978<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet', window );">Net utility plant</a></td>
<td class="nump">1,037,970<span></span>
</td>
<td class="nump">968,165<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrentAbstract', window );"><strong>Deferred Charges and Other Assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsNoncurrent', window );">Regulatory assets</a></td>
<td class="nump">139,963<span></span>
</td>
<td class="nump">135,810<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">226,665<span></span>
</td>
<td class="nump">226,665<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts', window );">Other deferred charges</a></td>
<td class="nump">6,170<span></span>
</td>
<td class="nump">5,277<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TotalDeferredChargesAndOtherAssets', window );">Total deferred charges and other assets</a></td>
<td class="nump">372,798<span></span>
</td>
<td class="nump">367,752<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">1,465,219<span></span>
</td>
<td class="nump">1,383,223<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShortTermDebtDueToRelatedParty', window );">Short-term debt &#8211; affiliate</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">4,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">12,578<span></span>
</td>
<td class="nump">16,709<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableRelatedPartiesCurrent', window );">Affiliate payables</a></td>
<td class="nump">3,736<span></span>
</td>
<td class="nump">3,793<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccruedInterestAndTaxesPayable', window );">Accrued interest and taxes</a></td>
<td class="nump">59,131<span></span>
</td>
<td class="nump">45,581<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityCurrent', window );">Regulatory liabilities</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">92<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Other current liabilities</a></td>
<td class="nump">3,210<span></span>
</td>
<td class="nump">2,134<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">78,673<span></span>
</td>
<td class="nump">72,909<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs</a></td>
<td class="nump">480,589<span></span>
</td>
<td class="nump">420,875<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrentAbstract', window );"><strong>Deferred Credits and Other Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Accumulated deferred income taxes</a></td>
<td class="nump">254,525<span></span>
</td>
<td class="nump">245,785<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityNoncurrent', window );">Regulatory liabilities</a></td>
<td class="nump">33,263<span></span>
</td>
<td class="nump">31,948<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsNoncurrent', window );">Asset retirement obligations</a></td>
<td class="nump">789<span></span>
</td>
<td class="nump">754<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent', window );">Accrued pension liability and postretirement benefit cost</a></td>
<td class="nump">10,070<span></span>
</td>
<td class="nump">11,417<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDeferredCreditsNoncurrent', window );">Other deferred credits</a></td>
<td class="nump">9,203<span></span>
</td>
<td class="nump">6,300<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent', window );">Total deferred credits and other liabilities</a></td>
<td class="nump">307,850<span></span>
</td>
<td class="nump">296,204<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
<td class="nump">867,112<span></span>
</td>
<td class="nump">789,988<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and Contingencies (See Note 11)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CompanyCommonStockholdersEquity', window );"><strong>Company common stockholders&#8217; equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock</a></td>
<td class="nump">64<span></span>
</td>
<td class="nump">64<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Paid-in-capital</a></td>
<td class="nump">454,166<span></span>
</td>
<td class="nump">454,166<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">143,877<span></span>
</td>
<td class="nump">139,005<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
<td class="nump">598,107<span></span>
</td>
<td class="nump">593,235<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
<td class="nump">$ 1,465,219<span></span>
</td>
<td class="nump">$ 1,383,223<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AccruedInterestAndTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accrued Interest And Taxes Payable</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AccruedInterestAndTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CompanyCommonStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Company Common Stockholders Equity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CompanyCommonStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Deferred Costs Net Including Deferred Finance Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_OtherDeferredCostsNetIncludingDeferredFinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_OtherPropertyAndInvestmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Property And Investments [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_OtherPropertyAndInvestmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public utilities property plant and equipment in service net</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPropertyPlantAndEquipmentInServiceNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShortTermDebtDueToRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Short Term Debt Due to Related Party</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShortTermDebtDueToRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_TotalDeferredChargesAndOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total deferred charges and other assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_TotalDeferredChargesAndOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_TotalOtherPropertyAndInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total other property and investments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_TotalOtherPropertyAndInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_TransmissionInterconnectionArrangementLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transmission Interconnection Arrangement Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_TransmissionInterconnectionArrangementLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableRelatedPartiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableRelatedPartiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsReceivableNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e681-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 410<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6801-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26626-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConstructionInProgressGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConstructionInProgressGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CustomerDepositsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of money or property received from customers which is either to be returned upon satisfactory contract completion or applied to customer receivables in accordance with the terms of the contract or the understandings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CustomerDepositsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31931-109318<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31958-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31917-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6935-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedPartiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3)(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedPartiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=77989000&amp;loc=SL49117168-202975<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.5(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=68049868&amp;loc=d3e3927-108312<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregated carrying amounts of obligations as of the balance sheet date, excluding long-term debt, incurred as part of the normal operations that are expected to be paid after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Credits and Other Liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesAndLoansReceivableGrossCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4531-111522<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(a),(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (c),(e)<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesAndLoansReceivableGrossCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesAndLoansReceivableGrossNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) more than one year from the balance sheet date. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesAndLoansReceivableGrossNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NuclearFuelNetOfAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount as of the balance sheet of nuclear fuel held as property plant and equipment. This amount is net of amortization based on the energy produced over the life of the fuel.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.13(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NuclearFuelNetOfAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherDeferredCreditsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unearned revenue or income classified as other, expected to be taken into income after one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.4(a).Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3(b).Q2)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3(b).Q1(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 13.A.Q4)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3(c).Q3)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherDeferredCreditsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6904-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6911-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilitiesNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLongTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLongTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount due from parties in nontrade transactions, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64852052&amp;loc=d3e1731-114919<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64852052&amp;loc=d3e1703-114919<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentOtherNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after depreciation of long-lived, physical assets used to produce goods and services and not intended for resale, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentOtherNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period end book value of accumulated depreciation on property, plant and equipment (PPE) that is owned by the regulated operations of the public utility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period end amount of total net PPE.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period end amount of total gross PPE.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are expected to be recovered through revenue sources within one year or the normal operating cycle, if longer. Such costs are capitalized if they meet both of the following criteria: a. It is probable that future revenue in an amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for rate-making purposes. b. Based on available evidence, the future revenue will be provided to permit recovery of the previously incurred cost rather than to provide for expected levels of similar future costs. If the revenue will be provided through an automatic rate-adjustment clause, this criterion requires that the regulator's intent clearly be to permit recovery of the previously incurred cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6499975&amp;loc=d3e44250-110382<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are not expected to be recovered through revenue sources within one year or the normal operating cycle if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6499975&amp;loc=d3e44250-110382<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryLiabilityCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for the individual regulatory current liability as itemized in a table of regulatory current liabilities as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 405<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6500807&amp;loc=d3e48068-110394<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryLiabilityCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for the individual regulatory noncurrent liability as itemized in a table of regulatory noncurrent liabilities as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnbilledReceivablesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnbilledReceivablesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874308560">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Allowance for uncollectible accounts</a></td>
<td class="nump">$ 1,063<span></span>
</td>
<td class="nump">$ 1,209<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedAmortizationNuclearFuel', window );">Accumulated depreciation, nuclear fuel</a></td>
<td class="nump">$ 49,895<span></span>
</td>
<td class="nump">$ 43,905<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare', window );">Cumulative preferred stock of subsidiary, stated value (in dollars per share)</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">$ 100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized', window );">Cumulative preferred stock of subsidiary, shares authorized (in shares)</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued', window );">Cumulative preferred stock of subsidiary, shares issued (in shares)</a></td>
<td class="nump">115,293<span></span>
</td>
<td class="nump">115,293<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding', window );">Cumulative preferred stock of subsidiary, shares outstanding (in shares)</a></td>
<td class="nump">115,293<span></span>
</td>
<td class="nump">115,293<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockNoParValue', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized (in shares)</a></td>
<td class="nump">120,000,000<span></span>
</td>
<td class="nump">120,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued (in shares)</a></td>
<td class="nump">79,653,624<span></span>
</td>
<td class="nump">79,653,624<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding (in shares)</a></td>
<td class="nump">79,653,624<span></span>
</td>
<td class="nump">79,653,624<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Allowance for uncollectible accounts</a></td>
<td class="nump">$ 1,063<span></span>
</td>
<td class="nump">$ 1,209<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedAmortizationNuclearFuel', window );">Accumulated depreciation, nuclear fuel</a></td>
<td class="nump">$ 49,895<span></span>
</td>
<td class="nump">$ 43,905<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Cumulative preferred stock, stated value (in dollars per share)</a></td>
<td class="nump">$ 100<span></span>
</td>
<td class="nump">$ 100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Cumulative preferred stock, shares authorized (in shares)</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Cumulative preferred stock, shares issued (in shares)</a></td>
<td class="nump">115,293<span></span>
</td>
<td class="nump">115,293<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Cumulative preferred stock, shares outstanding (in shares)</a></td>
<td class="nump">115,293<span></span>
</td>
<td class="nump">115,293<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockNoParValue', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized (in shares)</a></td>
<td class="nump">40,000,000<span></span>
</td>
<td class="nump">40,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued (in shares)</a></td>
<td class="nump">39,117,799<span></span>
</td>
<td class="nump">39,117,799<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding (in shares)</a></td>
<td class="nump">39,117,799<span></span>
</td>
<td class="nump">39,117,799<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 10<span></span>
</td>
<td class="nump">$ 10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized (in shares)</a></td>
<td class="nump">12,000,000<span></span>
</td>
<td class="nump">12,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued (in shares)</a></td>
<td class="nump">6,358<span></span>
</td>
<td class="nump">6,358<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding (in shares)</a></td>
<td class="nump">6,358<span></span>
</td>
<td class="nump">6,358<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AccumulatedAmortizationNuclearFuel">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated amortization, nuclear fuel</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AccumulatedAmortizationNuclearFuel</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Par Or Stated Value Per Share</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Authorized</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Issued</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cumulative Preferred Stock Of Subsidiary Without Mandatory Redemption Requirements Shares Outstanding</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CumulativePreferredStockOfSubsidiaryWithoutMandatoryRedemptionRequirementsSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84173941&amp;loc=d3e5074-111524<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockNoParValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount per share of no-par value common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockNoParValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874376880">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Condensed Consolidated Statement of Changes in Equity - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Total PNMR Common Stockholders&#8217; Equity</div></th>
<th class="th"><div>Common Stock</div></th>
<th class="th"><div>AOCI</div></th>
<th class="th"><div>Retained Earnings</div></th>
<th class="th"><div>Non- controlling Interest in Valencia</div></th>
<th class="th"><div>PNM</div></th>
<th class="th">
<div>PNM </div>
<div>Total PNMR Common Stockholders&#8217; Equity</div>
</th>
<th class="th">
<div>PNM </div>
<div>Common Stock</div>
</th>
<th class="th">
<div>PNM </div>
<div>AOCI</div>
</th>
<th class="th">
<div>PNM </div>
<div>Retained Earnings</div>
</th>
<th class="th">
<div>PNM </div>
<div>Non- controlling Interest in Valencia</div>
</th>
<th class="th"><div>Texas-New Mexico Power Company</div></th>
<th class="th">
<div>Texas-New Mexico Power Company </div>
<div>Common Stock</div>
</th>
<th class="th">
<div>Texas-New Mexico Power Company </div>
<div>Paid-in Capital</div>
</th>
<th class="th">
<div>Texas-New Mexico Power Company </div>
<div>Retained Earnings</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption', window );">Cumulative effect adjustment (Note 8)</a></td>
<td class="nump">$ 10,382<span></span>
</td>
<td class="nump">$ 10,382<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 10,382<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1', window );">Balance, as adjusted</a></td>
<td class="nump">1,755,254<span></span>
</td>
<td class="nump">1,686,334<span></span>
</td>
<td class="nump">1,163,661<span></span>
</td>
<td class="num">(92,451)<span></span>
</td>
<td class="nump">615,124<span></span>
</td>
<td class="nump">68,920<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Beginning balance at Dec. 31, 2016</a></td>
<td class="nump">1,744,872<span></span>
</td>
<td class="nump">1,675,952<span></span>
</td>
<td class="nump">1,163,661<span></span>
</td>
<td class="num">(92,451)<span></span>
</td>
<td class="nump">604,742<span></span>
</td>
<td class="nump">68,920<span></span>
</td>
<td class="nump">$ 1,466,792<span></span>
</td>
<td class="nump">$ 1,397,872<span></span>
</td>
<td class="nump">$ 1,264,918<span></span>
</td>
<td class="num">$ (92,428)<span></span>
</td>
<td class="nump">$ 225,382<span></span>
</td>
<td class="nump">$ 68,920<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Beginning balance TNMP at Dec. 31, 2016</a></td>
<td class="nump">1,675,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,397,872<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 593,235<span></span>
</td>
<td class="nump">$ 64<span></span>
</td>
<td class="nump">$ 454,166<span></span>
</td>
<td class="nump">$ 139,005<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">146,004<span></span>
</td>
<td class="nump">134,552<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">134,552<span></span>
</td>
<td class="nump">11,452<span></span>
</td>
<td class="nump">115,869<span></span>
</td>
<td class="nump">104,417<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">104,417<span></span>
</td>
<td class="nump">11,452<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net earnings</a></td>
<td class="nump">134,156<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">104,417<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,535<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,535<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total other comprehensive income</a></td>
<td class="nump">9,950<span></span>
</td>
<td class="nump">9,950<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,950<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,823<span></span>
</td>
<td class="nump">9,823<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">9,823<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PreferredStockDividendRequirementsOfSubsidiary', window );">Subsidiary preferred stock dividends</a></td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStockCash', window );">Dividends declared on preferred stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Dividends declared on common stock</a></td>
<td class="num">(57,948)<span></span>
</td>
<td class="num">(57,948)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(57,948)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(29,663)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(29,663)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Proceeds from stock option exercise</a></td>
<td class="nump">1,739<span></span>
</td>
<td class="nump">1,739<span></span>
</td>
<td class="nump">1,739<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Awards of common stock</a></td>
<td class="num">(13,816)<span></span>
</td>
<td class="num">(13,816)<span></span>
</td>
<td class="num">(13,816)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Stock based compensation expense</a></td>
<td class="nump">5,322<span></span>
</td>
<td class="nump">5,322<span></span>
</td>
<td class="nump">5,322<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders', window );">Valencia&#8217;s transactions with its owner</a></td>
<td class="num">(12,963)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,963)<span></span>
</td>
<td class="num">(12,963)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,963)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Ending balance at Sep. 30, 2017</a></td>
<td class="nump">1,833,146<span></span>
</td>
<td class="nump">$ 1,765,737<span></span>
</td>
<td class="nump">$ 1,156,906<span></span>
</td>
<td class="num">$ (82,501)<span></span>
</td>
<td class="nump">$ 691,332<span></span>
</td>
<td class="nump">$ 67,409<span></span>
</td>
<td class="nump">1,579,125<span></span>
</td>
<td class="nump">$ 1,511,716<span></span>
</td>
<td class="nump">$ 1,264,918<span></span>
</td>
<td class="num">$ (82,605)<span></span>
</td>
<td class="nump">$ 329,403<span></span>
</td>
<td class="nump">$ 67,409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Ending balance TNMP at Sep. 30, 2017</a></td>
<td class="nump">$ 1,765,737<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,511,716<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 598,107<span></span>
</td>
<td class="nump">$ 64<span></span>
</td>
<td class="nump">$ 454,166<span></span>
</td>
<td class="nump">$ 143,877<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PreferredStockDividendRequirementsOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred stock cash dividend declared by a subsidiary of the entity during the period. This element includes paid and unpaid dividends declared during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PreferredStockDividendRequirementsOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=79507207&amp;loc=d3e4534-113899<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5047-113901<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 20<br> -Section 55<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=96864182&amp;loc=d3e11149-113907<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=96864182&amp;loc=d3e11178-113907<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsCommonStockCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsCommonStockCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStockCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStockCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInStockholdersEquityRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84158357&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued as a result of the exercise of stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockRepurchasedDuringPeriodValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity including the portion attributable to noncontrolling interests, after the cumulative effect adjustment of a new accounting principle applied in the period of adoption.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_ParentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_NoncontrollingInterestMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AdditionalPaidInCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862628384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies and Responsibility for Financial Statements<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Significant Accounting Policies and Responsibility for Financial Statements</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Accounting Policies and Responsibility for Financial Statements</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Statement Preparation</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, the accompanying unaudited interim Condensed Consolidated Financial Statements reflect all normal and recurring accruals and adjustments that are necessary to present fairly the consolidated financial position at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the consolidated results of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016, and the consolidated cash flows for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;">.  The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could ultimately differ from those estimated.  Weather causes the Company&#8217;s results of operations to be seasonal in nature and the results of operations presented in the accompanying Condensed Consolidated Financial Statements are not necessarily representative of operations for an entire year.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Notes to Condensed Consolidated Financial Statements include disclosures for PNMR, PNM, and TNMP.  This report uses the term &#8220;Company&#8221; when discussing matters of common applicability to PNMR, PNM, and TNMP.  Discussions regarding only PNMR, PNM, or TNMP are so indicated.  Certain amounts in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> financial statement presentation.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These Condensed Consolidated Financial Statements are unaudited.  Certain information and note disclosures normally included in the annual Consolidated Financial Statements have been condensed or omitted, as permitted under the applicable rules and regulations.  Readers of these financial statements should refer to PNMR&#8217;s, PNM&#8217;s, and TNMP&#8217;s audited Consolidated Financial Statements and Notes thereto that are included in their respective </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP defines subsequent events as events or transactions that occur after the balance sheet date, but before financial statements are issued or are available to be issued.  Based on their nature, magnitude, and timing, certain subsequent events may be required to be reflected at the balance sheet date and/or required to be disclosed in the financial statements.  The Company has evaluated subsequent events as required by GAAP.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Condensed Consolidated Financial Statements of each of PNMR, PNM, and TNMP include their accounts and those of subsidiaries in which that entity owns a majority voting interest.  PNM also consolidates Valencia (Note 5) and, through January 15, 2016, the PVNGS Capital Trust.  PNM owns undivided interests in several jointly-owned power plants and records its pro-rata share of the assets, liabilities, and expenses for those plants.  The agreements for the jointly-owned plants provide that if an owner were to default on its payment obligations, the non-defaulting owners would be responsible for their proportionate share of the obligations of the defaulting owner.  In exchange, the non-defaulting owners would be entitled to their proportionate share of the generating capacity of the defaulting owner.  There have been </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> such payment defaults under any of the agreements for the jointly-owned plants.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain PNMR shared services&#8217; expenses, which represent costs that are primarily driven by corporate level activities, are charged to the business segments.  These services are billed at cost and are reflected as general and administrative expenses in the business segments.  Other significant intercompany transactions between PNMR, PNM, and TNMP include interest and income tax sharing payments, as well as equity transactions.  All intercompany transactions and balances have been eliminated.  See Note 14.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dividends on Common Stock</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends on PNMR&#8217;s common stock are declared by the Board.  The timing of the declaration of dividends is dependent on the timing of meetings and other actions of the Board.  This has historically resulted in dividends considered to be attributable to the second quarter of each year being declared through actions of the Board during the third quarter of the year.  The Board declared dividends on common stock considered to be for the second quarter of </font><font style="font-family:inherit;font-size:10pt;">$0.2425</font><font style="font-family:inherit;font-size:10pt;"> per share in July 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.22</font><font style="font-family:inherit;font-size:10pt;"> in July 2016, which are reflected as being in the second quarter within &#8220;Dividends Declared per Common Share&#8221; on the PNMR Condensed Consolidated Statements of Earnings.  The Board declared dividends on common stock considered to be for the third quarter of </font><font style="font-family:inherit;font-size:10pt;">$0.2425</font><font style="font-family:inherit;font-size:10pt;"> per share in September 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.22</font><font style="font-family:inherit;font-size:10pt;"> per share in September 2016, which are reflected as being in the third quarter within &#8220;Dividends Declared per Common Share&#8221; on the PNMR Condensed Consolidated Statement of Earnings.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP declared and paid cash dividends on common stock to PNMR of </font><font style="font-family:inherit;font-size:10pt;">$29.7 million</font><font style="font-family:inherit;font-size:10pt;"> in the nine months ended September 30, 2017.  PNM and TNMP declared and paid cash dividends on common stock to PNMR of </font><font style="font-family:inherit;font-size:10pt;">$4.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$18.0 million</font><font style="font-family:inherit;font-size:10pt;"> in the nine months ended September 30, 2016.  In the nine months ended September 30, 2016, PNMR made equity contributions of </font><font style="font-family:inherit;font-size:10pt;">$28.1 million</font><font style="font-family:inherit;font-size:10pt;"> to PNM and </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> to TNMP.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below.  The Company does not expect difficulty in adopting these standards by their required effective dates.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2014-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Revenue from Contracts with Customers (Topic 606)</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also revises the disclosure requirements regarding revenue.  Since the issuance of ASU 2014-09, the FASB issued a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year deferral of the effective date and has issued additional ASUs that clarify implementation guidance regarding principal versus agent considerations, licensing, and identifying performance obligations, as well as adding certain additional practical expedients.  When it becomes effective, the new standard will replace most existing revenue recognition guidance in GAAP.  ASU 2014-09 can be applied retrospectively to each prior period presented or on a modified retrospective basis with a cumulative effect adjustment to retained earnings on the date of adoption.  The Company anticipates adopting ASU 2014-09 on January 1, 2018, its required effective date, using the modified retrospective method of adoption.  </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has substantially completed its assessment of ASU 2014-09, but, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding certain industry specific issues.  These industry specific issues include the impacts of the new guidance on its accounting for CIAC and the presentation of revenues associated with &#8220;alternative revenue programs,&#8221; which primarily result from the Company&#8217;s approved rate rider programs.  Although conclusions have not been finalized, the Company does not anticipate a material change in revenue recognition under the new requirements.  The Company continues to analyze the financial statement presentation and disclosure requirements of ASU 2014-09.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-01 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Financial Instruments (Subtopic 825-10):</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, which makes targeted improvements to GAAP regarding financial instruments.  ASU 2016-01 eliminates the requirement to classify investments in equity securities with readily determinable fair values into trading or available-for-sale categories and requires those equity securities to be measured at fair value with changes in fair value recognized in net income rather than in OCI.  ASU 2016-01 also revises certain presentation and disclosure requirements.  Under ASU 2016-01, accounting for investments in debt securities remains essentially unchanged.  PNM currently classifies the investments held in the NDT and coal mine reclamation trusts as available-for-sale securities.  Unrealized losses on these securities are recorded immediately through earnings and unrealized gains are recorded in AOCI until the securities are sold.  The Company will adopt ASU 2016-01 on January 1, 2018, its required effective date.  At that time any unrealized gains, net of income taxes, recorded in AOCI related to equity securities will be reclassified to retained earnings as a cumulative effect adjustment and future changes in the value of equity securities will be recorded in earnings.  The amount of the cumulative adjustment upon adoption will depend on the amounts recorded in AOCI at that time, but PNM had unrealized gains on equity securities, net of income taxes, recorded in AOCI of </font><font style="font-family:inherit;font-size:10pt;">$9.8 million</font><font style="font-family:inherit;font-size:10pt;"> at September 30, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-02 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Leases (Topic 842)</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02 to provide guidance on the recognition, measurement, presentation, and disclosure of leases.  ASU 2016-02 will require that a liability be recorded on the balance sheet for all leases, based on the present value of future lease obligations.  A corresponding right-of-use asset will also be recorded.  Amortization of the lease obligation and the right-of-use asset for certain leases, primarily those classified as operating leases, will be on a straight-line basis, which is not expected to have a significant impact on the statements of earnings or cash flows, whereas other leases will be required to be accounted for as financing arrangements similar to the accounting treatment for capital leases under current GAAP.  ASU 2016-02 also revises certain disclosure requirements.  Although early adoption of the standard is permitted, the Company does not plan to adopt this standard prior to January 1, 2019, its required effective date.  At adoption of ASU 2016-02, leases will be recognized and measured as of the earliest period presented using a modified retrospective approach.  This approach requires all periods presented to be restated under the new guidance, but allows entities to apply certain practical expedients to arrangements that exist upon adoption or expired during the periods presented. </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As further discussed in Note 7 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, the Company has operating leases of office buildings, vehicles, and equipment.  The Company also routinely enters into land easements and right-of-way agreements, but only a limited number of these agreements are considered leases under the current guidance.  PNM also has operating lease interests in PVNGS Units 1 and 2 that will expire in January 2023 and 2024.  The Company, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding industry specific issues for further clarification, including the treatment of land easements under ASU 2016-02.  The Company has formed a project team, conducted outreach activities across its lines of business, and made significant progress in identifying arrangements, in addition to its existing operating lease arrangements, that may be classified as leases under ASU 2016-02.  It is likely the arrangements currently classified as leases will continue to be recognized as leases under ASU 2016-02.  It is possible that other contractual arrangements not previously meeting the lease definition may contain elements that qualify as leases and that previously identified operating leases may be classified as financing leases under ASU 2016-02.  The Company is in the process of analyzing each of the identified contractual arrangement to determine if it contains lease elements under the new standard and quantifying the potential impacts of identified lease arrangements.  The Company is also evaluating the practical expedients, if any, it will elect upon adoption.  The Company anticipates this process will continue into 2018. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-13 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets.  The Company anticipates adopting ASU 2016-13 on January 1, 2020 although early adoption is permitted beginning on January 1, 2019.  The Company is in the process of analyzing the impacts of this new standard, but does not anticipate it will have a significant impact on its financial statements.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-18 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230): Restricted Cash</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, which requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows and adds disclosures necessary to reconcile such amounts to cash and cash equivalents on the balance sheets.  ASU 2016-18 does not provide a definition of what should be considered restricted cash.  Upon adoption, ASU 2016-18 requires the use of a retrospective transition method for each period presented.  The Company continues to analyze the impacts of ASU 2016-18, but does not believe the new standard will have a significant impact on its financial statements.  The Company will adopt ASU 2016-18 on January 1, 2018, its required effective date. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-04 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Intangibles </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process.  Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill).  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  ASU 2017-04 eliminates the second step of the impairment analysis.  Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference.  The Company anticipates it will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date, although early adoption is permitted.  However, if there is an indication of potential impairment of goodwill as a result of an impairment assessment prior to 2020, the Company will evaluate the impact of ASU 2017-04 and could elect to early adopt this standard.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-07 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension and other postretirement benefit costs.  Currently, the Company presents all of its net periodic benefit costs, net of amounts capitalized to construction and other accounts, as administrative and general expenses on its statements of earnings.  The amendments in ASU 2017-07 require the service cost component of net benefit costs be presented in the same line item or items as employees&#8217; compensation.  The other components of net benefit cost (the &#8220;non-service cost components&#8221;) are required to be presented in the income statement separately from the service cost component and outside of operating income with disclosures identifying where the non-service cost components have been presented.  ASU 2017-07 also limits capitalization to only the service cost component of benefit costs.  PNMR and its subsidiaries maintain qualified defined benefit pension and OPEB plans.  Currently, net periodic benefit cost for the Company&#8217;s defined benefit pension plans do not include a service cost component and there is only a minor amount of service cost for the OPEB plans.  Additional information about the Company&#8217;s benefit plans is discussed in Note 12 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 10.  ASU 2017-07 requires retrospective presentation of the service and non-service cost components of net benefit costs in the income statement and prospective application regarding the capitalization of only the service cost component of net benefit costs.  The Company believes PNM and TNMP can continue to capitalize the non-service cost components of net benefit costs as regulatory assets to the extent attributable to regulated operations and does not anticipate ASU 2017-07 will have a significant impact on its financial statements.  The Company will adopt the standard on January 1, 2018, its required effective date.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-12 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12 to better align hedge accounting with an organization&#8217;s risk management activities and to simplify the application of hedge accounting guidance.  ASU 2017-12 is effective for the Company on January 1, 2019 although early adoption is permitted beginning on January 1, 2018.  As discussed in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 9, the Company periodically enters into, and designates as cash flow hedges, interest rate swaps to hedge its exposure to changes in interest rates. In addition, as discussed in Note 8 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 7, the Company enters into various derivative instruments to economically hedge the risk of changes in commodity prices, which are not designated as cash flow hedges.  The Company is evaluating the requirements of ASU 2017-12, but does not anticipate the changes will have a significant impact on the Company&#8217;s accounting treatment for derivative instruments or on its financial statements.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SignificantAccountingPoliciesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -URI http://asc.fasb.org/topic&amp;trid=2122369<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SignificantAccountingPoliciesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R10.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850454336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">Earnings Per Share</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings Per Share</font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with GAAP, dual presentation of basic and diluted earnings per share is presented in the Condensed Consolidated Statements of Earnings of PNMR.  Information regarding the computation of earnings per share is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:646px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:337px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:top;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Number of Common Shares:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding during period</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Vested awards of restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Basic</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,938</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dilutive Effect of Common Stock Equivalents:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options and restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">263</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">377</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:37px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Diluted</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,154</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,117</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,132</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,130</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Per Share of Common Stock:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.67</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -URI http://asc.fasb.org/topic&amp;trid=2144383<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R11.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862551568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Segment Information</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment Information</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following segment presentation is based on the methodology that management uses for making operating decisions and assessing performance of its various business activities.  A reconciliation of the segment presentation to the GAAP financial statements is provided.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM includes the retail electric utility operations of PNM that are subject to traditional rate regulation by the NMPRC.  PNM provides integrated electricity services that include the generation, transmission, and distribution of electricity for retail electric customers in New Mexico.  PNM also includes the generation and sale of electricity into the wholesale market, as well as providing transmission services to third parties.  The sale of electricity includes the asset optimization of PNM&#8217;s jurisdictional capacity, as well as the capacity excluded from retail rates.  FERC has jurisdiction over wholesale power and transmission rates.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP is an electric utility providing services in Texas under the TECA.  TNMP&#8217;s operations are subject to traditional rate regulation by the PUCT.  TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP&#8217;s service area.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Corporate and Other</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company.  The activities of PNMR Development and NM Capital are also included in Corporate and Other.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present summarized financial information for PNMR by segment.  PNM and TNMP each operate in only one segment.  Therefore, tabular segment information is not presented for PNM and TNMP.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR SEGMENT INFORMATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.54970760233918%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2017</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">327,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,646</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">419,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,367</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,381</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,265</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,367</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,391</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,847</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,424</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,633</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,821</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113,252</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,474</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(242</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">142,484</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,782</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,582</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,342</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(460</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,110</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,704</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,925</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,853</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,070</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,642</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,743</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,283</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,327</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854,909</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">257,489</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,112,398</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,635</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">310,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">608,274</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,306</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801,580</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">345,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,228</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,392</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,209</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,829</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">210,746</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,726</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,457</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,891</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,348</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,924</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(918</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(62,393</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,619</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,499</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,075</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,865</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,021</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2017:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,023,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,465,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,697,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.15984405458089%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,098</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">400,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,565</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,201</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,766</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,711</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">291,608</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,342</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,184</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,006</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,312</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,354</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,351</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,057</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,359</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(345</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,071</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,095</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">855</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(184</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,651</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,213</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,467</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,906</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(380</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,859</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,343</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,053</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,990</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,556</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">780,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,498</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,026,726</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,376</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557,852</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186,376</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">744,228</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">314,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,261</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">376,028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,778</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,760</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,263</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,801</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,002</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214,399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,549</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,420</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,517</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,927</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,150</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,535</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(97,179</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,277</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,567</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,131</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(497</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,909</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2016:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,799,012</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,366,840</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,818</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,403,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -URI http://asc.fasb.org/topic&amp;trid=2134510<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R12.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850343312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Loss)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Accumulated Other Comprehensive Income (Loss)</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information regarding accumulated other comprehensive income (loss) for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.35477582846003%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains on</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">for Cash</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liability</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Flow</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Hedges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,320</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,088</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,249</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">484</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,765</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(187</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(278</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,546</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,862</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,961</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,823</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,182</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93,787</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:584px;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:194px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:74px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:62px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:51px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:66px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:51px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,346</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(88,822</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,432</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,135</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,007</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,434</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,955</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,344</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,120</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,305</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,810</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">509</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,281</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(447</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,065</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(86,305</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,240</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,643</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-tax amounts reclassified from AOCI related to &#8220;Unrealized Gains on Available-for-Sale Securities&#8221; are included in &#8220;Gains on available-for-sale securities&#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &#8220;Pension Liability Adjustment&#8221; are reclassified to &#8220;Operating Expenses &#8211; Administrative and general&#8221; in the Condensed Consolidated Statements of Earnings.  Pre-tax amounts reclassified from AOCI related to &#8220;Fair Value Adjustment for Cash Flow Hedges&#8221; are reclassified to &#8220;Interest Charges&#8221; in the Condensed Consolidated Statements of Earnings.  An insignificant amount is included in capitalized interest.  The income tax impacts of all amounts reclassified from AOCI are included in &#8220;Income Taxes&#8221; in the Condensed Consolidated Statements of Earnings.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -URI http://asc.fasb.org/topic&amp;trid=2208762<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityNoteDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>R13.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862627696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_VariableInterestEntitiesAbstract', window );"><strong>Variable Interest Entities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityDisclosureTextBlock', window );">Variable Interest Entities</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Variable Interest Entities</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP determines how an enterprise evaluates and accounts for its involvement with variable interest entities, focusing primarily on whether the enterprise has the power to direct the activities that most significantly impact the economic performance of a variable interest entity (&#8220;VIE&#8221;).  GAAP also requires continual reassessment of the primary beneficiary of a VIE.  Additional information concerning PNM&#8217;s VIEs is contained in Note 9 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Valencia</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has a PPA to purchase all of the electric capacity and energy from Valencia, a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">158</font><font style="font-family:inherit;font-size:10pt;"> MW natural gas-fired power plant near Belen, New Mexico, through May 2028.  A third party built, owns, and operates the facility while PNM is the sole purchaser of the electricity generated.  PNM is obligated to pay fixed operation and maintenance and capacity charges in addition to variable operation and maintenance charges under this PPA.  For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$14.7 million</font><font style="font-family:inherit;font-size:10pt;"> for fixed charges and </font><font style="font-family:inherit;font-size:10pt;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> for variable charges.  For the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$14.5 million</font><font style="font-family:inherit;font-size:10pt;"> for fixed charges and </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> for variable charges.  PNM does not have any other financial obligations related to Valencia.  The assets of Valencia can only be used to satisfy its obligations and creditors of Valencia do not have any recourse against PNM&#8217;s assets.  During the term of the PPA, PNM has the option, under certain conditions, to purchase and own up to </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of the plant or the VIE.  The PPA specifies that the purchase price would be the greater of </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of book value reduced by related indebtedness or </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of fair market value.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has concluded that the third-party entity that owns Valencia is a VIE and that PNM is the primary beneficiary of the entity under GAAP since PNM has the power to direct the activities that most significantly impact the economic performance of Valencia and will absorb the majority of the variability in the cash flows of the plant.  As the primary beneficiary, PNM consolidates Valencia in its financial statements.  Accordingly, the assets, liabilities, operating expenses, and cash flows of Valencia are included in the Condensed Consolidated Financial Statements of PNM although PNM has no legal ownership interest or voting control of the VIE.  The assets and liabilities of Valencia set forth below are immaterial to PNM and, therefore, not shown separately on the Condensed Consolidated Balance Sheets.  The owner&#8217;s equity and net income of Valencia are considered attributable to non-controlling interest. </font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summarized financial information for Valencia is as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Results of Operations</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:448px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:182px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:50px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:50px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:46px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:46px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,859</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,356</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,880</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,350</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,504</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings attributable to non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,456</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,006</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,452</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,037</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Position</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:285px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:72px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net property, plant, and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,947</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">578</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Owners&#8217; equity &#8211; non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,920</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Westmoreland San Juan LLC (&#8220;WSJ&#8221;) and SJCC</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in the subheading Coal Supply in Note 11, PNM purchases coal for SJGS from SJCC under a coal supply agreement (&#8220;CSA&#8221;).  That section includes information on the acquisition of SJCC by WSJ, a subsidiary of Westmoreland, on January 31, 2016, as well as a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> loan (the &#8220;Westmoreland Loan&#8221;) from NM Capital, a subsidiary of PNMR, to WSJ, which loan provided substantially all of the funds required for the SJCC purchase, and the issuance of </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;"> in letters of credit to facilitate the issuance of reclamation bonds required in order for SJCC to mine coal to be supplied to SJGS.  The Westmoreland Loan and the letters of credit support result in PNMR being considered to have a variable interest in WSJ, including its subsidiary, SJCC, since PNMR and NM Capital could be subject to possible loss in the event of a default by WSJ under the Westmoreland Loan and/or performance was required under the letter of credit support.&#160; Principal payments under the Westmoreland Loan began on August 1, 2016 and are required quarterly thereafter.  Interest is also paid quarterly beginning on May 3, 2016.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the amount outstanding under the Westmoreland Loan was </font><font style="font-family:inherit;font-size:10pt;">$66.2 million</font><font style="font-family:inherit;font-size:10pt;">.  In addition, interest receivable of </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> is included in Other receivables.  The Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  A principal payment of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;"> plus interest of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;"> is due on November 1, 2017.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;"> was held in a SJCC bank account that is restricted solely to be used to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC.  In the event of a default by WSJ, NM Capital would have the ability to take over the mining operations.&#160; In such event, NM Capital would likely engage a third-party mining company to operate SJCC so that operations of the mine are not disrupted.  The acquisition of SJCC for approximately </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> on January 31, 2016 was an arm&#8217;s-length negotiated transaction between Westmoreland and BHP, which amount should approximate the fair value of SJCC at the date of acquisition.&#160; If WSJ were to default, NM Capital should be able to acquire assets of approximately the value of the Westmoreland Loan without a significant loss.  Furthermore, PNMR considers the possibility of loss under the letters of credit support to be remote since the purpose of posting the bonds is to provide assurance that SJCC performs the required reclamation of the mine site in accordance with applicable regulations and all reclamation costs are reimbursable under the CSA.  Also, much of the mine reclamation activities will not be performed until after the expiration of the CSA and the final maturity of the Westmoreland Loan.  In addition, each of the SJGS participants has established and funds a trust to meet its future reclamation obligations.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Both WSJ and SJCC are considered to be VIEs.&#160; PNMR&#8217;s analysis of these arrangements concluded that Westmoreland, as the parent of WSJ, has the ability to direct the SJCC mining operations, which is the factor that most significantly impacts the economic performance of WSJ and SJCC.&#160; NM Capital&#8217;s rights under the Westmoreland Loan are the typical protective rights of a lender, but do not give NM Capital any oversight over mining operations unless there is a default under the loan agreement.  Other than PNM being able to ensure that coal is supplied in adequate quantities and of sufficient quality to provide the fuel necessary to operate SJGS in a normal manner, the mining operations are solely under the control of Westmoreland and its subsidiaries, including developing mining plans, hiring of personnel, and incurring operating and maintenance expenses.  Neither PNMR nor PNM has any ability to direct or influence the mining operation.&#160; Therefore, PNM&#8217;s involvement through the CSA is a protective right rather than a participating right and Westmoreland has the power to direct the activities that most significantly impact the economic performance of SJCC. &#160;The CSA requires SJCC to deliver coal required to fuel SJGS in exchange for payment of a set price per ton, which is escalated over time for inflation.&#160; If SJCC is able to mine more efficiently than anticipated, its economic performance will be improved.&#160; Conversely, if SJCC cannot mine as efficiently as anticipated, its economic performance will be negatively impacted.&#160; Accordingly, PNMR believes Westmoreland is the primary beneficiary of WSJ and, therefore, WSJ and SJCC are not consolidated by either PNMR or PNM.  The amounts outstanding under the Westmoreland Loan and the letter of credit support constitute PNMR&#8217;s maximum exposure to loss from the VIEs.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_VariableInterestEntitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable Interest Entities [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_VariableInterestEntitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -URI http://asc.fasb.org/topic&amp;trid=2197479<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>41
<FILENAME>R14.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850252608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Lease Commitments<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesOfLesseeDisclosureTextBlock', window );">Lease Commitments</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease Commitments</font></div><div style="line-height:120%;text-align:justify;padding-left:30px;text-indent:-30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company leases office buildings, vehicles, and other equipment.  In addition, PNM leases interests in Units 1 and 2 of PVNGS and certain right-of-way agreements are classified as leases.  All of the Company&#8217;s leases are currently accounted for as operating leases.  See New Accounting Pronouncements in Note 1.  Additional information concerning the Company&#8217;s lease commitments is contained in Note 7 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K, including PNM&#8217;s actions with regard to renewal and purchase options under the PVNGS leases.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PVNGS leases were scheduled to expire on January 15, 2015 for the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> Unit 1 leases and January 15, 2016 for the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> Unit 2 leases.  The </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> Unit 1 leases have been extended to expire on January 15, 2023 and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of the Unit 2 leases has been extended to expire on January 15, 2024.  For the other </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> PVNGS Unit 2 leases, PNM exercised its fair market value options to purchase the assets underlying those leases on the expiration date of the original leases.  On January 15, 2016, PNM paid </font><font style="font-family:inherit;font-size:10pt;">$78.1 million</font><font style="font-family:inherit;font-size:10pt;"> to the lessor under </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> lease for </font><font style="font-family:inherit;font-size:10pt;">31.3</font><font style="font-family:inherit;font-size:10pt;"> MW of the entitlement from PVNGS Unit 2 and </font><font style="font-family:inherit;font-size:10pt;">$85.2 million</font><font style="font-family:inherit;font-size:10pt;"> to the lessors under the other </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> leases for </font><font style="font-family:inherit;font-size:10pt;">32.8</font><font style="font-family:inherit;font-size:10pt;"> MW of the entitlement from PVNGS Unit 2.  See Note 12 for information concerning the NMPRC&#8217;s treatment of the purchased assets and extended leases in PNM&#8217;s NM 2015 Rate Case.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is exposed to losses under the PVNGS lease arrangements upon the occurrence of certain events that PNM does not consider to be reasonably likely to occur.  Under certain circumstances (for example, the NRC issuing specified violation orders with respect to PVNGS or the occurrence of specified nuclear events), PNM would be required to make specified payments to the lessors, and take title to the leased interests.  If such an event had occurred as of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, amounts due to the lessors under the circumstances described above would be up to </font><font style="font-family:inherit;font-size:10pt;">$169.9 million</font><font style="font-family:inherit;font-size:10pt;">, payable on January 15, 2018 in addition to the scheduled lease payments due on January 15, 2018.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesOfLesseeDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -URI http://asc.fasb.org/subtopic&amp;trid=77888251<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -URI http://asc.fasb.org/topic&amp;trid=2208923<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesOfLesseeDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>42
<FILENAME>R15.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862578144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract', window );"><strong>Fair Value of Derivative and Other Financial Instruments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesAndFairValueTextBlock', window );">Fair Value of Derivative and Other Financial Instruments</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value of Derivative and Other Financial Instruments </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning energy related derivative contracts and other financial instruments is contained in Note 8 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value is defined under GAAP as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  Fair value is based on current market quotes as available and is supplemented by modeling techniques and assumptions made by the Company to the extent quoted market prices or volatilities are not available.  External pricing input availability varies based on commodity location, market liquidity, and term of the agreement.  Valuations of derivative assets and liabilities take into account nonperformance risk including the effect of counterparties&#8217; and the Company&#8217;s credit risk.  The Company regularly assesses the validity and availability of pricing data for its derivative transactions.  Although the Company uses its best judgment in estimating the fair value of these instruments, there are inherent limitations in any estimation technique.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Energy Related Derivative Contracts</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Overview</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The primary objective for the use of commodity derivative instruments, including energy contracts, options, swaps, and futures, is to manage price risk associated with forecasted purchases of energy and fuel used to generate electricity, as well as managing anticipated generation capacity in excess of forecasted demand from existing customers.  PNM&#8217;s energy related derivative contracts manage commodity risk.  PNM is required to meet the demand and energy needs of its retail and wholesale customers.  PNM is exposed to market risk for its share of PVNGS Unit 3 and the needs of its wholesale customers not covered under a FPPAC.  However, as discussed below, PNM has hedging arrangements for the output of PVNGS Unit 3 through December 31, 2017, at which time PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning January 1, 2018, PNM will be exposed to market risk for the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW of SJGS Unit 4 that will be transferred to PNM from PNMR Development (Note 11) on December 31, 2017.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;"> MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022, subject to certain conditions.  Under these agreements, PNM is obligated to deliver </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;"> MW of power only when SJGS Unit 4 is operating.&#160; These agreements are not considered derivatives because there is no notional amount due to the unit-contingent nature of the transactions.  Therefore, these agreements are not recorded at fair value.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s operations are managed primarily through a net asset-backed strategy, whereby PNM&#8217;s aggregate net open forward contract position is covered by its forecasted excess generation capabilities or market purchases.  PNM could be exposed to market risk if its generation capabilities were to be disrupted or if its load requirements were to be greater than anticipated.  If all or a portion of load requirements were required to be covered as a result of such unexpected situations, commitments would have to be met through market purchases.  TNMP does not enter into energy related derivative contracts.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commodity Risk</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketing and procurement of energy often involve market risks associated with managing energy commodities and establishing positions in the energy markets, primarily on a short-term basis.  PNM routinely enters into various derivative instruments such as forward contracts, option agreements, and price basis swap agreements to economically hedge price and volume risk on power commitments and fuel requirements and to minimize the effect of market fluctuations in wholesale portfolios.  PNM monitors the market risk of its commodity contracts to maintain total exposure within management-prescribed limits in accordance with approved risk and credit policies.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting for Derivatives</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under derivative accounting and related rules for energy contracts, PNM accounts for its various instruments for the purchase and sale of energy, which meet the definition of a derivative, based on PNM&#8217;s intent.  During the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and the year ended December 31, 2016, PNM was not hedging its exposure to the variability in future cash flows from commodity derivatives through designated cash flows hedges.  The derivative contracts recorded at fair value that do not qualify or are not designated for cash flow hedge accounting are classified as economic hedges.  Economic hedges are defined as derivative instruments, including long-term power agreements, used to economically hedge generation assets, purchased power and fuel costs, and customer load requirements.  Changes in the fair value of economic hedges are reflected in results of operations and are classified between operating revenues and cost of energy according to the intent of the hedge.  PNM has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> trading transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commodity Derivatives</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s commodity derivative instruments that are recorded at fair value, all of which are accounted for as economic hedges, are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:401px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:214px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:78px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,093</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,279</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in the above table are </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2.7 million</font><font style="font-family:inherit;font-size:10pt;"> of current assets at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> related to contracts for the sale of energy from PVNGS Unit 3 through 2017 at market price plus a premium.  Certain of PNM&#8217;s commodity derivative instruments in the above table are subject to master netting agreements whereby assets and liabilities could be offset in the settlement process.  PNM does not offset fair value and cash collateral for derivative instruments under master netting arrangements and the above table reflects the gross amounts of fair value assets and liabilities for commodity derivatives.  Included in the above table are equal amounts of assets and liabilities aggregating </font><font style="font-family:inherit;font-size:10pt;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, which result from PNM&#8217;s hazard sharing arrangements with Tri-State (Note 12).  The hazard sharing arrangements are net-settled upon delivery.  Other amounts that could be offset under master netting agreements were immaterial.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> amounts recognized for the legal right to reclaim cash collateral.  However, at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, amounts posted as cash collateral under margin arrangements were </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;">.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has a NMPRC-approved hedging plan to manage fuel and purchased power costs related to customers covered by its FPPAC.  The table above includes </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> of current assets and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> of current liabilities at September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> of current assets and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> of current liabilities at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> related to this plan.  The offsets to these amounts are recorded as regulatory assets and liabilities on the Condensed Consolidated Balance Sheets. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the effect of mark-to-market commodity derivative instruments on PNM&#8217;s earnings, excluding income tax effects.  Commodity derivatives had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> impact on OCI for the periods presented.</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:500px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:214px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,697</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,289</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Total gain (loss)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,251</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,651</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">408</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(899</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity contract volume positions are presented in MMBTU for gas related contracts and in MWh for power related contracts.  The table below presents PNM&#8217;s net buy (sell) volume positions:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:58.0896686159844%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MMBTU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MWh</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(630,933</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">254,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,471,600</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM has contingent requirements to provide collateral under commodity contracts having an objectively determinable collateral provision that are in net liability positions and are not fully collateralized with cash.  In connection with managing its commodity risks, PNM enters into master agreements with certain counterparties.  If PNM is in a net liability position under an agreement, some agreements provide that the counterparties can request collateral if PNM&#8217;s credit rating is downgraded; other agreements provide that the counterparty may request collateral to provide it with &#8220;adequate assurance&#8221; that PNM will perform; and others have </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> provision for collateral.  At September 30, 2017 and December 31, 2016, PNM had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> such contracts in a net liability position.</font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale of Power from PVNGS Unit 3</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">134</font><font style="font-family:inherit;font-size:10pt;"> MW share of Unit 3 at PVNGS is not currently included in retail rates, that unit&#8217;s power is being sold in the wholesale market.  PVNGS Unit 3 will be included as a jurisdictional resource to serve New Mexico retail customers beginning on January 1, 2018.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM had contracted to sell substantially all of PVNGS Unit 3 output through 2017 at market price plus a premium.&#160;  Through hedging arrangements that are accounted for as economic hedges, PNM has established fixed rates for substantially all of the sales through 2017, which average approximately </font><font style="font-family:inherit;font-size:10pt;">$29</font><font style="font-family:inherit;font-size:10pt;"> per MWh. </font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Derivative Financial Instruments</font></div><div style="line-height:120%;text-align:center;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts reflected on the Condensed Consolidated Balance Sheets approximate fair value for cash, receivables, and payables due to the short period of maturity.  Available-for-sale securities are carried at fair value.  Available-for-sale securities consist of PNM assets held in the NDT for its share of decommissioning costs of PVNGS and trusts for PNM&#8217;s share of final reclamation costs related to the coal mines serving SJGS and Four Corners (Note 11).  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the fair value of available-for-sale securities included </font><font style="font-family:inherit;font-size:10pt;">$283.0 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$253.9 million</font><font style="font-family:inherit;font-size:10pt;"> for the NDT and </font><font style="font-family:inherit;font-size:10pt;">$23.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$19.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the mine reclamation trusts.  The fair value and gross unrealized gains of investments in available-for-sale securities are presented in the following table.  </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:514px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:189px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,135</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,775</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,032</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,865</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,434</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,631</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,449</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The proceeds and gross realized gains and losses on the disposition of available-for-sale securities are shown in the following table.  Realized gains and losses are determined by specific identification of costs of securities sold.  Gross realized losses shown below exclude the (increase)/decrease in realized impairment losses of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the three and nine months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the three and nine months ended September 30, 2016.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:474px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:189px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proceeds from sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,975</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">456,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">280,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,026</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,745</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,273</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized (losses)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,829</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Held-to-maturity securities are those investments in debt securities that the Company has the ability and intent to hold until maturity.  At September 30, 2017 and December 31, 2016, PNMR&#8217;s held-to-maturity securities consist of the Westmoreland Loan. </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> available-for-sale or held-to-maturity securities for which carrying value exceeds fair value.  There are </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> impairments considered to be &#8220;other than temporary&#8221; that are included in AOCI and not recognized in earnings.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the available-for-sale and held-to-maturity debt securities had the following final maturities:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:362px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:210px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:6px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Held-to-Maturity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR and PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within 1 year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 1 year through 5 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,766</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 5 years through 10 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 10 years through 15 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,178</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 15 years through 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,692</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,614</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,619</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Disclosures</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines the fair values of its derivative and other financial instruments based on the hierarchy established in GAAP, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  GAAP describes three levels of inputs that may be used to measure fair value.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.  Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 inputs are unobservable inputs for the asset or liability.  Level 3 inputs used in determining fair values for the Company consist of internal valuation models.  The Company records any transfers between fair value hierarchy levels as of the end of each calendar quarter.  There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> transfers between levels during the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> or the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For available-for-sale securities, Level 2 fair values are provided by the trustee utilizing a pricing service.  The pricing provider predominantly uses the market approach using bid side market value based upon a hierarchy of information for specific securities or securities with similar characteristics.  For commodity derivatives, Level 2 fair values are determined based on market observable inputs, which are validated using multiple broker quotes, including forward price, volatility, and interest rate curves to establish expectations of future prices.  Credit valuation adjustments are made for estimated credit losses based on the overall exposure to each counterparty.  For the Company&#8217;s long-term debt, Level 2 fair values are provided by an external pricing service.  The pricing service primarily utilizes quoted prices for similar debt in active markets when determining fair value.  For investments categorized as Level 3, primarily the Westmoreland Loan, fair values were determined by discounted cash flow models that take into consideration discount rates that are observable for similar types of assets and liabilities.  Management of the Company independently verifies the information provided by pricing services.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Items recorded at fair value by PNM on the Condensed Consolidated Balance Sheets are presented below by level of the fair value hierarchy.  There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> Level 3 fair value measurements at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> for items recorded at fair value. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:87.91423001949317%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quoted Prices in Active Markets for Identical Assets (Level 1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Other Observable Inputs (Level 2)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,931</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,236</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,862</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,582</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,158</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,513</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">196,436</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,541</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and fair values of investments in the Westmoreland Loan, other investments, and long-term debt, which are not recorded at fair value on the Condensed Consolidated Balance Sheets are presented below: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:87.32943469785575%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,447,702</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,657,396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">480,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392,712</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,164</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,631,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">420,875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value of Derivative and Other Financial Instruments [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativesAndFairValueTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivatives and fair value of assets and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -URI http://asc.fasb.org/topic&amp;trid=2229140<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -URI http://asc.fasb.org/topic&amp;trid=2155941<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativesAndFairValueTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>43
<FILENAME>R16.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862528496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Stock-Based Compensation</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock-Based Compensation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has various stock-based compensation programs, including stock options, restricted stock, and performance shares granted under the Performance Equity Plan (&#8220;PEP&#8221;).  Although certain PNM and TNMP employees participate in the PNMR plans, PNM and TNMP do not have separate employee stock-based compensation plans.  In 2011, the Company changed its approach to awarding stock-based compensation.  As a result, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> stock options have been granted since 2010 and awards of restricted stock have increased.  Certain restricted stock awards are subject to achieving performance or market targets.  Other awards of restricted stock are only subject to time vesting requirements.  Additional information concerning stock-based compensation under the PEP is contained in Note 13 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted stock under the PEP refers to awards of stock subject to vesting, performance, or market conditions rather than to shares with contractual post-vesting restrictions.  Generally, the awards vest ratably over </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> years from the grant date of the award.  However, awards with performance or market conditions vest upon satisfaction of those conditions.  In addition, plan provisions provide that upon retirement, participants become </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> vested in certain stock awards.  Beginning with 2017 awards, the vesting period for awards of restricted stock to non-employee members of the Board is </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The stock-based compensation expense related to restricted stock awards without performance or market conditions to participants that are retirement eligible on the grant date is recognized immediately at the grant date and is not amortized.  Compensation expense for other such awards is amortized to compensation expense over the shorter of the requisite vesting period or the period until the participant becomes retirement eligible.  Compensation expense for performance-based shares is recognized ratably over the performance period and is adjusted periodically to reflect the level of achievement expected to be attained.  Compensation expense related to market-based shares is recognized ratably over the measurement period, regardless of the actual level of achievement, provided the employees meet their service requirements.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNMR had unrecognized expense related to stock awards of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;">, which are expected to be recognized over an average of </font><font style="font-family:inherit;font-size:10pt;">2.0</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">1.8</font><font style="font-family:inherit;font-size:10pt;"> years.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR receives a tax deduction for certain stock option exercises during the period the options are exercised, generally for the excess of the price at which the options are sold over the exercise prices of the options, and a tax deduction for the value of restricted stock at the vesting date.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;-</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting </font><font style="font-family:inherit;font-size:10pt;">to simplify several aspects of the accounting for share-based payment transactions and eliminate diversity in practice.  PNMR&#8217;s historical accounting for stock compensation complies with ASU 2016-09, except for the treatment of the income tax consequences of awards and the presentation of reductions to taxes payable on the Consolidated Statements of Cash Flows.  Prior to ASU 2016-09, benefits resulting from income tax deductions in excess of compensation cost recognized under GAAP for vested restricted stock and on exercised stock options (collectively, &#8220;excess tax benefits&#8221;) were recorded to equity provided the excess tax benefits reduced income taxes payable.  Deficiencies resulting from tax deductions related to stock awards that were below recognized compensation cost upon vesting and on canceled stock options were recorded to equity.  PNMR had not recorded excess tax benefits to equity since 2009 because it is in a net operating loss position for income tax purposes.  ASU 2016-09 requires that all excess tax benefits and deficiencies be recorded to tax expense and classified as cash flows from operating activities.  PNMR adopted ASU 2016-09 as of January 1, 2017 and recorded excess tax benefits of </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;"> in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2017 of which </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.7 million</font><font style="font-family:inherit;font-size:10pt;"> was allocated to PNM and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> was allocated to TNMP.  As required by ASU 2016-09, PNMR recorded the excess tax benefits that were not recognized in prior years, due to its net operating loss position, as a cumulative effect adjustment of </font><font style="font-family:inherit;font-size:10pt;">$10.4 million</font><font style="font-family:inherit;font-size:10pt;"> on January 1, 2017, increasing retained earnings and decreasing accumulated deferred income taxes on the Condensed Consolidated Balance Sheets.  When excess tax benefits are used to reduce income taxes payable, the benefit will be reflected in cash flows from operating activities.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The grant date fair value for restricted stock and stock awards with Company internal performance targets is determined based on the market price of PNMR common stock on the date of the agreements reduced by the present value of future dividends, which will not be received prior to vesting, applied to the total number of shares that are anticipated to vest, although the number of performance shares that ultimately vest cannot be determined until after the performance periods end.  The grant date fair value of stock awards with market targets is determined using Monte Carlo simulation models, which provide grant date fair values that include an expectation of the number of shares to vest at the end of the measurement period.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:467px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:333px;" rowspan="1" colspan="1"></td><td style="width:6px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:40px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:40px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Shares and Performance Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected quarterly dividends per share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2425</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2200</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.50</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.94</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Market-Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividend yield</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.74</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected volatility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.80</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.44</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.97</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options, for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:590px;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:278px;" rowspan="1" colspan="1"></td><td style="width:68px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:68px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at December 31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,874</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,271</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(270,855</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(109,433</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,012</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29.96</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expired</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">191,720</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,441</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.98</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR&#8217;s stock-based compensation program provides for performance and market targets through 2019.  Included as granted and as exercised in the above table are </font><font style="font-family:inherit;font-size:10pt;">49,682</font><font style="font-family:inherit;font-size:10pt;"> previously awarded shares that were earned for the 2014 through 2016 performance measurement period and ratified by the Board in February 2017 (based upon achieving market targets at &#8220;target&#8221; levels, weighted at </font><font style="font-family:inherit;font-size:10pt;">60%</font><font style="font-family:inherit;font-size:10pt;">, and not meeting performance targets, weighted at </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;">).  Excluded from the above table are maximums of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">163,712</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">137,036</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">133,632</font><font style="font-family:inherit;font-size:10pt;"> shares for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year performance periods ending in 2017, 2018, and 2019 that would be awarded if all performance and market criteria are achieved at maximum levels and all executives remain eligible.  </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2012, the Company entered into a retention award agreement with its Chairman, President, and Chief Executive Officer under which she was to receive </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">135,000</font><font style="font-family:inherit;font-size:10pt;"> shares of PNMR&#8217;s common stock if PNMR met specific market targets at the end of 2016 and she remained an employee of the Company.  Under the agreement, she received </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">35,000</font><font style="font-family:inherit;font-size:10pt;"> of the total shares in 2015 since PNMR achieved specific market targets at the end of 2014.  The specified market target was achieved at the end of 2016 and the Board ratified her receiving the remaining </font><font style="font-family:inherit;font-size:10pt;">100,000</font><font style="font-family:inherit;font-size:10pt;"> shares, which are included in the above table, in February 2017.  The retention award was made under the PEP and was approved by the Board on February 28, 2012. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective as of January 1, 2015, the Company entered into a retention award agreement with its Executive Vice President and Chief Financial Officer under which he would receive awards of restricted stock if PNMR meets specific performance targets at the end of 2016 and 2017 and he remains an employee of the Company.  If PNMR achieved the specific performance target for the period from January 1, 2015 through December 31, 2016, he was to receive </font><font style="font-family:inherit;font-size:10pt;">$100,000</font><font style="font-family:inherit;font-size:10pt;"> of PNMR common stock based on the market value per share on the grant date in early 2017.  The specified market target was achieved at the end of 2016 and the Board ratified him receiving </font><font style="font-family:inherit;font-size:10pt;">$100,000</font><font style="font-family:inherit;font-size:10pt;"> of PNMR common stock in February 2017 based on a market per share value of </font><font style="font-family:inherit;font-size:10pt;">$36.30</font><font style="font-family:inherit;font-size:10pt;"> on the grant date of March 3, 2017, or </font><font style="font-family:inherit;font-size:10pt;">2,754</font><font style="font-family:inherit;font-size:10pt;"> shares, which are included in the above table.  Similarly, if PNMR achieves the specific performance target for the period from January 1, 2015 through December 31, 2017, he would receive </font><font style="font-family:inherit;font-size:10pt;">$275,000</font><font style="font-family:inherit;font-size:10pt;"> of PNMR common stock based on the market value per share on the grant date in early 2018.  The retention award was made under the PEP and was approved by the Board on December 9, 2014.  The above table does not include the restricted stock shares that remain unvested under this retention award agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2015, the Company entered into an additional retention award agreement with its Chairman, President, and Chief Executive Officer under which she would receive </font><font style="font-family:inherit;font-size:10pt;">53,859</font><font style="font-family:inherit;font-size:10pt;"> shares of PNMR&#8217;s common stock if PNMR meets certain performance targets at the end of 2019 and she remains an employee of the Company.  Under the agreement, she would receive </font><font style="font-family:inherit;font-size:10pt;">17,953</font><font style="font-family:inherit;font-size:10pt;"> of the total shares if PNMR achieves specific performance targets at the end of 2017.  The retention award was made under the PEP and was approved by the Board on February 26, 2015.  The above table does not include any restricted stock shares under this retention award agreement.</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;&#160;&#160;&#160;</sup>&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the aggregate intrinsic value of stock options outstanding, all of which are exercisable, was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.9 million</font><font style="font-family:inherit;font-size:10pt;"> with a weighted-average remaining contract life of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.8</font><font style="font-family:inherit;font-size:10pt;"> years.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> outstanding stock options had an exercise price greater than the closing price of PNMR common stock on that date.</font></div><div style="line-height:120%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:340px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of restricted shares that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,666</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value of options granted</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of options that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total intrinsic value of options exercised (in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,234</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,208</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -URI http://asc.fasb.org/topic&amp;trid=2228938<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 50<br> -URI http://asc.fasb.org/subtopic&amp;trid=2208855<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>44
<FILENAME>R17.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862552112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financing<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureTextBlock', window );">Financing</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financing</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financing strategy includes both short-term and long-term borrowings.  The Company utilizes short-term revolving credit facilities, as well as cash flows from operations, to provide funds for both construction and operating expenditures.  Depending on market and other conditions, the Company will periodically sell long-term debt or enter into term loan arrangements and use the proceeds to reduce borrowings under the revolving credit facilities or refinance other debt.  Each of the Company&#8217;s revolving credit facilities and term loans contains a single financial covenant, which requires the maintenance of a debt-to-capital ratio of less than or equal to </font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and generally also include customary covenants, events of default, cross default provisions, and change of control provisions.  PNM must obtain NMPRC approval for any financing transaction having a maturity of more than </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;"> months.  In addition, PNM files its annual short-term financing plan with the NMPRC.  Additional information concerning financing activities is contained in Note 6 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financing Activities</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 11, NM Capital, a wholly-owned subsidiary of PNMR, entered into a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> term loan agreement (the &#8220;BTMU Term Loan Agreement&#8221;) with BTMU, as lender and administrative agent, as of February 1, 2016.  The BTMU Term Loan Agreement has a maturity of February 1, 2021 and bears interest at a rate based on LIBOR plus a customary spread, which aggregated </font><font style="font-family:inherit;font-size:10pt;">4.06%</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  PNMR, as parent company of NM Capital, has guaranteed NM Capital&#8217;s obligations to BTMU.  The BTMU Term Loan Agreement and the guaranty include customary covenants, including requirements for PNMR to not exceed a maximum debt-to-capital ratio of </font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and customary events of default, a cross default provision, and a change of control provision consistent with PNMR&#8217;s other term loan agreements.  NM Capital utilized the proceeds of the BTMU Term Loan Agreement to provide funding of </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;Westmoreland Loan&#8221;) to a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland Coal Company to finance Westmoreland&#8217;s purchase of SJCC.  The BTMU Term Loan Agreement requires that NM Capital utilize all amounts, less taxes and fees, it receives under the Westmoreland Loan to repay the BTMU Term Loan Agreement.  The principal balance outstanding under the BTMU Term Loan Agreement was </font><font style="font-family:inherit;font-size:10pt;">$60.9 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.  Based on scheduled payments on the Westmoreland Loan, NM Capital estimates it will make principal payments of </font><font style="font-family:inherit;font-size:10pt;">$15.7 million</font><font style="font-family:inherit;font-size:10pt;"> on the BTMU Term Loan Agreement in the twelve months ended September 30, 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 21, 2016, PNMR entered into letter of credit arrangements with JPMorgan Chase Bank, N.A. (the &#8220;JPM LOC Facility&#8221;) under which letters of credit aggregating </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;"> were issued to facilitate the posting of reclamation bonds, which SJCC is required to post in connection with permits relating to the operation of the San Juan mine (Note 11). </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2016, PNM had </font><font style="font-family:inherit;font-size:10pt;">$37.0 million</font><font style="font-family:inherit;font-size:10pt;"> of outstanding PCRBs, which have a final maturity of June 1, 2040, and </font><font style="font-family:inherit;font-size:10pt;">$20.0 million</font><font style="font-family:inherit;font-size:10pt;"> of outstanding PCRBs which have a final maturity of June 1, 2042.  These PCRBs were subject to mandatory tender for remarketing on June 1, 2017 and were successfully remarketed on that date.  The </font><font style="font-family:inherit;font-size:10pt;">$37.0 million</font><font style="font-family:inherit;font-size:10pt;"> of PCRBs now bear interest at </font><font style="font-family:inherit;font-size:10pt;">2.125%</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">$20.0 million</font><font style="font-family:inherit;font-size:10pt;"> of PCRBs now bear interest at </font><font style="font-family:inherit;font-size:10pt;">2.45%</font><font style="font-family:inherit;font-size:10pt;">.  Both series are now subject to mandatory tender for remarketing on June 1, 2022.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 14, 2017, TNMP entered into an agreement (the &#8220;TNMP 2017 Bond Purchase Agreement&#8221;), which provided TNMP would issue </font><font style="font-family:inherit;font-size:10pt;">$60.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">3.22%</font><font style="font-family:inherit;font-size:10pt;"> first mortgage bonds, due 2027 (the &#8220;2017 Series A Bonds&#8221;) on or about August 25, 2017, subject to satisfaction of certain conditions.  TNMP issued the 2017 Series A Bonds on August 24, 2017 and used the proceeds to reduce short-term and intercompany debt and for general corporate purposes.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 20, 2017, PNM entered into a </font><font style="font-family:inherit;font-size:10pt;">$200.0 million</font><font style="font-family:inherit;font-size:10pt;"> term loan agreement (the &#8220;PNM 2017 Term Loan Agreement&#8221;) between PNM and JPMorgan Chase Bank, N.A., as lender and administrative agent, and U.S. Bank National Association, as lender.  The PNM 2017 Term Loan Agreement bears interest at a variable rate and must be repaid on or before January 18, 2019.  PNM used the proceeds of the PNM 2017 Term Loan Agreement to prepay without penalty the </font><font style="font-family:inherit;font-size:10pt;">$175.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNM 2016 Term Loan Agreement, which was to mature on November 17, 2017, and to reduce short-term borrowings.  The PNM 2017 Term Loan Agreement includes customary covenants, including requirements to not exceed a maximum debt-to-capital ratio of&#160;</font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, and customary events of default, a cross default provision, and a change of control provision consistent with PNM&#8217;s other term loan agreements. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 28, 2017, PNM entered into an agreement (the &#8220;PNM 2017 Senior Unsecured Note Agreement&#8221;) with institutional investors for the sale of </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of Senior Unsecured Notes (the &#8220;PNM 2018 SUNs&#8221;) offered in private placement transactions.  Under the PNM 2017 Senior Unsecured Note Agreement, PNM has agreed to issue </font><font style="font-family:inherit;font-size:10pt;">$350.0 million</font><font style="font-family:inherit;font-size:10pt;"> of the PNM 2018 SUNs on or about May 15, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> of the PNM 2018 SUNs on or about August 1, 2018.  The issuances of the PNM 2018 SUNs are subject to the satisfaction of customary conditions.  PNM will use the gross proceeds from the PNM 2018 SUNs to repay </font><font style="font-family:inherit;font-size:10pt;">$350.0 million</font><font style="font-family:inherit;font-size:10pt;"> of PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">7.95%</font><font style="font-family:inherit;font-size:10pt;"> Senior Unsecured Notes that mature on May 15, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> of PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">7.50%</font><font style="font-family:inherit;font-size:10pt;"> Senior Unsecured Notes that mature on August 1, 2018.  The terms of the PNM 2017 Senior Unsecured Note Agreement include customary covenants, including a covenant that requires the maintenance of a debt-to-capital ratio of less than or equal to&#160;</font><font style="font-family:inherit;font-size:10pt;">65%</font><font style="font-family:inherit;font-size:10pt;">, customary events of default, including a cross default provision, and  covenants regarding parity of financial covenants, liens and guarantees with respect to PNM&#8217;s material credit facilities.  In the event of a change of control, PNM will be required to offer to prepay the PNM 2018 SUNs at par.  PNM will have the right to redeem any or all of the PNM 2018 SUNs prior to their respective maturities, subject to payment of a customary make-whole premium.  In accordance with GAAP, aggregate borrowings of </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;"> under PNM&#8217;s Senior Unsecured Notes due on May 15, 2018 and August 1, 2018, are reflected as being long-term in the Condensed Consolidated Balance Sheet at September 30, 2017 since the PNM 2017 Senior Unsecured Note Agreement demonstrates PNM&#8217;s ability and intent to re-finance the aggregate </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;"> Senior Unsecured Notes on a long-term basis.  Information concerning the maturities and interest rates on the PNM 2018 SUNs to be issued in May 2018 and August 2018 is as follows:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:90px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:62px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Scheduled</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Funding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rate</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2028</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.68</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2033</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2038</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.22</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2048</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">350.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.78</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2048</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 25, 2017, the TNMP Revolving Credit Facility was amended and restated to extend its maturity from September 18, 2018 to September 23, 2022 and to provide for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year extension options, subject to approval by a majority of the lenders.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2015, PNMR entered into a </font><font style="font-family:inherit;font-size:10pt;">$150.0 million</font><font style="font-family:inherit;font-size:10pt;"> Term Loan Agreement (the &#8220;PNMR 2015 Term Loan Agreement&#8221;), which bears interest at a variable rate and must be repaid by March 9, 2018.  In September 2015, PNMR entered into a hedging agreement whereby it effectively established a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.927%</font><font style="font-family:inherit;font-size:10pt;">, subject to change if there is a change in PNMR&#8217;s credit rating, for borrowings under the PNMR 2015 Term Loan Agreement for the period from January 11, 2016 through March 9, 2018.  In 2017, PNMR entered into </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> separate </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year hedging agreements whereby it effectively established fixed interest rates of </font><font style="font-family:inherit;font-size:10pt;">1.926%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">1.823%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">1.629%</font><font style="font-family:inherit;font-size:10pt;">, plus customary spreads over LIBOR, subject to change if there is a change in PNMR&#8217;s credit rating, for </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> separate tranches, each of </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">, of its variable rate debt.  These hedge agreements are accounted for as cash flow hedges.  The fair value of the hedge related to the PNMR 2015 Term Loan Agreement was a gain of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and is included in Other current assets on the Condensed Consolidated Balance Sheets and a loss of less than </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> at December 31, 2016.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of the remaining hedge agreements had a fair value gain of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">, which is included in Other current assets, and the other </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> had fair value losses aggregating </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">, which are included in Other current liabilities, on the Condensed Consolidated Balance Sheets.  The fair values were determined using Level 2 inputs under GAAP, including using forward&#160;LIBOR curves under the mid-market convention&#160;to discount cash flows&#160;over the&#160;remaining&#160;term of the agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At September&#160;30, 2017, variable interest rates were </font><font style="font-family:inherit;font-size:10pt;">2.14%</font><font style="font-family:inherit;font-size:10pt;"> on the </font><font style="font-family:inherit;font-size:10pt;">$150.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNMR 2015 Term Loan Agreement, </font><font style="font-family:inherit;font-size:10pt;">2.19%</font><font style="font-family:inherit;font-size:10pt;"> on the </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNMR 2016 </font><font style="font-family:inherit;font-size:10pt;">Two</font><font style="font-family:inherit;font-size:10pt;">-Year Term Loan, and </font><font style="font-family:inherit;font-size:10pt;">1.97%</font><font style="font-family:inherit;font-size:10pt;"> on the </font><font style="font-family:inherit;font-size:10pt;">$200.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNM 2017 Term Loan Agreement.</font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Short-term Debt and Liquidity</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currently, the PNMR Revolving Credit Facility has a financing capacity of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$300.0 million</font><font style="font-family:inherit;font-size:10pt;"> and the PNM Revolving Credit Facility has a financing capacity of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$400.0 million</font><font style="font-family:inherit;font-size:10pt;">.  In November 2016, PNMR and PNM entered into agreements to extend the maturity of both facilities from October 31, 2020 to October 31, 2021.  However, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> lender, whose current commitment is </font><font style="font-family:inherit;font-size:10pt;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;"> under the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">$40.0 million</font><font style="font-family:inherit;font-size:10pt;"> under the PNM Revolving Credit Facility, did not agree to extend its commitments beyond October, 31, 2020.  Unless </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> or more of the other current lenders or a new lender assumes the commitments of the non-extending lender, the financing capacities will be reduced to </font><font style="font-family:inherit;font-size:10pt;">$290.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">$360.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the PNM Revolving Credit Facility from November 1, 2020 through October 31, 2021.  The TNMP Revolving Credit Facility is a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$75.0 million</font><font style="font-family:inherit;font-size:10pt;"> revolving credit facility secured by </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$75.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of TNMP first mortgage bonds.  The TNMP Revolving Credit Facility matures on September 23, 2022.  PNM also has the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNM New Mexico Credit Facility that expires on January 8, 2018. Short-term debt outstanding consisted of:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:399px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:213px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:72px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Short-term Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2016 One-Year Term Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">287,100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the weighted average interest rate was </font><font style="font-family:inherit;font-size:10pt;">2.49%</font><font style="font-family:inherit;font-size:10pt;"> for the PNMR Revolving Credit Facility and </font><font style="font-family:inherit;font-size:10pt;">2.09%</font><font style="font-family:inherit;font-size:10pt;"> for the PNMR 2016 </font><font style="font-family:inherit;font-size:10pt;">One</font><font style="font-family:inherit;font-size:10pt;">-Year Term Loan, which matures in December 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the above borrowings, PNMR, PNM, and TNMP had letters of credit outstanding of </font><font style="font-family:inherit;font-size:10pt;">$6.4 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> that reduce the available capacity under their respective revolving credit facilities.  The above table excludes intercompany debt.  As of September 30, 2017, PNM and TNMP had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> intercompany borrowings from PNMR.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR, PNM, and TNMP had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$118.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$397.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$69.0 million</font><font style="font-family:inherit;font-size:10pt;"> of availability under their respective revolving credit facilities, including reductions of availability due to outstanding letters of credit, and PNM had </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> of availability under the PNM New Mexico Credit Facility.  Total availability at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, on a consolidated basis, was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$635.0 million</font><font style="font-family:inherit;font-size:10pt;"> for PNMR.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNM and TNMP had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> borrowings from PNMR under their intercompany loan agreements.  At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;">, PNMR, PNM, and TNMP had invested cash of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$50.5 million</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As described above, PNM entered into the PNM 2017 Senior Unsecured Note Agreement on July 28, 2017 to issue </font><font style="font-family:inherit;font-size:10pt;">$450.0 million</font><font style="font-family:inherit;font-size:10pt;"> of the PNM 2018 SUNs on May 15, 2018 and August 1, 2018, proceeds from which will be used to repay like amounts of PNM Senior Unsecured Notes maturing on those dates.  PNM has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> other long-term debt due through December 31, 2018.  The </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> PNM New Mexico Credit Facility expires in January 2018.  PNMR has maturities and other repayments of short-term and long-term debt aggregating </font><font style="font-family:inherit;font-size:10pt;">$265.7 million</font><font style="font-family:inherit;font-size:10pt;"> in the period from October 1, 2017 through September 30, 2018 and </font><font style="font-family:inherit;font-size:10pt;">$102.3 million</font><font style="font-family:inherit;font-size:10pt;"> in the remainder of 2018, including anticipated repayments on the BTMU Term Loan Agreement.  TNMP has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> required principal payments on its long-term debt through 2018.  Additional information on debt maturities is contained in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -URI http://asc.fasb.org/topic&amp;trid=2208564<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>45
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862528496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Pension and Other Postretirement Benefit Plans<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock', window );">Pension and Other Postretirement Benefit Plans</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension and Other Postretirement Benefit Plans</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR and its subsidiaries maintain qualified defined benefit pension plans, postretirement benefit plans providing medical and dental benefits, and executive retirement programs (collectively, the &#8220;PNM Plans&#8221; and &#8220;TNMP Plans&#8221;).  PNMR maintains the legal obligation for the benefits owed to participants under these plans. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning pension and OPEB plans is contained in Note 12 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K.  Annual net periodic benefit cost for the plans is actuarially determined using the methods and assumptions set forth in that note and is recognized ratably throughout the year.  See New Accounting Pronouncements in Note 1.</font></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM Plans</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the PNM Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:39%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,577</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,308</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,371</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,001</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,455</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">921</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">286</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(416</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,036</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,937</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">227</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:39%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,181</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,731</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,019</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,260</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">523</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,352</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,562</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,004</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,365</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">858</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">192</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,248</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,109</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,810</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">682</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">758</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> make any contributions to its pension plan trust in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2017 and 2016 and does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> anticipate making any contributions to the pension plan in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">-2021,&#160;based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.1%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.9%</font><font style="font-family:inherit;font-size:10pt;">.  Actual amounts to be funded in the future will be dependent on the actuarial assumptions at that time, including the appropriate discount rate.  PNM may make additional contributions at its discretion.  PNM made </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> contributions to the OPEB trust in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;"> in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2016.  PNM does not expect to make any contributions to the OPEB trust in 2017-2021.&#160; Disbursements under the executive retirement program, which are funded by PNM and considered to be contributions to the plan, were </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2016 and are expected to total </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;"> during </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;"> for 2018-2021.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP Plans</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the TNMP Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:301px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">722</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">826</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">169</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(945</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">83</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:301px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,165</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,478</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,834</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">692</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">122</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">250</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> make any contributions to its pension plan trust in the three and nine months ended September 30, 2017 and 2016 and does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> anticipate making any contributions in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">-2021, based on current law, including recent amendments to funding requirements, and estimates of portfolio performance.  The funding assumptions were developed using discount rates of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.1%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">4.9%</font><font style="font-family:inherit;font-size:10pt;">.  Actual amounts to be funded in the future will depend on the actuarial assumptions at that time, including the appropriate discount rate.  TNMP may make additional contributions at its discretion.  TNMP made contributions of </font><font style="font-family:inherit;font-size:10pt;">none</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> to the OPEB trust in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> contribution in the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended September 30, 2016.  TNMP does </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> expect to make any additional contributions to the OPEB trust in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> and expects to make contributions totaling </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;"> for 2018-2021.  Disbursements under the executive retirement program, which are funded by TNMP and considered to be contributions to the plan, were less than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2017 and 2016</font><font style="font-family:inherit;font-size:10pt;"> and are expected to total </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> during </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> in 2018-2021.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CompensationAndRetirementDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CompensationAndRetirementDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for pension and other postretirement benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -URI http://asc.fasb.org/topic&amp;trid=2235017<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>46
<FILENAME>R19.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850252608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments and Contingencies</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Overview  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There are various claims and lawsuits pending against the Company.  The Company also is subject to federal, state, and local environmental laws and regulations and periodically participates in the investigation and remediation of various sites.  In addition, the Company periodically enters into financial commitments in connection with its business operations.  Also, the Company is involved in various legal and regulatory (Note 12) proceedings in the normal course of its business.  It is not possible at this time for the Company to determine fully the effect of all litigation and other legal and regulatory proceedings on its financial position, results of operations, or cash flows.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With respect to some of the items listed below, the Company has determined that a loss is not probable or that, to the extent probable, cannot be reasonably estimated.  In some cases, the Company is not able to predict with any degree of certainty the range of possible loss that could be incurred.  Nevertheless, the Company assesses legal and regulatory matters based on current information and makes judgments concerning their potential outcome, giving due consideration to the nature of the claim, the amount and nature of any damages sought, and the probability of success.  Such judgments are made with the understanding that the outcome of any litigation, investigation, or other legal proceeding is inherently uncertain.  In accordance with GAAP, the Company records liabilities for matters where it is probable a loss has been incurred and the amount of loss is reasonably estimable.  The actual outcomes of the items listed below could ultimately differ from the judgments made and the differences could be material.  The Company cannot make any assurances that the amount of reserves or potential insurance coverage will be sufficient to cover the cash obligations that might be incurred as a result of litigation or regulatory proceedings.  Except as otherwise disclosed, the Company does not expect that any known lawsuits, environmental costs, and commitments will have a material effect on its financial condition, results of operations, or cash flows.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additional information concerning commitments and contingencies is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Commitments and Contingencies Related to the Environment</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nuclear Spent Fuel and Waste Disposal </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nuclear power plant operators are required to enter into spent fuel disposal contracts with the DOE that require the DOE to accept and dispose of all spent nuclear fuel and other high-level radioactive wastes generated by domestic power reactors.  Although the Nuclear Waste Policy Act required the DOE to develop a permanent repository for the storage and disposal of spent nuclear fuel by 1998, the DOE announced that it would not be able to open the repository by 1998 and sought to excuse its performance of these requirements.  In November 1997, the DC Circuit issued a decision preventing the DOE from excusing its own delay, but refused to order the DOE to begin accepting spent nuclear fuel.  Based on this decision and the DOE&#8217;s delay, a number of utilities, including APS (on behalf of itself and the other PVNGS owners, including PNM), filed damages actions against the DOE in the Court of Federal Claims.  The lawsuits filed by APS alleged that damages were incurred due to DOE&#8217;s continuing failure to remove spent nuclear fuel and high-level waste from PVNGS.  In August 2014, APS and DOE entered into a settlement agreement, which established a process for the payment of claims for costs incurred through December 31, 2016.  The settlement agreement has been extended to December 31, 2019.  Under the settlement agreement, APS must submit claims annually for payment of allowable costs.  PNM records estimated claims on a quarterly basis.  The benefit from the claims is passed through to customers under the FPPAC to the extent applicable to NMPRC regulated operations.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM estimates that it will incur approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$57.7 million</font><font style="font-family:inherit;font-size:10pt;"> (in 2016 dollars) for its share of the costs related to the on-site interim storage of spent nuclear fuel at PVNGS during the term of the operating licenses.  PNM accrues these costs as a component of fuel expense as the fuel is consumed.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, PNM had a liability for interim storage costs of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.1 million</font><font style="font-family:inherit;font-size:10pt;"> included in other deferred credits. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PVNGS has sufficient capacity at its on-site ISFSI to store all of the nuclear fuel that will be irradiated during the initial operating license period, which ends in December&#160;2027.&#160; Additionally, PVNGS has sufficient capacity at its on-site ISFSI to store a portion of the fuel that will be irradiated during the period of extended operation, which ends in November&#160;2047.&#160; If uncertainties regarding the United States government&#8217;s obligation to accept and store spent fuel are not favorably resolved, APS will evaluate alternative storage solutions that may obviate the need to expand the ISFSI to accommodate all of the fuel that will be irradiated during the period of extended operation.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 8, 2012, the DC Circuit issued its decision on a challenge by several states and environmental groups of the NRC&#8217;s rulemaking regarding temporary storage and permanent disposal of high level nuclear waste and spent nuclear fuel.  The petitioners had challenged the NRC&#8217;s 2010 update to the agency&#8217;s Waste Confidence Decision and temporary storage rule&#160;(the &#8220;Waste Confidence Decision&#8221;).  The DC Circuit found that the Waste Confidence Decision update constituted a major federal action, which, consistent with NEPA, requires either an environmental impact statement or a finding of no significant impact from the NRC&#8217;s actions.  The DC Circuit found that the NRC&#8217;s evaluation of the environmental risks from spent nuclear fuel was deficient and, therefore, remanded the Waste Confidence Decision update for further action consistent with NEPA.  On September 6, 2012, the NRC commissioners issued a directive to the NRC staff to proceed with development of a generic EIS to support an updated Waste Confidence Decision, which was issued in September 2013. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 26, 2014, the NRC approved a final rule on the environmental effects of continued storage of spent nuclear fuel.&#160; The continued storage rule adopted the findings of the generic EIS regarding the environmental impacts of storing spent fuel at any reactor site after the reactor&#8217;s licensed period of operations.  As a result, those generic impacts do not need to be re-analyzed in the environmental reviews for individual licenses.  The NRC lifted its suspension on final licensing actions on all nuclear power plant licenses and renewals that went into effect when the DC Circuit issued its June 2012 decision although PVNGS had not been involved in any licensing actions affected by that decision.  The August 2014 final rule has been subject to continuing legal challenges before the NRC and the United States Court of Appeals.  On May 19, 2016, the NRC denied petitions filed by multiple petitioners to revise the August 2014 rule.  The DC Circuit issued an order upholding the August 2014 rule on June 3, 2016 and denied a subsequent petition for rehearing on August 8, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2011, the National Association of Regulatory Utility Commissioners and the Nuclear Energy Institute challenged, in the DC Circuit, DOE&#8217;s 2010 determination of the adequacy of the one tenth of a cent per KWh fee (the &#8220;one-mill fee&#8221;) paid by the nation&#8217;s commercial nuclear power plant owners pursuant to their individual contracts with the DOE.  On January 3, 2014, the DOE notified Congress of its intention to suspend collection of the one-mill fee, subject to Congress&#8217; disapproval, as ordered by the DC Circuit.  On May 16, 2014, the DOE adjusted the fee to </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">.  PNM anticipates challenges to this action and is unable to predict its ultimate outcome.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Clean Air Act</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Regional Haze</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1999, EPA developed a regional haze program and regional haze rules under the CAA.  The rule directs each of the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50</font><font style="font-family:inherit;font-size:10pt;"> states to address regional haze.  Pursuant to the CAA, states have the primary role to regulate visibility requirements by promulgating SIPs.  States are required to establish goals for improving visibility in national parks and wilderness areas (also known as Class I areas) and to develop long-term strategies for reducing emissions of air pollutants that cause visibility impairment in their own states and for preventing degradation in other states.  States must establish a series of interim goals to ensure continued progress.  The first planning period specifies setting reasonable progress goals for improving visibility in Class I areas by the year 2018.  In July 2005, EPA promulgated its final regional haze rule guidelines for states to conduct BART determinations for certain covered facilities, including utility boilers, built between 1962 and 1977 that have the potential to emit more than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">250</font><font style="font-family:inherit;font-size:10pt;"> tons per year of visibility impairing pollution.  If it is demonstrated that the emissions from these sources cause or contribute to visibility impairment in any Class I area, then BART must be installed by 2018.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 10, 2017, EPA published in the Federal Register revisions to the regional haze rule to provide certain clarifications to reflect interpretations of the 1999 rule.  EPA also provided a companion draft guidance document for public comment.  The new rule shifted the due date for the next cycle of SIPs that are designed to cover the second compliance period from 2019 to 2028, changed the schedule and process for states to file </font><font style="font-family:inherit;font-size:10pt;">5</font><font style="font-family:inherit;font-size:10pt;">-year progress reports, and revised certain aspects of the visibility impairment provisions.  EPA&#8217;s final rule was challenged by numerous parties.  The DC Circuit has granted unopposed requests extending the deadline for briefing proposals to December 21, 2017.  PNM is currently evaluating the potential impacts of this rule on SJGS.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">BART Compliance </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">SJGS is a source that is subject to the statutory obligations of the CAA to reduce visibility impacts.  Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K contains detailed information concerning the BART compliance process, including interactions with governmental agencies responsible for environmental oversight and the NMPRC approval process.  In December 2015, PNM received NMPRC approval for the plan to comply with the EPA regional haze rule at SJGS.  Under the approved plan, the installation of selective non-catalytic reduction technology (&#8220;SNCR&#8221;) was required on SJGS Units 1 and 4, which installation was completed in early 2016, and Units 2 and 3 are to be retired by the end of 2017.  In addition to the required SNCR equipment, the NSR permit, which was required to be obtained in order to install the SNCRs, specified that SJGS Units 1 and 4 be converted to balanced draft technology (&#8220;BDT&#8221;).  PNM&#8217;s share of the total costs for SNCRs and BDT equipment was </font><font style="font-family:inherit;font-size:10pt;">$77.7 million</font><font style="font-family:inherit;font-size:10pt;">.  See Note 12 for information concerning the NMPRC&#8217;s treatment of BDT in PNM&#8217;s NM 2015 Rate Case.  Although operating costs will be reduced due to the retirement of SJGS Units 2 and 3, the operating costs for SJGS Units 1 and 4 have increased with the installation of SNCR and BDT equipment.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2015, the NMPRC issued an order regarding SJGS.  As provided in that order: </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will retire SJGS Units 2 and 3 (PNM&#8217;s current ownership interest totals </font><font style="font-family:inherit;font-size:10pt;">418</font><font style="font-family:inherit;font-size:10pt;"> MW) by December 31, 2017 and recover, over </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> years, </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of their undepreciated net book value at that date and earn a regulated return on those costs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is granted a CCN to acquire an additional </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;"> MW in SJGS Unit 4, effective January 1, 2018, with an initial book value of </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">, plus the costs of SNCR and other capital additions </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is granted a CCN for </font><font style="font-family:inherit;font-size:10pt;">134</font><font style="font-family:inherit;font-size:10pt;"> MW of PVNGS Unit 3 with an initial rate base value equal to the book value as of December 31, 2017, including transmission assets associated with PVNGS Unit 3, (currently estimated to aggregate approximately </font><font style="font-family:inherit;font-size:10pt;">$155 million</font><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No later than December 31, 2018, and before entering into a binding agreement for post-2022 coal supply for SJGS, PNM will file its position and supporting testimony in a NMPRC case to determine the extent to which SJGS should continue serving PNM&#8217;s retail customers&#8217; needs after mid-2022; all parties to the stipulation agree to support this case being decided within </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months (see Other SJGS Matters below and Note 12)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is authorized to acquire </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW of SJGS Unit 4 as excluded utility plant; PNM and PNMR commit that no further coal-fired merchant plant will be acquired at any time by PNM, PNMR, or any PNM affiliate; PNM is not precluded from seeking a CCN to include the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW or other coal capacity in rate base</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning January 1, 2020, for every MWh produced by </font><font style="font-family:inherit;font-size:10pt;">197</font><font style="font-family:inherit;font-size:10pt;"> MW of coal-fired generation from PNM&#8217;s ownership share of SJGS, PNM will acquire and retire </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> MWh of RECs or allowances that include a zero-CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emission attribute compliant with EPA&#8217;s Clean Power Plan; this REC retirement is in addition to what is required to meet the RPS; the cost of these RECs are to be capped at </font><font style="font-family:inherit;font-size:10pt;">$7.0 million</font><font style="font-family:inherit;font-size:10pt;"> per year and will be recovered in rates; PNM should purchase EPA-compliant RECs from New Mexico renewable generation unless those RECs are more costly</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will accelerate recovery of SNCR costs on SJGS Units 1 and 4 so that the costs are fully recovered by July 1, 2022 (cost recovery for PNM&#8217;s BDT project is discussed in Note 12) </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will not recover approximately </font><font style="font-family:inherit;font-size:10pt;">$20 million</font><font style="font-family:inherit;font-size:10pt;"> of other costs incurred in connection with CAA compliance</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC will issue a Notice of Proposed Dismissal in PNM&#8217;s 2014 IRP</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> At December 31, 2015, PNM recorded losses for regulatory disallowances and restructuring costs, aggregating </font><font style="font-family:inherit;font-size:10pt;">$165.7 million</font><font style="font-family:inherit;font-size:10pt;">, reflecting a </font><font style="font-family:inherit;font-size:10pt;">$127.6 million</font><font style="font-family:inherit;font-size:10pt;"> regulatory disallowance to reflect the write-off of the </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> of the estimated December 31, 2017 net book value that will not be recovered, the other unrecoverable costs, and the </font><font style="font-family:inherit;font-size:10pt;">$16.5 million</font><font style="font-family:inherit;font-size:10pt;"> increase in the estimated liability recorded for coal mine reclamation resulting from the new coal mine reclamation arrangement entered into in conjunction with the new coal supply agreement (&#8220;CSA&#8221;).  The ultimate amount of the regulatory disallowance will be dependent on the actual December 31, 2017 net undepreciated book values of SJGS Units 2 and 3.  Accordingly, the amount recorded will be adjusted to reflect changes to the December 31, 2017 net book values.  Additional information about the CSA is discussed under Coal Supply below and in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During 2016, PNM revised its estimates of the December 31, 2017 projected book value of SJGS Units 2 and 3 and the other unrecoverable costs, which resulted in a net expense of </font><font style="font-family:inherit;font-size:10pt;">$3.7 million</font><font style="font-family:inherit;font-size:10pt;">, including a </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;"> expense related to a refinement of the estimated liability for coal mine reclamation from the new coal mine reclamation arrangement.  PNM recorded an expense of </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> during the three months ended March 31, 2016, an expense of </font><font style="font-family:inherit;font-size:10pt;">$5.2 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended September 30, 2016, and a reduction of expense of </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended December 31, 2016, which are reflected in regulatory disallowances and restructuring costs on the Condensed Consolidated Statement of Earnings.  In addition, PNMR Development recorded an expense of </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended March 31, 2016 for costs it was obligated to reimburse the other SJGS participants under the restructuring arrangement, which is included in other deductions on the Condensed Consolidated Statement of Earnings.  At September 30, 2017, the carrying value for PNM&#8217;s current ownership share of SJGS Units 2 and 3 is comprised of plant in service of </font><font style="font-family:inherit;font-size:10pt;">$471.8 million</font><font style="font-family:inherit;font-size:10pt;"> and accumulated depreciation and amortization (including cost of removal) of </font><font style="font-family:inherit;font-size:10pt;">$211.6 million</font><font style="font-family:inherit;font-size:10pt;"> for a net undepreciated book value of </font><font style="font-family:inherit;font-size:10pt;">$260.2 million</font><font style="font-family:inherit;font-size:10pt;">, offset by </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> (which equals </font><font style="font-family:inherit;font-size:10pt;">$128.6 million</font><font style="font-family:inherit;font-size:10pt;">) of the anticipated December 31, 2017 undepreciated net book value of SJGS Units 2 and 3 that will not be recovered, resulting in the net carrying value for SJGS Units 2 and 3 being </font><font style="font-family:inherit;font-size:10pt;">$131.6 million</font><font style="font-family:inherit;font-size:10pt;"> at September 30, 2017.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 14, 2016, NEE filed a Notice of Appeal with the NM Supreme Court of the NMPRC&#8217;s December 16, 2015 order.  On July 22, 2016, NEE filed a brief alleging that the NMPRC&#8217;s decision violated New Mexico statutes and NMPRC regulations because PNM did not adequately consider replacement resources other than those proposed by PNM, the NMPRC did not require PNM to adequately address and mitigate ratepayer risk, the NMPRC unlawfully shifted the burden of proof, and the NMPRC&#8217;s decision was arbitrary and capricious.&#160; Answer briefs refuting NEE&#8217;s claims were filed on November 2, 2016 by PNM, the NMPRC, and certain intervenors.  Reply briefs were filed by NEE on January 9, 2017 and the parties presented oral argument to the court on January 25, 2017.  The court has not rendered a decision on the appeal and there is no required time frame for a decision.  In addition, on March 31, 2016, NEE filed a complaint with the NMPRC against PNM regarding the financing provided by NM Capital to facilitate the sale of SJCC (see Coal Supply below).  The complaint alleges that PNM failed to comply with its discovery obligation in the SJGS abandonment case and requests the NMPRC investigate whether the financing transactions could adversely affect PNM&#8217;s ability to provide electric service to its retail customers.  PNM responded to the complaint on May 4, 2016.  The NMPRC has taken no action on this matter.  PNM cannot currently predict the outcome of these matters. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS Ownership Restructuring Matters</font><font style="font-family:inherit;font-size:10pt;"> &#8211; As discussed in Note 16 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K, SJGS currently is jointly owned by PNM and </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> other entities.  In connection with the proposed retirement of SJGS Units 2 and 3, some of the SJGS participants expressed a desire to exit their ownership in the plant.  As a result, the SJGS participants negotiated a restructuring of the ownership in SJGS and addressed the obligations of the exiting participants for plant decommissioning, mine reclamation, environmental matters, and certain future operating costs, among other items.  The exiting participants currently own </font><font style="font-family:inherit;font-size:10pt;">50.0%</font><font style="font-family:inherit;font-size:10pt;"> of SJGS Unit 3 and </font><font style="font-family:inherit;font-size:10pt;">38.8%</font><font style="font-family:inherit;font-size:10pt;"> of SJGS Unit 4, but none of SJGS Units 1 and 2.  PNM currently owns </font><font style="font-family:inherit;font-size:10pt;">50.0%</font><font style="font-family:inherit;font-size:10pt;"> of SJGS Units 1, 2, and 3 and owns </font><font style="font-family:inherit;font-size:10pt;">38.5%</font><font style="font-family:inherit;font-size:10pt;"> of SJGS Unit 4.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following mediated negotiations, the SJGS participants executed the San Juan Project Restructuring Agreement (&#8220;RA&#8221;) on July 31, 2015.  The RA provides the essential terms of restructured ownership and addresses other related matters, including that the exiting participants remain obligated for their proportionate shares of environmental, mine reclamation, and certain other legacy liabilities that are attributable to activities that occurred prior to their exit.  PNMR Development became a party to the RA and agreed to acquire a </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW ownership interest in SJGS Unit 4 on the December 31, 2017 exit date, but has obligations related to Unit 4 before then.  On the exit date, PNM would acquire </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;"> MW and PNMR Development would acquire </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW of the capacity in SJGS Unit 4 from the exiting owners for </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> initial cost other than funding capital improvements, including the costs of installing SNCR and BDT equipment.  PNMR Development&#8217;s share of the costs of installing SNCR and BDT equipment amounted to </font><font style="font-family:inherit;font-size:10pt;">$7.6 million</font><font style="font-family:inherit;font-size:10pt;">.  PNMR Development has assigned the rights and obligations related to the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW to PNM effective on December 31, 2017, which will facilitate dispatch of power from that capacity.  As ordered by the NMPRC, PNM will treat the </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW as merchant utility plant that will be excluded from retail rates.  In anticipation of the transfer of ownership, PNM entered into agreements to sell the power from </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;"> MW of that capacity to a third party at a fixed price for the period January 1, 2018 through June 30, 2022 (Note 7).  Reflecting the additions of the </font><font style="font-family:inherit;font-size:10pt;">132</font><font style="font-family:inherit;font-size:10pt;"> MW and </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> MW, PNM&#8217;s ownership share would be </font><font style="font-family:inherit;font-size:10pt;">77.3%</font><font style="font-family:inherit;font-size:10pt;"> in SJGS Unit 4 and an aggregate of </font><font style="font-family:inherit;font-size:10pt;">66.3%</font><font style="font-family:inherit;font-size:10pt;"> in SJGS Units 1 and 4.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RA became effective contemporaneously with the effectiveness of the new CSA.  The effectiveness of the new CSA was dependent on the closing of the purchase of the existing coal mine operation by a new mine operator, which as discussed in Coal Supply below, occurred at 11:59 PM on January 31, 2016.  The RA sets forth the terms under which PNM acquired the coal inventory of the exiting SJGS participants as of January 1, 2016 and is suppling coal to the exiting participants for the period from January 1, 2016 through December 31, 2017, which arrangement provides economic benefits that are being passed on to PNM&#8217;s customers through the FPPAC.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other SJGS Matters</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Although the RA results in an agreement among the SJGS participants enabling compliance with current CAA requirements, it is possible that the financial impact of climate change regulation or legislation, other environmental regulations, the result of litigation, and other business considerations, could jeopardize the economic viability of SJGS or the ability or willingness of individual participants to continue participation in the plant.  PNM&#8217;s 2017 IRP (Note 12) filed with the NMPRC on July 3, 2017 presented resource portfolio plans for scenarios that assumed SJGS will operate beyond the end of the current coal supply agreement that runs through June 30, 2022 and for scenarios that assumed SJGS will cease operations after mid-2022.  The 2017 IRP data shows that retiring SJGS in 2022 would provide long-term cost benefits to PNM&#8217;s customers.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 6, 2012, EPA issued its Four Corners FIP with a final BART determination for Four Corners.  The rule included </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> compliance alternatives.  On December 30, 2013, APS notified EPA that the Four Corners participants selected the alternative that required APS to permanently close Units 1-3 by January 1, 2014 and install SCR post-combustion NOx controls on each of Units 4 and 5 by July 31, 2018.  PNM owns a </font><font style="font-family:inherit;font-size:10pt;color:#000000;">13%</font><font style="font-family:inherit;font-size:10pt;"> interest in Units 4 and 5, but had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in Units 1, 2, and 3, which were shut down by APS on December 30, 2013.  For particulate matter emissions, EPA is requiring Units 4 and 5 to meet an emission limit of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0.015</font><font style="font-family:inherit;font-size:10pt;"> lbs/MMBTU and the plant to meet a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> opacity limit, both of which are achievable through operation of the existing baghouses.  Although unrelated to BART, the final BART rule also imposes a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> opacity limitation on certain fugitive dust emissions from Four Corners&#8217; coal and material handling operations. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM estimates its share of costs for post-combustion controls at Four Corners Units 4 and 5 to be up to </font><font style="font-family:inherit;font-size:10pt;">$89.2 million</font><font style="font-family:inherit;font-size:10pt;">, including amounts incurred through September 30, 2017 and PNM&#8217;s AFUDC.  PNM is seeking recovery from its ratepayers of these costs in its NM 2016 Rate Case discussed in Note 17 of the Notes to Consolidated Financial Statements in the </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> Annual Reports on Form 10-K and Note 12.  PNM is unable to predict the ultimate outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Four Corners participants&#8217; obligations to comply with EPA&#8217;s final BART determinations, coupled with the financial impact of climate change regulation or legislation, other environmental regulations, and other business considerations, could jeopardize the economic viability of Four Corners or the ability of individual participants to continue their participation in Four Corners. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners Federal Agency Lawsuit</font><font style="font-family:inherit;font-size:10pt;"> &#8211; On April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal agencies in the United States District Court for the District of Arizona in connection with their issuance of the approvals that extended the life of Four Corners and the adjacent mine.  The lawsuit alleges that these federal agencies violated both the ESA and NEPA in providing the federal approvals necessary to extend operations at Four Corners and the adjacent mine past July 6, 2016.&#160; The court granted an APS motion to intervene in the litigation on August 3, 2016.  On September 15, 2016, NTEC, the current owner of the mine providing coal to Four Corners, filed a motion to intervene for the limited purpose of seeking dismissal of the lawsuit based on NTEC&#8217;s tribal sovereign immunity.  On September 11, 2017, the court granted NTEC&#8217;s motion and dismissed the case with prejudice, terminating the proceedings.  The environmental group plaintiffs have until November 13, 2017 to file an appeal of this dismissal order.  PNM cannot predict whether the plaintiffs will appeal the order or whether such appeal, if filed, will be successful.  </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Carbon Dioxide Emissions </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 3, 2015, EPA established final standards to limit CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emissions from power plants.  EPA took </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> separate but related actions in which it: (1) established the final carbon pollution standards for new, modified and reconstructed power plants; (2) established the final Clean Power Plan to set standards for carbon emission reductions from existing power plants; and (3) released a proposed federal plan associated with the final Clean Power Plan.  The Clean Power Plan was published on October 23, 2015.  Multiple states, utilities, and trade groups subsequently filed petitions for review and motions to stay in the DC Circuit. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Clean Power Plan establishes state-by-state targets for carbon emissions reduction and establishes deadlines for states to submit initial plans to EPA by September 6, 2016, with a potential </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year extension, and final plans by 2018.  The September 2016 deadline passed with no action and the 2018 deadline could be adjusted due to the stay of the Clean Power Plan issued by the US Supreme Court and pending litigation described below.  State plans can be based on either an emission standards (rate or mass) approach or a state measures approach.  Under an emission standards approach, federally enforceable emission limits are placed directly on affected units in the state.  A state measures approach must meet equivalent rates statewide, but may include some elements, such as renewable energy or energy efficiency requirements, that are not federally enforceable.  State measures plans may only be used with mass-based goals and must include &#8220;backstop&#8221; federally enforceable standards that will become effective if the state measures fail to achieve the expected level of emission reductions. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 21, 2016, the DC Circuit denied petitions to stay the Clean Power Plan.  On January 26, 2016, </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> states and state agencies filed a petition to the US Supreme Court to reverse the DC Circuit&#8217;s decision and stay the implementation of the Clean Power Plan.  On February 9, 2016, the US Supreme Court issued a 5-4 decision granting the stay pending judicial review of the rule by the DC Circuit.&#160; The decision means the Clean Power Plan is not in effect and states are not obliged to comply with its requirements.  The DC Circuit heard oral arguments on September 27, 2016 in the case challenging the Clean Power Plan, but has not rendered&#160;a decision. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The proposed federal plan released concurrently with the Clean Power Plan is important to Four Corners and the Navajo Nation.&#160; Since the Navajo Nation does not have primacy over its air quality program, EPA would be the regulatory authority responsible for implementing the Clean Power Plan on the Navajo Nation if the Clean Power Plan is sustained under the current administration.&#160; In addition, the proposed rule recommends that EPA determine it is &#8220;necessary or appropriate&#8221; for EPA to regulate CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emissions on the Navajo Nation.&#160; The comment period for the proposed rule closed on January 21, 2016.&#160; APS and PNM filed separate comments with EPA on EPA&#8217;s draft plan and model trading rules, advocating that such a federal plan is neither necessary nor appropriate to protect air quality on the Navajo Nation.  If EPA was to determine that it was not necessary or appropriate, the Clean Power Plan would not apply to the Navajo Nation, in which case, APS has indicated the Clean Power Plan would not have a material impact on Four Corners.&#160; PNM is unable to predict the financial or operational impacts on Four Corners operations if EPA determines that a federal plan is necessary or appropriate for the Navajo Nation.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 30, 2016, EPA published in the Federal Register the design details of its voluntary Clean Energy Incentive Program under the Clean Power Plan.  Comments were due to EPA on November 1, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 28, 2017, President Trump issued an Executive Order on Energy Independence.  The order puts forth </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> general policies: promote clean and safe development of energy resources, while avoiding regulatory burdens, and ensure electricity is affordable, reliable, safe, secure, and clean.&#160; The order directs the EPA Administrator to immediately review and, if appropriate and consistent with law, suspend, revise, or rescind (1) the Clean Power Plan, (2) the New Source Performance Standards for GHG from new, reconstructed, or modified electric generating units, (3) the Proposed Clean Power Plan Model Trading Rules, (4) the Legal Memorandum supporting the Clean Power Plan, and (5) the New Source Performance Standards for Oil &amp; Natural Gas Sector.  It also directs the EPA Administrator to notify the US Attorney General of his intent to review rules subject to pending litigation so that the US Attorney General may notify the court and, in his discretion, request that the court delay further litigation pending completion of the reviews.  In connection with its review, EPA filed a petition with the DC Circuit requesting that the court hold the consolidated cases challenging the Clean Power Plan in abeyance until </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> days after the conclusion of EPA&#8217;s review and any subsequent rulemaking.  The DC Circuit issued an order to hold the consolidated cases in abeyance.&#160; The DC Circuit issued a similar order&#160;in connection with a motion filed by EPA to hold&#160;consolidated cases challenging the NSPS in abeyance.  EPA also signed a Federal Register notice announcing that EPA is initiating its review of the Clean Power Plan and providing advance notice of forthcoming rulemaking proceedings.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 10, 2017, EPA issued a NOPR proposing to repeal the Clean Power Plan and filed its status report with the court requesting the case be held in abeyance until the completion of the rulemaking on the proposed repeal.  The NOPR proposes a legal interpretation concluding that the Clean Power Plan exceeds EPA&#8217;s statutory authority.  Under the proposed interpretation, Section 111(d) limits EPA&#8217;s authority to adopt performance standards to only those physical and operational changes that can be implemented within an individual source.  Therefore, measures in the Clean Power Plan that would require power generators to change their energy portfolios by shifting generation from coal to gas and from fossil fuel to renewable energy exceed EPA&#8217;s statutory authority.  The NOPR was published in the Federal Register on October 16, 2017, starting a </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;">-day public comment period.  Any final rule will be subject to legal challenge and judicial review.  EPA also noted that it is still evaluating whether to adopt a replacement rule to regulate GHG from existing electric utility generating units and may issue a proposed rulemaking if it determines that a replacement rule would be appropriate.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s review of the CO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emission reductions standards under the Clean Power Plan is ongoing and the assessment of its impacts will depend on the proposed repeal of the Clean Power Plan, litigation of the final rule, and other actions the Trump Administration is taking through judicial and regulatory proceedings.  Accordingly, PNM cannot predict the impact these standards may have on its operations or a range of the potential costs of compliance, if any.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">National Ambient Air Quality Standards (&#8220;NAAQS&#8221;) </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CAA requires EPA to set NAAQS for pollutants considered harmful to public health and the environment.  EPA has set NAAQS for certain pollutants, including NOx, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt"> </sub></font><font style="font-family:inherit;font-size:10pt;">ozone, and particulate matter.  In 2010, EPA updated the primary NOx and SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> NAAQS to include a 1-hour maximum standard while retaining the annual standards for NOx and SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:10pt;">and the 24-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> standard.  New Mexico is in attainment for the 1-hour NOx NAAQS.  On May 13, 2014, EPA released the draft data requirements rule for the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> NAAQS, which directs state and tribal air agencies to characterize current air quality in areas with large SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> sources to identify maximum 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> concentrations.  The proposed rule also describes the process and timetable by which air regulatory agencies would characterize air quality around large SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> sources through ambient monitoring or modeling.  This characterization will result in these areas being designated as attainment, nonattainment, or unclassified for compliance with the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> NAAQS.&#160; On March 2, 2015, the United States District Court for the Northern District of California approved a settlement that imposes deadlines for EPA to identify areas that violate the NAAQS standards for 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emissions.  The settlement results from a lawsuit brought by Earthjustice on behalf of the Sierra Club and the Natural Resources Defense Council under the CAA.  The consent decree requires the following: (1) within </font><font style="font-family:inherit;font-size:10pt;">16</font><font style="font-family:inherit;font-size:10pt;"> months of the consent decree entry, EPA must issue area designations for areas containing non-retiring facilities that either emitted more than </font><font style="font-family:inherit;font-size:10pt;">16,000</font><font style="font-family:inherit;font-size:10pt;"> tons of SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> in 2012 or emitted more than </font><font style="font-family:inherit;font-size:10pt;">2,600</font><font style="font-family:inherit;font-size:10pt;"> tons with an emission rate of </font><font style="font-family:inherit;font-size:10pt;">0.45</font><font style="font-family:inherit;font-size:10pt;"> lbs/MMBTU or higher in 2012; (2) by December 2017, EPA must issue designations for areas for which states have not adopted a new monitoring network under the proposed data requirements rule; and (3) by December 2020, EPA must issue designations for areas for which states have adopted a new monitoring network under the proposed data requirements rule.&#160; SJGS and Four Corners SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emissions are below the tonnages set forth in (1) above.  EPA regions sent letters to state environmental agencies explaining how EPA plans to implement the consent decree.&#160; The letters outline the schedule that EPA expects states to follow in moving forward with new SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> non-attainment designations.  NMED did not receive a letter. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 11, 2015, EPA released the Data Requirements Rule for SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;">, telling states how to model or monitor to determine attainment or nonattainment with the new 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> NAAQS.&#160; On June 3, 2016, NMED notified PNM that air quality modeling results indicated that SJGS was in compliance with the standard.  In January 2017, NMED submitted their formal modeling report regarding attainment status to EPA.  The modeling indicated that no area in New Mexico exceeds the 1-hour SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> standard.  In July of each year, NMED will submit an annual report to EPA documenting annual SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2 </sub></font><font style="font-family:inherit;font-size:10pt;">emissions from SJGS and the associated compliance status.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 14, 2015, PNM received an amendment to its NSR air permit for SJGS, which reflects the revised state implementation plan for regional haze BART and requires the installation of SNCRs as described above.  The revised permit also requires the reduction of SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2</sub></font><font style="font-family:inherit;font-size:10pt;"> emissions to </font><font style="font-family:inherit;font-size:10pt;">0.10</font><font style="font-family:inherit;font-size:10pt;"> pound per MMBTU on SJGS Units 1 and 4 and the installation of BDT equipment modifications for the purpose of reducing fugitive emissions, including NOx, SO</font><font style="font-family:inherit;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:7pt">2,</sub></font><font style="font-family:inherit;font-size:10pt;"> and particulate matter.  These reductions will help SJGS meet the NAAQS for these constituents.  The BDT equipment modifications were installed at the same time as the SNCRs, in order to most efficiently and cost effectively conduct construction activities at SJGS.  See Regional Haze &#8211; SJGS above.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2010, EPA announced it would strengthen the 8-hour ozone standard by setting a new standard in a range of </font><font style="font-family:inherit;font-size:10pt;">60</font><font style="font-family:inherit;font-size:10pt;">-</font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;"> parts per billion (&#8220;ppb&#8221;).  On October 1, 2015, EPA finalized the new ozone NAAQS and lowered both the primary and secondary 8-hour standard from </font><font style="font-family:inherit;font-size:10pt;">75</font><font style="font-family:inherit;font-size:10pt;"> ppb to </font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;"> ppb.  With ozone standards becoming more stringent, fossil-fueled generation units will come under increasing pressure to reduce emissions of NOx and volatile organic compounds, and to generate emission offsets for new projects or facility expansions located in nonattainment areas.    </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 10, 2015, EPA proposed a rule revising its Exceptional Events Rule, which outlines the requirements for excluding air quality data (including ozone data) from regulatory decisions if the data is affected by events outside an area&#8217;s control.  The proposed rule is timely in light of the new more stringent ozone NAAQS final rule since western states like New Mexico and Arizona are particularly subject to elevated background ozone transport from natural local sources such as wildfires, and transported via winds from distant sources, such as the stratosphere or another region or country.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 25, 2016, EPA released guidance on area designations, which states used to determine their initial designation recommendations by October 1, 2016.  EPA recommended that states and tribes use the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> most recent years of quality assured monitoring data available (e.g., 2013 to 2015) to recommend designations.  In their submittals, states and tribes were also able to use preliminary 2016 data.  EPA was expected to release final designations of attainment/nonattainment for areas by October 1, 2017.  On June 6, 2017, the EPA Administrator sent letters to state governors announcing that EPA was extending, by </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year, the deadline for promulgating area designations.  However, on August 2, 2017, the Trump Administration reversed the decision to extend the deadline to issue area designations, thereby requiring EPA to issue designations for ozone attainment areas by October 1, 2017.  To date, the EPA has not issued such designations.  By October 2018, NMED is required to submit an infrastructure SIP that provides the basic air quality management program to implement the revised ozone standard.  These plans are generally due within </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;"> months from the date of designation and are expected to be submitted to EPA by October 1, 2020.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMED published its 2015 Ozone NAAQS Designation Recommendation Report on September 2, 2016.  In New Mexico, NMED is designating only a small area in southern Dona Ana County as non-attainment for ozone.  NMED will have responsibility for bringing this nonattainment area into compliance and will look at all sources of NOx and volatile organic compounds since these are the pollutants that form ground-level ozone.  According to NMED&#8217;s website, &#8220;If emissions from Mexico keep New Mexico from meeting the standards, the New Mexico area could remain nonattainment but would not face more stringent requirements over time.&#8221;</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM does not believe there will be material impacts to its facilities as a result of NMED&#8217;s nonattainment designation of the small area within Dona Ana County, but must wait on EPA&#8217;s ultimate approval, which was to have occurred by October 1, 2017.  Until EPA approves attainment designations for the Navajo Nation and releases a proposal to implement the revised ozone NAAQS, APS is unable to predict what impact the adoption of these standards may have on Four Corners.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WEG v. OSM NEPA Lawsuit</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2013, WEG filed a Petition for Review in the United States District Court of Colorado against OSM challenging federal administrative decisions affecting </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> different mines in </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> states issued at various times from 2007 through 2012.&#160; In its petition, WEG challenges several unrelated mining plan modification approvals, which were each separately approved by OSM.&#160; Of the </font><font style="font-family:inherit;font-size:10pt;">fifteen</font><font style="font-family:inherit;font-size:10pt;"> claims for relief in the WEG Petition, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> concern SJCC&#8217;s San Juan mine.&#160; WEG&#8217;s allegations concerning the San Juan mine arise from OSM administrative actions in 2008.&#160; WEG alleges various NEPA violations against OSM, including, but not limited to, OSM&#8217;s alleged failure to provide requisite public notice and participation, alleged failure to analyze certain environmental impacts, and alleged reliance on outdated and insufficient documents.&#160; WEG&#8217;s petition seeks various forms of relief, including a finding that the federal defendants violated NEPA by approving the mine plans; voiding, reversing, and remanding the various mining modification approvals; enjoining the federal defendants from re-issuing the mining plan approvals for the mines until compliance with NEPA has been demonstrated; and enjoining operations at the </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> mines.  SJCC intervened in this matter.  The court granted SJCC&#8217;s motion to sever its claims from the lawsuit and transfer venue to the United States District Court for the District of New Mexico.  In February 2016, venue for this matter was transferred to the United States District Court for the Western District of Texas.  A stay in this matter expired on April 1, 2016 and was not renewed although the parties continued to engage in settlement negotiations.  On August 31, 2016, the court entered an order remanding the matter to OSM for the completion of an EIS.  The EIS is to be completed by August 31, 2019.  The court ruled that mining operations may continue in the interim and the litigation will be administratively closed.  If OSM does not complete the EIS within the time frame provided, the court will order immediate </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">vacatur</font><font style="font-family:inherit;font-size:10pt;"> of the mining plan at issue.&#160; The scope of the EIS will be determined through a public process and is expected to include cumulative and indirect effects of surrounding sources.  On March 22, 2017, OSM issued its Notice of Intent to initiate the public scoping process and prepare an EIS for the project.  The Notice of Intent provided that the EIS will also analyze the effects of coal combustion at SJGS.  The public comment period ended on May 8, 2017 and the EIS is now in the resource data submittal phase.  PNM cannot currently predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Navajo Nation Environmental Issues </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners is located on the Navajo Reservation and is held under an easement granted by the federal government, as well as a lease from the Navajo Nation.  The Navajo Acts purport to give the Navajo Nation Environmental Protection Agency authority to promulgate regulations covering air quality, drinking water, and pesticide activities, including those activities that occur at Four Corners.  In October 1995, the Four Corners participants filed a lawsuit in the District Court of the Navajo Nation challenging the applicability of the Navajo Acts to Four Corners.  In May 2005, APS and the Navajo Nation signed an agreement resolving the dispute regarding the Navajo Nation&#8217;s authority to adopt operating permit regulations under the Navajo Nation Air Pollution Prevention and Control Act.  As a result of this agreement, APS sought, and the court granted, dismissal of the pending litigation in the Navajo Nation Supreme Court and the Navajo Nation District Court, to the extent the claims relate to the CAA.  The agreement does not address or resolve any dispute relating to other aspects of the Navajo Acts.  PNM cannot currently predict the outcome of these matters or the range of their potential impacts.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cooling Water Intake Structures  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA signed its final cooling water intake structures rule on May 16, 2014, which establishes national standards for certain cooling water intake structures at existing power plants and other facilities under the Clean Water Act to protect fish and other aquatic organisms by minimizing impingement mortality (the capture of aquatic wildlife on intake structures or against screens) and entrainment mortality (the capture of fish or shellfish in water flow entering and passing through intake structures).  The final rule was published on August 15, 2014 and became effective October 14, 2014. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final rule allows multiple compliance options and considerations for site specific conditions and the permit writer is granted a significant amount of discretion in determining permit requirements, schedules, and conditions.  To minimize impingement mortality, the rule provides operators of facilities, such as SJGS and Four Corners, </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> options for meeting Best Technology Available (&#8220;BTA&#8221;) standards for reducing impingement.  SJGS has a closed-cycle recirculating cooling system, which is a listed BTA and may also qualify for the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">de minimis</font><font style="font-family:inherit;font-size:10pt;"> rate of impingement&#8221; based on the design of the intake structure.  To minimize entrainment mortality, the permitting authority must establish the BTA for entrainment on a site-specific basis, taking into consideration an array of factors, including endangered species and social costs and benefits.  Affected sources must submit source water baseline characterization data to the permitting authority to assist in the determination.  Compliance deadlines under the rule are tied to permit renewal and will be subject to a schedule of compliance established by the permitting authority.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The rule is not clear as to how it applies and what the compliance timelines are for facilities like SJGS that have a cooling water intake structure and only a multi-sector general stormwater permit.  PNM is in discussion with EPA regarding this issue.  However, PNM does not expect material changes as a result of any requirements that may be imposed upon SJGS.  The requirements related to Four Corners will be addressed in a subsequent NPDES permitting cycle that will determine APS&#8217;s costs to comply with the rule.  PNM does not expect such costs to be material. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effluent Limitation Guidelines</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 7, 2013, EPA published proposed revised wastewater effluent limitation guidelines establishing technology-based wastewater discharge limitations for fossil fuel-fired electric power plants.&#160; EPA&#8217;s proposal offered numerous options that target metals and other pollutants in wastewater streams originating from fly ash and bottom ash handling activities, scrubber activities, and non-chemical metal cleaning waste operations.&#160; All proposed alternatives establish a &#8220;zero discharge&#8221; effluent limit for all pollutants in fly ash transport water.  Requirements governing bottom ash transport water differ depending on which alternative EPA ultimately chooses and could range from effluent limits based on Best Available Technology Economically Achievable to &#8220;zero discharge&#8221; effluent limits.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EPA signed the final Steam Electric Effluent Guidelines rule on September 30, 2015.  The final rule, which became effective on January 4, 2016, phases in the new, more stringent requirements in the form of effluent limits for arsenic, mercury, selenium, and nitrogen for wastewater discharged from wet scrubber systems and zero discharge of pollutants in ash transport water that must be incorporated into plants&#8217; NPDES permits.  Each plant must comply between 2018 and 2023 depending on when it needs a new/revised NPDES permit.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because SJGS is zero discharge for wastewater and is not required to hold a NPDES permit, it is expected that minimal to </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> requirements will be imposed.  Reeves Station, a PNM-owned gas-fired generating station, discharges cooling tower blowdown to a publicly owned treatment works and holds an NPDES permit.  It is expected that minimal to </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> requirements will be imposed at Reeves.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 14, 2017, EPA filed a motion with the United States Court of Appeals for the Fifth Circuit relating to ongoing litigation of the 2016 Steam Electric Effluent Guidelines rule.  EPA asks the court to hold all proceedings in the case in abeyance until August 12, 2017 while EPA reconsiders the rule.  EPA also asks to be allowed to file a motion on August 12, 2017 to inform the court if EPA wishes to seek a remand of any provisions of the rule so that EPA may conduct further rulemaking, if appropriate.  The motion refers to the notice signed by the EPA Administrator on April 12, 2017, which announced EPA&#8217;s intent to reconsider this rule, as well as EPA&#8217;s administrative stay of the compliance deadlines.  On August 22, 2017, the court granted the government&#8217;s motion and the litigation is held in abeyance until EPA&#8217;s further rulemaking has concluded.  On September 18, 2017, EPA published the final rule for postponement of certain compliance dates that have not yet passed for the Effluent Limitations Guidelines rule, consistent with the EPA's decision to grant reconsideration of that rule.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 25, 2017, EPA published in the Federal Register a notice of postponement of certain compliance dates for the 2016 Steam Electric Effluent Guidelines rule, consistent with the EPA's decision to grant reconsideration of the rule.  Specifically, the deadlines that will be postponed are the "best available technology" limitations and pretreatment standards for each of the following waste streams: fly ash transport water, bottom ash transport water, flue gas desulfurization wastewater, flue gas mercury control wastewater, and gasification wastewater. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Four Corners may be required to change equipment and operating practices affecting boilers and ash handling systems, as well as change its waste disposal techniques.  Until a draft NPDES permit is proposed for Four Corners, APS is uncertain what will be required to comply with the finalized effluent limitations.&#160; PNM is unable to predict the outcome of this matter or a range of the potential costs of compliance.&#160; </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Santa Fe Generating Station  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM and the NMED are parties to agreements under which PNM installed a remediation system to treat water from a City of Santa Fe municipal supply well, an extraction well, and monitoring wells to address gasoline contamination in the groundwater at the site of PNM&#8217;s former Santa Fe Generating Station and service center.  PNM believes the observed groundwater contamination originated from off-site sources, but agreed to operate the remediation facilities until the groundwater meets applicable federal and state standards or until the NMED determines that additional remediation is not required, whichever is earlier.  The City of Santa Fe has indicated that since the City no longer needs the water from the well, the City would prefer to discontinue its operation and maintain it only as a backup water source.  However, for PNM&#8217;s groundwater remediation system to operate, the water well must be in service.  Currently, PNM is not able to assess the duration of this project or estimate the impact on its obligations if the City of Santa Fe ceases to operate the water well. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Superfund Oversight Section of the NMED also has conducted multiple investigations into the chlorinated solvent plume in the vicinity of the site of the former Santa Fe Generating Station.  In February 2008, a NMED site inspection report was submitted to EPA, which states that neither the source nor extent of contamination has been determined and that the source may not be the former Santa Fe Generating Station.  Results of tests conducted by NMED in April 2012 and April 2013 showed elevated concentrations of nitrate in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> monitoring wells and an increase in free-phase hydrocarbons in another well.  PNM conducted similar site-wide sampling activities in April 2014 and obtained results similar to the 2013 data.  As part of this effort, PNM also collected a sample of hydrocarbon product for &#8220;fingerprint&#8221; analysis from a monitoring well located on the northeastern corner of the property.&#160; This analysis indicated that the hydrocarbon product was a mixture of newer and older fuels, and the location of the monitoring well suggests that the hydrocarbon product is likely from offsite sources.  PNM does not believe the former generating station is the source of the increased levels of free-phase hydrocarbons, but no conclusive determinations have been made.  However, it is possible that PNM&#8217;s prior activities to remediate hydrocarbon contamination, as conducted under an NMED-approved plan, may have resulted in increased nitrate levels.&#160; Therefore, PNM has agreed to monitor nitrate levels in a limited number of wells under the terms of the renewed discharge permit for the former generating station.&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective December 22, 2015, PNM and NMED entered into a memorandum of understanding to address changing groundwater quality conditions at the site.  Under the memorandum, PNM will continue hydrocarbon investigation of the site under the supervision of NMED and qualified costs of the work will be eligible for payment through the New Mexico Corrective Action Fund (&#8220;CAF&#8221;), which is administered by the NMED Petroleum Storage Tank Bureau.  Among other things, money in the CAF is available to NMED to make payments to or on behalf of owners and operators for corrective action taken in accordance with statutory and regulatory requirements to investigate, minimize, eliminate, or clean up a release.   PNM&#8217;s work plan and cost estimates for specific groundwater investigation tasks were approved by the Petroleum Storage Tank Bureau.  PNM submitted a monitoring plan consisting of a compilation of the data associated with the recent monitoring activities conducted under the CAF to NMED on October 3, 2016.  PNM has completed all CAF-related work associated with the monitoring plan and has received NMED&#8217;s approval.  Under the next phase, NMED will prepare a scope of work for PNM&#8217;s review and concurrence, which PNM anticipates will include installation of additional monitoring wells, as well as additional sampling of certain existing monitoring wells at the site.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is unable to predict the outcome of these matters.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Coal Combustion Byproducts Waste Disposal </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CCBs consisting of fly ash, bottom ash, and gypsum generated from coal combustion at SJGS are currently disposed of in the surface mine pits adjacent to the plant.  SJGS does not operate any CCB impoundments or landfills.  The NMMMD currently regulates placement of ash in the San Juan mine with federal oversight by the OSM.  APS disposes of CCBs in ash ponds and dry storage areas at Four Corners.&#160; Ash management at Four Corners is regulated by EPA and the New Mexico State Engineer&#8217;s Office. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2010, EPA published a proposed rule that included </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> options for waste designation of coal ash.  </font><font style="font-family:inherit;font-size:10pt;">One</font><font style="font-family:inherit;font-size:10pt;"> option was to regulate CCBs as a hazardous waste, which would allow EPA to create a comprehensive federal program for waste management and disposal of CCBs.  The other option was to regulate CCBs as a non-hazardous waste, which would provide EPA with the authority to develop performance standards for waste management facilities handling CCBs and would be enforced primarily by state authorities or through citizen suits.  Both options allow for continued use of CCBs in beneficial applications.&#160;   </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 19, 2014, EPA issued its coal ash rule, including a non-hazardous waste determination for coal ash.  Coal ash will be regulated as a solid waste under Subtitle D of RCRA.  The rule sets minimum criteria for existing and new CCB landfills and existing and new CCB surface impoundments and all lateral expansions consisting of location restrictions, design and operating criteria; groundwater monitoring and corrective action; closure requirements and post closure care; and recordkeeping, notification, and internet posting requirements.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because the rule is promulgated under Subtitle D, it does not require regulated facilities to obtain permits, does not require the states to adopt and implement the new rules, and is not within EPA&#8217;s enforcement jurisdiction.  Instead, the rule&#8217;s compliance mechanism is for a state or citizen group to bring a RCRA citizen suit in federal district court against any facility that is alleged to be in non-compliance with the new requirements.  EPA published the final CCB rule in the Federal Register on April 17, 2015, with an effective date of October 19, 2015.  Based upon the requirements of the final rule, PNM conducted a CCB assessment at SJGS and made minor modifications at the plant to ensure that there are no facilities which would be considered impoundments or landfills under the rule.  PNM does not expect it to have a material impact on operations, financial position, or cash flows. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As indicated above, CCBs at Four Corners are currently disposed of in ash ponds and dry storage areas.  Depending upon the results of groundwater monitoring required by the CCB rule, Four Corners may be required to take corrective action.  Initial monitoring at Four Corners is not yet complete, so expenditures related to potential corrective actions, if any, cannot be reasonably estimated at this time. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to a June 24, 2016 order by the DC Circuit in litigation by industry and environmental groups challenging EPA&#8217;s CCB regulations, EPA is required to complete a rulemaking proceeding by June 2019 to address specific technical issues related to the handling of CCBs.&#160; EPA is not required to take final action approving the inclusion of boron, but EPA must propose and consider its inclusion.&#160; Should EPA take final action adding boron to the list of groundwater constituents, corrective action may be required.  Any resulting corrective action measures may increase costs of compliance with the CCB rule at coal-fired generating facilities.&#160; At this time, PNM cannot predict when EPA will commence its rulemaking concerning boron or the eventual results of those proceedings.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2016, the Water Infrastructure Improvements for the Nation Act (the &#8220;WIIN Act&#8221;) was signed into law to address critical water infrastructure needs in the United States.  The WIIN Act contains a number of provisions requiring EPA to modify the self-implementing provisions of the current CCB rules under Subtitle D.  Among other things, the WIIN Act provides for the establishment of state and EPA permit programs for CCBs, provides flexibility for states to incorporate the EPA final rule for CCBs or develop other criteria that are at least as protective as the EPA&#8217;s final rule, and requires EPA to approve state permit programs within </font><font style="font-family:inherit;font-size:10pt;">180</font><font style="font-family:inherit;font-size:10pt;"> days of submission by the state for approval.  As a result, the CCB rule is no longer self-implementing and there will either be a state or federal permit program.  Subject to Congressional appropriated funding, EPA will implement the permit program in states that choose not to implement a program.  Until permit programs are in effect, EPA has authority to directly enforce the self-implementing CCB rule.  For facilities located within the boundaries of Native American tribal reservations, such as the Navajo Nation where Four Corners is located, EPA is required to develop a federal permit program regardless of appropriated funds.  EPA has yet to undertake rulemaking proceedings to implement the CCB provisions of the WIIN Act.  There is no time line for establishing either state or federal permitting programs.  APS recently filed a comment letter with EPA seeking clarification as to when and how EPA would be initiating permit proceedings for facilities on tribal reservations, including Four Corners.  PNM is unable to predict when EPA will be issuing permits for Four Corners.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based upon utility industry petitions for EPA to reconsider the RCRA Subtitle D regulations for CCBs, which were premised in part on the provisions of the WIIN Act, on September 13, 2017, EPA agreed to evaluate whether to revise the CCB regulations.  At this time, it is not clear whether the EPA will initiate further notice-and-comment rulemaking to revise the CCB rules or what aspects of the rules might be changed as a result of this process.  With respect to ongoing litigation initiated by industry and environmental groups challenging the legality of the CCB regulations, the DC Circuit ordered EPA to file a list of federal regulatory provisions addressing CCBs that are or likely will be revised by November 15, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CCB rule does not cover mine placement of coal ash.  OSM is expected to publish a proposed rule covering mine placement in the future and will likely be influenced by EPA&#8217;s rule.  PNM cannot predict the outcome of OSM&#8217;s proposed rulemaking regarding CCB regulation, including mine placement of CCBs, or whether OSM&#8217;s actions will have a material impact on PNM&#8217;s operations, financial position, or cash flows.   PNM would seek recovery from its ratepayers of all CCB costs that are ultimately incurred.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Commitments and Contingencies</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Coal Supply </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SJGS</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The coal requirements for SJGS are supplied by SJCC.  SJCC holds certain federal, state, and private coal leases.  Through January 31, 2016, SJCC was a wholly-owned subsidiary of BHP and supplied processed coal for operation of SJGS under an underground coal sales agreement (&#8220;UG-CSA&#8221;) that was to expire on December 31, 2017.  In addition to coal delivered to meet the current needs of SJGS, PNM prepaid SJCC for certain coal mined but not yet delivered to the plant site.  At September 30, 2017 and December 31, 2016, prepayments for coal (including amounts purchased from the existing SJGS participants discussed below), which are included in other current assets, amounted to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$31.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$48.7 million</font><font style="font-family:inherit;font-size:10pt;">.  Additional information concerning the coal supply for SJGS is contained in Note 16 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with the activities undertaken to comply with the CAA for SJGS, as discussed above, PNM and the other owners of SJGS evaluated alternatives for the supply of coal to SJGS after the expiration of the UG-CSA.  On July 1, 2015, PNM and Westmoreland Coal Company (&#8220;Westmoreland&#8221;) entered into a new coal supply agreement (&#8220;CSA&#8221;), pursuant to which Westmoreland would supply all of the coal requirements of SJGS through June 30, 2022.  PNM and Westmoreland also entered into agreements under which Westmoreland would provide CCB disposal and mine reclamation services for SJGS.  Contemporaneous with the entry into the coal-related agreements, Westmoreland entered into a stock purchase agreement (the &#8220;Stock Purchase Agreement&#8221;) on July 1, 2015 to acquire all of the capital stock of SJCC.  In addition, PNM, Tucson, SJCC, and SJCC&#8217;s owner entered into an agreement to terminate the existing UG-CSA upon the effective date of the new CSA. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CSA became effective as of 11:59 PM on January 31, 2016, upon the closing under the Stock Purchase Agreement.  Upon closing under the Stock Purchase Agreement, Westmoreland&#8217;s rights and obligations under the CSA and the agreements for CCB disposal and mine reclamation services were assigned to SJCC.  Westmoreland has guaranteed SJCC&#8217;s performance under the CSA.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pricing under the CSA is primarily fixed, adjusted to reflect general inflation.  The pricing structure takes into account that SJCC has been paid for coal mined but not delivered, as discussed above.  PNM has the option to extend the CSA, subject to negotiation of the term of the extension and compensation to the miner.  In order to extend, PNM must give written notice of that intent by July 1, 2018 and the parties must agree to the terms of the extension by January 1, 2019.  However, as discussed in Note 12, PNM&#8217;s 2017 IRP shows that retirement of PNM&#8217;s SJGS capacity in 2022 would be cost-effective for customers.  If retirement of SJGS is approved by the NMPRC, there will be no need to extend the CSA.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RA sets forth terms under which PNM acquired the coal inventory, including coal mined but not delivered, of the exiting SJGS participants as of January 1, 2016 and is supplying coal to the SJGS exiting participants for the period from January 1, 2016 through December 31, 2017 and to the SJGS remaining participants over the term of the CSA.  Coal costs under the CSA are significantly less than under the previous arrangement with SJCC.  Since substantially all of PNM&#8217;s coal costs are passed through the FPPAC, the benefit of the reduced costs and the economic benefits of the coal inventory arrangement with the exiting owners are passed through to PNM&#8217;s customers.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In support of the closing under the Stock Purchase Agreement and to facilitate PNM customer savings, NM Capital, a wholly-owned subsidiary of PNMR, provided funding of </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;Westmoreland Loan&#8221;) to Westmoreland San Juan, LLC (&#8220;WSJ&#8221;), a ring-fenced, bankruptcy-remote, special-purpose entity that is a subsidiary of Westmoreland, to finance WSJ&#8217;s purchase of the stock of SJCC (including an insignificant affiliate) under the Stock Purchase Agreement.  NM Capital was able to provide the </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> financing to WSJ by first entering into a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> term loan agreement (the &#8220;BTMU Term Loan Agreement&#8221;) with BTMU, as lender and administrative agent.  The BTMU Term Loan Agreement became effective as of February 1, 2016, matures on February 1, 2021, and bears interest at a rate based on LIBOR plus a customary spread.  In connection with the BTMU Term Loan Agreement, PNMR, as parent company of NM Capital, has guaranteed NM Capital&#8217;s obligations to BTMU.  The balance outstanding under the BTMU Term Loan Agreement was </font><font style="font-family:inherit;font-size:10pt;">$60.9 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Westmoreland Loan is a </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> loan agreement among NM Capital, as lender, WSJ, as borrower, SJCC and its affiliate, as guarantors, BTMU, as administrative agent, and MUFG Union Bank, N.A., as depository bank.  The Westmoreland Loan became effective as of February 1, 2016, and matures on February 1, 2021.  The interest rate on the Westmoreland Loan escalates over time and was initially a rate of </font><font style="font-family:inherit;font-size:10pt;">7.25%</font><font style="font-family:inherit;font-size:10pt;"> plus LIBOR.  Such rate is </font><font style="font-family:inherit;font-size:10pt;">9.25%</font><font style="font-family:inherit;font-size:10pt;"> plus LIBOR for the period from February 1, 2017 through January 31, 2018.  WSJ must pay principal and interest quarterly to NM Capital in accordance with an amortization schedule.  In addition, the Westmoreland Loan requires that all cash flows of WSJ, in excess of normal operating expenses, capital additions, and operating reserves, be utilized for principal and interest payments under the loan until it is fully repaid.  At </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the amount outstanding under the Westmoreland Loan was </font><font style="font-family:inherit;font-size:10pt;">$66.2 million</font><font style="font-family:inherit;font-size:10pt;">.  The next principal payment of </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;"> plus interest of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;"> is due on November 1, 2017.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">$11.4 million</font><font style="font-family:inherit;font-size:10pt;"> was held in a SJCC restricted bank account that is to be used solely to service the Westmoreland Loan.  The Westmoreland Loan is secured by the assets of and the equity interests in SJCC and its affiliate.  The Westmoreland Loan also includes customary representations and warranties, covenants, and events of default.  There are </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> prepayment penalties. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with certain mining permits relating to the operation of the San Juan mine, SJCC is required to post reclamation bonds of </font><font style="font-family:inherit;font-size:10pt;">$118.7 million</font><font style="font-family:inherit;font-size:10pt;"> with the NMMMD.  In order to facilitate the posting of reclamation bonds by sureties on behalf of SJCC, PNMR entered into separate letter of credit arrangements with a bank under which letters of credit aggregating </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;"> have been issued.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">APS purchased all of Four Corners&#8217; coal requirements from a supplier that was also a subsidiary of BHP and had a long-term lease of coal reserves with the Navajo Nation.  That contract was to expire on July 6, 2016 with pricing determined using an escalating base-price.  On December 30, 2013, ownership of the mine was transferred to NTEC, an entity owned by the Navajo Nation, and a new coal supply contract for Four Corners, beginning in July 2016 and expiring in 2031, was entered into with NTEC (the &#8220;Four Corners CSA&#8221;).  The BHP subsidiary was retained as the mine manager and operator through December 2016.  Bisti Fuels Company, LLC, a subsidiary of The North American Coal Corporation, took over management and operation of the mine effective January 1, 2017.  The average coal price per MMBTU under the new contract was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;">51%</font><font style="font-family:inherit;font-size:10pt;"> higher in the twelve months ended June 30, 2017 than in the twelve months ended June 30, 2016, excluding the disputed amounts discussed below.  The contract provides for pricing adjustments over its term based on economic indices.  PNM anticipates that its share of the increased costs will be recovered through its FPPAC.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Four Corners Coal Supply Arbitration </font><font style="font-family:inherit;font-size:10pt;">&#8211; The owners of Four Corners are obligated to purchase a specified minimum amount of coal each contract year and to pay for any shortfall of coal that they fail to take delivery of below the minimum amount, except when caused by &#8220;uncontrollable forces&#8221; as defined in the Four Corners CSA.&#160; On June 13, 2017, APS received a demand for arbitration from NTEC in connection with the Four Corners CSA.&#160; NTEC sought a declaratory judgment to support its interpretation of a provision regarding uncontrollable forces in the agreement relating to the annual minimum quantities of coal to be purchased by the Four Corners owners.  NTEC also alleged a shortfall in those purchases for the initial contract year, which ended June 30, 2017, of which PNM&#8217;s share is estimated to be approximately </font><font style="font-family:inherit;font-size:10pt;">$6.5 million</font><font style="font-family:inherit;font-size:10pt;">.&#160; On September 20, 2017, NTEC amended its demand for arbitration removing the request for a declaratory judgment and is now only seeking relief for the alleged shortfall in purchases in the initial contract year.  PNM anticipates that substantially all of any amount it ultimately is required to pay would be passed through to customers under PNM&#8217;s FPPAC.  Although PNM cannot predict the timing or outcome of the arbitration, the outcome is not expected to have a material impact on its financial position, results of operations or cash flows. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Coal Mine Reclamation</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with the proposed shutdown of SJGS Units 2 and 3 to comply with the BART requirements of the CAA, an updated coal mine reclamation study was requested by the SJGS participants.  In 2013, PNM updated its study of the final reclamation costs for both the surface mines that previously provided coal to SJGS and the current underground mine providing coal and revised its estimates of the final reclamation costs.  This estimate reflected that, with the proposed shutdown of SJGS Units 2 and 3 described above, the mine providing coal to SJGS would continue to operate through 2053, the anticipated life of SJGS.  The 2013 coal mine reclamation study indicated reclamation costs had increased, including significant increases due to the proposed shutdown of SJGS Units 2 and 3, which would reduce the amount of CCBs generated over the remaining life of SJGS and result in a significant increase in the amount of fill dirt required to remediate the underground mine area thereby increasing the overall reclamation costs.  As discussed under Coal Combustion Byproducts Waste Disposal above, SJGS currently disposes of CCBs from the plant in the surface mine pits adjacent to the plant.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2015, PNM updated its final reclamation costs estimates to reflect the terms of the new reclamation services agreement with Westmoreland, discussed above, and changes resulting from the approval of the 2015 SJCC Mine Permit Plan.  The 2015 reclamation cost estimate reflected that the scope and pricing structure of the reclamation service agreement with Westmoreland would significantly increase reclamation costs.  In addition, design plan changes, updated regulatory expectations, and common mine reclamation practices incorporated into the 2015 SJCC Mine Permit reflect an increase in the 2015 reclamation cost estimate.  The impacts of these increases, amounting to </font><font style="font-family:inherit;font-size:10pt;">$16.5 million</font><font style="font-family:inherit;font-size:10pt;">, were recorded at December 31, 2015.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon effectiveness of the CSA and the RA, PNM, on behalf of the SJGS owners, coordinated a more detailed coal mine reclamation cost study, which was completed in the third quarter of 2016.   To complete the study, PNM was provided access to the mine site and obtained supporting data from Westmoreland, allowing for the 2015 study to be refined with a more extensive engineering analysis.  This reclamation cost estimate reflected the terms of the new reclamation services agreement with Westmoreland and continuation of mining operations through 2053.  The study indicated an increase in the reclamation cost estimate.  PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;"> share of the increase was recorded in the three months ended September 30, 2016.  The current estimate for decommissioning the mine serving Four Corners reflects the operation of the mine through 2031, the term of the new agreement for coal supply. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the 2016 estimates and PNM&#8217;s current ownership share of SJGS, PNM&#8217;s remaining payments as of September 30, 2017 for mine reclamation, in future dollars, are estimated to be </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.9 million</font><font style="font-family:inherit;font-size:10pt;"> for the surface mines at both SJGS and Four Corners and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$127.4 million</font><font style="font-family:inherit;font-size:10pt;"> for the underground mine at SJGS.  At September 30, 2017 and December 31, 2016, liabilities, in current dollars, of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$41.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$41.0 million</font><font style="font-family:inherit;font-size:10pt;"> for surface mine reclamation and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14.0 million</font><font style="font-family:inherit;font-size:10pt;"> for underground mine reclamation were recorded in other deferred credits. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 12, PNM filed its 2017 IRP on July 3, 2017.  The conclusions contained in the 2017 IRP indicate that it would be cost beneficial to PNM&#8217;s customers for PNM to retire its SJGS capacity in 2022 and for PNM to exit its ownership interest in Four Corners in 2031.  If the NMPRC orders the abandonment of those facilities, PNM would be required to remeasure its liability for coal mine reclamation to reflect that reclamation activities would occur sooner than currently anticipated.  The remeasurement would likely result in a significant increase in PNM&#8217;s liability for SJGS mine reclamation due to a further increase in the amount of fill dirt required to remediate the mine areas thereby increasing the overall reclamation costs.  PNM would record a regulatory asset for amounts recoverable from ratepayers under existing or future orders of the NMPRC and amounts not recoverable would be expensed.  PNM cannot predict what actions the NMPRC might take. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the terms of the CSA, PNM and the other SJGS owners are obligated to compensate SJCC for all reclamation costs associated with the supply of coal from the San Juan mine.  The SJGS owners entered into a reclamation trust funds agreement to provide funding to compensate SJCC for post-term reclamation obligations under the UG-CSA.  As part of the restructuring of SJGS ownership (see SJGS Ownership Restructuring Matters above), the SJGS owners and PNMR Development negotiated the terms of an amended agreement to fund post-term reclamation obligations under the CSA.  The trust funds agreement requires each owner to enter into an individual trust agreement with a financial institution as trustee, create an irrevocable reclamation trust, and periodically deposit funds into the reclamation trust for the owner&#8217;s share of the mine reclamation obligation.  Deposits, which are based on funding curves, must be made on an annual basis.  As part of the restructuring of SJGS ownership discussed above, the SJGS participants agreed to adjusted interim trust funding levels.  Based on PNM&#8217;s reclamation trust fund balance at September 30, 2017, the current funding curves indicate PNM&#8217;s required contributions to its reclamation trust fund would be </font><font style="font-family:inherit;font-size:10pt;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;"> in 2017, </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;"> in 2018, and </font><font style="font-family:inherit;font-size:10pt;">$8.7 million</font><font style="font-family:inherit;font-size:10pt;"> in 2019.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the Four Corners CSA, which became effective on July 7, 2016, PNM is required to fund its ownership share of estimated final reclamation costs in </font><font style="font-family:inherit;font-size:10pt;">thirteen</font><font style="font-family:inherit;font-size:10pt;"> annual installments, beginning on August 1, 2016, into an irrevocable escrow account solely dedicated to the final reclamation cost of the surface mine at Four Corners.  PNM contributed </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;"> to the escrow account in July 2017 and anticipates providing additional funding of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> in each of 2018 and 2019.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM collects a provision for surface and underground mine reclamation costs in its rates.  The NMPRC has capped the amount that can be collected from retail customers for final reclamation of the surface mines at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;">.  Previously, PNM recorded a regulatory asset for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> and recovers the amortization of this regulatory asset in rates.  If future estimates increase the liability for surface mine reclamation, the excess would be expensed at that time.  The reclamation amounts discussed above reflect PNM&#8217;s estimates of its share of the revised costs.  Regulatory determinations made by the NMPRC may also affect the impact on PNM.  PNM is currently unable to determine the outcome of these matters or the range of possible impacts.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Continuous Highwall Mining Royalty Rate</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2013, the DOI Bureau of Land Management (&#8220;BLM&#8221;) issued a proposed rulemaking that would retroactively apply the surface mining royalty rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12.5%</font><font style="font-family:inherit;font-size:10pt;"> to continuous highwall mining (&#8220;CHM&#8221;).&#160; Comments regarding the rulemaking were due on October 11, 2013 and PNM submitted comments in opposition to the proposed rule.  There is no legal deadline for adoption of the final rule.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SJCC utilized the CHM technique from 2000 to 2003 and, with the approval of the Farmington, New Mexico Field Office of BLM to reclassify the final highwall as underground reserves, applied the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">8.0%</font><font style="font-family:inherit;font-size:10pt;"> underground mining royalty rate to coal mined using CHM and sold to SJGS.&#160; In March 2001, SJCC learned that the DOI Minerals Management Service (&#8220;MMS&#8221;) disagreed with the application of the underground royalty rate to CHM.&#160; In August 2006, SJCC and MMS entered into an agreement tolling the statute of limitations on any administrative action to recover unpaid royalties until BLM issued a final, non-appealable determination as to the proper rate for CHM-mined coal.&#160; The proposed BLM rulemaking has the potential to terminate the tolling provision of the settlement agreement, and underpaid royalties of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5 million</font><font style="font-family:inherit;font-size:10pt;"> for SJGS would become due if the proposed BLM rule is adopted as proposed.&#160; PNM&#8217;s share of any amount that is ultimately paid would be approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">46.3%</font><font style="font-family:inherit;font-size:10pt;">, none of which would be passed through PNM&#8217;s FPPAC.  PNM is unable to predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PVNGS Liability and Insurance Matters </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public liability for incidents at nuclear power plants is governed by the Price-Anderson Nuclear Industries Indemnity Act, which limits the liability of nuclear reactor owners to the amount of insurance available from both commercial sources and an industry-wide retrospective payment plan.  In accordance with this act, the PVNGS participants are insured against public liability exposure for a nuclear incident up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13.4 billion</font><font style="font-family:inherit;font-size:10pt;"> per occurrence.  PVNGS maintains the maximum available nuclear liability insurance in the amount of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$450 million</font><font style="font-family:inherit;font-size:10pt;">, which is provided by American Nuclear Insurers.  The remaining </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13.0 billion</font><font style="font-family:inherit;font-size:10pt;"> is provided through a mandatory industry-wide retrospective assessment program.  If losses at any nuclear power plant covered by the program exceed the accumulated funds, PNM could be assessed retrospective premium adjustments.  Based on PNM&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10.2%</font><font style="font-family:inherit;font-size:10pt;"> interest in each of the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> PVNGS units, PNM&#8217;s maximum potential retrospective premium assessment per incident for all </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> units is </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$38.9 million</font><font style="font-family:inherit;font-size:10pt;">, with a maximum annual payment limitation of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.8 million</font><font style="font-family:inherit;font-size:10pt;">, to be adjusted periodically for inflation. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PVNGS participants maintain insurance for damage to, and decontamination of, property at PVNGS in the aggregate amount of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.75 billion</font><font style="font-family:inherit;font-size:10pt;">, a substantial portion of which must first be applied to stabilization and decontamination.  These coverages are provided by Nuclear Electric Insurance Limited (&#8220;NEIL&#8221;).  The primary policy offered by NEIL contains a sublimit of </font><font style="font-family:inherit;font-size:10pt;">$2.25 billion</font><font style="font-family:inherit;font-size:10pt;"> for non-nuclear property damage.  If NEIL&#8217;s losses in any policy year exceed accumulated funds, PNM is subject to retrospective premium adjustments of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.4 million</font><font style="font-family:inherit;font-size:10pt;"> for each retrospective premium assessment declared by NEIL&#8217;s Board of Directors due to losses.  The insurance coverages discussed in this and the previous paragraph are subject to certain policy conditions, sublimits, and exclusions. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Water Supply </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of New Mexico&#8217;s arid climate and periodic drought conditions, there is concern in New Mexico about the use of water, including that used for power generation.  Although PNM does not believe that its operations will be materially affected by drought conditions at this time, it cannot forecast long-term weather patterns.  Public policy, local, state and federal regulations, and litigation regarding water could also impact PNM operations.  To help mitigate these risks, PNM has secured permanent groundwater rights for the existing plants at Reeves Station, Rio Bravo, Afton, Luna, Lordsburg, and La Luz.  Water availability is not an issue for these plants at this time.  However, prolonged drought, ESA activities, and a federal lawsuit by the State of Texas (suing the State of New Mexico over water deliveries) could pose a threat of reduced water availability for these plants.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For SJGS and Four Corners, PNM and APS have negotiated an agreement with the more senior water rights holders (tribes, municipalities, and agricultural interests) in the San Juan basin to mutually share the impacts of water shortages with tribes and other water users in the San Juan basin.  The agreement to share shortages in 2017 through 2020 has been negotiated and awaits endorsement by the parties and the New Mexico State Engineer.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2010, APS signed an agreement on behalf of the PVNGS participants with </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> cities to provide cooling water essential to power production at PVNGS for </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;"> years.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PVNGS Water Supply Litigation </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1986, an action commenced regarding the rights of APS and the other PVNGS participants to the use of groundwater and effluent at PVNGS.  APS filed claims that dispute the court&#8217;s jurisdiction over PVNGS&#8217; groundwater rights and their contractual rights to effluent relating to PVNGS and, alternatively, seek confirmation of those rights.  In 1999, the Arizona Supreme Court issued a decision finding that certain groundwater rights may be available to the federal government and Indian tribes.  In addition, the Arizona Supreme Court issued a decision in 2000 affirming the lower court&#8217;s criteria for resolving groundwater claims.  Litigation on these issues has continued in the trial court.  No trial dates have been set in these matters.  PNM does not expect that this litigation will have a material impact on its results of operation, financial position, or cash flows. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">San Juan River Adjudication  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 1975, the State of New Mexico filed an action in New Mexico District Court to adjudicate all water rights in the San Juan River Stream System, including water used at Four Corners and SJGS.  PNM was made a defendant in the litigation in 1976.  In March 2009, former President Obama signed legislation confirming a 2005 settlement with the Navajo Nation.  Under the terms of the settlement agreement, the Navajo Nation&#8217;s water rights would be settled and finally determined by entry by the court of two proposed adjudication decrees.&#160; The court issued an order in August 2013 finding that no evidentiary hearing was warranted in the Navajo Nation proceeding and, on November 1, 2013, issued a Partial Final Judgment and Decree of the Water Rights of the Navajo Nation approving the proposed settlement with the Navajo Nation.  Several parties filed a joint motion for a new trial, which was denied by the court.  A number of parties subsequently appealed to the New Mexico Court of Appeals.  PNM has entered its appearance in the appellate case.  The issues have been fully briefed and the matter is pending with the New Mexico Court of Appeals. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is participating in this proceeding since PNM&#8217;s water rights in the San Juan Basin may be affected by the rights recognized in the settlement agreement as being owned by the Navajo Nation, which comprise a significant portion of water available from sources on the San Juan River and in the San Juan Basin.  PNM is unable to predict the ultimate outcome of this matter or estimate the amount or range of potential loss and cannot determine the effect, if any, of any water rights adjudication on the present arrangements for water at SJGS and Four Corners.  Final resolution of the case cannot be expected for several years.  An agreement reached with the Navajo Nation in 1985, however, provides that if Four Corners loses a portion of its rights in the adjudication, the Navajo Nation will provide, for an agreed upon cost, sufficient water from its allocation to offset the loss.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rights-of-Way Matter</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 28, 2014, the County Commission of Bernalillo County, New Mexico passed an ordinance requiring utilities to enter into a use agreement and pay a yet-to-be-determined fee as a condition to installing, maintaining, and operating facilities on county rights-of-way.  The fee is purported to compensate the county for costs of administering and maintaining the rights-of-way, as well as for capital improvements.  On February 27, 2014, PNM and other utilities filed a Complaint for Declaratory and Injunctive Relief in the United States District Court for the District of New Mexico challenging the validity of the ordinance.  The court denied the utilities&#8217; motion for judgment.  The court further granted the County&#8217;s motion to dismiss the state law claims.  The utilities filed an&#160;amended complaint reflecting the </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> federal claims remaining before the federal court.  The utilities also filed a complaint in Bernalillo County, New Mexico District Court reflecting the state law counts dismissed by the federal court.  In subsequent briefing in federal court, the County filed a motion for judgment on </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of the utilities&#8217; claims, which was granted by the court, leaving a claim regarding telecommunications service as the remaining federal claim.  On January 4, 2016, the utilities filed an Application for Interlocutory Appeal from the state court, which was denied.  On March 28, 2017, the utilities filed a </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Writ of Certiorari </font><font style="font-family:inherit;font-size:10pt;">with the NM Supreme Court, which was denied</font><font style="font-family:inherit;font-size:10pt;color:#1f497d;">.</font><font style="font-family:inherit;font-size:10pt;">  The matter will proceed in New Mexico District Court.  The utilities and Bernalillo County reached a standstill agreement whereby the County would not take any enforcement action against the utilities pursuant to the ordinance during the pendency of the litigation, but not including any period for appeal of a judgment, or upon </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> days written notice by either the County or the utilities of their intention to terminate the agreement.  If the challenges to the ordinance are unsuccessful, PNM believes any fees paid pursuant to the ordinance would be considered franchise fees and would be recoverable from customers.  PNM is unable to predict the outcome of this matter or its impact on PNM&#8217;s operations.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Navajo Nation Allottee Matters </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A putative class action was filed against PNM and other utilities in February 2009 in the United States District Court for the District of New Mexico.  Plaintiffs claim to be allottees, members of the Navajo Nation, who pursuant to the Dawes Act of 1887, were allotted ownership in land carved out of the Navajo Nation and allege that defendants, including PNM, are rights-of-way grantees with rights-of-way across the allotted lands and are either in trespass or have paid insufficient fees for the grant of rights-of-way or both.&#160; In March 2010, the court ordered that the entirety of the plaintiffs&#8217; case be dismissed.  The court did not grant plaintiffs leave to amend their complaint, finding that they instead must pursue and exhaust their administrative remedies before seeking redress in federal court.&#160; In May 2010, plaintiffs filed a Notice of Appeal with the Bureau of Indian Affairs (&#8220;BIA&#8221;), which was denied by the BIA Regional Director.  In May 2011, plaintiffs appealed the Regional Director&#8217;s decision to the DOI, Office of Hearings and Appeals, Interior Board of Indian Appeals.  Following briefing on the merits, on August 20, 2013, that board issued a decision upholding the Regional Director&#8217;s decision that the allottees had failed to perfect their appeals, and dismissed the allottees&#8217; appeals, without prejudice. &#160;The allottees have not refiled their appeals.  Although this matter was dismissed without prejudice, PNM considers the matter concluded.  However, PNM continues to monitor this matter in order to preserve its interests regarding any PNM-acquired rights-of-way.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In a separate matter, in September 2012, </font><font style="font-family:inherit;font-size:10pt;">43</font><font style="font-family:inherit;font-size:10pt;"> landowners claiming to be Navajo allottees filed a notice of appeal with the BIA appealing a March 2011 decision of the BIA Regional Director regarding renewal of a right-of-way for a PNM transmission line.  The allottees, many of whom are also allottees in the above matter, generally allege that they were not paid fair market value for the right-of-way, that they were denied the opportunity to make a showing as to their view of fair market value, and thus denied due process.  On January 6, 2014, PNM received notice that the BIA, Navajo Region, requested a review of an appraisal report on </font><font style="font-family:inherit;font-size:10pt;color:#000000;">58</font><font style="font-family:inherit;font-size:10pt;"> allotment parcels.  After review, the BIA concluded it would continue to rely on the values of the original appraisal.  On March 27, 2014, while this matter was stayed, the allottees filed a motion to dismiss their appeal with prejudice.&#160; On April 2, 2014, the allottees&#8217; appeal was dismissed with prejudice.  Subsequent to the dismissal, PNM received a letter from counsel on behalf of what appears to be a subset of the </font><font style="font-family:inherit;font-size:10pt;">43</font><font style="font-family:inherit;font-size:10pt;"> landowner allottees involved in the appeal, notifying PNM that the specified allottees were revoking their consents for renewal of right of way on </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> specific allotments.&#160; On January 22, 2015, PNM received a letter from the BIA Regional Director identifying </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> allotments with rights-of-way renewals that were previously contested.&#160; The letter indicated that the renewals were not approved by the BIA because the previous consent obtained by PNM was later revoked, prior to BIA approval, by the majority owners of the allotments.  It is the BIA Regional Director&#8217;s position that PNM must re-obtain consent from these landowners.  On July 13, 2015, PNM filed a condemnation action in the United States District Court for the District of New Mexico regarding the approximately </font><font style="font-family:inherit;font-size:10pt;">15.49</font><font style="font-family:inherit;font-size:10pt;"> acres of land at issue.  On December 1, 2015, the court ruled that PNM could not condemn </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> allotments at issue based on the Navajo Nation&#8217;s fractional interest in the land.  PNM&#8217;s motion for reconsideration of this ruling was denied.  On March 31, 2016, the Tenth Circuit granted PNM&#8217;s petition to appeal the December 1, 2015 ruling.  On September 18, 2015, the allottees filed a separate complaint against PNM for federal trespass.  Both matters have been consolidated and are stayed while PNM pursues its appeal before the Tenth Circuit.  On June 27, 2016, PNM filed its opening brief in the Tenth Circuit.  </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amicus</font><font style="font-family:inherit;font-size:10pt;"> briefs were filed in support of PNM&#8217;s position.  On October 5, 2016, the United States, the Navajo Nation, and individual allottees filed their response briefs.  After the response briefs were filed, other entities requested leave to file </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">amicus</font><font style="font-family:inherit;font-size:10pt;"> briefs addressing arguments raised in the United States&#8217; response brief.  Oral argument before the Tenth Circuit was heard on January 17, 2017.  On May 26, 2017, the Tenth Circuit affirmed the district court.  On July 8, 2017, PNM filed a Motion for Reconsideration </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">en banc </font><font style="font-family:inherit;font-size:10pt;">with the Tenth Circuit.  On July 21, 2017, the court denied PNM&#8217;s Motion for Reconsideration.  On July 26, 2017, PNM filed a motion to stay implementation of the court&#8217;s decision, which was denied.  PNM is considering all of its procedural options going forward in the litigation.  On September 11, 2017, PNM filed an Application for Extension of Time to File a Petition for </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Writ of Certiorari</font><font style="font-family:inherit;font-size:10pt;"> in the US Supreme Court.  PNM&#8217;s application for an extension of time to November 20, 2017 was granted.  On October 23, 2017, the parties filed a Joint Motion to Stay the federal district court case for </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;"> days based on the Navajo Nation&#8217;s acquisition of interests in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> additional allotments and the unresolved ownership of the fifth allotment due to the owner&#8217;s death.  The court granted this motion on October 24, 2017. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM cannot predict the outcome of these matters.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales Tax Audits</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2011, PNMR completed the sale of its retail electric provider, which operated in Texas under the name First Choice Power (&#8220;First Choice&#8221;).  Under the sale agreement, PNMR is contractually obligated for First Choice&#8217;s taxes relating to periods prior to the sale.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Texas Comptroller of Public Accounts (&#8220;Comptroller&#8221;) has initiated audits of First Choice&#8217;s sales and use tax filings and miscellaneous gross receipts tax filings for periods prior to the sale.  During the course of the audits, PNMR accrued an immaterial liability for items identified in the audits for which PNMR believed an unfavorable resolution was probable.  The Comptroller has issued notifications of audit results indicating additional tax due of </font><font style="font-family:inherit;font-size:10pt;">$5.0 million</font><font style="font-family:inherit;font-size:10pt;">, plus penalties and interest.  The primary issue in dispute is the disallowance by the auditor of the tax benefits of bad debt charge-offs and billing credits.  On behalf of First Choice, PNMR filed requests for redetermination for both audits.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR has engaged in continued discussions with the Comptroller, as well as supplying additional documentation in support of PNMR&#8217;s positions.  If PNMR and the Comptroller do not reach agreement, this matter will go to hearing with the Texas State Office of Administrative Hearings.  Although PNMR believes its positions are correct, it is unable to predict the outcome of this matter.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingenciesDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>47
<FILENAME>R20.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850311872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Regulatory and Rate Matters<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatedOperationsAbstract', window );"><strong>Regulated Operations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryAndRateMattersTextBlock', window );">Regulatory and Rate Matters</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulatory and Rate Matters</font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is involved in various regulatory matters, some of which contain contingencies that are subject to the same uncertainties as those described in Note 11.  Additional information concerning regulatory and rate matters is contained in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico General Rate Cases</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2015 General Rate Case</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;NM 2015 Rate Case&#8221;)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 27, 2015, PNM filed an application with the NMPRC for a general increase in retail electric rates.  The application proposed a revenue increase of </font><font style="font-family:inherit;font-size:10pt;">$123.5 million</font><font style="font-family:inherit;font-size:10pt;">, including base non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$121.7 million</font><font style="font-family:inherit;font-size:10pt;">.  PNM&#8217;s application was based on a future test year (&#8220;FTY&#8221;) period beginning October 1, 2015 and proposed a ROE of </font><font style="font-family:inherit;font-size:10pt;">10.5%</font><font style="font-family:inherit;font-size:10pt;">.  The primary drivers of PNM&#8217;s identified revenue deficiency were the cost of infrastructure investments, including depreciation expense based on an updated depreciation study, and a decline in energy sales as a result of PNM&#8217;s successful energy efficiency programs and economic factors.  The application included several proposed changes in rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation.  Specific rate design proposals included higher customer and demand charges, a revenue decoupling pilot program applicable to residential and small commercial customers, a re-allocation of revenue among PNM&#8217;s customer classes, a new economic development rate, and continuation of PNM&#8217;s renewable energy rider.  PNM requested that the proposed new rates become effective beginning in July 2016.  On March 2, 2016, the NMPRC required PNM to file supplemental testimony regarding the treatment of renewable energy in PNM&#8217;s FPPAC.  See Renewable Portfolio Standard below.  A public hearing on the proposed new rates was held in April 2016.  Subsequent to this hearing, the NMPRC ordered PNM to file additional testimony regarding PNM&#8217;s interests in PVNGS, including the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of PVNGS Unit 2 that PNM repurchased in January 2016, pursuant to the terms of the initial sales-leaseback transactions (Note 6).  A subsequent public hearing was held in June 2016.  After the June hearing, PNM and other parties were ordered to file supplemental briefs and to provide final recommended revenue requirements that incorporated fuel savings that PNM implemented effective January 1, 2016 from PNM&#8217;s SJGS coal supply agreement (&#8220;CSA&#8221;).&#160; PNM&#8217;s filing indicated that recovery for fuel related costs would be reduced by approximately </font><font style="font-family:inherit;font-size:10pt;">$42.9 million</font><font style="font-family:inherit;font-size:10pt;"> reflecting the current CSA (Note 11), which also reduced the request for base non-fuel related revenues by </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">$121.5 million</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 4, 2016, the Hearing Examiner in the case issued a recommended decision (&#8220;RD&#8221;).&#160; The RD proposed an increase in non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$41.3 million</font><font style="font-family:inherit;font-size:10pt;"> compared to the </font><font style="font-family:inherit;font-size:10pt;">$121.5 million</font><font style="font-family:inherit;font-size:10pt;"> increase requested by PNM.  Major components of the difference in the increase in non-fuel revenues proposed in the RD, included:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of </font><font style="font-family:inherit;font-size:10pt;">9.575%</font><font style="font-family:inherit;font-size:10pt;"> compared to the </font><font style="font-family:inherit;font-size:10pt;">10.5%</font><font style="font-family:inherit;font-size:10pt;"> requested by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of the entire </font><font style="font-family:inherit;font-size:10pt;">$163.3 million</font><font style="font-family:inherit;font-size:10pt;"> purchase price for the January 15, 2016 purchases of the assets underlying </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> leases of portions of PVNGS Unit 2 (Note 6); the RD proposed that power from the previously leased assets, aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expenses (other than property taxes, which were </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> per year at that time), but the customers would not bear any capital or depreciation costs other than those related to improvements made after the date of the original leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery from retail customers of the rent expense, which aggregates </font><font style="font-family:inherit;font-size:10pt;">$18.1 million</font><font style="font-family:inherit;font-size:10pt;"> per year, under the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> leases of capacity in PVNGS Unit 1 that were extended for </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> years beginning January 15, 2015 and the </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> lease of capacity in PVNGS Unit 2 that was extended for </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> years beginning January 15, 2016 (Note 6) and related property taxes, which were </font><font style="font-family:inherit;font-size:10pt;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;"> per year at that time; the RD proposed that power from the leased assets, aggregating </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity, be dedicated to serving New Mexico retail customers with those customers being charged for the costs of fuel and operating and maintenance expense, except that customers would not bear rental costs or property taxes</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of the costs of converting SJGS Units 1 and 4 to BDT, which is required by the NSR permit for SJGS, (Note 11);  PNM&#8217;s share of the costs of installing the BDT equipment was </font><font style="font-family:inherit;font-size:10pt;">$52.3 million</font><font style="font-family:inherit;font-size:10pt;"> of which </font><font style="font-family:inherit;font-size:10pt;">$40.0 million</font><font style="font-family:inherit;font-size:10pt;"> was included in rate base in PNM&#8217;s rate request</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowing recovery of </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;"> of amounts recorded as regulatory assets and deferred charges </font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RD recommended that the NMPRC find PNM was imprudent in the actions taken to purchase the previously leased </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity in PVNGS Unit 2, extending the leases for </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity of PVNGS Units 1 and 2, and installing the BDT equipment on SJGS Units 1 and 4.  The RD also proposed that all fuel costs be removed from base rates and be recovered through the FPPAC.  The RD would credit retail customers with </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the New Mexico jurisdictional portion of revenues from &#8220;refined coal&#8221; (a third-party pre-treatment process) at SJGS.  In addition, the RD would remove recovery of the costs of power obtained from New Mexico Wind from the FPPAC and include recovery of those costs through PNM&#8217;s renewable energy rider discussed below.  The RD recommended continuation of the renewable energy rider and certain aspects of PNM&#8217;s proposals regarding rate design, but would not approve certain other rate design proposals or PNM&#8217;s request for a revenue decoupling pilot program.  The RD proposed approving PNM&#8217;s proposals for revised depreciation rates (except for requiring depreciation on Four Corners be calculated based on a 2041 life rather than the 2031 life proposed by PNM), the inclusion of construction work in progress in rate base, and ratemaking treatment of the &#8220;prepaid pension asset.&#8221;  The RD did not preclude PNM from supporting the prudence of the PVNGS purchases and lease renewals in its next general rate case and seeking recovery of those costs.  PNM disagreed with many of the key conclusions reached by the Hearing Examiner in the RD and filed exceptions to defend its prudent utility investments.  Other parties also filed exceptions to the RD.&#160;&#160; </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC issued an order on September 28, 2016 that authorized PNM to implement an increase in non-fuel rates of </font><font style="font-family:inherit;font-size:10pt;">$61.2 million</font><font style="font-family:inherit;font-size:10pt;">, effective for bills sent to customers after September 30, 2016.  The order generally approved the RD, but with certain significant modifications.  The modifications to the RD included:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inclusion of the January 2016 purchase of the assets underlying </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> leases of capacity, aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW, of PVNGS Unit 2 at an initial rate base value of </font><font style="font-family:inherit;font-size:10pt;">$83.7 million</font><font style="font-family:inherit;font-size:10pt;">; and disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW was being leased by PNM, which aggregated </font><font style="font-family:inherit;font-size:10pt;">$43.8 million</font><font style="font-family:inherit;font-size:10pt;"> when the order was issued </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Full recovery of the rent expense and property taxes associated with the extended leases for capacity, aggregating </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW, in Palo Verde Units 1 and 2</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of any future contributions for PVNGS decommissioning costs related to the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity purchased in January 2016 and the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity under the extended leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recovery of assumed operating and maintenance expense savings of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;"> annually related to BDT </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 30, 2016, PNM filed a notice of appeal with the NM Supreme Court regarding the order in the NM 2015 Rate Case.  Subsequently, NEE, NMIEC, and ABCWUA filed notices of cross-appeal to PNM&#8217;s appeal.  On October 26, 2016, PNM filed a statement of issues related to its appeal with the NM Supreme Court, which stated PNM is appealing the NMPRC&#8217;s determination that PNM was imprudent in the actions taken to purchase the previously leased </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity in PVNGS Unit 2, extending the leases for </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity of PVNGS Units 1 and 2, and installing BDT equipment on SJGS Units 1 and 4.  Specifically, PNM&#8217;s statement indicated it is appealing the following elements of the NMPRC&#8217;s order:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the full purchase price, representing fair market value, of the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity in PVNGS Unit 2 purchased in January 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of the recovery of the undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity was leased by PNM</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of future contributions for PVNGS decommissioning attributable to the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of purchased capacity and the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity under the extended leases</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disallowance of recovery of the costs of converting SJGS Units 1 and 4 to BDT</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The issues that are being appealed by the various cross-appellants include:</font></div><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs of the lease extensions for the </font><font style="font-family:inherit;font-size:10pt;">114.6</font><font style="font-family:inherit;font-size:10pt;"> MW of PVNGS Units 1 and 2 and any of the purchase price for the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW in PVNGS Unit 2</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to recover the costs incurred under the new coal supply contract for Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revised method to collect PNM&#8217;s fuel and purchased power costs under the FPPAC </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The final rate design </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC allowing PNM to include the &#8220;prepaid pension asset&#8221; in rate base</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEE subsequently filed a motion for a partial stay of the order at the NM Supreme Court.  This motion was denied.  The NM Supreme Court stated that the court&#8217;s intent was to request that PNM reimburse ratepayers for any amount overcharged should the cross-appellants prevail on the merits.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 17, 2017, PNM filed its Brief in Chief, and pursuant to the court&#8217;s rules, the briefing schedule was completed on July 21, 2017.  Oral argument at the NM Supreme Court is scheduled for October 30, 2017.  Although appeals of regulatory actions of the NMPRC have a priority at the NM Supreme Court under New Mexico law, there is no required time frame for the court to act on the appeals.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP requires that a loss is to be recognized when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated.  When there is a range of the amount of the probable loss, the minimum amount of the range is to be accrued unless an amount within the range is a better estimate than any other amount.  PNM evaluated the accounting consequences of the order in the NM 2015 Rate Case and the likelihood of being successful on the issues it is appealing in the NM Supreme Court as required under GAAP.  The evaluation indicates it is reasonably possible that PNM will be successful on the issues it is appealing.  If the NM Supreme Court rules in PNM&#8217;s favor on some or all of the issues, those issues would be remanded back to the NMPRC for further action.  PNM continues to estimate that it will take a minimum of </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> months, from the date PNM filed its appeal, for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues.  During such time, the rates specified in the order will remain in effect.  PNM has concluded that a range of probable loss resulted from the NMPRC order in the NM 2015 Rate Case; that the minimum amount of loss continues to be </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> months of capital cost recovery, which the order disallowed for PNM&#8217;s investments in the PVNGS Unit 2 purchases, PVNGS Unit 2 capitalized improvements, and BDT; and that no amount within the range of possible loss is a better estimate than any other amount.  Accordingly, PNM recorded a pre-tax regulatory disallowance of </font><font style="font-family:inherit;font-size:10pt;">$6.8 million</font><font style="font-family:inherit;font-size:10pt;"> in September 2016 for the capital costs that will not be covered during that </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> month appeal period.  In addition, PNM recorded a pre-tax regulatory disallowance for </font><font style="font-family:inherit;font-size:10pt;">$4.5 million</font><font style="font-family:inherit;font-size:10pt;"> of costs recorded as regulatory assets and deferred charges (which the order disallowed and which PNM did not challenge in its appeal) since PNM can no longer assert that those assets are probable of being recovered through the ratemaking process.  Additional losses will be recorded if the currently estimated </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> month time frame for the NM Supreme Court to render a decision and for the NMPRC to take action on any remanded issues is extended.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC&#8217;s order approved PNM&#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&#8217;s New Mexico net operating loss carryforward resulting from an extension of the income tax provision for fifty percent bonus depreciation.  The impact, net of federal income taxes, amounting to </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> was reflected as a reduction of income tax expense in September 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM continues to believe that the disallowed investments, which are the subject of PNM&#8217;s appeal, were prudently incurred and that PNM is entitled to full recovery of those investments through the ratemaking process.  Although PNM believes it is reasonably possible that its appeals will be successful, it cannot predict what decision the NM Supreme Court will reach or what further actions the NMPRC will take on any issues remanded to it by the court.  If PNM&#8217;s appeal is unsuccessful, PNM would record further pre-tax losses related to the capitalized costs for any unsuccessful issues.  The impacts of not recovering future contributions for decommissioning would be recorded in future periods.  The amounts of any such losses to be recorded would depend on the ultimate outcome of the appeal and NMPRC process, as well as the actual amounts reflected on PNM books at the time of the resolution.  However, based on the book values recorded by PNM as of September 30, 2017, such losses could include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The remaining costs to acquire the assets previously leased under </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> leases aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of PVNGS Unit 2 capacity in excess of the recovery permitted under the NMPRC&#8217;s order; the net book value of such excess amount was </font><font style="font-family:inherit;font-size:10pt;">$76.9 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The undepreciated costs of capitalized improvements made during the period the </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity in PVNGS Unit 2 purchased by PNM in January 2016 was being leased by PNM; the net book value of these improvements was $</font><font style="font-family:inherit;font-size:10pt;">39.9 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The remaining costs to convert SJGS Units 1 and 4 to BDT; the net book value of these assets was </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;">, after considering the loss recorded in 2016</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also, PNM has evaluated the accounting consequences of the issues that are being appealed by the cross-appellants.  Although PNM does not believe the issues raised in the cross-appeals have substantial merit, PNM is unable to predict what decision the NM Supreme Court will reach.  PNM does not believe that the likelihood of the cross-appeals being successful is probable.  However, if the NM Supreme Court were to overturn all of the issues subject to the cross-appeals and, upon remand, the NMPRC did not provide any recovery of those items, PNM would write-off all of the costs to acquire the assets previously leased under </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> leases aggregating </font><font style="font-family:inherit;font-size:10pt;">64.1</font><font style="font-family:inherit;font-size:10pt;"> MW of PVNGS Unit 2 capacity, totaling </font><font style="font-family:inherit;font-size:10pt;">$153.4 million</font><font style="font-family:inherit;font-size:10pt;"> (which amount includes </font><font style="font-family:inherit;font-size:10pt;">$76.9 million</font><font style="font-family:inherit;font-size:10pt;"> that is the subject of PNM&#8217;s appeal discussed above) at September 30, 2017, after considering the loss recorded in 2016.  The impacts of not recovering costs for the lease extensions, new coal supply contract for Four Corners, and &#8220;prepaid pension asset&#8221; in rate base would be recognized in future periods reflecting that rates charged to customers would not recover those costs as they are incurred.  The outcomes of the cross-appeals regarding the FPPAC and rate design should not have financial impact to PNM.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM is unable to predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">New Mexico 2016 General Rate Case </font><font style="font-family:inherit;font-size:10pt;">(&#8220;NM 2016 Rate Case&#8221;)</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 7, 2016, PNM filed an application with the NMPRC for a general increase in retail electric rates.  PNM did not include any of the costs disallowed in the NM 2015 Rate Case that are at issue in its pending appeal to the NM Supreme Court.  Key aspects of PNM&#8217;s request are:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An increase in base non-fuel revenues of </font><font style="font-family:inherit;font-size:10pt;">$99.2 million</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on a FTY beginning January 1, 2018 (the NMPRC&#8217;s rules specify that a FTY is a </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> month period beginning up to </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> months after the filing of a rate case application)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ROE of </font><font style="font-family:inherit;font-size:10pt;">10.125%</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Drivers of revenue deficiency</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Implementation of the modifications in PNM&#8217;s resource portfolio, which were previously approved by the NMPRC as part of the SJGS regional haze compliance plan (Note 11)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Infrastructure investments, including environmental upgrades at Four Corners</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Declines in forecasted energy sales due to successful energy efficiency programs and other economic factors</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Updates in the FERC/retail jurisdictional allocations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proposed changes to rate design to establish fair and equitable pricing across rate classes and to better align cost recovery with cost causation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Increased customer and demand charges</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9702;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A &#8220;lost contribution to fixed cost&#8221; mechanism applicable to residential and small commercial customers to address the regulatory disincentive associated with PNM&#8217;s energy efficiency programs</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC scheduled a public hearing to begin on June 5, 2017, ordered that a settlement conference should be held, and that any resulting stipulation should be filed by March 27, 2017.  Settlement discussions were held, but no agreements were reached by March 27, 2017.  PNM and several intervenors filed an unopposed motion with the NMPRC to extend by </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> month the procedural schedule, including the date for filing a stipulation.  On April 12, 2017, the NMPRC issued an order modifying the procedural schedule to allow for additional settlement discussion.  Under the revised schedule, any settlement stipulation was to be filed by April 27, 2017.   On April 27, 2017, PNM and several intervenors filed a motion with the NMPRC to extend the deadline for filing a stipulation.  The motion was granted by the Hearing Examiners and in May 2017, PNM and </font><font style="font-family:inherit;font-size:10pt;">thirteen</font><font style="font-family:inherit;font-size:10pt;"> intervenors (the &#8220;Signatories&#8221;) entered into a comprehensive stipulation.  On May 12, 2017, the Hearing Examiners issued an order rejecting the stipulation in its then current form, but allowed the Signatories to revise the stipulation.  On May 23, 2017, the Signatories filed a revised stipulation that addressed the issues raised by the Hearing Examiners in their order.  NEE is the sole party opposing the revised stipulation.  The terms of the revised stipulation include:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A revenue increase totaling </font><font style="font-family:inherit;font-size:10pt;">$62.3 million</font><font style="font-family:inherit;font-size:10pt;">, with an initial increase of </font><font style="font-family:inherit;font-size:10pt;">$32.3 million</font><font style="font-family:inherit;font-size:10pt;"> beginning January 1, 2018 and the remaining increase beginning January 1, 2019</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A ROE of </font><font style="font-family:inherit;font-size:10pt;">9.575%</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Full recovery of the investment in SCRs at Four Corners with a debt-only return</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement not to adjust non-fuel base rate changes to be effective prior to January 1, 2020</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An agreement to adjust the January 2019 increase for certain changes in federal corporate tax laws enacted prior to November 1, 2018 and effective and applicable to PNM by January 1, 2019</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Returning to customers over a </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year period the benefit of the reduction in the New Mexico corporate income tax rate (Note 13) to the extent attributable to PNM&#8217;s retail operations</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM will withdraw its proposal for a &#8220;lost contribution to fixed cost&#8221; mechanism with the issue to be addressed in a future docket</font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 24, 2017, the NMPRC issued an order, which resulted in the tolling of the statutory suspension period for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> months and extending the suspension of the rate increase until January 6, 2018.  The NMPRC can further extend the suspension period for an additional </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> months.  A hearing on the revised stipulation was held in August 2017.  The revised stipulation requires the approval of the NMPRC in order to take effect.   </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If the NMPRC approves the revised stipulation as filed, GAAP would require PNM to recognize a loss to reflect that PNM will not earn an equity return on its investments in SCRs at Four Corners.  The loss would be recorded as a regulatory disallowance as of the date of NMPRC approval.  The amount of the loss would be calculated by determining the present value of disallowed cash flows, which would equal the difference between the cash flows resulting from recovery of those investments with a debt only return and the cash flows with a full return on investment (including an equity component), and discounting the differences at PNM&#8217;s WACC.  Such amount would depend on the final costs of the SCRs and other factors and assumptions at the date of NMPRC approval.  Based on the stipulation and PNM&#8217;s current assumptions, PNM estimates the regulatory disallowance would be approximately </font><font style="font-family:inherit;font-size:10pt;">$21 million</font><font style="font-family:inherit;font-size:10pt;">.  PNM cannot predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investigation/Rulemaking Concerning NMPRC Ratemaking Policies</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 22, 2017, the NMPRC issued an order opening an investigation and rulemaking to simplify and increase &#8220;the transparency of NMPRC rate cases by reducing the number of issues litigated in rate cases,&#8221; and provide a &#8220;more level playing field among intervenors and NMPRC staff on the one hand, and the utilities on the other.&#8221;  The order posed the following questions: whether a standardized method should be established for determining ROE; should the ROE be subject to reward or penalty based on utilities meeting or failing to meet certain metrics, which could include customer complaints, outages, peak demand reductions, and RPS and energy efficiency compliance; whether recovery of utility rate case expenses should be limited to 50% unless the case is settled; whether intervenors should be allowed to recover their expenses if the NMPRC accepts their position; whether parties should have access to software used by utilities to support their positions; and how regulatory assets should be authorized and recovered.  Initial comments were filed in July 2017 and a public workshop was held in September 2017.  Additional public workshops are scheduled in November 2017.  PNM cannot predict the outcome of this proceeding. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Renewable Portfolio Standard </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The REA establishes a mandatory RPS requiring a utility to acquire a renewable energy portfolio equal to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;"> of retail electric sales by 2011, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">15%</font><font style="font-family:inherit;font-size:10pt;"> by 2015, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> by 2020.  PNM files annual renewable energy procurement plans for approval by the NMPRC.  The NMPRC requires renewable energy portfolios to be &#8220;fully diversified.&#8221; The current diversity requirements, which are subject to the limitation of the RCT, are minimums of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">30%</font><font style="font-family:inherit;font-size:10pt;"> wind, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20%</font><font style="font-family:inherit;font-size:10pt;"> solar, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3%</font><font style="font-family:inherit;font-size:10pt;"> distributed generation, and </font><font style="font-family:inherit;font-size:10pt;">5%</font><font style="font-family:inherit;font-size:10pt;"> other.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The REA provides for streamlined proceedings for approval of utilities&#8217; renewable energy procurement plans, assures that utilities recover costs incurred consistent with approved procurement plans, and requires the NMPRC to establish a RCT for the procurement of renewable resources to prevent excessive costs being added to rates.  Currently, the RCT is set at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3%</font><font style="font-family:inherit;font-size:10pt;"> of customers&#8217; annual electric charges.  PNM makes renewable procurements consistent with the NMPRC approved plans.  PNM recovers certain renewable procurement costs from customers through a rate rider.  See Renewable Energy Rider</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">below. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in PNM&#8217;s approved procurement plans are the following renewable energy resources:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font><font style="font-family:inherit;font-size:10pt;"> MW of PNM-owned solar PV facilities, including </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;"> MW constructed in 2015 that were identified as a cost-effective resource in PNM&#8217;s application to retire SJGS Units 2 and 3 (Note 11) and are being recovered in the base rates provided in the NM 2015 Rate Case discussed above rather than through PNM&#8217;s renewable energy rider; and an additional procurement of </font><font style="font-family:inherit;font-size:10pt;">1.5</font><font style="font-family:inherit;font-size:10pt;"> MW of PNM-owned solar PV facilities to supply the energy sold under PNM&#8217;s voluntary renewable energy tariff  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA through 2027 for the output of New Mexico Wind, having an aggregate capacity of </font><font style="font-family:inherit;font-size:10pt;">204</font><font style="font-family:inherit;font-size:10pt;"> MW and a PPA through 2035 for the output of Red Mesa Wind, an existing wind generator having an aggregate capacity of </font><font style="font-family:inherit;font-size:10pt;">102</font><font style="font-family:inherit;font-size:10pt;"> MW </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA for the output of the Lightning Dock Geothermal facility; the geothermal facility began providing power to PNM in January 2014; the current capacity of the facility is </font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;"> MW </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Solar distributed generation, aggregating </font><font style="font-family:inherit;font-size:10pt;">81.6</font><font style="font-family:inherit;font-size:10pt;"> MW at September 30, 2017,  owned by customers or third parties from whom PNM purchases any net excess output and RECs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Solar and wind RECs as needed to meet the RPS requirements </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2016 renewable energy procurement plan on June 1, 2015.  The plan met RPS and diversity requirements within the RCT in 2016 and 2017 using existing resources and did not propose any significant new procurements.  The NMPRC approved the plan in November 2015, and, after granting a rehearing motion to consider issues regarding the rate treatment of certain customers eligible for a cap on, or an exemption from, RPS procurement, the NMPRC again approved the plan in an order issued on February 3, 2016.  The NMPRC deferred issues related to capped and exempt customers to PNM&#8217;s NM 2015 Rate Case and to a new case, which the NMPRC subsequently initiated through issuance of an order to show cause.  The NM 2015 Rate Case and show cause proceeding were to examine whether PNM miscalculated the FPPAC factor and base fuel costs in its treatment of renewable energy costs and application of the renewable procurement cost caps and exemptions.  The show cause proceeding was stayed pending the outcome of the NM 2015 Rate Case.  The September 28, 2016 order in the NM 2015 Rate Case directed that the cost of New Mexico Wind be recovered through PNM&#8217;s renewable rider, rather than the FPPAC, and ordered certain other modifications regarding the accounting for renewable energy in PNM&#8217;s FPPAC.  These modifications do not affect the amount of fuel and purchased power or renewable costs that PNM will collect.  No action has been taken in the show cause proceeding and PNM cannot predict its outcome.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2017 renewable energy procurement plan on June 1, 2016.  The plan met RPS and diversity requirements for 2017 and 2018 using existing resources and PNM did not propose any significant new procurements.  PNM projected that its plan would slightly exceed the RCT in 2017 and would be within the RCT in 2018.  PNM requested a variance from the RCT in 2017 to the extent the NMPRC determined a variance was necessary.  A public hearing was held on September 26, 2016.  On October 21, 2016, the Hearing Examiner issued a recommended decision recommending that the plan be approved as filed and also found that a variance from the RCT was not required.  The NMPRC approved the recommended decision on November 23, 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 1, 2017, PNM filed its 2018 renewable energy procurement plan.  PNM is requesting approval to procure an additional </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> GWh in 2019 and </font><font style="font-family:inherit;font-size:10pt;">105</font><font style="font-family:inherit;font-size:10pt;"> GWh in 2020 from a re-powering of New Mexico Wind; approval to procure an additional </font><font style="font-family:inherit;font-size:10pt;">55</font><font style="font-family:inherit;font-size:10pt;"> GWh in 2019 and </font><font style="font-family:inherit;font-size:10pt;">77</font><font style="font-family:inherit;font-size:10pt;"> GWh in 2020 from a re-powering of Lightning Dock Geothermal; approval to procure </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;"> MW of new solar facilities to be constructed beginning in 2018; and various other requests, including the continuation of customer REC purchase programs and other purchases of RECs to ensure annual compliance with the RPS.  PNM&#8217;s proposed procurement cost for 2018 and 2019 will be within the RCT.  The plan is also seeking a variance from the &#8220;other&#8221; diversity category in 2018 due to a revised production forecast of the Lightning Dock Geothermal facility in 2018.  PNM also requested to adjust its annual renewable energy rate rider to collect the costs of renewable resources.  On June 14, 2017, the NMPRC issued an initial order appointing a Hearing Examiner and suspending the proposed rate rider adjustment.  A public hearing on the application was held in September 2017.  On October 17, 2017, the Hearing Examiner issued a recommended decision that PNM&#8217;s 2018 renewable energy procurement plan be approved by the NMPRC, except for the re-powering of Lightning Dock Geothermal and PNM&#8217;s request to procure </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;"> MW of new solar facilities.   The Hearing Examiner recommended that the PPA for the output of energy from Lightning Dock Geothermal be terminated effective January 1, 2018.  The Hearing Examiner also recommended that the </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;"> MW solar projects not be approved and that PNM be required to issue another all-renewables RFP within </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> days of the issuance of a final order allowing developers to utilize PNM-owned sites to construct facilities, the output from which facilities would be sold to PNM through PPAs.  PNM strongly disagrees with the Hearing Examiner&#8217;s recommendations and believes they are unlawful and against the weight of evidence.  Exceptions to the recommended decision are due on October 27, 2017.  PNM will file its exceptions timely and will vigorously contest the Hearing Examiner&#8217;s proposals regarding Lightning Dock Geothermal and the requirement that PNM allow developers to construct renewable facilities on PNM-owned sites.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Renewable Energy Rider </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC has authorized PNM to recover certain renewable procurement costs through a rate rider billed on a per KWh basis.  In PNM&#8217;s NM 2015 Rate Case, the NMPRC authorized continuation of the renewable rider.  PNM recorded revenues from the rider of </font><font style="font-family:inherit;font-size:10pt;">$11.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$10.7 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended September 30, 2017 and 2016 and </font><font style="font-family:inherit;font-size:10pt;">$32.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$27.3 million</font><font style="font-family:inherit;font-size:10pt;"> in the nine months ended September 30, 2017 and 2016.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In its 2016 renewable energy procurement plan case, PNM proposed to collect </font><font style="font-family:inherit;font-size:10pt;">$42.4 million</font><font style="font-family:inherit;font-size:10pt;"> in 2016.  The 2016 rider adjustment was approved as part of the order issued February 3, 2016 approving the 2016 renewable energy plan.  In its 2017 renewable energy procurement plan, PNM proposed to collect </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> through the rider in 2017.  The increase, as compared with the amount the NMPRC approved for recovery through the rider in 2016, was due to recovering the costs of energy from New Mexico Wind through the rider, rather than through the FPPAC in compliance with the NMPRC&#8217;s order in PNM&#8217;s NM 2015 Rate Case.  The 2017 rider adjustment was approved in the November 23, 2016 order that approved the 2017 renewable energy plan.  On February 28, 2017, PNM filed a reconciliation of 2017 revenue requirement and proposed a revision to the rider that would recover </font><font style="font-family:inherit;font-size:10pt;">$42.7 million</font><font style="font-family:inherit;font-size:10pt;"> during 2017.  In its 2018 renewable energy procurement plan case, PNM proposes to collect </font><font style="font-family:inherit;font-size:10pt;">$43.5 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the renewable rider, if PNM&#8217;s earned rate of return on jurisdictional equity in a calendar year, adjusted for weather and other items not representative of normal operations, exceeds the NMPRC-approved rate by </font><font style="font-family:inherit;font-size:10pt;">0.5%</font><font style="font-family:inherit;font-size:10pt;">, PNM is required to refund the excess to customers during May through December of the following year.  PNM&#8217;s annual compliance filings with the NMPRC show that its rate of return on jurisdictional equity did not exceed the limitation through 2016. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency and Load Management</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Program Costs and Incentives</font></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Public utilities are required by the Efficient Use of Energy Act to achieve specified levels of energy savings and to obtain NMPRC approval to implement energy efficiency and load management programs.  The act sets an annual program budget equal to </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> of an electric utility&#8217;s annual revenue.  PNM&#8217;s costs to implement approved programs are recovered through a rate rider. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 15, 2016, PNM filed an application for energy efficiency and load management programs to be offered in 2017.  The proposed program portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> programs with a total budget of </font><font style="font-family:inherit;font-size:10pt;">$28.0 million</font><font style="font-family:inherit;font-size:10pt;">.  The application also sought approval of an incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;"> based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">75</font><font style="font-family:inherit;font-size:10pt;"> GWh.  The actual incentive would be based on actual savings achieved.  On January 11, 2017, the NMPRC approved an unopposed stipulation that established a method to ensure that funding of PNM&#8217;s energy efficiency program is equal to </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> of retail revenues, with an estimated 2017 energy efficiency funding level of </font><font style="font-family:inherit;font-size:10pt;">$26.0 million</font><font style="font-family:inherit;font-size:10pt;">, and approved a sliding scale profit incentive with a base level of </font><font style="font-family:inherit;font-size:10pt;">7.1%</font><font style="font-family:inherit;font-size:10pt;"> of program costs, equal to </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">, if PNM achieves a minimum proscribed level of energy savings, increasing to a maximum of </font><font style="font-family:inherit;font-size:10pt;">9.0%</font><font style="font-family:inherit;font-size:10pt;"> depending on actual energy savings achieved above the minimum.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 14, 2017, PNM filed an application for energy efficiency and load management programs to be offered in 2018.  The proposed program portfolio consists of a continuation of the </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> programs approved in the 2016 application with a total budget of </font><font style="font-family:inherit;font-size:10pt;">$25.1 million</font><font style="font-family:inherit;font-size:10pt;">.  The application also seeks approval of a sliding scale incentive with a base incentive of </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;"> if PNM is able to achieve saving of </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;"> GWh in 2018.  As proposed, PNM would have earned an incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;"> GWh.  The actual incentive would be based on actual savings achieved.  PNM proposed to continue the same </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> programs and a similar incentive mechanism in 2019, with a proposed budget of </font><font style="font-family:inherit;font-size:10pt;">$28.2 million</font><font style="font-family:inherit;font-size:10pt;"> and a base level incentive of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">.  On July 26, 2017, PNM, NMPRC staff, and other parties filed a stipulation that would resolve all issues in the case if approved by the NMPRC.  Under the settlement terms, all of PNM&#8217;s proposed programs would be approved with limited modifications and PNM&#8217;s base level incentive would be </font><font style="font-family:inherit;font-size:10pt;">$1.7 million</font><font style="font-family:inherit;font-size:10pt;"> in 2018.  PNM would earn an incentive of </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;"> based on targeted savings of </font><font style="font-family:inherit;font-size:10pt;">69</font><font style="font-family:inherit;font-size:10pt;"> GWh.  A public hearing was held in September 2017.  PNM is unable to predict the outcome of this proceeding. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency Rulemaking</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2012, the NMPRC opened an energy efficiency rulemaking docket to potentially address decoupling and incentives.  Workshops to develop a proposed rule have been held, but no order proposing a rule has been issued.  PNM is unable to predict the outcome of this matter. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 25, 2017, the NMPRC opened another energy efficiency rulemaking docket to consider whether applications for approval of energy efficiency and load management programs should be filed every </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> years rather than annually.  Written comments were filed in the rulemaking docket, and a public comment hearing was held on March 31, 2017.  On June 21, 2017, the NMPRC issued an order that modifies the filing frequency for utility energy efficiency plans to every </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> years.  </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also on June 21, 2017, the NMPRC issued a new notice of proposed rulemaking to consider possible changes affecting a utility&#8217;s ability to modify NMPRC approved funding levels by up to </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> between energy efficiency program applications.  This rulemaking is in response to consensus changes proposed by parties in the January 25, 2017 rulemaking.  On September 13, 2017, the NMPRC approved the proposed rule.  Under the new rule, PNM&#8217;s next application for energy efficiency and load management programs will be made in 2020 for programs to be offered beginning in 2021.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Integrated Resource Plans </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NMPRC rules require that investor owned utilities file an IRP every </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> years.  The IRP is required to cover a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">20</font><font style="font-family:inherit;font-size:10pt;">-year planning period and contain an action plan covering the first </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> years of that period.  </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2014 IRP</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2014 IRP on July 1, 2014.  The </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year action plan was consistent with the replacement resources identified in PNM&#8217;s application to retire SJGS Units 2 and 3.  PNM indicated that it planned to meet its anticipated long-term resource needs with a combination of additional renewable energy resources, energy efficiency, and natural gas-fired facilities.  Consistent with statute and NMPRC rule, PNM incorporated a public advisory process into the development of its 2014 IRP.  On July 31, 2014, several parties requested the NMPRC not to accept the 2014 IRP as compliant with NMPRC rule because to do so could affect the then pending proceeding on PNM&#8217;s application to abandon SJGS Units 2 and 3 and for CCNs for certain replacement resources (Note 11) and because they asserted that the 2014 IRP did not conform to the NMPRC&#8217;s IRP rule.  Certain parties also asked that further proceedings&#160;on the 2014 IRP be held in abeyance until the conclusion of the SJGS abandonment/CCN proceeding.  The NMPRC issued an order in August 2014 that docketed a case to determine whether the 2014 IRP complied with applicable NMPRC rules.  The order also held the case in abeyance pending the issuance of final, non-appealable orders in PNM&#8217;s 2015 renewable energy procurement plan case and its application to retire SJGS Units 2 and 3.  The order regarding PNM&#8217;s application to abandon SJGS Units 2 and 3 described in Note 11 states that the NMPRC will issue a Notice of Proposed Dismissal in the 2014 IRP docket.  On May 4, 2016, the NMPRC issued the Notice of Proposed Dismissal, stating that the docket would be closed with prejudice within </font><font style="font-family:inherit;font-size:10pt;">thirty</font><font style="font-family:inherit;font-size:10pt;"> days unless good cause was shown why the docket should remain open.  On May 31, 2016, NEE filed a request to hold the protests filed against PNM&#8217;s 2014 IRP in abeyance or to dismiss those protests without prejudice.  PNM responded on June 13, 2016 and requested that the NMPRC dismiss the case with prejudice.  The NMPRC has not yet acted on its Notice of Proposed Dismissal or the request filed on May 31, 2016.  PNM cannot predict the outcome of this matter.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2017 IRP </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM filed its 2017 IRP on July 3, 2017.  The 2017 IRP addresses a </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year planning period, from 2017 through 2036, and includes an action plan describing PNM&#8217;s plan to implement the 2017 IRP in the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">-year period following its filing.  PNM held its initial public advisory meeting on the 2017 IRP on June 30, 2016 and hosted </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> meetings statewide to present details of the process and receive public comment.  The NMPRC&#8217;s order concerning SJGS&#8217; compliance with the BART requirements of the CAA discussed in Note 11 requires PNM to make a filing in 2018 to determine the extent to which SJGS Units 1 and 4 should continue serving PNM&#8217;s retail customers&#8217; needs after June 30, 2022.  The 2017 IRP analyzed several scenarios utilizing assumptions that PNM continues service from its SJGS capacity beyond mid-2022 and that PNM retires its capacity after mid-2022.  Key findings of the 2017 IRP include:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retiring PNM&#8217;s share of SJGS in 2022 after the expiration of the current operating and coal supply agreements would provide long-term cost savings for PNM&#8217;s customers</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM exiting its ownership interest in Four Corners after its current coal supply agreement expires in 2031 would also save customers money </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The best mix of new resources to replace the retired coal generation would include solar energy and flexible natural gas-fired peaking capacity; the mix could include energy storage if the economics support it and wind energy provided additional transmission capacity becomes available </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant increases in future wind energy supplies will likely require new transmission capacity to be built from eastern New Mexico to PNM&#8217;s service territory</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should retain the currently leased capacity in PVNGS, which would avoid replacement with carbon-emitting generation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should continue to develop and implement energy efficiency and demand management programs</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should assess the costs and benefits of participating in the California Energy Imbalance Market</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM should analyze its current Reeves Generating Station to consider possible technology improvements to phase out the older generators and replace them with new, more flexible supplies or energy storage </font></div></td></tr></table><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Protests to the 2017 IRP were filed by several parties.  The issues addressed in the protests included the future of PNM&#8217;s interests in SJGS, Four Corners, and PVNGS and the timing of future procurement of renewable resources.  The NMPRC has assigned the case to a Hearing Examiner and a briefing schedule has been established to determine the appropriate scope of the case.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The 2017 IRP is not a final determination of PNM&#8217;s future generation portfolio.  Retiring PNM&#8217;s share of SJGS capacity and exiting Four Corners would require NMPRC approval of abandonment filings, which PNM would make at appropriate times in the future.  Likewise, NMPRC approval of new generation resources through CCN filings would be required.  PNM cannot predict the ultimate outcome of the 2017 IRP process or whether the NMPRC will approve subsequent filings that would encompass actions to implement the conclusions of the 2017 IRP.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">San Juan Generating Station Units 2 and 3 Retirement </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 16, 2015, the NMPRC issued an order approving PNM&#8217;s retirement of SJGS Units 2 and 3 on December 31, 2017.  On January 14, 2016, NEE filed an appeal of the order with the NM Supreme Court.  Additional information concerning the NMPRC filing and related proceedings is set forth in Note 11. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Application for Certificate of Convenience and Necessity</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 26, 2016, PNM filed an application for an </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> MW gas plant to be located at SJGS, with an anticipated June 2018 in-service date.  On October 13, 2016, PNM filed a motion to vacate the procedural schedule to allow PNM to assess the continued need for the plant in light of possible changed circumstances affecting loads and resources.  On October 28, 2016, PNM filed a motion to withdraw its application and close the docket.  As grounds for the motion, PNM stated that, based on its updated peak demand forecast, the </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> MW plant would not be needed in 2018.  On December 1, 2016, the Hearing Examiner issued a recommended decision that would grant PNM&#8217;s motion to withdraw its application.  On May 24, 2017, the NMPRC issued its order approving the recommended decision and granting the motion to withdraw the application.  PNM will continue to evaluate its resource needs as part of its ongoing resource planning activities. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advanced Metering Infrastructure Application</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 26, 2016, PNM filed an application with the NMPRC requesting approval of a project to replace its existing customer metering equipment with Advanced Metering Infrastructure (&#8220;AMI&#8221;).  The application asks the NMPRC to authorize the recovery of the cost of the project, up to </font><font style="font-family:inherit;font-size:10pt;">$87.2 million</font><font style="font-family:inherit;font-size:10pt;">, in future ratemaking proceedings, as well as to approve the recovery of the remaining undepreciated investment in existing metering equipment estimated to be approximately </font><font style="font-family:inherit;font-size:10pt;">$33 million</font><font style="font-family:inherit;font-size:10pt;"> at the date of implementation and the costs of customer education and severances for affected employees.  On August 5, 2016, PNM filed a motion to suspend its AMI application so that it could evaluate the effect of the order in the NM 2015 Rate Case.  The NMPRC approved this motion.  On November 22, 2016, PNM filed a motion to lift the suspension and establish a new procedural schedule.  In December 2016, the Hearing Examiner issued an order lifting the suspension and issued a new procedural schedule.  Hearings in this matter were held in February and March 2017.  During the March 2017 hearing, it was disclosed that the proposed meter contractor may not have complied with certain New Mexico contractor licensing requirements.  PNM subsequently filed testimony regarding that matter as ordered by the Hearing Examiner.  On May 12, 2017, PNM requested a new procedural schedule to allow it to issue a new RFP for contracting work related to the meter installation and to update its cost-benefit analysis.  PNM subsequently updated the amount of the requested recovery for the anticipated cost of the project to </font><font style="font-family:inherit;font-size:10pt;">$95.1 million</font><font style="font-family:inherit;font-size:10pt;">.  An additional hearing was held on October 25-26, 2017.   PNM does not intend to proceed with the AMI project unless the NMPRC approves the entire application.  PNM cannot predict the outcome of this matter. </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Facebook, Inc. Data Center Project</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 8, 2016, PNM filed an application with the NMPRC for approval of:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Two</font><font style="font-family:inherit;font-size:10pt;"> new electric service rates </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A PPA under which PNM would purchase renewable energy from PNMR Development </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A special service contract to provide electric service to a prospective new customer, a large Internet company, that was considering locating a data center in PNM&#8217;s service area </font></div></td></tr></table><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The NMPRC approved PNM&#8217;s application on August 17, 2016.   At that time, the new customer was also considering the state of Utah for the location of the data center.  On September 15, 2016, PNM filed a notice informing the NMPRC that the customer, Facebook, Inc., had announced that it was selecting a site in New Mexico for its new data center.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Facebook&#8217;s service requirements include the acquisition by PNM of a sufficient amount of new renewable energy resources and RECs to match the energy and capacity requirements of the data center.  PNM&#8217;s initial procurement will be through a PPA with PNMR Development for the energy production from </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> MW of new solar capacity that PNMR Development will construct and own.  The cost of the PPA will be passed through to Facebook under a new rate rider.  A new special service rate will be applied to Facebook&#8217;s energy consumption in those hours of the month when their consumption exceeds the energy production from the new renewable resources.  Construction of the first </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> MW of solar capacity is expected to be completed in early 2018, which will coincide with initial operations of the data center, with the remainder of the capacity completed by mid-2018. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The approval order included a provision requiring that in any future rate case filed by PNM requesting an increase in rates of any other customer class, the NMPRC shall determine whether or not any customer class will be subject to increased rates due to Facebook&#8217;s fixed &#8220;Contribution to Production Charge for System Supplied Energy&#8221; and, if so, the NMPRC shall determine whether or not PNM will be allowed to recover such increased costs in the form of increased rates to other customers.  In the NM 2016 Rate Case filing discussed above, PNM indicated the Facebook arrangement did not result in increased rates to any other customer class. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hazard Sharing Agreements</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 1, 2016, PNM and Tri-State entered into a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year hazard sharing agreement, which expired on May 31, 2017.&#160; PNM and Tri-State entered into an additional agreement, under substantially identical terms, for a term of </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> years beginning June 1, 2017, subject to NMPRC approval.  NMPRC approval was not required for the </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year agreement, but was required for the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year agreement.  On May 10, 2017, the NMPRC issued an order approving the </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;">-year agreement. </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under these agreements, each party sells the other party </font><font style="font-family:inherit;font-size:10pt;">100</font><font style="font-family:inherit;font-size:10pt;"> MW of capacity and energy from each party&#8217;s designated primary resources, which is SJGS Unit 4 for PNM and Springerville Generating Station Unit 3 for Tri-State, on a unit contingent basis subject to certain performance guarantees.&#160; The agreements reduce the magnitude of each party&#8217;s single largest generating hazard and assist in enhancing the reliability and efficiency of their respective operations.  Both purchases and sales are made at the same market index price.  PNM passes the sales and purchases through to customers under PNM&#8217;s FPPAC.&#160; Information about the purchases and sales is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.50682261208577%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Purchases</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">615.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">632.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">268.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Firm-Requirements Wholesale Customers </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Navopache Electric Cooperative, Inc.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed in Note 17 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, NEC filed a petition on April 8, 2015 for a declaratory order requesting that FERC find that NEC could purchase an unlimited amount of power and energy from third party supplier(s) under its PSA with PNM.  Following proceedings before a settlement judge, PNM and NEC entered into, and filed with FERC, a settlement agreement on October 29, 2015 that includes certain amendments to the PSA and related contracts on file with FERC.  FERC approved the settlement on January 21, 2016.  Under the settlement agreement, PNM served all of NEC&#8217;s load in 2016 at reduced demand and energy rates from those under the PSA.  Beginning January 1, 2016, NEC also paid certain third-party transmission costs that it only partially paid previously.  The PSA and related transmission agreements terminated on December 31, 2016.  In 2017, PNM is serving </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> MW of NEC&#8217;s load under a short term coordination tariff at a rate lower than provided under the PSA.  Amounts billed to NEC were </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended September 30, 2017 and 2016 and </font><font style="font-family:inherit;font-size:10pt;">$3.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$14.8 million</font><font style="font-family:inherit;font-size:10pt;"> in the nine months ended September 30, 2017 and 2016.  PNM&#8217;s NM 2016 Rate Case discussed above reflects a reallocation of costs among regulatory jurisdictions reflecting the termination of the contract to serve NEC.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advanced Meter System Deployment </font></div><div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2011, the PUCT approved a settlement and authorized an AMS deployment plan that permits TNMP to collect </font><font style="font-family:inherit;font-size:10pt;">$113.4 million</font><font style="font-family:inherit;font-size:10pt;"> in deployment costs through a surcharge over a </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;">-year period.  TNMP began collecting the surcharge on August&#160;11, 2011.  Deployment of advanced meters began in September 2011.  TNMP completed its mass deployment in 2016 and has installed more than </font><font style="font-family:inherit;font-size:10pt;">242,000</font><font style="font-family:inherit;font-size:10pt;"> advanced meters.  </font></div><div style="line-height:115%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PUCT adopted a rule creating a non-standard metering service for retail customers choosing to decline standard metering service via an advanced meter.  The cost of providing non-standard metering service is to be borne by opt-out customers through an initial fee and ongoing monthly charge.  As approved by the PUCT, TNMP is recovering </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> in costs through initial fees ranging from </font><font style="font-family:inherit;font-size:10pt;">$63.97</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">$168.61</font><font style="font-family:inherit;font-size:10pt;"> and ongoing annual expenses of </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;"> through a </font><font style="font-family:inherit;font-size:10pt;">$36.78</font><font style="font-family:inherit;font-size:10pt;"> monthly fee.  These amounts presume up to </font><font style="font-family:inherit;font-size:10pt;">1,081</font><font style="font-family:inherit;font-size:10pt;"> consumers will elect the non-standard meter service, but TNMP has the right to adjust the fees if the number of anticipated consumers differs from that estimate.  As of October 20, 2017, </font><font style="font-family:inherit;font-size:10pt;">99</font><font style="font-family:inherit;font-size:10pt;"> consumers have made the election.  TNMP does not expect the implementation of non-standard metering service to have a material impact on its financial position, results of operations, or cash flows.</font></div><div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;padding-left:36px;text-indent:-36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Transmission Cost of Service Rates </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP can update its transmission rates twice per year to reflect changes in its invested capital.  Updated rates reflect the addition and retirement of transmission facilities, including appropriate depreciation, federal income tax and other associated taxes, and the approved rate of return on such facilities.  The following sets forth TNMP&#8217;s recent interim transmission cost rate increases:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:42.10526315789473%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effective Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Approved Increase in Rate Base</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual Increase in Revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 10, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 23, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 8, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 14, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 13, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 23, 2017, the PUCT staff filed proposed amendments to the interim transmission cost of service filing rule.  If approved, the amendments could reduce the frequency of such filings to once per year.  The amendments could also reduce the amount recovered by requiring that changes in accumulated deferred income taxes be considered and would preclude filings by utilities earning more than their authorized rate of return using weather-normalized data.  The PUCT has not yet approved the amendments for publication.  Initial comments on the proposed rule will be due </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> days after publication.  TNMP cannot predict the outcome of this matter.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Periodic Distribution Rate Adjustment</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PUCT rules permit interim rate adjustments to reflect changes in investments in distribution assets.  Distribution utilities may file for a periodic rate adjustment between April 1 and April 8 of each year as long as the electric utility is not earning more than its authorized rate of return using weather-normalized data.  However, TNMP has not made a filing to adjust rates for additional investments in distribution assets.  In connection with TNMP&#8217;s deployment of its advance meter system discussed above, TNMP committed to file a general rate case no later than September 1, 2018.  TNMP has also committed that it would not file a request for an increase in rates to reflect changes in investments in distribution assets until after the 2018 general rate case.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Competition Transition Charge Compliance Filing</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the adoption of legislation that deregulated electric utilities operating within ERCOT, TNMP was allowed to recover its stranded costs through the CTC and to also recover a carrying charge on the CTC.  Further, the order authorizing TNMP's CTC included a true-up provision requiring an adjustment to the CTC due to a cumulative over- or under-collection of revenues, including interest, greater-than or equal to </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;"> of the most recent annual CTC funding amount.  On March 13, 2017, TNMP made a filing to true-up the CTC.  The requested adjustment reduces the collection of the amortization by </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> annually.  On April 3, 2017, the PUCT staff filed its recommendation to approve the requested adjustment.  The change was approved on April 5, 2017 and went into effect on June 1, 2017. </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Energy Efficiency</font></div><div style="line-height:115%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP recovers the costs of its energy efficiency programs through an energy efficiency cost recovery factor (&#8220;EECRF&#8221;), which includes projected program costs, under or over collected costs from prior years, rate case expenses, and performance bonuses (if the programs exceed mandated savings goals).  On May 25, 2017, TNMP filed its request to adjust the EECRF to reflect changes in costs for 2018.  The total amount requested was </font><font style="font-family:inherit;font-size:10pt;">$6.0 million</font><font style="font-family:inherit;font-size:10pt;">, which included a performance bonus of </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> based on TNMP&#8217;s energy efficiency achievements in the 2016 plan year.  On September 28, 2017, the PUCT approved a settlement among the parties accepting TNMP&#8217;s filing without adjustment.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryAndRateMattersTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory And Rate Matters [Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryAndRateMattersTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatedOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatedOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>48
<FILENAME>R21.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850343312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2013, New Mexico House Bill 641 reduced the New Mexico corporate income tax rate from </font><font style="font-family:inherit;font-size:10pt;">7.6%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">5.9%</font><font style="font-family:inherit;font-size:10pt;">.  The rate reduction is being phased-in from 2014 to 2018.  In accordance with GAAP, PNMR and PNM adjusted accumulated deferred income taxes during the period that includes the date of enactment, which was in the year ended December 31, 2013, to reflect the tax rate at which the balances are expected to reverse.  At that time, the portion of the adjustment related to PNM&#8217;s regulated activities was recorded as a reduction in deferred tax liabilities, which was offset by an increase in a regulatory liability, on the assumption that PNM would be required to return the benefit to customers over time.  In addition, the portion of the adjustment that is not related to PNM&#8217;s regulated activities was recorded in PNMR&#8217;s Corporate and Other segment as a reduction in deferred tax assets and an increase in income tax expense.  Changes in the estimated timing of reversals of deferred tax assets and liabilities will result in refinements of the impacts of this change in tax rates being recorded periodically until 2018, when the rate reduction is fully phased in.  In the three months ended March 31, 2017 and 2016, PNM&#8217;s regulatory liability was reduced by </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$7.1 million</font><font style="font-family:inherit;font-size:10pt;">, which increased deferred tax liabilities.  Deferred tax assets not related to PNM&#8217;s regulatory activities were: reduced by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended March 31, 2017, increasing income tax expense by less than </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> for PNM and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the Corporate and Other segment; and decreased by </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended March 31, 2016, increasing income tax expense by </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> for PNM and reducing income tax expense by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the Corporate and Other segment.  In the stipulation filed in PNM&#8217;s NM 2016 Rate Case (Note 12), it is proposed that the benefit of the lower New Mexico corporate income tax rate be returned to customers over a </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year period beginning January 1, 2018.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2008, fifty percent bonus tax depreciation was enacted as a temporary </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year stimulus measure as part of the Economic Stimulus Act of 2008.  Bonus tax depreciation in various forms has been continuously extended since that time.  As a result of the net operating loss carryforwards for income tax purposes created by bonus depreciation, and reduced future income taxes payable resulting from New Mexico House Bill 641, certain tax carryforwards are not expected to be utilized before their expiration.  In accordance with GAAP, PNMR and PNM have impaired the tax carryforwards which were not expected to be utilized prior to their expiration.  The Company has not recorded any impairments in 2016 or 2017.  The NMPRC&#8217;s final order in PNM&#8217;s NM 2015 Rate Case (Note 12) approved PNM&#8217;s request to record a regulatory asset to recover a 2014 impairment of PNM&#8217;s New Mexico net operating loss carryforward resulting from the extension of bonus depreciation.  The impact, net of federal income taxes, amounts to </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">, which is reflected as a reduction of income tax expense on the Condensed Consolidated Statement of Earnings in the three months ended September 30, 2016.</font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company undertook an analysis of interest income and interest expense applicable to federal income tax matters.  The analysis encompassed the impacts of IRS examinations, amended income tax returns, and filings for carrybacks of tax matters to previous taxable years applicable to all years not closed under the IRS rules.  As a result of this effort, PNMR received net refunds from the IRS of </font><font style="font-family:inherit;font-size:10pt;">$6.5 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended June 30, 2016.  Of the refunds, </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded as a reduction of interest receivable and </font><font style="font-family:inherit;font-size:10pt;">$5.1 million</font><font style="font-family:inherit;font-size:10pt;"> was recorded as interest income, which was partially offset by </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> of interest expense.  In addition, PNMR incurred </font><font style="font-family:inherit;font-size:10pt;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;"> in professional fees related to the analysis.  Of the net pre-tax impacts aggregating </font><font style="font-family:inherit;font-size:10pt;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> is reflected in the PNM segment, </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;"> in the TNMP segment, and </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> in the Corporate and Other segment.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note 8 for a discussion of the impacts on income tax expense resulting from the adoption of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;-</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Stock Compensation (Topic 718).</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>49
<FILENAME>R22.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6875917232">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Transactions<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsDisclosureTextBlock', window );">Related Party Transactions</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related Party Transactions</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR, PNM, and TNMP are considered related parties as defined under GAAP, as is PNMR Services Company, a wholly-owned subsidiary of PNMR that provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements.  These services are billed at cost on a monthly basis to the business units.  The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:  </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:346px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Services billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,828</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,593</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,771</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">347</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">106</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax sharing payments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -URI http://asc.fasb.org/topic&amp;trid=2122745<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>50
<FILENAME>R23.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862627008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>Goodwill and Intangible Assets Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillDisclosureTextBlock', window );">Goodwill</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The excess purchase price over the fair value of the assets acquired and the liabilities assumed by PNMR for its 2005 acquisition of TNP was recorded as goodwill and was pushed down to the businesses acquired.  In 2007, the TNMP assets that were included in its New Mexico operations, including goodwill, were transferred to PNM.  PNMR&#8217;s reporting units that currently have goodwill are PNM and TNMP.  Additional information concerning the Company&#8217;s goodwill is contained in Note 18 of Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP requires the Company to evaluate its goodwill for impairment annually at the reporting unit level or more frequently if circumstances indicate that the goodwill may be impaired.  Application of the impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, and determination of the fair value of each reporting unit.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP provides that in certain circumstances an entity may perform a qualitative analysis to conclude that the goodwill of a reporting unit is not impaired.  Under a qualitative assessment an entity considers macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, other relevant entity-specific events affecting a reporting unit, as well as whether a sustained decrease (both absolute and relative to its peers) in share price has occurred.  An entity considers the extent to which each of the adverse events and circumstances identified could affect the comparison of a reporting unit&#8217;s fair value with its carrying amount.  An entity places more weight on the events and circumstances that most affect a reporting unit&#8217;s fair value or the carrying amount of its net assets.  An entity also considers positive and mitigating events and circumstances that may affect its determination of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  An entity evaluates, on the basis of the weight of evidence, the significance of all identified events and circumstances in the context of determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.   A quantitative analysis is not required if, after assessing the totality of events or circumstances, an entity determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In other circumstances, an entity may perform a quantitative analysis to reach the conclusion regarding impairment with respect to a reporting unit.  An entity may choose to perform a quantitative analysis without performing a qualitative analysis and may perform a qualitative analysis for certain reporting units, but a quantitative analysis for others.  The first step of the quantitative impairment test requires an entity to compare the fair value of the reporting unit with its carrying value, including goodwill.  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, GAAP currently requires the entity to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise would require the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  As further discussed under New Accounting Pronouncements in Note 1, a new accounting pronouncement changes how a goodwill impairment is determined by eliminating the second step of the quantitative impairment analysis.    </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For its annual evaluations performed as of April 1, 2016, PNMR performed quantitative analyses for both the PNM and TNMP reporting units.  For the quantitative analyses, a discounted cash flow methodology was primarily used to estimate the fair value of the reporting unit.  This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of long-term growth rates for the business, and determination of appropriate weighted average cost of capital for each reporting unit.  Changes in these estimates and assumptions could materially affect the determination of fair value and the conclusion of impairment.  The April 1, 2016 quantitative evaluations indicated the fair value of the PNM reporting unit, which has goodwill of </font><font style="font-family:inherit;font-size:10pt;">$51.6 million</font><font style="font-family:inherit;font-size:10pt;">, exceeded its carrying value by approximately </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;">.  The April 1, 2016 quantitative evaluation indicated the fair value of the TNMP reporting unit, which has goodwill of </font><font style="font-family:inherit;font-size:10pt;">$226.7 million</font><font style="font-family:inherit;font-size:10pt;">, exceeded its carrying value by approximately </font><font style="font-family:inherit;font-size:10pt;">32%</font><font style="font-family:inherit;font-size:10pt;">.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For its annual evaluations performed as of April 1, 2017, PNMR performed qualitative analyses for both the PNM and TNMP reporting units.  The qualitative analysis was performed by considering changes in the Company&#8217;s expectations of future financial performance since the April 1, 2016 quantitative analysis.  This analysis considered Company specific events such as the potential impacts of legal and regulatory matters discussed in Note 11 and Note 12, including the estimated impacts of the proposed revised stipulation in PNM&#8217;s NM 2016 Rate Case, the impacts of potential outcomes of the matters appealed to the NM Supreme Court under the NM 2015 Rate Case, and the impacts of changes in PNM&#8217;s resource needs based on PNM&#8217;s 2017 IRP.  This evaluation also considered changes in TNMP&#8217;s regulatory environment such as the PUCT&#8217;s proposed amendments to the interim transmission cost of service filing rule, as well as potential outcomes associated with TNMP&#8217;s general rate case filing, which the Company anticipates filing in 2018.  The qualitative analysis also considered market and macroeconomic factors including changes in anticipated growth rates, anticipated changes in the WACC, and changes in discount rates.  The Company also evaluated its stock price relative to historical performance, industry peers, and to major market indices, including an evaluation of the Company&#8217;s market capitalization relative to the carrying value of its reporting units.  Based on an evaluation of these and other factors, the Company determined it is not more likely than not that the April 1, 2017 carrying values of PNM or TNMP exceed their fair values.</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As indicated above, the annual evaluations performed as of April 1, 2017 and 2016 did </font><font style="font-family:inherit;font-size:10pt;">not</font><font style="font-family:inherit;font-size:10pt;"> indicate impairments of the goodwill of any of PNMR&#8217;s reporting units.  Since the April 1, 2017 annual evaluation, there have been no indications that the fair values of the reporting units with recorded goodwill have decreased below their carrying values.</font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillDisclosureTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -URI http://asc.fasb.org/subtopic&amp;trid=2144439<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillDisclosureTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>51
<FILENAME>R24.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6701369792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies and Responsibility for Financial Statements (Policies)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Principles of Consolidation</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Condensed Consolidated Financial Statements of each of PNMR, PNM, and TNMP include their accounts and those of subsidiaries in which that entity owns a majority voting interest.  PNM also consolidates Valencia (Note 5) and, through January 15, 2016, the PVNGS Capital Trust.  PNM owns undivided interests in several jointly-owned power plants and records its pro-rata share of the assets, liabilities, and expenses for those plants.  The agreements for the jointly-owned plants provide that if an owner were to default on its payment obligations, the non-defaulting owners would be responsible for their proportionate share of the obligations of the defaulting owner.  In exchange, the non-defaulting owners would be entitled to their proportionate share of the generating capacity of the defaulting owner.  There have been </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> such payment defaults under any of the agreements for the jointly-owned plants.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain PNMR shared services&#8217; expenses, which represent costs that are primarily driven by corporate level activities, are charged to the business segments.  These services are billed at cost and are reflected as general and administrative expenses in the business segments.  Other significant intercompany transactions between PNMR, PNM, and TNMP include interest and income tax sharing payments, as well as equity transactions.  All intercompany transactions and balances have been eliminated.</font></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityPolicyTextBlock', window );">Dividends on Common Stock</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dividends on Common Stock</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends on PNMR&#8217;s common stock are declared by the Board.  The timing of the declaration of dividends is dependent on the timing of meetings and other actions of the Board.  This has historically resulted in dividends considered to be attributable to the second quarter of each year being declared through actions of the Board during the third quarter of the year. </font></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">New Accounting Pronouncements</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning recently issued accounting pronouncements that have not been adopted by the Company is presented below.  The Company does not expect difficulty in adopting these standards by their required effective dates.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2014-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Revenue from Contracts with Customers (Topic 606)</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09.  The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  ASU 2014-09 also revises the disclosure requirements regarding revenue.  Since the issuance of ASU 2014-09, the FASB issued a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year deferral of the effective date and has issued additional ASUs that clarify implementation guidance regarding principal versus agent considerations, licensing, and identifying performance obligations, as well as adding certain additional practical expedients.  When it becomes effective, the new standard will replace most existing revenue recognition guidance in GAAP.  ASU 2014-09 can be applied retrospectively to each prior period presented or on a modified retrospective basis with a cumulative effect adjustment to retained earnings on the date of adoption.  The Company anticipates adopting ASU 2014-09 on January 1, 2018, its required effective date, using the modified retrospective method of adoption.  </font></div><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has substantially completed its assessment of ASU 2014-09, but, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding certain industry specific issues.  These industry specific issues include the impacts of the new guidance on its accounting for CIAC and the presentation of revenues associated with &#8220;alternative revenue programs,&#8221; which primarily result from the Company&#8217;s approved rate rider programs.  Although conclusions have not been finalized, the Company does not anticipate a material change in revenue recognition under the new requirements.  The Company continues to analyze the financial statement presentation and disclosure requirements of ASU 2014-09.  </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-01 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Financial Instruments (Subtopic 825-10):</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, which makes targeted improvements to GAAP regarding financial instruments.  ASU 2016-01 eliminates the requirement to classify investments in equity securities with readily determinable fair values into trading or available-for-sale categories and requires those equity securities to be measured at fair value with changes in fair value recognized in net income rather than in OCI.  ASU 2016-01 also revises certain presentation and disclosure requirements.  Under ASU 2016-01, accounting for investments in debt securities remains essentially unchanged.  PNM currently classifies the investments held in the NDT and coal mine reclamation trusts as available-for-sale securities.  Unrealized losses on these securities are recorded immediately through earnings and unrealized gains are recorded in AOCI until the securities are sold.  The Company will adopt ASU 2016-01 on January 1, 2018, its required effective date.  At that time any unrealized gains, net of income taxes, recorded in AOCI related to equity securities will be reclassified to retained earnings as a cumulative effect adjustment and future changes in the value of equity securities will be recorded in earnings.  The amount of the cumulative adjustment upon adoption will depend on the amounts recorded in AOCI at that time, but PNM had unrealized gains on equity securities, net of income taxes, recorded in AOCI of </font><font style="font-family:inherit;font-size:10pt;">$9.8 million</font><font style="font-family:inherit;font-size:10pt;"> at September 30, 2017.</font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-02 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Leases (Topic 842)</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02 to provide guidance on the recognition, measurement, presentation, and disclosure of leases.  ASU 2016-02 will require that a liability be recorded on the balance sheet for all leases, based on the present value of future lease obligations.  A corresponding right-of-use asset will also be recorded.  Amortization of the lease obligation and the right-of-use asset for certain leases, primarily those classified as operating leases, will be on a straight-line basis, which is not expected to have a significant impact on the statements of earnings or cash flows, whereas other leases will be required to be accounted for as financing arrangements similar to the accounting treatment for capital leases under current GAAP.  ASU 2016-02 also revises certain disclosure requirements.  Although early adoption of the standard is permitted, the Company does not plan to adopt this standard prior to January 1, 2019, its required effective date.  At adoption of ASU 2016-02, leases will be recognized and measured as of the earliest period presented using a modified retrospective approach.  This approach requires all periods presented to be restated under the new guidance, but allows entities to apply certain practical expedients to arrangements that exist upon adoption or expired during the periods presented. </font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As further discussed in Note 7 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K, the Company has operating leases of office buildings, vehicles, and equipment.  The Company also routinely enters into land easements and right-of-way agreements, but only a limited number of these agreements are considered leases under the current guidance.  PNM also has operating lease interests in PVNGS Units 1 and 2 that will expire in January 2023 and 2024.  The Company, along with others in the utility industry, is continuing to monitor the activities of the FASB and other non-authoritative groups regarding industry specific issues for further clarification, including the treatment of land easements under ASU 2016-02.  The Company has formed a project team, conducted outreach activities across its lines of business, and made significant progress in identifying arrangements, in addition to its existing operating lease arrangements, that may be classified as leases under ASU 2016-02.  It is likely the arrangements currently classified as leases will continue to be recognized as leases under ASU 2016-02.  It is possible that other contractual arrangements not previously meeting the lease definition may contain elements that qualify as leases and that previously identified operating leases may be classified as financing leases under ASU 2016-02.  The Company is in the process of analyzing each of the identified contractual arrangement to determine if it contains lease elements under the new standard and quantifying the potential impacts of identified lease arrangements.  The Company is also evaluating the practical expedients, if any, it will elect upon adoption.  The Company anticipates this process will continue into 2018. </font></div><div style="line-height:120%;text-align:justify;text-indent:41px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-13 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, which changes the way entities recognize impairment of many financial assets, including accounts receivable and investments in debt securities, by requiring immediate recognition of estimated credit losses expected to occur over the remaining lives of the assets.  The Company anticipates adopting ASU 2016-13 on January 1, 2020 although early adoption is permitted beginning on January 1, 2019.  The Company is in the process of analyzing the impacts of this new standard, but does not anticipate it will have a significant impact on its financial statements.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-18 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230): Restricted Cash</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, which requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows and adds disclosures necessary to reconcile such amounts to cash and cash equivalents on the balance sheets.  ASU 2016-18 does not provide a definition of what should be considered restricted cash.  Upon adoption, ASU 2016-18 requires the use of a retrospective transition method for each period presented.  The Company continues to analyze the impacts of ASU 2016-18, but does not believe the new standard will have a significant impact on its financial statements.  The Company will adopt ASU 2016-18 on January 1, 2018, its required effective date. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-04 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Intangibles </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04 to simplify the annual goodwill impairment assessment process.  Currently, the first step of a quantitative impairment test requires an entity to compare the fair value of each reporting unit containing goodwill with its carrying value (including goodwill).  If as a result of this analysis, the entity concludes there is an indication of impairment in a reporting unit having goodwill, the entity is required to perform the second step of the impairment analysis, determining the amount of goodwill impairment to be recorded.  The amount is calculated by comparing the implied fair value of the goodwill to its carrying amount.  This exercise requires the entity to allocate the fair value determined in step one to the individual assets and liabilities of the reporting unit.  Any remaining fair value would be the implied fair value of goodwill on the testing date.  To the extent the recorded amount of goodwill of a reporting unit exceeds the implied fair value determined in step two, an impairment loss would be reflected in results of operations.  ASU 2017-04 eliminates the second step of the impairment analysis.  Accordingly, if the first step of a quantitative goodwill impairment analysis performed after adoption of ASU 2017-04 indicates that the fair value of a reporting unit is less than its carrying value, the goodwill of that reporting unit would be impaired to the extent of that difference.  The Company anticipates it will adopt ASU 2017-04 for impairment testing after January 1, 2020, its required effective date, although early adoption is permitted.  However, if there is an indication of potential impairment of goodwill as a result of an impairment assessment prior to 2020, the Company will evaluate the impact of ASU 2017-04 and could elect to early adopt this standard.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-07 </font><font style="font-family:inherit;font-size:10pt;">&#8211; </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 to improve the presentation of net periodic pension and other postretirement benefit costs.  Currently, the Company presents all of its net periodic benefit costs, net of amounts capitalized to construction and other accounts, as administrative and general expenses on its statements of earnings.  The amendments in ASU 2017-07 require the service cost component of net benefit costs be presented in the same line item or items as employees&#8217; compensation.  The other components of net benefit cost (the &#8220;non-service cost components&#8221;) are required to be presented in the income statement separately from the service cost component and outside of operating income with disclosures identifying where the non-service cost components have been presented.  ASU 2017-07 also limits capitalization to only the service cost component of benefit costs.  PNMR and its subsidiaries maintain qualified defined benefit pension and OPEB plans.  Currently, net periodic benefit cost for the Company&#8217;s defined benefit pension plans do not include a service cost component and there is only a minor amount of service cost for the OPEB plans.  Additional information about the Company&#8217;s benefit plans is discussed in Note 12 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 10.  ASU 2017-07 requires retrospective presentation of the service and non-service cost components of net benefit costs in the income statement and prospective application regarding the capitalization of only the service cost component of net benefit costs.  The Company believes PNM and TNMP can continue to capitalize the non-service cost components of net benefit costs as regulatory assets to the extent attributable to regulated operations and does not anticipate ASU 2017-07 will have a significant impact on its financial statements.  The Company will adopt the standard on January 1, 2018, its required effective date.</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2017-12 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12 to better align hedge accounting with an organization&#8217;s risk management activities and to simplify the application of hedge accounting guidance.  ASU 2017-12 is effective for the Company on January 1, 2019 although early adoption is permitted beginning on January 1, 2018.  As discussed in Note 6 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 9, the Company periodically enters into, and designates as cash flow hedges, interest rate swaps to hedge its exposure to changes in interest rates. In addition, as discussed in Note 8 of the Notes to Consolidated Financial Statements in the 2016 Annual Reports on Form 10-K and in Note 7, the Company enters into various derivative instruments to economically hedge the risk of changes in commodity prices, which are not designated as cash flow hedges.  The Company is evaluating the requirements of ASU 2017-12, but does not anticipate the changes will have a significant impact on the Company&#8217;s accounting treatment for derivative instruments or on its financial statements.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Standards Update 2016-09 </font><font style="font-family:inherit;font-size:10pt;">&#8211;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Compensation </font><font style="font-family:inherit;font-size:10pt;">&#8211;-</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting </font><font style="font-family:inherit;font-size:10pt;">to simplify several aspects of the accounting for share-based payment transactions and eliminate diversity in practice.  PNMR&#8217;s historical accounting for stock compensation complies with ASU 2016-09, except for the treatment of the income tax consequences of awards and the presentation of reductions to taxes payable on the Consolidated Statements of Cash Flows.  Prior to ASU 2016-09, benefits resulting from income tax deductions in excess of compensation cost recognized under GAAP for vested restricted stock and on exercised stock options (collectively, &#8220;excess tax benefits&#8221;) were recorded to equity provided the excess tax benefits reduced income taxes payable.  Deficiencies resulting from tax deductions related to stock awards that were below recognized compensation cost upon vesting and on canceled stock options were recorded to equity.  PNMR had not recorded excess tax benefits to equity since 2009 because it is in a net operating loss position for income tax purposes.  ASU 2016-09 requires that all excess tax benefits and deficiencies be recorded to tax expense and classified as cash flows from operating activities.</font></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationVariableInterestEntityPolicy', window );">Variable Interest Entities</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GAAP determines how an enterprise evaluates and accounts for its involvement with variable interest entities, focusing primarily on whether the enterprise has the power to direct the activities that most significantly impact the economic performance of a variable interest entity (&#8220;VIE&#8221;).  GAAP also requires continual reassessment of the primary beneficiary of a VIE. </font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=d3e5614-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.3A-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355100-122828<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.3A-02)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidationVariableInterestEntityPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=SL6759159-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=d3e5728-111685<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2AA<br> -Subparagraph a<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=SL6759068-111685<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationVariableInterestEntityPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18726-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21459-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R25.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850454336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock', window );">Computation of Earnings Per Share</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information regarding the computation of earnings per share is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:646px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:337px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:top;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Number of Common Shares:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding during period</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Vested awards of restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Basic</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,938</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dilutive Effect of Common Stock Equivalents:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options and restricted stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">263</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">377</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:37px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Shares &#8211; Diluted</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,154</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,117</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,132</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,130</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Earnings Per Share of Common Stock:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.68</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.67</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>53
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6872193072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock', window );">Summary of Financial Information by Segment</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present summarized financial information for PNMR by segment.  PNM and TNMP each operate in only one segment.  Therefore, tabular segment information is not presented for PNM and TNMP.  </font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR SEGMENT INFORMATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.54970760233918%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2017</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">327,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,646</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">419,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,367</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,381</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,265</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,367</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,391</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,847</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,424</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,633</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,821</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113,252</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,474</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(242</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">142,484</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,782</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,582</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,342</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(460</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,110</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,704</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,925</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,853</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,070</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,642</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,170</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,743</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,283</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,327</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,727</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,683</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,739</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854,909</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">257,489</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,112,398</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,635</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">310,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">608,274</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,306</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801,580</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">345,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,228</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,392</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,209</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,829</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">210,746</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,726</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,457</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,891</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,348</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,924</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(918</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(62,393</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,619</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,499</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,075</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,865</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,452</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,021</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,535</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,156</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2017:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,023,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,465,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,697,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.15984405458089%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Corporate</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">and Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Three Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,098</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">400,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88,565</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,201</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,766</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,711</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">291,608</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,342</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,184</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,006</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,312</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,354</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,351</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,057</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,359</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(345</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,071</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,095</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">855</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(184</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,651</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,213</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,467</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,906</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(380</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,859</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,343</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,053</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,990</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,556</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(132</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,853</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,418</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nine Months Ended September 30, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">780,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,498</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,026,726</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">222,376</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">282,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Utility margin</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">557,852</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186,376</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">744,228</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">314,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,261</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">376,028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,778</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,760</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,263</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,801</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,002</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214,399</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,549</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,420</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income (deductions)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,517</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,927</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(66,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,150</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,535</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(97,179</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,277</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153,567</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income taxes (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,131</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(497</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:13px;text-indent:-14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valencia non-controlling interest</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,037</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:10px;text-indent:-11px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsidiary preferred stock dividends</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:16px;text-indent:-16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment earnings (loss) attributable to PNMR</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,909</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,817</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(686</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,040</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">At September 30, 2016:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,799,012</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,366,840</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,818</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,403,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,632</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">226,665</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278,297</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -URI http://asc.fasb.org/extlink&amp;oid=68060357&amp;loc=d3e8906-108599<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=68060357&amp;loc=d3e8813-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=68060357&amp;loc=d3e8721-108599<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 22<br> -URI http://asc.fasb.org/extlink&amp;oid=68060357&amp;loc=d3e8736-108599<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>54
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850454336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Loss) (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock', window );">Schedule of Accumulated Other Comprehensive Income (Loss)</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information regarding accumulated other comprehensive income (loss) for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:86.35477582846003%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Income (Loss)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains on</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">for Cash</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liability</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Flow</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjustment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Hedges</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,320</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(96,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(92,451</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,088</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,249</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">484</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,765</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(187</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,302</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(278</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,024</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,546</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,862</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,961</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,823</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,182</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(93,787</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,501</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:584px;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:194px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:74px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:62px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:51px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:66px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:51px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,346</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(88,822</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,432</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Amounts reclassified from AOCI (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,135</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,007</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,434</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of amounts reclassified</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,955</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,344</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,120</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Other OCI changes (pre-tax)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,305</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,810</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax impact of other OCI changes</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">509</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net after-tax change</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,281</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(447</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance at September 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,065</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(86,305</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,240</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73,643</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of accumulated other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862581952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_VariableInterestEntitiesAbstract', window );"><strong>Variable Interest Entities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock', window );">Summarized Financial Information</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summarized financial information for Valencia is as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Results of Operations</font></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:448px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:182px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:50px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:50px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:46px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:46px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;text-indent:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,859</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,356</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,880</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,350</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,504</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings attributable to non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,456</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,006</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,452</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,037</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;text-indent:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Position</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:285px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:72px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net property, plant, and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,947</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">578</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Owners&#8217; equity &#8211; non-controlling interest</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,920</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_VariableInterestEntitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable Interest Entities [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_VariableInterestEntitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=d3e5747-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=SL6228884-111685<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=d3e5728-111685<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=SL6759159-111685<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=d3e5710-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfVariableInterestEntitiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855910912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract', window );"><strong>Fair Value of Derivative and Other Financial Instruments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock', window );">Summary of Derivatives</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM&#8217;s commodity derivative instruments that are recorded at fair value, all of which are accounted for as economic hedges, are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:401px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:214px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:78px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, <br clear="none"/>2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, <br clear="none"/>2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,093</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,279</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,846</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock', window );">Effect of Mark-to-Market on Earnings, Excluding Tax Effects</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the effect of mark-to-market commodity derivative instruments on PNM&#8217;s earnings, excluding income tax effects.  Commodity derivatives had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> impact on OCI for the periods presented.</font></div><div style="line-height:100%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:500px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:214px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Electric operating revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,237</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,652</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,697</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">214</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of energy</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,289</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Total gain (loss)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,251</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,651</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">408</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(899</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock', window );">Schedule of Net Buy (Sell) Volume Positions</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents PNM&#8217;s net buy (sell) volume positions:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:58.0896686159844%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Economic Hedges</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MMBTU</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MWh</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(630,933</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">254,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,471,600</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesTextBlock', window );">Schedule of Fair Value and Gross Unrealized Gains in Available-for-sale Securities</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value and gross unrealized gains of investments in available-for-sale securities are presented in the following table.  </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:514px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:189px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:63px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unrealized Gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,135</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,775</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,032</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,865</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,029</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,434</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,631</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,449</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRealizedGainLossTableTextBlock', window );">Schedule of Gross Realized Gains and Losses</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The proceeds and gross realized gains and losses on the disposition of available-for-sale securities are shown in the following table.  Realized gains and losses are determined by specific identification of costs of securities sold.  Gross realized losses shown below exclude the (increase)/decrease in realized impairment losses of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the three and nine months ended September 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the three and nine months ended September 30, 2016.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:474px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:189px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proceeds from sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,975</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">456,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">280,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized gains</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,026</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,745</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,273</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross realized (losses)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,829</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock', window );">Investments Classified by Contractual Maturity Date</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the available-for-sale and held-to-maturity debt securities had the following final maturities:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:362px;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:210px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:6px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-Sale</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Held-to-Maturity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR and PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within 1 year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 1 year through 5 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,766</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 5 years through 10 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 10 years through 15 years</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,178</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 15 years through 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,692</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After 20 years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,614</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,619</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:100%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock', window );">Schedule of Investments</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Items recorded at fair value by PNM on the Condensed Consolidated Balance Sheets are presented below by level of the fair value hierarchy.  There were </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> Level 3 fair value measurements at </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> for items recorded at fair value. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:87.91423001949317%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quoted Prices in Active Markets for Identical Assets (Level 1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Other Observable Inputs (Level 2)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,345</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,931</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,236</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,960</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">306,444</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">221,862</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,582</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,814</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale securities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,683</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Equity securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic value</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Domestic growth</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,595</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;International and other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Fixed income securities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;U.S. Government</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,962</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Municipals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Corporate and other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,671</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,158</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,513</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,977</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">196,436</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,541</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commodity derivative liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,885</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByBalanceSheetGroupingTextBlock', window );">Schedule of Carrying Amount and Fair Value of Items Not Recorded at Fair Value</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and fair values of investments in the Westmoreland Loan, other investments, and long-term debt, which are not recorded at fair value on the Condensed Consolidated Balance Sheets are presented below: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:87.32943469785575%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:36%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GAAP Fair Value Hierarchy</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">September&#160;30, 2017</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,447,702</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,564,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,657,396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,736,026</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">480,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">517,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">December&#160;31, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNMR</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,392,712</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,540,693</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westmoreland Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,893</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,164</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">547</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,631,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,730,157</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TNMP</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">420,875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">468,329</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair Value of Derivative and Other Financial Instruments [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FairValueOfDerivativeAndOtherFinancialInstrumentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62557-112803<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27337-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27198-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27290-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19279-110258<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2C<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=SL7498348-110258<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19190-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByBalanceSheetGroupingTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13476-108611<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19207-110258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13467-108611<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=75026489&amp;loc=d3e13220-108610<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75031198&amp;loc=d3e14172-108612<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByBalanceSheetGroupingTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624171-113959<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5618551-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4B<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624163-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the notional amounts of outstanding derivative positions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfRealizedGainLossTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfRealizedGainLossTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R30.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850311872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock', window );">Summary of Activity</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:466px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:340px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of restricted shares that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,666</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average grant date fair value of options granted</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total fair value of options that vested (in thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total intrinsic value of options exercised (in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,234</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,208</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:467px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:333px;" rowspan="1" colspan="1"></td><td style="width:6px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:40px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:40px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Shares and Performance Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected quarterly dividends per share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2425</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2200</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.50</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.94</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Market-Based Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividend yield</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.74</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected volatility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.80</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.44</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk-free interest rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.97</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options, for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:590px;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:278px;" rowspan="1" colspan="1"></td><td style="width:68px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:68px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:59px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock Options</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at December 31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,316</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">305,874</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,271</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(270,855</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(109,433</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,012</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29.96</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expired</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding at September 30, 2017</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">191,720</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31.10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">193,441</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.98</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan.  Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5047-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R31.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850322688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financing (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock', window );">Schedule of Maturities and Interest Rates</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information concerning the maturities and interest rates on the PNM 2018 SUNs to be issued in May 2018 and August 2018 is as follows:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:345px;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:90px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:62px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:8px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:11px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Scheduled</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Funding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Rate</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2028</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.68</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2033</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2038</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.22</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 15, 2048</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">350.0</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2028</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.78</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">August 1, 2048</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfShortTermDebtTextBlock', window );">Schedule of Short-term Debt</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term debt outstanding consisted of:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:399px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:213px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:76px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:72px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Short-term Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM New Mexico Credit Facility</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR Revolving Credit Facility</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">166,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126,100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR 2016 One-Year Term Loan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">287,100</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(e),(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21538-112644<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21506-112644<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28541-108399<br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21521-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDebtInstrumentsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfShortTermDebtTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfShortTermDebtTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R32.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850247520">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Pension and Other Postretirement Benefit Plans (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Retirement Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock', window );">Schedule of Net Benefit Costs</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the PNM Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:39%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,577</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">174</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,308</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,371</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,001</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,455</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">921</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">286</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(241</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(416</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,036</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,937</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">227</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:39%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,181</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,731</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,019</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,260</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">523</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">609</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,352</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,562</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,004</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,365</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">858</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">192</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,248</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,109</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,810</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">682</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">88</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">758</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">801</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables present the components of the TNMP Plans&#8217; net periodic benefit cost:</font></div><div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:301px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">722</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">826</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">169</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(945</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">231</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">83</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:676px;border-collapse:collapse;text-align:left;"><tr><td colspan="24" rowspan="1"></td></tr><tr><td style="width:301px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:44px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:38px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:48px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Pension Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPEB Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Executive Retirement Program</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="padding-top:1px;text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Components of Net Periodic Benefit Cost</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,165</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,478</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,834</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net (gain) loss</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">692</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(60</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-top:1px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Periodic Benefit Cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">122</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">250</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CompensationAndRetirementDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CompensationAndRetirementDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfNetBenefitCostsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R33.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850464320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Regulatory and Rate Matters (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatedOperationsAbstract', window );"><strong>Regulated Operations [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock', window );">Schedule of Energy/Capacity Transactions</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:13px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Information about the purchases and sales is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.50682261208577%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Purchases</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GWh</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">215.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.6</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">216.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">615.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">632.5</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nine months ended September 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">268.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock', window );">Schedule of Rate Increases for Transmission Costs</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:115%;padding-top:12px;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following sets forth TNMP&#8217;s recent interim transmission cost rate increases:</font></div><div style="line-height:120%;text-align:center;text-indent:42px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:42.10526315789473%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effective Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Approved Increase in Rate Base</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual Increase in Revenue</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In millions)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 10, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 23, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 8, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March 14, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 13, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.7</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of Energy/Capacity Transactions [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleofEnergyCapacityTransactionsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of Rate Increases for Transmission Costs [Table Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleofRateIncreasesforTransmissionCostsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatedOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatedOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>61
<FILENAME>R34.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862573136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Transactions (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock', window );">Schedule of Related Party Transactions</a></td>
<td class="text"><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:115%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below summarizes the nature and amount of related party transactions of PNMR, PNM, and TNMP:  </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:346px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:10px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td><td style="width:5px;" rowspan="1" colspan="1"></td><td style="width:9px;" rowspan="1" colspan="1"></td><td style="width:52px;" rowspan="1" colspan="1"></td><td style="width:4px;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">September&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Services billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,044</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,828</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,593</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,771</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">347</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">106</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TNMP to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest billings:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM to PNMR</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax sharing payments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to PNM</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:justify;padding-left:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNMR to TNMP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R35.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6853475120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Significant Accounting Policies and Responsibility for Financial Statements (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="4">1 Months Ended</th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jul. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jul. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Accounting Policies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount', window );">Payment defaults under agreements</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal', window );">Unrealized gains, net of income taxes, recorded in AOCI</a></td>
<td class="nump">$ 9,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableLineItems', window );"><strong>Dividends Payable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Declared dividends on common stock (dollars per share)</a></td>
<td class="nump">$ 0.2425<span></span>
</td>
<td class="nump">$ 0.2425<span></span>
</td>
<td class="nump">$ 0.22<span></span>
</td>
<td class="nump">$ 0.22<span></span>
</td>
<td class="nump">$ 0.2425<span></span>
</td>
<td class="nump">$ 0.22<span></span>
</td>
<td class="nump">$ 0.7275<span></span>
</td>
<td class="nump">$ 0.66<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Dividends declared and paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 57,948,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableLineItems', window );"><strong>Dividends Payable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDistributionsToAffiliates', window );">Equity contribution</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 28,100,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Dividends declared and paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,100,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableLineItems', window );"><strong>Dividends Payable [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDistributionsToAffiliates', window );">Equity contribution</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Dividends declared and paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 29,663,000<span></span>
</td>
<td class="nump">$ 18,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available-for-sale Securities, Accumulated Gross Unrealized Gain, Net of Tax, Total</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AvailableforsaleSecuritiesAccumulatedGrossUnrealizedGainNetofTaxTotal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CollaborativeArrangementOwnerObligationsDefaultAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Collaborative Arrangement, Owner Obligations, Default, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CollaborativeArrangementOwnerObligationsDefaultAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountingPoliciesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsCommonStockCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsCommonStockCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPayableLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDistributionsToAffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The distributions of earnings to an entity that is affiliated with the reporting entity by means of direct or indirect ownership.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDistributionsToAffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R36.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6854264000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Details) - USD ($)<br> $ / shares in Units, shares in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net Earnings Attributable to PNMR</a></td>
<td class="nump">$ 73,739<span></span>
</td>
<td class="nump">$ 54,418<span></span>
</td>
<td class="nump">$ 134,156<span></span>
</td>
<td class="nump">$ 92,040<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract', window );"><strong>Average Number of Common Shares:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesIssuedBasic', window );">Outstanding during period (in shares)</a></td>
<td class="nump">79,654<span></span>
</td>
<td class="nump">79,654<span></span>
</td>
<td class="nump">79,654<span></span>
</td>
<td class="nump">79,654<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesRestrictedStock', window );">Vested awards of restricted stock (in shares)</a></td>
<td class="nump">284<span></span>
</td>
<td class="nump">96<span></span>
</td>
<td class="nump">215<span></span>
</td>
<td class="nump">99<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Average Shares &#8211; Basic (in shares)</a></td>
<td class="nump">79,938<span></span>
</td>
<td class="nump">79,750<span></span>
</td>
<td class="nump">79,869<span></span>
</td>
<td class="nump">79,753<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Dilutive Effect of Common Stock Equivalents:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements', window );">Stock options and restricted stock (in shares)</a></td>
<td class="nump">216<span></span>
</td>
<td class="nump">367<span></span>
</td>
<td class="nump">263<span></span>
</td>
<td class="nump">377<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Average Shares &#8211; Diluted (in shares)</a></td>
<td class="nump">80,154<span></span>
</td>
<td class="nump">80,117<span></span>
</td>
<td class="nump">80,132<span></span>
</td>
<td class="nump">80,130<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Net Earnings Per Share of Common Stock:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic (in dollars per share)</a></td>
<td class="nump">$ 0.92<span></span>
</td>
<td class="nump">$ 0.68<span></span>
</td>
<td class="nump">$ 1.68<span></span>
</td>
<td class="nump">$ 1.15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted (in dollars per share)</a></td>
<td class="nump">$ 0.92<span></span>
</td>
<td class="nump">$ 0.68<span></span>
</td>
<td class="nump">$ 1.67<span></span>
</td>
<td class="nump">$ 1.15<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=96948231&amp;loc=d3e4984-109258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDilutedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28A<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1500-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesIssuedBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1448-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e2646-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesIssuedBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1448-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesRestrictedStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of restricted stock determined by relating the portion of time within a reporting period that restricted shares have been outstanding to the total time in that period. Restricted shares are subject to sales, contractual, regulatory or other restrictions that prevent or inhibit the holder from freely disposing of them before the restriction ends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e2646-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesRestrictedStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>64
<FILENAME>R37.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6873823600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information - Summarized Financial Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationProfitLossAbstract', window );"><strong>Segment Reporting Information, Profit (Loss) [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric operating revenues</a></td>
<td class="nump">$ 419,900<span></span>
</td>
<td class="nump">$ 400,374<span></span>
</td>
<td class="nump">$ 1,112,398<span></span>
</td>
<td class="nump">$ 1,026,726<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">103,748<span></span>
</td>
<td class="nump">108,766<span></span>
</td>
<td class="nump">310,818<span></span>
</td>
<td class="nump">282,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_GrossMargin', window );">Utility margin</a></td>
<td class="nump">316,152<span></span>
</td>
<td class="nump">291,608<span></span>
</td>
<td class="nump">801,580<span></span>
</td>
<td class="nump">744,228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherOperatingExpenses', window );">Other operating expenses</a></td>
<td class="nump">114,847<span></span>
</td>
<td class="nump">130,520<span></span>
</td>
<td class="nump">345,202<span></span>
</td>
<td class="nump">376,028<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">58,821<span></span>
</td>
<td class="nump">53,017<span></span>
</td>
<td class="nump">172,829<span></span>
</td>
<td class="nump">153,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">142,484<span></span>
</td>
<td class="nump">108,071<span></span>
</td>
<td class="nump">283,549<span></span>
</td>
<td class="nump">214,399<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">3,582<span></span>
</td>
<td class="nump">4,604<span></span>
</td>
<td class="nump">12,348<span></span>
</td>
<td class="nump">18,420<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherIncomeDeductionsExcludingInterest', window );">Other income (deductions)</a></td>
<td class="nump">7,110<span></span>
</td>
<td class="nump">5,651<span></span>
</td>
<td class="nump">21,398<span></span>
</td>
<td class="nump">17,927<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest charges</a></td>
<td class="num">(32,106)<span></span>
</td>
<td class="num">(32,467)<span></span>
</td>
<td class="num">(96,137)<span></span>
</td>
<td class="num">(97,179)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">121,070<span></span>
</td>
<td class="nump">85,859<span></span>
</td>
<td class="nump">221,158<span></span>
</td>
<td class="nump">153,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes (benefit)</a></td>
<td class="nump">42,743<span></span>
</td>
<td class="nump">27,303<span></span>
</td>
<td class="nump">75,154<span></span>
</td>
<td class="nump">50,094<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">78,327<span></span>
</td>
<td class="nump">58,556<span></span>
</td>
<td class="nump">146,004<span></span>
</td>
<td class="nump">103,473<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Valencia non-controlling interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Subsidiary preferred stock dividends</a></td>
<td class="num">(132)<span></span>
</td>
<td class="num">(132)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="nump">73,739<span></span>
</td>
<td class="nump">54,418<span></span>
</td>
<td class="nump">134,156<span></span>
</td>
<td class="nump">92,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">6,697,254<span></span>
</td>
<td class="nump">6,403,670<span></span>
</td>
<td class="nump">6,697,254<span></span>
</td>
<td class="nump">6,403,670<span></span>
</td>
<td class="nump">$ 6,471,080<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">278,297<span></span>
</td>
<td class="nump">278,297<span></span>
</td>
<td class="nump">278,297<span></span>
</td>
<td class="nump">278,297<span></span>
</td>
<td class="nump">$ 278,297<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationProfitLossAbstract', window );"><strong>Segment Reporting Information, Profit (Loss) [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric operating revenues</a></td>
<td class="nump">327,254<span></span>
</td>
<td class="nump">311,276<span></span>
</td>
<td class="nump">854,909<span></span>
</td>
<td class="nump">780,228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">82,367<span></span>
</td>
<td class="nump">88,565<span></span>
</td>
<td class="nump">246,635<span></span>
</td>
<td class="nump">222,376<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_GrossMargin', window );">Utility margin</a></td>
<td class="nump">244,887<span></span>
</td>
<td class="nump">222,711<span></span>
</td>
<td class="nump">608,274<span></span>
</td>
<td class="nump">557,852<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherOperatingExpenses', window );">Other operating expenses</a></td>
<td class="nump">94,871<span></span>
</td>
<td class="nump">109,342<span></span>
</td>
<td class="nump">288,300<span></span>
</td>
<td class="nump">314,961<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">36,764<span></span>
</td>
<td class="nump">33,312<span></span>
</td>
<td class="nump">109,228<span></span>
</td>
<td class="nump">97,778<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">113,252<span></span>
</td>
<td class="nump">80,057<span></span>
</td>
<td class="nump">210,746<span></span>
</td>
<td class="nump">145,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">1,782<span></span>
</td>
<td class="nump">1,509<span></span>
</td>
<td class="nump">6,457<span></span>
</td>
<td class="nump">8,549<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherIncomeDeductionsExcludingInterest', window );">Other income (deductions)</a></td>
<td class="nump">6,342<span></span>
</td>
<td class="nump">4,980<span></span>
</td>
<td class="nump">19,924<span></span>
</td>
<td class="nump">17,305<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest charges</a></td>
<td class="num">(20,451)<span></span>
</td>
<td class="num">(22,213)<span></span>
</td>
<td class="num">(62,393)<span></span>
</td>
<td class="num">(66,494)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">100,925<span></span>
</td>
<td class="nump">64,333<span></span>
</td>
<td class="nump">174,734<span></span>
</td>
<td class="nump">104,473<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes (benefit)</a></td>
<td class="nump">35,642<span></span>
</td>
<td class="nump">19,343<span></span>
</td>
<td class="nump">58,865<span></span>
</td>
<td class="nump">32,131<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">65,283<span></span>
</td>
<td class="nump">44,990<span></span>
</td>
<td class="nump">115,869<span></span>
</td>
<td class="nump">72,342<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Valencia non-controlling interest</a></td>
<td class="num">(4,456)<span></span>
</td>
<td class="num">(4,006)<span></span>
</td>
<td class="num">(11,452)<span></span>
</td>
<td class="num">(11,037)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Subsidiary preferred stock dividends</a></td>
<td class="num">(132)<span></span>
</td>
<td class="num">(132)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="num">(396)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="nump">60,695<span></span>
</td>
<td class="nump">40,852<span></span>
</td>
<td class="nump">104,021<span></span>
</td>
<td class="nump">60,909<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">5,023,816<span></span>
</td>
<td class="nump">4,799,012<span></span>
</td>
<td class="nump">5,023,816<span></span>
</td>
<td class="nump">4,799,012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">51,632<span></span>
</td>
<td class="nump">51,632<span></span>
</td>
<td class="nump">51,632<span></span>
</td>
<td class="nump">51,632<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationProfitLossAbstract', window );"><strong>Segment Reporting Information, Profit (Loss) [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric operating revenues</a></td>
<td class="nump">92,646<span></span>
</td>
<td class="nump">89,098<span></span>
</td>
<td class="nump">257,489<span></span>
</td>
<td class="nump">246,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">21,381<span></span>
</td>
<td class="nump">20,201<span></span>
</td>
<td class="nump">64,183<span></span>
</td>
<td class="nump">60,122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_GrossMargin', window );">Utility margin</a></td>
<td class="nump">71,265<span></span>
</td>
<td class="nump">68,897<span></span>
</td>
<td class="nump">193,306<span></span>
</td>
<td class="nump">186,376<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherOperatingExpenses', window );">Other operating expenses</a></td>
<td class="nump">25,367<span></span>
</td>
<td class="nump">24,184<span></span>
</td>
<td class="nump">72,188<span></span>
</td>
<td class="nump">70,328<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">16,424<span></span>
</td>
<td class="nump">16,354<span></span>
</td>
<td class="nump">47,392<span></span>
</td>
<td class="nump">45,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">29,474<span></span>
</td>
<td class="nump">28,359<span></span>
</td>
<td class="nump">73,726<span></span>
</td>
<td class="nump">70,288<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherIncomeDeductionsExcludingInterest', window );">Other income (deductions)</a></td>
<td class="nump">1,228<span></span>
</td>
<td class="nump">855<span></span>
</td>
<td class="nump">2,392<span></span>
</td>
<td class="nump">2,139<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest charges</a></td>
<td class="num">(7,704)<span></span>
</td>
<td class="num">(7,308)<span></span>
</td>
<td class="num">(22,619)<span></span>
</td>
<td class="num">(22,150)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="nump">22,998<span></span>
</td>
<td class="nump">21,906<span></span>
</td>
<td class="nump">53,499<span></span>
</td>
<td class="nump">50,277<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes (benefit)</a></td>
<td class="nump">8,271<span></span>
</td>
<td class="nump">8,053<span></span>
</td>
<td class="nump">18,964<span></span>
</td>
<td class="nump">18,460<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="nump">14,727<span></span>
</td>
<td class="nump">13,853<span></span>
</td>
<td class="nump">34,535<span></span>
</td>
<td class="nump">31,817<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Valencia non-controlling interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Subsidiary preferred stock dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="nump">14,727<span></span>
</td>
<td class="nump">13,853<span></span>
</td>
<td class="nump">34,535<span></span>
</td>
<td class="nump">31,817<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">1,465,219<span></span>
</td>
<td class="nump">1,366,840<span></span>
</td>
<td class="nump">1,465,219<span></span>
</td>
<td class="nump">1,366,840<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">226,665<span></span>
</td>
<td class="nump">226,665<span></span>
</td>
<td class="nump">226,665<span></span>
</td>
<td class="nump">226,665<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember', window );">Corporate and Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationProfitLossAbstract', window );"><strong>Segment Reporting Information, Profit (Loss) [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ElectricUtilityRevenue', window );">Electric operating revenues</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsSoldElectric', window );">Cost of energy</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_GrossMargin', window );">Utility margin</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherOperatingExpenses', window );">Other operating expenses</a></td>
<td class="num">(5,391)<span></span>
</td>
<td class="num">(3,006)<span></span>
</td>
<td class="num">(15,286)<span></span>
</td>
<td class="num">(9,261)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfServicesDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">5,633<span></span>
</td>
<td class="nump">3,351<span></span>
</td>
<td class="nump">16,209<span></span>
</td>
<td class="nump">10,263<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="num">(242)<span></span>
</td>
<td class="num">(345)<span></span>
</td>
<td class="num">(923)<span></span>
</td>
<td class="num">(1,002)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">1,800<span></span>
</td>
<td class="nump">3,095<span></span>
</td>
<td class="nump">5,891<span></span>
</td>
<td class="nump">9,871<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherIncomeDeductionsExcludingInterest', window );">Other income (deductions)</a></td>
<td class="num">(460)<span></span>
</td>
<td class="num">(184)<span></span>
</td>
<td class="num">(918)<span></span>
</td>
<td class="num">(1,517)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest charges</a></td>
<td class="num">(3,951)<span></span>
</td>
<td class="num">(2,946)<span></span>
</td>
<td class="num">(11,125)<span></span>
</td>
<td class="num">(8,535)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Earnings before Income Taxes</a></td>
<td class="num">(2,853)<span></span>
</td>
<td class="num">(380)<span></span>
</td>
<td class="num">(7,075)<span></span>
</td>
<td class="num">(1,183)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income taxes (benefit)</a></td>
<td class="num">(1,170)<span></span>
</td>
<td class="num">(93)<span></span>
</td>
<td class="num">(2,675)<span></span>
</td>
<td class="num">(497)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net Earnings</a></td>
<td class="num">(1,683)<span></span>
</td>
<td class="num">(287)<span></span>
</td>
<td class="num">(4,400)<span></span>
</td>
<td class="num">(686)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Valencia non-controlling interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Subsidiary preferred stock dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net Earnings Available for PNM Common Stock</a></td>
<td class="num">(1,683)<span></span>
</td>
<td class="num">(287)<span></span>
</td>
<td class="num">(4,400)<span></span>
</td>
<td class="num">(686)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total Assets</a></td>
<td class="nump">208,219<span></span>
</td>
<td class="nump">237,818<span></span>
</td>
<td class="nump">208,219<span></span>
</td>
<td class="nump">237,818<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_GrossMargin">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate revenues less cost of energy</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_GrossMargin</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_OtherIncomeDeductionsExcludingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Income Deductions Excluding Interest</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_OtherIncomeDeductionsExcludingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_OtherOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Operating Expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_OtherOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsSoldElectric">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs related to electricity produced and sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfGoodsSoldElectric</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfServicesDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Depreciation of property, plant and equipment directly related to services rendered by an entity during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfServicesDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ElectricUtilityRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue, whether regulated or unregulated, derived from the generation, transmission and distribution of electricity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ElectricUtilityRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=77989000&amp;loc=SL49117168-202975<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>65
<FILENAME>R38.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6854043056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (92,451)<span></span>
</td>
<td class="num">$ (71,432)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax', window );">Amounts reclassified from AOCI (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,765)<span></span>
</td>
<td class="num">(5,434)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome', window );">Income tax impact of amounts reclassified</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,237<span></span>
</td>
<td class="nump">2,120<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax', window );">Other OCI changes (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22,024<span></span>
</td>
<td class="nump">1,810<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossTax', window );">Income tax impact of other OCI changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,546)<span></span>
</td>
<td class="num">(707)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="nump">$ 3,094<span></span>
</td>
<td class="nump">$ 1,063<span></span>
</td>
<td class="nump">9,950<span></span>
</td>
<td class="num">(2,211)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending Balance</a></td>
<td class="num">(82,501)<span></span>
</td>
<td class="num">(73,643)<span></span>
</td>
<td class="num">(82,501)<span></span>
</td>
<td class="num">(73,643)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember', window );">Fair Value Adjustment for Cash Flow Hedges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(23)<span></span>
</td>
<td class="nump">44<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax', window );">Amounts reclassified from AOCI (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">484<span></span>
</td>
<td class="nump">573<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome', window );">Income tax impact of amounts reclassified</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(187)<span></span>
</td>
<td class="num">(224)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax', window );">Other OCI changes (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(278)<span></span>
</td>
<td class="num">(1,305)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossTax', window );">Income tax impact of other OCI changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">108<span></span>
</td>
<td class="nump">509<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">127<span></span>
</td>
<td class="num">(447)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending Balance</a></td>
<td class="nump">104<span></span>
</td>
<td class="num">(403)<span></span>
</td>
<td class="nump">104<span></span>
</td>
<td class="num">(403)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(92,428)<span></span>
</td>
<td class="num">(71,476)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax', window );">Amounts reclassified from AOCI (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,249)<span></span>
</td>
<td class="num">(6,007)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome', window );">Income tax impact of amounts reclassified</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,424<span></span>
</td>
<td class="nump">2,344<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax', window );">Other OCI changes (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22,302<span></span>
</td>
<td class="nump">3,115<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossTax', window );">Income tax impact of other OCI changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,654)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="nump">2,989<span></span>
</td>
<td class="nump">671<span></span>
</td>
<td class="nump">9,823<span></span>
</td>
<td class="num">(1,764)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending Balance</a></td>
<td class="num">(82,605)<span></span>
</td>
<td class="num">(73,240)<span></span>
</td>
<td class="num">(82,605)<span></span>
</td>
<td class="num">(73,240)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Unrealized Gains on Available-for-Sale Securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,320<span></span>
</td>
<td class="nump">17,346<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax', window );">Amounts reclassified from AOCI (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,088)<span></span>
</td>
<td class="num">(10,135)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome', window );">Income tax impact of amounts reclassified</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,302<span></span>
</td>
<td class="nump">3,955<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax', window );">Other OCI changes (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22,302<span></span>
</td>
<td class="nump">3,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossTax', window );">Income tax impact of other OCI changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,654)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,862<span></span>
</td>
<td class="num">(4,281)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending Balance</a></td>
<td class="nump">11,182<span></span>
</td>
<td class="nump">13,065<span></span>
</td>
<td class="nump">11,182<span></span>
</td>
<td class="nump">13,065<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Pension Liability Adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward', window );"><strong>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Beginning Balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(96,748)<span></span>
</td>
<td class="num">(88,822)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax', window );">Amounts reclassified from AOCI (pre-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,839<span></span>
</td>
<td class="nump">4,128<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome', window );">Income tax impact of amounts reclassified</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,878)<span></span>
</td>
<td class="num">(1,611)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Total Other Comprehensive Income (Loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,961<span></span>
</td>
<td class="nump">2,517<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Ending Balance</a></td>
<td class="num">$ (93,787)<span></span>
</td>
<td class="num">$ (86,305)<span></span>
</td>
<td class="num">$ (93,787)<span></span>
</td>
<td class="num">$ (86,305)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AccumulatedOtherComprehensiveIncomeLossRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated Other Comprehensive Income (Loss) [Roll Forward]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AccumulatedOtherComprehensiveIncomeLossRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax impact of amounts reclassified from accumulated other comprehensive income</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncomeTaxImpactOfAmountsReclassifiedFromAccumulatedOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e637-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e681-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84158357&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) allocated to other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=79507043&amp;loc=d3e39076-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>66
<FILENAME>R39.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6871884560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jan. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 20, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_VariableInterestEntityStatementOfOperationAbstract', window );"><strong>Results of Operations</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Earnings attributable to non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,456,000<span></span>
</td>
<td class="nump">$ 4,006,000<span></span>
</td>
<td class="nump">$ 11,452,000<span></span>
</td>
<td class="nump">$ 11,037,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract', window );"><strong>Financial Position</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">374,535,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">374,535,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 378,039,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,697,254,000<span></span>
</td>
<td class="nump">6,403,670,000<span></span>
</td>
<td class="nump">6,697,254,000<span></span>
</td>
<td class="nump">6,403,670,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,471,080,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">710,885,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">710,885,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">805,108,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Owners&#8217; equity &#8211; non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">68,920,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_VariableInterestEntityStatementOfOperationAbstract', window );"><strong>Results of Operations</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Earnings attributable to non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,456,000<span></span>
</td>
<td class="nump">4,006,000<span></span>
</td>
<td class="nump">11,452,000<span></span>
</td>
<td class="nump">11,037,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract', window );"><strong>Financial Position</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">331,618,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">331,618,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">314,245,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,023,816,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,023,816,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,867,546,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">191,066,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">191,066,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">457,361,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Owners&#8217; equity &#8211; non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">68,920,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Valencia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts', window );">Payment for fixed costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,900,000<span></span>
</td>
<td class="nump">4,900,000<span></span>
</td>
<td class="nump">14,700,000<span></span>
</td>
<td class="nump">14,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges', window );">Payment for variable costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
<td class="nump">500,000<span></span>
</td>
<td class="nump">$ 1,200,000<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Longtermcontractoptiontopurchaseownershippercentage', window );">Long-term contract option to purchase, ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV', window );">Long-term contract option to purchase, purchase price - percentage of adjusted NBV</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV', window );">Long-term contract option to purchase, purchase price - percentage of FMV</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_VariableInterestEntityStatementOfOperationAbstract', window );"><strong>Results of Operations</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues', window );">Operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,859,000<span></span>
</td>
<td class="nump">5,356,000<span></span>
</td>
<td class="nump">$ 15,880,000<span></span>
</td>
<td class="nump">15,541,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,403,000)<span></span>
</td>
<td class="num">(1,350,000)<span></span>
</td>
<td class="num">(4,428,000)<span></span>
</td>
<td class="num">(4,504,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Earnings attributable to non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,456,000<span></span>
</td>
<td class="nump">$ 4,006,000<span></span>
</td>
<td class="nump">11,452,000<span></span>
</td>
<td class="nump">$ 11,037,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract', window );"><strong>Financial Position</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,498,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,498,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,551,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Net property, plant, and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64,818,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64,818,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66,947,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">68,316,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">68,316,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69,498,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">907,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">907,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">578,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Owners&#8217; equity &#8211; non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 67,409,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 68,920,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Valencia | Purchased through May 2028</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberOfMegaWattsPurchased', window );">Number of megawatts purchased (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">158<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">158<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_NMCapitalMember', window );">NM Capital | San Juan Generating Station | Coal supply</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates', window );">Loan agreement among several entities</a></td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Cashusedtosupportbankletterorcreditarrangement', window );">Cash used to support bank letter or credit arrangement</a></td>
<td class="nump">30,300,000<span></span>
</td>
<td class="nump">$ 30,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_NMCapitalMember', window );">NM Capital | San Juan Coal Company, Westmoreland | Coal supply</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount', window );">Loan receivable</a></td>
<td class="nump">$ 125,000,000<span></span>
</td>
<td class="nump">66,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Interest receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LoanReceivableScheduledprincipalpaymentproceeds', window );">Scheduled principal payment proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LoanReceivableScheduledinterestpaymentproceeds', window );">Scheduled interest payment proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_UnaffiliatedthirdpartyMember', window );">Unaffiliated third party | San Juan Coal Company, Westmoreland | Coal supply | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityLineItems', window );"><strong>Variable Interest Entity [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCash', window );">Amount held in a restricted bank account</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Cashusedtosupportbankletterorcreditarrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash used to support bank letter or credit arrangement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Cashusedtosupportbankletterorcreditarrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LoanReceivableScheduledinterestpaymentproceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Receivable, Scheduled interest payment proceeds</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LoanReceivableScheduledinterestpaymentproceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LoanReceivableScheduledprincipalpaymentproceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Receivable, Scheduled principal payment proceeds</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LoanReceivableScheduledprincipalpaymentproceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long Term Contract For Purchase of Electric Power Fixed Charges</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LongTermContractForPurchaseOfElectricPowerFixedCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long Term Contract for Purchase of Electric Power Variable Charges</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LongTermContractForPurchaseOfElectricPowerVariableCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Longtermcontractoptiontopurchaseownershippercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long term contract option to purchase, ownership percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Longtermcontractoptiontopurchaseownershippercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long term contract option to purchase, purchase price - percentage of FMV</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofFMV</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long term contract option to purchase, purchase price - percentage of adjusted NBV</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LongtermcontractoptiontopurchasepurchasepricepercentageofadjustedNBV</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberOfMegaWattsPurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Mega Watts Purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberOfMegaWattsPurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Results of Operations Variable Interest Entity Operating Expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ResultsOfOperationsVariableInterestEntityOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Results of Operations Variable Interest Entity Operating Revenues</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ResultsOfOperationsVariableInterestEntityOperatingRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_VariableInterestEntityStatementOfOperationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable Interest Entity, Statement Of Operation [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_VariableInterestEntityStatementOfOperationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6801-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82887183&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the amount of cash required to fully fund agreements to provide advances to borrowers and lessees at interest rates that increase or decrease depending on certain facts or circumstances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61082-112788<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61044-112788<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableGrossCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermContractForPurchaseOfElectricPowerAxis=pnm_PurchasedThroughMay302028Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermContractForPurchaseOfElectricPowerAxis=pnm_PurchasedThroughMay302028Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_NMCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_NMCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_UnaffiliatedthirdpartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_UnaffiliatedthirdpartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R40.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6854085840">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Lease Commitments (Details) - PNM<br> $ in Millions</strong></div></th>
<th class="th">
<div>Jan. 15, 2016 </div>
<div>USD ($) </div>
<div>lease </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>lease</div>
</th>
<th class="th">
<div>Jan. 31, 2016 </div>
<div>lease</div>
</th>
<th class="th">
<div>Jan. 15, 2015 </div>
<div>lease</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station, Unit 1 Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofleasesexpiring', window );">Number of leases, expiring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended', window );">Number of leases under which lease term was extended</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofleasesexpiring', window );">Number of leases, expiring</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended', window );">Number of leases under which lease term was extended</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased', window );">Number of leases under which assets were purchased</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LeasedCapacitytobePurchased', window );">Leased capacity to be purchased (in megawatts) | MW</a></td>
<td class="nump">32.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases, 31.25 MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased', window );">Number of leases under which assets were purchased</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PurchasePriceofLeasedAssetPaid', window );">Payment to lessors | $</a></td>
<td class="nump">$ 78.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases, January 15, 2016</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LeasedCapacitytobePurchased', window );">Leased capacity to be purchased (in megawatts) | MW</a></td>
<td class="nump">31.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases, 32.76 MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased', window );">Number of leases under which assets were purchased</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PurchasePriceofLeasedAssetPaid', window );">Payment to lessors | $</a></td>
<td class="nump">$ 85.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Palo Verde Nuclear Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasedAssetsLineItems', window );"><strong>Operating Leased Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued', window );">Loss contingency, lease arrangements (up to) | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 169.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LeasedCapacitytobePurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Leased Capacity to be Purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LeasedCapacitytobePurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofleasesexpiring">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of leases, expiring</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofleasesexpiring</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of leases under which assets were purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of leases under which lease term was extended</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PurchasePriceofLeasedAssetPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchase Price of Leased Asset, Paid</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PurchasePriceofLeasedAssetPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the maximum amount of estimated loss and the amount recorded as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 05<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6395354&amp;loc=d3e12631-108344<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasedAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasedAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2Leases31.2494MWMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesJanuary152016Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2Leases32.76MWMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874968544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Overview and Commodity Derivatives (Details)<br></strong></div></th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets</a></td>
<td class="nump">$ 3,093,000<span></span>
</td>
<td class="nump">$ 5,224,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Deferred charges</a></td>
<td class="nump">3,846,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="num">(1,279,000)<span></span>
</td>
<td class="num">(2,339,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Long-term liabilities</a></td>
<td class="num">$ (3,846,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk', window );">Expected exposure to market risk (in megawatts) | MW</a></td>
<td class="nump">65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement', window );">Power to be sold to third party (in megawatts) | MW</a></td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets</a></td>
<td class="nump">$ 3,093,000<span></span>
</td>
<td class="nump">5,224,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Deferred charges</a></td>
<td class="nump">3,846,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="num">(1,279,000)<span></span>
</td>
<td class="num">(2,339,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Long-term liabilities</a></td>
<td class="num">(3,846,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeCollateralRightToReclaimCash', window );">Amounts recognized for the right to reclaim cash collateral</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarginDepositAssets', window );">Amounts posted as cash collateral under margin arrangements</a></td>
<td class="nump">1,200,000<span></span>
</td>
<td class="nump">2,600,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Designated as Hedging Instrument | Commodity derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets</a></td>
<td class="nump">3,093,000<span></span>
</td>
<td class="nump">5,224,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsNoncurrent', window );">Deferred charges</a></td>
<td class="nump">3,846,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative Asset</a></td>
<td class="nump">6,939,000<span></span>
</td>
<td class="nump">5,224,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="num">(1,279,000)<span></span>
</td>
<td class="num">(2,339,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesNoncurrent', window );">Long-term liabilities</a></td>
<td class="num">(3,846,000)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative Liability</a></td>
<td class="num">(5,125,000)<span></span>
</td>
<td class="num">(2,339,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet', window );">Net</a></td>
<td class="nump">1,814,000<span></span>
</td>
<td class="nump">2,885,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Designated as Hedging Instrument | Commodity derivatives | Fuel and purchased power costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="nump">200,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilitiesCurrent', window );">Current liabilities</a></td>
<td class="num">(200,000)<span></span>
</td>
<td class="num">(100,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Designated as Hedging Instrument | Commodity derivatives | Palo Verde Nuclear Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsCurrent', window );">Current assets</a></td>
<td class="nump">700,000<span></span>
</td>
<td class="nump">2,700,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Designated as Hedging Instrument | Commodity derivatives | Hazard sharing arrangement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesFairValueLineItems', window );"><strong>Derivatives, Fair Value [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Derivative Asset</a></td>
<td class="nump">4,900,000<span></span>
</td>
<td class="nump">500,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Derivative Liability</a></td>
<td class="num">$ (5,200,000)<span></span>
</td>
<td class="num">$ (500,000)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Concentration Risk, Amount To Sell Due To Agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Concentration Risk, Potential Market Risk</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesConcentrationRiskPotentialMarketRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=82849420&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeCollateralRightToReclaimCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=82849420&amp;loc=SL20226016-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=d3e41678-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeCollateralRightToReclaimCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=82849420&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativesFairValueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativesFairValueLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarginDepositAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash or securities placed with a broker or counterparty as security for a trading or derivatives securities position which was partially obtained with funds provided by the broker dealer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8,17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MarginDepositAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_FuelAndPurchasedPowerAdjustmentClauseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_FuelAndPurchasedPowerAdjustmentClauseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditDerivativesByContractTypeAxis=us-gaap_OtherCreditDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R42.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850590560">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Statement of Earnings Information (Details) - PNM - Designated as Hedging Instrument - Commodity derivatives - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossLineItems', window );"><strong>Derivative Instruments, Gain (Loss) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Total gain (loss)</a></td>
<td class="num">$ (2,251)<span></span>
</td>
<td class="nump">$ 1,651<span></span>
</td>
<td class="nump">$ 408<span></span>
</td>
<td class="num">$ (899)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Electric operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossLineItems', window );"><strong>Derivative Instruments, Gain (Loss) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Total gain (loss)</a></td>
<td class="num">(2,237)<span></span>
</td>
<td class="nump">1,652<span></span>
</td>
<td class="nump">5,697<span></span>
</td>
<td class="nump">214<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Cost of energy</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossLineItems', window );"><strong>Derivative Instruments, Gain (Loss) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeGainLossOnDerivativeNet', window );">Total gain (loss)</a></td>
<td class="num">$ (14)<span></span>
</td>
<td class="num">$ (1)<span></span>
</td>
<td class="num">$ (5,289)<span></span>
</td>
<td class="num">$ (1,113)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeGainLossOnDerivativeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5618551-113959<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (a),(c),(d),(e)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624171-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeGainLossOnDerivativeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsGainLossLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsGainLossLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6853136336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Margin, Notional Amounts and Credit Rating (Details) - PNM<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>MMBTU </div>
<div>MWh</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>MMBTU </div>
<div>MWh</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue', window );">Net exposure | $</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Commodity derivatives | Fair value hedging | Buy</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure', window );">Economic Hedges (in mmbtu and mwh) | MMBTU</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="nump">254,100<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Commodity derivatives | Fair value hedging | Sell</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLineItems', window );"><strong>Derivative [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure', window );">Economic Hedges (in mmbtu and mwh) | MWh</a></td>
<td class="nump">630,933<span></span>
</td>
<td class="nump">2,471,600<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate fair value amounts of derivative instruments that contain credit-risk-related contingent features that are in a net liability position at the end of the reporting period. For nonderivative instruments that are designated and qualify as hedging instruments, the fair value amounts are the carrying value of the nonderivative hedging instrument, including the adjustment for the foreign currency transaction gain (loss) on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4H<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624258-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNetLiabilityPositionAggregateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Nominal energy measure used to calculate payments on a derivative instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PositionAxis=us-gaap_LongMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PositionAxis=us-gaap_LongMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PositionAxis=us-gaap_ShortMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PositionAxis=us-gaap_ShortMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850274240">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Sale of Power (Details) - Palo Verde Nuclear Generating Station Unit 3 - PNM<br></strong></div></th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>$ / MWh </div>
<div>MW</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration', window );">Number of megawatts nuclear generation (in megawatts) | MW</a></td>
<td class="nump">134<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationUnit3Member', window );">Commodity derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems', window );"><strong>Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAverageForwardPrice', window );">Derivative, average forward price (in dollars per MWh) | $ / MWh</a></td>
<td class="nump">29<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Megawatts Nuclear Generation</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAverageForwardPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average forward price on the group of price risk forward or futures contracts, such as gas futures contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAverageForwardPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>us-types:perUnitItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationUnit3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationUnit3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874736768">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Available for Sale Securities (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue', window );">Available-for-sale securities for which carrying value exceeds fair value</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue', window );">Held-to-maturity securities for which carrying value exceeds fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Impairments considered to be other than temporary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">306,444,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">306,444,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 272,977,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">18,631,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,631,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,449,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities', window );">(Increase)/decrease in other than temporary losses of available-for-sale securities, net portion recognized in earnings</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
<td class="nump">$ 1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities', window );">Proceeds from sales</a></td>
<td class="nump">98,532,000<span></span>
</td>
<td class="nump">86,975,000<span></span>
</td>
<td class="nump">456,577,000<span></span>
</td>
<td class="nump">280,989,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains', window );">Gross realized gains</a></td>
<td class="nump">8,128,000<span></span>
</td>
<td class="nump">7,026,000<span></span>
</td>
<td class="nump">24,745,000<span></span>
</td>
<td class="nump">27,273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses', window );">Gross realized (losses)</a></td>
<td class="num">(2,829,000)<span></span>
</td>
<td class="num">$ (2,565,000)<span></span>
</td>
<td class="num">(8,150,000)<span></span>
</td>
<td class="num">$ (12,913,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">306,444,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">306,444,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">272,977,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Nuclear Decommissioning Trust | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">283,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">283,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">253,900,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Mine Reclamation Trust | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">23,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19,100,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">8,151,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,151,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,683,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Cash and cash equivalents | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">8,151,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,151,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,683,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">72,162,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">72,162,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,796,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">5,252,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,252,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,135,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic value | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">72,162,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">72,162,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,796,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic growth</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">73,345,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">73,345,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,595,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">5,775,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,775,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,032,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic growth | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">73,345,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">73,345,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,595,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | International and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">43,167,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,167,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27,481,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">4,865,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,865,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,029,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | International and other | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">43,167,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,167,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27,481,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | U.S. Government</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">28,960,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,960,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40,962,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">307,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">307,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">115,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | U.S. Government | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">28,960,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,960,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40,962,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Municipals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">41,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,789,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">998,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">998,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">585,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Municipals | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">41,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,789,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Corporate and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">39,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">54,671,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax', window );">Unrealized Gains</a></td>
<td class="nump">1,434,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,434,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">553,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Corporate and other | Fair Value, Measurements, Recurring</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems', window );"><strong>Schedule of Available-for-sale Securities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Fair Value</a></td>
<td class="nump">$ 39,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 54,671,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>(Increase)/Decrease in other than temporary losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseinotherthantemporarylossesInvestmentsPortionRecognizedinEarningsNetAvailableforsaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 25<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75030427&amp;loc=d3e22054-111558<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26610-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27290-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesGrossRealizedGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27357-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the fair value of securities categorized as held-to-maturity which are in an unrealized loss position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27290-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of other than temporary impairment (OTTI) loss on investments in available-for-sale and held-to-maturity debt securities, recognized in other comprehensive loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 35<br> -Paragraph 35<br> -URI http://asc.fasb.org/extlink&amp;oid=82895926&amp;loc=d3e25362-111560<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26853-111562<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_NuclearDecommissioningTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_NuclearDecommissioningTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MineReclamationTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MineReclamationTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CashAndCashEquivalentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CashAndCashEquivalentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticGrowthMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticGrowthMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MultinationalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MultinationalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_USTreasuryAndGovernmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_USTreasuryAndGovernmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MunicipalBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MunicipalBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_OtherDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_OtherDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
<FILENAME>R46.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856085040">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Maturities of Debt Securities (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract', window );"><strong>Held-to-Maturity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue', window );">Within 1 year</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue', window );">After 1 year through 5 years</a></td>
<td class="nump">76,353<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue', window );">After 5 years through 10 years</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_HeldToMaturitySecuritiesFairValue', window );">Held-to-maturity debt securities</a></td>
<td class="nump">76,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PnmrAndPnmMember', window );">PNMR and PNM</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract', window );"><strong>Available-for-Sale</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue', window );">Within 1 year</a></td>
<td class="nump">3,913<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue', window );">After 1 year through 5 years</a></td>
<td class="nump">22,766<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue', window );">After 5 years through 10 years</a></td>
<td class="nump">25,456<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue', window );">After 10 years through 15 years</a></td>
<td class="nump">5,178<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue', window );">After 15 years through 20 years</a></td>
<td class="nump">10,692<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue', window );">After 20 years</a></td>
<td class="nump">41,614<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities', window );">Available-for-sale debt securities</a></td>
<td class="nump">$ 109,619<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available-for-sale Securities, Debt Maturities, after Fifteen Years Through Twenty Years, Fair Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterFifteenYearsThroughTwentyYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available-for-sale Securities, Debt Maturities, after Ten Years Through Fifteen Years, Fair Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsThroughFifteenYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Available-for-sale Securities, Debt Maturities, after Twenty Years, Fair Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AvailableForSaleSecuritiesDebtMaturitiesAfterTwentyYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of available-for-sale debt securities maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27198-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of available-for-sale debt securities maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27198-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of available-for-sale debt securities maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27198-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecuritiesDebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of debt securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 25<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75030427&amp;loc=d3e22054-111558<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26610-111562<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27161-111563<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)-(g)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62557-112803<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesDebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of held-to-maturity debt securities maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of held-to-maturity debt securities maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesFairValueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of held-to-maturity debt securities maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 320<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=75019621&amp;loc=d3e62586-112803<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_HeldToMaturitySecuritiesFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of investments in debt securities classified as held-to-maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_HeldToMaturitySecuritiesFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PnmrAndPnmMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PnmrAndPnmMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>74
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6873455312">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value of Derivative and Other Financial Instruments - Items Recorded and Presented by Level of Hierarchy (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">$ 2,564,887<span></span>
</td>
<td class="nump">$ 2,540,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableFairValueDisclosure', window );">Westmoreland Loan</a></td>
<td class="nump">76,353<span></span>
</td>
<td class="nump">100,893<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">386<span></span>
</td>
<td class="nump">1,164<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableFairValueDisclosure', window );">Westmoreland Loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">386<span></span>
</td>
<td class="nump">547<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">2,564,887<span></span>
</td>
<td class="nump">2,540,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableFairValueDisclosure', window );">Westmoreland Loan</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableFairValueDisclosure', window );">Westmoreland Loan</a></td>
<td class="nump">76,353<span></span>
</td>
<td class="nump">100,893<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">617<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember', window );">Carrying Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">2,447,702<span></span>
</td>
<td class="nump">2,392,712<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableFairValueDisclosure', window );">Westmoreland Loan</a></td>
<td class="nump">66,230<span></span>
</td>
<td class="nump">95,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">386<span></span>
</td>
<td class="nump">547<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">306,444<span></span>
</td>
<td class="nump">272,977<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">1,736,026<span></span>
</td>
<td class="nump">1,730,157<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">166<span></span>
</td>
<td class="nump">316<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">166<span></span>
</td>
<td class="nump">316<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">1,736,026<span></span>
</td>
<td class="nump">1,730,157<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Carrying Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">1,657,396<span></span>
</td>
<td class="nump">1,631,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">166<span></span>
</td>
<td class="nump">316<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">8,151<span></span>
</td>
<td class="nump">23,683<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">72,162<span></span>
</td>
<td class="nump">34,796<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Domestic growth</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">73,345<span></span>
</td>
<td class="nump">47,595<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | International and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">43,167<span></span>
</td>
<td class="nump">27,481<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | U.S. Government</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">28,960<span></span>
</td>
<td class="nump">40,962<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Municipals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">41,131<span></span>
</td>
<td class="nump">43,789<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Corporate and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">39,528<span></span>
</td>
<td class="nump">54,671<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">517,977<span></span>
</td>
<td class="nump">468,329<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">220<span></span>
</td>
<td class="nump">231<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">220<span></span>
</td>
<td class="nump">231<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">517,977<span></span>
</td>
<td class="nump">468,329<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP | Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP | Carrying Amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtFairValue', window );">Long-term debt</a></td>
<td class="nump">480,589<span></span>
</td>
<td class="nump">420,875<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_OtherInvestmentsFairValueDisclosure', window );">Other investments</a></td>
<td class="nump">220<span></span>
</td>
<td class="nump">231<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">306,444<span></span>
</td>
<td class="nump">272,977<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">221,862<span></span>
</td>
<td class="nump">196,436<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">84,582<span></span>
</td>
<td class="nump">76,541<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Commodity derivatives</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Commodity derivative assets</a></td>
<td class="nump">6,939<span></span>
</td>
<td class="nump">5,224<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Commodity derivative liabilities</a></td>
<td class="num">(5,125)<span></span>
</td>
<td class="num">(2,339)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet', window );">Net</a></td>
<td class="nump">1,814<span></span>
</td>
<td class="nump">2,885<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Commodity derivatives | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Commodity derivative assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Commodity derivative liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet', window );">Net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Commodity derivatives | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssets', window );">Commodity derivative assets</a></td>
<td class="nump">6,939<span></span>
</td>
<td class="nump">5,224<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeLiabilities', window );">Commodity derivative liabilities</a></td>
<td class="num">(5,125)<span></span>
</td>
<td class="num">(2,339)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet', window );">Net</a></td>
<td class="nump">1,814<span></span>
</td>
<td class="nump">2,885<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">8,151<span></span>
</td>
<td class="nump">23,683<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Cash and cash equivalents | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">8,151<span></span>
</td>
<td class="nump">23,683<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Cash and cash equivalents | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">72,162<span></span>
</td>
<td class="nump">34,796<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic value | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">72,162<span></span>
</td>
<td class="nump">34,796<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic value | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic growth</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">73,345<span></span>
</td>
<td class="nump">47,595<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic growth | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">73,345<span></span>
</td>
<td class="nump">47,595<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Domestic growth | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | International and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">43,167<span></span>
</td>
<td class="nump">27,481<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | International and other | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">39,931<span></span>
</td>
<td class="nump">27,481<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | International and other | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">3,236<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | U.S. Government</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">28,960<span></span>
</td>
<td class="nump">40,962<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | U.S. Government | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">28,273<span></span>
</td>
<td class="nump">39,723<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | U.S. Government | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">687<span></span>
</td>
<td class="nump">1,239<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Municipals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">41,131<span></span>
</td>
<td class="nump">43,789<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Municipals | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Municipals | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">41,131<span></span>
</td>
<td class="nump">43,789<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Corporate and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">39,528<span></span>
</td>
<td class="nump">54,671<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Corporate and other | Level 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">23,158<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember', window );">Fair Value, Measurements, Recurring | PNM | Corporate and other | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems', window );"><strong>Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecurities', window );">Investments</a></td>
<td class="nump">$ 39,528<span></span>
</td>
<td class="nump">$ 31,513<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_OtherInvestmentsFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Investments Fair Value Disclosure</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_OtherInvestmentsFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AvailableForSaleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 25<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=75030427&amp;loc=d3e22054-111558<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -Subparagraph (aa)<br> -URI http://asc.fasb.org/extlink&amp;oid=82897076&amp;loc=d3e27232-111563<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82896770&amp;loc=d3e26610-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=82849420&amp;loc=SL20226008-175313<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=82849420&amp;loc=SL20226008-175313<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13495-108611<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13433-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableFairValueDisclosure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CashAndCashEquivalentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_CashAndCashEquivalentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticGrowthMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_DomesticGrowthMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MultinationalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=pnm_MultinationalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_USTreasuryAndGovernmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_USTreasuryAndGovernmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MunicipalBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_MunicipalBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_OtherDebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis=us-gaap_OtherDebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6879689984">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 03, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Feb. 28, 2017</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Jan. 01, 2015</div></th>
<th class="th"><div>Mar. 31, 2012</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross', window );">Number of shares granted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Vesting period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized', window );">Unrecognized expense related to stock awards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,800,000<span></span>
</td>
<td class="nump">$ 4,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount', window );">Excess tax benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 200,000<span></span>
</td>
<td class="nump">$ 2,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption', window );">Cumulative effect adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,382,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward', window );"><strong>Restricted Stock, Shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod', window );">Expired (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward', window );"><strong>Restricted Stock, Weighted- Average Grant Date Fair Value</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice', window );">Expired (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward', window );"><strong>Stock Options, Shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Outstanding at beginning of period (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">305,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod', window );">Granted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(109,433)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod', window );">Forfeited (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod', window );">Expired (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Outstanding at end of period (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">193,441<span></span>
</td>
<td class="nump">193,441<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">305,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward', window );"><strong>Stock Options, Weighted- Average Exercise Price</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Outstanding at beginning of period (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 12.29<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice', window );">Granted (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice', window );">Exercised (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.89<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice', window );">Forfeited (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice', window );">Expired (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30.50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice', window );">Outstanding at end of period (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9.98<span></span>
</td>
<td class="nump">9.98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 12.29<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant date fair value of options granted (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue', window );">Total fair value of options that vested</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue', window );">Total intrinsic value of options exercised</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,234,000<span></span>
</td>
<td class="nump">$ 1,208,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember', window );">Chairman, President, and Chief Executive Officer | Common stock | Achieves a specified improvement in total shareholder return at the end of 2016 compared to 2011 and she remains an employee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares received if achieves specified improvement in total shareholders return (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">135,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember', window );">Chairman, President, and Chief Executive Officer | Common stock | Achieves specified improvement in total shareholder return at end of 2014 compared to 2011 and she remains employee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares received if achieves specified improvement in total shareholders return (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember', window );">Chairman, President, and Chief Executive Officer | Common stock | Achieves specified improvement In total shareholder return at end of 2015 compared to 2011 and she remains employee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares received if achieves specified improvement in total shareholders return (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember', window );">Chairman, President, and Chief Executive Officer | Common stock | Achieves a specific performance target by the end of 2019 and she remains an employee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares received if achieves specified improvement in total shareholders return (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53,859<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember', window );">Chairman, President, and Chief Executive Officer | Common stock | Achieves a specific performance target by the end of 2017 and she remains an employee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized', window );">Shares received if achieves specified improvement in total shareholders return (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,953<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember', window );">Executive Vice President and Chief Financial Officer | Common stock | Achieved performance target for 2015 and 2016</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock', window );">Share-based compensation arrangement by share-based payment award, purchase price of common stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant', window );">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward', window );"><strong>Restricted Stock, Shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod', window );">Granted (in shares)</a></td>
<td class="nump">2,754<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward', window );"><strong>Restricted Stock, Weighted- Average Grant Date Fair Value</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Granted (in dollars per share)</a></td>
<td class="nump">$ 36.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant date fair value (in dollars per share)</a></td>
<td class="nump">$ 36.30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TitleOfIndividualAxis=pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember', window );">Executive Vice President and Chief Financial Officer | Common stock | Achieved performance target for 2015, 2016 and 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock', window );">Share-based compensation arrangement by share-based payment award, purchase price of common stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 275,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember', window );">Retained Earnings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption', window );">Cumulative effect adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,382,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201609Member', window );">Accounting Standards Update 2016-09</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilitiesNet', window );">Accumulated deferred income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,400,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201609Member', window );">Accounting Standards Update 2016-09 | Retained Earnings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption', window );">Cumulative effect adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount', window );">Excess tax benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">1,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount', window );">Excess tax benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">$ 600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=pnm_RestrictedStockAndPerformanceSharesMember', window );">Restricted Shares and Performance Based Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1', window );">Period of time stock expense is expected to be recognized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year 9 months 26 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate', window );">Expected quarterly dividends per share (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.2425<span></span>
</td>
<td class="nump">$ 0.2200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate', window );">Risk-free interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.50%<span></span>
</td>
<td class="nump">0.94%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember', window );">Restricted Stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward', window );"><strong>Restricted Stock, Shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Outstanding at beginning of period (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">218,316<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod', window );">Granted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">248,271<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod', window );">Exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(270,855)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod', window );">Forfeited (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,012)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod', window );">Expired (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber', window );">Outstanding at end of period (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">191,720<span></span>
</td>
<td class="nump">191,720<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">218,316<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward', window );"><strong>Restricted Stock, Weighted- Average Grant Date Fair Value</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue', window );">Outstanding at beginning of period (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27.59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Granted (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23.06<span></span>
</td>
<td class="nump">$ 26.49<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue', window );">Exercised (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.92<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue', window );">Forfeited (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29.96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice', window );">Expired (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue', window );">Outstanding at end of period (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 31.10<span></span>
</td>
<td class="nump">$ 31.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 27.59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward', window );"><strong>Stock Options, Shares</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod', window );">Expired (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward', window );"><strong>Stock Options, Weighted- Average Exercise Price</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice', window );">Expired (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue', window );">Weighted-average grant date fair value (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 23.06<span></span>
</td>
<td class="nump">$ 26.49<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue', window );">Total fair value of restricted shares that vested</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,666,000<span></span>
</td>
<td class="nump">$ 5,011,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember', window );">Performance Shares | Executive</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber', window );">Shares granted (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">49,682<span></span>
</td>
<td class="nump">49,682<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber', window );">Shares exercised (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">49,682<span></span>
</td>
<td class="nump">49,682<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets', window );">Weighted percentage assigned to achieving market targets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60.00%<span></span>
</td>
<td class="nump">60.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets', window );">Weighted percentage assigned to achieving performance targets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40.00%<span></span>
</td>
<td class="nump">40.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne', window );">Maximum number of shares awarded in year 1 (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">163,712<span></span>
</td>
<td class="nump">163,712<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo', window );">Maximum number of shares awarded in year 2 (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">137,036<span></span>
</td>
<td class="nump">137,036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree', window );">Maximum number of shares awarded in year 3 (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">133,632<span></span>
</td>
<td class="nump">133,632<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Performanceperiod', window );">Performance period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=pnm_MarketBasedSharesMember', window );">Market-Based Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate', window );">Risk-free interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.54%<span></span>
</td>
<td class="nump">0.97%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate', window );">Dividend yield</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.67%<span></span>
</td>
<td class="nump">2.74%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate', window );">Expected volatility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.80%<span></span>
</td>
<td class="nump">20.44%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember', window );">Stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue', window );">Aggregate intrinsic value of stock options outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,900,000<span></span>
</td>
<td class="nump">$ 5,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2', window );">Weighted-average remaining contract life</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year 9 months 18 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice', window );">Number of outstanding stock options with an exercise price greater than the closing price (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PlanNameAxis=pnm_PerformanceEquityPlanMember', window );">Performance Equity Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems', window );"><strong>Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1', window );">Vesting period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate', window );">Vesting rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Performanceperiod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Performance period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Performanceperiod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Expected Quarterly Dividend Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedQuarterlyDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year One</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearOne</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Three</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares in Year Two</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share Based Compensation Arrangement by Share Based Payment Award Options Outstanding Shares Above Entities Stock Price</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingSharesAboveEntitiesStockPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share Based Compensation Arrangement by Share Based Payment Award Options Vested in Period Total Fair Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Vesting Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Exercised, Included in Shares Outstanding, Number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockExercisedIncludedinSharesOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based Compensation Arrangement by Share-based Payment Award, Previously Awarded Restricted Stock Granted, Included in Shares Outstanding, Number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_SharebasedCompensationArrangementbySharebasedPaymentAwardPreviouslyAwardedRestrictedStockGrantedIncludedinSharesOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share based Compensation, weighted percentage assigned to achieving market targets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_SharebasedCompensationweightedpercentageassignedtoachievingmarkettargets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share based Compensation, weighted percentage assigned to achieving performance targets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_SharebasedCompensationweightedpercentageassignedtoachievingperformancetargets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based compensation arrangement by share-based payment award, Purchase price of common stock</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_SharebasedcompensationarrangementbysharebasedpaymentawardPurchasepriceofcommonstock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31931-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrecognized cost of unvested share-based compensation awards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(2)(iii)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The risk-free interest rate assumption that is used in valuing an option on its own shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (f)(2)(iv)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross number of share options (or share units) granted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (d)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which option holders acquired shares when converting their stock options into shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options of the plan that expired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share options (or share units) exercised during the current period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(iv)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TitleOfIndividualAxis=pnm_ChairmanPresidentAndChiefExecutiveOfficerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2016ComparedTo2011AndSheRemainsEmployeeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2014ComparedTo2011AndSheRemainsEmployeeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_AchievesSpecifiedImprovementInTotalShareholderReturnAtEndOf2015ComparedTo2011AndSheRemainsEmployeeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_Achievesaspecificperformancetargetbytheendof2019andsheremainsanemployeeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedSpecifiedImprovementInTotalShareholderReturnTimeFrameAxis=pnm_Achievesaspecificperformancetargetbytheendof2017andsheremainsanemployeeMemberMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TitleOfIndividualAxis=pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TitleOfIndividualAxis=pnm_ExecutiveVicePresidentandChiefFinancialOfficerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedspecifiedperformancetargettimeframeAxis=pnm_Achievedperformancetargetfor2015and2016Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedspecifiedperformancetargettimeframeAxis=pnm_Achievedperformancetargetfor2015and2016Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AchievedspecifiedperformancetargettimeframeAxis=pnm_Achievedperformancetargetfor20152016and2017Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AchievedspecifiedperformancetargettimeframeAxis=pnm_Achievedperformancetargetfor20152016and2017Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_RetainedEarningsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201609Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201609Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=pnm_RestrictedStockAndPerformanceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=pnm_RestrictedStockAndPerformanceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TitleOfIndividualAxis=us-gaap_ManagementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TitleOfIndividualAxis=us-gaap_ManagementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=pnm_MarketBasedSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=pnm_MarketBasedSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PlanNameAxis=pnm_PerformanceEquityPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PlanNameAxis=pnm_PerformanceEquityPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6880830688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financing - Financing Activities (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jul. 28, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 20, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Feb. 01, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>derivative</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>Extension </div>
<div>derivative</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jun. 14, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 21, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Sep. 30, 2015</div></th>
<th class="th">
<div>Mar. 09, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths', window );">Estimated principal payments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 265,700,000<span></span>
</td>
<td class="nump">$ 265,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFixedInterestRate', window );">Fixed interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.927%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember', window );">Interest rate contract</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeNumberOfInstrumentsHeld', window );">Number of hedging agreements (in derivatives) | derivative</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember', window );">PNMR 2016 One-Year Term Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentTerm', window );">Term of loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted-average interest rate for short-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.09%<span></span>
</td>
<td class="nump">2.09%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2015TermLoanAgreementMember', window );">PNMR 2015 Term Loan Agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeVariableInterestRate', window );">Interest rate at period end</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.14%<span></span>
</td>
<td class="nump">2.14%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016TwoYearTermLoanMember', window );">PNMR 2016 Two-Year Term Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Term loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000,000.0<span></span>
</td>
<td class="nump">$ 100,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage', window );">Variable interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.19%<span></span>
</td>
<td class="nump">2.19%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentTerm', window );">Term of loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember', window );">Variable rate short-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 50,000,000.0<span></span>
</td>
<td class="nump">$ 50,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1', window );">Term of hedging agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember', window );">Variable rate short-term debt | Interest rate contract, 1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFixedInterestRate', window );">Fixed interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.926%<span></span>
</td>
<td class="nump">1.926%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember', window );">Variable rate short-term debt | Interest rate contract, 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFixedInterestRate', window );">Fixed interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.823%<span></span>
</td>
<td class="nump">1.823%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember', window );">Variable rate short-term debt | Interest rate contract, 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeFixedInterestRate', window );">Fixed interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.629%<span></span>
</td>
<td class="nump">1.629%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember', window );">Cash flow hedge | Level 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss', window );">Fair value gain (loss) (less than)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 300,000<span></span>
</td>
<td class="num">$ (100,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember', window );">Cash flow hedge | Level 2 | Interest rate contract, 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss', window );">Fair value gain (loss) (less than)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember', window );">Cash flow hedge | Level 2 | Interest rate contracts, 1 and 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss', window );">Fair value gain (loss) (less than)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (500,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval', window );">Maturity term over which financings require regulator approval (more than)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">18 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_NMCapitalMember', window );">NM Capital | Coal supply | San Juan Coal Company, Westmoreland</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty', window );">Payments to fund long-term loans to unaffiliated third party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember', window );">Line of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RatioOfDebtToCapitalMaximum', window );">Ratio of debt to capital (less than or equal to)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_PNMR2015TermLoanAgreementMember', window );">PNMR 2015 Term Loan Agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Term loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 150,000,000.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_PNM2016TermLoanAgreementMember', window );">PNM 2016 Term Loan Agreement | PNM | JPMorgan Chase Bank, N.A. and U.S. Bank National Association</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">175,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember', window );">BTMU Term Loan Agreement | NM Capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Term loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="nump">$ 60,900,000<span></span>
</td>
<td class="nump">$ 60,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths', window );">Estimated principal payments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,700,000<span></span>
</td>
<td class="nump">$ 15,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LetterOfCreditMember', window );">Letter of credit | PNMR | JPM LOC Facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30,300,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_FirstMortgageBondMember', window );">First mortgage bonds | TNMP | Interest Rate of 3.22%, Due 2027 | Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.22%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 60,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_PollutionControlRevenueBondsMember', window );">Pollution Control Revenue Bonds | PNM | Pollution Control Revenue Bonds due June 1, 2040</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.125%<span></span>
</td>
<td class="nump">2.125%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Outstanding balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 37,000,000<span></span>
</td>
<td class="nump">$ 37,000,000<span></span>
</td>
<td class="nump">37,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_PollutionControlRevenueBondsMember', window );">Pollution Control Revenue Bonds | PNM | Pollution Control Revenue Bonds due June 1, 2042</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.45%<span></span>
</td>
<td class="nump">2.45%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCarryingAmount', window );">Outstanding balance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember', window );">Term loan agreement with banks | PNM | PNM 2017 Term Loan Agreement | JPMorgan Chase Bank, N.A. and U.S. Bank National Association</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtInstrumentCovenantDebttoCapitalRatio', window );">Covenant that requires the maintenance of a debt-to-capital ratio (less than or equal to)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 200,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | Senior Unsecured Note Agreement (SUNs)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtInstrumentCovenantDebttoCapitalRatio', window );">Covenant that requires the maintenance of a debt-to-capital ratio (less than or equal to)</a></td>
<td class="nump">65.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 450,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018 | Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">350,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in August 2018 | Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 3.15%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">3.15%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 55,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 3.45%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">3.45%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 104,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 3.68%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">3.68%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 88,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 3.93%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">3.93%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 38,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 4.22%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">4.22%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 45,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in May 2018, Interest rate of 4.50%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">4.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in August 2018, Interest rate of 3.78%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">3.78%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 15,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember', window );">Senior Unsecured Notes | PNM | SUNs, Issuance in August 2018, Interest rate of 4.60%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="nump">4.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Aggregate principal amount</a></td>
<td class="nump">$ 85,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember', window );">Unsecured debt | PNM | Senior Unsecured Notes, Maturity in May 2018, 7.95%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.95%<span></span>
</td>
<td class="nump">7.95%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExtinguishmentOfDebtAmount', window );">Amount of senior unsecured notes to be repaid with SUN proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 350,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnsecuredLongTermDebt', window );">Senior Unsecured Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 450,000,000<span></span>
</td>
<td class="nump">$ 450,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember', window );">Unsecured debt | PNM | Senior Unsecured Notes, Maturity in August 2018, 7.50%</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.50%<span></span>
</td>
<td class="nump">7.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnsecuredLongTermDebt', window );">Senior Unsecured Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000,000.0<span></span>
</td>
<td class="nump">$ 100,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_PNM2017TermLoanAgreementMember', window );">PNM 2017 Term Loan Agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeVariableInterestRate', window );">Interest rate at period end</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.97%<span></span>
</td>
<td class="nump">1.97%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember', window );">PNMR Revolving Credit Facility | PNMR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted-average interest rate for short-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.49%<span></span>
</td>
<td class="nump">2.49%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember', window );">LIBOR | BTMU Term Loan Agreement | NM Capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Stated interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.06%<span></span>
</td>
<td class="nump">4.06%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember', window );">Revolving credit facility | TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtIstrumentNumberOfExtensionOptions', window );">Number of extension options | Extension</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears', window );">Extension option on term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtInstrumentCovenantDebttoCapitalRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Covenant, Debt-to-Capital Ratio</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtInstrumentCovenantDebttoCapitalRatio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Extension Option On Term Number Of Years</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtIstrumentNumberOfExtensionOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Istrument, Number Of Extension Options</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtIstrumentNumberOfExtensionOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments to fund long-term loans to unaffiliated third party</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Maturity term over which financings require regulator approval</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesMaturitytermoverwhichfinancingsrequireregulatorapproval</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RatioOfDebtToCapitalMaximum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Ratio of debt to capital, maximum</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RatioOfDebtToCapitalMaximum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateEffectivePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeFixedInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fixed interest rate related to the interest rate derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeFixedInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeNumberOfInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of derivative instruments of a particular group held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5580258-113959<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5579245-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeNumberOfInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeVariableInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable interest rate in effect as of the balance sheet date related to the interest rate derivative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeVariableInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExtinguishmentOfDebtAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross amount of debt extinguished.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ExtinguishmentOfDebtAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum period the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=35736893&amp;loc=d3e80748-113994<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average interest rate of short-term debt outstanding calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of unrealized gain (loss) related to the increase or decrease in fair value of interest rate derivatives designated as cash flow hedging instruments, which was recorded in accumulated other comprehensive income to the extent that the cash flow hedge was determined to be effective.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624171-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnsecuredLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of uncollateralized debt obligation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnsecuredLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2015TermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PNMR2015TermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016TwoYearTermLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PNMR2016TwoYearTermLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_VariableRateShortTermDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractsContractOneandContractTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentRiskAxis=pnm_InterestRateContractsContractOneandContractTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_NMCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_NMCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_PNMR2015TermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_PNMR2015TermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_PNM2016TermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_PNM2016TermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityAxis=pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityAxis=pnm_JPMorganChaseBankN.A.andU.S.BankNationalAssociationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_LetterOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_LetterOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PnmrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PnmrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_Letterorcredit30milJPMorganMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_Letterorcredit30milJPMorganMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_FirstMortgageBondMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_FirstMortgageBondMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_InterestRateof3.22Due2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_InterestRateof3.22Due2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_PollutionControlRevenueBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_PollutionControlRevenueBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PollutionControlRevenueBondsdueJune12040Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PollutionControlRevenueBondsdueJune12040Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PollutionControlRevenueBondsdueJune12042Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PollutionControlRevenueBondsdueJune12042Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PNM2017TermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PNM2017TermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.15Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.45Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.68Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof3.93Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.22Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinMay2018InterestRateof4.50Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof3.78Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsIssuanceinAugust2018InterestRateof4.60Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNotesDue2018at7point95percentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNotesDue2018at7point95percentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNotesDue2018at7point50percentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNotesDue2018at7point50percentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_PNM2017TermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_PNM2017TermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_ParentCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_ParentCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858203312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financing - Short-term Debt and Liquidity (Details)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>Extension</div>
</th>
<th class="th">
<div>Nov. 01, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 20, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 28, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Nov. 30, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">$ 266,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 287,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Letters of credit outstanding</a></td>
<td class="nump">6,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths', window );">Maturities and other repayments due in next 12 months</a></td>
<td class="nump">265,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo', window );">Maturities and other repayments due in the remainder of year two</a></td>
<td class="nump">$ 102,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Remaining borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 635,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_ParentCompanyMember', window );">PNMR | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Remaining borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShortTermDebtDueToRelatedParty', window );">Short-term debt &#8211; affiliate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndInvestments', window );">Consolidated invested cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember', window );">PNMR 2016 One-Year Term Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted-average interest rate for short-term debt</a></td>
<td class="nump">2.09%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentTerm', window );">Term of loan</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">$ 100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember', window );">PNMR Revolving Credit Facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,000,000.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember', window );">PNMR Revolving Credit Facility | PNMR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtWeightedAverageInterestRate', window );">Weighted-average interest rate for short-term debt</a></td>
<td class="nump">2.49%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember', window );">PNMR Revolving Credit Facility | Forecast</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 290,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">61,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Letters of credit outstanding</a></td>
<td class="nump">2,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Remaining borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">397,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndInvestments', window );">Consolidated invested cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Lines of credit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtInstrumentsNMPRCApprovedcreditfacility', window );">NMPRC approved credit facility</a></td>
<td class="nump">50,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths', window );">Maturities and other repayments due</a></td>
<td class="nump">50,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Lines of credit | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Remaining borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Senior Unsecured Note Agreement (SUNs) | Senior Unsecured Notes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debt issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 450,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | PNM Revolving Credit Facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 40,000,000.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | PNM Revolving Credit Facility | Forecast</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 360,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LettersOfCreditOutstandingAmount', window );">Letters of credit outstanding</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent', window );">Intercompany borrowings</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShortTermDebtDueToRelatedParty', window );">Short-term debt &#8211; affiliate</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">Maturities and other repayments due in 2018</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity', window );">Remaining borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndInvestments', window );">Consolidated invested cash</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember', window );">Revolving credit facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="nump">300,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">166,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">126,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember', window );">Revolving credit facility | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="nump">400,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember', window );">Revolving credit facility | TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Financing capacity</a></td>
<td class="nump">$ 75,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtIstrumentNumberOfExtensionOptions', window );">Number of extension options | Extension</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears', window );">Extension option on term</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember', window );">Revolving credit facility | TNMP | First mortgage bonds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCollateralAmount', window );">Collateral amount</a></td>
<td class="nump">$ 75,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember', window );">Affiliated entity | TNMP | Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ShortTermDebtDueToRelatedParty', window );">Short-term debt &#8211; affiliate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instrument, Extension Option On Term Number Of Years</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtInstrumentExtensionOptionOnTermNumberOfYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtInstrumentsNMPRCApprovedcreditfacility">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Instruments, NMPRC Approved credit facility</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtInstrumentsNMPRCApprovedcreditfacility</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DebtIstrumentNumberOfExtensionOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt Istrument, Number Of Extension Options</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DebtIstrumentNumberOfExtensionOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ShortTermDebtDueToRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Short Term Debt Due to Related Party</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ShortTermDebtDueToRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentCollateralAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets pledged to secure a debt instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 470<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentCollateralAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LettersOfCreditOutstandingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LettersOfCreditOutstandingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second rolling twelve months following the latest balance sheet. For interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayableRelatedPartiesClassifiedCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayableRelatedPartiesClassifiedCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash and investments whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. For use in an unclassified balance sheet.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtWeightedAverageInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average interest rate of short-term debt outstanding calculated at point in time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtWeightedAverageInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_ParentCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_ParentCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_PNMR2016OneYearTermLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditFacilityAxis=pnm_PNMRRevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=us-gaap_ScenarioForecastMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=us-gaap_ScenarioForecastMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_LocalLinesOfCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_LocalLinesOfCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_SeniorUnsecuredNoteAgreementSUNsPrivatePlacementTransactionwithInstitutionalInvestorsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_SeniorUnsecuredNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CreditFacilityAxis=pnm_PNMRevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CreditFacilityAxis=pnm_PNMRevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=pnm_FirstMortgageBondsDue2019Series2009Aat9point50percentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R51.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6853764352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Pension and Other Postretirement Benefit Plans (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Pension Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">6,727,000<span></span>
</td>
<td class="nump">7,577,000<span></span>
</td>
<td class="nump">20,181,000<span></span>
</td>
<td class="nump">22,731,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="num">(8,451,000)<span></span>
</td>
<td class="num">(8,854,000)<span></span>
</td>
<td class="num">(25,352,000)<span></span>
</td>
<td class="num">(26,562,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="nump">4,001,000<span></span>
</td>
<td class="nump">3,455,000<span></span>
</td>
<td class="nump">12,004,000<span></span>
</td>
<td class="nump">10,365,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="num">(241,000)<span></span>
</td>
<td class="num">(241,000)<span></span>
</td>
<td class="num">(724,000)<span></span>
</td>
<td class="num">(724,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">2,036,000<span></span>
</td>
<td class="nump">1,937,000<span></span>
</td>
<td class="nump">6,109,000<span></span>
</td>
<td class="nump">5,810,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Pension Plan | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate', window );">Assumptions used calculating net periodic benefit cost, discount rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Pension Plan | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate', window );">Assumptions used calculating net periodic benefit cost, discount rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | OPEB Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">24,000<span></span>
</td>
<td class="nump">35,000<span></span>
</td>
<td class="nump">$ 72,000<span></span>
</td>
<td class="nump">105,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">1,006,000<span></span>
</td>
<td class="nump">1,087,000<span></span>
</td>
<td class="nump">3,019,000<span></span>
</td>
<td class="nump">3,260,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="num">(1,308,000)<span></span>
</td>
<td class="num">(1,371,000)<span></span>
</td>
<td class="num">(3,923,000)<span></span>
</td>
<td class="num">(4,113,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="nump">921,000<span></span>
</td>
<td class="nump">286,000<span></span>
</td>
<td class="nump">2,762,000<span></span>
</td>
<td class="nump">858,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="num">(416,000)<span></span>
</td>
<td class="num">(7,000)<span></span>
</td>
<td class="num">(1,248,000)<span></span>
</td>
<td class="num">(22,000)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">227,000<span></span>
</td>
<td class="nump">30,000<span></span>
</td>
<td class="nump">682,000<span></span>
</td>
<td class="nump">88,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">800,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">2,400,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Executive Retirement Program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">203,000<span></span>
</td>
<td class="nump">523,000<span></span>
</td>
<td class="nump">609,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="nump">78,000<span></span>
</td>
<td class="nump">64,000<span></span>
</td>
<td class="nump">235,000<span></span>
</td>
<td class="nump">192,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">252,000<span></span>
</td>
<td class="nump">267,000<span></span>
</td>
<td class="nump">758,000<span></span>
</td>
<td class="nump">801,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">400,000<span></span>
</td>
<td class="nump">400,000<span></span>
</td>
<td class="nump">1,200,000<span></span>
</td>
<td class="nump">1,200,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">5,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear', window );">Total expected employer contributions for fiscal year</a></td>
<td class="nump">1,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | Pension Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">722,000<span></span>
</td>
<td class="nump">826,000<span></span>
</td>
<td class="nump">2,165,000<span></span>
</td>
<td class="nump">2,478,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="num">(945,000)<span></span>
</td>
<td class="num">(986,000)<span></span>
</td>
<td class="num">(2,834,000)<span></span>
</td>
<td class="num">(2,957,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="nump">231,000<span></span>
</td>
<td class="nump">175,000<span></span>
</td>
<td class="nump">692,000<span></span>
</td>
<td class="nump">525,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">8,000<span></span>
</td>
<td class="nump">15,000<span></span>
</td>
<td class="nump">23,000<span></span>
</td>
<td class="nump">46,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | Pension Plan | Minimum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate', window );">Assumptions used calculating net periodic benefit cost, discount rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | Pension Plan | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate', window );">Assumptions used calculating net periodic benefit cost, discount rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | OPEB Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">36,000<span></span>
</td>
<td class="nump">46,000<span></span>
</td>
<td class="nump">$ 107,000<span></span>
</td>
<td class="nump">139,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">139,000<span></span>
</td>
<td class="nump">169,000<span></span>
</td>
<td class="nump">417,000<span></span>
</td>
<td class="nump">508,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="num">(114,000)<span></span>
</td>
<td class="num">(122,000)<span></span>
</td>
<td class="num">(342,000)<span></span>
</td>
<td class="num">(367,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="num">(20,000)<span></span>
</td>
<td class="num">(10,000)<span></span>
</td>
<td class="num">(60,000)<span></span>
</td>
<td class="num">(30,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">41,000<span></span>
</td>
<td class="nump">83,000<span></span>
</td>
<td class="nump">122,000<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">700,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">1,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear', window );">Total expected employer contributions for fiscal year</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | Executive Retirement Program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanServiceCost', window );">Service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanInterestCost', window );">Interest cost</a></td>
<td class="nump">8,000<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="nump">25,000<span></span>
</td>
<td class="nump">30,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets', window );">Expected return on plan assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses', window );">Amortization of net (gain) loss</a></td>
<td class="nump">2,000<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">7,000<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit', window );">Amortization of prior service cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost', window );">Net Periodic Benefit Cost</a></td>
<td class="nump">10,000<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
<td class="nump">32,000<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive', window );">Total expected employer contributions for future fiscal years</a></td>
<td class="nump">400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear', window );">Total expected employer contributions for fiscal year</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Texas-New Mexico Power Company | Executive Retirement Program | Maximum</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract', window );"><strong>Components of Net Periodic Benefit Cost</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanContributionsByEmployer', window );">Contributions by employer</a></td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Defined Benefit Plan, Estimated Future Employer Contributions in Year Two Through Year Five</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DefinedBenefitPlanEstimatedFutureEmployerContributionsinYearTwoThroughYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Defined Benefit Plan Total Expected Employer Contributions for Fiscal Year</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DefinedBenefitPlanTotalExpectedEmployerContributionsForFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)(5)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (k)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanContributionsByEmployer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of contribution received by defined benefit plan from employer which increases plan assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)(5)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e2709-114920<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)(5)(iv)(01)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanContributionsByEmployer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanInterestCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost recognized for passage of time related to defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanInterestCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of net periodic benefit cost (credit) for defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanServiceCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (h)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82843861&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanServiceCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPensionPlansDefinedBenefitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPensionPlansDefinedBenefitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R52.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6850810688">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies - Nuclear Spent Fuel and Waste Disposal (Details) - PNM - Nuclear spent fuel and waste disposal - Palo Verde Nuclear Generating Station - USD ($)<br></strong></div></th>
<th class="th"><div>May 16, 2014</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 57,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RevisedAnnualFeeNuclearWasteDisposal', window );">Revised annual fee, nuclear waste disposal</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">Other deferred credits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Loss contingency accrual</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 12,100,000<span></span>
</td>
<td class="nump">$ 12,100,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RevisedAnnualFeeNuclearWasteDisposal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Revised Annual Fee, Nuclear Waste Disposal</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RevisedAnnualFeeNuclearWasteDisposal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss contingency liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAccrualAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyEstimateOfPossibleLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyEstimateOfPossibleLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=pnm_NuclearSpentFuelAndWasteDisposalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=pnm_NuclearSpentFuelAndWasteDisposalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FinancialStatementLocationAxis=pnm_OtherDeferredCreditsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FinancialStatementLocationAxis=pnm_OtherDeferredCreditsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R53.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6984386096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies - The Clean Air Act (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="4">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Feb. 25, 2016</div></th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 16, 2015 </div>
<div>USD ($) </div>
<div>MWh </div>
<div>MW</div>
</th>
<th class="th">
<div>Jul. 31, 2015 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Mar. 02, 2015 </div>
<div>lb / MMBTU </div>
<div>T</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>lbsofnox / mmbtu </div>
<div>joint_owner </div>
<div>requirement </div>
<div>MW</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Mar. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>lbsofnox / mmbtu </div>
<div>joint_owner </div>
<div>requirement </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jan. 26, 2016 </div>
<div>state</div>
</th>
<th class="th">
<div>Oct. 01, 2015 </div>
<div>parts_per_billion</div>
</th>
<th class="th">
<div>Sep. 30, 2015 </div>
<div>parts_per_billion</div>
</th>
<th class="th">
<div>May 14, 2015 </div>
<div>lb / MMBTU</div>
</th>
<th class="th"><div>Dec. 30, 2013</div></th>
<th class="th">
<div>Apr. 30, 2013 </div>
<div>well</div>
</th>
<th class="th">
<div>Feb. 28, 2013 </div>
<div>lawsuit </div>
<div>state </div>
<div>mine</div>
</th>
<th class="th">
<div>Aug. 06, 2012 </div>
<div>compliance_alternative</div>
</th>
<th class="th">
<div>Jan. 31, 2010 </div>
<div>parts_per_billion</div>
</th>
<th class="th">
<div>Jul. 31, 2005 </div>
<div>T</div>
</th>
<th class="th">
<div>Dec. 31, 1999 </div>
<div>state</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16,451,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 17,225,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,133,646,000<span></span>
</td>
<td class="nump">$ 6,944,534,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,133,646,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,944,534,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Accumulated depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,431,695,000<span></span>
</td>
<td class="nump">2,334,938,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,431,695,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,334,938,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActRelatedToRegionalHazeMember', window );">Clean Air Act related to regional haze</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze', window );">Number of states to address regional haze (in states) | state</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum', window );">Potential to emit tons per year of visibility impairing pollution (in tons, more than) | T</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanPowerPlanMember', window );">Clean Power Plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets', window );">Period of potential extension to meet environmental targets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">2 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan', window );">Number of states that filed a petition against the Clean Power Plan | state</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnit4Member', window );">San Juan Generating Station Unit 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofotherowner', window );">Number of other joint owners | joint_owner</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,451,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 17,225,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,463,764,000<span></span>
</td>
<td class="nump">5,359,211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,463,764,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,359,211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Accumulated depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,881,371,000<span></span>
</td>
<td class="nump">1,809,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,881,371,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,809,528,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement', window );">Power to be sold to third party (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered', window );">Estimated costs to remain unrecovered</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Increase in coal mine decommissioning liability</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded', window );">Expense reflected in regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | National Ambient Air Quality Standards, 2015 EPA Legal Settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Periodoftimetoactonsettlement', window );">Period of time to act on settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">16 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEmissionsTonsofSO2peryear', window );">Emissions tons of SO2 per year (more than) | T</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | National Ambient Air Quality Standards, 2015 EPA Legal Settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans', window );">Period of time from state designation, to provide implementation plans</a></td>
<td class="text">36 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | WEG v OSM lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofminesimpacted', window );">Number of mines impacted | mine</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofstatesimpacted', window );">Number of states impacted | state</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofclaimsforrelieffiled', window );">Number of claims for relief, filed (in lawsuits) | lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Santa Fe generating station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofwellswithelevatedlevelsofnitrates', window );">Number of wells with elevated levels of nitrates | well</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Units 2 and 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService', window );">Plant in service, held for future use, and to be abandoned</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 471,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 471,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation', window );">Accumulated depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NetBookValue', window );">Net book value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 260,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 260,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Units 2 and 3 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts', window );">Current ownership interest (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV', window );">Time period to recover retired units' remaining net book value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117', window );">Recovery percentage of estimated undepreciated value at 12/31/17</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 127,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded', window );">Expense reflected in regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (2,300,000)<span></span>
</td>
<td class="nump">$ 5,200,000<span></span>
</td>
<td class="nump">$ 800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance', window );">Accumulated plant write-off, disallowance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 128,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 128,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant', window );">Net carrying value of utility plant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 131,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 131,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station | WEG v OSM lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofclaimsforrelieffiled', window );">Number of claims for relief, filed (in lawsuits) | lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Unit 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts', window );">Additional ownership to be obtained (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65<span></span>
</td>
<td class="nump">132<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedratebasevalueat112018', window );">Estimated rate base value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CoalfiredgenerationinMegawatts', window );">Coal-fired generation (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">197<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020', window );">Number of megawatt hours of Renewable Energy Certificates to be acquired and retired (in megawatt hours) | MWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Percentageofownershipheldbyexitingowners', window );">Percentage of ownership held by exiting owners</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Unit 4 | Clean Air Act, Post-2022 coal supply future rate case</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase', window );">Period of time agreed to by all parties to settle rate case</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Unit 4 | Clean Air Act, SNCR Hearing Examiner, Recommended Denial</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts', window );">Additional ownership to be obtained (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">132<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | San Juan Generating Station Unit 3 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Percentageofownershipheldbyexitingowners', window );">Percentage of ownership held by exiting owners</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Palo Verde Nuclear Generating Station Unit 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration', window );">Number of megawatts nuclear generation (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">134<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">134<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Palo Verde Nuclear Generating Station Unit 3 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration', window );">Number of megawatts nuclear generation (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">134<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117', window );">Estimated undepreciated value at 12/31/17</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 155,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Four Corners | Clean Air Act related to post combustion controls</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberOfComplianceAlternatives', window );">Number of compliance alternatives | compliance_alternative</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit', window );">Plant requirement to meet NOx emissions limit (in pounds of NOx per MMBTU) | lbsofnox / mmbtu</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage', window );">Plant requirement to meet opacity limit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations', window );">Rule imposes opacity limitation on certain fugitive dust emissions from coal and material handling operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 89,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 89,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Four Corners Units 4 and 5 (Coal) | Clean Air Act related to post combustion controls</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Four Corners Units 1, 2 and 3 (Coal) | Clean Air Act related to post combustion controls</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other Costs | San Juan Generating Station Units 1 and 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InstallationCapitalCosts', window );">Installation costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 77,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PNMRDevelopmentMember', window );">PNMR Development | San Juan Generating Station Unit 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts', window );">Additional ownership to be obtained (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded', window );">Expense reflected in regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts', window );">Potential acquisition of ownership (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum | PNM | San Juan Generating Station Unit 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits', window );">Annual cost of Renewable Energy Credits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum | PNM | San Juan Generating Station and Four Corners</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit', window );">Proposed government standard emission limit (in ozone parts per million) | parts_per_billion</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">70<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesGovernmentStandardEmissionLimit', window );">Government standard emission limit (in ozone parts per million) | parts_per_billion</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">70<span></span>
</td>
<td class="nump">75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | PNM | National Ambient Air Quality Standards, 2015 EPA Legal Settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEmissionsTonsofSO2peryear', window );">Emissions tons of SO2 per year (more than) | T</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilities1hourSO2EmissionsRate', window );">One-hour SO2 emissions rate (in pounds per MMBTU) | lb / MMBTU</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.45<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | PNM | San Juan Generating Station and Four Corners</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit', window );">Proposed government standard emission limit (in ozone parts per million) | parts_per_billion</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=pnm_IncreaseincoalminedecommissioningliabilityMember', window );">Increase in coal mine decommissioning liability | PNM | San Juan Generating Station Units 2 and 3 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">165,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ClassificationOfMineAxis=pnm_SurfaceMember', window );">Surface | Loss on long-term purchase commitment | PNM | San Juan Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EnergyEquipmentMember', window );">Energy equipment | PNMR Development</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAdditions', window );">Costs of installing equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember', window );">Plan | PNM | San Juan Generating Station Units 1 and 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember', window );">Plan | PNM | San Juan Generating Station Unit 4 | Clean Air Act, SNCR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentage', window );">Ownership percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">77.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_SanJuanGeneratingStationMember', window );">San Juan Generating Station | PNM | National Ambient Air Quality Standards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon', window );">Revised SO2 emissions (in pounds per MMBTU) | lb / MMBTU</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_GasfiredgenerationfacilityAxis=pnm_ReevesstationMember', window );">Reeves Station | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Requirementstobeimplemented', window );">Requirements to be implemented | requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CoalfiredgenerationinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>coal-fired generation in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CoalfiredgenerationinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_InstallationCapitalCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Installation Capital Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_InstallationCapitalCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NetBookValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net book value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NetBookValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofclaimsforrelieffiled">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of claims for relief, filed</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofclaimsforrelieffiled</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofminesimpacted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of mines impacted</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofminesimpacted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofstatesimpacted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of states impacted</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofstatesimpacted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of states that filed a petition against the Clean Power Plan</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberofstatesthatfiledapetitionagainsttheCleanPowerPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofwellswithelevatedlevelsofnitrates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of wells with elevated levels of nitrates</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofwellswithelevatedlevelsofnitrates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Percentageofownershipheldbyexitingowners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of ownership held by exiting owners</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Percentageofownershipheldbyexitingowners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of potential extension to submit initial plans to meet environmental targets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Periodofpotentialextensiontosubmitinitialplanstomeetenvironmentaltargets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Periodoftimefromstatedesignationtoprovideimplementationplans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time from state designation, to provide implementation plans</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Periodoftimefromstatedesignationtoprovideimplementationplans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Periodoftimetoactonsettlement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time to act on settlement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Periodoftimetoactonsettlement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilities1hourSO2EmissionsRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, 1-hour SO2 Emissions Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilities1hourSO2EmissionsRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Accumulated plant write-off, disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAccumulatedplantwriteoffdisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Additional Ownership To Be Obtained, in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAdditionalOwnershipToBeObtainedinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Annual cost of Renewable Energy Credits</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAnnualcostofRenewableEnergyCredits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Concentration Risk, Amount To Sell Due To Agreement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesConcentrationRiskAmountToSellDueToAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCurrentownershipinterestinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Current ownership interest, in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCurrentownershipinterestinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEmissionsTonsofSO2peryear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Emissions Tons of SO2 per year</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEmissionsTonsofSO2peryear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:massItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedcoststoremainunrecovered">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated costs to remain unrecovered</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedcoststoremainunrecovered</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedratebasevalueat112018">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated rate base value at 1/1/2018</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedratebasevalueat112018</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated undepreciated value at 12/31/17</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedundepreciatedvalueat123117</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesGovernmentStandardEmissionLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Government Standard Emission Limit</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesGovernmentStandardEmissionLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNetCarryingValueofUtilityPlant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Net Carrying Value of Utility Plant</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNetCarryingValueofUtilityPlant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberOfComplianceAlternatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Compliance alternatives</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberOfComplianceAlternatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of States To Address Regional Haze</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberOfStatesToAddressRegionalHaze</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Megawatt-hours of Renewable Energy Certificates to be acquired and retired beginning Jan 2020</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegawatthoursofRenewableEnergyCertificatestobeacquiredandretiredbeginningJan2020</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Megawatts Nuclear Generation</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofotherowner">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of other owner</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofotherowner</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Ownership Percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Period of time agreed to by all parties to settle rate case</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPeriodoftimeagreedtobyallpartiestosettleratecase</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Plant Requirement to Meet NOx emissions Limit</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPlantRequirementtoMeetNOxemissionsLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Plant Requirement to Meet Opacity Limit, Percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPlantRequirementtoMeetOpacityLimitPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Potential Acquisition of Ownership in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPotentialAcquisitionofOwnershipinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Potential to emit tons per year of visibility impairing pollution, maximum</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPotentialtoemittonsperyearofvisibilityimpairingpollutionmaximum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:massItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Proposed Government Standard Emission Limit</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProposedGovernmentStandardEmissionLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Recovery Percentage of Estimated undepreciated value at 12/31/17</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRecoveryPercentageofEstimatedundepreciatedvalueat123117</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Revised SO2 Emissions Agreed Upon</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRevisedSO2EmissionsAgreedUpon</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Rule Imposes Opacity Limitation on Certain Fugitive Dust Emissions From Coal and Material Handling Operations</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRuleImposesOpacityLimitationOnCertainFugitiveDustEmissionsFromCoalAndMaterialHandlingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Time Period to Recover Retired Units remaining NBV</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesTimePeriodtoRecoverRetiredUnitsremainingNBV</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance, Additional amount recorded</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowanceAdditionalamountrecorded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Requirementstobeimplemented">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Requirements to be implemented</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Requirementstobeimplemented</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyEstimateOfPossibleLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyEstimateOfPossibleLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of acquisition of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period end book value of accumulated depreciation on property, plant and equipment (PPE) that is owned by the regulated operations of the public utility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period end amount of total gross PPE.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesPropertyPlantAndEquipmentPlantInService</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActRelatedToRegionalHazeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActRelatedToRegionalHazeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanPowerPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanPowerPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnit4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnit4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSncrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSncrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_IncreaseincoalminedecommissioningliabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_IncreaseincoalminedecommissioningliabilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandards2015EPALegalSettlementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandardsProposed2016SO2RuleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_WEGvOSMLawsuitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_WEGvOSMLawsuitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_SantaFegeneratingstationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_SantaFegeneratingstationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits2And3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits2And3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActPost2022CoalSupplyfutureratecaseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSNCRHearingExaminerRecommendedDenialMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnit3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnit3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationUnit3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationUnit3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActRelatedToPostCombustionControlsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActRelatedToPostCombustionControlsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersUnits4And5CoalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersUnits4And5CoalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersUnits12and3CoalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersUnits12and3CoalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits1And4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits1And4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PNMRDevelopmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PNMRDevelopmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationAndFourCornersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationAndFourCornersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=pnm_IncreaseincoalminedecommissioningliabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=pnm_IncreaseincoalminedecommissioningliabilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ClassificationOfMineAxis=pnm_SurfaceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ClassificationOfMineAxis=pnm_SurfaceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_LossOnLongTermPurchaseCommitmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_LossOnLongTermPurchaseCommitmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EnergyEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EnergyEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementScenarioAxis=us-gaap_ScenarioPlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandardsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_NationalAmbientAirQualityStandardsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_GasfiredgenerationfacilityAxis=pnm_ReevesstationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_GasfiredgenerationfacilityAxis=pnm_ReevesstationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R54.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6874649440">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies - Coal Supply (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Feb. 01, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jan. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 20, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Feb. 01, 2017</div></th>
<th class="th">
<div>Aug. 01, 2016 </div>
<div>payment</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 56,421,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 56,421,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 73,444,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 16,451,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 17,225,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,883,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,883,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">67,355,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">16,451,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">$ 17,225,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Surface</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssets', window );">Regulatory assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Loss on long-term purchase commitment | Surface</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Loss contingency accrual</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">41,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_FinalReclamationCappedAmountToBeCollected', window );">Final reclamation, capped amount to be collected</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Loss on long-term purchase commitment | Underground</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAccrualAtCarryingValue', window );">Loss contingency accrual</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Loss on long-term purchase commitment | San Juan Generating Station | Surface</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowance', window );">Regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 16,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Loss on long-term purchase commitment | San Juan Generating Station | Underground</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">127,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">127,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember', window );">Coal supply | PNM | San Juan Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage', window );">Estimated increase in coal cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">51.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember', window );">Coal supply | NM Capital | San Juan Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty', window );">Payments to fund long-term loans to unaffiliated third party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates', window );">Loan agreement among several entities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansReceivableBasisSpreadOnVariableRate', window );">Interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.25%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.25%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CoalMineReclamationBondstobepostedwithNMMMD', window );">Requirement to post reclamation bonds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">118,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Cashusedtosupportbankletterorcreditarrangement', window );">Cash used to support bank letter or credit arrangement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember', window );">Coal supply | NM Capital | San Juan Coal Company, Westmoreland</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty', window );">Payments to fund long-term loans to unaffiliated third party</a></td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount', window );">Loan receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 125,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LoanReceivableScheduledprincipalpaymentproceeds', window );">Scheduled principal payment proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LoanReceivableScheduledinterestpaymentproceeds', window );">Scheduled interest payment proceeds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Prepaymentpenalty', window );">Prepayment penalty</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember', window );">BTMU Term Loan Agreement | NM Capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Long-term Debt</a></td>
<td class="nump">$ 125,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event | Coal supply | Unaffiliated third party | San Juan Coal Company, Westmoreland</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCash', window );">Amount held in a restricted bank account</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_IncreaseincoalminedecommissioningliabilityMember', window );">Increase in coal mine decommissioning liability | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded', window );">Expense reflected in regulatory disallowances and restructuring costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_MineReclamationTrustMember', window );">Mine Reclamation Trust | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingCurrentfiscalyear', window );">Required contribution to Reclamation Trust, current fiscal year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingYear2', window );">Reclamation Trust Funding, Year 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingYear3', window );">Reclamation Trust Funding, Year 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_FourCornersMember', window );">Four Corners | Mine Reclamation Trust | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingCurrentfiscalyear', window );">Required contribution to Reclamation Trust, current fiscal year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingYear2', window );">Reclamation Trust Funding, Year 2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ReclamationTrustFundingYear3', window );">Reclamation Trust Funding, Year 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofannualinstallmentpayments', window );">Number of annual installment payments | payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Cashusedtosupportbankletterorcreditarrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash used to support bank letter or credit arrangement</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Cashusedtosupportbankletterorcreditarrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CoalMineReclamationBondstobepostedwithNMMMD">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Coal Mine Reclamation Bonds to be posted with NMMMD</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CoalMineReclamationBondstobepostedwithNMMMD</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FinalReclamationCappedAmountToBeCollected">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Final Reclamation, capped amount to be collected</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FinalReclamationCappedAmountToBeCollected</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LoanReceivableScheduledinterestpaymentproceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Receivable, Scheduled interest payment proceeds</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LoanReceivableScheduledinterestpaymentproceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LoanReceivableScheduledprincipalpaymentproceeds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loan Receivable, Scheduled principal payment proceeds</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LoanReceivableScheduledprincipalpaymentproceeds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments to fund long-term loans to unaffiliated third party</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Paymentstofundlongtermloanstounaffiliatedthirdparty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Prepaymentpenalty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Prepayment penalty</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Prepaymentpenalty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated Increase in Coal Cost, Percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedIncreaseinCoalCostPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofannualinstallmentpayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of annual installment payments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofannualinstallmentpayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ReclamationTrustFundingCurrentfiscalyear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reclamation Trust Funding, Current fiscal year</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ReclamationTrustFundingCurrentfiscalyear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ReclamationTrustFundingYear2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reclamation Trust Funding, Year 2</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ReclamationTrustFundingYear2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ReclamationTrustFundingYear3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reclamation Trust Funding, Year 3</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ReclamationTrustFundingYear3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RegulatoryDisallowanceAdditionalamountrecorded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulatory Disallowance, Additional amount recorded</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RegulatoryDisallowanceAdditionalamountrecorded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the amount of cash required to fully fund agreements to provide advances to borrowers and lessees at interest rates that increase or decrease depending on certain facts or circumstances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61082-112788<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61044-112788<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableCommitmentsVariableRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=82891408&amp;loc=d3e4428-111522<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableGrossCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansReceivableBasisSpreadOnVariableRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage points (also referred to as 'margin') added to the reference rate as stated in the loan agreement and used to compute the variable rate on the loans receivable. For instance, the loan agreement might state that the interest rate the borrower is obligated to pay is the London Interbank Offered Rate (LIBOR) plus three quarters (3/4) of a percentage point adjusted quarterly (each three months). LIBOR in this example is the index or reference rate, 3/4 percentage point is the margin, the reference rate plus the margin is the fully indexed rate. This element would be used to report separately the margin.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansReceivableBasisSpreadOnVariableRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAccrualAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss contingency liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAccrualAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyEstimateOfPossibleLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyEstimateOfPossibleLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for the individual regulatory asset as itemized in a table of regulatory assets as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6499975&amp;loc=d3e44250-110382<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ClassificationOfMineAxis=pnm_SurfaceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ClassificationOfMineAxis=pnm_SurfaceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_LossOnLongTermPurchaseCommitmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingenciesByNatureOfContingencyAxis=us-gaap_LossOnLongTermPurchaseCommitmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ClassificationOfMineAxis=pnm_UndergroundMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ClassificationOfMineAxis=pnm_UndergroundMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PurchaseCommitmentExcludingLongtermCommitmentAxis=pnm_CoalSupplyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_NMCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_NMCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanCoalCompanyWestmorelandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongtermDebtTypeAxis=pnm_BTMUTermLoanAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_UnaffiliatedthirdpartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_UnaffiliatedthirdpartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_IncreaseincoalminedecommissioningliabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_IncreaseincoalminedecommissioningliabilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_MineReclamationTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_MineReclamationTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_FourCornersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_FourCornersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857680288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies - Royalty Rates, Tax Assessment, Insurance and Other Matters (Details)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Oct. 23, 2017 </div>
<div>Allotment_Parcel</div>
</th>
<th class="th"><div>Mar. 28, 2017</div></th>
<th class="th">
<div>Apr. 30, 2010 </div>
<div>city</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>generating_unit</div>
</th>
<th class="th">
<div>Dec. 01, 2015 </div>
<div>Allotment_Parcel</div>
</th>
<th class="th">
<div>Jul. 13, 2015 </div>
<div>a</div>
</th>
<th class="th">
<div>Jan. 22, 2015 </div>
<div>Allotment_Parcel</div>
</th>
<th class="th">
<div>Apr. 02, 2014 </div>
<div>landowner </div>
<div>Allotment_Parcel</div>
</th>
<th class="th">
<div>Feb. 27, 2014 </div>
<div>lawsuit</div>
</th>
<th class="th">
<div>Jan. 06, 2014 </div>
<div>Allotment_Parcel</div>
</th>
<th class="th"><div>Aug. 31, 2013</div></th>
<th class="th">
<div>Sep. 30, 2012 </div>
<div>landowner</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCommitmentsAxis=pnm_ContinuousHighwallMiningMember', window );">Continuous highwall mining | San Juan Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate', window );">Proposed retroactive surface mining royalty rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003', window );">Surface mining royalty rate applied</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange', window );">Estimated underpaid surface mining royalties under proposed rate change</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 5,000,000<span></span>
</td>
<td class="nump">$ 5,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange', window );">PNM's share estimated underpaid surface mining royalties under proposed rate change</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">46.30%<span></span>
</td>
<td class="nump">46.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Navajo Nation Allottee Matters</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberoflandownersclaimingtobeNavajoallottees', window );">Number of landowners claiming to be Navajo allottees (in landowners) | landowner</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofallotmentparcelsappraisalrequestedforreview', window );">Number of allotment parcels' appraisal requested for review (in allotment parcels) | Allotment_Parcel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">58<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents', window );">Number of allotments where landowners are revoking rights of way renewal consents (in allotment parcels) | Allotment_Parcel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land (in acres) | a</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.49<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberofallotmentparcelsatissueNottobecondemned', window );">Number of allotment parcels at issue that are not to be condemned | Allotment_Parcel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofallotmentparcelsatissue', window );">Number of allotment parcels at issue | Allotment_Parcel</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Palo Verde Nuclear Generating Station</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProvideWatertoNumberofCities', window );">Number of cities to provide cooling water | city</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProvideWaterforPeriodofTime', window );">Term of agreement for cooling water</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Palo Verde Nuclear Generating Station | Nuclear plant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor', window );">Ownership percentage in nuclear reactor</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.20%<span></span>
</td>
<td class="nump">10.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberofUnits', window );">Number of units | generating_unit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident', window );">Maximum potential assessment per incident</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 38,900,000.0<span></span>
</td>
<td class="nump">$ 38,900,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident', window );">Annual payment limitation related to incident</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,800,000.0<span></span>
</td>
<td class="nump">5,800,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance', window );">Aggregate amount of all risk insurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,750,000,000.00<span></span>
</td>
<td class="nump">2,750,000,000.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited', window );">Maximum amount under Nuclear Electric Insurance Limited</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,400,000.0<span></span>
</td>
<td class="nump">5,400,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | Maximum | Palo Verde Nuclear Generating Station | Nuclear plant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesLiabilityInsuranceCoverage', window );">Liability insurance coverage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,400,000,000.0<span></span>
</td>
<td class="nump">13,400,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit', window );">Liability insurance coverage sublimit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,250,000,000.00<span></span>
</td>
<td class="nump">2,250,000,000.00<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_FirstChoiceMember', window );">First Choice</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_AdditionalTaxDuePlusPenaltiesandInterest', window );">Additional tax due plus penalties and interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InsuranceCarrierAxis=pnm_CommercialProvidersMember', window );">Commercial providers | PNM | Palo Verde Nuclear Generating Station | Nuclear plant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesLiabilityInsuranceCoverage', window );">Liability insurance coverage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">450,000,000<span></span>
</td>
<td class="nump">450,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InsuranceCarrierAxis=pnm_IndustryWideRetrospectiveAssessmentProgramMember', window );">Industry Wide Retrospective Assessment Program | PNM | Palo Verde Nuclear Generating Station | Nuclear plant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesLiabilityInsuranceCoverage', window );">Liability insurance coverage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 13,000,000,000.0<span></span>
</td>
<td class="nump">$ 13,000,000,000.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_PendingLitigationMember', window );">Pending litigation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyPendingClaimsNumber', window );">Number of pending claims | lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired', window );">Written notification to terminate agreement, minimum period of time required</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">30 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_SettledLitigationMember', window );">Settled litigation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyPendingClaimsNumber', window );">Number of pending claims | lawsuit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule', window );">Unopposed motion filed for extension of procedural schedule</a></td>
<td class="text">90 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event | PNM | Navajo Nation Allottee Matters</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents', window );">Number of allotments where landowners are revoking rights of way renewal consents (in allotment parcels) | Allotment_Parcel</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_AdditionalTaxDuePlusPenaltiesandInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additional Tax Due Plus Penalties and Interest</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_AdditionalTaxDuePlusPenaltiesandInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss Contingency, Written Notification to Terminate Agreement, Minimum Period of Time Required</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LossContingencyWrittenNotificationtoTerminateAgreementMinimumPeriodofTimeRequired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberofUnits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Units</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberofUnits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofallotmentparcelsappraisalrequestedforreview">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of allotment parcels' appraisal requested for review</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofallotmentparcelsappraisalrequestedforreview</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofallotmentparcelsatissue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of allotment parcels' at issue</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofallotmentparcelsatissue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberofallotmentparcelsatissueNottobecondemned">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of allotment parcels' at issue, Not to be condemned</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberofallotmentparcelsatissueNottobecondemned</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of allotments where landowners are revoking rights of way renewal consents</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Numberofallotmentswherelandownersarerevokingrightsofwayrenewalconsents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberoflandownersclaimingtobeNavajoallottees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of landowners claiming to be Navajo allottees</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberoflandownersclaimingtobeNavajoallottees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Aggregate Amount of All Risk Insurance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAggregateAmountOfAllRiskInsurance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Annual Payment Limitation Related to Incident</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAnnualPaymentLimitationRelatedToIncident</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Current Surface Mining Royalty Rate applied between 2000 and 2003</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCurrentSurfaceMiningRoyaltyRateappliedbetween2000and2003</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated Underpaid Surface Mining Royalties under proposed rate change</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesLiabilityInsuranceCoverage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Liability Insurance Coverage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesLiabilityInsuranceCoverage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Liability Insurance Coverage Sublimit</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesLiabilityInsuranceCoverageSublimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Maximum Amount under Nuclear Electric Insurance Limited</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesMaximumAmountunderNuclearElectricInsuranceLimited</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Maximum Potential Assessment Per Incident</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesMaximumPotentialAssessmentPerIncident</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Motion Filed for Extension of Procedural Schedule</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Ownership Percentage in Nuclear Reactor</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesOwnershipPercentageInNuclearReactor</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, PNM Share Estimated Underpaid Surface Mining Royalties under proposed rate change</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPNMShareEstimatedUnderpaidSurfaceMiningRoyaltiesunderproposedratechange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Proposed Retroactive Surface Mining Royalty Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProposedRetroactiveSurfaceMiningRoyaltyRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProvideWaterforPeriodofTime">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Provide Water for Period of Time</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProvideWaterforPeriodofTime</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProvideWatertoNumberofCities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Provide Water to Number of Cities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProvideWatertoNumberofCities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AreaOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area of land held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AreaOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyPendingClaimsNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of pending claims pertaining to a loss contingency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyPendingClaimsNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=pnm_ContinuousHighwallMiningMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=pnm_ContinuousHighwallMiningMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_JointlyOwnedGeneratingFacilitiesAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherCommitmentsAxis=pnm_NavajoNationAllotteeMattersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherCommitmentsAxis=pnm_NavajoNationAllotteeMattersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_PaloVerdeNuclearGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilityAxis=us-gaap_NuclearPlantMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilityAxis=us-gaap_NuclearPlantMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_FirstChoiceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_FirstChoiceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_InsuranceCarrierAxis=pnm_CommercialProvidersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_InsuranceCarrierAxis=pnm_CommercialProvidersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_InsuranceCarrierAxis=pnm_IndustryWideRetrospectiveAssessmentProgramMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_InsuranceCarrierAxis=pnm_IndustryWideRetrospectiveAssessmentProgramMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationStatusAxis=us-gaap_PendingLitigationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationStatusAxis=us-gaap_PendingLitigationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationStatusAxis=us-gaap_SettledLitigationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationStatusAxis=us-gaap_SettledLitigationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp7009006400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Regulatory and Rate Matters - PNM (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">1 Months Ended</th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 23, 2017</div></th>
<th class="th">
<div>Jul. 26, 2017 </div>
<div>USD ($) </div>
<div>GWh</div>
</th>
<th class="th"><div>Jul. 03, 2017</div></th>
<th class="th">
<div>Jun. 01, 2017 </div>
<div>USD ($) </div>
<div>GWh </div>
<div>MW</div>
</th>
<th class="th">
<div>May 23, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>May 10, 2017</div></th>
<th class="th">
<div>Apr. 14, 2017 </div>
<div>USD ($) </div>
<div>GWh </div>
<div>program</div>
</th>
<th class="th"><div>Mar. 27, 2017</div></th>
<th class="th">
<div>Feb. 28, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jan. 11, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 07, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 28, 2016 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Aug. 04, 2016 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Jun. 01, 2016 </div>
<div>MW</div>
</th>
<th class="th"><div>May 04, 2016</div></th>
<th class="th">
<div>Apr. 15, 2016 </div>
<div>USD ($) </div>
<div>GWh </div>
<div>program</div>
</th>
<th class="th">
<div>Jan. 15, 2016 </div>
<div>USD ($) </div>
<div>lease </div>
<div>MW</div>
</th>
<th class="th"><div>Nov. 30, 2015</div></th>
<th class="th">
<div>Aug. 27, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Jan. 15, 2015</div></th>
<th class="th"><div>Jul. 01, 2014</div></th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>GWh </div>
<div>lease </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($) </div>
<div>GWh</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>GWh </div>
<div>lease </div>
<div>MW</div>
</th>
<th class="th">
<div>Sep. 30, 2016 </div>
<div>USD ($) </div>
<div>GWh</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>MW</div>
</th>
<th class="th">
<div>Oct. 17, 2017 </div>
<div>MW</div>
</th>
<th class="th">
<div>May 12, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>May 05, 2017 </div>
<div>signatory</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 26, 2016 </div>
<div>MW</div>
</th>
<th class="th">
<div>Jul. 08, 2016 </div>
<div>service_rate </div>
<div>MW</div>
</th>
<th class="th">
<div>Jun. 30, 2016 </div>
<div>meeting</div>
</th>
<th class="th">
<div>Apr. 26, 2016 </div>
<div>MW</div>
</th>
<th class="th">
<div>Feb. 26, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jan. 31, 2016 </div>
<div>lease </div>
<div>MW</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund', window );">Excess return on jurisdictional equity that would require refund</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofRequestedRates', window );">Application filed for new electric service rates | service_rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp', window );">Planning period covered of IRP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod', window );">Action plan, covered period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings', window );">Number of statewide meetings hosted | meeting</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PNMRDevelopmentMember', window );">PNMR Development</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts', window );">Solar generation capacity (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction', window );">Construction of solar generation capacity (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2015ElectricRateCaseMember', window );">2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount', window );">Requested rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 123.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount', window );">Requested rate increase (decrease) of non-fuel revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 121.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 121.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 121.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage', window );">Hearing examiner's recommended return on equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.575%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount', window );">Hearing examiner's recommended rate increase (decrease) of non-fuel revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 41.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage', window );">Requested return on equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyEstimateOfPossibleLoss', window );">Estimate of possible loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 153.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">153.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts', window );">Requested rate increase (decrease) for fuel related costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount', window );">Requested rate increase (decrease) for non-fuel related revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount', window );">Approved rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 61.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision', window );">Estimated period of time for supreme court appeal decision</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">15 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions', window );">Approved recovery of net operating loss carryforward</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2014ElectricRateCaseMember', window );">2014 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_FutureTestYearPeriod', window );">Future test year period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">12 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease', window );">Period of time after the filing of a rate case application</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">13 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardMember', window );">Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity', window );">Number of megawatts of Solar PV facilities | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40<span></span>
</td>
<td class="nump">107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput', window );">Current output in the geothermal facility (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts', window );">Solar generation capacity (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">81.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">81.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewableEnergyRiderMember', window );">Renewable Energy Rider | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRevenuefromRenewableenergyrider', window );">Recorded revenues from renewable rider</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11.8<span></span>
</td>
<td class="nump">$ 10.7<span></span>
</td>
<td class="nump">$ 32.4<span></span>
</td>
<td class="nump">$ 27.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardSupplementalProcurementMember', window );">Renewable Portfolio Standard Supplemental Procurement | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity', window );">Number of megawatts of Solar PV facilities | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandard2014Member', window );">Renewable Portfolio Standard 2014 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity', window );">Number of megawatts for wind energy | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">204<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">102<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_IntegratedResourcePlan2011Member', window );">Integrated Resource Plan, 2011 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesFrequencyofIRPfilings', window );">Frequency of IRP filings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp', window );">Planning period covered of IRP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_AdvancedmeteringinfrastructureMember', window );">Advanced Metering Infrastructure Costs | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedcoststoberecovered', window );">Estimated costs to be recovered</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 95.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 87.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEstimatedFutureInvestment', window );">Estimated future investment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 33.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember', window );">Firm Requirements Wholesale Power Rate Case, Navopache | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts', window );">Number of megawatts served under a short-term coordination tariff | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract', window );">Revenue for power sold under PSA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.1<span></span>
</td>
<td class="nump">$ 4.8<span></span>
</td>
<td class="nump">$ 3.3<span></span>
</td>
<td class="nump">$ 14.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NumberOfMegaWattsPurchased', window );">Number of megawatts purchased (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NetbookvalueCapitalimprovements', window );">Net book value of capitalized improvements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NetBookValue', window );">Net book value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 76.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 76.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased', window );">Number of leases under which assets were purchased | lease</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Estimatedannualpropertytaxexpense', window );">Estimated annual property tax expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended', window );">Number of leases under which lease term was extended | lease</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Leasetermextensionperiod', window );">Lease term extension period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">8 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration', window );">Number of megawatts nuclear generation (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114.6<span></span>
</td>
<td class="nump">114.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">114.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember', window );">Palo Verde Nuclear Generating Station, Unit 2 Leases | 2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesDisallowedleaseholdimprovements', window );">Disallowance of the recovery underpreciated costs of capitalized leasehold improvements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 43.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedleaseacquisitioncosts', window );">Initial rate base value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">83.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts', window );">Hearing examiner's proposed disallowance of recovery</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 163.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed', window );">Period of time for which capital improvements were disallowed</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">15 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements', window );">Pre-tax regulatory disallowance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=pnm_AlvaradosquareMember', window );">Alvarado square | 2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts', window );">Hearing examiner's recommended amount to not be recovered from retail customers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts', window );">Pre-tax regulatory disallowance of costs recorded as regulatory assets and deferred charges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember', window );">Palo Verde Nuclear Generating Station, Unit 1 Leases, extended | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Estimatedannualpropertytaxexpense', window );">Estimated annual property tax expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Estimatedannualrentexpense', window );">Estimated annual rent expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended', window );">Number of leases under which lease term was extended | lease</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Leasetermextensionperiod', window );">Lease term extension period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">8 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember', window );">Palo Verde Nuclear Generating Station, Unit 1 Leases, extended | 2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology', window );">Recovery of assumed operating and maintenance expense savings annually</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits2And3Member', window );">San Juan Generating Station Units 2 and 3 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NetBookValue', window );">Net book value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 260.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 260.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActBalancedDraftTechnologyMember', window );">Clean Air Act, Balanced Draft Technology | San Juan Generating Station Units 1 and 4 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NetBookValue', window );">Net book value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActBalancedDraftTechnologyMember', window );">Clean Air Act, Balanced Draft Technology | San Juan Generating Station Units 1 and 4 | 2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery', window );">Requested base rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">40.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSncrMember', window );">Clean Air Act, SNCR | San Juan Generating Station Units 2 and 3 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts', window );">Newly identified replacement gas-fired generation (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember', window );">Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other Costs | Clean Air Act, Balanced Draft Technology | San Juan Generating Station Units 1 and 4 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InstallationCapitalCosts', window );">Installation Capital Costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 52.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember', window );">Installation Costs Including Construction Management, Gross Receipts Taxes, AFUDC, and Other Costs | Clean Air Act, SNCR | San Juan Generating Station Units 1 and 4 | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_InstallationCapitalCosts', window );">Installation Capital Costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 77.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRevenueStreamAxis=pnm_RefinedCoalMember', window );">Refined coal | San Juan Generating Station | 2015 Electric Rate Case | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers', window );">Hearing examiner's recommended percentage of revenue to be credited to customers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember', window );">NMPRC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount', window );">Requested rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 99.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage', window );">Requested return on equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.125%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule', window );">Unopposed motion filed for extension of procedural schedule</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 month<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofAdditionalSignatories', window );">Number of additional signatories | signatory</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate', window );">Period of time for proposed return to customers the benefit of the reduction in New Mexico's corporate income tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance', window );">Return on equity, regulatory disallowance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 21.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 21.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount', window );">Proposed revision to rider that will allow for recovery</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 43.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 42.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod', window );">Action plan, covered period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember', window );">NMPRC | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount', window );">Requested rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 62.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount', window );">Requested initial rate increase (decrease)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 32.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage', window );">Requested return on equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.575%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate', window );">Period of time for proposed return to customers the benefit of the reduction in New Mexico's corporate income tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1', window );">Requested approval to procure additional gigawatt hours in year 1 | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts', window );">Requested approval to procure a new solar facilities to be constructed (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod', window );">Action plan, covered period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause', window );">Notice of Proposed Dismissal, period to show good cause</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">30 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2011Member', window );">Required Percentage by 2011 | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales', window );">Required percentage of renewable energy in portfolio to electric sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2015Member', window );">Required Percentage by 2015 | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales', window );">Required percentage of renewable energy in portfolio to electric sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2020Member', window );">Required Percentage by 2020 | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales', window );">Required percentage of renewable energy in portfolio to electric sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier', window );">Profit incentive sliding scale multiplier</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Wind | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfDiversification', window );">Required percentage of diversification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Solar | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfDiversification', window );">Required percentage of diversification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Distributed generation | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfDiversification', window );">Required percentage of diversification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Other | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRequiredPercentageOfDiversification', window );">Required percentage of diversification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum | Renewable Portfolio Standard | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesReasonableCostThreshold', window );">Reasonable cost threshold</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier', window );">Profit incentive sliding scale multiplier</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum | Renewable Energy Rider | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate', window );">Proposal to collect funds under renewable energy procurement plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 42.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate', window );">Annual revenue to be collected under rider rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 50.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 50.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilityAxis=pnm_NewMexicoWindMember', window );">New Mexico Wind | NMPRC | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2', window );">Requested approval to procure additional gigawatt hours in year 2 | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">105<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilityAxis=pnm_LightningDockGeothermalMember', window );">Lightning Dock Geothermal | NMPRC | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1', window );">Requested approval to procure additional gigawatt hours in year 1 | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">55<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2', window );">Requested approval to procure additional gigawatt hours in year 2 | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">77<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TypeOfRegulatoryCostAxis=pnm_DisincentivesIncentivesAdderMember', window );">Disincentives/Incentives Adder | 2017 Energy Efficiency and Load Management Program | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms', window );">Number of programs in the proposed program portfolio | program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency', window );">Program portfolio's total budget</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 26.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 28.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnticipatedfutureprofitincentive', window );">Incentive based on target savings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh', window );">Targeted savings (in gigawatt hours) | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum', window );">Profit incentive</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TypeOfRegulatoryCostAxis=pnm_DisincentivesIncentivesAdderMember', window );">Disincentives/Incentives Adder | Proposed 2018 Portfolio | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms', window );">Number of programs in the proposed program portfolio | program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency', window );">Program portfolio's total budget</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 25.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnticipatedfutureprofitincentive', window );">Incentive based on target savings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh', window );">Targeted savings (in gigawatt hours) | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive', window );">Projected incentive earnings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings', window );">Targeted savings (in gigawatt hours) | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">69<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">70<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_TypeOfRegulatoryCostAxis=pnm_DisincentivesIncentivesAdderMember', window );">Disincentives/Incentives Adder | Proposed 2019 Portfolio | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms', window );">Number of programs in the proposed program portfolio | program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency', window );">Program portfolio's total budget</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 28.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesAnticipatedfutureprofitincentive', window );">Incentive based on target savings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CounterpartyNameAxis=pnm_TriStateMember', window );">Tri-State | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementContractTerm', window );">Term of hazard sharing agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts', window );">Each party will sell the other party capacity (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold', window );">Number of hours sold (in GWh) | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">202,400,000<span></span>
</td>
<td class="nump">208,200,000<span></span>
</td>
<td class="nump">615,000,000<span></span>
</td>
<td class="nump">268,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount', window );">Hours sold (in dollars)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7.2<span></span>
</td>
<td class="nump">$ 6.2<span></span>
</td>
<td class="nump">$ 17.7<span></span>
</td>
<td class="nump">$ 7.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased', window );">Number of hours purchased (in GWh) | GWh</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">215,100,000<span></span>
</td>
<td class="nump">216,400,000<span></span>
</td>
<td class="nump">632,500,000<span></span>
</td>
<td class="nump">278,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount', window );">Hours purchased (in dollars)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7.6<span></span>
</td>
<td class="nump">$ 6.4<span></span>
</td>
<td class="nump">$ 18.2<span></span>
</td>
<td class="nump">$ 8.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule', window );">Unopposed motion filed for extension of procedural schedule</a></td>
<td class="text">90 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event | NMPRC | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts', window );">Requested approval to procure a new solar facilities to be constructed (in megawatts) | MW</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Estimatedannualpropertytaxexpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated annual property tax expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Estimatedannualpropertytaxexpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Estimatedannualrentexpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Estimated annual rent expense</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Estimatedannualrentexpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FutureTestYearPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Future Test Year Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FutureTestYearPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Future test year period, Revised, Number of days following the filing of application for rate increase</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_FuturetestyearperiodRevisedNumberofdaysfollowingthefilingofapplicationforrateincrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_InstallationCapitalCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Installation Capital Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_InstallationCapitalCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Leasetermextensionperiod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Lease term extension period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Leasetermextensionperiod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Loss Contingency, Notice of Proposed Dismissal, Period to Show Cause</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_LossContingencyNoticeofProposedDismissalPeriodtoShowCause</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NetBookValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net book value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NetBookValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NetbookvalueCapitalimprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net book value, Capital improvements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NetbookvalueCapitalimprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NumberOfMegaWattsPurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of Mega Watts Purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NumberOfMegaWattsPurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period of time for which capital improvements were disallowed</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Periodoftimeforwhichcapitalimprovementsweredisallowed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Pubic Utilities, Requested Rate Increase (Decrease), Initial Increase Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PubicUtilitiesRequestedRateIncreaseDecreaseInitialIncreaseAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Annual Revenue To be Collected Under 2016 Rider Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2016RiderRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Annual Revenue To be Collected Under 2017 Rider Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAnnualRevenueTobeCollectedUnder2017RiderRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesAnticipatedfutureprofitincentive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Anticipated future profit incentive</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesAnticipatedfutureprofitincentive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesApprovedleaseacquisitioncosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Approved lease acquisition costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesApprovedleaseacquisitioncosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Approved recovery, Operating and Maintenance savings related to Balanced Draft Technology</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesApprovedrecoveryOperatingandMaintenancesavingsrelatedtoBalancedDraftTechnology</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Change in Requested Rate increase (Decrease), fuel related costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasefuelrelatedcosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Change in Requested Rate increase (Decrease), non-fuel amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesChangeinRequestedRateincreaseDecreasenonfuelamount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementContractTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Contract Term</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementContractTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Hours Purchased, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementHoursPurchasedAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Hours Sold, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementHoursSoldAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Mutual Sales, Number of Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementMutualSalesNumberofMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Number of Hours Purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursPurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collaborative Arrangement, Number of Hours Sold</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollaborativeArrangementNumberofHoursSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesDisallowedleaseholdimprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Disallowed leasehold improvements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesDisallowedleaseholdimprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency Targeted Savings, GWh</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyTargetedSavingsGWh</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency and Load Management Programs, Number of Programs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsNumberofPrograms</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency and Load Management Programs, Profit Incentive, Minimum</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProfitIncentiveMinimum</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency and Load Management Programs, Projected Earned Incentive</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsProjectedEarnedIncentive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency and Load Management Programs, Targeted Energy Savings</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyandLoadManagementProgramsTargetedEnergySavings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedFutureInvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated Future Investment</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedFutureInvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedcoststoberecovered">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated costs to be recovered</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedcoststoberecovered</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Estimated period of time for supreme court appeal decision</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEstimatedperiodoftimeforsupremecourtappealdecision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Expected average monthly usage in megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesExpectedaveragemonthlyusageinmegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesFrequencyofIRPfilings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Frequency of IRP filings</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesFrequencyofIRPfilings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Hearing Examiner Proposed disallowance, Lease Abandonment costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAbandonmentcosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Hearing Examiner Proposed disallowance, Lease Acquisition costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesHearingExaminerProposeddisallowanceLeaseAcquisitioncosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Hearing Examiner Recommendation, Percentage of revenue to be credited to customers</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesHearingExaminerRecommendationPercentageofrevenuetobecreditedtocustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Hearing Examiner Recommended Rate increase (Decrease), non-fuel amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesHearingExaminerRecommendedRateincreaseDecreasenonfuelamount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Hearing Examiner Recommended Return on Equity, Percentage</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesHearingExaminerRecommendedReturnonEquityPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Integrated Resource Plan, Action Plan, Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesIntegratedResourcePlanActionPlanPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Integrated Resource Plan, Number of Statewide Meetings</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesIntegratedResourcePlanNumberofStatewideMeetings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Motion Filed for Extension of Procedural Schedule</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesMotionFiledforExtensionofProceduralSchedule</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Newly Identified Replacement Gas-fired Generation, in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNewlyIdentifiedReplacementGasfiredGenerationinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberOfMegaWattsOfSolarPhotovoltaicCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofAdditionalSignatories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Additional Signatories</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofAdditionalSignatories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Mega Watts of Solar Photovoltaic Capacity, Current Output</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegaWattsofSolarPhotovoltaicCapacityCurrentOutput</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Mega Watts of Wind Energy Capacity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegaWattsofWindEnergyCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Megawatts Nuclear Generation</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofMegawattsNuclearGeneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofRequestedRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of Requested Rates</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofRequestedRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of leases under which assets were purchased</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofleasesunderwhichassetswerepurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of leases under which lease term was extended</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofleasesunderwhichleasetermwasextended</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Planning Period Covered of IRP</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesPlanningPeriodCoveredOfIrp</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Profit incentive sliding scale multiplier</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProfitincentiveslidingscalemultiplier</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Program Costs Related To Energy Efficiency</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProgramCostsRelatedToEnergyEfficiency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Proposed Term to Provide Customers with Benefits Related to Reduction in State Corporate Income Tax Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesReasonableCostThreshold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reasonable Cost Threshold</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesReasonableCostThreshold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Regulatory Disallowance capital improvements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRegulatoryDisallowancecapitalimprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Regulatory disallowance, Lease Abandonment costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRegulatorydisallowanceLeaseAbandonmentcosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Renewable Energy Procurement Plan, Proposed Recovery, Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRenewableEnergyProcurementPlanProposedRecoveryAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Renewable Energy Procurement Plan, Requested Additional Megawatt Hours, Year 2</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedAdditionalMegawattHoursYear2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:energyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Renewable Energy Procurement Plan, Requested Solar Facility Construction, Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRenewableEnergyProcurementPlanRequestedSolarFacilityConstructionMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Requested Rate increase (Decrease), Balanced Draft Technology Cost Recovery</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRequestedRateincreaseDecreaseBalancedDraftTechnologyCostRecovery</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Requested Rate increase (Decrease), non-fuel amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRequestedRateincreaseDecreasenonfuelamount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRequiredPercentageOfDiversification">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulated Operations, Required Percentage of Diversification</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRequiredPercentageOfDiversification</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulated Operations, Required Percentage of Renewable Energy in Portfolio to Electric Sales</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRequiredPercentageOfRenewableEnergyInPortfolioToElectricSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Return on Equity, Regulatory Disallowance</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesReturnonEquityRegulatoryDisallowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Revenue For Power Sold Under Specific Contract</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRevenueForPowerSoldUnderSpecificContract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRevenuefromRenewableenergyrider">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Revenue from Renewable energy rider</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRevenuefromRenewableenergyrider</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesSolargenerationcapacityinMegawatts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Solar generation capacity in Megawatts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesSolargenerationcapacityinMegawatts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Solar generation capacity in Megawatts, current construction</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesSolargenerationcapacityinMegawattscurrentconstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:powerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, excess return on jurisdictional equity that would require refund</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesexcessreturnonjurisdictionalequitythatwouldrequirerefund</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyEstimateOfPossibleLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the estimated amount of loss from the specified contingency as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyEstimateOfPossibleLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of public utility's approved rate increase (decrease) by regulatory agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of public utility's requested rate increase (decrease) with regulatory agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of public utility's requested return on equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) to previously recorded tax expense. Includes, but is not limited to, significant settlements of income tax disputes, and unusual tax positions or infrequent actions taken by the entity, including tax assessment reversal, and IRS tax settlement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28446-109314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28511-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PNMRDevelopmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PNMRDevelopmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2015ElectricRateCaseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2015ElectricRateCaseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2014ElectricRateCaseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2014ElectricRateCaseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewableEnergyRiderMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewableEnergyRiderMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardSupplementalProcurementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandardSupplementalProcurementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandard2014Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_RenewablePortfolioStandard2014Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_IntegratedResourcePlan2011Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_IntegratedResourcePlan2011Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_AdvancedmeteringinfrastructureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_AdvancedmeteringinfrastructureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_FirmRequirementsWholesalePowerRateCaseNavopacheMemberMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit2LeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_AlvaradosquareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_AlvaradosquareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeaseArrangementTypeAxis=pnm_PaloVerdeNuclearGeneratingStationUnit1LeasesextendedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits2And3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits2And3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActBalancedDraftTechnologyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActBalancedDraftTechnologyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits1And4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationUnits1And4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSncrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_CommitmentsAndContingenciesRelatedToEnvironmentAndOtherNatureAxis=pnm_CleanAirActSncrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesByNatureOfExpenseAxis=pnm_InstallationCostsIncludingConstructionManagementGrossReceiptsTaxesAfudcAndOtherPnmCostsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesRevenueStreamAxis=pnm_RefinedCoalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesRevenueStreamAxis=pnm_RefinedCoalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_SanJuanGeneratingStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2011Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2011Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2015Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2015Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2020Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DateOfRegulatoryActionAxis=pnm_RequiredPercentageBy2020Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DiversificationByTypeAxis=pnm_WindEnergyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DiversificationByTypeAxis=pnm_WindEnergyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DiversificationByTypeAxis=pnm_SolarEnergyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DiversificationByTypeAxis=pnm_SolarEnergyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DiversificationByTypeAxis=pnm_DistributedGenerationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DiversificationByTypeAxis=pnm_DistributedGenerationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_DiversificationByTypeAxis=pnm_RenewableTechnologiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_DiversificationByTypeAxis=pnm_RenewableTechnologiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilityAxis=pnm_NewMexicoWindMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilityAxis=pnm_NewMexicoWindMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilityAxis=pnm_LightningDockGeothermalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilityAxis=pnm_LightningDockGeothermalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_TypeOfRegulatoryCostAxis=pnm_DisincentivesIncentivesAdderMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_TypeOfRegulatoryCostAxis=pnm_DisincentivesIncentivesAdderMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2017EnergyEfficiencyandLoadManagementProgramMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_A2017EnergyEfficiencyandLoadManagementProgramMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_EnergyEfficiencyandLoadManagementProgramProposed2018PortfolioMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_EnergyEfficiencyandLoadManagementProgramProposed2019PortfolioMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CounterpartyNameAxis=pnm_TriStateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CounterpartyNameAxis=pnm_TriStateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855579744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Regulatory and Rate Matters - TNMP Narrative (Details) - Texas-New Mexico Power Company<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>May 25, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Mar. 13, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jul. 30, 2011 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2017 </div>
<div>USD ($) </div>
<div>customer</div>
</th>
<th class="th">
<div>Oct. 20, 2017 </div>
<div>customer</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>advanced_meter</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount', window );">Adjustment of the most recent annual CTC funding amount (greater than or equal to)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization', window );">Requested increase (decrease) adjustment to reduce collection of amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (1,100,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested', window );">Energy efficiency cost recovery factor, total amount requested</a></td>
<td class="nump">$ 6,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested', window );">Energy efficiency cost recovery factor, performance bonus requested</a></td>
<td class="nump">$ 1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Advanced Meter System Deployment and Surcharge Request</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedDeploymentCosts', window );">Approved deployment costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 113,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod', window );">Collection of deployment costs through surcharge period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">12 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNumberofadvancedmetersinstalled', window );">Number of advanced meters installed (more than) | advanced_meter</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">242,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers', window );">Recovery in cost through initial fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers', window );">Ongoing annual expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge', window );">Approved non-standard metering ongoing expenses monthly charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36.78<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice', window );">Presumed number of customers that will elect non-standard meter service (in customers) | customer</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,081<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum | Advanced Meter System Deployment and Surcharge Request</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange', window );">Approved non-standard metering service cost, initial fee range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 63.97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum | Advanced Meter System Deployment and Surcharge Request</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange', window );">Approved non-standard metering service cost, initial fee range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 168.61<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent event | Advanced Meter System Deployment and Surcharge Request</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems', window );"><strong>Public Utilities, Commitments And Contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice', window );">Current number of customers that have elected non-standard meter service (in customers) | customer</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Current number of customers that have elected non-standard meter service</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Currentnumberofcustomersthathaveelectednonstandardmeterservice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Presumed number of customers that will elect non-standard meter service</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_Presumednumberofcustomersthatwillelectnonstandardmeterservice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesApprovedDeploymentCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Approved Deployment Costs</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesApprovedDeploymentCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Approved Non-standard metering ongoing expenses monthly charge</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesApprovedNonstandardmeteringongoingexpensesmonthlycharge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Approved Non-standard metering service cost initial fee range</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesApprovedNonstandardmeteringservicecostinitialfeerange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Collection of Deployment Costs Through Surcharge Period</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCollectionOfDeploymentCostsThroughSurchargePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Commitments And Contingencies [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Competition Transition Charge, Adjustment to Annual Funding Amount</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCompetitionTransitionChargeAdjustmenttoAnnualFundingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Competition Transition Charge, Requested Adjustment to Increase (Decrease) Collection of Amortization</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesCompetitionTransitionChargeRequestedAdjustmenttoIncreaseDecreaseCollectionofAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency Cost Recovery Factor, Amount Requested</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorAmountRequested</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Energy Efficiency Cost Recovery Factor, Performance Bonus Requested</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesEnergyEfficiencyCostRecoveryFactorPerformanceBonusRequested</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Non-standard metering ongoing expenses total to be borne by opt-out customers</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNonstandardmeteringongoingexpensestotaltobebornebyoptoutcustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Non-standard metering service cost total to be borne by opt-out customers</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNonstandardmeteringservicecosttotaltobebornebyoptoutcustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesNumberofadvancedmetersinstalled">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Number of advanced meters installed</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesNumberofadvancedmetersinstalled</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_AdvancedMeterSystemDeploymentAndSurchargeRequestMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6853383632">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Regulatory and Rate Matters - Transmission Cost of Service Rates (Details) - Texas-New Mexico Power Company - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Jul. 19, 2017</div></th>
<th class="th"><div>Mar. 14, 2017</div></th>
<th class="th"><div>Sep. 08, 2016</div></th>
<th class="th"><div>Mar. 23, 2016</div></th>
<th class="th"><div>Sep. 10, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">Transmission Cost of Service Rates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems', window );"><strong>Public Utilities, General Disclosures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount', window );">Approved Increase in Rate Base</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30.2<span></span>
</td>
<td class="nump">$ 9.5<span></span>
</td>
<td class="nump">$ 25.8<span></span>
</td>
<td class="nump">$ 7.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue', window );">Annual Increase in Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4.8<span></span>
</td>
<td class="nump">$ 1.8<span></span>
</td>
<td class="nump">$ 4.3<span></span>
</td>
<td class="nump">$ 1.4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAgencyAxis=pnm_PUCTMember', window );">PUCT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems', window );"><strong>Public Utilities, General Disclosures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount', window );">Requested rate increase (decrease)</a></td>
<td class="nump">$ 27.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue', window );">Proposed increase (decrease) in revenues</a></td>
<td class="nump">$ 4.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Increase Annual Transmission Service Revenue</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesIncreaseAnnualTransmissionServiceRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Proposed Increase (Decrease) in Regulated Operating Revenue</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProposedIncreaseDecreaseinRegulatedOperatingRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of public utility's approved rate increase (decrease) by regulatory agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesGeneralDisclosuresLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of public utility's requested rate increase (decrease) with regulatory agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_TransmissionCostOfServiceRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_ScheduleOfRegulatoryRateMattersAxis=pnm_TransmissionCostOfServiceRatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAgencyAxis=pnm_PUCTMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAgencyAxis=pnm_PUCTMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R59.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6859921296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="4">3 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>May 23, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jun. 30, 2016</div></th>
<th class="th"><div>Mar. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
<th class="th"><div>Dec. 31, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NewMexicoCorporatetaxrate2014', window );">New Mexico Corporate tax rate before change in 2013</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_NewMexicoCorporatetaxrateeffectiveby2018', window );">New Mexico Corporate tax rate, effective by 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges', window );">Increase (decrease) in deferred tax assets as a result of tax rate changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange', window );">Increase (decrease) in tax expense due to tax rate change (less than for 2017)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Operating loss carryforward</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember', window );">Corporate and Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange', window );">Increase (decrease) in tax expense due to tax rate change (less than for 2017)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember', window );">Internal Revenue Service (IRS)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIncomeTaxRefunds', window );">Net refunds received from the IRS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable', window );">Increase (decrease) in interest receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (2.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseOther', window );">Interest expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfessionalFees', window );">Professional fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority', window );">Net pre-tax impacts, liability (refund)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3.5)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember', window );">Internal Revenue Service (IRS) | Corporate and Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority', window );">Net pre-tax impacts, liability (refund)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember', window );">Internal Revenue Service (IRS) | PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority', window );">Net pre-tax impacts, liability (refund)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember', window );">Internal Revenue Service (IRS) | Texas-New Mexico Power Company</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority', window );">Net pre-tax impacts, liability (refund)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember', window );">NMPRC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate', window );">Period of time for proposed return to customers the benefit of the reduction in New Mexico's corporate income tax rate</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate', window );">Increase (decrease) in regulatory liability</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4.8)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (7.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges', window );">Increase (decrease) in deferred tax assets as a result of tax rate changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange', window );">Increase (decrease) in tax expense due to tax rate change (less than for 2017)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM | NMPRC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxContingencyLineItems', window );"><strong>Income Tax Contingency [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate', window );">Period of time for proposed return to customers the benefit of the reduction in New Mexico's corporate income tax rate</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase/Decrease in Income Tax expense due to tax rate change</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseinIncomeTaxexpenseduetotaxratechange</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase/Decrease in deferred tax asset not related to regulatory activity, as a result of tax rate changes</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseindeferredtaxassetnotrelatedtoregulatoryactivityasaresultoftaxratechanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase/Decrease in regulatory liability due to change in state corporate tax rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_IncreaseDecreaseinregulatoryliabilityduetochangeinstatecorporatetaxrate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NewMexicoCorporatetaxrate2014">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>New Mexico Corporate tax rate, 2014</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NewMexicoCorporatetaxrate2014</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_NewMexicoCorporatetaxrateeffectiveby2018">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>New Mexico Corporate tax rate, effective by 2018</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_NewMexicoCorporatetaxrateeffectiveby2018</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Public Utilities, Proposed Term to Provide Customers with Benefits Related to Reduction in State Corporate Income Tax Rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_PublicUtilitiesProposedTermtoProvideCustomerswithBenefitsRelatedtoReductioninStateCorporateIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>pnm_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxContingencyLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxContingencyLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the additional liability or refund received or expected based on a final settlement with a taxing authority.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (3)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=SL6600010-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the aggregate amount due to the entity in the form of unpaid interest and dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest expense classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4D<br> -URI http://asc.fasb.org/extlink&amp;oid=84234895&amp;loc=SL5624177-113959<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph -4<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest bearing assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIncomeTaxRefunds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash received during the period as refunds for the overpayment of taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3536-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIncomeTaxRefunds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfessionalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.2(a),(b),(c),(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488393&amp;loc=d3e606610-122999<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 225<br> -Section 45<br> -Paragraph 3<br> -Subparagraph (k)<br> -URI http://asc.fasb.org/extlink&amp;oid=6488370&amp;loc=d3e13550-115849<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfessionalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=pnm_PNMSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=pnm_PNMSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAgencyAxis=pnm_NMPRCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
<FILENAME>R60.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6859897200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Transactions (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember', window );">Services billings: | PNMR to PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">$ 23,451<span></span>
</td>
<td class="nump">$ 22,189<span></span>
</td>
<td class="nump">$ 71,044<span></span>
</td>
<td class="nump">$ 67,192<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember', window );">Services billings: | PNMR to TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">7,828<span></span>
</td>
<td class="nump">6,593<span></span>
</td>
<td class="nump">23,771<span></span>
</td>
<td class="nump">20,881<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember', window );">Services billings: | PNM to TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">115<span></span>
</td>
<td class="nump">105<span></span>
</td>
<td class="nump">302<span></span>
</td>
<td class="nump">347<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember', window );">Services billings: | TNMP to PNMR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">35<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="nump">106<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember', window );">Services billings: | TNMP to PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="nump">154<span></span>
</td>
<td class="nump">171<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_InterestChargesMember', window );">Interest billings: | PNMR to PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="nump">14<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_InterestChargesMember', window );">Interest billings: | PNMR to TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">66<span></span>
</td>
<td class="nump">13<span></span>
</td>
<td class="nump">126<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_InterestChargesMember', window );">Interest billings: | PNM to PNMR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">71<span></span>
</td>
<td class="nump">38<span></span>
</td>
<td class="nump">163<span></span>
</td>
<td class="nump">110<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_IncomeTaxSharingPaymentsMember', window );">Income tax sharing payments: | PNMR to PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_IncomeTaxSharingPaymentsMember', window );">Income tax sharing payments: | PNMR to TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionLineItems', window );"><strong>Related Party Transaction [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction', window );">Amount of related party transaction</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionAmountsOfTransaction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of transactions with related party during the financial reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionAmountsOfTransaction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_ServiceBillingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmrToPnmMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmrToPnmMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmrToTnmpMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmrToTnmpMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmToTnmpMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmToTnmpMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_TnmpToPnmrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_TnmpToPnmrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_TNMPtoPNMMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_TNMPtoPNMMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_InterestChargesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_InterestChargesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmToPnmrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=pnm_PnmToPnmrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_IncomeTaxSharingPaymentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">pnm_RelatedPartyTransactionByTransactionTypeAxis=pnm_IncomeTaxSharingPaymentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6847223104">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Goodwill (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Apr. 01, 2017</div></th>
<th class="th"><div>Apr. 01, 2016</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillLineItems', window );"><strong>Goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 278,297,000<span></span>
</td>
<td class="nump">$ 278,297,000<span></span>
</td>
<td class="nump">$ 278,297,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Impairments of goodwill</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember', window );">PNM</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillLineItems', window );"><strong>Goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 51,600,000<span></span>
</td>
<td class="nump">51,632,000<span></span>
</td>
<td class="nump">51,632,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount', window );">Goodwill fair value exceeded by its carrying value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember', window );">TNMP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillLineItems', window );"><strong>Goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 226,700,000<span></span>
</td>
<td class="nump">$ 226,665,000<span></span>
</td>
<td class="nump">$ 226,665,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount', window );">Goodwill fair value exceeded by its carrying value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">32.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=77989000&amp;loc=SL49117168-202975<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13854-109267<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13777-109266<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GoodwillLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of fair value of reporting unit in excess of carrying amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_TexasNewMexicoPowerCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>89
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.4.0.3
 *
 */

var Show = {};
Show.LastAR = null,

Show.hideAR = function(){
	Show.LastAR.style.display = 'none';
};

Show.showAR = function ( link, id, win ){
	if( Show.LastAR ){
		Show.hideAR();
	}

	var ref = link;
	do {
		ref = ref.nextSibling;
	} while (ref && ref.nodeName != 'TABLE');

	if (!ref || ref.nodeName != 'TABLE') {
		var tmp = win ?
			win.document.getElementById(id) :
			document.getElementById(id);

		if( tmp ){
			ref = tmp.cloneNode(true);
			ref.id = '';
			link.parentNode.appendChild(ref);
		}
	}

	if( ref ){
		ref.style.display = 'block';
		Show.LastAR = ref;
	}
};

Show.toggleNext = function( link ){
	var ref = link;

	do{
		ref = ref.nextSibling;
	}while( ref.nodeName != 'DIV' );

	if( ref.style &&
		ref.style.display &&
		ref.style.display == 'none' ){
		ref.style.display = 'block';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '+', '-' );
		}else{
			link.innerText = link.innerText.replace( '+', '-' );
		}
	}else{
		ref.style.display = 'none';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '-', '+' );
		}else{
			link.innerText = link.innerText.replace( '-', '+' );
		}
	}
};
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R9999.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6713843520">
<tr>
<th class="tl" colspan="1">Label</th>
<th class="tl"><strong>Element</strong></th>
<th class="th" colspan="1">Value</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersMember', window );">Four Corners [Member] | Public Service Company of New Mexico [Member]</a></td>
<td class="th" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount', window );">Unrecorded Unconditional Purchase Obligation</a></td>
<td class="th" style="border-bottom: 0px;">us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount</td>
<td class="nump">$ 6,500,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the unrecorded obligation to transfer funds in the future for fixed or minimum amounts or quantities of goods or services at fixed or minimum prices (for example, as in take-or-pay contracts or throughput contracts).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=77896938&amp;loc=d3e25336-109308<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_JointlyOwnedUtilityPlantAxis=pnm_FourCornersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=pnm_PublicServiceCompanyOfNewMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>91
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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MMWF\81AU8\K(XK%T-8943OTJDH\ Q:X831F:3LTXXFBD(3^ G/,6+V2?$9/
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MP^\N[ 9CC_8?&]\$VP9^W47[!5!+ P04    " "+@5M+F5R<(Q &  "<)P
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M+X$C(& HR3(@P.?,I-9H[LP%U>78G)M.'"@)1I1M1(+7(*I%"U&E%)Q;6"C
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M9PRV]B01I2C>4]\YISNS<2RG.[%Q>H0M($0VEAO.4KYS1/>*\[-G4G0.UD[
M"B9%)WDK<::(+,?J%5RZLT^>D!5,BO[C'4CO2LPV>6^??"##ZURAD5D[;\),
M%]QN3ZSJ'F&QPG0:U)O9!P.<H!"&[L;TX.Q,#S_?AB/!V4T>2.T1=CL'0IPQ
M8=MR"]5)\^HM([MV8D(+QK,'1C+LO >" @R"%]';IZIF2RZJJR&[U\O96!Y(
M'1)V3@=28,RV0VS!9+/C;3,F(F=O>2#].3A*+*G#;@(F2U[I;R373D2D2P?:
M&P);"4.:R63BM3=XG3J"!'(;'-S>&K+*A18'TC<SJX(GQ70]J1N3PQ_28H-=
M#J2!ANT,9[HH7G.6>(TVI-,&.QU8#XV4"H\L[;7)WA8-\9IM2+<--CN01IJ9
MC&D7'A$F;.Y.%O%Z;H14%.W*YT7TIMH,]C)3S4IU6Y*\'A[2Q -E:2'=.1(S
ME'*83K5U9[$A7AL/Z^/!EC;$:$\PK[%&GEB\/,1KY&&=/ !;TJ,C)4)G$9$=
MYRHF((>UK),'6$MZ=%ILMF"X8+J:B\M_IYM'%'GKU:;%Z<$1UH0#O"7M-6.E
M6;I=L"^HLL>0W+"\IL:?*3 *;;/A<1'ENW$YW-7_H\8H3A>-D#8:K#(*:9#!
MIDWN=+L9MM-%(TI6KK:F/G]1F>H[%!RH;CR%?E0.*4EK#M8^A?3<C)A(5#_2
MF: <5++>'"@T"FFZP8!0D]\+R$$EZ\R!8J/0CIM>H+I'A5)[<>'D )/TYF!R
M2AIO9@T3%":KWAX?<1ITA'7H0 U+2/^-IH;CQ'0A%>_J.6TZPOITH(HEK .G
M9F@1);(8W"6ETZ@CI%,'RUA"VG!*Q8B(<>Z%X_64L](C3%&D"4<3-MP3V1@A
M;Q9P.G6$M>IXE2QQ>G6$->M +4M8%TZIL$&!ZK)K=HO3K2.L70?J64+Z<"KF
MID3E;KL5IU='(BL:>MFDTULCK+D&JUK/JOH&D>0A(S*QIW5V] TW=]/FZ^'+
M@+8G5^MO][O]E\D<O?KZC4,?=?\-.>;U^?Z;B [?G//'VSQ]C='?EYNOM_?;
MD\_KW6Y]=['_EIPOZ_5N&D&&7\:@WTS+Z]<_5M.7W?[7_::(S=.W!SW]L5L_
M7#Q]-=+9Z_<S7?X/4$L#!!0    ( (N!6TLU2E_U5@\  !5B   8    >&PO
M=V]R:W-H965T<R]S:&5E=#8N>&ULE9W;;EO)$45_1=#[C+KZW@/;0,0@2( $
M&"1(\JRQ:5L8270D>CSY^S1U,<3>JRSGQ;;D3:IX+JNKJVH?O?JRN_WU[N-V
MNS_Y_?KJYN[UZ<?]_M-/9V=W;S]NKR_N?MQ]VM[,_WF_N[V^V,\O;S^<W7VZ
MW5Z\NW_1]=59#*&>75]<WIR^>77_O9]OW[S:?=Y?7=YL?[X]N?M\?7UQ^]_S
M[=7NR^M3.WWZQM\O/WS<'[YQ]N;5IXL/VW]L]__\]//M_.KLZ[N\N[S>WMQ=
M[FY.;K?O7Y_^P7[:6!N'5]Q+_G6Y_7+W[-\GA\_RRV[WZ^&+O[Q[?1H.(6VO
MMF_WA_>XF'_]MMULKZX.;S4#^<_CNYY^_:&'%S[_]].[_^G^T\]/\\O%W7:S
MN_KWY;O]Q]>G_?3DW?;]Q>>K_=]W7_Z\??Q$Y?3D\>/_=?O;]FK*#Y',G_%V
M=W5W_^?)V\]W^]WUX[O,4*XO?G_X^_+F_N\OC^__]#)^07Q\0?SZ LO??$%Z
M?$%:7G#V$-G]1_WCQ?[BS:O;W9>3VX?3]>GB<%783VD>S+>';]X?N_O_FY_V
M;G[WMS<6VZNSWPYO]*@Y?]#$9YIXK-BHPF+_JCF;$7P-(V(8\?X-TM$;#'Z#
MA&^0[M\@/W^#%);/\:!I]YJ;>TU.EL?R64!58N18,L:2(19;8GG0E&<_Q4++
MSP[:0S JZRV8$TW!: I$LYR_\R(_IK28EY@WH.JQ9PZF8C 5@DE+,%4/32UU
MN2@WJHH]YL+!- RF03!Y":9I,#&V]?I75>JI!@ZF8S!=@AGK]=OEI]0^&;K$
MHJJ6PK-[^BB6@;$,.#!E"6;H1\YQ.7H;$/7BG",+#*@ P=254$%_4!AII92J
MYIWM7+_F\-(@' &FZ9EJ=;V=2!5J=<)A;EK4RV9%S:/FZ&/7'"4<E;64LW=X
M&,-&'.YK0$G/5LMEO<0VJ.LA.0N#,8TMZ]KBO@4CU("A>;T[#?"81EF)3K):
ML\,*8XP:<'3%];DI(E.HS\_H8T2 TA9'<Y!A#%,#FN9UG3$"95WC45')7C ,
M4U.:6E[7&5-2IASDZ+R@.@Z'>6H U/4TG!O LF8;DFN!+J52O7R+L1J#WA7>
MZAD9A1%0F%<R1X5<FTM^784;$-:1)Q6<0QV=1%*!:'GE<U34Q9D*UK$2B(0I
MY9&\@\U4C$#%O%(Q*NWRS/5&64%-PAI&&<[2$9F+$=+4-1D^CYJ IC#/LIP]
MU<708_!"8LY&X&Q9.1L5H'TFQ>MM0K(Z+#D!,6<C<'8]'^=1^5G"B&9K9@;"
M/$)NYMUW3-K8]-8MSI8@,A\C\%$RO*CDRWUDDW.ONC+W*-$[U,S("(PL*[*C
MLB^V/M>J-:07=<=;2F9D^I[4,T'JV85NH')6_,2P30#;LBXA21DZ<M<=+C"Y
M1(]IB4&; +1EO822\K,?DITU*2+=7/.+%Y)3 P#,%CE?2L]:1XOKP=R0<-ZK
MH7LGCC&;(/TLWG7(6$R$Q77Y2,J[6&L)8?U8H.OS8WF?BL&8"(SKXI%P)Y]L
M137H8IO+K'?V&8M)$]!U!WB>-+7LHW<)"&2U!0?3B1F;@+%52E+*3@NZY)-L
M;CN=U"@Q89,2=@A!%)P]Q2[WJ\JJS:O(J9(Q7C/@==TDGV<%9Y.;>@.J-%,B
M)QPF;*:=_4J/K.BT*"484,VTT0N'^9J!KW7=3V7EILVD6:J(+\F. V*Z9J!K
M76^PK-"T:%*\ YE?8W6*K)J^KNG[>=:L=-[&54Z7RLI(YMQ=F2&= =)UO;VR
MPO>PHO1UWP&Z'HH%[XPQI#- NLHQ OC&'M-:?=R0<.:XJ7K'B3&=(7OUBEZ9
MR9J)K.L>+Q-9YQJEUZ(*1PZU. MB9KAF2%\59HK-7&I;2TD;U)6:'8(4YFLA
MOJYI0U%RSNUYU]H_Z&(KYH7$C"W V/5V/"_ V!FXI VDBZ5[%<O"G"W 6<%^
M48!"D@\JYR(JC-@"B&UKRE  L2F&L4*?=#D4K\A3&+,%J@1MO:X+=+/Z1*@4
MTTC81HC!28B+T]("UJX]F?.B#,V]Q"*K-0F;Y=J\:YMI6X"V;5T?421'Z=NB
MXV"8L@6JL6U%?X'FEI4HQ^<EV7% S.S2%?O-P7YAQ!9 ;%NQ7Q2=,]@Z@MRL
M)*RI5B>)K0S9"I!M*V2KPO.''DM8(4NZ$7/Q0F+(5H#L>M&?5RJW3O*OD"5=
MR"T[R5IER%: ;%_!5B%+;;6TM;VV(6%M97A%L,JTK4#;OJ*M0A5@+MCK/4*R
M/J*#_\JLK<#:=6]Z7HFU*4GE?4/"-I/^YATE9FT%UG9IV2M"N:A"PF\55:HS
M1J"$]+8/E0%9(0WUD%89:96*J')10_MHI'51WY#,ZTQ7QF.EKKU<SDJ]-NJ:
M%6Y =B@E.17=QFAL5#Y=+^>FR,NE2]6*9#UVYX0U!F.C'?YZ*3?(*M/<>JT!
MP1:_%&_/V!B+C; H$RA0&QW2Q"55[\X"VQB(38$H,R@-0)>"] 1(EG-P%K+&
M/&PT2+4F,0TZ3R5*/-#'RMXBUIB$#4@H.X6F@(-)%%#YDRB-&=AHEFI-AQIL
MVFN7^CO)YEWH9.7-&:>" NS*GZ:Y9)[7J1P?E=66O,FAQGQNQ.<U-6L WC1W
M[G*$0&?9'SAC1K>AJXY7%^Q,U0Y4E=&/3O-0,/H!NF^-?G3F:J=!@!7T';@J
M;600)7,@UIFIG08 5LAWI>606+ZI.0Z%>=JI[;_BO<.04SA4*==P5'=HDGA+
M8&>D=NA&>==P9PQVP*",?70 7*ZIK171#0E3.73/G: 8AIT&HE88=NA']3ZA
MN>[#4!CF_L*IOW8&8J>1J!5 '4:BRJ'^NC(1A7G4[F1EW9DSI=&H=7?8E78Q
MIKKNMC>@L]+-R\4[4[%3ZU^&7Z$S!6,?)//'/@8S=@!C9>QC4.-_Y";#P21L
M4VC.U328LL/TUO5VO(/9.*C6*8.]4.O,(Z^S&!O2U9+=0\V,'-2S7W$]H%UD
M56H5+\J. V)"#DHZ5[P-2">U'@PJ9YL[&+6#&O_K C*@5U1:7RL4(*O=O);"
M8,P.:OO+!81C3BVN6RC2]6+#28,'0W8 9&7H8\!(:8BIR[X%A+G75K*S\@^&
M[(!JIS?T,9P9?(+BNG@,I9T<96K5!V_<8_X/1O/P_9<&/IY4WXJ'-#'-==B-
MR!G$#YIURKS'DV@I9,@\ ^E**>XP?G"F\0-MZ-?[XTEUE%FV=6>R(=GA0#E\
MM>!,Y ?JV\OP>H!N$0RBH,Z?1+'@S.0'Z-[+0'2 OGP,TIHD7<K=:TU:8-@^
M?/^E%NZ3ZKB%#R</Z@#%O"GVX(SY!]KCJ_D%TE4=2B&9/Y5BP1GS#\!;F4MY
M4BU-2HGHVZHE(&?4/X!S2F\YJJ\6B(C* <$K#,\[Q(F)I@'T^H86U+ @NV(2
MYM*2UZHRSTI%7BH9"#&P2=FA#2,[9%2F,;*W*3775 6YK0M?SPH%7B@="S&P
M.?5Y@&7TGX1MY@)^6 Y_R1*E6 &O4XXIRX[+$3:OM&J>*\H@SY7ID"?5<H?V
MM<.Y06&LU0_+@3!9K61"Q,!$->^;MA:=-BBTG#T[I'E^*S)<*8C)<:7; I)Y
MR8]GMB*WE4R*&#BI#H=IQ?4&A=:'FY-YMBOR7<FTB(&E:J:VN4G7AY5I7NZ>
MA]0S8)$#2R9&C*Q5^5 .U@-&)JP^8O0"<VQ8%FE^0-)85(E3[075$I"#8G)U
MR>2(@5N+1D=>UBU!>2Y7>#Z -SUBC@G+R(4E\R,&[JH)LCRD(_ ]RB4P!\7D
MQ)(9$@.+U0\]UB +%PE'S%[QTAPSEI$;2^9(#'Q6*8X<Q'P-PGF[I.[E>XXE
MR\B3);,D!EXK*Y-SLN-'91K-G9,PQY9E$9@L\R1/JN/6E@Z4H,Z?*#''Z&7D
M])*9$@,+EY4V+.K%!<I<:QONT7*(3'XOF2LQ,')QX8:4WZS<F&/Z,G!]N51W
MS%J6()]UH><8K(P<5C)?8F"=FO>Z+%@@JYY?PQQ_E9'!2D9,#(Q3L;6UY+!!
M70R>:\,<?Y4E*MC*%9X@/YV)H-020#>>;PZ6F!QTDF-+)DT,+5LRQXNR,#P0
M.(8M \>6#'<8.+&*F#PV).LUNC>:PTLP;&DWPMBR)1%!W=;K1)ACV#)P;.G#
M-,B*517?:.Q*[@WG0!(L6_0X#8"DC37T#>ER[LF[N!W;EF5X=(#_3 Z'D.2V
MTL=%D)%*^@BH<@^U8[<R\EOI(R/ 216C^#=>E"TA.;@EQY4^-@*\5#$K;5'F
MK@".Z<KR_S$_8(Y3RL@J)1,$!AZH^2'2D*EI5*8>BO=H*G/\4D:&*9DB,#!"
MY3QRDY2$A'$DSX5NCF/*\O?,$3RICE:NGK.F<"2<J7%WPW)P238LF20PL%>5
M]-R%\A05<74T;]/BV+",?%C2NC<P6$TZMR%SN:0<M3^OFA['Y7BQK  TO>Z]
M.>XI(_N4KICDBTICZ#*.PM+-XY3CH#*R4$D/W\ =%6.M:_UY\QW")2P'G^2F
MDNZY@4VJ2BEM0[(2W4<D.68J(S>5],\-7%*IQ:99#PEK:_YUY0"9_%320S?P
M24W$E2C/.4%EZLE])(@YEBI[=$)]5Q_='"N4D1=J?>C4N8'+22\"R#*KVTIW
MG%!6(,W4NP5P&(O6W4E7F[N)<JQ51MXJ;5R#9RJUM0R^8=GPSKUCK#)P5FF+
M&!Q39<B>=$.Z7$KWTA_'665DK=)>#GBFM'H((K>&XKBJ#&Q5VOH$MU2*XF<@
M633OX5OF6*J,/%7:^ 2W5.MU+7MO4!>'>W$[MBHC7Y6V/<$OE0])I-"-A#%T
MMR?A&*OLT0OU?4U/QPAEX(2"IF>E^?Y<-#<D89[8<3^;P]Q*4P)ZH\!(:XJ:
MJ)#.AO?\"G/\6D:&+6UY@A5+I^E05=R[Q:$N6;:TV0EF+ M!4Q32S;VQ^QA'
MA[MDV]+6(ABR1M2B/\AJ<E=,Q[=E9-S2MB)8LE*8EZX<*/)NC1K=ASHZ[BTC
M^Y8V%<F959O)XPQ(."^\T;W+W'%Q&=BXH*6(*FDIOJ!: G+XVZ!HX';O'/.5
MD?M*NW=@K!++P0NB)1R'N^2^ZAH.5 !*5M_+=PB7L+R'L-)<@! %[%664]=A
M$Q*F$;PG89GCQ#*R8FG/#CQ69<SMJ(9%PA3=2J;CQK+V73VH1U4[.EJX[R$E
M[GO.GCV>__ +$_YV<?OA\N;NY)?=?K^[?GUX'O_[W6Z_G>\:?IP?\^/VXMW7
M+ZZV[_>'?QXNX]N'WU/P\,5^]^GUPR]A./OZFR#>_ ]02P,$%     @ BX%;
M2V4ISN!A P  'A$  !@   !X;"]W;W)K<VAE971S+W-H965T-RYX;6R-F.MN
MVC 8AF\ER@4L\9=S!4B#:=JD3:HZ;?N=@H&H2<P24[J[GW,HP_8+I#^:TVO[
M<?AX<#([B>:EW7,NG;>JK-NYNY?R\.!Y[7K/J[S]( Z\5E>VHJERJ0Z;G=<>
M&IYO^D95Z9'OQUZ5%[6[F/7G'IO%3!QE6=3\L7':8U7ES=\E+\5I[C+W_<13
ML=O+[H2WF!WR'?_!Y<_#8Z..O',OFZ+B=5N(VFGX=NY^9 \K2KH&?>)7P4_M
MQ;[33>59B)?NX.MF[OH=$2_Y6G9=Y&KSRE>\++N>%,>?L5/W/&;7\'+_O??/
M_>359)[SEJ]$^;O8R/W<35UGP[?YL91/XO2%CQ.*7&><_3?^RDL5[TC4&&M1
MMOU_9WULI:C&7A1*E;\-VZ+NMZ?A2I*-S7 #&AO0N0$+;S8(Q@:!T< ;R/JI
M?LIEOI@UXN0TPZ=UR+NB8 ^!NIGK[F1_[_IK:K:M.ONZ8&DZ\UZ[CL;,<LC0
M18;TQ,I.,/K?BZ<(SA@$,:CO(-0P,@-CR"1]IAXR?AP8)"!$?H91 H@2V"B9
M;Z $UBAAEF:1P0)20>9'&":$,"& 809,".Z+ ;RZG=% (@@2 1"C"I9#)M('
MZ?\,F@E!#2F&2#% ,LIA&=LCL8C,V.IN3,-)($X"<$(#)YF&<S>FX:00)P4X
M1H$N4ZLJS$_J5D*#R"!$!B!B R*S)TNX;*8D-2CF8^?Y "LQI>=;HR59' 4Q
MA:;\)B1UK"LJ9@#+<C&;C#4AJ6-A-3/;S417>L!&94"IEMV9;4N@=Y2ZZG>&
MG<J05$W#,]N82/$H=MWQ#+N5(;E:]R>:H/D[(1T&6Y796B5SG"4#PL3?V2E)
M'0O;E=EZ)=_\)603_7H_IR-APS);L>2;OXECZ#[2W9R.A'W+D'!-ZX^A6]J_
M&=&7<UBQA!1KFI]L<8:XBJ8D=2RL6$**-<U/MCB#C+$D,;^3JRE)'>O*ZA<L
M?RWSCZ$I6!.2.A;V-MG>IBMF(ZQ:0JHUZY'0XM2<TLV,CH(E2TBR5D6"E2GA
MBIR0U+&P;@FM8JV*M"4:!U%J(MU)Z3A8LX16L58EVOI$.'=2 XYW\:#:O3GX
MGC>[HFZ=9R'5,V__9+H50G+5H_]!];7G^>9\4/*M['83M=\,3^S#@12'\6V$
M=WXELO@'4$L#!!0    ( (N!6TM9*\?3*04  /P:   8    >&PO=V]R:W-H
M965T<R]S:&5E=#@N>&ULC9EM<Z)($,>_BN7[79A'F)2QZM08332;[-7=O29Q
M$JU%\8#$O6]_ Z(X/2WP)@KY=4]/_WN&'AP<DO17MM8Z[_W>QKOLMK_.\_V-
MYV5O:[V-LN_)7N_,?]Z3=!OEYC+]\+)]JJ-5:;2-/>K[TMM&FUU_."CO/:?#
M0?*9QYN=?DY[V>=V&Z7_C72<'&[[I'^Z\7/SL<Z+&]YPL(\^])\Z_VO_G)HK
M[^QEM=GJ7;9)=KU4O]_V_R W+T05!B7Q]T8?LHOOO6(JKTGRJ[B8KV[[?A&1
MCO5;7KB(S,>7'NLX+CR9./ZMG/;/8Q:&E]]/WJ?EY,UD7J-,CY/XG\TJ7]_V
MPWYOI=^CSSC_F1QFNIJ0Z/>JV2_TEXX-7D1BQGA+XJS\VWO[S/)D6WDQH6RC
MW\?/S:[\/!S_$ZC*##>@E0$]&Q#::, J W8V8,TC\,J UR.P1@-1&8C:P&\T
MD)6!K W"1H.@,@CJ.30;A)5!V#5+JC)09P/>;&"F6"GGUV/(9I.SV*1KILA)
M;E+K34FSR4EP4BO.6TQ.DI-:<]9B<A*=U*KSYC(A)]E)K3MOR=A)>%(KSTOE
MO>.Z*A?J),JCX2!-#KWTN-?LHV)+(S?&RC@O[I9+O_RG6:R9N?LUI#X;>%^%
MIXH9'1EJ,=QFQA@C;&:",=)F[C FL)DIQH0V<X\QRF9F"$-M9(X@Q+>9!XPA
M-O.(,6"L!<8 *988 Z1X0AB@Q _,#6">,0:H]8(QM5J>*;US_5&\_FCI@5D>
M0MP#PSVPT@.W/ "E1T<F*)E=R1"?A4" <2=JXE*@(.Y:B6FGD>Z;_%B9X7AF
MN)L9"B(9'1EQ&4D@!!5P?2.<#"5C@)L@')%,2K @[ESNFZ)< &SJ8I((0L&H
M]P@6*GHE6P+/ED"R!<(9"21;G(<!K"2$DX%0 M82PJ'9<CDT6RXF?1YP6%<(
M9F7KN#L*MT:YE(&"6R3",14X.7E ."JY(F#G?G2Y8JX48 L7HU0X:VCI8@V5
M(?'*D$AE@'%&LIOB,X3#LO4DG;B%8I3!C=S%)%@;SR["!2<2;N4N9@+S+Y[A
M5J8"/%-!]]T\Q#V$3JX%W+)"-X5<^DY'@F","RC(M!MVCV"$.^IBE @E>!S-
M$<SGG( ^Y\'-A=EMP&IQ78%T+;H-MFR;H"6>PL533L A%$]AZ28"5.,,P9"@
MGUS,: <7R4L;94VM.+:@C;*/[ ).I^P[0RD%"WC<B;KK1,TP*H1QS3M1#\@4
MW8+KY&J!4%?V7'+M8$*0?'.8;^(^&)F2,-]=J&D;94=]I9TE%(E:0,UHAWCF
MG:A'A((;0"='2R3R2_'MV5]IQ0G2BU,)-6-N.")0/(2J=>.F';DGC*-*2E"Z
M+^V<G8LKS3=QNV\"CXXC@K7?3,%,=*$F;90=]94FF+A=,(&'V1%!VE'"0G@Z
M''?D)NV<'?N5-HVX?5HH8.AN_R48;.;&G:A)&V4'?:5C(@&2<.>Q$B ),C4)
MN/N.W*PCMVSG[#E>Z>F(V\A0&L Y(@U(R)AI[: XH=NI!E($+(#Z(*#I-)3[
MSLD%OX54^/!XA7!2$<9@KXAQ 7=?/R$S-AL7@<^+.38104@ %](#!J)G+'S&
M$KZQ6R <HXK#-X3+UAG;=7*E?21N_TCAN6]40:WRSS 0R]H3 @H5$OC:\0?"
M.8<MA$%/6UAPG(4!?'GF7;S(+7X76D;IQV:7]5Z3/$^VY8O;]R3)M?'I?S>5
MM-;1ZGP1Z_>\^!J8[^GQ]YCC19[LJ]^:O/,/7L/_ 5!+ P04    " "+@5M+
MFU6\O;4!  #2 P  &    'AL+W=O<FMS:&5E=',O<VAE970Y+GAM;'U3VV[<
M(!#]%<0'!"_>)NG*MI1-5;52(ZU2-7EF[;&- L8%O$[^O@-V'*NU^@+,<,Z9
M"T,V&OOB6@!/7K7J7$Y;[_L#8ZYL00MW97KH\*8V5@N/IFV8ZRV(*I*T8CQ)
MKID6LJ-%%GTG6V1F\$IV<++$#5H+^W8$9<:<[NB[XU$VK0\.5F2]:. G^%_]
MR:+%%I5*:NB<-!VQ4.?T;G<X[@,^ IXDC&YU)J&2LS$OP?A>Y30)"8&"T@<%
M@=L%[D&I((1I_)XUZ1(R$-?G=_6OL7:LY2P<W!OU+"O?YO26D@IJ,2C_:,9O
M,-?SB9*Y^!]P 87PD G&*(UR<27EX+S1LPJFHL7KM,LN[N-T<W,]T[8)?";P
MA7 ;X[ I4,S\B_"BR*P9B9UZWXOPQ+L#Q]Z4P1E;$>\P>8?>2\'YYXQ=@M",
M.4X8OL+L%@1#]24$WPIQY/_0^38]W<PPC?1T34^3;8']IL ^"NS_6^(&)OV[
M2+;JJ0;;Q&ERI#1#%R=YY5T&]H['-_F 3]/^(&PC.T?.QN/+QO[7QGC 5)(K
M'*$6/]AB**A].-[@V4YC-AG>]/,/8LLW+OX 4$L#!!0    ( (N!6TO(,M>P
MLP$  -(#   9    >&PO=V]R:W-H965T<R]S:&5E=#$P+GAM;'U386_<( S]
M*X@?4.Y(UE6G)%*O4]5)FW3JM/4SES@)*H0,R*7[]S,DEV9;M"^ C=_SLS'9
M:.RK:P$\>=.J<SEMO>\/C+FR!2W<C>FAPYO:6"T\FK9AKK<@J@C2BO'=[I9I
M(3M:9-%WLD5F!J]D!R=+W*"UL+^.H,R8TSV].IYET_K@8$76BP:^@?_>GRQ:
M;&&II(;.2=,1"W5.[_>'8QKB8\ /":-;G4FHY&S,:S ^5SG=!4&@H/2!0>!V
M@0=0*A"AC)\S)UU2!N#Z?&5_C+5C+6?AX,&H%UGY-J=WE%10BT'Y9S,^P5S/
M!TKFXK_ !12&!R68HS3*Q964@_-&SRPH18NW:9==W,?I)KG"M@%\!O %<!<!
M;$H4E7\27A29-2.Q4^][$9YX?^#8FS(X8ROB'8IWZ+T4/.$9NP2B.>8XQ?!5
MS'Z)8,B^I.!;*8[\'SC?AB>;"I,(3_Y0F&P3I)L$:21(_UOB5DSZ5Q*VZJD&
MV\1I<J0T0Q<G>>5=!O:>QS=Y#Y^F_:NPC>P<.1N/+QO[7QOC :7L;G"$6OQ@
MBZ&@]N'X$<]V&K/)\*:??Q!;OG'Q&U!+ P04    " "+@5M+RC87N+4!  #2
M P  &0   'AL+W=O<FMS:&5E=',O<VAE970Q,2YX;6Q]4]MNVS ,_15!'U E
M2GI98!MH.@P;L %!AW7/BDW;0G7Q)#GN_GZ4['K>:O1%$BF>PT.*R@;KGGT+
M$,B+5L;GM VA.S#FRQ:T\%>V X,WM75:!#1=PWSG0%0)I!7CF\T-TT(:6F3)
M=W)%9ON@I(&3([[76KC?1U!VR.F6OCH>9=.&Z&!%UHD&OD/XT9T<6FQFJ:0&
MXZ4UQ$&=T_OMX;B/\2G@2<+@%V<2*SE;^QR-+U5.-U$0*"A#9!"X7> !E(I$
M*./7Q$GGE!&X/+^R?TJU8RUGX>'!JI^R"FU.[RBIH!:]"H]V^ Q3/=>43,5_
MA0LH#(]*,$=IE4\K*7L?K)Y84(H6+^,N3=J'\89_F&#K #X!^ RX2WG8F"@I
M_RB"*#)G!^+&WG<B/O'VP+$W972F5J0[%._1>RGX[CICET@TQ1S'&+Z(V<X1
M#-GG%'PMQ9&_@?-U^&Y5X2[!=_\HO%DGV*\2[!/!_MT2UV)N_TO"%CW5X)HT
M39Z4MC=IDA?>>6#O>7J3O^'CM'\3KI'&D[,-^+*I_[6U 5#*Y@I'J,4/-AL*
MZA"/MWAVXYB-1K#=](/8_(V+/U!+ P04    " "+@5M+P(^\2K8!  #2 P
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MW^/93F,V&=[T\P]BRS<N_@!02P,$%     @ BX%;2RZWYPZS 0  T@,  !D
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M.2YX;6Q]4]MNW" 0_17$!P0O>TFZLBUE4U6ME$BK5$V?67MLHX#'!;Q._KZ
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MLK'_%:(#GTIRXT>H\1]L-A14+AQO_=F,8S8:#KOI!['Y&^>_ 5!+ P04
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M":9ZWE$R%?\%KJ!">%02<I2H7%I)V3N/>F()4K1X'G=ITCZ,-[O#!%L'\ G
M9\ AY6%CHJ3\@_"BR"P.Q(Z][T1\XNV1A]Z4T9E:D>Z">!>\UX+?WF7L&HFF
MF-,8PQ<QVSF"!?8Y!5]+<>)OX'P=OEM5N$OPW3\*#^L$^U6"?2+8_[?$M9CW
MKY*P14\UV"9-DR,E]B9-\L([#^P]3V_R-WR<]J_"-M(X<D$?7C;UOT;T$*1L
M;L((M>&#S8:"VL?C73C;<<Q&PV,W_2 V?^/B#U!+ P04    " "+@5M+M[:3
MMK4!  #2 P  &0   'AL+W=O<FMS:&5E=',O<VAE970R,RYX;6Q]4]MNW" 0
M_17$!P0OWNU&*]M2-E752JVT2M7VF;7'-@IX7,#K].\+V'&LQNH+,,,Y9RX,
MV8CFV;8 CKQHU=F<ML[U)\9LV8(6]@Y[Z/Q-C48+YTW3,-L;$%4D:<5XDGQ@
M6LB.%EGT74R1X>"4[.!BB!VT%N;/&12..=W15\>3;%H7'*S(>M' =W _^HOQ
M%EM4*JFALQ([8J#.Z</N=-X'? 3\E##:U9F$2JZ(S\'X4N4T"0F!@M(%!>&W
M&SR"4D'(I_%[UJ1+R$!<GU_5/\7:?2U78>$1U2]9N3:G]Y144(M!N2<</\-<
MSX&2N?BO< /EX2$3'Z-$9>-*RL$ZU+.*3T6+EVF77=S'Z>:0SK1M I\)?"'<
MQSAL"A0S_RB<*#*#(S%3[WL1GGAWXKXW97#&5L0[G[SUWENQ.Z09NP6A&7.>
M,'R-61#,JR\A^%:(,W]'Y]OT=#/#--+3-?V8; OL-P7V46#_WQ+?8_CQWR+9
MJJ<:3!.GR9(2ARY.\LJ[#.P#CV_R!I^F_9LPC>PLN:+S+QO[7R,Z\*DD=WZ$
M6O_!%D-![<+QZ,]F&K/)<-C//X@MW[CX"U!+ P04    " "+@5M+-5W*5MT!
M   !!0  &0   'AL+W=O<FMS:&5E=',O<VAE970R-"YX;6QM5&V/G" 0_BN&
M'W HNNMUHR:WUS1MTB:;:]I^9G5\R8%8P/7Z[POH6NOQ96'&YV6&9<@F(5]5
M"Z"#-\YZE:-6Z^&$L2I;X%0]B %Z\Z46DE-M0ME@-4B@E2-QADD8'C&G78^*
MS.4NLLC$J%G7PT4&:N2<RC]G8&+*483NB9>N:;5-X"(;: /?0?\8+M)$>%6I
M.@Z]ZD0?2*AS]!2=SJG%.\#/#B:UV0>VDZL0KS;X4N4HM 4!@U);!6J6&SP#
M8U;(E/%[T42KI25N]W?U3ZYWT\N5*G@6[%=7Z39'CRBHH*8CTR]B^@Q+/P<4
M+,U_A1LP [>5&(]2,.5^@W)46O!%Q93"Z=N\=KU;IT7_3O,3R$(@.P*>C5SE
M'ZFF12;%%,CY[ =J_^+H1,S9E#;ICL)],\4KD[T5)"49OEFA!7.>,62#B58$
M-NJK!?%9G,D[.O'38V^%L:/'6WH<^@42KT#B!)+_6HQW+?HPB=_DX#4Y> 0.
M.Q,?YN@W.7I-CAZ!=&?BPSSZ35*O2?I>((EV)AY,^F%G@C=7D(-LW/"IH!1C
M[P9_DUWG^XFX*_P//C\.WZALNEX%5Z'-(+CK6@NAP902/IA3;<U[M 8,:FVW
MJ=G+>2KG0(MA>7#P^NH5?P%02P,$%     @ BX%;2[07KF:V 0  T@,  !D
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MV<QC-AM.#\L/(NLWKOX!4$L#!!0    ( (N!6TM\9@L(MP$  -(#   9
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MG]/H9%O*I8H2J9%.J=K^YNSUAP+& 7Q.WKZ ?:Y[I7\,+#.SL\ ZFZ1ZTRV
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M:B;H9L%HJ=X.K/859?D/4$L#!!0    ( (N!6TO@=/CT$0,  $<,   9
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M9FJWV_'%SKAC]'%Z:16<WYQM_@=02P,$%     @ BX%;2VS!+(IT @  0P@
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M]P/U1[S>)&YO&N\,6Q'67/'&>4]UEJ<E.7G0K-E.FN1*DRT:XOA+DB2:) F
M] J0QP%I%) &0'8%*&ZJG#1YT,B@6:?_J#*+)LDB2>[C@#P*R/^_S2(**"(5
M/-RT6?S59O)XDX-<'+Y_6\]4'Y@T:*^LNT?AM#NE+#C<ZLZ1>O><%X-#9_WT
MWLWU=*DGPZIA?J]D^6G4'U!+ P04    " "+@5M+[!)P,B,&  #W)@  &0
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MZ=O6?.)<4:WI/VG-4C^^XX+1DS+31,]%_P+U"\7;X77UQB>^^ =02P,$%
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MG>^ZF]F/?4,GS.<CQIQAS"7B7B/$I _,;(C@(PP#PS"'!NQ%&((;L+ !>VC
M73101/GYB(D'S.IX'SZXE&)Q-PCGNI M#LC!@!P(R!8!'3'^[(-BL+Y W6N4
M=%UBT7@8C5?1B"O3X]7GV!2*6#1&)#@<28"1A.. L^=-X.LCO#Z.'RD)-I!&
MC)2D;K/@Q'T-<1%$AD'D$:,C7PVBAK@(0CI,_F[$L#B!ZN,"@+R+)!BB1*)'
MAB$M8!&1!A41+",R1D=.(']52""PHB2"I43&:(EHF2B'2Q5R&0A6$1DC(Z(U
M0@52@UP&@D5$@(JPG&(9D08=$2PD,D9)Y+J45"&7@6 QD3%J(EHLT&0#8+79
MQF!A,6.$Q6C-*%,#($&(K!@L*T9 <LB,94AQTJ K!NN*&:,K!LB%<S&6P'L$
MM-E$(7IIL*Z8,;IBM&B$8*SJ*0W+0R5)!K+!^F+&Z(L94Z< $)V/#-88$U0P
MAN47:XQIT!B#-<8@C?%E1K2 V"XXY\JD:)R))D>6%ZPV!JF-ZB0@(]&&SJB.
M@L!./ G*8L&Q8P3':C614 8$0%8""09+CD62PYK DF-;%D1D131J2:25I&1V
M%7(9")89JV4&] U8Y>B^T2#>-UABK)88W[&QAH7!AH:^P<I@XYB^B2,YA($5
M#F&ML5IK0#]=KV>JD,M L,)8I#!D.\%A/7#=^#YRF,4.L;A,QPE42T<5<AD(
MU@)G1O3+"50-I :Y# 0KBD.*DDD39%?$-?0+9K!##%;I !L5P4>;2^Y H!4;
MV'UA37"Z6 !]%$9H' !1C7-879Q6%Q?9YA76 I<:^@FSV"$6EZ6+T]-_$B]E
M3C3*V)#8#AB6!*]+!!<]:0)+@I?Q6?&8S%Z366?%:Z9&(Z%<!@"8=3&3P>(Q
MJ;TFM6,5H<>D]@VD]F1_$I%:I45S-5KK?)D6#1LZ.K.NQH3VFM!#:DD3F(:^
MH?SWF(9^3/GO]7SK!LDH-Z, S$276$"8U%Z3FC81, ]#P]0<, \#FIK+M 0]
M[YJ40SDK ICK<B KO8!9'32K'9.G@'D8;$-:, \#6L^KM.@:VHG84G(1S,9$
M&! PJX-FM4N$AX$<%S04VP'S,*!B6Z5%U] V^[-#K%-:-,R[$%E F-5!L]IZ
MEEG,PY#'IR5B'D8]'^HZ*H)]?8GG6P;'O "<&R9H0^XJ8EY'S6M=147 :U.R
M&H$LRP_F= 0SM9"".6).QP9.1\SIB#BM4G)][[\*N0P$<SF.V9N+>NH%?0-
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M$V!,0^G1A6_07T\$J&%%P4H48G,3#YAN675,C&[B6ZIC8DX3X$Y#N=&5+W)
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MPWJLEO>O+];5PZ']M:W][DY?I3J].-1/UZ?OB<U?OZQV\W]02P,$%     @
MBX%;2_/[IYU!"   KSD  !D   !X;"]W;W)K<VAE971S+W-H965T-#DN>&UL
ME9M;;]M&%(3_BJ#W5GN_!+:!*G&<2PL$+=H^*S$="Y%$5V+B]M]7E"C!W)VA
MN'Z(+65VN5SR.^?L<GCU7&^_[1ZKJIG\NUYM=M?3QZ9Y>C6;[;X\5NO%[N?Z
MJ=KL_^>AWJX7S?[C]NML][2M%O>'1NO53 GA9NO%<C.]N3I\]VE[<U5_;U;+
M3?5I.]E]7Z\7V__FU:I^OI[*Z>F+WY=?'YOVB]G-U=/B:_5'U?SY]&F[_S0[
M]W*_7%>;W;+>3+;5P_7T%_GJHS2Z;7&0_+6LGG<O_IZTY_*YKK^U'][?7T]%
M.Z1J57UIVCX6^U\_JM?5:M5VM1_(/UVOT_-!VX8O_S[U_O9P]ONS^;S85:_K
MU=_+^^;Q>AJFD_OJ8?%]U?Q>/[^KNC.RTTEW^K]6/ZK57MZ.9'^,+_5J=_AW
M\N7[KJG772_[H:P7_QY_+S>'W\]=_Z=FN('J&JAS R4'&^BN@1[;P'0-S-@&
MMFM@SPWT< /7-7#G!F;XI'W7P(\=4N@:A+$-8M<@CFT@Q>G*B7,3:8:;G"^V
M3(XR.]XEA]ONS:)9W%QMZ^?)]HC.TZ(E5+[:M]IWWGY[N)$/_[F_]7;[;W_<
M."VN9C_:GCK-_*A1/8WL:UXCC>IKWB"-[FMND<;T-6^1QO8U=[E&>]_7O$/]
MN+[F/=(D_7Q FM#7?$2:>-;,]A?I?*44OE+JT(-^V8,1N >->]"''DROA^0Z
MWAXU_J#9'#3*62_:G^0JC%'V1F7PJ P857+G?$ :C8]B\5$LZ,'@'ASNP8V?
M?X][\& ,R7U[>]38%[.:$/)V2-$;1<"C"& 4#O<0<0]Q_$RT(0V&'0%&X5/.
M<Y&UY&0EBV\2'"BD00>)8CJ:85%_-(1AJ?(^+)LZ0K'4!=-/F), *)N& BA2
MZ:P,B_JC(6Q* ">]SH1.68"G)'Q* *@UZ:SX+.Y)T?VD<S-&VA\9858":&T:
M.J#(I6,:%O5'0_B7<0R\N<A&<F,H$B44B!+6DSY( %!R_(VA6.I%V*9!I!.]
MO-H6WQ=CE/UQD5"@0$:W:=Q"(L<.1.*% I0[2?H@E"M;<"$(Y<I=+A9ND<BE
M<>N"J#\:$B\4B!>.Q"U%R%:A8%8(CPKQF,T*$+FTLKX@ZA>9!%H-H'66]$&@
MU070:@*M!M!FLX)$+HV9%T3]T;#:&U%(0IDF%&I3,"N$0@URK0OI"=LL0&D0
MR.Z [B<Y$,<TP5HC&$EII0F,VA=,#H%1@^283T[("O#!<R;0:H":9RLG@IH1
MX\_9$-0,*&NS<^Y$O0MMAY9ZA$D#2/(DCQA"DBFH?PU;<X)\YM,4 44DO!N"
MFP&X>1)0#:'#%)2VAM!A0*KR20'YQH!Z5=FAPL00D P R9.(:0@@IF"9:0D@
M%N2B=!OH+10%<B!"D044L86=)7#8@AT>2^"PJ"),LOQ'FV_=R.$"U!*.+$*$
M!&[+=F8*ZD)+$+$@@:0%^ETGZ@5N/WA[6T*3!30%U@=!Q!84?I8@8D$.2:_V
MFTXT3/6Q&@)2)R):PHQ1]C?5"*$.;02E.Q&=J'_#PDW),<K^N C0#@ =2*9R
M!&A7 +0C0#L$=')GOW<YT%KHH;,F/#O <R"K(D=X=@4\.[;7"G@.R4;H.RAB
M>[J$9(>V?$)ZH#PONL%PZ0CS#J3%0)9&CC#O"M*B)]!Y %TZO;=0E"Z-+HCZ
MHR&H>82:3T>35Z#:P]V5T<J[3FF'E/TS(*![4-8&4D%X KHO*&L]P=<C?+/K
MBD3IIM$%47\T)!!X4/OFUS5?0BJ\:S9:>3=&V3\#$H8\B#"1]<$>^A2L2SV)
M&Q[$C9@^@44B5L9Z$EP\*BA">J \]Y^FEYQ7('$H@.C!]H@#B1ZA8*LH$'X#
MX#>=WSD2L?D-!/(P(IO/0Y[-S7!Y'D@\"(#BR)X6$HI#03H/A*,PHCR?A[P\
MUQ=.FR 70%*/I# (["EI07D>"$UA!$WS ,KS89HBH2DBFDAU$0E-L8"F2&B*
M*!LF66B.1)$]AB8TQ3$TQ9PF.[CHBP2FB& B.[B1P!0+8(H$ICBB-IXC423!
M*A*,XHC:>![1,TXS.+^$N(B2'"DY(G,F%%D3J#=A1'D\1RI/G^L*9D\0:.,H
MG>23ZN4LAS#X(%DP!X+(P?."+&RE8!X$46)"$,R%($;4JW.D\H)9# 3S& AD
M,L@G&CSYN##1S) @<@2]8*X&P2P)HJ!\E(+9!P1:>.83G:N\('E3"F8.$&.R
MWDF%BAQR0&HE C8A+TC>D]PG5)#Y)/7W((-//M% Y04S85 ?D!R3_DZJ\8LA
M24U#P.OC!<F DII]9$$.E-3N(\=D0:3R@J1!26U!T!>43S3(A!?N:(8K,.EX
MP:QFU*4C2Y(AL^!(Y,'))QJHO*3'8@RJ4<E0@60X/-',UR.!L<=+E@R9"T>J
MDF3(+#82>6RRS1ND\C(SY5U0)2-BI*H\97J9CPBDS.%UFV3V'@E<.5YF#KQ.
M-;Q /LW$&&TR.A8'@-_'2Y9HF.%'ECA^)+/\2.34 7=+KO(RLP1>4"6N5!8H
M@.\'7#L-'M!DR]UN7*.TR>A8:-%Y:/&2Y2YF*9*ZX(F.9%8@B;Q N?L6J+Q,
MC1F75,F(6.S1*%ZPA,.L15*79';F!9+(#)0[MH'*J_P.&E8E(V+<:\"]8EF"
M>8ND+N&>N88DL@WEW .55UF6N*!*G.2,>P.X5VR=PUQ(TI24W\Q>)(&_R*OL
M]:%.]7*GD9XU8]@ [I3-CI2K\C<89B]>UFI?9?QML?VZW.PFG^NFJ=?7[<M9
M#W7=5/L>Q<_[03]6B_OSAU7UT+1_ML\\ML<W"(\?FOKI^OAZY.S\CN;-_U!+
M P04    " "+@5M+EH_O")8%  #F(0  &0   'AL+W=O<FMS:&5E=',O<VAE
M970U,"YX;6R5FMMNXS80AE_%\ .LQ+,<. ;B[&Y:H 6"+=J]5FPF-E:RO)(2
M;]^^.L6U.3\9*1>Q)<^!0_+C#"DM3T7YH]I96\]^Y=FANIWOZOIX$T759F?S
MM/I4'.VA^>6Y*/.T;B[+EZ@ZEC;==DIY%O$XUE&>[@_SU;*[]UBNEL5KG>T/
M]K&<5:]YGI;_KFU6G&[G;/Y^X]O^95>W-Z+5\IB^V+]L_??QL6RNHK.5[3ZW
MAVI?'&:E?;Z=W[&;AT2V"IW$/WM[JBZ^S]I0GHKB1WOQ^_9V'K<MLIG=U*V)
MM/EXL_<VRUI+33M^#D;G9Y^MXN7W=^M?N^";8)[2RMX7V??]MM[=SI/Y;&N?
MT]>L_E:<?K-#0&H^&Z+_P[[9K!%O6]+XV!19U?V?;5ZKNL@'*TU3\O17_[D_
M=)^G_A?SKH85^*# SPHBK" &!7%6X"RH( <%.59!#0IJK((>%/18!3,H&$<A
MZGNW&Z[/:9VNEF5QFI7]C#NF[<1F-Z:9$)OV9C?^W6_-B%7-W;>5X7H9O;6&
M!IEU+\,O9-A9(FJLGUUPY&+-B;KAYMK%/9))KF4^4QEAG*9^H3):L&N9K\B.
MTYX'U)X%#EK ?A6= 7%I0,38@(0&9&= 7G:Z<GIDW<N83N;0R7"M5=S^.3$#
MR<2P:\FK1BG8*$4:9=SN7?<RZL*5E@%'&CK2P!%W'&GBB&ME JX,=&6 *^&X
M,J3[6,Q%P%4"727 E<0&%M# 8ORL8C'F/09M4 YI@]!EO%KT\\KGS;.Z,.!-
M>TS U>..\0DQ8Q:9&!.S(-.)L42%8L;@,D!NHEUODGCS><$D,H2B<;U0%EDP
M(@PCHS1JZ1M%#!DS$T81P\,H/5JZ*R(4\BS<##/&%L"$<?U0(:4$]L,QB9R2
M2%=X3DGL5VVZQ ^B*BAZW3 ,+4?0)AX3&%H^ 5J.H>4(VL5US ^#$.H>CS/,
M+*?,&N:9-AP#R=6$D#%G''%&9@1(C=SG!\/(0<J3/A,81IY,B!9SQBE"9(#O
M!Z&KPF41'&&!:1.4-LX]%C 6@HT/66 L!!^!_"!D8&KH41]$KFHL%NP43Y&*
M&'/K.4$3(P\E$8$1$P QZ=E'"(R8F("8P(@)5%BZI8"@E:58F&#,&#2!:DLW
M20]"E]Y4''2&D12@NI2^*8Z1%!/J2XDYDZ"^E&XY+6FJ4D&H)492TDP%-DDL
M4&H-NR,JPG6P/9AO2?DV4KKMH?!^$#R&5P)XI?*8\.PQY83QQDQ*5(>Z0$E:
MAWX0,J97 GI]A:C$2,H)A:C$H$D$FD/UET'H<A67'\2,F90@34I/-:8PDRH>
M'[/"I"E4$[K5V"!T%7,P9(4Q4@@C3S6F,!QJPOF+PG HD+!(?:+HP8K0X9@]
M)RN4(Z%\,6,ZE)X0,Z9#H81%#GAHP@J>)&&*%*!(Q:ZK9.PV66%Z%*6';,;7
M@U H0P 1J4.G6IA$#;*C<OM7T^SH\X)AU0!6Y:D$-$903]C :8R@'G/JHFEQ
MJ1<A?#2&52-8W4I+CSYTT1A2#9*=;]>O/0>;$R#5&%*-(%VXDXA"*L*G 1IS
MJBFGM,;2E%/F.8E&HER'%A"-T=8@,2K/::K!.)H)B=%@ULR(Q+@VM+Z4X<$P
M&$LS9@-I:('I#@(0"9_O&LRX 8QS#Q &DVLFU* &8VE0#4K&0)%,;<(A8X -
M.G]Q:WP#GDUXO'@>2@#&N7*]4"'O(:3!=)LQ=!M:RY()%1*Y;@BFV2":/;N9
M!-.<3* YP30G*'.ZY4)"R]SP3$HPS DH<Y7QF,#\)1/*W 3SEXQY7)'0,M?U
M$ET\<<YM^=*]8%#--L7KH6X?,%_</;_$<,>[)];_B_=O0/R9EB_[0S5[*NJZ
MR+NGT\]%4=NF)?&GAJF=3;?GB\P^U^W7EN^R?_.@OZB+X_!6171^M6/U'U!+
M P04    " "+@5M+I;(W L\'   4-0  &0   'AL+W=O<FMS:&5E=',O<VAE
M970U,2YX;6R5F]MNXT8617]%T'M'K#MEV ;:(@<)D $:&<S,L]JF+X@D>B2Z
MG?S]4)3BB'466?1+NRTO%FOS4NM44;Q^K_>_'YZKJIG]L=WL#C?SYZ9YO5HL
M#O?/U79]^*E^K7;M7Q[K_7;=M+_NGQ:'UWVU?N@VVFX6.LO\8KM^V<UOK[O/
MONUOK^NW9O.RJ[[M9X>W[7:]__.NVM3O-W,U_^N#WUZ>GIOC!XO;Z]?U4_6O
MJOGWZ[=]^]OBHY6'EVVU.[S4N]F^>KR9?U5795@>-^B(_[Q4[X>+_\^.4;[7
M]>_'7WYYN)EGQQY5F^J^.3:Q;G_\J%;59G-LJ>W'_\Z-SC_V>=SP\O]_M?Z/
M+GP;YOOZ4*WJS7]?'IKGFWD^GSU4C^NW3?-;_?YS=0[DYK-S^E^K']6FQ8\]
M:?=Q7V\.W;^S^[=#4V_/K;1=V:[_./U\V74_WT]_"?J\&6^@SQOHCPW:?8]M
M8,X;F+\WL*,;V/,&=NH>W'D#%^UA<<K>'<QBW:QOK_?U^VQ_NAY>U\?+3EVY
M]G3='S_LSD[WM_9X'MI/?]P&EU\O?AP;.C-W)T9?,#I""HFH#V+1=N"C%YIZ
M<:?E'OH[6 &QC/J0;*0<;:3738,'RW3;V][!&FC 8@.V:\!<-N S;L!A T[V
MP*OH=)V8T#&[CLFB@YDDBB11CA&](!Z#> @2G:Z[$^,N=N&##ED6QY%<<$%R
MA>1TIG(EP!) '4P/[$4,&#% 1!-%#&)/7W+K9)=6!.;.RI  :F><EBF)],[K
MP9@YQLPAIHUBYF)7;<\AI>2,=4Z&E)QJNRV/1@E@9KP;C+C$B$N(Z**(2SB:
M%B).Y K@@H:$::X74&6L@0PB^M@#&=Q QLN, *JE@3L20*^RI4P)H.ONW*&8
M [93$#/$,978EPB81(HT4HXB_3BHS:]*0QQA;YWNJYXZF"L6HP(S^@$S*E:C
M^H0;%<M1@1V#R$K00+&BV%T*Y!7T0!/L!A4^D9;'704#KTQ+D!G8#P]^"D:_
M8+D)S:.+SJ:GU7SG:KISX\I'RQL*ALP58 8D<\8N[XH &H765#9L&,VWLJ9;
M.2Z(M+R5VS$0!F $<QB  329@@&80.V'!V#- X6F@2(NBLY0SVG*9#GD1#*
M3HDT2VT@*9!6*3,<E0<T;2<41F?H<F=+#54#<#J7)[X@+GBZ:B68NWPX(X^X
MFN8C<65TAJ(#2E<M@'3- J:TE9='2:0>KF\U#_>:YBIQ;:1QS@ 9)6<RR AS
MGYQ.H^3RD;/(,M(T4XFK(BVG"R*;1(Y]D>&2396 ="/Y8#)VI*;)25P@:3E)
M$#T>0_H=88EJDJCC)@Q+U'Q"HH8E:J9(U*3+WS12I)%R%.G'86>:*<XTH,(
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M"0214YTGHN!!2F29L404O![@,.&R1UQ.A<7GSTNI:'C"9@_8;,D%@R=$]6Z
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M5=7H'%&&3:QC;$3%:8&%759+)FH(&UDUF6C QI ^QNA04=CMS6Y8Y9F@JK+
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M8F.]-*%L\E^'U]6V>]U;_T<SW(!; WXRX.RB@; &(M1 6@,9:J"L@0HUT-9
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M+++4'P[N:_J&(U@O8 ^1Q6 X#)2YH$<,Q*AH"/T02#_ P"X1$07FU[+=)X9
MW<@(_1!0/T26^>ND05I$+)# 9A:I>I'W(4AW!H1Z"6RK13RR!:%>(AW )T)
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MT)3N(DHG$= ,LYN!0(BC4,0/*. ' MMG$1U3,GU<*;99 QH5=ET%@BPAKRZ
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M97U>=)]=NHLJW^M/2M[IN];B#U!+ P04    " "+@5M+XMV!ZL@-  #67P
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M;A3[VY#;8,O@(CG<8@87R0&7G8COGRW)(1<WN$@.NMQ%7?9'77+8)0P-H^3
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M5BA#XJDIW(IL?;@HQ*;MOL;J>SV\IA@N6KG3KV#\PWN@Q7]02P,$%     @
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M@) N+< ,%82MCB&KZ[G8+0>V%<;&"(MMA<%%BR$L-_^N EU9$T.&M ##=$M
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M79L+":T/TS7.[7CBQL*;?KI,=+[1U3]02P,$%     @ BX%;2\Y,984"#0$
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MR[Q*5ZOR.2T6@#\X-.#1;@MO[[>XY-;WWV9 B!<Y$R]\)UV7VUW^3_J@<<9
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ML98A(@9 58N,#5?I=HNTDN#:A!839%SG+QVK#:4>''H<0"DGV1!R(<;2+^^
M8WQ!6#6GZGPP2G?1F^PQ+Y!!XS&Q$?E5[Z.AN_/-6Z3\M'^X<UZ5>IM7"^#'
M^VT+]CL#$0+9:2FIG.0BW>0[YLP=UB"BYWQ"<$/PO+)E^_T(%H?>G^4>J!1,
M!M223J;MAC?6BVH("!LH0BXS_@T/)Q5>0]06A$8AS US%_-YTE+4-$FHL"']
MH+'D)]"2ZW<ZH 0@!*8/#T N@/VVBP+M0N6;=$7"QRTZN4X7)=]FBUXT'+3;
MJM6G<T7<NJDY*UH1L+-N_&V103QB!&+3'G!@A1;RG.04>:^I1!V179BK^]F:
M-TIVMD&C!1LLCO(08_QN%U^N6^12 #Z*>ZT4)$!XO]AVA?P4J0HH/$@F(C)X
MUMH\.<]97@. JZ\Q2KM%M'F%G$@C"^\PT=-0&[NY ^/^(&/>X,5M[)P^Q1M1
M9=LO^0+P\"E;+0GW'O8@Q&0HK+.<"R+8/>#@/?Q>%DUR]1V(-8BA^S5B!0KX
MKW%N(/?8U-9"+_&'+8MJH0-.D8B>R^U/.!( Z1&(;Q/8^\4*/9$HN_NK9Q9_
M;*T'A4^GW(E/@#;""-!!.KXMR^4SW.%VK%GJ>(MV'P.C1?TIFK4\H%[P:QUW
M5Z[7=P=4*4.\V^0K'0)O/% UI^ ?ELJN0?$&*H";WI15?M#G=D!-\3+84@SP
M!]UI!P2=0[.$I.C @Y[ O(4].XS[H1 \@U.[V6;K?+\&I1*E":+SL;C/[G?1
MAZK:$U>X;O<C*L*1@&T1[M !7@6WM6&0:&Z#L!=(\TX<05%YO\H?TU9)0)73
M3=,&AM<:MF'&L0;O8W> MWCL#AA E,=T6G[WP /(R7*Q!Y'<".(-2"HHQ\,]
M.[_-LN@CJ'/18%"W>6%,SC?5)EUD__8[((=(V;+?_3EJ8CV= S+(N@,N<+61
M?E#N=]$:EL&7 )[,UJRV;*V+[OQLT.^#@D*G2X;"/T:#?MSOTS^)UHG2/8RW
M103\8P1W 0^,0.;C'V!3XSB9#^6-5D-W6KP$&A&:<K-M)2J.&']:G/7=.I1%
M33Z_16!V%BQ5*V3#]M^JDZ<Y\*U.HQ]C@5W__Y"5M[%J:X?/O1?;&>O;1V\?
MKX%_= :GK.1*1>-#PIU_2.Q(3=M>2,DC.KC!'[WDW1 ;0!VYS $*K+Y\G4S^
MM3Z#JZ\0D:\Z!!- '2,*'+B6&W<M*[V6E;N6<7#/HG-8_0G.W=,'K]]5FJ'K
M/KYV6+GVO^:0EGP<&M<0@!@UQ-?!+WC[=3!J>_4$.+2]=NI>.V'X*R//KX8N
MOPJ"O!XE#KN(R$/DC?]B;CB5<A"A;:>^%"MB(TUJ/.Q=*_T]%)IR]>GZ0R<3
MZ@KE0=82M?EX#_$66/LOV02\=6@?\'7;5G"N8[N!9[YJ0X>#'P\M]O";PK:B
MZW:V=?CEH[M5PUET_C93$UH>'L3_4(S]S\\ CNA]N46+<B-6V=RG[.$!>)OU
MTIZ3J#EK7!WAKC%&D_#C3:7'&T?OA1>GN^B@S:OYQMW'[V^.OF8M%6V26]-V
MZ43<.HM9JBIW7,=#WT?M]=->.F3.?\=$RP#L8-1Z[7&%UL%W;O/'@CSR:%QD
M"0;'N 'ZMU!Q\'-6;8 DYJ)$H>@CWA< M'>A=]@:@^'^\^H>@V 7NP;B_8H+
M:?L0E1M@\VP2^E!0,$>YR0NQN(%2D[+2'=-7*,S1U<,U[(MT#RJ=NCOS==3!
M*UH7 TBQHGL$MZ[ ?(&5Q.BB\LX6<5!7TQ5O,;7^_R<X/8S7*T#"KBK$T%T9
MD2Z'(1-IOEV]T&H7=A$/;A%DQ2"; B$!+.@>[H1B@FCX"_E4;E,4-T>$"?<K
MMJ"(OQ7]161N;M.,\%APC-W3-F-+6H&Y$6N.T\[0B]"U'%R!F/SJB[ .'IG@
M5<-&/6#.)"0X-(#]>&!5_L30M5]2;@=B&?G%OKVZNE$EMS+8@@>R3G\"8EGM
M\C6,(*<(<@MKQGJ*3$MQU;  4'G8T+<7PU1[!$&,<=;BW6'/G^C^NXX7\*!Q
M"H08OH"_M^W0@[AM,6K*IX<T%-L&0?%+^!>'0_70!;LG5S C"MS>U3*"7PDD
M*PQ1A_UOV1T#HF'EX04O_YBE3*S3/4Z$,PC?<X[*=@QDLW %[*XL8':,$TK)
M1NMWU_::7"".+&I<]M=<;;J;Y<[=SWR%1A$9GYEH.#6%9Q: K&A^BEY ^6.L
M1+Y*^WG-[!(@99"DTL#ESS'^S\>,; !GR2LYN,B!F=1N!'+2_Z,!>0+Z]S-<
M:AIY7U$,')P5/&T=T"E&HBS4LB9A?8UYW\H0N/MM]@@B!_E'"X"4>1Y6S=P*
MH%*5L+,EQH@A<EQKC(W@IQP9W>A7'16L2* ,N);!<I]2.)[[+$/CE0:F9>1K
MD,N/O\I<T[9K%/F#+@LZQRI[-?HXWN*WFINT,HXXV86'S%P$(&A#Y B1BP*O
MX?&9_=X7;KUP!B40/'B'Y#A 6OY+O?,XOASY"J[6?N623<@JCB?< PZ=+@5-
M=@2/5@);/1&!('%),4?O.F&$_T,QR9$"9<5?<^2.H=8 EZ.'LMJ@)>>+X-85
M@_(SW1B*;'F/*#'H7_Y[C[G!,H.]P>!HA #&@ B!A!,GKO2W<AO&6- "R@5P
M?N (.X&JRFN4%$FT.X[N]SM-VVB%(&V"E6,D*4CS7/("DT7^MA>]H;"Y4O?)
M%#*&^PSBU@Y@(+P@7\.]C%U(6W-3Z_0%AQ4>J#XY$6Z0@>PZ-H/C_Z'<UM\4
MA/;(V[9/IHYJYWTBP*:K/9UY*]S=)/<O=$J]2 *5) K+8PW>+A[\] N+P?3I
MXHF"-)K$SA%DAK3: X4;(=.S)JN<S0C/3SD,2'B1<59@^8S"%<#[[^46__Y2
M[JREMT>)*2 NEE8^JGRH-BMIXPN<%X6Y;;E_?(K^F@(^@P Y&,<B92',.2Q,
M=-+H;KO7\6D1</%)9?%A?A7[2+]@XEKT]Q(^7KU<8KP0NE50826GI-*%18DA
M2^@+V6S+2^"!*=M>5#1A(28.19Y Z&!)#T'' S,^I(\@6/*)J"A86PNO F;%
MY3-T\P?DO!3;%,%*Z9K %4Y!0,#;D7.L8]VUQ&#"F#]YEK@7#E)%ST3$Z!*(
M6K)RPF_.7G)VZ>,E"#9N)M"/ZL/W4$G)?EZ0P>FD51#ZK/A^'5T!)Q_2.(MT
MDRX(\;I6<H?DT_",H@0T!JQ5>,D;E7 *O*IZPJ>=E.=]9$:BE2[5%^]].8(5
ML5P:)VEQ!J*G[AM0T5@86VZ!H!=(#  7 18(AQ6@[\J$(<7T#GNN%7A ?RLD
M[D#=LT=/B:K,+8I>DMB7E%? DO\V((J5IGF*<A=D@3HT%PK8,BE[("NC&XN_
MF"EBP%SNL]TS'L\ATA3$ZYH < 0Y"?02_$0BP'.V6A$S8\.1G0Q$_M7JP%IP
M>&$%5MK(5LAG6++SKLM1+_*V$;B+ULH6?F,%A<!R0G!W9I5[5HO?E"!N,LE@
M_N91'!]T2J S\P#31!<-ZI+%3GBF>74-+(VBQ$QXPR*XQ6[&O")N!3]W0,47
M)*VQ-L(,ST^)1!Q^]8PQK67+X+@5I@$LHW\ "4>I0?D0*A#P"N6HZ-Z5X+>M
MS"IQNZ=\&XR('WJ-1)[749?V% + -]:O%[VYYK-^+QDE8^];0$C\=0^@<9HZ
M/I+8CR=ZVQL7B_<M5Z<V&>KL\(VH-B>D1*K:(V<NUNQ7)*S_6E!K'$LKT+R=
MHP:Y[J=.!&0X_[\$CC4P(KER$*2 #0Q )?-/-SPUY18!ELQ[TV@-I)G#:TXV
M%8EDI23S%ZUAU!NX)=#I#&:]_E<L:M)38^4I#\>\@#7H8$JT;3ALQ>"9F;7Q
MFC5#TBP1OF %'GT2UAZ[+0OX?2$WP)9 P4REC(Z10@*0R[O #C_ )AR F#8Q
M"#2D$)-(E^5FYZFX2O^YM=S<9ZOR.=0.EB6IQCMBJXL=V9SR!5#<%PHBQD&%
M]B$;1X<@1=3S++G13]CO@0R:).N>W?ZM>^^'#2DW /;197_NXA:D@@2;NC!8
M!XW=$ERO 695='Y7;O)%-.E/+O!\OT^)UHU8SGM_=?M& 7=U^X-.P;M=E"S@
ML$[CQ+D]7"I4NW(5@PI5)YRN+2F_:MYC^1=6P7H;<>\')CEP1.L<[^MC62Y)
MB752#UI'W"X0K&J9X6F%KE3.?(LTCK$#WE1=)].U\4FI(<\)L+F7?(T&T%A,
MST*'-2+86Z[&+6,[#:*3O!5*( &B2(ZPPY=R#78#,)C1FP>3PO7/HDOBP!SZ
MA4XG/HT0@>ARH3"@;TH .SP/,\AY(:G)'P!3UQI'3T!SY^H7[=-Z0 NK]B",
M/+((;(!-.M4"K?*HTY.HAQ(-3"!&6[JTM$VKZAB1#Q>)NH%:W_R:-XC0*-'0
MZ2USEE-_1'-ACA<81<K*@T!4%R B>N4BC#9%X7V5+I"B57AC<TX.4-P4; UA
M .M@E=X>.\C$)#116ARB^6Y;JB5G169)DI0 :H Y;*XV9 1M7@4JV^62K7_!
M^YARF,O=3:/%(<\HI6K6HKR4":HUGDF0F H=V0*9/L?S)->!$BF[0QC%*>]$
MYF<Q::L=]"J.]I7*>!W;6F=PHY;=2T)D13O%#M=&HBO*^*N,9%>RL\ =JY1U
M!]<$& W@$<;9,MA(2G8*CH8NY\42 (=1.WDE7HT]K;E$#I?O1!;R.IK>++J!
M7OI&C5AB3<3<_@C"[\;>\84SJO*4$4(!=2F^CDZOZ_K>&G7P=A(UE]4@5COL
M%!N"X714\^##U;5S1UA[<>AHJ:H2H\*R)4--Y*T4M(5MP1O3FT%AY>FZBKVA
M/F?\7JO_ ;4,=;4T72EP4[8E)G"1,KQ%FN$&1:T.@SQ!?4!FOMJSW3YDSVBG
MHZRA.&#/COUZA"8K%J>N1@N7:]5VQ[V)&6%JR76(F8(KS(A26,?+/[,NXV$(
M;JE:U,H10B0^RN\GE_V!X_?>3OC!IY=$Y[?[^QVQ^%DROAST+[X!P<!O%Q?S
M?9;B2O06^7&NO&O/?VABJ5%@4(+@+7DM0@.N4X5^]%$"T-#&0;=X34C@TLS%
MO:F7QD/3Y,ST[+A>DZ_$T^;@23("^U->;'8(L7462GVN"N,[E@0D<TV&'BD8
MEBQI6&V  M/P552$MRD[C[9M*;$+KE*7.Z^$^&K%W=B8F&6.-9\"V7#\A+RJ
MA0_V,E^9VBE2F$#,*%OV8DJQJ^C3]8<08H& HF3I5!SM13_0%0F.MD9K:K"F
M<%JS81B)REL Z<Z4KH,<3IM<LNXCZ01(\-4AQL=KAZ:$&"'H']_>21P X,H:
M-13RI8E"L$-[,IGE#Z8PX]Y<C0%?6T $=;\!5ES1J$P8O ;A@[W+:O)PC)>S
MZMV86A3(OEY$&%D6(?A6:D&P$X&>N@QI#XDMQ#"#8WTE>P:<$%EYEU.%KY?&
M2EMCRN/FVC$_;,<&A+9[!:N]SQJ^S::4@L=S6+CA4@/D63=W H'&5P+-48<6
MX):=!<8241R$F9H5F*GWF[)P4@J/R08Z%:Y2GY<<0B<U8&9_&F+X4]J"&64+
M83KU$%"CGO=F7MEO"[4YA:4DCJ5\EU'FO^B(LU%".N+[['Y[$LU/.$B(71]6
M/&$Z[;A0K,2/HYXL)8KKI ASIVA5O6 BD>0)T47O-,DV]O!E^M [2-$0, (/
M'4N%#WE4;?L.Q00#Z6&KM\"24"MF)PSK=?GCT^ZR?+C<5^)DDLN+%-BL"MZL
ME<K"B>L3^&B2YK"X R7EN@LOBC'K,?</KIHO6*'/ZT4A101] S3-"HDIZ1_*
MPG-KW>#+3()9&KH'2$15(%8UWZ4J)EL33H7C9Q@SJME*C'[^_@9N6^$Y&>=$
MPDLFT=ZDZ,.:X$:D6S5@&U:U@[E\T1])X]!961#4M+9 W2.,:V6BG3S32;.P
M\]6+IR-RTDXCS4VX0X=4BXXJ$CJ) >S0P.]>9^42O@P9P?PX([ K,MN,FX?@
M"[8!-GJIQ>DBN,.<<OWK.BZK@YTZ+ND#H"*+UT+_] (4WE >U!K@U/TO"02A
M *]4A^DNY957;-X1R0O5]1<C!#5-"O2412AVD:.AH,84L,3/SQN"<*-0EUDQ
MP!N0=;\E')? )J;CY(2:*B!M*-;1 "P?BW0@7B3$J*<6(D!18FBM1!]@3K7(
MX%I^R>#>KYQ/'(YC@_/6S =T(4K0K L4A7"K6Y&7*7L<Q_?A,(Z$/:<OQCG+
MYT1!64C UQ1@4^R)A[E('N/+)8>I]V $=Y=Y.=]?Q0,3L]"R_3"Z@$,2?BCP
MZ@PX>I//GNX"GS0YB)P*E PER#,9!;#Y_Y8AHM/ P+GEC)=L!I3Z:+'8'IS'
MSA%.9,?AX>YKVD'2M.B@S8\,EW#!_T[!J%FZCBD ;$\,!9!H2\8RL]UT :2"
M8SA6%.T$4ZN;FO&2G V6 VGB.\+:FAWM;8XC8U1$:.,$S@I8QX_P34(&B48*
M>6N AP$L/NSP@%?Y3YE$3 >DI47ML>,1XJGEP1$^6T'SV,0;@"%%AW#\%Q^U
M^ :0:@2K(6Z#+*[<5[ D<3H;T80"SQAR" 8<"*EHMK*4\A\P+BK@?G4LQJ3!
MX'(^N-\&36H%L>?VW7NVB)>[*[?!FD<51SN3X88*/4LT%>F8?BT=L&&7!9L(
M,@SHH;1MVKWLT@,A9$B.5:?L)'9(22L#BD\*L;7OF=4TD;"Q1R)M$IKFAFWA
M:C&'(2&]48)&N0$!1^NV#Y/8H8 ,T9(H/FJ?)^@:@^$1\Y5^RSG]T7>LDXM"
M,DPF%]_4S5?AD\C]6@=&T]6^R([I,(.A"KVJ;^*CR+.<$.']67AH^587LD:8
M>?N5AIAY2IIV5.$[;#V)T4_((A$1<[4^!%9,%+$UK%T+CHD]PTKM'/]9?A'\
M9+L,72FLGA@&QYWN*Z!CK1LCDCZ@9KL,;&5>N.>N<E7=G#%_U85N6,E1:S$7
MD"6--ENQ7HB#.@VRB?8XT>-(/W-H':9T^KIR@N#)D.VU6.*>SHP>^8""XA<;
M3M&-OC,?HN:LD*@<BZU"0L+(X%DMMOD]T]:MGW&A]9SJGYG23A3DJW',;+#L
MJ@+%T?Q:2U3/R1TZ"H2B-I!442SM)[+HZJE\+MKU2I.:PU%NF.)FX]5M^I*O
M:$HQA#H\&HT[E]]F/;"F"#A;KZB)Y2.U?!(6^8PG(,[P^T!\K<&X!VACJ'$<
M3&,.E$H!$?;7-"IRI0M_9D\;E2$E-V1-.3O1NV%N5(!DP5VZST !_))U^%N_
M\EH=,X "2%YO #U\5:>7_9&[JA^ NQ>/*#MYKJ05BTRI&65-8[RYM^A$-_S]
M#M5B/ +WX@?/,D)GRK3S5M.JX%@J&9QI-"M]CSJN847&1RJ$LA==JYP9B\]J
M"PNK=MF&L8CE$M$?S% [7+]7QUUD!V6JK+&Z'0_G?10:'^@3M?:%EY6HTK4N
MV55]7(" 0R!SM0"48^JS%R#./K"Y6)R,2N$)5\E498([V(.XU/0+$I,*3>V1
M2VEVB0I!?<& M'8!P?!Y%9BF)*C!!@,J9/4&Z<FXQ:HLJ8CB#=)M)[JKV0Z-
M"1N5QW2UD"(?]R]R+H8A4G!">$(4MZ/SB KD#H$'%IN,U@0-J8_' C2PH/NK
MC@9.5B8S!X.C<#&E.4?W[YV4U,@FE$6&AP+WMW@Q0HOUFBEQ[=ZTV[ &UTI5
M2*8,=[RR[.<= ?S)&)!;SD9(;X QV<]<6+5C!2T0V3V7,2&F/VF4V6QTO\9*
MDO.Z):.P%Q")FF?T-&1DJDB6 B0/^<-Q"M%*=60XO0X(.,HS:C$TTF(UTTXD
ME"8=:4 8]6@4^]C/V2 <<8C7M&,*# L&<<#EM?NX>SEZ?8WS1C,R(74)PBHX
M!IR)-D=.T9".TMTBB-3DY",Q-:=(T;WH+^4SYL;H^740O5#?]*J+ UJ-Q(;(
M&3 6L3OS!G9U7JVY4D:&J)\_.V_Q,%@1I7@IM\/0SGT*YYYZW=$6:O?1D:[N
MVANNN^:D[NE@#+S[ P4F*.&\J07,8/G#&^U4HAT.KC7U(OPVK/(FL_'#%'&Y
M!?YXC.-/B2YSK$1K!$_0.D7+S7FSX(%2<TUQ0(].YF##._+(W8$6+=6ALKZ2
MR^IK4]J\!5?GKZJGI:2^.9E/41$IL=VAI,Q0&N&1BFBAZ%V$+H&&,V:03P)+
M8OS'C01[0P+12-:N8!JR1<)ZLC5:__$G)UT"P2]?,I\Q9)L%\!I]61":MFJ;
M-SK'>20&"RV[[4NN) +K0B(+ C=98]GB1O;12177(4"#I(O5ZH"-EL5#M<8S
M'M<%C64XJW!9LRLY]U@IZ-Z*2=&Q#A-SA&3A(M> 03$7V4NN@\.G6T-^"E0G
MN\NN"I,B4; @@R:;,)&#<ZKMTHUA;]JGFW=OR#L7WJC.&^,R+>J!<5V3T-B@
M9I&2I=& Z:&S<J1?/"IPN[@MDT@PP:NZ'+N/*Q]N&R2#WV/]Q;:UNS736O.J
MQ<$U2'X[#Y<8T&2B?J_M\E<U+;E.2BWVI-)GH0M;6XE%UT6C](W0X;E2;NS=
M,^2V"O$:K]IQO&XL))141"NOPMP2C%JV'@5/M(_>U-:]D_6H5A.[)E+5T\KD
M>6_YU[2]-N.</<_?P)P0..-_?7O"P,?6O/5M:FBSV(F,ZL))L T)(7<:)OFA
M%B9Y%0;<Z<N^ 06*%E?[QST<V1'98I PI]B1=+X".$9/V!7-1DIPX#EZN!_3
M0K#2ET3)JY]L(1KKM..2V:&IPF ]H%!C+N^JM4O,321_G7"VF(I_L;%Y1E[Z
M)O&:_(MHU[PFB@D#(5NM<:U+?%2&Z,_&^,H;01FVY'.07%N*M*Z>TPVMG$'/
M#L\-1ZT@!?"!=<%[%26 J:N4Q+4F>&;_(O!,0_#88(,OP+S+?=51;Y_T"B!X
MY5J R4#@J*J*:GD: /BN4J#A+'S"MY;;<8!?M@&^X:^H^>4Z0K\1W[N]$\0>
M9(7'"6 ;B^Z,@.J &*>F=)+21NTWC>T"#8A3,8\_<: :6\O#'Z@31[GE>$)7
M%2N.R(149^?WU-J4PPBY=ZF+/C,YJBW%F%[7)EHJ<?2"1,0:5X>#V/N%M2^#
MXB,H3@G(/]4MLVVEHX^H;P2?A$&>+77'Z&+YW\XIC5.*@\9DI]KLS!I$?;N(
MCK>5/8NFPW@ZG,,OXU$\&LS@E\%P% _&$_AMGL3]43^ZPAH=<,4^NB@>FZ8+
MNS1]QC5N2KP3TWD\&8_:?_PMJ^C:N6Y$QGG"6;#);!3-8>>#<32?NV5(<W-E
MP]SX%L:<#V?X8SKNXX_99,Y_#2/J>(MWXAV'(YL-T#2F=<XW6JY\XX68YK+@
M#(83.(S),!I.IUT+TT:[LSZ <T0_X 3QQS#A'_WPA/S]J*WP&]GD6=3OS1/Z
M,:&3TA\ ()VMY9FI/-,HD\BE(2R^=SWRV=G<#E1=; Y'Y),O [XKM2C""PXW
M)@C693]7N2H?7S0^QPDF>RWDLDY_"J-[EMDBK]R1L6&KD:#(!A!E+ZY$AA=W
M,/[7N39KZD3+TD4JIHR7]NI_KG",9$7@O]SX,CB&7D(WL'^\1I,909KI4N1*
MDH"&^W>QKU$:BVAWG(/E"FAIRC.H")^O>7)9"G'9['%+M% GYHAUS<RE(C<F
M64U+O*#48%MKN>!NWR8)R:(9\X&J-85[#+)^?9U:$]D7@,A/3K-1QD=M%L[I
MP;B.IW*5T1/<6S1(1.7],]<T73-L0C*7+-BD6\:&.S(2M<UGUL?AVT@QUD;=
M,Y7'HK\#3:Q ]I.3TBHYP>)$:>3R.4#2V1=/YAR!GXAP[]]]OJ8@/#LJAX#X
MW7,%)1+>[59E"-(;N98+.P'KV.<AY8"#!:FQL+")AKI[=WW5"RNJ6?WOU:AZ
M\\/UG2S.H6JP_ :R^0HZ.Z.$;E.17/6F?WYWPTA-L8+8U#!VOOTZ<JJN+/;.
M/>&IU*X(MNH,#""!]8!<:TT@[TEFV;'YN=(2AT7$BK5QL-; L56%;$JF2]2I
MER&B,".<A8:[5="(\"AVU2#ZE!Y\BR^7&V??P%;U$DA/PH2YCR18M>RH5Z/S
M)&,X>0RP8(VK1RNRS0;T7$(K32(B"'!J!30XN(^0BR)VR9B"#DCW^!T:RK#(
M78S3[S%?P,/93Y6[H$@1%65N4V:2P??NV^_??;R+/GQ\_^GS]U=W'SY]I,=H
M-6V'&DB8@81VT28%MDAY[Q0%/5=S6;UGT3"9Q@F($225348HGA$J)G^$WT8#
M$'_Z?79)(*T"B@GL<Y;$)*<,XN%LX!X?]$'D&\TB;:D%9P-*=)2,1O%L-HVF
M@SB9C-W3P\$$Q)=$=NF7YJSY<WAM.HB2,<UU#C_F@^@B&@S@\]$4T.M _RP0
MH^+I9!3!'*-D%(WCR7 8C6<Q3&W:'P==4F#@(0 BB9)Y/)J.HO-DE.!THR0>
M@;AHZK+32X-X.DO\UN,90&D8CV>Z(1T;SH0=&S##)!["F "&9!:=CR9]&'X*
MLEO?#ZZ]J<Z3?CP:XW;/I_&T/\)?AO&</QDF\: _@=]4,*IUG=:BC#8K# ZG
M'\^3<90D\7P.TR?Q#"18V!\<8G_:UT;E_+#O"#\$T,&:9W$"1W$^B =37#7
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MUEXF7IA7?6^U7RA:(1QM =SM[@&4X%( M2X+3B B=<Y<.)$OO&SDQ2:ZFM)
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M6$P;4]=-B0TUI ;&#A.AWB"U;9:)I_0+*_W>L;9Z<:6MN)*+'X>&IAIO3@,
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M+M@1KWFN0L*'X P[=^):?WG;JC1KAF/--,1U%9:N3Z6[5Y@Q0[$M\V2*[-U
M73AB3E F Z!GDUPTRD1CV;Y\L7C$6WS(!P%Z.$10\T\T1K )-J>;U(#%@?>N
M*M4#=J5BM&L L3H%BBTPK!2($P3BH#=+AJK/#7J39(Y_D.NK[OBJN'H#.<=^
M3>C7]HQ:"A!O=$V+0_XLN @QE8W<536$91\^VR*I9YR%5&N+.5]HF7O,-5IB
MR:7ET6J]Q YC!Y$H[IC*2=##(TX$*>%B(UJYK%:M'_!KTFM%S::LX4!2#A.@
M6PS0W5%C2 9=S1P-/VN F\+'+"0-) ;F()D8G;#OV%EL1?D'BHR3F"FT@9/U
M#/0[ZJYT3V=*G\9?T]KX0)5OSABM-8#P)2&L1L*/:KUX]D9+07A/G];YTO=&
M+KY( ".F:6I)<!,9Y.JN^%,CF:V>1-QQ\K&_;#5:0KM,>H/1[Q5<-;YU\*+$
M^.K<O-IO>W42W<%Y7_XO)(-N$*58\ZE_/:F_WFDJZ\&Q.1O;6S7@?I>#YD35
M<*^U16CL;WNW1,*!!SY*!+14^(K9_MDP6)3B,2[N*P<<!0,2.W$61>.P2Z5C
M3\B,_27UTI(1S6D&"A S 4[$W-0MR#0BZ>/[M<\&IO ;$@J6=O#B4?4VN6+4
M[9'K$\#-Q_H$=37M!(AS6:7.5[O?C.%Z<,(=@:(F,_JUH4+W@AX5V6/L-HZ6
M,RY557#9M'+K:&(9$A.6]DAICHKLV5G6,;=:+!UV1LWVQJIPM";2* 6(^$T#
M(;CRCJK]G/T/.SI+YA8T*JN< M/AI./- R\2?GBCMN*'"#]-)+D[+N.3"'$6
MF-J[0O"D1CA'C(>O'#:RTA+:7%@GK9!-9\21FUH$FU,H^$Z;!)W5J:+M[UL?
MG"QB&:4%5[9HQTQ%2$.].)+2N'#5=HYQ^-_4B'G ZNLDT(<R-RM0?W,$!VR$
MK^0+'MFC/I],Z.DCX-:G33WIS]\<P^C!9!*/8>P!S#'@%0E#^51D-7[B<@+U
M)\9G\^O8)W!* QS*!O YNA)H'6HN*!(FO1$PNU=<QZ37K[^@RV_R0Y9O%"]S
MD\?#R1@F9E*E6$Z>\.I/+,%J\'_L"^:BI-6,P; HAVQI8NK,Q%CGQ\I>S;H[
MK9 42S YP6A]VEC <T!'YT,3XX$ W6:>B#3?K)I^W.[>V;4BPM+1/!C J)'<
MKQQ@20*5"ZD)^G"WPOEL -?;0NYL.)\V03F9AV9_ 11CSNM!%#H'7=FN^L!2
MF<B>? ,O8B=XT';JKH_VA1ZA%3U)%@A>3EOA2C;)A973R2PI:363X;C&W>2,
M: /MQ]0X\[9C#F >($7#1?DZ?,@U88Z$>0K_"M%CW&]@1X&2"6U*&^TM&?U;
MO*&O,B^7->^J<0".3G( 'C6KATXU4Y[HWM:#0D_&*O\I<XTEV/'59:=FV99#
M;[B2,&*&>/:DXRA+;K7\!,+WCCQ/\9&]BJTK1\\]1^>17&WVFH6<5T4;=B)B
M9W()QZ%8_3>9V%!!\4A8BY4BXL#17]YL,S10W8TMY=M8I5QR/" ?HW&NF2I0
M=A^'PQ9[>@'H;)Q#JRT@LB#!O08%4P)DUAG@7TH;70/S?WE,?SWQZ$9,RPAM
MMDS<E-7.5!9^([7.L&1^57_[<^.Y0YT"7C>75RIQ5!=JG-/]R@EF6))IQ2GD
M6*J0ZIO)$!N92^KQ;\*)W%,T$9O>J;A*MN0ZI%2%KD 6H!7BF-*Y(B"V^+*V
M+ZA7RJP%3]"NM#X+#F8CZNR7%W(_=9N5F/(?83D^)-]):;[\X;,$C]H2VHY/
M5)EV%#B>?[*Q)W7S[HT JKV^??);IJ#(ET6V<]E=[O2H2*>SB^L*J9(S^K97
M+TUK&%D>,J#)4NW55AVK.!&?0FQ8,"Q*7RB\I<2T7'H,#\%QN6;Z+>CX2)%-
ME=V;;5G [PN_=P8<\P-&]KMFHFKE"NJ)WKX!-FO4]@"G!M,_=@/IF[9NZ"')
MU;M)G3'HR.DWGY=NKOJ-%&ORZEO;;S65[CI8/_9RNM&EZK7'_B,8.DF5M.EP
MVQO(4&.IX;CU6^=AI?<G\3291E-JOCX )6N"_\_@]^D(W96^EAK<YOV6*#1E
M;(GQ^WP6C\:#Z )_F8U'^,L@'O9G\LMT8-I4N2[.7!/>!6/CH9RC.?J"#>,C
M6 :V@AN-Q]$\&8!H,XFFLV@R:KS)X0V5A<=Y,J+ER(\1@!E^3%N6\;'SPF R
M:W_('9#F0VI*GTRIWA?^.J8V0)/IT;SD_TH(,TVH[= I& ,2\@#[L27QE#KV
M81&$89Q,^M$X&4:3_OPHSB3C>#A.Z)1 FY_0;\-XG@SIQ.+!8/@56#. ,^N/
ML&/X<#+&^B0P[FP\BQ*X!H-Y<A+N3!/"8/DQB),1(7*2O!)]T+1![:OBV0!Q
M!DNGG44S["DX'>/_,T!P)$YJ^*3<$FFXO /M8.\RRI!K64[-;8._LDRO5.SA
M*C.N,H.7!W$=+"&VK(0%5;,2*3467:(),?:I>L[6FCZ'2NR"O$<8)N#,W9JE
M9<-?18YP"3AX6'!V0/OSTI82$/^.C&#YE/AY0,8H-XZQU=JRPJBCWN#WN(A1
M;XY9!%?<X$ 5& YSP>%].1LIUZKJC^N^JL*SXZS!<E*)I\,&.Q8B] 8&)P N
M<BEXLT+)VTU?!#F\1!*>#&::[3CA% 4N[%_$+RZIB6KK,1(Q^J6(=-:O]U1(
MC+GI:\:=\-(=8G+950[4[KH?S>W@ B_9JOTVK^[WVTJD"F_:."2C6J>D'+XT
MP>7(0^[TFVF#B/9KLB+C'V+AF:WUS J;*;_]BZ#_*X_+5*'> X.KSP06#NE0
MX9<R-HB PB:J>'("7G+_&ODME/O_3Q+@2/H8M3?7"]GQ%+C3+ &Q;3B/!I-Y
M- ,6>)0#ST=8+/5\/B/I:#!@?M?*YX[Q76S"-YB.@4OV:1#\/XD&I_#;^E3'
M?G9#%#@JU7E%H%%OXR&),_C?X/]7<MJ@3]T?:]V%.P2U>$"2T B$YQ$L;0QB
M>3)&*?:H@!;/AH0223P?3TD\&[&4-FF3I(^AR 3$KS',?#XA%!GB_]-_/8I0
M6"C=*<1TE.2I)&]"=7FE#^%_%7GL_W#9BP6OWT3J(CSX*K%+WES6A0*\$6C^
M%[;MK;^_IC16$_6^5OZ2;IS= E@G0#IE,;$*<LLD':K^+@@97-C22#4U4>+7
M$^9HDU\ES74$[/T*M[]#[K*S-.2N?BAO>UC5S<K7)J*%2T^0V8W;UKSJX=-J
M=1T>XM,7I/#9,Y*0+=?%UOZWBU6:K_D=H&#57J@M$QGD*-5.XO^DHN*=_T,*
M*U4V#/8A6V+J;QQ1.+IV*$?[=59\R;<EM8C'IG8PF02N/TK'"/X[J)=E.MHZ
M^RP[ ]7@S$-P4T5A:JZU;[[+ZE62S%;"F<@?6+$[T*8S>;"V5#Y 8-TCO:5(
M*%=R##OV5F4X&<5WHNN9R:NND0WH!@Z8,R^5$9(+]022FU6V7R _P)7AS=0H
M8%T$[':G'20W( A03THBR_ A=9M5T[0I@^([6G"= ;KBW$:GY&KEZ!\W\!8W
M8=O2[8+%*^6AZ;OV<*.LB@O=^4IMV*O/A6OVHA]KR6(5MKX1107.%M!VQ2$^
MU#<KA#=ZS8REG1NRL'"D\-F6]]PMC8HY[F*E/A1VYK^/3<,5; $$E/B> \R)
M8R\)PVAIL/:L:AP["1@X#R>@ <)).B^'6U  GL_CEPSKK2:WN5.DI=,V%EI3
M'C@L"A^P@H\8;PCO(;4,%X ")L4$MQX7;(#0OB'-6!\,94$ "ZFBO^^7CWP9
MPIRF? OKI.JAZ W:[[!'41P]<NED]!\KV4]MW$TA>9=\H$2(I*0H1Z<167?/
M$+32=?J(!0+1Q;'S\=!\5.Q>1N<P5\WH1;?8&M4OFOL!+#-?_(QXF@OC8.'E
M*=,MZ+0>_>.0^A#&VMO@T9\O/));#*"-T--"YWL@B\\>&S?2JFPH-EU=/;!G
MSC&@R^X06?#[B1+QLL+AAX.3#_O3B]! :"H;?:<BGCO-JOO>"3Z:+D7+G!(N
M74JP/P&"OJZ&'^-^APZG-0DT9#1R [U,!%+GEM.<W:'YS:&%@^+$2XN7P,KX
M'4I2I> TM2I6^P=N*L>9'"Y.G,--;,$QRA>FE%!S_[@)&=,T JXGEU3VI(TZ
M4N\*; V92B[_,Y:873*OQ]I7%AL:XB%1,_CBIZ)\+ASCCFL\%O4YK5=H&)E/
M<$U]SJT2_#K-=CG@IQ+MXX[<14U6602R2KL_]S<M*7A8>/H<YKR\\R"./NX7
M*XP_O-W@7^_W&1/8'],*,RGS"H@W3*I/;4J0:$FVU7YV6"*!<VA]LG+F:X%6
M-.P##KO4P;3*<>6)V-M/[R*;/>X_Q/[UC&2H[=(0F?)T'KR0M3WHVIF:/0&*
M7W+?X6VZS,N4@^>><6.5E'?9L6B_1.JPPW+8M#T@* O<%\I ILN9PH!!<P,'
MMWA!%=1LW2]:=%E 3RPME19<7XVD![Q%KJ@$_$5=NMSF4DK*;MD9K',PG\]B
M-PO2$Z3)(AGDVJE%^+SR:S@F#>]QT\M8-"TS(HZ?7W!/S"KL*/X@80YA$V:;
MK0"#2<KGV^OH.M\N]D36*=<7<_X77 P$&P%ETB%7-D$$EB8FAD/1%AC.LTI?
M8A )$6@/&B^&;1FW%LCWV,==\(.J^#:@9FJZD?SHEJ($'$9R*6TR:VK:M%'E
MNWI@Y=7-;70.8]QG3^GJ0>37;/50RVVZ^=O';V]Q.]DV>/WFX_<7,=4Y73II
MP'7Y->H*;M(EG^^W.ZZ#2:I)=$TJ#S,8I_/PD-C4$A8(]R-[5-S0:;BHFI)\
MB0*U(& ZMJ>LI31?H=Q"@7IKC+GMN&[FHM'EDF!*W#UAB4_N'L6\-'@)-U?+
M+JVRW6XEY2[KI7?"A%+B094OS6+J#X@N2"VSD77XW7;V^Y#6&RVS>S&$TS@8
M#>L#S&T)EO9-X*XI"1>TS#7Z'E1C18HN?;AM$07T=W"T-.Z!'5PJ3CFA74>A
M2%G?1$^R]^]\!).78N0-%+C2JC) 09&!LD11,/-6DO<W-U?7-9V"ND<NE+IP
M66"1#[)EH$%2C*HS"CHBA:R;3H4-:C^KR'4VGAHSUSG;)B9 G%>K=%M=<!->
M#%GC1AHB<M,AUW(ZR^(2%6>.W\W7CLJV$U98%E]5TT3=YM29OJWY O,'96M
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M8.E'^PV!7_.)4'/P5?-9Y 6=X@$[[(!,^#:0HQI[P2V'%9.[!O"AN7?AL3R
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MHJ9:?4H\)\+^76L][!*5MM\SMJ)@"68L#:IU/_/@IK>;%5D E"2]H:79:(*
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MA^J@S-T*HI7&_I':81=9;+]1X:Y^ZKH(SCR^FE=U4 $4:(&>_)IM\O$WH34
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M/3A(=70M(<0W4H:(O4R31:@:G M<N>G88_F$4UC5O_@!P?PJO[ )Y,.AP*.
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M;X@7XUZ$ A$<(>0 @,\Q&LN.I<"^6<UO-B;PB:=RE.NGT*!3S5IB$.04%IZ
M;(#:#F.E-B5SSGU0+_HH[%?&/'[C+XNW4R,;]703-:BO&5NR:!BNI>QXOM\=
M;O?4-\'X1FNA0W\5X\ZQP(FQYH,ZR:8;G7W3&'.]*204XQV-%-$A55IT&(7M
M3JRJ!>AE V=K?L'.U3L[9E*?F%CU$+[;K]>-%7C+S0(_3HW.5<Z:/>1TI?R)
MJ 9%F:8?RG75^=L2IA?K3@T%M&W'D75(A,L:?%O!+!]X@JXK1Y*B/F:TPE8G
MKAF-66TP6+#IINBBKOT"!+7JJ ED7M&*.FD$Q9^S%R@E/(#G@)H95?Z',@(7
M!'5IDN6Q!@)QH, 22N79M+'JC:ME)M1T^,_;-Z\%7O[JVY<__:@)OCP'OB,8
MLKK0LOPJC7!2)J/+U0S%@GY-M6_!0>0>'39E91U9K%XL&FIAW0CI5Y;XFN#V
M>PPN\UO_-S=83C)6-#J()!B#:H:3"%YTSL6+M_+.4)RU;-=,C6B3D\:T*6M(
MV1@V84A\HIC*+@AW^#H*GSZ4VU^6.^;[A?[VA#T_P!Y.95Y_DKCPDT8*C(3&
M2=OW3(Z:XCPGDPD;9=/ZG0STV-$_RXE#>HLPB@1>D^DTJ)^:]1,8U9I@)U2]
M^3K3)]#\)Z+Q:9?":)YV:0/40< 5]9N4N;969Z!YAODP@!Y(2L:_9<8&-Q:.
M*NUG1[2#.9,I(&'T0C7I'I:@&$O%\7J==H(P/V&@)+;F>39A$FRV^Q=((-*9
ML,?7Z]NP'K*\U/"*O&K8(22#Y!$*+<A )C.#4P[MW%BFFN<K%DFH7:\,EX?1
M?;'(7@V11%J+Y(I+8J(0M_@0=U5<W</A:^VIY:#?[J2[K?8>_$Q U.37E<ZE
M])[T8J X0W^2!/O!)%GMZKANOC>QVD 3XTC>WU*;(003OH>_%$H 4? \7I?4
MT>(7%);&,ZW1?*3LZ;+6V@FV]#F;HF?=EJ*6-"W'0(GD,B([M%49"6V;#,Z0
MN8?@_0=?Z-PB:<'%*76LA(._8G3L[.N9U)W;BNKZ=B=TN;'=$B#^N%D.',GW
M5U<?0MZPY*!C_U'*JZ[4F0C6'\HD,BT$M7=;W9:&VBN_N2>39;D)K,*2R*UY
M)3TH!1AH]U98G>MZ?E]V?A(#AE>7Y%/'73!M%C@JTP FAV,B:M(ND\:P-97S
M^79/G&S-79[T<2D#B7Y2:NZ4SI%]0\1\R7W OQ5D2"XU$&,:WH-?L0&R8?8P
M#R'8PPJU;=YZ]<MRO;JO*H+292'ETM'D3$68I;I6&#T!IG'1"R8PI 5![I)Z
MB6IC2IP.[(XL!FXV_/H(*.OPY*@./6]X4+5C$JRX*S]7Y&GA7%MJ)VTY-/2"
M0MQ.\CJ7F($):>3QP[R:RL<9**>#JQGYE@JDF( 6UI)\9R?/]?&$U ^Z//)X
MH3A,C1Q)5\,B>)4IT!HS.848LRKP=/E<P4.2(<8J";_ N>-": [6L:BD#"=9
M+.^"=2(E9 %D$ *!S9@ZK,B'M ;Q&JS(1?# _<#$Z\0;<T\LU5"%I6Q%[VAT
M(SO6;]1VPV5KM1+^-T&$-6\S\P]_.'"^MN].BXZ3'-6Z"TM4MXZP]#@;S%R$
M.LFL$0#'''W>IK^S& .M\QNYT]R'OHWG4-Q"[I;RXI.94*.P)43G.,Y2_NH%
M4^K<>C%VKJ15Y-34OIPD5-P>>R@B:9NHX2<S61#^7\Y(#7&M 4N[BCYGPCB=
M-"JIGIYGQR3/#E (_B#T'U!O>RA+$Q\Y+^V\4Q,XC)05X5$C9#@>$KQ^:R75
MR*ET0ELGS(S)Y^-X+F8@H;*H'D"ZA_O.\[01JPB%W8O<<#09]>%/Y4U(V6KN
M.>]Z;/P'_W0N]B2FRI;ST>*#]G9,R0CB6-.UVJJGR _H]"OL[!E<<Z*Q;+=/
ML,(OF-R:- FGXE@QX$).)^7T(O%2C*M6,^!N=8=>1E"DJ;M1M=G74<B*MX%+
MSPJ>R9WABH11E]SC2Y0+S.SKN\R:+T3UVB!8LMI=+V(W.W4T-NYZ1@S>@AJR
M5"AWDFWAAD3)^@$>')_2:I=DPU4*4MJ+N,O63ZGNJ,F@-;>;DXZ&=TT7-LE]
MQ[B/7AG5V'%X6=E1+2=<\CJC[5!+BP86:;D+]R1[HT38"FH?_2#62'S+Q:!Y
MR)4R;Z?<+')WJN]BSF;DF]S.,S:.GWWH5"572J>A?%AX2^)&]V(O0*#CW/SP
MIHX$^B9QS?A>=))TH]J\4*G_R2EWRN&L'1[+%JV\D#05"1R0&B0+"18.-ZVG
M(>.*UCQX>-1OE ]&"*O Z_8%>R25M7I^L2PJ),OHM:PV3'I5]4NMMA\Q8',:
MUA5#LEYV_@IW##:H""%KLG>MG[$3>-JLD1:<:T#M-X!Q+[..+-;^0NS$-5ES
ML;FFYUH=,RY0UY+GF>I.YG'%X&OM<@KEFG-FU2[R0&7DQ3?BFDK[/=.Z96A5
MO3"A:C)VN=F%Q$ZU1-:<ZZS.!DJ+?+X?_WR?;KLC6@X\]4>WQ _;=F='5<[1
M#&EW.H/9'[(]&7(2/VV[D_;P7(4".2G.9[\];Y)7Z[HJS+)YEOU^FO\X=8\E
MHL<  X-TM9&WY<IEG/M(F>!GH],1*Z[1K4ANMJ(=]>Q9DNBR;6["J&*?1'-V
M#2^%\QDY=K9JL?^Y-+ BCR-P]$W3U$]K:./7$ZC1_I&*+1[H'T&"AEP9+EMA
MO;2A2F#35"\2O\#N+B^JNSL_EW\H:X1%5#OVZKSHC0:70Z-X,5V$JPD[3UD;
M*S#U<97,Y:R5M[ MY_E>]<^Z9L?$?M ;<E&1XO1( ]O:S_;@1]J$N#L;^D1<
MN5,J+K&ZQ*,4G)!@%R(I(8&0=8,GXAJJ\$IR#JL9=?Y:Q0'YD+#H8QWBF3>D
MQ$:7$0ZR'\%';.N5$I=ICX^6:8_S9=K6]&B2">?_L77:WF(WJ(A-$C:,+)D6
M?ZQK<2O8+F+V*_192&+(1W/^%4\\G[2IYBP,[XJ)XNRP V7B,]\K2'_^;4AO
M_.[CO^>*%*3-YEE3DQ*X.?(./JF7#T<A7U2O+PZ#1@DY]R[J#=0?%PI.I+8.
MM7"?/A@.^CRDREBA>:\_^BH$@$.1>:::_'_^/[-)M_]-YTT6Q3E.44NSX!M=
M[Z*2#,?(S17AF[?B;<;8GKZ+]!FXJ>R/N2__OO2-UP@;U&H"PK1/JGV/>VKL
M'S]A+X%F>Q4=]!77N=."$;\*MIRJ*7W-N\!YGE[?+GV'DBIW>^>/5'UOCM/O
M7E^__(O<S"1S/!1MA_CPA[02'ETX_Y65\.Z ^"8N#M6ZV]-7*H+6-)JS9KFB
M]E>Q$508/2QQP:OZMU?",Z05M1$7L\G[3%<&^)HF\OF+<.#D0^0\A$++M/R8
M=O?3:L.1ULVR,U)5P<J)F9. &-Y)"BSLC=9ABN02*+PB>(!815.G6[U;/6I3
MK/ 3 S.4$OF)AF9OPKM$L2&*HZO-[^$>]K[/,7WITI#3,;5P6@$<M,\/7@03
M8OM-]<C$K!'\6)*%3DFW3U2*)D[8>VFFLR"04=WNM"!]H3C"PEA+OR^7H356
MK^_;_^2SEXD[/H4<\<;+B;A0/K+X#=[F.K>Y'@-0DSW",L@)$W[F3U.2$_QI
M"A2 [;RMJQ]E$!PYC*,G0#NJW4#:=_4CB1*;J[91:DE4KR6WCA"?XKEB^<N.
M0^5ALB2'A6_< '?"V[M:UJ8WQ5VY2:ALE_>HVZ(IF)P^H4Q%9]^<7DH'V^7/
MKC#=GXQH.CN,S6O!.N(.\>51U8FD7YBXPM=*EF-NAM(V1V;H?ZLG9P3D9L-,
M@9F=O#:VF%L/A*72:JO=HS!S1VVB:KV4/N5T;W4;,A-@0HA ''+3;/C5KCH-
M9*!@THU]89]VQ@G9ZA&6T, _VZ[8:09!<+[8*&T_FK66LA],'P_Z"D427EXW
ME1+!GETL;W<7!-D)6@&:]D[;#5 -J*R30,-V/$'IM5HWKQ_<>NP4RJ;!3Z-E
M];OYUX17X"*<_VP6=LI#W#E\'HW)&(X%A5.P91OVPN;>6#J7!"2=#R;,F7+Y
M(K%/CN&T_VTXFFO:.9&XK@B; UWL8. F2LZK*'V* \%J0$@-GF#9A36Y2!']
M6Q17!.O6YN@[3IV*LT%C]9JT/X>3:-J>)HT@;2RVY1>IV.$",#'U?JLB9;R>
M;37)_#&FL7(X68MJCNG RI.&1R6FV@>6X"![N*O6:N4PQU.(549AKZ6HVUI1
M?*G,4$**B/*YW4\LBVGG. >C RN)C+67<5#4,/:L$1PGYO)3*3<17HY-#/%F
M$O">'*N+T'L$@HWD]<>6'[BDL]#W,LZ/6SE4;(IX:1K*&_^4F&1UZ]3*6AOY
M4;9;C,WKLEW)ZZ.I;/09.7LZ<7H3,B;8#@(:([/#^)C @2;)(SE6* TZ\3W-
M*)9$:_,)#V6 +Q'\!K\)"OH<Y[[%[_'ECT]6PA!4/\J3#ZYVYQ<!XQ%,+OA[
M "R@09<(&"GA8(-4 2/KRW)IH#'RPS1R?CB"ZP1&QPL,E6IN7&V0SJ+)CB,(
MI3/7/MD.SD!AS@NM]#)_?[P>.D+/TWZZ>HDP6/O@=<T%#Z7#HD_X9GHP,UJM
M9Q(!6!7T: U3#YWRMSX,&!'[)DZ3,&#/,':1M+!N&HN!WF+TX8!GU._%F(0Y
M^-PV#^(;.A5!__W+=<!$?AG0*WF]UR%L_T':>S@,M!/L&A Y&SGRE7\K^TS#
MF]'_@469Z.N2^F_FL2)[B+4C&A=B^:!9;$=BGBR"6R*9JM2SV9/(#P5)@GF\
M#) ,],-"15= M5\&L?=0;9?2G>UQ79*-=K="1LO@=MY\"+%HD#MW=TH>:%G>
M4PQ$+XXUI+1'D!:CFF+IM5*I>AW*=1BZ'NCH:P/3+@T5E_SFDM<?3/.H^2F%
M\@/7 1WS&Y],CCIG# &^77[A%F/H9RW7<&\M"!X6@AT#241MJ<^='"KU$53=
M#::U7<V->46A;P<,B)XZ+,2#!X&"2P(P?%R6OZBG)T!J\X9>2X.HIN\D./V^
ML:WR'$\KDH,WU$"&PMYIOV!8S:C[E68L"_M;<A-WM*47X1V>)L) 9J-%M1V(
M/J\O745B=8X%T+4\@^80KCF\1&NFY06<RTXN1+I-U=WN"[K*]V*-A9,B7R/5
MI"=C2Q_7^^I+)F//K2.44_-Q2(X<,I:5(&W[=D62=AN %"<" BJ^*ZS2A]$?
M(Q4F2H6:1/EUR<\X=R_XQ%:N)5+P%9W '@,\^>5A:$6\GM>OKZ*&K-@-"[ZE
M'4."#' (I9&9BU*6G0:\A+F^59Y7G1[#?Z1A%78;<PM6,$QZ8!KR/T9\(?I=
M^:#?O;2H3BT5JYD7P[KWC THC33OM%D6:H3>T>Z56],?VU>BQJ%P4E0.4+QA
M#(%2GB.&IX)2OM^E;4%#2EL2>*8+&L4:KE]^+.A)R5XFV3^ 70'^N2AH?^IJ
MC;A7@Z]0W+)% [03.CWP3L+.,F>V,Q?QH'UW04@]K G9Q(';Q_MG?$8<2: 5
MG' &!2D,5A,2;J^RCJ0D+.T\97&2W,B;1:S]!U^<>?9+W$3?K<\&J3Q&J77O
MDNCE9RYB1RZ$=K7BY= ]6$ARG$0%7VH>;*%G)KP45:\!$;X9UKIO0L)V$\3I
MSU0.JD1$C6[2=6-_&N;+@G='86-IDVL37=E1-69./4%"%$#2'B7()F"T,5ZK
M=%B[)D09@:5YX^"BDI2 EI.T_,Z@&S1!:_2 @@^LUYUHDL.[MQ?5%Z1>N@Z=
M#W]#==AZ90>-?=C%7_BNXYQ5,.H$&#@'-4T6%&[.17"Q6(BON3P+-)-D)(Q%
MEY'$E98#%[$CZ6'9/B%'6UP #HY);NN!D'*2:9& SYP*,O2-5(-Z"SZY,X@J
M=\*NJW1>,]?50"'VA>+D%3^9T%NP,2WX%&PGYTK\@"TI9$$@&29VMT$,/NYI
MB@DN4X$ZA2CO!G815;/WNT-<$TOS^ 6#4>8%U[#FM\NZE.$I;5N:NB!G#AUZ
MCKZYU^WCF^/E-5^(__H!80))TWU5S7_I?+\DCOZ WBW>]2?.<OO4_ )]M PR
M*8VNN/Y5W(-QOM^01U$IYB=+5U2'!!XW]%._(1IH%4(N.VG:XWKDEEP@)BF0
MULX=N:4PQ\)T16)57^X9L#<"'7JB+#_-^^0-).7Z]<LZF2N58JST.^Q3"G*/
M63NI^\3-3042_AO77U%:RE$A:$%,@<,7Q'O\!DP)T_OS"H.OZB'9L@D@(J2#
M[BF^8 08)!F/:2EJCU0E@B$SA\&#V5!>OGC%*$+S>92^=EXE935-L[>L&37J
MA.KHDQ 7YVA2<E=(,_<)2.SV]L!5YB@W*EBN5Y^L9W&)E-E!TF*7X_+7)7LE
MB#8*VE2W,&_;EY\(\RRW.K/WQ?ZO7*'QP",?20*@5OXT@4+FF,*S$&<L3BV.
MKT?U(OEZS4H0Y;FW;2@I$L/<%XE+SSM7WH,3TDHLWQ.P1J,(4Q*65OJ=>7=X
MRJF#EDJYY!B8&7"DLX#X"?[ G:64L5>*X00I!!+0!S40>! T7I+<0E@CCVR7
M*C.X_;7;_( PU;*TDO!&GI8+2\%J6%99I!H<,@/7=:0>EUOK:!+#[CXTKD@A
M!;,8C'DY3@*\:*#.T3E((RQ)G8@!^N*$IOA:NK1EQL8["=/_(V55Q^,N*L8(
MY+;QN\BWW K0$+W250B:#UW@'BZ!+6E]F)6.,T".G$'^V,7'F1K5U(N+C_ZR
MR? GSV;XX^<Q?-QI\RY0D.\@B_=9B:>S>9*;V^IG1X<4,0L-LNLU*AQKZ_@7
M"R">G7EULT)JFO:N* D"A0LNM8[7#QE' G>.STIWNV@(:BVN?;$S'2+,#1-#
MZHU=>VG#@NH=QJP_B%-O'UHVKXD4]7=_9F-"$WH6 A (%\ 2F?([H^W3M<*^
M53YG9U9Y>3UPZW;$V0#.((H[2N*6].M:D)JK@%LYX/.)+3'M=K[_Z5[.>T8[
MT>N.PF?]KA1"PK 7Q ,D!IKPQ6].>-=HU'C79'+"JUKU[/Q+1UTQA_".L2$4
M6T&WR\C@C%JRX%ZSS:780 *:RIM:IZE:*;ZK.9M!A?7(/8TDRPBTG_1=%.3<
M@%R<$2ZSU#P+P*GBOA:&7-J0N,*UILJU9E;6&/,&QPM7 I2IJ)^Y2R N-UJ%
M>MD"WT1 B4_HJI2]U!S4D.P#\]3L!,U;/=V@BOF8=-"P1CR6\<&M.O-.R> [
M\?!$*O+K%B^4NZ0'4P@TI<?*FZN5ZN -)D:*';=P=_EYTD,OS)+7Q%T:VYKN
MI/W"VIS=CL,&F)[?P&%5Z!L9GL:C(O;KW;^&!Z^6]JDLH!$5=<7C)S$$IO[&
M\K/PY7E7@*R5+DC[/&\YJ0PA!9?M36^F+=,12L_,B1?'JQ+U0>NZG*3S]=:W
MUK2'*XJYE>U&L";6ZPL[QKIS_=T'Y18]:9CN2K7,GI%HN!"]N@REX9886.1H
M_OO2.ZE6THS0N''D)'2[+-X%-+@<*S==AYQ8XCLQE?S#E2A5,'2%F!D&4UP'
M=IINM",CV6O1EAE^72K)=UK?L]^LRR^85T\:!%JQDF[VA5M(('6@FY ;J3=P
MA[-7"\=%IEDY92A*3B8N3HV;D,UY-./5 T;PV8L"SWQ> 2?FX@844TN96^N:
M<^CBAR\>+\(TY4!CG% <$T XY< GW&ERS;0GC6>G'[2XP8."AJ9($[/9 A\G
MN.1S/GC":M9R'.SK\:^@TH!QO:H) N6@9R%R@X29'8:-C]K026Y1#-!/S]/<
M,*6TUW/(+WAN+WI=AX6L"6Z46R@Y:TR436^@*A/L[L)DU6$\<G_BTE=EY,UJ
M<_K M&?/<.6Q-T:L)\EJ"'(=VW,-_7R"]<?C)R*6I*>W$'SU3^2)2MU0#O)^
M9Z,W9D^*>EC@":;K@;5%I=$1*,9*O!TA44_S7@C$P%I7&2,4VS\3O&(W@Z0V
MM+T$[#3",-POW84*.K+H55Y2IGZ5QLBIXR3I=H$OSBG(.929U9%+:/0P.4(/
MZC]*33AUYY'AZ(W EB,F*O"8B>*GFL30Q[B/&V20Q@=DO$;K/4TP<EUJ15&K
MW%EQ2,U00)#GX?T(G$ P"YAJ I6>HMDUKF$=7\-!U)O.%Y$D[K)57#V)"9FJ
M#W/&@F0 )A5GDO='J;_S<HV26UM0\6D**7]9,E4%2XS*P<6FER3)DE0S*F4F
M61?RFPMQOKCP]H6=.-<</W6H$5SA[7%5MK;+N[W(38F(1%G>LO^8J:P$;]6T
M&NZQB"PN+ND:W+ ;N=2E3B/3Y'PS%].I>ZL^+>=^<AD2(4*'#%8$\.N0,H4;
M_D-5+F!UF_(34\X':1'[TIS*;[28K>Y\8$LG)"B46Z>YBO6@+]AU?N3Z"7GQ
MU5R ,>\)W"!@X5&^G>=&"L,N+GYN*)-D9<:='9KI8-1: ]?V$-:F-K_D[<)\
M!)],CTG[X][N%Y\P0J:Y.9RA@!$434:0-)_TG(4/Q#1@L 6N$X6+\XL;8IOS
M8L=Y!:'*;'2TCIN:ICUK5\0/4U$6[B(65=ZE03L4$I@TV8*A*9:;,)ZD"5/-
MC6XIZC[]J9.1S7[-[.[ Y>^BQ!KNWB%UE32.4R,"4@\FB>!L');_A+Q<=NI[
MKN^1D<QD"?UI^!&C0B;8!?L;U#;L-5T.SK9SU8B-2BJ?GUDZ6&;Q-.T8D8H=
M$$G=>FO%*"%VQ=0JB62JA(82IX!$1Z*K.::^G/-@::?',>#+9N$6BTYP>AZC
M6T0J6/?B-IC)@$);-N3DLO>5(%C2_.F.%&$-+[Q^K!)(CZ)V.* P0#W?KFZ5
MCS392*&*EJ2I8O;>KXHA.KOL?B5IY.*[D=-/69$0@62.X*'+#/RU'&94AC_E
M6DY/O98,Q)4U7J*[FNI3JC['N!"YRSRZ[!V]S,OE+W5\EQ.BR5-+?-U[#EU%
MZ &=HU("96*%DTG@!Z.!\VW#AET%SZQ'FJ%<6E%I,BRF=R*+Z?XQ+ ;F]4]_
MV?WS/_VE7OWS/^'_=O_\AHO"/I:_(BC_?%T1F_B/J]N:,%G^5_OS<%'>T.I!
M)W;*_5\K#/%]B_Z(\;#7\?V.3ZI*(V-A<CG^BM*D+V=?R;E+>T,K=--DP$<*
M5UZL..V D2%WE9P* I(2B&JP&;!PB$[HVF)WIB_"L_L'B:"'S ('U)@%^2H=
M3 ]^H84>5#K(J0]28U,:E (5]+%I; K?@+G^H(@KEMS>H#9O60BWY;KD<I8M
M9YO/=ZISHG,>U(0KUVF418EK\$=&8#![7.)$[%W])/N!P=W/XH<K8U!6CT@)
MZ[.=HR+*57EK'KZP#<!P,#\3NVO'P"A1O93^^*DPO[?5OK@X=*B[\HHWZ;:T
M45(LV:ROQ(W)M"1LWR7%76+CX3?N&%NGU_:+EW87D""YC5F]_,2JW.'==1BX
MR3XV84$O.R]#Q2L9)":JX4]A:TP[ GK?]BIWI@HSAJ5@C-N#'2*C'C .*(J<
M=UQW2Y,0NJY=_B7M$%\M;DDCM9%XGXO0$*O)#3@E_%$;NM"QMGBYN.A(KEMP
M1!6Y<XS(4,[1.L._&*9^MHECZ=9<UM!&VF[&)3"!YE8?)S)M1Z!4MD3$(3^_
MKIM.N]<OWH](H\F@R]XB!AK5K0#)16\0[&W>B?0+?/<!2I?^;$O=*I[]*3[+
M:/;C$V8?M?/V<[:2K];?/6M)1H)>2;<2EJ:#:NR!MSA%N7]>A"8-KHVL9VM6
M&OHE[BS1+F*)52)[7"XR3#%;=-Z*2W#)2D 7+F<.#AG?&77QI-[;4E-/S&VW
M?,!IHJ_Q2R4O1<:T7^^Q%*SD 'GLEWVM@$4W^N 5 ^#A1"X[W^9?#9NN,7Z$
MNW ]+D2!Y=")]2QBY&^3H*3CE<KK9"9'X*4YE<@#2.^W["M#&I7"W29P=!'(
M$;U8>X&1<GK(8_FD\6I?A-NJAQ46[,!9Q%-$_8'=/$&'N%UJ_ [/'N/VN%RN
M,%MM!3CC-.V*5&#&ZA8]L#D%A]!U:"8&PM"<RT>ZB_"6S1.=JZ+UL8Z"V,J&
M%EY;!F^U=5Z(V)'L YS'W,GAMOX?CV]NR5V*1? 'H);7#<SRJ*WZLZ#+1<U[
M6<$-W""[@[_58'(NZ++<^-: KTNJ+ZX/B(:VKJE**%0'L4,\6O+2E>LGL&IY
M9HC.4^]TBEQ(+)]99\T(YJ.Y0Q*F5(>@#K_<4#0FH-T$_>C-]8WD]JKSN91H
ML6?AQ+JE^$K]O=RN$\X=NZ*PKA4FH!55Q/K@<YHR,MHZ60/BD?'GU!)A77FD
MTR5-C\ $,ZP0%W8'L]C)[0=R6J[P(B !L1?<A2IQI(HZ5(Q.D/"4AA-.\+V&
M1VG0(@>7G[=-_,'R_&CAI*Z,#HR14(.W8Z0/V/K)6321WN+?:8IXVB?C.E3?
MP8]G?DO0X;4D)"[,BEHV$=N5KFQ?<,,5Y%UIRQ=_O/"1&=J]<7BAO[#:+@53
M*EBC*>+&I?+ 1^"<X0E1_L;I4P<5):QI(QXZE=*" $#6,"-RMDV.S96+ZE&/
M_2ID46OM;2WHAD14%UT&Y.GUOB'F &,J8B!]> $_PW2(Z+NSC]4CZ""3WO3\
M,G637,LA?2 ,JH^(-R#X_Z<_>< +<^!'2$Y$5'P4=#@EH_!3]0>E#O"OK5=V
M3>";FZ5O'T5QXQ6/!^>S_4Q-7H5SPI=8_ -TK_D;^UL8?55R-3S]AA0G*W(-
MVFBM8[%-PXH"AJ5LC!7;J*EN4=]3"-M^'S#^-.$]?(4U?9RD44IV)"5K$%M9
M/W&RAMZ@6TSN1HMFOUEI_0V#'U$])<SKX:'$- UV[P!OYIS-A4N@]UOZQ/@2
MKD]<YDR^AM<@HWO+C.XU,;IWF#<1?1)+L$P6!>DQX6]G9'( GX?WU.?AW' S
M4%!\+6?#N5,O,* ]'/7P+_VB-YW!7R:]HCL<PE_&DZ(WZ]OS1$B38MJ?=L;%
M:#; GTXF/7AM,9WV-+6&GNJ!<H1)Q8-NOS,83OA#/>T!?@?_/X:O_3=P]:?#
M3F\$_X-1WRC/;$Z<?C,>(S!MKP]_]/K1F@;P?Z \375&]!V,.)AV>F/X"E[^
M)O /I"GR(I9/1$GQ_M#M[W_3^F<TI2,/IU?X^ZI:D/.$HZ# E;BTZHJ-_Y.<
ML3;&QQ!?3KJ'6N-/ ECUL/OFT9F+UTP3O+Q[1[M;<\.!:S9G*$D SI=^R8 /
M..;'=Q\:HO.37R4)S#V%IA; -M+[MPQS4:M2(F#,Q'BZKDS8E3GCG)Q6[./W
M(7];)R-]:NB6JMLEX&A?.[V=/($(A;Q9Z:M#TR4R;,("!8%*+W@$-+':H,7)
M8F,>H'%V01>UE]J *^Z-5A)?IKH_M#&FE(M?22)EI!U_9^#@IB>;<LSM$3B,
M?$W+(DGZ'<P*[N+%OS;;1P8M&:.'TDJ!]MEF2,00C!3K8RX.BGC[-("&Y4X(
MY;$-M7-WG?EJ.]\_(/+,G'@_-RH,O@Y[Y4.)I;1F3L(F-XO2W)1VK.K)HG[>
M+T1)B7/ZM=X\#).</$$HK#YMU/1H\862"9?^D+Q:OKFXE?'Z^T@=@^(?RY&8
M!)5 0RC+C/8,0Z_85.F)M@C('PD.)!Z&/%>2WV(F""=G:I/<=(\I@I8<GOB\
MP[[_*&W#HO'Q#M=""SH=U3LP:W.^K0QK&O[DZT%7=+$'%L>A2NGGK;_3:\PE
M#@RQ51!;*RDM5FE>EHR[45@-!]!<20D<.)4+20J9=PA<HI92."V8]>N-.O\X
M:"28)=]'=51VSFXK#"G>4G^?I?AMUKP?NTH@Y6'UYWATI,$(8T8G1377=@%7
MF?TR6YV< VQS<&<IC4M0G,=6@]#5\3T*. J,D.1J_S@C<%4S0:;K=WTZC4I)
M!\/UD)U)NZ9]"FWRC^L27TPW7%.B)=C0-DFBOP<\7)G=*7.QUH713,C80L?Y
M<B=7U,^-@L5A=QFJ2! ['QC.BVK\#D\4+I?,$]_4N-F&VT17A@&_L+W*$[O+
M"0I5+US, 7)7+OC9C^R[\N?: F6LX0JE-+/36:Z& D7)ZT>Q$XBFG; $#!"3
MS'_=<:@HP(#]8_< .1!N0L+B5G'5'@@9K9)G+J6\GS%[&5U!UHNN%+_<PG$S
MJX-4?FRL\4]>YQLM%FZ=6H/O9W:%)%0I 606 5) J?G_3GC2A0>Y^2@(2>FL
M/0'BR^?W555S\Y$CT\"1J_U.GV,.G)54+!"."C2/Z]L0P81JW3(3_"'MJ]A]
M=ZMMC3CFRT>].]'O6E6+< PD6RG;ND7M3HZ^R5;IZ9S>2FBI9<;SILOA6QT$
M24A*D ;<U@1:75-A/1)[C^8FV"E!;R:-)&C D;H8UJ^'12P&!?XBVM%(9=2)
MI^BE@:,'A=AM?M3L+T)*1;4YPD452:>Z'J;*8E"E<2[V'A';C2OXD9R<OV*S
M!NLRI-BS\09(-XP&!;@J:M0&:$\V2[6#\&B /5.'P;R"F:4@O(;<C95WSXML
MS8QH7WG0^L3]*I7$:%+ DAOEX,&X:QY0CK/Y[.G,##([LOM2$5MSQYW"ZSH/
M)=\$VII@])%_6N&2 RX3.[?03'3^P ];4$CWP$S-7F)#JQ#P#P? \.@?-?QP
M3*TNLU2ZJOWZ@!27F#Z]*0,J?_-RM+&;X.;]3DQP13"S!N^U7CPVO='MR8F#
M+IWWVCV3X8B"1D<ZK?I^S8N8,%:>26/..E A7ES<O*5#'):<U&I=?>)\"I@C
MNM<PTT/J75Q?[.,,5.ZE<73C21Y]02V_N $/OT98H38K;2 CTREB"B<9?]+E
M8<.0YE3-C)FET5#8(?H"S[WS:5M]02%*22Z:,J#^CA;CD$*(L"FX :RXX7FB
MO?,IH)1HTV[*^,S9CG&N3[UT(,$I/C';!OC=ED,9SDQHS,X=AV$W!STB$BG,
MEB,:C$G%DZ[:_(N60^?:M]A&X_.Y]VXF#"J->B[ZH/4;RT5&R%+^682&C#VJ
MGC'OH]/.7)S6>??[8Q<X>N;$!WV<^&_D#9,<;UC_'M;PD=E"4U.C&V^ON0WV
M+OYX'B>HI:XQ3@LHS:TN5S;K [#LC8,G&;AJS$1<L$2]8*GS@%K02E_@QPKE
M8VC+1[-;@TZ]%H> Q?HU(AN$D@D<[I<JF02IBRKDZD7I=!Y (-NTY'":49$&
MH,-"TMZ%.G'KB+K+=\:+^ODV:E^59;A7NC//]G';D/I@N<T)!L&D\^;Z@ZIF
MX5I&MOYRX5^"])K+HW/MV**S_?#CRX]-\ V*RTMS<M7>D'\^L%=9>EL;NY;
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M1O[!C5-^O;&CK1<(D'-9/^(-E]QFZKZ;"R&=Z:_.T[=\ *D-MWC-*PO!*-B
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M2IE0N0/>.)<=T*X?2&Z#/I(7&@/H$#FGOP//[LO?^X/P&=GT5P%C)L0?*.)
M$#!GL%$7P"78TNA.<9AA,46N!C;4$-D2^BC.D 4CMW)=IT-2;IE[!TP5^"XP
MINF$C!YREX"^,J%_P/V0P\)9:'0ZS ;%4]?))?[G69_'@AO:'^;G4C4'G9)?
M-W .^P!T,N+#I!"ASY.RJR\H_LF0;W"=QZ YD@P#T=#';MT3^-L,>+@[J@RU
M CM GMRGPP#[4@3_&0C8<7?$AD-W*)^,NGA4!\Z>W ,@<\B)=C9%=U.?QYN
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MJ7P_DXNQ^A)4OE27,<FPF@@D1S]0AK5BHC _7/*\6$#D#<,>I)12SW2 :;6
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MNC\Z&(W^8Y"\W8#%8G0&XPAR'.8&MKS4V).WVTK-1F [JL]<+ R6Z!N>&",
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M%1'"K<Z6.#H;#-)-F[M!=NVHU48;^/3Y!R@M+'0M<M!?X*ZOBLV2*J+"%XA
M#4HL"@\-Q;W[8 77=L%A_&=,"I&\!61I)0$5"&/LMD^UBWFL6!C(Y-/-+$=S
MV@0" .RB4 S$2XQ ZN# R%&_6TZPREL1+&@G'"O)"L?8U4GR$ICT/_9QUL.C
M4("H. %0M5E>V=\<Q /0ZHR2 ,'Y8^K%@X:SV& X([AM4?> /WY,EREE6 X2
MPG:^!2"!E6KQA2HE7[S[^O9RX#AZJ+\N,AI%.7=\L&MS#BE$MXKE*2FU6'%D
MQ;ZD!6L5P.>4JAG67\0.3[E.NC,!,/N29<C8"9LB2P7H)10<H-VG P?E$JZW
M064!EUH)-Q;SJV+MTUQ>AR$5?Q5*@49+%+*C![)$P;ZUFJ?>__HAV*5AMF;O
M6C8D^X#<A0JQ96XH/C@,N\&I0\;'YG1W.<F>IH[.Q-Q3);O;E--TC.D2P'7@
M9$TV@($R&!M;?)=I>/(!W0Y3X9&CNEP6XDOQ%7F7<^)&T'NX0B29S;IN3R]N
M>'IZ<"1P]SXC=AWJ[$P:*J[,];DU(1=._6;TOQ2W&2*#U";E?V/$&JTO&1L2
MFF@<N:>O(P@37^Y(T8ADEBZM*T7T"K!7P]??T0O CA,.6@E(^G25Y#]VO5V!
M3B 6:T$ER'0)]7&Z6F43#BGA384J8VCXW&T27R'*;58"&>RXFBCU[F?#HD-$
M5E+/H^K/U8S6DS<YN10U<C*4Q,3Z'.1JK>U3N8XE]9P="&DUY]*/MW7= ^5?
MA^)"P4WM*^B1FF;BPA3W410O))P9<G@KY(HVPZ629KK<;I5A]_*&"T*%7 LE
MS$<GM2@5."ROO>(/;&R-A*_XH[[;8*CM(,&L8"\'JJV!9W-H*/=]UFKU> XR
M8%F J$-'#_Y, CRY[=FX+9Z!OC"-3DF42LO"J@!514J84H,V)9D.C,;U,:7H
MY. K0ZG\C*!ZL5@4./[WF[0<9YYY"#WR(415UY-]*(7>2K$!UO/P'8SAHD-9
M.^_;9H>^Z2$MY<0KUDZ1 J-N7>%:.-SA&*X1*G-MK<A5?Z9;B:9J0H_EN)C6
M:<!#SKYYCT[=[1R9.?HT!32T*395,L]G\R>P33Z0LZ$7PS9:7)FMRR(=H_VE
M8DF<.RR9/D5(A9&8U!/N .*C%[DO%KR6'J6Z/:_$#!5Q<KFI6+PR"T*[[!S@
MHH1G_47%^$W9KQGB6);664A^3/\H6%9.D%C66:;O=)CY&&*HR%$(<R-ABWM,
MN:N*_87Z<_(8!BC)86Z:;.$A4F1;O<!@]A0\0R@64S@_>2>QOB\,X[6"T=IN
M@#!HE3S-H<"TL\H4\]8?BS_Q% #M C6QIU21$EH\%EBZS4!P;#65"_5NZMVE
M7L8E18MXO":R56!<QF!X"K2 F2\+*PLKNGE8HGJQQ<[X8[1WT\/"'K%:Y]K7
MH=WMXZ) #?@)H7Y^)M)[H+$O;!HR4$RMI7=; A[0/GX"6R-.=$A*+BC,R>%&
MB@K&Z\*;V?#P8.3?8[M%Z.I58[<\>-KP9N-Z4O/"HW8+<"(3079@0Y\611W#
MN6,?#C8V>"6I20*$AP++6>=:K C-E=L0S]-[>P5*79F/':GD \PII.<Y%L=]
MG*(I)FJGGZ"37' HQKY5+/Y>=&)0%L7EO!#0J!T',B"=0[;(:K&I6#_0624Z
MCD"2 @$P"TZ3;E/I9.7O8W.NE^ X*9^3;W!5;^%!!XA44XR5R<U&*.]Q[)N,
MD!$@\'?6PE96_"U'NP2C6;Z5N7K-EL!(R</-&@;H7/D2R5JSF &^U7C#Z@Y<
MMN;X*'6',O DFF\GD65\718K>OT?L%0S!^@ BW-R+:>4/SO90*I-Q056/=4W
M, =?<]Q&;KBUP69 EHC1H=4&BAEO5,G[2(9Q'Z;>525$X9P#=;7P_]X/*L#/
M0@4=T"*FC5ZV#\F;\FPF$@M/#QC74/IO0*"I<59R^#\I16<=:E#$8IB'P^@W
MI B=M2.N\5BGP4AN,@X>MWSE;O6IO,&Z#WGW3FH#A'?/3<?U8.)PKKRUH4!W
MVKV30*T.)*>AG(4@A='[2Y6T5K6<!1A1XE^?ALF\-K3?"]ZD(9.4O/O#42MY
M']*FG%% 9.%7)J8+>QHZ9-H\IB=.+_L.JDR 7/2R(0) R'U&N@B/1C?EM#W:
M7V<$!$Z 2XS8Q+L_-DJ,F>1C?I$S HY$Z?NIV"PF#O+55+"Y'DIZZP7HIOS0
M6+ZN- V(B22Y1^?CZ7!(=P,EY\S2UF%).. 8GH?K6R]I_V)L0E@'YE,98[41
M8OH$[ST?3Y7,BXJ#4^4#:_-XW16+>M%TG7/=K7JZ$TH \]NE,_*MZIW'%^P2
M;)Q!@R0IJ"6!K+)!]*6NL2W4AFEK@:&OQ?(59E.5A-'4[$7'8V4<C_4"*R^8
M@"Q+L$2AOOW[Y,PW@+=UNL-\G56W3&THWI$.NT;YH3B%A8V^W[(C9SW4&:_+
MSY_5B?==S]]!%VW$G4/>[68%#@@U]4VY!CM(IIB,ZBJ7 "H4F<JQ?G9..I:7
M\X Y9@DD9LQ"@^A:-2Q ,0NWX+CS+7A'\8UK\,%@Q'V@!%0(A*(9_S@E2%](
M]%UPX9W4ACR2,6\L"LK#H\ 0-ECEIBC7TT()G<8UW&9_-PP#,PN0M]S\KI/A
M<V3( D_2L=Z;]6JSUA@:LPS33AX0)IV3Z3OP)"_4YA8TN1!+XC+"FF0IE*TT
M7930MM?^H'<YX]P?I<F-N5Y;: *1KI"N.N\WW(FG? FX +AL:6_ ^S<K\4;=
M9I6Z.%"# 9\SK&4B$RP:%B'[DEY%)C3_)DT>08-']/X,>>/U<EJF.F<F,T%H
MPAA"&A 7+Q 3@.SG'"V<FRK'@KG@(:F%%'R;%XL,BU13)I6YKP/0WR  <AZX
MNM*N@W2A3=-0\<0"V(P+15KYDI5B]5I,IP%Z)61!.+\5SD@]R;K'F[L+CP%T
ML08,*)QDE'P QAK8]7I6!]H3R2&+%>:< CDQDS?U3[,E;%/"6DB>P%:L_?#
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MW@!02P$"% ,4    " "+@5M+'R// \     3 @  "P              @ $
M    7W)E;',O+G)E;'-02P$"% ,4    " "+@5M+9O,+8((   "Q    $
M            @ 'I    9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( (N!
M6TM)7+T0[@   "L"   1              "  9D!  !D;V-0<F]P<R]C;W)E
M+GAM;%!+ 0(4 Q0    ( (N!6TN97)PC$ 8  )PG   3              "
M ;8"  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ BX%;2ZY94(D!
M P  MPP  !@              ( !]P@  'AL+W=O<FMS:&5E=',O<VAE970Q
M+GAM;%!+ 0(4 Q0    ( (N!6TMU3J9-8@H  "$^   8              "
M 2X,  !X;"]W;W)K<VAE971S+W-H965T,BYX;6Q02P$"% ,4    " "+@5M+
M^ALINZ8$  ""%@  &               @ '&%@  >&PO=V]R:W-H965T<R]S
M:&5E=#,N>&UL4$L! A0#%     @ BX%;2X!F% C? @  ; L  !@
M     ( !HAL  'AL+W=O<FMS:&5E=',O<VAE970T+GAM;%!+ 0(4 Q0    (
M (N!6TM>LHIAU@L  *M)   8              "  ;<>  !X;"]W;W)K<VAE
M971S+W-H965T-2YX;6Q02P$"% ,4    " "+@5M+-4I?]58/   58@  &
M            @ '#*@  >&PO=V]R:W-H965T<R]S:&5E=#8N>&UL4$L! A0#
M%     @ BX%;2V4ISN!A P  'A$  !@              ( !3SH  'AL+W=O
M<FMS:&5E=',O<VAE970W+GAM;%!+ 0(4 Q0    ( (N!6TM9*\?3*04  /P:
M   8              "  >8]  !X;"]W;W)K<VAE971S+W-H965T."YX;6Q0
M2P$"% ,4    " "+@5M+FU6\O;4!  #2 P  &               @ %%0P
M>&PO=V]R:W-H965T<R]S:&5E=#DN>&UL4$L! A0#%     @ BX%;2\@RU["S
M 0  T@,  !D              ( !,$4  'AL+W=O<FMS:&5E=',O<VAE970Q
M,"YX;6Q02P$"% ,4    " "+@5M+RC87N+4!  #2 P  &0
M@ $:1P  >&PO=V]R:W-H965T<R]S:&5E=#$Q+GAM;%!+ 0(4 Q0    ( (N!
M6TO C[Q*M@$  -(#   9              "  09)  !X;"]W;W)K<VAE971S
M+W-H965T,3(N>&UL4$L! A0#%     @ BX%;2RZWYPZS 0  T@,  !D
M         ( !\TH  'AL+W=O<FMS:&5E=',O<VAE970Q,RYX;6Q02P$"% ,4
M    " "+@5M++WD\2[0!  #2 P  &0              @ '=3   >&PO=V]R
M:W-H965T<R]S:&5E=#$T+GAM;%!+ 0(4 Q0    ( (N!6TM>[W*?M0$  -(#
M   9              "  <A.  !X;"]W;W)K<VAE971S+W-H965T,34N>&UL
M4$L! A0#%     @ BX%;2SI0@^FT 0  T@,  !D              ( !M%
M 'AL+W=O<FMS:&5E=',O<VAE970Q-BYX;6Q02P$"% ,4    " "+@5M+:?XB
MPK4!  #2 P  &0              @ &?4@  >&PO=V]R:W-H965T<R]S:&5E
M=#$W+GAM;%!+ 0(4 Q0    ( (N!6TOX:*ZVM0$  -(#   9
M  "  8M4  !X;"]W;W)K<VAE971S+W-H965T,3@N>&UL4$L! A0#%     @
MBX%;2Y)JRGZU 0  T@,  !D              ( !=U8  'AL+W=O<FMS:&5E
M=',O<VAE970Q.2YX;6Q02P$"% ,4    " "+@5M+)4'XP[0!  #2 P  &0
M            @ %C6   >&PO=V]R:W-H965T<R]S:&5E=#(P+GAM;%!+ 0(4
M Q0    ( (N!6TMI6->[M@$  - #   9              "  4Y:  !X;"]W
M;W)K<VAE971S+W-H965T,C$N>&UL4$L! A0#%     @ BX%;2^I(B_*U 0
MT@,  !D              ( !.UP  'AL+W=O<FMS:&5E=',O<VAE970R,BYX
M;6Q02P$"% ,4    " "+@5M+M[:3MK4!  #2 P  &0              @ $G
M7@  >&PO=V]R:W-H965T<R]S:&5E=#(S+GAM;%!+ 0(4 Q0    ( (N!6TLU
M7<I6W0$   $%   9              "  1-@  !X;"]W;W)K<VAE971S+W-H
M965T,C0N>&UL4$L! A0#%     @ BX%;2[07KF:V 0  T@,  !D
M     ( !)V(  'AL+W=O<FMS:&5E=',O<VAE970R-2YX;6Q02P$"% ,4
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M+GAM;%!+ 0(4 Q0    ( (N!6TNJ(/=1M@$  -(#   9              "
M 2AL  !X;"]W;W)K<VAE971S+W-H965T,S N>&UL4$L! A0#%     @ BX%;
M2W%R=6O# 0  -P0  !D              ( !%6X  'AL+W=O<FMS:&5E=',O
M<VAE970S,2YX;6Q02P$"% ,4    " "+@5M+V(R&/[@!  #2 P  &0
M        @ $/<   >&PO=V]R:W-H965T<R]S:&5E=#,R+GAM;%!+ 0(4 Q0
M   ( (N!6TLSV03EQ $  #<$   9              "  ?YQ  !X;"]W;W)K
M<VAE971S+W-H965T,S,N>&UL4$L! A0#%     @ BX%;2RT?9AZX 0  T@,
M !D              ( !^7,  'AL+W=O<FMS:&5E=',O<VAE970S-"YX;6Q0
M2P$"% ,4    " "+@5M+:$DAV0T#  "N#   &0              @ 'H=0
M>&PO=V]R:W-H965T<R]S:&5E=#,U+GAM;%!+ 0(4 Q0    ( (N!6TO@=/CT
M$0,  $<,   9              "  2QY  !X;"]W;W)K<VAE971S+W-H965T
M,S8N>&UL4$L! A0#%     @ BX%;2]--M;RT"@  GD$  !D
M ( !='P  'AL+W=O<FMS:&5E=',O<VAE970S-RYX;6Q02P$"% ,4    " "+
M@5M+7Q:K*RL%  !K&P  &0              @ %?AP  >&PO=V]R:W-H965T
M<R]S:&5E=#,X+GAM;%!+ 0(4 Q0    ( (N!6TMZP<?]= 4  '8?   9
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M970T,RYX;6Q02P$"% ,4    " "+@5M+$A)+([T!  ! !   &0
M    @ %LG@  >&PO=V]R:W-H965T<R]S:&5E=#0T+GAM;%!+ 0(4 Q0    (
M (N!6TOL$G R(P8  /<F   9              "  6"@  !X;"]W;W)K<VAE
M971S+W-H965T-#4N>&UL4$L! A0#%     @ BX%;2\S]+T%/ @  [@<  !D
M             ( !NJ8  'AL+W=O<FMS:&5E=',O<VAE970T-BYX;6Q02P$"
M% ,4    " "+@5M+ST%JP-H)  !P1P  &0              @ % J0  >&PO
M=V]R:W-H965T<R]S:&5E=#0W+GAM;%!+ 0(4 Q0    ( (N!6TOC*U[<A @
M +@V   9              "  5&S  !X;"]W;W)K<VAE971S+W-H965T-#@N
M>&UL4$L! A0#%     @ BX%;2_/[IYU!"   KSD  !D              ( !
M#+P  'AL+W=O<FMS:&5E=',O<VAE970T.2YX;6Q02P$"% ,4    " "+@5M+
MEH_O")8%  #F(0  &0              @ &$Q   >&PO=V]R:W-H965T<R]S
M:&5E=#4P+GAM;%!+ 0(4 Q0    ( (N!6TNELC<"SP<  !0U   9
M      "  5'*  !X;"]W;W)K<VAE971S+W-H965T-3$N>&UL4$L! A0#%
M  @ BX%;2[;UX1_S 0  ?P4  !D              ( !5](  'AL+W=O<FMS
M:&5E=',O<VAE970U,BYX;6Q02P$"% ,4    " "+@5M+JMU_H=D)   80@
M&0              @ &!U   >&PO=V]R:W-H965T<R]S:&5E=#4S+GAM;%!+
M 0(4 Q0    ( (N!6TNCA",?D@4  /$A   9              "  9'>  !X
M;"]W;W)K<VAE971S+W-H965T-30N>&UL4$L! A0#%     @ BX%;2YOJX#?%
M!   XQH  !D              ( !6N0  'AL+W=O<FMS:&5E=',O<VAE970U
M-2YX;6Q02P$"% ,4    " "+@5M+XMV!ZL@-  #67P  &0
M@ %6Z0  >&PO=V]R:W-H965T<R]S:&5E=#4V+GAM;%!+ 0(4 Q0    ( (N!
M6TN!HB;']@(  )(,   9              "  57W  !X;"]W;W)K<VAE971S
M+W-H965T-3<N>&UL4$L! A0#%     @ BX%;2XV/4!D] @  D <  !D
M         ( !@OH  'AL+W=O<FMS:&5E=',O<VAE970U."YX;6Q02P$"% ,4
M    " "+@5M+<S)/P)H#   3$@  &0              @ 'V_   >&PO=V]R
M:W-H965T<R]S:&5E=#4Y+GAM;%!+ 0(4 Q0    ( (N!6TLP>5EKJ ,  !,2
M   9              "  <<  0!X;"]W;W)K<VAE971S+W-H965T-C N>&UL
M4$L! A0#%     @ BX%;2W';G/AE @  Z @  !D              ( !I@0!
M 'AL+W=O<FMS:&5E=',O<VAE970V,2YX;6Q02P$"% ,4    " "+@5M+QC3P
MD[(!  #= P  &0              @ %"!P$ >&PO=V]R:W-H965T<R]S:&5E
M=#8R+GAM;%!+ 0(4 Q0    ( (N!6TO.3&6% @T! !\E!  4
M  "  2L) 0!X;"]S:&%R9613=')I;F=S+GAM;%!+ 0(4 Q0    ( (N!6TM0
M_0//?@(  .4.   -              "  5\6 @!X;"]S='EL97,N>&UL4$L!
M A0#%     @ BX%;2ZS:<]F!!   E2@   \              ( !"!D" 'AL
M+W=O<FMB;V]K+GAM;%!+ 0(4 Q0    ( (N!6TL.[*\!'@(  '\E   :
M          "  ;8= @!X;"]?<F5L<R]W;W)K8F]O:RYX;6PN<F5L<U!+ 0(4
M Q0    ( (N!6TOCV@RJ[ $  /0D   3              "  0P@ @!;0V]N
E=&5N=%]4>7!E<UTN>&UL4$L%!@    !' $< 8Q,  "DB @    $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='UTF-8'?>
<FilingSummary>
  <Version>3.8.0.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>633</ContextCount>
  <ElementCount>556</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>211</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>35</UnitCount>
  <MyReports>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0001000 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/DocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R2.htm</HtmlFileName>
      <LongName>1001000 - Statement - Condensed Consolidated Statements of Earnings</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfEarnings</Role>
      <ShortName>Condensed Consolidated Statements of Earnings</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>2</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R3.htm</HtmlFileName>
      <LongName>1002000 - Statement - Condensed Consolidated Statements of Comprehensive Income</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncome</Role>
      <ShortName>Condensed Consolidated Statements of Comprehensive Income</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>3</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R4.htm</HtmlFileName>
      <LongName>1002001 - Statement - Condensed Consolidated Statements of Comprehensive Income (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeParenthetical</Role>
      <ShortName>Condensed Consolidated Statements of Comprehensive Income (Parenthetical)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>4</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R5.htm</HtmlFileName>
      <LongName>1003000 - Statement - Condensed Consolidated Statements of Cash Flows</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedStatementsOfCashFlows</Role>
      <ShortName>Condensed Consolidated Statements of Cash Flows</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>5</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R6.htm</HtmlFileName>
      <LongName>1004000 - Statement - Condensed Consolidated Balance Sheets</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheets</Role>
      <ShortName>Condensed Consolidated Balance Sheets</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>6</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R7.htm</HtmlFileName>
      <LongName>1004501 - Statement - Condensed Consolidated Balance Sheets (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedBalanceSheetsParenthetical</Role>
      <ShortName>Condensed Consolidated Balance Sheets (Parenthetical)</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>7</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R8.htm</HtmlFileName>
      <LongName>1005000 - Statement - Condensed Consolidated Statement of Changes in Equity</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CondensedConsolidatedStatementOfChangesInEquity</Role>
      <ShortName>Condensed Consolidated Statement of Changes in Equity</ShortName>
      <MenuCategory>Statements</MenuCategory>
      <Position>8</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9.htm</HtmlFileName>
      <LongName>2101100 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements</Role>
      <ShortName>Significant Accounting Policies and Responsibility for Financial Statements</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>9</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R10.htm</HtmlFileName>
      <LongName>2102100 - Disclosure - Earnings Per Share</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/EarningsPerShare</Role>
      <ShortName>Earnings Per Share</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>10</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R11.htm</HtmlFileName>
      <LongName>2103100 - Disclosure - Segment Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SegmentInformation</Role>
      <ShortName>Segment Information</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>11</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R12.htm</HtmlFileName>
      <LongName>2104100 - Disclosure - Accumulated Other Comprehensive Income (Loss)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss</Role>
      <ShortName>Accumulated Other Comprehensive Income (Loss)</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>12</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R13.htm</HtmlFileName>
      <LongName>2105100 - Disclosure - Variable Interest Entities</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/VariableInterestEntities</Role>
      <ShortName>Variable Interest Entities</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>13</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R14.htm</HtmlFileName>
      <LongName>2106100 - Disclosure - Lease Commitments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/LeaseCommitments</Role>
      <ShortName>Lease Commitments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>14</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R15.htm</HtmlFileName>
      <LongName>2107100 - Disclosure - Fair Value of Derivative and Other Financial Instruments</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>15</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R16.htm</HtmlFileName>
      <LongName>2108100 - Disclosure - Stock-Based Compensation</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/StockBasedCompensation</Role>
      <ShortName>Stock-Based Compensation</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>16</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R17.htm</HtmlFileName>
      <LongName>2109100 - Disclosure - Financing</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/Financing</Role>
      <ShortName>Financing</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>17</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R18.htm</HtmlFileName>
      <LongName>2110100 - Disclosure - Pension and Other Postretirement Benefit Plans</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans</Role>
      <ShortName>Pension and Other Postretirement Benefit Plans</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>18</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R19.htm</HtmlFileName>
      <LongName>2112100 - Disclosure - Commitments and Contingencies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CommitmentsAndContingencies</Role>
      <ShortName>Commitments and Contingencies</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>19</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R20.htm</HtmlFileName>
      <LongName>2118100 - Disclosure - Regulatory and Rate Matters</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RegulatoryAndRateMatters</Role>
      <ShortName>Regulatory and Rate Matters</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>20</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R21.htm</HtmlFileName>
      <LongName>2119100 - Disclosure - Income Taxes</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/IncomeTaxes</Role>
      <ShortName>Income Taxes</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>21</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R22.htm</HtmlFileName>
      <LongName>2120100 - Disclosure - Related Party Transactions</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RelatedPartyTransactions</Role>
      <ShortName>Related Party Transactions</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>22</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R23.htm</HtmlFileName>
      <LongName>2121100 - Disclosure - Goodwill</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/Goodwill</Role>
      <ShortName>Goodwill</ShortName>
      <MenuCategory>Notes</MenuCategory>
      <Position>23</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R24.htm</HtmlFileName>
      <LongName>2201201 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements (Policies)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies</Role>
      <ShortName>Significant Accounting Policies and Responsibility for Financial Statements (Policies)</ShortName>
      <MenuCategory>Policies</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatements</ParentRole>
      <Position>24</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R25.htm</HtmlFileName>
      <LongName>2302301 - Disclosure - Earnings Per Share (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/EarningsPerShareTables</Role>
      <ShortName>Earnings Per Share (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/EarningsPerShare</ParentRole>
      <Position>25</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R26.htm</HtmlFileName>
      <LongName>2303301 - Disclosure - Segment Information (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SegmentInformationTables</Role>
      <ShortName>Segment Information (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/SegmentInformation</ParentRole>
      <Position>26</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R27.htm</HtmlFileName>
      <LongName>2304301 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables</Role>
      <ShortName>Accumulated Other Comprehensive Income (Loss) (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLoss</ParentRole>
      <Position>27</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R28.htm</HtmlFileName>
      <LongName>2305301 - Disclosure - Variable Interest Entities (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/VariableInterestEntitiesTables</Role>
      <ShortName>Variable Interest Entities (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/VariableInterestEntities</ParentRole>
      <Position>28</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R29.htm</HtmlFileName>
      <LongName>2307301 - Disclosure - Fair Value of Derivative and Other Financial Instruments (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsTables</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstruments</ParentRole>
      <Position>29</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R30.htm</HtmlFileName>
      <LongName>2308301 - Disclosure - Stock-Based Compensation (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/StockBasedCompensationTables</Role>
      <ShortName>Stock-Based Compensation (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/StockBasedCompensation</ParentRole>
      <Position>30</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R31.htm</HtmlFileName>
      <LongName>2309301 - Disclosure - Financing (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FinancingTables</Role>
      <ShortName>Financing (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/Financing</ParentRole>
      <Position>31</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R32.htm</HtmlFileName>
      <LongName>2310301 - Disclosure - Pension and Other Postretirement Benefit Plans (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables</Role>
      <ShortName>Pension and Other Postretirement Benefit Plans (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlans</ParentRole>
      <Position>32</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R33.htm</HtmlFileName>
      <LongName>2318301 - Disclosure - Regulatory and Rate Matters (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RegulatoryAndRateMattersTables</Role>
      <ShortName>Regulatory and Rate Matters (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/RegulatoryAndRateMatters</ParentRole>
      <Position>33</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R34.htm</HtmlFileName>
      <LongName>2320301 - Disclosure - Related Party Transactions (Tables)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RelatedPartyTransactionsTables</Role>
      <ShortName>Related Party Transactions (Tables)</ShortName>
      <MenuCategory>Tables</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/RelatedPartyTransactions</ParentRole>
      <Position>34</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R35.htm</HtmlFileName>
      <LongName>2401402 - Disclosure - Significant Accounting Policies and Responsibility for Financial Statements (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsDetails</Role>
      <ShortName>Significant Accounting Policies and Responsibility for Financial Statements (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/SignificantAccountingPoliciesAndResponsibilityForFinancialStatementsPolicies</ParentRole>
      <Position>35</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R36.htm</HtmlFileName>
      <LongName>2402402 - Disclosure - Earnings Per Share (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/EarningsPerShareDetails</Role>
      <ShortName>Earnings Per Share (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/EarningsPerShareTables</ParentRole>
      <Position>36</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R37.htm</HtmlFileName>
      <LongName>2403402 - Disclosure - Segment Information - Summarized Financial Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/SegmentInformationSummarizedFinancialInformationDetails</Role>
      <ShortName>Segment Information - Summarized Financial Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>37</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R38.htm</HtmlFileName>
      <LongName>2404402 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossDetails</Role>
      <ShortName>Accumulated Other Comprehensive Income (Loss) (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/AccumulatedOtherComprehensiveIncomeLossTables</ParentRole>
      <Position>38</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R39.htm</HtmlFileName>
      <LongName>2405402 - Disclosure - Variable Interest Entities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/VariableInterestEntitiesDetails</Role>
      <ShortName>Variable Interest Entities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/VariableInterestEntitiesTables</ParentRole>
      <Position>39</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R40.htm</HtmlFileName>
      <LongName>2406401 - Disclosure - Lease Commitments (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/LeaseCommitmentsDetails</Role>
      <ShortName>Lease Commitments (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/LeaseCommitments</ParentRole>
      <Position>40</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R41.htm</HtmlFileName>
      <LongName>2407402 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Overview and Commodity Derivatives (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsOverviewAndCommodityDerivativesDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Overview and Commodity Derivatives (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>41</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R42.htm</HtmlFileName>
      <LongName>2407403 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Statement of Earnings Information (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsStatementOfEarningsInformationDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Statement of Earnings Information (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>42</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R43.htm</HtmlFileName>
      <LongName>2407404 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Margin, Notional Amounts and Credit Rating (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMarginNotionalAmountsAndCreditRatingDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Margin, Notional Amounts and Credit Rating (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>43</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R44.htm</HtmlFileName>
      <LongName>2407405 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Sale of Power (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsSaleOfPowerDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Sale of Power (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>44</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R45.htm</HtmlFileName>
      <LongName>2407406 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Available for Sale Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsAvailableForSaleSecuritiesDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Available for Sale Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>45</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R46.htm</HtmlFileName>
      <LongName>2407407 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Maturities of Debt Securities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsMaturitiesOfDebtSecuritiesDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Maturities of Debt Securities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>46</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R47.htm</HtmlFileName>
      <LongName>2407408 - Disclosure - Fair Value of Derivative and Other Financial Instruments - Items Recorded and Presented by Level of Hierarchy (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FairValueOfDerivativeAndOtherFinancialInstrumentsItemsRecordedAndPresentedByLevelOfHierarchyDetails</Role>
      <ShortName>Fair Value of Derivative and Other Financial Instruments - Items Recorded and Presented by Level of Hierarchy (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>47</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R48.htm</HtmlFileName>
      <LongName>2408402 - Disclosure - Stock-Based Compensation (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/StockBasedCompensationDetails</Role>
      <ShortName>Stock-Based Compensation (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/StockBasedCompensationTables</ParentRole>
      <Position>48</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R49.htm</HtmlFileName>
      <LongName>2409402 - Disclosure - Financing - Financing Activities (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FinancingFinancingActivitiesDetails</Role>
      <ShortName>Financing - Financing Activities (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>49</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R50.htm</HtmlFileName>
      <LongName>2409403 - Disclosure - Financing - Short-term Debt and Liquidity (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/FinancingShortTermDebtAndLiquidityDetails</Role>
      <ShortName>Financing - Short-term Debt and Liquidity (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>50</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R51.htm</HtmlFileName>
      <LongName>2410402 - Disclosure - Pension and Other Postretirement Benefit Plans (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansDetails</Role>
      <ShortName>Pension and Other Postretirement Benefit Plans (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/PensionAndOtherPostretirementBenefitPlansTables</ParentRole>
      <Position>51</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R52.htm</HtmlFileName>
      <LongName>2412401 - Disclosure - Commitments and Contingencies - Nuclear Spent Fuel and Waste Disposal (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CommitmentsAndContingenciesNuclearSpentFuelAndWasteDisposalDetails</Role>
      <ShortName>Commitments and Contingencies - Nuclear Spent Fuel and Waste Disposal (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>52</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R53.htm</HtmlFileName>
      <LongName>2412402 - Disclosure - Commitments and Contingencies - The Clean Air Act (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CommitmentsAndContingenciesCleanAirActDetails</Role>
      <ShortName>Commitments and Contingencies - The Clean Air Act (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>53</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R54.htm</HtmlFileName>
      <LongName>2412403 - Disclosure - Commitments and Contingencies - Coal Supply (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CommitmentsAndContingenciesCoalSupplyDetails</Role>
      <ShortName>Commitments and Contingencies - Coal Supply (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>54</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R55.htm</HtmlFileName>
      <LongName>2412404 - Disclosure - Commitments and Contingencies - Royalty Rates, Tax Assessment, Insurance and Other Matters (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/CommitmentsAndContingenciesRoyaltyRatesTaxAssessmentInsuranceAndOtherMattersDetails</Role>
      <ShortName>Commitments and Contingencies - Royalty Rates, Tax Assessment, Insurance and Other Matters (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>55</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R56.htm</HtmlFileName>
      <LongName>2418402 - Disclosure - Regulatory and Rate Matters - PNM (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RegulatoryAndRateMattersPnmDetails</Role>
      <ShortName>Regulatory and Rate Matters - PNM (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/RegulatoryAndRateMattersTables</ParentRole>
      <Position>56</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R57.htm</HtmlFileName>
      <LongName>2418403 - Disclosure - Regulatory and Rate Matters - TNMP Narrative (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RegulatoryAndRateMattersTnmpNarrativeDetails</Role>
      <ShortName>Regulatory and Rate Matters - TNMP Narrative (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>57</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R58.htm</HtmlFileName>
      <LongName>2418404 - Disclosure - Regulatory and Rate Matters - Transmission Cost of Service Rates (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RegulatoryAndRateMattersTransmissionCostOfServiceRatesDetails</Role>
      <ShortName>Regulatory and Rate Matters - Transmission Cost of Service Rates (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <Position>58</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R59.htm</HtmlFileName>
      <LongName>2419401 - Disclosure - Income Taxes (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/IncomeTaxesDetails</Role>
      <ShortName>Income Taxes (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/IncomeTaxes</ParentRole>
      <Position>59</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R60.htm</HtmlFileName>
      <LongName>2420402 - Disclosure - Related Party Transactions (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/RelatedPartyTransactionsDetails</Role>
      <ShortName>Related Party Transactions (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/RelatedPartyTransactionsTables</ParentRole>
      <Position>60</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R61.htm</HtmlFileName>
      <LongName>2421401 - Disclosure - Goodwill (Details)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.pnmresources.com/role/GoodwillDetails</Role>
      <ShortName>Goodwill (Details)</ShortName>
      <MenuCategory>Details</MenuCategory>
      <ParentRole>http://www.pnmresources.com/role/Goodwill</ParentRole>
      <Position>61</Position>
    </Report>
    <Report instance="pnm-20170930.xml">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9999.htm</HtmlFileName>
      <LongName>Uncategorized Items - pnm-20170930.xml</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://xbrl.sec.gov/role/uncategorizedFacts</Role>
      <ShortName>Uncategorized Items - pnm-20170930.xml</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>62</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File>pnm-20170930.xml</File>
    <File>pnm-20170930.xsd</File>
    <File>pnm-20170930_cal.xml</File>
    <File>pnm-20170930_def.xml</File>
    <File>pnm-20170930_lab.xml</File>
    <File>pnm-20170930_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://fasb.org/us-gaap/2017-01-31</BaseTaxonomy>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2014-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>96
<FILENAME>0001108426-17-000048-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001108426-17-000048-xbrl.zip
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M'BUA4S>.L@%E@U:L%FKXCL7P;6C*2EV"\0\G=)TG#^7W=:>+N2C2WPW/B2+
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M]M<3ZX20J5/;6,_VT"W::SK<+J+9>[PV8W;IV-@:2Z.&(P^TY!E$/::-CPN
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M9+(BH</".KX=;YSWV:8VCP [$&D5%*V"VE,%M44?O8QQD-XF7G%*Z7+5AP5
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M_@M_MN]%6X]5E^X(X1_O%?#9U]4!%0;/H3/?"Y[LZ^K2T7U.>7NONE\]4-W
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M;1J*J=NL8.J6S>3OY063V8QR[GW36=NH32 HIJI:"F,RLL RAF[:EB3EAS
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M,J4(H:ALT&R=,!PH9@*@R-5SA4,=Q=-6Y$B13$&0=4/E-!6$L*4SRV28R$G
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ME7*HZH)5"J-5*9[:TY**HLFR*NJJ" :G)-N*;J\PQ7%*>:HKSW!]1Q1!6E(
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M5JI#E)C21&F.4=@CQ]JUK]H.TA#I6ZR&I0#(0,U4)1-<1D[.2=_FQ3+I2ZQ
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M&*Q41@=;['-A%4&5&,N66)UC# O,H:Q$UQ DWMRHW)B_X?$:7Y97(!Z U+"
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MW<)#ON/W7['#L8(H\9S"LSSN219,4\VIWQ3,'??%*<3@^<,Y]_W4;ZB"9:F
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MBJ.>A.@FEJKHY_N;C-=PD!=NA_CH434@H!25]#=F[[_B,^66[OW/*"S;G_J
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M7L2G-QF,5\OPYE_,S]]Q0I/EBCH-N3^E1!LEB6:B3C*0NB6H4J?6<G\^@J>
MO_-4+"L\L3R21*W3EE+K.;1Z$MP&EJ4\ <MO1G-OYF,?7VR\P?:_E R;DU1%
M<T*-8RE834 3XRR:+HNJZ-A-QJ:4Q#T@WD#.AW=O/WWK3?I_IF%BRV<B">]#
M N-0OQ$1DT!CLCD3TC+>20/?<":.!.8FJI9&X/2^3OJYG^\7?-(P]W<?Y"PX
M=+YGPW[U('3 .]J27FQ&5;9N**%T,8/OIII9V*SE)-;J0OU%+RE(-$PI\TF9
M8$P[4,Y9G@<4R>["_,=RLHE:?/F\,^K'^7I6U/N;-Y.[T_?:"YHH1QTH!$%P
ML$**MM4@*HA<C$])=_^YS:_]M'5>_ P2G84U%30Z!(JX2 SU35($<]8>&[/9
MTBR:V3CWJGOW_K_]>1?,Z8:))!?J?)ZS6G-9TA--K% >#5N>M*:*)]J.[=1>
M+[>?^]5]&M\@PLC1V[?N\S^J?M/0[8_N2<^CR'U?I[97/_@"PPO/6(\K\5AR
M;ASQGGG!E$FQT>9$R$XG]>=ND^HQS&PBMVU1LYC1,+YI;;5MW2GV\7K>O?T8
M^M_[P_'=HH#P97@Y.^/E3!//&"HD,$EYX%19:.+E:#6O%TG)#4=S;_QW$3@;
MXVG&+3":WO4G#VA4CV^^XP/K5FD#/%N#7)=_-QX.[_,ON:U;%*VS2L1<=U]2
M":0'DJ+540M!O%,$=9ENH :_<C4Q^\M?Z8;ZQR<BM0E__&G\0SN]?#C((YRG
M5[UA__8>+>B[X6#MWJB6BDWN$CPU=^DQYL.NDL"GM_OCVI! \"1(CCZ+TBZY
M=C@XBCW=*=U(]W#VO:#]L]."WMH>M 3"D@A1ANBX,@ YKZ!MZ^579B$OT:*Z
MKU:?R$ON&9N;M2]+D%PM%6]N!BA81E</A4/1-$)Z<H7&8UC)4T+4^JLA+;^.
M>]=O>Z->?1&^V@0W_UR^&E]^=EYK^]" @J8%[DW[)WM]W36;<;5A2Z321JXX
M$AF%$-9)UQPM06W16H?J+:V)]^+AJ!P^T]FZ-!93I)%E_:4Y9VCG"R7:!DGH
ML)F"17EA+,Y/XCD;L>Q+7S. +$_K;47I&3BU#H)QFAL:!'@5DU%M=_P\3;K@
M=-LX]%=.-W%JSLFI-"Q2$614*#X@DI#38.;2EH98SES76QID/9%3-%,;UV5T
MG0=#5=[4FV:VR+M^1V1%_L97UK8<9G!YRHR,-,G<UA)B4J'N<J\\<T(7:^.2
M&&'DEM7M?L.CK^YX<QU6L/&Y3Z]C-$@=N/::.E\'VXU1TNABDC@3W$C-7@@V
MNXJX-L(2I*4\HG7O$B?)X4Z9I^7A7D+-5:@M(P"TNB!4U&]L,^<R!NJ40,H]
MS]+;Q-B<!^NAZ#'/%0JC2H9?T.I.=!Z234HZ1B@B85$*&.-\<QX(,86L8$)3
M9B[I/#RE0>/F\Q"3 Z-I\B02'9UHQA+@>1"&B^(\H+E7=;8_"2I903YV\#3Y
M#=[?S0:W/^;H:>VT=,X%U-3@<F4A!]]$6:-<JRK<=_3TGE"_$O6(R(1AS&C#
MT1910D/PPO'VR@/%,&PG2IZ2J#=KTU 'H[F9V;]^?S?'9O,DO'HTFSF\GGIG
M_[0/__"?=UBQBC(\!]XK;GWNA9A%<]14<\U#DAV6GMIJQ#X6EAT 5W.%>M54
MH8[D@\IMZ,B&G#=ZG4>H+S!W8RVO7J*K3VD>%*<3"(MN/K3US91W9V\ W7!=
ML#]R.[#_W)_<SL;S\5R^:<;[QV#VS2%"-X/649F-/Z)#=U5WPJ[2O% "W(WS
M)33N!/RIS[W_%DR%M@_@EE&GCY-;CQQDP)(/G-O<;Q6TH)%3VP:B.1KR?_GK
M![;A]OM4"%T.(X=BZHQ@23'<QP[]Q#R,MVXW0T4TA*F+PC3_AM_Q$Y.;\:1)
M@?D\N"U1(?/PQX7E\BU+<:.=3#X;X4+[%)R*KIV!Y>M1DYM2.38#L0=TLW%3
MQ^.K[W78)A>*W<:K1.)]$L"X%,%YBU:B;+NIB@C+%R'Y$OTO?]THAS>"M '7
MCZ@KQZ-\RY/#0)^_3?K3;^/A21I*7-:5(-@HT$V25$(T0H$R)+41;^)<]]U3
M=_;B!A"? /D+O?;;#WKOC<-=S4$IP4 P1IH@)A.4N'1*Z*^R[;TTP'Y\TZ:<
MYIS2NPF^<_[+]SQ6I3<#R@#4J5J^7WRZR:;A)W3954K)!AY9I('[0&GTK)UL
MD_."NVO(NHWY _DY-=L7FBWV'&Q3;3GWJ*^HH>!,HHZ11E-I!=V9%"^&[1^P
M>^;39QNYR*@!DM!E#! )2Z#:5EC.;BA^Z390CLUXH\?"8(J>[_B/W!'MJG<W
MF/6&@]L\++)?-C>K,S?8I_[=+ R^G_G.7S23$?,'?)F>?\*&!BL1&*^XM"10
M0:UBG''J:3N;@GDH(C!2;X[ [$W#3AJOEWZ^1N(+6A[UZ<@S>WX4(NWP>V_2
MNQY/_Q>MNXX\PU6JA(R)1>,A,&%=TD'H)DD*Z=LT_'L'53NAWDC62B_II3D<
M6>PL D'U.:\G@W8EW:3^ETDV;:D^>"+#ZL6XI\!4GJ67)]DD92CG[6R;$(KY
M>IQNB2D>LLC3XD7_?C_JPW&@XL(:SQ1-7"%$/()H/!^)WUI1X354;.N..A-4
M;6O1Q92,)@GY;[G-^?^@0(2NJ1\U<L>)!)0%C/D9OPZ^?IOE.&<87_WGEW[5
M7.2VJ0L_TL"1 )Y8JGF,,GG/1>2A;28*AB\G\WS-#>+%)@7\9(Q?+GM/8X!K
MJU7@:)%$%8F5FBUF",:XTARQ8F##C,=+9H#^N.<'W94DF;3."Q1^A 5H6FA1
MZ=)*IY.*/=4]C.L(&/]H[+6?SA-&CLM9\LE'X:UV:  %)673W9P+25>ZGU2<
M 3F5T'LB:=6$H?GEWX//8RDG]27"YC*FBQ)])+OY)CC)"7K[:'W:16=>QPFL
M%15M=/>/!-8SD)$[UH,Z(QE/G1B^48NAX<<=U3HP;QF+Z,L8[J23))+(;;H4
M*I?ZR _6;O9=;UAU/@^3WLWL<__JVV@\''^M4FP;.[/+3WSR=(>3A'0V+.9$
M7NG1.JQL3CI7BD;"F&'<L!AQJ[E69@M(96H'V5)(\-1M<,CN&HU'-_=(9;<G
M)IH\#_I487 D:C?7Y214F*"<4IX98KDUTC8&C[+2K1,!%+9ZQ/M"=GS,CW5V
M3XDV*(DN&:=,&0E!$.=8V]: D#(1&='>ZE0_#]K/TSWBH-U-:$A>14C::2 >
M?3/3X.T]*6I;SH!W'IRVB&N_OPF#[WDP1S5H[42CT.ZJ8I*57^,>5B*-88 Z
M=_#E?K9(0VMSR\YU*;Q?QJ5UA-,0@E52Q\@$5;R55]+P[EN&C9?".^EX:42V
M!+2:;M $^2^,2!G0!*#,JL@LR^%JSMNR,^_,AMO]39[;#T=D91/79O-%TN>-
M49:"A42<"8ISM"/:FR'MN^GK;@3R [*WF*)ZD>0I[Y.Q+AHA@PDASYUJ,VNB
M2]T%]>>0H6L.XYM1"P'Z2W/5_ZDW7,OE.R:MR,<R/[;R0Y>H67]G][#H7W54
MEK?$NS1H8X*A&B6FEBX1']L[K$2Z<RNZFR$\B8,?GU=Q7EYEBJ@0#5?62T.<
MMZ:=ATFDV)!KO[]&?"6V(9:2LQ++@R.$"J!&:<4,%ZP)4#,A$GFJKGPZK[/[
M";HON6YO]M"=IM%-W\'WS'(Y,9#87.40@Z;11$HLE;J-&D,J$A<H; T%[5[+
M1ABJJI\TGE3E3&B U=U%/]WA>Z,NJ[JKX0N7KK#\C?UV5E<X#2:W2YW3IK]_
M&R.]O;PU\<T;W_A=[_OXKH>/K'_#KOP1- 8T<SX:$"$/D E"-HZ5)807$;FM
MJ3[[07D*)LX;E#@%$RDJ\,JC<R0#=3)HIGD3&]6,%0<"+I(*]2,<"HM2*9@D
MJWX3'H63YJ)MW>IB42@-6UJC/"<3+_]0@$6+B+$\4$\I$6FD'AJC-]A8=#E@
M[-1,W$S&MZWJ[5>J=S*X7A^S]"SZ8<TB^#C8H[,3>H.:Y2X2*&X"\9S)U. K
MC2PCTV3K-<!6A(Z(ZWDW]@&X*GQ-1EWPT5)EM'!4A4:"!,J*^Q6J=F_<4^-Z
M=M%] *[1>*.4M,9&#U[$9'UH]FO.A"TE\VXE>09<+WZ_\A2B9U8'EA!9#T'P
MUOC@8:6C02UG*3\!KH-I__K3>]KT.YC:JO/[/^[6XGEU'48N"SY*]Z_CW-J_
MZ]790?;VRR!_:C#Y+<_SGCTT[N)R//Y(#0"V)80&)ZFG)%=G*!)YX+0IQ'$1
MEF_ AE_^]2%^_%?;D!LVDKJ9GDV4XF9]<YMS?*?+#9ZK%;P?^?YDUAN,TOW7
M0>X)$.ZGL_;1"?=.GEF 8+_-]:J#W'1W=#U$!.;]&O!#+Z84Z_D:=RO./=$)
MT*D07ECE@;43&"+1W2/"-L0@3DOFABU478A\;2\GKWKUK][4X_L"BY&W7&I6
M]R<$#:]$"8O1Q!";$(@/6JYE6VGX678RLQNCXX!;-VICR3VN=_IF (2S%$!0
MDWSBG$2T]-M[^N34>N8@ZY9,)US^U?UD4I6\+)+33HM(HA' @4J2<\3":AYH
M8S<:3MD:(AMD]4$+VP!2[KI0=V#([2VJS*F/_5D.1E997^CK]:HN+N_</U_2
M8)S3%DLN6GI9IQT)D2;"?&Z^YE.KASVU;LM DT< OX&Z_G^O^E/\8!T;_??]
M9#"]'ES59DJ_BI3.OO5F?XSOA]>3VF^?]&_N1]WM';94@.(9P'6AQ(H2E$V"
MLC:I#^W);AU#-MSI'_K."PCJ4>T?)KBEQC=5\=JUS9/</_0&UQW98VT7A:>V
MZ3YZD2:#GRDW_.WONXK;A+<)\39.&^F51ZGJF^G3AC.R;KLKO1JNV@;8CP@K
M_5G)G:#&/+>*6[#<!XDT0)S/OD50!7%T'50MZ*-!_9A?[?U-Z'^9?1[[NB)V
MWB1CHQ?9PC$>?<T3P:L?7L_Z_G4P0K/%HZ@8[-0XDH,/@:04C!,T7R_/)50P
M06H7.T]O,QADRPK:1?:OAKW;BH3/$[0*$QY6Y,77"NAFD%OPYWD6EVW,OT5$
MUU>R*PG1$2,)H]H+(Q(8*B)O1'^@93Q?+$<J]D7MSX+RX[SFK0[2:GPY2685
MX2GQ/!TR409MPPJJH>B<3-GQ22JKLUX0,9NWOX@H*(%:M "(9$PJGQK/,SA?
M1$#U'LBN%%O]B&B>:INCO$F.&TM,BN D\&AH,X<8?8Q"FU$X'AGLI9*QV3;@
M0EA>Y<]Q1RDQP34]C9()M+@TT6H_--F/C.;)MG9BP8$VN,,]24HE]+@\(4X9
M3X0/Q0WAOEM[B8R=F3%S7[>=>'^,AFQ^V)LNDBG?WV1D%Y[HO'_JD1S8=5-[
M/)VN; #W4-.,-F7[Y=4)S?E'WH^R49J[93;F[V)/[<I"0:K0*@K**F!1\P11
M-4V$:!!%TPF08H7%;?D^S\7?RXI8;,J$D*B6I0XAF8A>D-<*0B/JB$\==6)*
MOC)S1&8..93Y^4W#Z\'H:MP;WJ+P0(;SPJN0/'YZ..C5PP-W[ "J&"HZGF*"
M1&1@WM%VCB%-O"C9Q*.ICKD#EE(I-L_"$.BV2B<5HSXQYCA7=;MJ!=J!*/-U
M)%^:A'',5SS10 L&P5N( E>#"_4\*%H?0VVBEZ:\]C[- O]G"P<\>'P]XO*+
MBL0I$_,1L<@!#Z:8] :*+LV6..8KGH@#HXQ-X!UZ](9IP:VM0_-4Z^A#*HL*
M3[! M?T<)%[Y65 U!(N:Y,ALS0%3FIDBY'""=SL1^!%78BA1H((@5$2;YM-N
M$'R%#LVI5[9MYTL><[-K*XQ*,NB8)#'-SO>JW/DG>+<3H8X:7C$60QXJ99SC
M2(%LQ([6MI#]3UC9HKU*74H[06TUN>Y?=QURV+K/?JCQS2NJ6*20!XQ0%4!'
MB7I64&A[Z1HH<K5W6V*;4#\75S^FS;8Y<!""1U5(!=4)[14%EKB&0(LJO@@<
M7 "!1\H)_#$(3 (<A$"53D1$HIPA-B1%&55)=S1'7+D4>F7PF'Z)()"0"Z>=
M3T83+JWF;=]AQLL^E9=PF/@E4?'<ATFB"<%84BI0$+DM4-9L:'!DMY)K431E
M_6GM\N69*#Q.+N^/02'7*3 2B)0^"G1-+<P-1#R$RI<#9]GNT,"?C,&CR4/$
MW7G.E?(6S0OT <U\N"-286TLKGCX[@CJ;BKN>@\5 #G#\_.D-YK.W_L-@CY!
MZ$?]NBYWD;;QZ+@"48D388+'-07C*'BA&6@BJ='1A;).E'*YM*['O^$I5G<B
M_XQ28V504@D)-CD7=:2""!"6&NF@B,[^=&'@['"L0TA"<<.C\'FP-401>*8^
MCSBVTA3+,ZQJ1']9JSL1]0*1"40X1:5A0N8 CVZH5ZXLG_[IB. L2OQFXR_]
MP>W=L/K;NK0]WMWD+[WI34Y\7*2TWLS;1BYE8:///YWN5QU!B$973+CDC4-_
MS'++%UGQ=*4=_&2QVJ7XQD8$%B!-[X>SZ?N;18+[/WN304X3KQ#N3V<U&NWT
MR?C?N_YHNMXQX6@6?&,3=+Y%=9NP?N&X]&NV_O##APF"/'FHA^%=#?"/._:N
MK:8/)V6$C$XI<(1 DUL7&)3A^KK%? /^H<B>B)NG6Q.7Q(T3-ND<ON?6,RF5
M-D0VW%CM"F[0C. 7RLU1ZADOB1L.UH%R7$MOG4+=R)QKN %FRF+=W)#Y8KGY
ML<X-AV@A*%5U8R*:<1?;).QH:-E'@U/]K-S,BS3_#/HF>4D)]UI+QZ+5+.9^
M)TTNM[*%:R30H'H"-PVR)^+FQSHW08&2"9TY08R3Q 4J8\--0L._D&E"<+A0
M<GXXA>-LX-3D*^4HK;?4 0\-.<K80J@)+<SE<O-C'1PTE8-6C"FN0'!*DZ>I
MX<8Y7P@U$%H_Q8HNR<DE6N]O\,5'5X.[WO#]Z,/WT=?IK^B%C2?OQK/-XFM+
M'@_Q4H@0F>?!.R5CFN<O:#SU99HR?E4M+6GG"QWAW4_DSEOTWC5G27*KI'+6
M45(G0!IAG"C%X%E7OB-,XX)*WK'<:L/[Q#C18<Z:$DZ*(DQSUK<^$5^*)2%E
MU-XF(R%6;<4;OB05A60\9,U5OP4[&MWWAJG?5+;]WIO.^F$PO1M/>\,B59+7
M73'DA8TV/S2)<?[43VCKSM)]/S<06%G_SNX'-EH2;)+*HGEAK"6ZK;Y%DHK<
M\):EW= W-'WZUIOT72[ORVBB3=Y;"YNYA\5'/M1!-_M';W*=>H/)/_,84SN=
MWM_>52(X6_57L_[U;_>]"0KAX4,8Y(GMHZKS_$:)U(!;/7:M+7CN[YZ?^&DV
MOOH/PO>A/[D93VYS=+]ZK8[L>KXR#R998)X)[[0"2Q/4C=!H$$D:LI9WB ^O
M'EKUD*"-=#H?0I? B3HY)\I%85'&>"VEU=21K##GG$1080LGG(H7Q\F\G+2N
M/7U_4R/T9I1+--Z/=C0H746_'536C7?[_<^#6>[Z\69TG=>!(F"UUW9OU*O?
M>'=W"ZHC4990GIPEQ@JGVL.35GJE3ZOWR'F[3 %](D?;$3LE(9^_3?H730EW
M1AMNP%&G6?15WD%[=NB*@=E2PIAD)Z2DPNRDI/PQOFA*""H5)0):4,SGE'%)
M=$-);I/<28DB3)Z0DC_&3R;D?2T;W]_/IKD;4+:(JM]@OXR_]QM_L=( 58^
M0QB*MW?#\4._7SVE_GT[+[YBXBS8D, &B3:LB7&Q_^U*6\(&[*=J\4<"<2S@
M_UE-['DSJCNH?![/T))K=->C_5(I5 S&2I%,,H%$"W0NR7/A>#DMZTB8;5O#
M\^"TPQ.D*7!)O('@<A]1J%HTSG$2HDR/? DXY8?G\,<^UEYVCM[U;I?ZDBR$
M:-V:/']B9T<.&7F>5*X5TQQ24D2E5B)RT37H 7Y^LK6]M,X5S+YL>=:7A\5'
MEI_U88(>U/A^.GRH_IHG?*\8O?&__<E5=K'>C*Z&]_C]P:@6"DM2HE[:)6NN
ME/M":Q.3LE88CZ(UU-=Q00=.5WKG-L*4&ZF7;8GG!??D//^"3YB]<)8%:DRA
MO5%,A"S^(Y]'M_ T<B>Z5.8Y6-X7VNT<_]'/P[7[UW?M7(D<OOXZZE_/QKVK
M;P-\A]'7V][D/_W9+'>4V]1M\;FHHBO3C93E3CLNK*#)4>KK-F29**2M>T2<
M)-MX>CP\1X#[;H'6Q6,.$@2$X(V15&LGC90MY@:4ZL2</QWS$J,2^*NEA_:6
M#]RT_<@\":Y7';AYSX*[NF57SL'-S1'QJ'7T'FZ[FU5:WE:OU;^>UHWDJW=?
M?;W9X+9_,UFV#)J?*3Z*?\N_(ANE>(XSUVO,Y<AJM9+JK@D]ERJ,M,R>K]Z]
M^OI>K.?W0:UQ=9\[M_X3EX_"9YHC.%F2>'S/FS08X1L.>L/W-S?X_8YNTJM"
MTP0:0"OI)42?K"$&VA@5T64A*E6+2MD3,/BC;8YZ8\@7N#$"X)ZP D PI:Q2
MT2O?; SG3-GH8RE)_:0;8SR9?9ZWTPOW_<_C>0K_A]YD]E#*7_G;YL;CG_O_
M[4W;&Y5JU,3\HF57*@0"(9,G##VE/.$-K*SM24=#$*Q([^)R!9QM*SATG=O2
M=P]>)Q=14RJ)4(13*KRE/#7K-*ILGW2J%=8+Y.^O9I0<O,JE85B+7U,E5/>J
M!.JI>UC^SLIQM'AFAH/\O?J7KI_G^R_3/'IX-(O?^Z.RR^/:]W?4A^3 IP=#
M6+Z6%<QZGU+CK2ABBFJKLZ"^$$RCZ7@XN&ZQ:'I!M>9,+[?4ZT;^N#@!I4ES
MXZQW+*2<\R((=P'%%3$NA*?MSBHV$?HW_<D$K9YO6:9/F\*@JCUHAZV'LF:S
MR'"1,F]12E+K8D+;U]?!4^59[E#6E38@%GF'NU_GB2]^JFX06@<MO:$H05!Z
MN&1L'<;,TVFC*\K.N!9@^ 4L^V"9Z6.TT3L1HC$\-U:DJ3:H'(E,T^+T,HFG
MG)YIQ6O=H=<2)8*Q1CB*WK*)C'/)3;-#E1=EKSPI.3G7#GUR=<KF97M".7I#
M.B:(@>5T^GE^B%7 29'/PPU1E%S L@_>H22:@#LQ@(LD&.D9_J?9H9Z(CE+0
M/!CIT!577_\P&:.%C"\_NGXS^MZ?UL68CY.@5D>)HM)28I36H P%V^S/D&+1
M/)LQ)N3::V]YF2>]](GV)J@D',?C2#QZ[HJ""NW>%-06C8RH8DR;9U[RP?O2
MZJ0BEY1:FYS/F<;4-_L29%DC2;F",ZQUF\P4ACDM#.2^X[GO3H!YA@?N2:U<
MA[#G8.AY7OI$>Y)+F:_9-=$I2N6(MO-"<M3H*D!Y#(E41#[SD@_>DRXI:3S0
M:$WTW@=!Z\$O>4_2I I965?M/G:M2U6=^(DPR/'C+_?9*?'CZ?I:]^BR%Y4S
M69B[Z(1$RQ/R+/EJ6Z*$\+IL@(8NWA)%.U[GJ:]]HHTI-?"(.DVC6L/M"3P9
M:!J/,:4+^\4P@.=?\\$[4VJ7O#,>;183(W'<SZ6E=42A("I:3"DNSK/<;??.
MV:02(DKGG(>$/Q$6.U.FU&%M&7F^US[1SDPY6=YJPHP H3GUA/NF.5L>-U (
M$:.7#9?G6O3!6U-$+V.PN49;"AFE!*6:K2ELV2,8%:)19UCOCIZ,:&*1Q%/.
M!*31<Z;!\V9OYFO^4FJBE#G;:Y]H;WI'<LY,KJYGQ*ODHV:-U!2.=(R5I>1\
M7)W ^5%:N("^CQ*<1FJU8[;9FU3JXKY#BN5PQ"F7NTUL6FTU,&]SJ$OF\:E(
M5[,U*5.%T24((^9LKWVRRHT ,:)I#8QH':Q6WC1B4PI66#$,%WVF\W@2L4F%
M3@SECLNV)K,J=X5MMF8BII _V8]XFIK8W$+DUWDOH\%ZO<XN+QV"T,0Z[H11
M4D8CG!/<&6.(]526I E*.Y>PUZL=<4W;O#QBE451085*H'#KH<>GYVLR,L7R
M*HR"[):1>Z]J'A'_?_;J*O=SFG[H/>2*O_G FL=1HE,N)W J!LB=;X%I.Z_Z
MB@RMKV)?:7SYVN;:_A8'ON>IS']ILD,*: BC2^Z90DNC]DNU=B:4%; H1N4S
MK/)@\9"$11%H><P#"AFRF.::RT&@M*/!/])H3K3 ;:<%52HQVAAGE$<UI<&)
MV&PW8551RJ61('JZ]SS1=M/9QTPZ.!(42CK0?'XU:I3VGA8V/7HQ6C_#*@_>
M;DS*P%FTUFD:I$3+0Y+F[A?/3FD-HWA\X@*7[N%0##Z##"'HG5G*I ?T.[5,
M8"TTI(8@RG@K \VVK;ES1:=%X'#+F%3Y\C9%@OZ;-)3/L_*0<!I)Q[6 >8ZU
MG^Y()X;^GY81@#J?/,M3 !L-PB0KU+Q1;.N&?P8 #E<NZ/A)= (%XR0D@3(9
M6O(Y>DDE^6RK\MQ[[1_[5_W!]_PC[_JS@\P;9=#,=#3G24!2#%#+L/;>DKJN
M&5_0K6^ZWN5)[WRJ$+S)W8N4"D9$'5E S9K:*TM::M@<0>L^JN=;\<$[$ZT&
M_)?RD*=.:110HA%+)'*6"KLN^Q/=9L]Q%[OU*ATXH\Q(]%T3-TGA/ZG9DH:5
M/0> J*;)U,E?^E3"$V''):L4DD?7U1J;U"+1PQ<W82I?N3_SB@_>DUJCT6>E
MXP*=]>"4%DRU-^AH-Y7WLFI^+73 8N]O[RM96ETDY?>;]+_U1]/!]_Z;T=7X
MMI\[-> /O[_YW/MON7ZQ17+BB4W<>12'(L7D G>Q/EJ>H)MKBRN$>E^OK^,Q
M[W?LI9VJ92N"(IS0$C>Q2<%1': !QK"RFU(&1A7Z\.4"4R8JUS5Q^?/C4;ZZ
M7,V.7+QPZ-_DQMAU<Z19KJ&;VNM_WT\WC19<N6L%(94,0C+&G6'H.RY0MZ&<
M0XO'4-,?:#L>CCJ^U#]&DWYO./B__M(%\R^]P2B_\Z[=;AR:_,P#89$8FGN'
MZ 9WQVUY!: 8OZS-_A3@&I!R>^70S_4KU;M,?KM'.&\>\I3HWO1;&H[_^%MN
M:[P+3&>]<4I"U&B(<1:(CZ$!4PE>S'_C_&*0E-L278+AV0N&'*J)";W#N7K'
M93%9]JS_";_*"YOS.9=VJEEST1C(?2HX1;_"H 7NV\-#@^M0%6C+%K; RP7F
M>50%]2R ]:BC!4G.!2?G[>>R@B:TB%7\I"4K8]I_1M2?IBJ\]> 8$$0Y.1[1
M?H16#$#JZ&O,B+PLV"](50A(7OE P%$:C226NM;\!LH*-_XG7GKQSXCEEHB,
MS3?LPJ;H/:<R5Q:V-P#:E*5C/QG:#$&]D*6=2%DXG=-X&=<0DTU6Y[X$3801
M1.P8!4$[X@(O%YCG41;$Y9"?R6,X/ A'F [US:"+&F56D3SQDY&*OZ+^9&41
MC$T4[<7 +2BMDO/1M+A[7>!>QQ8N"/4+TA42O$C&D^2MR.-0'),MEL&1,E1#
M+T=5;(N44EY=-# O+(_.)._G;=Y40#%9]D;^25-!+D=5G"Z>2GSR+N@D= Z%
M> 4^L?9^F:G"TD)@Y 59N$^?)O0LJL(D8+E?*N,T7W9[K0":8\82+RZ]?S(,
M)=LKZD]5%5E)H$ZVDH1();..1M[B#K2<+0!0YHP\*^P7I"NLC[F1:8R2QT@]
M&CW&-V *6CK'0(X7@VKG$'[H#7 ;^-[=8+;6_?IT5X5124NERDWH&46-XIU0
MS24V@"EC;X+#>@Y8]P(.6N-)KIZ$%S&!50ZTXR:G@C5I.1"<*"74H6ML!.;T
M\WC#Y[N; E43UZ:#67\N:>I.?Q_[5^.OH^HIA_4K=$Q[(8WTZ%N"]-X958=5
M-87<@Z\<#+-^,W#B%5T">H\40GZ]Q\SF^\X\Z\THHSUH%K4)L<G$IB 44:_H
M/Q[]ND_&+K,_.F*-<T0J)IRPC,M:+VI EZH4Y<\+?#.--HTG87S_979S/RSO
MN0_*\0&C(K$,_T>M2EQ)-X\H:4+!LT*R UW/ 7G,NQUW4:>ZHT9WT,3 \C!U
M+2-Z2[1.!S9>)FTO%Y)M[B!CG@5!M>(,_1]!N)'S>NI$$^J\TG21[%(6=:H.
M*C+FQBG$>I J>!^;LM;,,R^3-(X("9KS[V]^[8U6I\76EZX,_:KKWM6D/SV2
MQ]&8FNVD[G:T2.][[]_C=W4[3ES+;-;OO^WA_T\Z#.&5EH<YG9,+#YPSZ2-E
M6K>S8WE:Z7&<%Y('+_W,S1)P[?I74,DM+C[V9_.QLN]QC5_KL4SOQJ.K0X0;
M%9"T1H,5#1EB!3=NWN])X:D.92HY4"5@[2SO\5)'6<2I-CD:M:BX@A%>>J.X
MHJE-O'8=]6U T::%"X/@\,(O/.&9:VL1!7":,S"-WZ(%+]+)E.#/L/1M<AMM
M<(FFH3&124-Q?P;#FRU,52@,1&"Y8?;S+.)4 3NTD&,,UC,2="#*6@7-W8Z7
MILSY9*CF](5!<'BG0.*9M"0/%:0B)('[0#1N*8JPPBU5^@@"K+,T<<LF)23E
MPFX:A*T*=C29!YFDLUX6#$E.6%7'M_Z>TSW?I/0(W/UT,.I/IY_Z7U>5W!.+
MN(D)@NF0B*"2N9@GI;<K$V7'0*Z,*9+@3[2RPQNI21,@),5H4)QPR$VHZD4I
MYWPI%8%)J==3:TZPJ(7[/+D;3_"33?.K71G2RCM=)0<!R0%.1N99^TB2)[%,
M9&<YW>K@Y6RV-]"0%!I_.5,BY3!2]JV:['22H!#6,O=9TH<#>RJC@9%<),V%
M9!Y?T.5 EVO*(- R+O)%N9:H.>5SK>.B9I):;\$*)8BVJ)L<M5*UP^,Y947
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M"P?JQ]69R4=LO0MXLJ#6<HP%-)N,$31)8&M'-^S#UXR$#U;.+PIG<V76-CE
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M-.\78AH CM&F;"5X$<_K/ HRXG%$![F^GU6PT[LL)@3SUF9PE:&0+ZY87TN
M,0>48S=\5NOCNAL3CK[0"27D9H6YJ. -5L]W5L7WP\$)GQV*OQ'>30_YD6)4
M21RJ4;98\)AQS"05CUU=B?/^*]/?R2$_!G&MWJ=L,'/0L8(?!]Y45[I[X(P[
MKJCK\%/25E5+5L506C>B1>:$=Y"_WY0+A.^W8$+('P7DE%) P&9A)P$8E]$J
M&2Y="/8NB5U#_E)TA 35F!311Q6=NX,UNG9!%_-SL[Q?NQBVF"IG,9BBC!;
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M8[4#%JS/C8?K=#*?_W%V\>F1N-$]<2%%%9.NY'U-%8,K ? V"/(!!.YVJ2E
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M8=2<R$9=@%S0D0?%0]T/M]/&(>]1\RZNKN<W']N?_?;BP_SRDWSB=I+CR]Z
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M(O+"!\=>0K$PF&4VJ<NJ6VOUNMCK8-BQ?7*W&NV2KT%\+"0=?8AIL-QQ7?>
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MY6\_:?O:Y<?GL_:#<'$:/E_.K\_^>_'KCR4+GMBJ*4@AI_; *H&F'-ZEV_8
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MS2S^,?[P7\]F\Y/YQU__^&[V^^S\P=>-G_GVXK>;ZZO%!_3C7_F7V<G5S2U
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MG+R!P>_2>/R5_]N+CY>?9PVB+=)?WUU^[+^O39[XX9>?3LZ''J#'ZP;9&%?
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MW[;,'\$QJ8NEHT 5@DA>6E%L&)HYE1---/3G*SB88Q*-X2 4!-IL5!0B.C\
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M_7WC>F'7?'$)4!3[GXDRD)907_=FA$1%Q'NKFJ[7A^$7WJZ$>^:IC\"#G?K
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MW_VD,\WF.7@^H;9!%E-;&^K^HTW5UQLO0X/'R@:YZ70X-$73;0MZ]A)<SKI
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M> P^LO^/+GE4=:"^=QI+&!F@UR@>#!..Q(E=Q@I+49E=8*<UH ]4"$,OZR+
MR )VY>@4*)IK_YY [8T&DBK98@5D,<AZT:WQ!F7E]JS$:?%C.AQ&!=9#;:WD
M8"-%Z63?Z C)NI%%C,)LKY:>RHGEHD^,\TG64Q#?G_WSXM/MIW"U6EW]4=<@
MG7WFK\P2*-]5MGZ[6MW\TAWUER^?[X^F_+3X_>KR]WJ4^P=MF/K=#^7>P#!Q
M')<228RQHEWXH/O"@2NRS<F+[C__\QY?'\^AXW!VGY3-RU3)AIE,(K!%*8TE
M%W ]4S&VN-V;;=6GPM-964,ILXH/TB K;F3GTF0UL$;:%A7R).2M,^ _7/V^
MD9[#/.C[![G[(3]\/Y&YRF:H^[Y$+K84%Y)6LF>NI'9EB3Q%WCZ".Q/9XYP,
M!DI.!2PE&Z,)FY15LHG_V!2&X438@^*./?"RLM>V6?Q\OEARV'EU3SGT?UFN
M5HOSL^N;O8(+D#DF,T@Y>8O1!C%8(2G:+AK2)WDUSQ7=F;@+'#<">=+ @9*S
M)+0<N%N":<S1>B/@G-S]:?'I[&+)W[!?,YC_D#^>WZ XD-A74_;=>F/EO1G3
MOUZ=GUW6DPX=$-L7<ON/Z\7_N^7OR75RJ[&&6U_?TZW!'CWSGE3DJ V K!7:
M]Q?B<SNZTKD'>V[C8:Z>[GT<F*]91HZ2P,LDM2#I;1X$/0K;[C]UING].5G&
M/MZE/2A/#4G!<6=$XR%Z0J.EZ7EJI&@<-NU.3U;ONOZ6UU>7%Q]8N7[H$ZOW
M6//^K 9_QV"KLLJ5&(O7DNJ".97+(*K!MVP%L*<GJO.P)LALK8E!D0/C,?";
M'E@#I6WZT:0.*')79\M://UK1=_^:F/O'3#!=9]E_XG%Z'ZGS68:!_[];'E[
MMOI"#_MJS\5;^+?%L@,$KY["Q=5R=J2%^QZ%S2F6$HOR J!.'IAN_I_51)*A
MW8^)8Q'N$UG]F&OZM]75]74\6ZV^3.S ?!-(& )#$456'T.HH*4TP@U(&*(=
M?])Z&PKC"?P]Q+5\=ZR'<Q+78X*@"H-@5+8I.Y]R!W?&UQ.U' $J:17<,^[G
M[M/A[/KB^N?/J\79AQ^77[^UE[F<E]9JI03+D9(P-KJ8L *@;YY-\24H_75A
MZ8?;]8_Z5U9H!M76O3R"P0>Y%/,?4!;_6-5;>;N78B@8298?B7;29O3.;2I"
MQ0E6;6K\4MSS+V7YL<]]'L:"?%UH&#RD^@WAE^__5G]5/:;_N%JL _\]*L06
M9DO)WBD?$4T&Z,8>:Z3C4^LC"==HD#L"GT;XGEBZ9CFJQOCECZN_+\Y6/67[
MDW/)J I:IXJ&:$4!$93 E$QV2K;(I7UR;LNE>")1E2;U'U#/O/^B.LK4(RYK
MBS:3R5F5I+.91;GN +.5-D>)QF:E0!V*-M;;5;R.+JQ;](,)KLX6H!0A"E6,
M&R9RBBMML#/N+NZG?U(GHW&6X]@4G*Q-!05(=Z/MM3M<NQ9CVM#VN.;(&:8<
M<:8BL@+V )UF4;/ T28&UX$!.6-%R(T[B 1VN_O]  3NJOM[[[(T*1!X*3Q6
M4/H\-*DYW0"*5;"?[4F"PQQQKC9\X;6R*'T*N1BEP>JAGS1FV:2FIA%6SBY6
M_WEV>3L"_[?K!83@K3#2D"D6DP\<PVU>0#2LM%3S/FNKN=["$1T]QK1SSM5+
M@4H'P?XUOVE61_S:NSVS3*6 TO8-&6)E;TZ3RD%3#[\D?!G^^)<+=MG8+?OR
MU\7OB\M[J9CA,]\M/]_>7*\_ /M Q5E]^Z"5"%+PU6L%L0LG^146:ACWUOF%
M>R%QG,I"&\HV>)0A]%@I+&@VIM;<?2N"1GLG$"T[^:2\L\4Y5[=;QYYQ6;:[
MF5X+O[[G*/UVL]YK'7S<'T7OHO6?%I^O5C>+#YNH??CN='%]?GE5OWU?+Z L
MHK#4F=I<P58T@<\]\[S)+1**)G9UW-&E[AFHBRE% S*SRE$54%%VFZ&K_O8M
MC*K4EO#TZ#NJYBXF:5 )R.NLDJZ)C)YE)-OU*6^85?N4M@E!1J>"B\4)]%KD
M;A](?3[*-;KG&Y"N?>J:0UIM%;A2E[]J9090'F:9$>T"CE? JJ-HZIQ#%L*Q
M&ZJ+D2DFW4'F5?] M6#V$H7=[E\_(/^.J(\<1_L$55B<+R2="['TGJ1SI0GS
M3I_B?6JE*$ IV:T!I0J*"@"A^[M&G9OQI+E#JR.JASI$3T;7SBZ1=!*.@XC!
M7EMY+/7P4J]<N[K;4!5C4A&)W3+0PRN/I757D"J(\<,YC>?P85?JQ7)8G*3,
M26COO463['!.%44[0Z*TM':>:&6^_$N@&N.SRI$1@G7!JKN8+-N1%*PA+;9P
MWD^&RF.J[! J.&^2EI]S2H)TH4$\,KACO.*3XM<^A5]K&,((]KP-1J_!Q Y]
MBDV<23 6_'\;@K;77'C0H5@J&2R0A5C=I$[07/0-XUX+OXYB;,@KI.P$NQG$
MQH9B,$/T8G2+]P\LC.2.+W63@W^H8$D!C2VU-LC>8NB:POA9955&-N@89XYO
MI$XI^*^^=J3$\6S44MB,MH-;JS+AS2Z$V+?&JGU*.QE@U:.$!+!ILS6(>NEB
MF6LZ<KX!Z=JGKBNF;8D$4K*(:6V]Z)9(,\NL*\=(+1V:5<<)_HM-2D3G%4N6
MUA@BW;U*MG,M'I=@?LXF:L?T) D,RE),], 1A(NJ [6J 1';HB-)S#%SBD5H
M40QDBTRV-9K$0+&BEN*Y0ZLCJH<HE::ZEUS8(($M484FZ-0#^';.\W@4'^65
M5Y_+**F2"]XE4==$^9Y\;7SCCZ&4;$^>$?Q_?W9SNUH/-/#1S[ZLNZ=__/7]
MZF)Y?O'Y[/*[Y0^5-U>7ETS<+W\L+G]??,_\^NT1>)SJ?DY#N0JAXJ,(@A]P
M2@/,;'+49K.T:M (#G#HHS#A91O\E!* N2X8$2:$E->X\?U\2&Q!C.'T&#V=
MP[/.]#W,\@JNR(Z=SC8B2*.R&Z:GZRC_(Z;RGL.BR;SN[FW=;/G'U=,>-'E1
M$KMR66!0EI""ML,X?C+M\A"!]!RB[Y]U,LF[:#U(["F^3I#*F+52S!_GJ*H_
MZ0:E1T4V[7-3>;.'*5/AH[QVVCCEDD(IA%,IP0"I8X1M31& (RT?O.,'0%(>
M?]*9,KR22</BA9;.0,H^89<"<<9&T;9Q CDG=WC6\]$Y.0EBE$@!),?N2<HH
MDP<80&UC:J%1]Q0.GT?AKII"QN"B3KZ.,TO'SZ1?R<@R%U4[B(MHD=S#>N79
M)YT+_YT#FFBU@,".?NT53C'T79T((]N']J3=YJ-S.FH>^CIT29I)Q1S!V3+
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M]K:BHT5*QJ**SHI!Z&V[R.0=@K#N-.YYAE9\Z:+-J#P4E9-,0LK!M2DEM-P
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M!A*H''9+L'T0%3RL'9.UJHD6IU*T2RW&E$S,2H2*5FV%H]2-HK,$(;;X;ZP
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M:B]RYY$.0,"@Q8=O"%^&/_[E8K$Z6YW_]N6OB]\7E_>4_O"9[Y:?;V^NUQ^
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MH.MP;E-U5%M0K0<[^5'9,5=1G0('3ZDN5C%)10"$31N!0Q]U:#7JZV?FSG2
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M-0-88^D6BW16!FR7F^[<S?H6_(_QNW*U^OGL<O'CKS\OSF]7ZQVXD[/,,I2
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MX'!:_+I8K18?(O_WXN;ZAZOE^8Y-\@_KM&RIL$,1LHE .2+FKDTH$?^Y"=)
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MS/# J@$^3Q -AT\*C\HJ32P%7TVFGB[=]"N 9&.>YVJ>ZYMN^Y HV'-OM6?
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M$A//$$^'SR#!UL0TK=]S&@5@"_'864C:YQ8^58BKI\I*-ZD,3]. :JH5)=8
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MKV] &B@#DEV )'.&M96R&.SB[(H)OD\:# ONP3PHD%;!VK0NVBJ9ZIS\:BZ
MQIEOEA+<^&8->W](;Y)^6"NKJ>:>1*".BA(;W7*B(S:3?DQIAF\6#$<Y\%"<
M2((0B#DM>-IMR&DB5B,%.> B%_::\:$Y<1!IZ".#)TLFE$^-"=$'I5?2$.73
MUZC6XGZ0_CP>?:YJE@XR_+1AF"&PYX.21 BI&&YV%P8*PB KI 0@MEWD70>Y
MQW&'VBMOL+,D:!$5MSXXZIN5DUHI+7,Y03G>3I,\)+"'<Z$2UG '(L-%S2-+
MVS5K+B0^C2/.:EAV&;G'@O+&'C[LI!8V"06I S9<4-YR8#(*\^I-ODL2'O&X
M@SD@50*4$^2 ,#Z O5=?-RU5M#ZS!R6FN\REAP#V'KLOP ^AVO&(%$V]2DC+
ME@,YP7F>Y$A0'FH:6K!?B>8X2JKAX#YP$5HF="BOA6/)7=XK"&\MNA_'0*0@
M)G14 0!W$6D.]I_JQ*%0^8890N56R>5C 'VXJQ($YA+,7V$XA@OH.:<M4X(&
M[%G)H-E>OCP*N#?)1^#!"(I(&Q\U5H$3TJR1 =8,K*>]FPO)=AFW1S_V4!8C
M9ND".I8FS1%&D,"D94VA9*;!@#69W*NK!P?Z\'96KJ2Q5!,BE )9:< J;.U&
MKU@>#J%DI]FX%]S5!MEJI >\?SR;U@5_\W?G:S_;N5\HP;KC.7;]']V@S?2%
M;B?9QXM1.9Y^>=\LM<VJJWJ?.[?7Z[]9\=GTLOPT@S_WV7Z,XV"T]V#^$0_X
MY5[7 TBD#R#6;A@5?P>,??.(_C2]O-H7\P(_CY" <=#8,^2MKMO9$Z8)SGV@
M9XWI>NZF T1WV91[(+ABY+V3HB-."^<QLRHMU19&$=SBE[J\W2FS(+]O'-]*
M6B"3*EM!J6ANC,5<*Z):'#N<K^#8EL7?/8IO(2>(-8ZD*@IG%<-*.5./($DX
MYHCW-"@^:R0WII =5W/3CR$K;H%C)S!E+J1 %/%"@K&/;8MC@?-E71AMI_6^
M;R3?SK2P2'L2O;31,^.5"=ZW&U$Y)_D.9X+5MN_XW:/Y%LQLA/:1!P[N#_Q%
M!L(<[YB9]U0Y<_TB,E:^R2]OWR]F[W]YNV\&&^(6D.S!]\+66LD#0IWYYEA6
M-955?'S/. 8FOI4-9P4/)H@TR@9I@8-W4K9(EDSUR.6G@.3_>8H>R2WD<VJ+
MD%$JJEUJM\%$Z$X^,Y(A^P71ATIH);5)(VQ]H)(:IRQA*[/9T,RD>]:8?@S7
M3Y*T'<A@'S AF@9 :HM?Q?+T 7[V<N,1?#]B TN)4$D,85A39U$7OV QG[?T
M)-SKIX3B6P@*YHCU&C/AD7(*,8U6C,R]Z6'D[13E\\+RHSA_F$<7:?1<86'
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M\MCPW70Q$?-"646U0Y8S(PPH_!8^0C<J3-?@H^C)P+='/X)&#\&!?K A2A6
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ML/ UL2LE5/R0.O^)O?))=8/8R;64U]J;(HB .8+6+#R[9%:8YC>ML?.-?=1
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M!$B%:45'*>%]6/$@ "48A>4TP&QE^3@'#\V!#NW?2!CN'F@30>R!+?J-3X/
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MRZ=KP T+PWF% FB<$"A?JY ET-7268WG[D'(R2XQ?-MJEV771?/S<E:G'$Y
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M[?[+A(D*2Q=#8,3^D33)JW,L5.474$T%AZX8BZ7\L*[?+#V6:PROX>G%C5!
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M+*-<?Y+(T;C$]!^;\8X4GD$W&-D(X34-TG5S*PEN-SA#4DRPD_PL@<"44M:
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MYQ?_XZ90CT"X[;2.P3_IH([?I/44T5H[8Z%H09DL?6PRZF>$Y-9@W_B:^8.
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MA]K!<X+^C"U=Q.5^C;H>K)<EZ1[V=AP](DN!C+WK"O*+)5AQ['.L]=7=U^X
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M<":>G1X=/#\Z>GEZ<+1W>GST\@4>!#P3+YZ]>/;\\-63\VG$QB\O[NM*W31
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MG\[_4(BE6-8@#)QY_?"/T]//G43/:X3A]'>;*BV83!VSEN0L$F"1FSQB%('
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M[+V[=C60#AWN2.[&-0A772 /-;^_C,?'T97U@PU^[]G16MXT=Y[ X;/8/3-
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ML[=#5P3"G][W-I8.1@/TS(1>.<JS2)WP(I(5G['D<RY/><_.R%T&I,ZI:UY
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ME=(](S^918G/U2*M:&R)&^$'#(23<12?)"*H%C&Q1$Q?)]%M:/GYW>,H(+-
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M2._0+F@7M O:A?0(TB,&>8LT[K?II Z5:YQF]=MVN]/5I53&8*-F\P0K!)6
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MK:XX[%UUI@CE*'?D.CUM7H@IXUBWLP&? AP #@ '@ /  >  <  X !QP$!R
M2EW@ G !N !<H#\YN(=4\B[V9'W[]/'S,_"Q\:+D74[H-)Y<,?L%Q %QI@@.
MB /B@+A&",X880%QQX"X0U]58,[F,E,D<I2I@\Z@97<'0Z0-D$)$"O&(>:#K
M].UA7]OYQ::,)7@ /  >P%0"N !< "Z 3P >  ^ !^ 3'-OR@L/>E&3\%C=L
M<JS>Y[JMVN5ARLC7[6Q@X@L\ YX!SX!GP#/@&? ,> 8\ YXY3)Y!<1CP#?@&
M? .^,9=OMEHVNC^NF>1[Q4@.W_?/.QLO6-[/NF2C9 5< 5? %7#5%%D!5\ 5
M< 5<-4)6]:SNV!T*=U=?0KUI)+TH%JD?A6^H]S(._%#FK[B0GIQ>R7@Q!&W'
MMMR6\YPZ9MC'6 <W&@17XP0'Q %Q0%PC!&>,L( X( Z( ^*,B$7JFVW:1;VZ
MSY\^?CF<L';O>F=XBF3O\@%^@!_@!_@!?LR4#_ #_!B6RF_ 1DUSZKP9O_8+
MJ_^6=C78[:%K]QVW=JF8,OY\']8:'XAQ-QYM8)MEMNEV6G9OV ;;@&W -F ;
M[&P WX!OP#<'P3?P;L V8!NP#;P;4_G&L.45VN7S!]?IBV(9B'!D_1J)<)]\
M8HI0CK*:Y[!KMUK:"M:8,I1U^QMP*T #!T4#3JME#_0%)*:,)7@ /  >V&^P
M8,IX@@O !> "< &X %P +D!\L+<\X2&L(\6!'YB0>*DTNAUMAX@9/_)U.QJ8
M^ 3/@&<>\%ELI]<!TX!IP#1@&G@TX!GP#'BFT3R#I5S@&_ -^&97?--SX-?4
MF@JN#PP[JLCU#'B@(,6.R?; C!'P _P /\ /\&.F?( ?X.?%\CG:A10HR(78
M_(6SF[VV8[=[0T3HR 0VS[@;CS:PS3+;]-LMV^DB'PBV =N ;3#/";X!WX!O
M#H-OX-V ;< V8!MX-Z;RC6&K*PY[/YTI0CG*G;;M9YV"_6BW31G'NIT-^!3@
M '  .  <  X !X #P '@@(/@ %3@ A> "\ %X +]R<$]I))WL2?KVZ>/GY^!
MCXT7)>]R0J?QY(K9+R .B#-%<$ <$ ?$-4)PQ@@+B#L&Q!WZJ@)S-I>9(I&C
M3!UTW)8]Z'>1-D *$2G$8^:!WL!NN]HVC)HREN !\ !X %,)X )P ;@ /@%X
M #P 'H!/<&S+"PY[4Y+Q6]RPR;%ZG]MV:I>'*2-?M[.!B2_P#'@&/ .> <^
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M?8*&C&]\3Z[X\>G.S-%7.4L5D2\2P^V6K6R%'@+F4=]59RZD=[\OCNJ+GIC
MMHH,!>M8!3MK +=$982+74G@?SJG XL>%*S+4QD_?M3ZKM;6V];MQ&?V)7-P
MCSTJXZ=TGOQ'"OQC<2UUC%<>C)ZVS!F#W/D\'6@,!$X;XY0TWJM2Q$.0E3P9
M8 DK%=\MLBQ9'B"QH5Z. ?)$&&%>QIZ?T"VC+&:'H>(F\,<R7Y;K1WXMV;GK
M,H)53U;6Z[M7L7JSF(T6^4>Y=MU_4A(%HX4A+9^;WS5_QCQ1J])Q:SJD(A2>
M[UB?&DN70AAVSQH$Q[E]JB\PJ<.OOSS[^H[\IB23V_-1_I4O?^.GU \O?\V9
MYT7LP-*8?DT)&LJ _CY3[C<;\I/64 \5SN<TG546T-.59:]4=Z-/ZFJUFO9:
M;OOK;]',]ZR^,_CQC?5ARGYMD=XE6_J^3 BHZ<5BOJR88+0JPZE% .Q:^?1"
M@CLYSVRO TLD;-@K+OG\E4PCRMLO//]9T:J40KHD3RXEBG\H$IKZ(6.,5$[&
M"4_Y^)Q0XHL\#I"8@.?2[[]-K(E/1!1S]++RQC2?4*T(D+\$?IE(//OZ>XEE
M6S'K+)TS7AI+H?;1E-WQ0Y6>8GZDH#>A0$&&!8V6\P_AJ&!EF="-HLR9Q26=
MJF&B!ZC)ISM1B8.7\O>5K#W=?2Z2B7491+<<D'PFBQ'S4Y::?D5F8LS32/F,
MD.H_IP8K31XMVN"'%2MR3SJ<&EWX8WF&]Y>SL\]*+$6>:]4$4+\K-FYD+<\!
MO2:OD^-)&E!.Q5;F[HIF</O*+E3G\JQ;&>?^83S*W4693P(NQW.K#\DEKE)R
MI0 6(B<I7M!5GD_#Y\L5F=T3UD.AA$INJ/9=21J;JM161:KRGJ6%+*3E<40>
MK CK@2X7P%<A#V<]YE>LZ_U"4.5D&W'UE?1$1L;?3SG@)@P(*Z3P-R(G1*AV
M!1$]9Q8E_MSP5^ SRV+ZDU0Q\0)Y9;A<YGJ"8&U[N,>CJLBOEKO(%Y>A&U_K
M!2))_+%/?Q4)"8KPSZNPBGSWHL7,"3?47-4L)1XQ(CG2;=4V"H7S_Q5A)N([
M*P]#^^H]CPI15^SQ/ZU3U[Q ,&^:>]K6VS1-DXR+V1+5V=#7E82>TH^3Q)(A
MC_H\XV*5B18>]-R3UC7TCJE#[YSV]3;MEO2,""#R2KHLUT\<O"A;I[V:1<E+
M4/)%'P7ACJRKNV47H(Q+"U)]P"XNK%9I1,IT._M8[%JH?()-4:KD%_,]CU@)
MF\E56%XVS0*U/,Z2XS%GCO/4<ND]:4)LZ[2C5\YDYNZ9!;M<;Y+/)A?K+D@D
M/'E7&K+Y!>1NYCV7RK[).+[O<BR\NQ%;M]&RG_=.!"HM_W4B\W4H?TQDN-Z"
MTHAE23E/P[[-6M<FGTTL[B(7E^RQ,K4JG5_,4&YB31L3"S<^G?1M>5YK+/RX
MR+6P [;6TUZ9G)LO*//YP )><U2=\RE6.;'3-Y)<751!.@_#"G@64WEY,HGT
M57$)H6L:S;-8^85+"PRNR3SG04KI;1,G5<*?1<YHG*59K"(Z<MI#GO3.C:P"
M*!-1[@]R2FU4T%!UK8B8<<B6>XH<F$44)%MAIBPW+S+)9Y'FLXTDS&)5WZA\
M##VC7!/(3UC<NV858KY0@0*":3[YJ)9"D+->M+,BPWQZ3XS3!V?:E*=!>OWP
M*,\7R53'<WE]VKV1RQ3U?"0L$:^(.%!QN*)?&J1I-)+!7+[EVHNUKRYZFB_;
M9*D5>?EYU+HLJ5(ZN4#+K)_D6&;\P#2=5AII&FLL;<90BQ.J/'+2JX%'QA1F
M1[<JN:Q2"TDV)231=8D:H'Q9M1R=E+,K%&1ETR+L+(W+'&C5%5-K\?-&A[2>
M.&.E\I0E>;;NB9._5U\3LAH&2SL['+YF_N!<0!1_!\4U/[]JO5+?DYGPRN_/
M7SY/\K[VP[R1(DNC\H=\^Y'ZY=8?I9,WG5Z?=]^PMQ;SOHM S!+YIOQ0%9':
M3[%H>+6DS7Q/QG!M(>_-B^+D;6JWVYOL=5F[MR1_0F_+^X=;WM]I;?D Q]GR
M =VCD\!65=FQE0_R>>J,A/Y39R3D)%I(@N!KJ0C+*E<Y;%W<;HVT=GQ,V"<V
MR!_SW-7[U=S5IE)]66FT#<7;S /8*HO:O^8>+H=8U7U'^31:_D>HMW[U?O((
ME.WQ5SQ"N8$K]QNFZFO7^P%F@)EVF&U\8/G15M1\7RY4_"L3O/P[N%ODL#C'
MD2=%=&DKZEZ84/=B<R4^]J(8=4A*?\6,UJG;<;4=IM1LV+PH[PD& X.!P?;+
M8&YK=?\"&&Q7Q>$;Y+%^\9,_3\:\;DK-!1<[W;6YJ.#Q17/=)P+*FM..^GG&
M.>UJ8YG506^0$JU6!8"Z0%U6S?*P W5YCKK4DT?:GW*5:QJT5YXXIK/8C1)B
M4\]E-TJ(Q@@.2#QF)&*R>V72YV->? 4SVOM5V?UHYM[E _P /SMF\RURP]N!
MJ\YXZZ*8@K;N?!F,CL Q,T<SGTIB:!7B7K,;[FE/VS*D)Z5RV&D/:!XT[UF:
MU]>65SQRS:MKML]<WV"^8NTFXAV!@9_>P4/'9,;3I-,Z'6#R3ZM9A[X<MKYT
M,/M7OS$^S B^YE4Z""@04"ROZT% @5 >FK>/)4)(HFGW'C8[Q//) B1%Z9"V
M[DHL?%_C2U(]4DJF*!.FRO(^<&1,]3#(U6-+>(/UFF- [$IQJWE)\K(8[XKP
MGMFQ3<\]X$J32T4BMWVQ>NK!G"&BI>;/LT'<N"I 12F8(;],5XD?IZ.EQH_;
M'VQ"_X_5^-GV 9TM[]]WB9WNUC5ZMKS?V;;&#X9PUT.((DE;!@T]% &JEJIA
M+TEW^A$P \S8AU0>^&^Y!UYK<A? >T92I ;@/7]-X*ZAB"7*AE=#.BBX_5$6
MR-TTRMUQ^\[RNKV&MNX7523X@HL$7W*1X']QD6#H+DP%3$6CX093 5.AN77O
MRX-(/_.)$[7&& ;-R-8TC[9>Q+]E:<*G=O(4C""S7)S';3UX#+<),][&E%QR
MG8'=WH&0#(#/R^<LL2["S&V1QJ/-B-IOYG!-_[0[!-. :?;+-%H%UXS"BNU6
MUQ[L8+/54516A&(VP05H!!2-\ ^:06&.>^K6[SPT C7;$IB)I6&KJ]L<W>L\
M5<)^S0K''?*4,7KD=@:VVW=TR>)0= )Y\L;HA+E6N%$\T#YM:4O[F3*28(&C
M80']&I&+8^ ZKC9Y0"^@%[".#;2.X((=3TXW,:PL)_?-K$QHC"Z]=OLM>]"M
M_V2R1N\/_M%($,%(8P;ZD&:@6Z=#MW:)F#+V=7O]8!H3!&>,<KUV6D.[TV[#
MSL/.FZQ]L/,';^>=[ND *\UJC>B;'+A?1O%8^I@1+NQVQVXYVKQB&&<DQ(U2
M&'--;9-(PAV>#C%=#!9H*@M@B@AZ ;V =007-"&X/-#IXID?:YPL?J(:P6$F
MF6O0M!<+\E!4%)EF@^RX\6A#IKEN/C(= > ;0_GF,$W^Z[9-9GAG,CKNQ#5T
M#[8>MG[]?>W6:;=^'C)E[/<2^.^>9?99JVQ^B(GUX-DE6F+:-L6THRCC(T"T
ME>_>Z_*.H6/W77VJ^)2P#, 3\O(-M?&F8.<H\_)MY]311A.FC"188,]1=AVV
MM2%%>(9MN]/15CSD24D>13D>Z".L\E%9Y>'I< "C_&"T_/"IKSMK6$5HFYQO
MN7=!/K.]M1XJ^_G3QR_S6:'^V\12![T6!\!ZT70FPT2=9FK-XN@Z%E/^]\8?
MR42= 5LY1;9R?JR5BOA:IHF53N(HNYYPLF!X:ED?U.FS?-1L8EWG5<[47?15
MEKO3^?A:/EE67!&O%Z?<BGC[DV95;SM#NS=873S^DD>1'.2-'V5)<)>?KCL_
M,)>:+U+K5E*C"14A_5Z>EDMBZ%1ETEN2WU2*)(OEE,:9?_>C7#A\F.S8IZ=<
MW:F'O(OH92RE2WD59R*^4ZD8ZW4^9-F,ADIX$Y\:%U[?'P]J5SG8;NMM_NO\
M!^>M%<@;&22V=5L<HZ!NT"&M7FOU1.F7/"<_C#B,4I*63/WE<XS+;M;0_HZF
M]O](6O#^>Z$%XSB:KL7Z5'SWI]DTL:+QSHXH=GIMN[]F8\7+1FEGK6[W[59[
M=:GWR[&EY5%.NVWWVIJ(IF 574=NJX<2"<G5 SY>\J23.R*Y)2W,N4N=T\T*
M2DS%!*4RQH-<QFP."I:,LH"83<XIU!];(@@>LBL>M8*>+I26Y"R7*WFA,06!
MY4:%'D-6Q<M2_X;$1\0JJ"F23*M/>D9Z6)>-QLGU]^_[$%H?1>PIF^?:"L7G
MY%J(\,Y2I]HHJY]&EJ!12ND7=C<4("QQ33A5%O'63R>63S;L?")\1H9M?2:U
M\+G%.:K."0YC8M=BR*W?QF/?D[&54:]BZW;B4P,2>O4MN1OTLEAZDB_;'55U
MUZX,V(83R#ZL.'#DM$U)?LJ/8W7B"\A:TCMFTB-/PEOC%/"(D+KR\Y1;PN)D
M4>5*H[PT2TYG070G)5]4&4%2I-^5@)4A*X?++FY7(MZ>5#>5L4X1%]U,HU0$
MI;QS+NM:B<_$I"0[9Z&-Q=LAD7VC7XH;Y#VO6>&SRFWK!F?A",[=0^I*(7!F
MW70^>OQ-CU%KM70#V"[4DNG<+X.#U0# 7G%W"Q'>IPL6W52,9*'S_)C/[S\K
MB2FISCAXN>]*1]5G#Y2=<D]KLP[:R;7QUN']>"P]Q=A",=K_BE"-17XB5G=;
M>[$P"/_R66E+HU&Q&9=^2)Z&3WJ^SF:PR5!N2FDQU*M44^/%T=_W^995?TX)
M:X*4AS1;!7/\8:[ R>/L^V%\CXC2!;>L>_/<D2QB3!6%W)/Y/$A=.9_,MO1;
MT#RWJ)5>"L.X; SS"#G*Z:7@W!L^#95%D3-2^5>5G;!&?&@J.XTB#I9X1S=U
M^],*=3=%G"LIB+E\12F6A5QS.6N(9_/>M7NG;5U]6QEQ:F7NKK;M(G0AC='R
M,M?N=U?/M:G?@!)LO_KT3,:Q/2>I JE)K8S1MU<)5 \&W+Y>;Z\.PAAH=E3F
MTAW:55>RFD :132BG"$K\%"X@O<,5355683&64A8X"O*-OG)P_;UM#'NA7;_
MZ-YDE=.F!N\SHG[40Z*!H];R"))WLY/H6K^F=]OV8,U1?#L*G-E7HXZFK"(;
M^7'#>^'S$_[;@]%S#9(D-AYV5TO>Z8N/[UN6YWG ]85UO=Q*;4*7K$,/T>7+
MF/&EK)5DLP>FD]-H]G:%EQ:/Z<_2^ZL7'O_$+::WW;NG*0Q_MOTDSZ8)IOD:
MZ(68'EP,_9*NV 41$)BN<U^"<!@FI$!S!SH'9#3CEA&1+=9HVRKE35<L7,)B
M5C7/H;"J[$I._],]'5KTH(!^UD,WRD*)^<S>B<A/4J\DN3RZ+19>:@7^6$NH
ML7%F]W1U@<B+^LA3*0EQU$$!6LMCPDB3T:IL:5A6I(G(L]S%.@1K%G.VB/20
MU) I7^1^OA=$B9IV5G]>&S6HB$#DP8!6-WEIZ5C?+=W.@E9/W([IGO.N#0/;
M^G$4!-&M2HDK>S]?OE+QB_U0^2;*FA.+D+>G"&7%"Q"<IO13#J&5LW!O_4&Q
M:F8Q7UG\4(;JRBVL@NZ-EBRSISS^!P57><H2@%KW\,/?JZ\)N5?!TE(]AZ^9
M/SB7IR>#H+CFYU>M5^I[,A->^7W-D'WSIR3_3_+6^A*1X.ZWG&1W[8=Y(T66
M1N4/^>I0]<NM/THG;SJ]WF(M,A%>(&:)?%-^>'M_ =VBX=4-7O-%>,.EQ7GS
M\=AXBUC>IG:GM<GBQ;5K!O,G=+>\?[CE_9W.M@^  )YW?T/V'A[^.NL#D\^\
MN?U7C\OJJ9I"6Z]97R.MS0W8,^6EOJ[L9?U$ELWZ2'^:)-;[D+/D2]M9-Y7J
MR^J#U2!>;=N(=R'\+PM'ZBO[/]!Q_3K>UJ3C6G9][1]R.K>G V: V<,PV[C.
M],YK2S9B/^(?]Q-ZE9G4L?#C//&I2Y51,,B$@D&- *81U82:L=%:Z^GLS4;-
MBW*F(# 0& ALGP36.^W4?P)7(U"S+8&9>#R7UCDEM=YEX9G>7P9>65=7+*=[
MK=9C1EDBPE&",YL,YGM3,':4=3:Z=J^',YO  F"!XV:!EJ.M8I<I([D7G\K@
M2+%<R#+0O6#)[!KU!RS$S><'=BC0I@G1&,$!B<>,1*QQ>,E,H%K88/V6+^R$
M>[][?=Z/VNY=/L /\+-CJC?'$]G_P@1._Y9;2(J2ED?@\>U=JW<WU6<*'(V8
MS3,F333?N(V##(\AP@3?@&_ -PWCFX9L:]KU8H'26\02@2;RMBG(.LK)P1I8
MV)3QK-NY Q> "\ %Q\$%R.H]Y9&M*:M4NF6+@VCJ<<H,DO/A,[3Q,1:B[*5E
M^+;;7BV/B_@:3 .F =/HE(9CNRUMISH:/_8:'<J'CWM<]_EO/V7)R;40LS<7
M?L*E\[)8_C8^KQPK^$4&(I6C\RA)DZ^\=^8=ETS[+.ZXE&KRC83R+HB\/__^
MW__UMW6/6MQ2?>A9'(OP6E5C3=[=K3SVC NVSA^MZD;2ER]R_/.KRPLN'/'/
M]O]]NWAE^2/Z07CI2<<Y.[\X;Y^_?]<YZ_0N+]L7W??O^Y>7[D7W\K)WUGGU
M]WN#61V8)ZJ=K<,""N>A<-X+H(3"><=5-^[H!="0&:;#]WX/3#XHG(?">48(
M'X7S]K\N^/@JFJ%P'F"&PGFF%VI!X3Q3='QWR>1& -.(3'-#ZDZA<!YFPT!@
MAD$1!(;">0U9M=6@58HHG'>X?&\*QHYR)2P*YX$%P )@ 13.VU'F$)6V(,3=
MSP^@7!F0""2:+$2L<4#A/'/<>Q0^ WZ 'Z.HWAQ/9/\+$U X[S!8S_C-3T;,
MYAF3)D(A*RPM -^ ;\ WYO)-0[8UH7 >>!N3@\?*PJ:,9]W.';@ 7  N. XN
M0%8/A?/ T(BR&Q=EHW >\GE@&C!-_4R#PGDO="B?5SCO7A^K[:VIGMR2[G9X
M,56UQME)3_/JJG45YI)L.A4Q7<<Y/FG=WI]'%@E=47B;&3N::62-9"KC*=>H
MX5L$5_9+UD\XOWETT#:4UA&7C.O/C"L9UVYO0HV/%!SK;7G_UA73MJUYYSA;
M/F#O->-V+H&&S*X<ON=W8/)!T;AF%8W3[VWONB)<OF.:B^-^7M32M52EX^*/
M4&_]ZHU"7J@7!YBA7IR!\YGOO\^D,@U_92*F(0GN+'JS3\"FH'A&ME<5V4":
MM('.<K-KXQB10VU&1:76J=MQN[7+JQ&PV3;]"@8#@X'!]L!@;JL%!M/!8(=>
M%.Z+G_QY,HZEY)5%DLO!6;%(M;FHX/%%<]T:MO$^(TBL82KZM*N-958'O4%*
M] /4!>JR@5D>:ELB=ASJTO3EP.96RH$04;/)&"$:(S@@\9B1B,GNE4F?C_EA
ML)C11H$GT^P"\ /\[#YV:.3.P8MB"MJZ\V6 (E\F)3&T"G&OV0WWM*=M&=*3
M4CGLM <T#YKW+,WKU[_U]#@TKZ[9/G-]@_F*M9LH$*D?^.D=/'1,9CQ-.JW3
M 2;_M)IUZ,MAZTL'LW_U&^/#C.!K7J6#@ (!Q?*Z'@04".6A>?M8(H0DFG;O
M8;/*+T\6("E*A[1U5V+A^YZ]1/F9Q66J'>BXFCOP1"D9X:7^C9_>D>^R=-ZT
M.G8J+QACT]^\(&/0\3:Y<BOUR96:>.8-UM-\)CK_(3^JVE9_R!]3U$"TJ1VQ
M*D2S(KQG=JQ0F6(67XEO)+V(O"YZSQL>I+SO(6^TGT9JH[WDC?;;OE@]=6?-
MGU<%6#!TNV5;:_<4OZ0C6FK^/!O$C:L"5)2"&?++=)7X<3I::ORX_<$F]/]8
MC9]M']#9\OY]E]CI;EVC9\O[G6UK_& (=SV$*)*T9=#00Q&@:JD:]I)TIQ\!
M,\#L^H7GQX+?ZDZ*[/Y88P.@B"7*AE=#.BBXS0]:W33*W7'[SO*ZO8:V[A=5
M)/B"BP1?<I'@?W&18.@N3 5,1:/A!E,!4Z&Y=>^+HXVLSQ3/;FPCFKY]O*9Y
MM/4B_BU+DU2$:@I&D%F67E$MV%'3 1O7?MRI?(TIN>0Z [N] R$9 )^7SUEB
M7829VR*-1YL1M=_,X9K^:7<(I@'3[)=IM JN&845VZVN/=C!9JNCJ*P(Q6R"
M"] (*!KA'S2#PASWU*W?>6@$:K8E,!-+PU97MSFZUWFJA/V:%8[F'UQ?@Q/>
M&=ANW]$EBT/1">3)&Z,3YEKA1O% ^[2E+>UGRDB"!8Z&!?1K1"Z.@>NXVN0!
MO8!>P#HVT#J""W8\.=W$L+*<W#>S,J$QNO3:[;?L0;?^D\D:O3_X1R-!!".-
M&>A#FH%NG0[=VB5BRMC7[?6#:4P0G#'*]=II#>U.NPT[#SMOLO;!SA^\G7>Z
MIP.L-*LUHF]RX'X9Q6/I8T:XL-L=N^5H\XIAG)$0-TIAS#6U32()=W@ZQ'0Q
M6*"I+( I(N@%] +6$5S0A.#R0*>+9WZL<;+XB6H$AYEDKD'37BS(0U%19)H-
MLN/&HPV9YKKYR'0$@&\,Y9O#-/FOVS:9X9W)Z+@3U] ]V'K8^O7WM5NGW?IY
MR)2QWTO@OWN6V6>MLODA)M:#9Y=HB6G;%-..HHR/ -%6OGNORSN&CMUW]:GB
M4\(R $_(RS?4QIN"G:/,R[>=4T<;39@RDF"!/4?9==C6AA3A&;;M3D=;\9 G
M)7D4Y7B@C[#*1V65AZ?# 8SR@]'R9J>^EI__]E.6G%P+,7MSX2=>$"59+'\;
MJT,"WO&9H^?1=";#1)V?>1;'(KR64QFFR;N[Q36?Q1W_=L9'FGXC(;T+(N_/
MO__W?_VM?/1[$8>$IN2SC-5=\XM(XB&+]8L<__SJ\H)#V'^V_^_;Q2O+']$/
MPDM/6N?]X?O6^:7;?=?O] ;.NXMVZWW_\M)]UWLW= =GK_Y^;YBJ(G_B^,EU
MH[S)@9RU!OFEL"R2EJ7$]2@(GMGT);931_I6%RV<X)#?^_=]""WA>>1(\,&\
MUJV?3JQ?SLX^V]8H$X$UBV5"KU7J845CZTHDOJ?.YQWY0<8GT,ER.&<TG.H
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M;AJE3&=WN7A4CPE@2QVV*]Q6]G1.SW.FK+NGC3%BC;?"%&CEUN1!%*Q8W#4
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MDK:$?$N7%\7S:0U5OA?CTWF\RY<FX* N[M O^VE6Z)J/JG/W469$+^/K#0U
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M9)Y11>89%LV3WU?S@_G(P8+[J:E\Y2N3B  >\R6"66),:02Y5Y,AF6=K+ W
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MTXBW"^3UMJ_3>MOG2;WMBS=V#6QF&E3M1&X8'!MG'^ '^ %^@!_@IYGV 7Z
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MGA OB!?$"^)5I7AAVGB(2YBKBC:5JXJFKGC3Q'[9 E8)^XU>L5O;; 5< 5?
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MK_J1!_':/9?%5%<% .H%]8)Z0;VJ+!JI+(L;Z@7U@GI!O2I4+PNN%\0+XM4
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M+/O &>\$J"I6J>^VAW4Z@$D-F/[IVG>NY\9/0%17$=4X^P _K<)/U<DH[%4
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M8!_@9TO\E%%;K>WX@1NPR0WXM/#YS8*$716IBO'T188+GMIKL,8!JF%>0<6
MN@Y=WW'GM@=$==5/J!A1GY,09JF.0QG;7UHU$%S:\2ZE'T#9/>P#L %LM7@<
M-0"O?K"=B:;5@%OU[LA!PNUF!VUK28RC<0B$?6 ?V*<!#D7E"JX\A^SXLT_8
M09X;^!$*3W0V9M$L^[1TW$^2J7AIS-KQ!5/!5#!5$P2^&3Y"DTT%5'7%;6B,
MJ5KB092ZB8;GJ1M]44]IU!TVUD[!AMFG(@B9RC9C 4+J[=.4'6?*MCF6]\PE
M])3I?T"?5(A 6T6@A.;S']3UGE]_Z2V2PW>ENJL-*D'0.C^V0;9KES UR'!5
M>;[J2NDUQW:- ]WV21.=:7AFZ#UUCF/C*Z"4[5&"7$TP7&/TV_K0JTZWX9PV
M8(+7.A\4PM0T^U3E40)"+5D1J]4_'(T05P0AZM?4QBBH]6&@7#GANC5Y)M4Z
MGZY!MFN7,#7(<!6!SE)7WK0YMFL<Z XPKF@I]!L15@2W&F"XQLBW]6%<G6S#
M-VW _*YU+BB$J6GVJ<JA!(005GS='#VD*X(0#=#4QBAH[X-I(JR(L&*#?;H&
MV:Y=PM0@PU4$NAY UR3WL#MA15-'6+&+NM0X;AU@6+'WH5\^M^";8GZ'^2_L
M _LTVV,LH2IH<DW1UV_M@O4N5O=5NI6OF&Y[,W38]007FUY%IU[[(+CW@CF3
M=J\&PGN-\"L:9+C*8*=N]TB#K-<XV!U@@,]0N#", !^XU0##-4; K0_#ZF0;
M ;X&3'I:Z(9"FIIFG\I I&[5&"#J<.[@"+F#($0#5+4Q&MK[,%!&"+AOF$TU
M>C8%P\%P,%SK@HK-7?PU]"IR"K'J"UHVD)8'N4X,M,$^L _L4YMW6L@0LY@[
M, D6=QZM*+NN"ZU9MC9AQ18K8Z=T:;F)&\S6"A0A6-H<;_3 G<Y?8IO19^/Q
M&_[^]9=%=/)@V_/3[\Z43A8>_79_2>_BSWX4AXL9]>/HEO'FW N</W[_ZU]^
MW71TZ/ZP8_<'S9WS=]OU_QE$T6?_>VS'E'_W[?Z3Z]N^X]K>-3-=$,[8!YI=
MG+U?GS/TAM[_=O3ITM2-X;^L_[V]/"+NA'UA._&)/KPZ.__4-\>7YG@T.AOV
MSD?CJ^&G3^8ES_X:G1W]OO*.\O:^=6<T(E_I([D)V"\_^[YRIWNN3T^2UHV&
MJ;_[F%.0_RRBV+U_DE^Y/D- ?-KCN%&)@]LI)?>!QU#&L$G$>R7SD$;<PB1F
M_\CF6-2)27!/9G;X!P/X"?]_&C-CSF;!Q(V?R"1[/<1=OA\2^.3ZZQ<)M)%I
M##]&A$F7SWXGT@C]Z7@+S@=V"KL293_],_FMZ ,A%QLN'I&I/2%K<'W+4_N!
MDLL0=S:WN7%\\NWB,[-C*$PV9R<$DRBU(YU\>)%CS\%!+\+!X9<*MP%509UT
M!I@\@OCG_,_XG"5>0< ,?DQV88D)AWI><LQO1_J1^,RDRTD_[TX'!J,'UY<W
M:2_B(/U"ZJ/XYM&=Q-/3OJXO_18FT9X]C^AI^L?'U3%W>>/A)FDW!AME=_O9
MM;PIT^AM,]IM''_E%<9[GM_?:KA]X0+[/D#_T T@>7+(%C@X""#RMJ=G;?1K
MV(.WPTK+*Z/LC@83'Q_E0'L7>!-YH2OFAP8SUR'_H),'&B'J6Q'VAEO.ZMJ#
MI-MI2"GYPOYM&I$KYN!-$ T ;E['S5<V 7@3;*!!)6-IV^&O/5C[3N<QG=W1
M<&DX2]>@4\!6W=B"F.T)..O@ ,=CQI N($D)D@9 4BN1I"JK\S %2]EB.S#8
M'@QN+77PR<H.L#9YJ!3G'7_V23P-%I'M3Z+WI0+GU:SB%FS_NO*H$X>N0X(Y
M#>V8+ZF'] ?U%]M'ELO@5^/+D*C+RJL>1.H3[HY-S;24>0K=K).QM19A1TB#
M<JPA1*T2(D,;])7UA&G\N^?G8>\9E 9*4[W2]+7!N'R/IRGO'DH#I8'2U*,T
MIM&#SE01 %0/AG03ADH37021V%!!?1H^/+TER%='(X-:RU4<*V30EK8Y[! %
M1NV#9AO(!K*!;-60K:^9HS$(!\*!<!6-;IIA6""<2L*U9?6]C.E<CGX;_KH-
M8MLC#[;KDV,OB+9/:*BGGDZK*_E55VAG'^BVHP(/3PCHES0/>(M!=]+/5J 5
MZ01UA]XAH9#0DE,9&J"@K<#=OLL&T$AH)#2R?1K9T]4U9X-"0B&AD$W *A12
MX41\-"YI=0#3\+?&.%440%52TG2'>JG/7#2(W-@-_$^V&_ZW[2UVJI9JZE?]
MJ\%@K)]?CB\O>OJY<7Z15DL=CR^O2J^6NH(Y7LVMZ@*JJR5.7RV+&D_MF-@A
M)2%U.#\FA'V^9^8G/[C]-6)['L\.>IRZSE0<:#L.8V3,CN051NV(T+2 V%04
M$-/$4=%B-K-#=G,3?HBLZ1J=O@CNETR+RJ/3TYYNS-55'AUUI/#H<+3G!=I>
M=7(XJ-@ V!3=D,I(*#H)Z.T(/56U(,IM-="(NEWDN1!'\XJ8 )N=Q>8E=5:A
M:;P(3=0V:<HPWN116<9R4-IDIXTRBS!D+X'-9R,:HYH)-MQM:PU+T\?J,CR;
M_NZ?&YLJ@\0!CTU0FL-6FKYFFMC<6XD'W *'Y9+>4^:R,)=U:H<[1%D.>C^&
MI8UZRDKAOF:=IB"E[#$;0_,!,RI;D#35^8 'PJMRYMI@X?XL5&ID5>63U7-W
MH(VMRG8#MSO+#/->T+HMM%8[3P2M#WB2F4;%/=>^<STW=LN99[;.ZSTV-'.H
M;.@\C'W[F$8>,F%,S5+G:QX&80YV+?:? ;]/&L[*'G<J=1CKY5^ED4_T9,!D
MKU.3O4,+L6)U$!YJN?3L5LCEN*\99K\J=F*#)*@*JC9B)@JJ=FL:6\"ZV/ZH
MTF9?:5P.\,JN!-$4T+6CV$-C,@8-;516,X-=3-84].P[:<"\OJ3D98@9Q.SU
MSD;::%32%.L0Q6SG$C-;5O HI>SUFYYUUY(XNU:MV5P0Y\H.?4:AZ)J&WZ=V
M2,_MR'7._,FEZRUB.KGEIMZI\(TY'(YZO8$U.+>N>KVS2W-X)0K?G _.S>&H
M_,(W55>Y^>R+TD/<YB2D#W;(%8G$4\KKW<P7L?P7WM,JL329TY!$W-;$C5"0
M1E%!FD%O,%=7D,88**E(8UG#;8:D$@NR]/>]0-LKTM1N ,F30[; P4$ JS4'
M7,U ?%PKG7$[#2DE7]B_32-RQ0;9B:JI 7#39=Q\94[8FV ##6I(8;3V8&US
MZ2GH%+!5-[8@9@TI9U;!$GH5:&Q>U3QE:^C 8'LPJ"S!&5('F$'J@,'F8A"5
M0*O"GM%_#GS,&.U%EDR&S!<)U0C]Z;!I16X]S9[Q;A H'_J&.!.-2;H43,[B
M.'3O%G)-+P[(]=<O-ZK&$.3.E&N^3N3.#"UM6%;2\R$FSR 3$)F 4+.ZU*S?
MTWI& WIY-@4^4#.H68/@"#7;;9.&U=.,?DFU&2!GD#/(&>2L.CD;FYK>T^NW
M65/@LZ^:=;C$X.;(V1E[)/N!DJ\+GM[ $_TO>)];GXCM%*]D];]Q_: $Y6^]
MVF,T!'Z '^ '^ %^FFB?5JTUYO<"&LR-56J[;XLXBFU?[).<+$+^?W-V<+#+
MEHCMJP5UIJ[><*P-^FBHA;!*A4(.=H%=8!?8!7:!76 7V-4)=K4DQ;C4J'6.
M6B__M6K3M[RP_Z913"?$?K3#2<0CY"'[(G0=_F44!\X?9="[=2PV1\HHW!6F
M-H^4[1WN6L>'L;(<$] !=&@]'4Q#635)\ %\:#T?QLKVAW2%#FUOT/W2(I39
M5[<(M7E&E.;QR+0=DG4Q,CX241.U\2&(YO:P&(ZUL:5N \1!M_!M$9_;.Q@>
M#B^'?76YK^ E> E>JN'E:*!N^S-X"5Z"EZK&2PN\K&VR6O^<M-0IJ.BYX?Z@
MY.K^GCIQ?B\)7R4C5_^W<'_8'F_^@6TE2.NN?!@ ?H ?X ?X 7Z:8Y]6;2LI
MO"!#5[RO1#I)P9PWW(J([4\JR3/J3AJAJ:X@<>=S"!%6:%M8H59J60-E19A!
M+5 +U,J-6H/R(W*@%JAU@-2RAABU.A[/+MR!Z%:;S[HZ,<P:TZZ2%M2E<+24
MTG"-7;@:Z9JA<(/8JT7.#F$!JWG<;O&0>7AT5->5!W0$'4''/>EHF: CZ @Z
M-H6.%5;D/00ZMFJ5L-3Y9J'1U34-Y<1S-=6JE/2J*J-K;1# QABKM2,'$ ?$
M 7%--EQCC 7$'0+BFMA]H=RDKUWW9E<_TVJ *RS.JZXQ3'E&43_;U#^,JPO]
M- 4*B.[4//!#9PY/9P;5M0!M"A2@,] 9Z$RE.F- 9Z ST!GH3.DZHZX>Y<'H
M3*N6X<J-V^R>W%G#&OD6%3H:C-9V= (NQ98MCQ.U''AENV-8-X%*0B6;J9(5
MSCY;#CRH)%2R-6"%2JJ-T56X^Z/=P(-*0B5; U:H9%LCC"T'GL+ Y"^QS9YP
MX_$;_O[UET5T\F#;\]/OSI1.%A[]=I^FUU_34"37BQ2M,W^2A/QN^?5OF3'.
MO<#YX_>__N77]4M\I?$Y]>F]&U\$41P53V%V]KDQ;^C];T>?+DW=&/[+^M_;
MRR/B3M@7MA.?&..KX7#8L_3+X=5XT#/[%SWS:OCIDWEEG%U>],VCWU=>3M[0
MM^Z,1N0K?20WP<Q^7H=SIWNN3T^F<J^!8>KO/N9>]G\64>S>/Q4VUO<4[JL7
MY]U.*;D//#9Z,,L3\0HC,@]IQ'Z-Q.P?G6 V9[#P8]& D7]S_?4+N?9L/\KV
MW \_$I_&9,Y^)9BX#KF3KX"=&\4O[XC8T11;6+0P>N@K=0GXY_SO^$$XL[V"
M]HF =79A81#B4,]+COGM2#\2GQEAG?3S[EAX="?Q]'3<^V#T]('9?Y?*!5,"
MSYY']#3]X^,J^Y>WEE\(6.X)ZVU,/-U^+4'>F35^][I&;=11>;ZQW^G#6G^]
MWM/K?7:SUE\?M/G%M?K9ZWWOHS:_N%8]>TO*#35N2KL<8%_=5U*8,JQO#=X[
MI>7E*8+#_!P:JC*8^+BV%_9V&E)*OK!_FT;DBKE6$_*=SF,ZNZ,AL73M#;,'
M@/$M8!PJPF)9^_T+CG7JBQ=P6DP643>YV0S<:^I';N"+Z8NJ$($:/"JK)@"P
M=@6LWZZOSH%4(+7Y2+WZ21W9@.B&QFY(9SQX=!T&#Z$]@R_0E/W. &T!M#S\
M"V4%2)L.4F6]-2"6P&%WQ!(X/% <0@^!PR;@L&%Z".<1(-U#+#']+GM=J+OH
M$^<=?_9)/ T6D>U/HO<=@]T+MMVPY;5L7E\44K)X8=KK-/,J27XC//NM#(DM
MP?1M8'G#X-@X^P _P _P _P /\VT#_ #_  _P$\M]FET\:+=9G:#>7$_B<HV
ME^*\[S3\X3I4[)RIDY^-;[NJ;L=D]56RU&]YS'9BF<I4O?$(X.=A@W='_('&
MHPUZ [V!WD!OH#=UZ(VIK@=YTU\\9 8R YFI1V8L=75CFO[B(3.0&<@,9D_0
M&^@-] 9Z [TI&J )#5$;MC;UF2>1TBC>=7%JF2);PN+H#I51U!-KH U-9=L
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M"^)5/_(@7KN[7GT3Z@7U@GK5CSRHU^[J-<#$L3DKE?5)VE2N+XX5;[K8+R?
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M< _Y02V(QH!BH!@HUKR 9[?CFF>S@#WTGW;,F^D$]\2G,3E^L%W_/?&"J)3
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M*MI4KBJ:NN)-$_ME"U@E[#=ZQ6YMLQ5P!5P!5\!56VP%7 %7P!5PU19; 5?
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M$FW=%:@ER'K!MC747KL(9O/ 9^\TXATA5%1B:W@.5>U$;A@<&V<?X ?X 7Z
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MC:R>*K*]:I>E\)87*%=.W:VWJ6,QJH*QK%/<&_?+3V$#]\ ]<&^5>U;/!//
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MLCF D@O@U96++&_%.UTA+=52WVGXPW5H1.YX2T#_(3HM0\]*H%L;* 8) GZ
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MS4A\0UC$DMN[YT2HQC.AR+!L:IOJNK6&7@2' +"" /!XX&5;5%=8;P]T 5U
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M@*E.Y+H&6FKXL<J,!9$?+UAQJ%KG@QS=34\;ND8=J_GPXRCRUCV";8\5YSB
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MD#,HB!?-B+>(^2O]*;]H!$I#.U9CZE#':6@HWW#C'8@> E(/G[8PH8ZM 5*
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MP%0G<ET#+37\6&7&@LB/%ZPX5*WS08[NIJ<-7:..U7SX<11YZQ[!ML>*<QS
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MU_Y1GTQ=R](FUL35W.D/96<>9Y+06Z;L=?F/-_<98_T6]?C-FKGLG<5%^X>
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MR!D4Q(MFQ%O$_)7^E%\T J6A':LQ=:CC-#24;[CQ#D0/ :F'3UN84,?6 "E
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MYJ#U9H("^979W..7)8Q$S&=I*D9<9[&8<IT*SKGQ@B2\DZOUZXNXJ1:QC--
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M2E5]%&N#H4Q[#,&J"Y81[R;CG"3B57ELJ@V0]P_+%C7<ALYH>I@\PP8MDC$
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M2D>V1\,_R8)179$;HU!/2G_40(-+1TLT7T0C.19HLK5<AQSE7=W?)S$6%+4
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MC!,JD+('I Y<C:]\!J127*0H#ZG*,-@3W#I-UTI$EA3/KI5!!8!M)TY53,/
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MGV.QB\2CA(U@8M5'7O(<M D[NV)/F'26.0SL"6O;06%W421OK,?'"]WEL8G
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M:R+\+822@S[PN7$++C[Q)\2G*LE[;SI9ZHGJV<Z8=BB-A.[\V.\HATHD?25
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M/&UZ!D9\&9A#: Q P?B<_PZ)A.747UTP+.(8)7NDHOB1/6Z10V>(V)MXXS3
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M\,B+3]]Q?UHXEV_9=O_3L54>_0TCL[C>81F#;0$/Q;.82F9>^BJJM/"K?>L
M0&:S%G#@93,;:K[O/YVA"U/YFCNU+:Q3TE=./ _FA'E<;L&DB^]7%YR0AC86
M\N2"MPU=%]--RSY81WUIFC?#8V^5JY#?HMT6QS#/,GG*,]B-&4.X3+)[*V:;
M(&UE'Q?=W+XW/TJ;FUDW9K]=_OHPFMS>D$<5L@([%=_LXX%QMVS_7O+[CZ/]
M[^^1=.4LZ)+\XR__#U!+ P04    " "+@5M+CE"8E:HL  !>ZP$ %    '!N
M;2TR,#$W,#DS,%]C86PN>&UL[7U;<QLYLN;[^17>WF>,<;^<F#DGY-N,(]PM
MK>69.?M4@:M5.Q2I*5*V-;]^$[Q(U(TLLJI RCT=';1$%5# AP^)3""1^<?_
M_G$Y>O4M-M-Z,O[3+^0/^)=7<>PGH1Y__=,O?SU')^=O/W[\Y;__ZS_^^+\0
M^I\WGS^]>C?QUY=Q/'OUMHEV%L.K[_7LXM7?0YS^XU5J)I>O_CYI_E%_LP@M
M"KV:_S"JQ__XS_SA[#2^^C&M_W/J+^*E_33Q=C9_]\5L=O6?KU]___[]#S]<
M,_K#I/GZFF+,7M^6>O:)_!M:/8;R5XA0Q,@??DS#+Z^@A^/I_-TM7K)Z_,>C
MY[^S^=/$&/-Z_M?;1Z?U4P]"M>3U__SZZ7S>3U2/IS,[]O&7__J/5Z\6<#23
M4?P<TZO\[U\_?[Q7R=7XLHG3R77CX_0/?G+Y.C_T^L0#]M>C#/OI["(V;R>7
M5TV\B.-I_2U^A'&[C)\FTRFT;/Z"BR:F/_T"50$F1&'#<$;D?^]8R^SF*O[I
MEVE]>34">%X7:/^[.+/UJ*=N/*BL?&^^6#>*/77F?ET]]@7>=UG/\KR>GHS#
MV\EX!A( )$&]M>4M2I9IY]M1M..3NCGQLW8$VJNN0GV9V-'Y]=75Z*9[5YZK
MJDQ/?KOV@&5S?@5__' =1_#WO]OI++ZKIU>3J1UU[M^.+RC3Z\^3&SN:W7R&
M^0QS]L?)=!JGT_SDQ_'TNLGK )283_1?[6P&RV]G&+J^L5=<Q@$$5\P-G$Y&
M=<A2[8T=Y4:<7\0XV][-MA44;?69;0#/BSBKO1UU[L*3M0W=G_,9?&96G*:W
M%Q:X,_TX?O_/ZWIVLT]_MM=6K#]3:(*=7GP83;[OQ:Z-%17MQ>.%OW-_GJ_R
MP#WK/*/VJ;]DG]_;9@PBNC,E'];38Q]6]APL#^]A/9G=?!RG27,YM\JV-+M-
MT1Y;N@+A+#;G%S"R6UKWW.,#MJC=*KZEU(#M:V6*;"[48^L^V+KYFQU=Q]/T
M+C;U-^#-MULMY4,]AK6RMB/07V;-G&;;&KYW?8?LT\DW&/N,\(=)<VY'\3SZ
MZZ:>@4;7CDS#O?"0J'P$R3?]'/VD"3' @V=0*7P/*M3-I_@MCD[37^K8V,9?
MM#20"K;@D+C]:INO]?BW29; =G1R.;E>F@I-#/4,C .8V ,!ML>K#XO4;$G[
M7,+-!I]WK5]X2%1.O\7F6QV_SZW+R\L)C-S-7<FAH-GMK8?$)PO,TW0V^1Z;
M@;!X_@T'[?>=I;=2#]9TO:&@V.6EAT2GE5K5L=8^^[=XV?CKMA8_?&Z(-MS^
M<.(!D%T$</L:AFCW^<6DF7V)S666Y3",G^I_7M<+P;53Z]O6,T0?VO'VZ:=[
M;,^?)Y/PO1YMVP!X^-@ +6@W=L\\W6-[%KL77^R/K:/SQ)/#M*,=-,\7Z+%5
MGZ*=QK6M\"UM>N[Q 5O4#JPMI7ILWUG>%)N,5ZO-V006F3BKF_GJ^B:.8ZIG
M9R,[WM;BG>LY1!_:@;]O=8?H42LYO6=M/?;G<_R:3[ GS0TT(A]$+4^:MC1\
M6[$"+3P;7[9C3?L*"K2Z%2W:%2[1VO'EU6^V:>9Z;S>T-U55HB<-S*++>IJG
MVUN89J?I/-NO/LX/7SMV;9>Z>^WKW/?DS#:SFWD;K,]&UO9N;"Y6H(5M\6Y5
MND![6\[:-H5[;.UY_+IP%FA[]O-\@4%;=7Y]>6F;^E\QK)G,.VY$=*QUT/ZU
M8L>V8GVVL/XZKE/M[7AVXGW>TP5+\&PRJK//219=<7H%O*Q=/0*;]</D;B?C
M[OAR6V]Z?,61];PE'_M_TY'AL'J\ ! /7]4G$K.)_\<;.S^FO[P"=;N5G-Q8
M:/#6M61@F[*#M[6=[&M1M,>6_@V6A5SWQS%H9W$ZF_LY;&?RMF(%6MANY%N6
M+M?>MW;D:;=&WZNB0,M;\;9=X6=;ZZ%/V6  KG^"WY>/YV;U?VU@T8CX8Q;'
M(8;BS7B2>K>MR6U9M68T\?= 7[9@?K,CV:F;W\.XGJ*OUEZ]SJ/Q.HYFT]4W
M\_%!F"POBOSOY=?5IK;]%L$B^V)_K!HWLBZ._O0+-*3:I7A%K8Q*!8JL-!Q)
MDC0B7FJ$M4A!<^.5QO<!&.6+,I-F.1K#(O Y^I$%$S0OQ7FH/S23RQ:#]_:Z
MR>YV9[&I)^%-!.4T;H:JU_=4RENC!'9(>*^1M5H@)N##8NF,-B(ZY]I@NL;Q
MD\:_R@X@S9]^(;^\^A[KKQ>S/_V"R*H:V_A'W+]_KVCYQ.MIMC!RE:@&1655
M/M^7&IH]D^/"' #9PN%'HA.^J&X/%CY>7H$M?)J6#B9WW0';K5U7GB!DSV^H
M?&#&>B^1U%$@;7! (CD)/_'$N(C:4+,_%>D=%5\B$P\/]G8.#K^2+.;0P]DX
M;2,VNU1;.:FX)P0CI0E%.,"TU=Y3Q),AUEG#>?+[4Y.];&H>".%CX./^E,M]
M3@% Q20@[X- -$6*HHD166,UA_\I4WI_5O&?9.WM'\4[YOSQ]5,*>EG-_2E;
MIG\S8L,EN .^>MN-T;*-V7SGLVA;]KJ?6;2%_5R='*+)NUV#+&@CSW?A+B8C
M$,_3Q8T_D *CZS#?KVWFXGLV:VIW/<LBX<ODMPD(B?$,N@5-^;K: ]FPX/3S
M@@ICSADW%!D: E+)$T08Z(;*T,0BD2PJ=C@[^W$G=T*DXHX(G90$?1=S)"(/
M*-K 4- XDF0,9Z$?BW? 1?<0 ST9 -E2.MS<07X\;_+<FW@#8QX^6GD&7<+2
MHJBB =T%E PGP7AWW&%ADM2.RI?'E]T&:]([1J5&OJ42UF*+<L>:*LP3-I)8
M9+'S2&N?D)1"(Y:,P,%RRT4'[;[,=D;/O!D>PE*T^IR5F7$,JRL6:SU[%\&\
MK3<MT]L+5U@*[ZCF62A;L&R,0T()FLT;FQ0/&!.R/WG*;#CT3)Y!4"LFAD*H
M%W?\SFP=/H[?VJMZ=G>[_BEQ\W2)B@;B3* *:4<,TC08!#UF2#@6J*%.I2X;
M]OPE,J,_J$K1X==Z/&GF6MM6G?[AHY5W F@.^##A*>!#!>)2492()"8*X@EK
MI9T?U[I27'_M ==2;/E4V[GSSL*?9R?[9UO1B@@3O,,8.:(B(BHXI+#1R$4.
M?U(P\42'0Y<RVFV_G7S)=LX:$NU(407MG*8DH4"$0";PC _32#$)RGOB'D3G
ML4N30<>_&U@'&/CEH7.[\5\^7"41*9>@7T>-H7L8;#>O8T!<&6DM#8D[_H+$
MP&XC]?R([P]/0?MV?@9\9F_R4KE]\)\N4"FKJ!-@:BE8_A"Q@2,7&/35.)]H
MD);*\(((L-? /;96^T'J0%Q8NP[12BRT*5YI G!&!H85!9TZ,DH19HF#7<ZQ
M]2:0:(]^5V-8GO2%VYX^/]":YCJ&E5H+"^+\8O&R<<^X\6PN5!EI'.%6S#4<
M!*J.1]%'LW(6X4Z:#DI"F=V(G@9]$+2*NC+LI"H\4Z)R/$KO+4/22XI8Q!9)
MI2D2!#NC>"*D"R/*[$+T+ ;Z@ZH4'6ZC:+R9-,WD^WJHQ*>.TAX_77G.#7.<
M(,Z)1C' 3S1AB;!(R7A)F#1I?QJ(ETB#?F J9C=,QE]7<51:& Z/GZZ2)"X9
M,*L\ Y'G0#E"2AB"HK,Z*N>DY1TL!_D2*= /3,7.1J^GL\EE#IQU-9G6LQ:+
MPC,E*A^YDGG+3 @?D&8Z(.>H1=8P#88VE9&T\L]_F@KJ)5*A/ZC*G6RM[MBO
MH+C9SHCG"U7<>@LV. =SR3N$8_ (.^U1"I0)SFQDJH-AJ5\B*7I%JQ0O[L*O
M[:1 ;BI68>J($A*49*HL"BF#Z+1"/'(:E'4"%L?]N6%>(C=ZQJL8.^IO=8CC
MT'X?ZID2E0@1:TH%HE88Z*-02"B%X5?GH>LI<M+%/0N_2%+TAM6>FPKK 5;F
M9J^?C,?1+\!M<A*#[/FY^?1AKWJJ]XP2*M\;;-Z]P0I+?O+^A+\Q1@MV\D:_
MZ7(V]:(V)4N@MR<Y[@5C?'<=OTS6 [$\PX3-A2HCI7"$9V/)820Q5\@G%I9[
M*-Q013I<N"$O:I]Q$+@.<# UWR#Y<F''V3Z:+?N23_9W.;#:4DEEB':> 0B.
M9\7:<XN,8@(QI;4)?GZU[07M3_=UD-4_;.7TSA2AC7F+=:T_K6BSK6C%"(].
M*(-8C 1Q#(HV,XFB*&FBB2D7NUSK*[Z^]#K(C_32WK$\H$7;BCX;RU6281]%
M2,CHH%$01""<A$=2,HL!3Q=$!]NEN* 9DCM] UGL/'4ZC;//M^% 3]VH_KJX
MM]J*/VV*5R3QY*2 &:,U02D&@VS2&FDN%!%!<2D[;)\6/UH;DD8#X5F*31M#
MS68/YG$,ZQ%G=UWM>JF_,A93PC0HJ((F1$6RT!50.C#'(I]3!T?5"SK8&Y*/
MAP+\H#M^+16OC24KEE+ DE)$?%(HI @?%CXHIC@R"?H"MR_HV'!8O:MO*(LZ
M&ZS4QD4^HW;LV5P0%$VKJ&:@:,HDD,8&(P%64M[YDL';X*+H0)[B!XY#DJ=W
M) ]Q+-UNA^#) I6FU$F9$N+<$C!%)'0N8H^P84(:A2UE'0Z?BFM7W78#^H*H
MY*7=+2$KGKF_^TRI"@L=,8D<.0-]E91%1 U0GSCAE7$)FRZBHS@=^G=V[Q>\
MQT0Y$JVP?^"*W"9Z<O?][>(2)"@(9\U2TL_[=IK.K]VT#K5M;OY>SRXFU[-?
M[3C,S?#/,<3+JXS9YPA];^Z'@WZP4]_?"RJF!(_82)0<P8@Q"PCGVS/S;6H!
MFK#P+\E=K#\:'1SGHELJF\3WXH'*2RR4(P%)J4$UH=Q C6#52R]48I9(:V(;
MI@QDRE^[4>W_.EORX*R97,5F=I.MO'E:9QB*JSP2O\6-!GO[6BIJ1)!&*^28
M(4@96*4!&8.,C1P'(D501[]3O<_0/C2Y!X5L3PG<ME$?Q\NL)$_38M^JP$+P
MV<E<(>B61R;Y!,H;+#KSV<Z2<S)U<+LKPXW!!G92'-QB^XDMNW,O3L)5$WU]
M+YA^!\'T3,U5#&!&*@R8!9I@6!A\>,]1=%)K[Z.(O,,R/W!,X3),V5.N]8?X
ML;%T_L4MGCV0\WZ%E0=;.2BJ0!_')H>2D<@X0I!AC'O+F3;R:*,F'#4E.^-<
MBHG+D(HYFN(\P-#)98XT\:]MPG!3L4I*896(&"7)+:*< <I&)UB9"!5*Y$V9
MH_<V&7KI'0C(<KM0\^32<R^[CV- YRO8]],_-VNI'Y[<A7JV5"5@]NE\%\QK
M+Y +60LFVB-%@H4)R;$.'8[8RNQ"E2)-OSB6M7);W+A>?Z[2EBN<]U^9I!I$
M9R"(F^!0#!B@\EXEWX$7981)#S9>5U"*"08[O<B;I/!/IOLW.YIOF\[>VJ:Y
MJ<=?MP::;%.^PBI8$AQ'5&&-..<2<2HP(BD$880D6K3:"#F\X;_7B#X4!P-A
M5CI"P^?H([3>C;*:UCXRPU/%JA"44OD66>+6(2'!"C"P;"(2(ZR@,!%!*+X,
ML=$'0WJ&JA0Q_CIV]6@4PUVS6RP?SQ>JL$W<)YY0R&>$W()"+G!BL 1SKA(.
MQNFCC]C0'REZ!:JH_\1:B[=Y3*P]6C$3G4H2Y%[4%(&M9Y%3(B!,&=<Q&,-]
MA_"A9<[K^AO^'N I9J1.9O-SI4\3.UZ387.%=[M :%&Z<CXJ&I5&PH6(HO/9
M2S+FLUS"0R1<$M/!):+,&5Q_U!@&L5)L^3C^!@V<-#>;#YK6'ZM4M(Z#R(-%
MSQ+D+;6@'.&$*$G*"<99\ATVPLJX3_4W_AVA*7^%H:UI^4R)*EB+I=4$.4,E
M"M98E)Q+2 NJ@]&2*=?!R"P3HZ&_X>\/I?).N6V9\$R)2G.OJ.48J1R/QD9)
MD6" H$TQ:"L\CZ'#!98R@1GZ8T)_*)43_LML@'%MX=JX"CSQ?*6TL4HK4'B-
MS.<$(/@$R3V5E!JM$I5=KMN7"<'0YW+0#T9%;82V@N#QPQ7QCENF.8J,<$09
MQL@&(9 G,5!MO$ZJ@T-DH6 +/1L*71$JMA)<QYSL<]<HGYN*59@$2J7+H0L-
M6,,B2D2H,DAP$D$%<HF$+B?W+VV[L6>L]@V^,9GEA&]++_X+VWR=FRQK9'W&
MFVA[P8H%$I3/G1#:(.^YR*[E>GE"'#'MY)%9<I]HKS.'P5 ZE&&PX\7FAX4J
MD81Q3DF$M?3(<>R1-T$@&2*3VN!\6?=8CQN&&,PM]D(GY$IQY,^32?A>CS8E
MFUD]4AEF)?<V(JJ(12#3'-)>,R1L2"893@BGQWJ84&#\.^!T* -QQPN;CWA-
M0*P2R@C"W.4\%X8C1UE 1B7L+0;EJ$M@^&%7B *,Z!6Y/16$^]?\)M-9SJ!V
MFU!G]8</]3CG0)W__1F%8?>**L4X=!%@TUA@F TRYN"FJV#7-&A&C_:D84!Z
M%$.SBTZYN+:^=-V!3N?-T.ELTUV@;<6J%+P6!@2A"5(BDSE/K1)+K#SH8/QH
MZ="G/MDO1L6<=9]SXYIW9\MMEFUE*R-ULMI3H#3U"$<:4<1!(V+ P+8!.YA+
M1Z];]C:P#]UM!X"OZ"[4ZGKQ9B&RK4BEDA8T@08=K07EF><78AF0A_XIGA1-
MZ6B=X 8G28^H%?-X^F;K4=Y%_3!ISNTHGD=0C]I'$FE3O,+6&2ZR"BZ$0]R)
MA(BR%AFA'75)I.@[^,@54E&'XLQ "!Z#0T0K!K6KH**!2VXX0VQ^]INP03:'
MT0PV"2:$\L)T.!8OI,<.Q:'!,+QCT1]?/X3O$_P^_\M3?UC6\@A @**)T\EU
MX^/T#WYR^7H.X-O).,3Q-&OAX^ED5(>\G?O&CK+B?7X18\[=E'MP$6>UO\O*
MNVAC_#&+4#RL&CI0<\YG\#E?\!.8(6,P0SZ.[Z?W?-"< OEA>LG2>A+^W_7T
M#F^R8:X.\\)*&,>5T EA20Q*,N40N8PC'3Q6V278FU:;6L>,\N"H[I9L]\C4
M]V,BV-;\LH5&I]@]B=NX%N\3Z!$@WWZ+WY=NVKF333WV]=4H?AR?Q::>A--T
M$B976V[E[5]I):A(C@:*!"@V2 ;"D(O4(2NU,B$:3$.',^^7E#^[5QX7'9%#
MZ@VW"_445FH[O?@PFGR?'FR-?OI&S )BX$03[32^BXM_-\VG':JI0J#1!! N
M!">#@M(6.:LY<D13J2D75K=:"0:R&.(L=P/4X)PT([RY^>LTYVI<[+,"$T\\
MD'1;BNSVE50A.FZ<U&!L,XR4I!Q99O*&/\/$@ST>7#_1#@:4)\,-_T-+8DA<
M"VZ3^AC#=.$;<F5OEM( !$S,0F$>:''S5NGV\I7#(("9D,@Y!;8:]A:!%641
MQ@I[::C0Y.A3<@\UW(\W3P<!]!"$^CB=7N?5&%J_%K"Q)9N>+EQ%D8A7%J8H
MIQ9I+@FT!)KA2*(X"N*H.-I-U0-2J3<TRWD#K7&_'7N>*U)1IVB"KB+F<40A
MQV;047AD R::P(_P?R^;JD,$\2E,FAY!/(3(6809G.OBT_<_8N/K:0PM)<Z3
M9:N ><B)AQ!7 00LI10,T8"1,4X%Q4P*LL-17YECX ,(G+[ +$:B)>L_3!J8
M F \78!^".OMY/)R,IYW9A.+MA:NM"7<8,\1H\$@01A%)$6*J%3"@I[I@NUP
ML"-^*ADT")REB72:3IL P#0WMRD/6S#HB5)5\M[Q+'D3"Q0YZ@SR4F1/&D4B
M5][JGJ+$_T34Z0?'\IRY;>W#*,RMN/-LZ2J9' * .129 6!I@ _I9;X/:J2V
M DO;P0)3/RF'^L1S3^^V]36U7=+,YQS>]JBI,F\D?R/4.\:A5>3-AS?D#65$
M?>!82OZN2]R-,I<J!V9,&5CW9,Z=)M^^:<]09Y^JJC?T1"M*I&3TW?LW;SZP
M#Q\P(QJS=^9$R7<=K'3S4XB;0L >P@I;4^#F?AR[;5CO6%-E/(_4@BD:-8=F
M&4M1\DFCI+%/EG.;2 ='W4(W/P]@H@V#;3%OJJ<!.[V*C9UU/!MYHI**<^Z(
M]0HEKBSB/C*$ 6PDF$HJ<NMTEV C938>#WTVT@^NY:X?W86EAI]'<3YFX] R
MVFZ;XA53#GM&PB);%18J)S[+B1ZMD%;E2,/QZ#U1AAKL1]>3!L&S')L6EV1N
MXS*\_W&5#^27:14W$FECR2HI$3!QT%.J"')8!>2Y54C:*#&%/N,NF<$.>B32
M/X?ZAK)@B)1[XOGC^&0TFGS/9SJP?B\<9SY<@ZF:@7MWW0!FZP&'-]"K8\V5
M"&#&, :*02(),6<((H1(E*0D40ON;.H@P@Y[NM(W_\ICO:?Q^$1#'T4C!=E[
M%XWR6QQ?/ZEJ=:@-I#E51G"/A-(>68,#2L[SY1W"%)7MR9/]!5.K++Z'$W>K
M\':;%?J-Y2J76#**8E!D)4,J>M 3J(TH*L&MA"Z#OOM2#V&&%U7=D#P<<^;&
M[3+4S=:D;6V*5S0$2T402"EFD"=)(NM= EO<2&%M,I)WV$T_[(G,\#SJ!= #
MT^D.I3T)]:""RGJ30SMQ)"/'B+ 8D,Y1GHBEF&%NJ P=0I\?]H"F$*6Z0WI
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MO91$\0-[ O;)@9)YX9\4W',#^&$BR.>RLS[]<!6#X]08CY0+#"G,-7+8V04
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M<K?45%2FTS(W[@&>"R5/7^"VY-,_W=^_OO_T]DU\O]JDAVW22X]&"'GH.04
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M5MKD*LGS9&[*LYJ'[S#8WR"23CEI$+!(,XAAL#ZP=F(P(!W.GPV1J-,?_MD
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M:VKEA50J+(5W4D$#.USP.925[Z*:K&<\QM)R>;3^J3$[;,M?>CS"A %#G*;
M&T&IL-A4NPM:2=D^)>ST>WTG9\Y[ .Q<5#@ZN;_<($(P$-M""ZBTGE&(A7:5
M=)[HB=X)TX_"CFB_$T(_&P\F:>BGH/Y>EO+;.6R3;5;_GE[?W,>+Q=N Y/+Z
M2-KHH4:11D@P8S@)AHQ8% R9K"9![:P85:/-3'I7#60#8=-2J>_BK_%_9N^V
MA0@7BVR]3I)=79S#E?R/M8LTYH:A(H;A%":8,TEK[P2A#BF$@YV:Z5&U?</3
M4KM/HTR/X2 ?SW9.RH&S-$V:1C!,7  SJ24#3 1TE*LV+HTWJGVQ77FY?MI
MX W$@(,'-IHUCK#4E @B /6*ND!J#JKXM F?")JF>]:_GDX@0"?D+I@*D_+0
M+H$!O6C^4[S\CTV\/&WOY7"CR& #/# 4<LFT,A9+5-DO0S&?6*G>OK61#813
MIR3EVJ9]R+.[HF);>4@E+H^H?-KD5_$LV3J83THD[MMX:]UAX2Y):6&050D"
M*"8&5V%,HR%MGU4YF4J]/13K&P[0?AAD-GD>0-@WIOCN;I$F\R_)^CY)E@@
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M(./KU*XBB8T 3FK*"4?*.:Q0Y<H+V27;>N#M_L[)8 ,C-37NE#]XO=RE)_?
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M]9V0Y#RX]GK9C!T^R5EX:H/31:6CP08I;#WBE1A"J YQJ\%38AMKX.0DY]-
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M"7^D'-B@Z0X(&Z&OB/%CT*[A%S&PE,;^#N+*WI6WB]EF,[^?WS[>:-4RB"&
MZL;\?A#3S?T1@@X?0N??+*!$5DM'/$708XRH):;"F#J07@Z[-XOE"K^$H<4T
M]J=@(R'*.UTNPQ^V;Q>Q]%C_%E&&7RUD#!%04&"I$()(> 3K8P^3/KV@X>"?
MPXBFT/""&)OPS3[PMX\N-[6\V[_G[2JLM=S.U_OSUU.TPDX08*K49>_ZH>.\
M"L>,4\XZ8YB26@IDG*\W)]DE"6#HCV90YF95'L/*<.SOS081?)G%HO";_W\7
M;,S[[_L^;7\O[Q[*_AQ!&7ZU\))[X3 #'E,@!*-4L]JFY6*"9=HFJ6"&%L38
MA(]@-UIUHI)H].X".XVUE#@<RUS8(025I#Z0T6 O7]-&/R"#6FST?<AA"MR]
MK,!NED_6WKO)\^*O%199'I0V8]AS'50UX8#4YSZMK^@P/%5^#R.9*3"^(X7K
ME7NFB93!-L-&!+/,4>NJ:U7"(4^_D.PM=6V"!D,'1 <+"7\^ZVK&X9\6N^A
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M%0A#9;SPVE1 <,TZ9'1/.:5E- "GXQH)"]E_"OO5=')W_/"F@BC#K!0Q#RA
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M"]5?3UVAQNB?JDR3!L5UB'$<\;6H*]2[]++X@?JO*\2=C]U(, L&GB-0(HY
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M +)7[U("%OW*[[$YPOE=]\5G"ZGB.BA% DFI$=6<PFH5UG7P$F:/>^Q5HEU
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M/OMSOCB$6NQO+.YNEO5]17@@"&Y=_6/L:]6HK$?6WRDD!A8#P"A4 C/J-9,
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MS=GO^O2  E,)L.?*08H9IEYB74_8"YS^/<N)RS(K+D-]Q_54X^(O?L$O/%T
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MT<1_N4#-RR,*:HPP4EALG70B8,:DKM&2Q$[;&N@HLTL,Z(31K\>%2=H!TZ#
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M[=G)6TL0D\1;"HR#G$OICI-W';R3O>5E9I5L1FP&\TQGZ:@1C!B(5+!@)0$
M<8 HP_7:8(<#<L\UM?NYI,H T6#BS]I'(2S146J\UC[VBT/4*U:?) DVTS;6
M.LJM<4.%-)1^349,TGR;"A'&)8!?K<O;V>9R*\R7!Q0*6<.E"G:'1(BCF Y8
M7<% Y=@$VV!FD-0)V7>"9IQTZ8O-LW]^N&!4$0,HL$)PJ&DXYO#Z V% I*>K
MM,^1'=\(Z(S/.%)_,_O4I!7RRT,*%FM_4RC#^@!2"@6$JKM<B V9?*/L=)&=
ME7YGA'Y%+DQ2\T^! ED.^'Z^#MHF[&8/LX=2KY9W&[LKPU/R?;F>EQL$@%2S
MK?R\"EA1\/FQ?,O9LW^'-Q:*@^BZH 8"I0!5+!I1AR4#,FSGE)0LMA3IK<:
M+I$MKP+BBU?S9;FI^H*<I<*IQPN#/4#.:ZL<P%3Q?6^9^O+)3^@RKA<Y9\*E
M@T\O_"6[698Q&3*:,:]69YKC71Q3.**1#Z0C!L&84@F%\#7WK$\WZ 8J?=51
MG#G!293I^W(Y7ZWKFDMO5MM2/:S+Q\/I'V\V;_<Y\.7;Q>QV_W=/DBR^SK<?
M(Q3S[>ZQ\\[ORR_E)@AH<Y81/?YB$<X\B#H.C#=*&L:%<JC*.<0,IWL)!ZJ>
MU9%/TX%VL O U7*S6LSOZH2-H.TN7?Z?&%(PBQD/NR?&2G%A8\^H"G%D%4_?
MC-J7UAG_=)D)I3%Y</DZ^.2@0D@7-EZG$9*<>BD95_4JM><3[^#<77@-V- )
MJ5^5%Y,\<TZ)#N/0X.ULO>\#<SX<\,S3!0I[)=:2, >-YIIY22MC##&H)^AK
MSB&D56Y@!KMBV/VY*?]K%VNZ?(F&3H/<R)='%#'M$R,,(>'* ,D0X-7Q&!D!
MT@,#VQ=*&]\JR /2B"2X?-%X:DQ!->*>>V(]P011BAFMXJL0"A_0M$V"SI*[
MS(1../V:G)BD.3 =*DR" I=OGU]ZOL#*0HPY%-1;3N)>JEQM.QDX08,@@YS.
M2SX)F:&D_NK0^JUAJ827'B^HQ% 1$O[/:&.IX4#6.''2(4F@?4W,\6V!# B-
M)?N+._[+ PJ.$2-"$@RQ$-1:'DY.U>J44A,OFM1-8!>DWPFA7XT'DU3[4Q!_
MKFNH>&E2W9;4'NY+]U!G!A6$:N<E@EAJ10#R7I*C!K1^4$.NF3;O*H%53]CD
MNX=J?8U4756XH,,$,DI[[Z@R/J!0NS>PQNG! +U=$F<49C9<!MN4Y\NRNLVN
M$QH>:[/KU7J]^AK3'6:?P[]YL2URRFL*+T6P48.9(P@UV&@,?.VT@A1TJ&[>
MF_&>M\AJCVB-$TIF5HM8 VX]6[1M2/G3P (2XU@XL1!L+ 02>@!)O=U1G&[D
M][9[9.9&5GP2U4'_I>\U<TH+SIDCP@ ;$&&P)C6CZ39<;Z$GF<3<%T1=)#U"
MX7N"@(@A%9Q#22 #RN-Z<5)U<-WU%BJ26_[]H96%"ILWK]^^,^KSY_7J2WEW
MNU=5]P=5U8@$YUY0 &PEQ-88:)FT-,!FZP4I0(?,)QQ;_!EQ&LR%.V#++8ZP
M)U0H'BP=9W' 0/(# M@&:RB9*;TU9LM=D+\?I,:Q$]OW:&1AAT.,"V^Y$%"[
MZ"JI5A4#]0<,"YN"/9B R>"[0GV$:50,^?ATH3%5B"KH!'>"6:^4-=6Z).S0
M]KFWKFA]?>O)H SF-BBW8>NIX^!O=MO-=K:\"S.^> "\-+3 1@;HA.&: $N]
M#;M:Y?'"0O/TLT%OO<]RNP?R(C04)_;.KK>S[_%>ZTE-^'FY,8O99K//MS6[
M];H\2X\6;RFH\9@8@)#CQ"-"'<7581@ST2%F&/;60"TS5?I#:TP'Y+LR8AGX
MWM4%>?I%\>Z%:0&($8#:L+5BJ.M]50G;H4C1-7LALP&6>A'Q=(EV5WY8/>TN
M<>HRXNR@@A@9YJ>\EA@A8X%BJ#:,$3[VZFXOZ:G[%+.#,]2F\"X<:M;SVS#+
MV !6+>\>\V'VY^4S6\"Y80567CDA:,"*<@(4=W5]C[ MV@Y)JE/W.?8 SSC'
MQ[!+E2TO&(Y#"J2\]T8)K90*1A*V#M94=X)T* X\=:=C9FB&#!BI%O]ZMMVM
M]U'T[\K/L^][SM[<OUW/E[?SSS%?[DWY;?OA:[GX4KY>+;<?+T67);^W<!A@
M"&TX=!,9=!<W2K/:^/:X0Q+*U)V78^ W6:Z]6RW")![ZHMP+KR\ (?NMF$DF
MH1::"%P?^ZAS'5J27HLS= 08)TG P[+V:>M?5[EX]^-;"T0M1$1Z:)RDQ DM
MZI*VF/,.KG=X+;[7X=";),LRTZM"AFEHI?<NG!E=T #6>0IK/P0B'6+WK\7/
M.P!L1T(-T?M\'\M^JL/Y81J=?^UOJ]7=U_FQ%W;//S-VV_9J'J\:=&Q_]FRA
M Q^]L\)(!B@AWA%&@GH#,/R7X,U*]?1T3U2G0U2S;MZG_8<1A61*2>J(XT&+
M0XRUM[9:(Q1ZR#C"LRW:.TCG9'?V+DC,^F_,WF\/-6<!A%X',XXZSC&+5;RK
MY6K1Q1!N+?C$3*!$\9UIG]8.DW;V1E]]MY#A#D#M1-"<%DC $4/U9T#M1.M)
M=D+_5 .N-"BN0XSCB*]%^[3>I9?E;J3_]FD(\H "9R@<C#D6.'H%JV60<)(9
M4I MFVTUED#K]FGM0$F4;5_MT[R22@O&!0_X6$,=%36S'2#IL13]MT]+D6AF
M/(8ZE?]\LCECX1="2VNP,H9A324W&H15/*Z 1<_J=+[1_.9O(@C#W5I^7JVW
MX3C\1P#W[6.9U]E#L/;\;+[^]]EB5_Z^=-_"83.&]LS6Z^]-PJ727UI  C46
M'OP_]MZLN8T>21?^+W,_W=B7$V<NL/;QQ.OEL]W=,5>(,EFR.$VQ-$52MN;7
M?P"I*LFRN-7&(KL[9EY;<F%[,@%D)G*Q F'C&-)*5S"S>,<U?ZGH[=V[.U89
M#+:ASXAW\3B;E4D=^Z-8'F,3^+5!\%(B!(W!C"#$G$PVI&IUQKOF2G-OK^#=
MGQ^M(!G$LO9N$?^:?\U^]FY5>S'2N2U>]51,L4A;-U],'H^Q?NUM%XC&7*D4
M0*.PQ\0YA(#'U (JCG82'&Z]AVQA.]N$5'U0&"8,=,IOJLU*M%TG1XZ+(5/B
M[+6&=42MHA]<+MXV%B^H=#1BJ85@'E%+M:J6RR$<,CO&2;:Q#@BXQSIV&BKC
M,*M@JQB5GOO(^!!  R$3U9R1QNIRK&-'H[_+OM(,BLL@X^BM8[U3[T*L8\X[
M8Q"&S!-E!%$Z(E+C8' +/^+>;2E'4^!DZ]AIH RGB7]?SQ/\CVISD1Q(-_?6
MYT%P";%'(-XW5@,BN46L6AE%LKFAY73M^4P7:8?PG(OP!W.,O=T@Q-5030G7
MG$,0]XBSF-0;QC$[SKNW&X(=H'XKA*Z-#T9U>8^)_)W<Z9O4"'MO[A=?!*VQ
M0TH I^(B23S> #'5E!BW0WH%'&G9:HMMT0400VW)^EY2Z]5M44;A)-7;.7 S
M[VX4O.;64>@01O$VD]AC\"S3>-<\G.-T0^:9[^?.0#HO*QP\H_<U"Q C[H2/
MIYJV0C( &+#/F\:P<=_879#P**YHA=8U\\<H;_*QL<6YV&&5EXML_CE_R!?K
M_$DE???YR\'D\0=:!FTQE8 A:@SC4G#.7:V],B$'+2ATG,C0#?E^XXDN81J*
M+;ZLLM7&"*_7RU24<_EE:XH_5()N;[N K5'2:V2= ]QP#JR5U5J-;5%9X/0@
MT3.+%5WB-!A/;*=XN*C(R^^")I!R@P&4B%E&L1,"5&OQ"HS4TMXQG5Y3OP.$
M+IOJHY0(QD#L\Q#9%.5]4<;5J\7TX^HV+P_>_CM:!,Z888R;*#11JEG*R/WT
MH"&BKDU&:"AH2)_?"@=V@4?3]YD/[Y]6<:A2P"^?!<(X]< B RCS$BK"**\F
MYR%L'H7:7_*65L3J (21^2 [BQVV,K*4X]@JXB7QE4M'1*1YIJ7^\JZTIF#'
MH#2UGU83J'?^*ON9_DC/VKLLJOO:!.2H)#P*E)([CY"E'.MJVE*WR:'2N\+4
MB;M1UPAU3=C\YB:?K&8/^;?'V$B<2N-7S4,$0POB)*34>X*%U*"&1U+6W%FT
MM\-W0'*W ZLAY>/ZRCQ;YC;?_CE;E/4CPGR6?=MD<9NN\U4QN<WB\F>+99(8
M)Z_FOH,Q.NH]&!(A@!)ZRZU0E@!1&:<VFZ#YVWEO1W[W?',>+#MCJPA_7I;Y
M-$XC6R[SU:)8E=O$<7$!]4*RM 'B.K)E5N;+J  6-T_SWBYJ5\& WL8+4 CL
M-2"& X8Y-L[3BE2$0=Y<N.\MR=<0K'<>=#MCQF<G]9_W45'.-]OFEZD=S6>'
MNPJ4$>4,I59I"+ED0L%JQQ'-^ BK$PS!0IT#U\K1[Z^K='[.\N6GLKA/;MHI
MG\JJB#\]S*:Y62]7<;+E\L=L=:OS123&:OFY8OC/<>Z31)K98F-.J2_V>HD[
MJA<,.7Q0@D9- ' 4+P#LK'10V1I,:T!C+NPMV5?W7#A2L(<R>7V\S^-4(Y(I
M3&D3I793E#^R<KKO>6-WHV" @<QQ':%G!!B5*HEY+"#5C D-FFMOO27TZB=8
MI#.(AF*$R.J3/)\N?03HF7'SF_5B+ROL:Q8$\L(:!24' FD31<S*RTA$B5,T
M9X;>LG#UPPP=@C2@?\0OE_.[154)1BVF=I9.Q3CYS_DDGST<CB<[J:N@O*%Q
M6C0*@D10Q D&E2F2..R&K,)]5K;I&;A!?2OBI+<@;5X%#OE3_/IUT&DYFI/D
MC:(901'$6B6@&+5X1NNM"$-?'-$6G*&)[K:2_+%4?_EY<-9%(8DQI0R1FC.&
M(:W9&:(6V4$OQ!3<(3H#BA$W^3*],V=SG[]IG-GU:?#>8R2$03BE*=."20:>
M5^1;)'FZ$%MP1\@,[D/I?F9WLT6VS0[P9';<BC=J^M_K;?K_)/M\R5>K;5#S
MWZ,B%1NFC!B5D]DQ7I>=#!08H@@2;"C!7KOX$^&H0M.[%J^%_95IZ#FB_1RX
M#I+DXH\D-YGB[F[V:V6/GC)=O![NW.DNGK70-+&I2G;9Y1]'Y+O8WS 0!C66
M5G(#(8=$68B1X^EU&>DH>QY5Z*0G/ZTZ_^6;2S@^#^SNYB%)U1I(GDJF X@
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M^M[>@F,"(P8\HPP#X3&3HC[)M$?-$V2>7F9C5 =]EZAUSB!)ZFC(#<]-@V%
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M:B$W%M4V$T=:9/)AUV1.'Q3D;GC/)]M8FFMQ\^[SIYOXVZ-9ZLVFP3+)@;*
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M&(C=C2J\<6=_<O-XBL7_>%.'Z.]7D(]I&Z3@PL9A.:=<8)2*,N)J&0*:$68
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MIN=G?[HMS>[W@WY]^^GM]K C/D)[_JZ??H8";((RG!D3)]U<LX@5YMVXQL&
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MD?!"NXN'$2_=+?=4I^;'QVR7__,?_P-02P,$%     @ BX%;2P1!VM?_G@$
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M$0HF[1/SB"C34E#,Z!T5W.>9/E!YS>H9-?KU.F5?@'P%[MG(Z3^;"<#()2:
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ME_3K]N%A7<]D)&L&@!TJ^R&_+<K[>@ZM/W_2B2"PZ<#3<:%+AYX1]E!W&QI
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M8U:AN6^J%T)<W"=9O@B"R M-+R8>@J''UF(@V ' [MD3+#2T.(D8WAQZ#1O
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M 78@6.!'CA^CR(P#S\-6UY*';(MW)"S[?,T2T\!Z+S>XE>;L_%!V#+K$M.4
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MT(:7U5<%C$B_(G_+-M_J(Z;9>JYOV<-U$><;FA*TF8"-;(L$5A";,7$\@C"
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M%@0X-&WL0,]W"0RZAF D5BV6>/S(2B.UEDN&-3Z1T4S8,'699([K-2,GA&4
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MRKAC&*GJO,OR]D>_C!0IACA1<^@8R7\CQY(+H[7KPF@L8V?@-+:QGU#KWDB
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ML>[F/-Z;\WB[$S; 8UHF=^F7]#[)<OIS5%!#DN5FFZROT_+>7F#D6(%KFBB
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M&>;L=?7)035H(]V!3* SWJBMGUD*H-BW0X+]5-WLC83UR>@1#>#3^G'ZZH#
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M@BK9;7MJ2#Y?=!B=7S%MZZAM\!F$4=NM57N^B6QL:OF+"*-3+%<U4$ U3XV
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MFG^&2!XE5^6+F>FS,K..J:Y:WK@KV.D=2TF^I ]%R;;.]FOP(8YC! //]N/
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MT6KL\0&/?HYYXO ?29FQW>$?<AIW:!H0YYNF[-B=H1%%T(IQ#&SDQ2:T0H0
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M""7-SW6ILTN-G-R=8%':)R9-C\SF,)LTJ>X(DZ!+;!/8JR#/[OQ2)6-^&=3
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M%."I+74_SMPZVW0=17MU;I%]Q/R:WJ_Z'6:,&+"0 8_Y)^POQI82%]EO["U
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M#W[??2KV7\MUL:(9#",/AFY& LS .#$9ET]I*+93R#($VYN$.!J^<E1W>&[
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MOMB6Q5U[U'&%241=A*,X#(GC8N*S7X;FL N%W^#2:F0RD>W0 08/=/AN^L/
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MW2 JH]U+3F(^5G79[N'@8X#8)[$'89C%)$M<UDKBN$,3@9L%,L(B]8,MR\F
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M;KGR?(JBA#A!"$-^])K&\+AMDP9""]33(%E.L7JL4G6*&..94JE+YTR2OH.
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M8 4MV.-AAF=Q[3!']77)G85E.246)5A!I<TQ+2[>LS"NINGFF!?1>U%BSMB
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M8N/WU PK7C6FS;30OFX!,LYMY#;)X_Q.8#:<RE)_$W<$6NX?^Z>;>.>K__[
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M$U*JJ-\ZU JI^&4*SDFY(>(6H.>F(JG,=ROE!0Y<UCG?'UALMGPVY:':;EX
M"&$,P\ +(AH1&B 7NLYP(PGQ<")S\LYDLY9U?X#';VSY_\G[UMZXD6O;OU+
MQ;TG 30Y+++XPOU$%HN)#_P09$^"@\%%@^ZF)&9:385DV];Y];>*KV[)ZNYZ
MDM0D0!)[/%:MO79QK5WO=C__?=ZN5'S+JR>PW]%.]DA_6[37LJW9#5(OK6&,
M2E+9=&=)>&%BR@2I3GH<L"Z.=^FU@RGYU[4^()\'B:G_"P3Q3>_K8GE^<S(5
MV.EI>KW<25A7]-BVUC6?K?^U+^J"]>!6D%=!  /?MZ. MN>''H$I2L<QD>O(
M[AU7:]2P;;T[/A3^E:W#M86%M/PI,BQL.M.1JVHY ]).Z, 1UJX>F(MR:;^9
MCGI=;B.= @FS.<L.G]7H(7AQ1J,IK-,VHY,W"9/!][07YL7N[*YPM@!=Y5LV
M'.A@.= F,70ABK$7.HF-G718+B&Q&W,_>S\)F.G6@T_M[V*G(?O-7=O#F$I:
M0PWE3-C.YD^7JLUU$="<<1V;67X*I>UQ_E3JLDUC*96P52E6^>S6;,(69\.&
MPSUMSU/P;,JVGV\=<UPG\1V2P#BP?(@M*XB&V_B)'3K8I&>+(5F&81_MR.[D
MH=^9;5CT!9-FQK3-Y6M:Q]:U_]I$YLQZM;D,SF/4!C=9B_.IT:+E\O0V_5DR
M5D5S5F%8_435\/K9YFC%[3V#%;T<ZD<P@#'T;">,8BM!-O2<<$"&XH#[8;*I
M\!AVZ5?.4CT.SQ%N7BQ?#DN7NL[7:$R:L#\O(E^J+OW329KKUU)W!=I(0*1M
M=ME<'G4=DIHGG\9.2&G*J_K1*&Y>^;S;>-86Y^#F(^8^$66*;:Y'O.NF>&##
MO6RWVV=;9CEYU3PUV8_\QV.^J_-5%! +$^1[CL.:M[#O#*\OD,0)N7?OJ[=D
MV(%'@*!#" :(@&($/4B!!YW5F;ULIM.2*F:3R^-3X/GK27F5?-Q:B5^N)ZLO
ML7#"7/2Q-[]M:(RE--&_I*6^HAUN:,Q*/<\A%L2)#6/'(B%*QFVI*>$_H:70
MQ-3BSK IBY 0A\)J;HH^11F?GCEIW3;%H";!YF)20JB/PN93:!F>%B?-4D&<
MUF1Y3GC$N*WOJ8X]Y#\:V@3M1MV%ORL/VCZTG<#RJ?23&*.4C+KO^&'"*\72
M#1@6XFZHS("!$9GP:V3R[%T6X4F($Y/@F3GCE]])N),37QD.>:3W5,@GA%>9
MH?EE5SV$4F./4=YN/DRF?Z(-TRZUN\MVFP]90<5_QR9BZNP;_6=UORC>E'&V
M;=]]3JKLMOF2K^]WY;:\>UJE,8Z0&V,G\)$;."0AP7!F-_5<*+O=8&*4QK<B
M]&>NV/,)=4T_XPTHAXAH5;0!#X>8ALH(],'U5=-6?MECZI0++X8L.-NJ2R3C
M]NXAMBOPZ5GFC^(;,SYL16E*,,0(VB#!(<HWTQN4]_(OL%=HW_P_6>]0.#6@
M)P]BQPPFSOW\5<9">+A\D&&6S/#4.^]V=4/MLOTT^[/HN%U%\E""L(43'/FV
M'3B0(&\HK=(P3;AW7D@W8+C*.,8U7IN E1=D3X5[XD-69F?^;U ]A%)C;S'S
M0M&)[Y%!&ZK5%8;$=:(@"MPP#I'M0"L9KJ5.?1+(UO;&<4VVL;@]FZKEZ>)I
M\R9<H"\J9:HE.<\^U).%52NHX$9U)YKY')MY&&GJ7$_Y7))JSG4_H\3!-5\Q
M/5E&Y[?NV2*7?(A)/_LF]S)_I35^N6/?8W]LV<7(3Y(X<0(*TD]2+QBNJ4ZQ
M0VS3>YE%\4R_E_GX78AN:SH;MN_*!GP=KV*B?\0Z,;MG.BNV8+VOF_*!MFY^
M>ZQP/H4+AT6D4K5@$-P.>PAEJFW.PGDTO\W99#YGVN;,G5>3VYQ?\*IYF[-L
MUA9G_.8CUK#-68UMC<] M1_2X9KT\K8_ ]N47UF=LBG:*;S1F%9V'$(WB4+L
M14F40L</4CP 18FO^TDHW?#F+0,>QT"Z,TUM**PJH!7!$ W[K?8ZP%RZ5<N"
M161:>Y7P/*KCARO^,(G7_J;4G!W _/M2VCN"QK>F!)F7*CR,IWGI=8AY L3?
MHS*;"\FWJ8951C9G\N[%G$G4'?%."(8X"A&.(]IL$"(K/*P<0I?K[GYSK1NN
M,0X;!T17'Z9X&^DR?Z_(A_E<+/)U))WQG7\>23N3$B.0<;-YM]VQO*6_S6_+
MJMX_5OD#E:1]U62/CWFVI3VY8/LB5RCU2)H0E]@01JEGX22*!TPD]64G&0T@
MF>PL3P>YO=&=@FZO,>IA@Q8WZ("# ;ET(6DB7<*#A9DSI3HN^(.D3;K4GSE]
MNJIZ VF4J-[%R>0KU TF:7$UN<E83Y??QAGF<N/G;7^_+];WZY_?:_G.%J7&
M>_%7%DF@BT++2FQ,B&^C!(\[E?P <I_-,M.Z8=>]_OEK;X$/[Z0\>QD",.S@
M %Y P<UDAL-L9T^*H,&^Z7P(N.CL>9%T3B/YX;)*&<9.V:-1]A=@B6;C*Z?J
MQPJ;8^_V6T;_T_$C6:\ 6SG4@&.$( E2-W"12\+Q;OXT\!"_^YD"8-H J_P7
M=K-*-0)^MCRNL 526P8D]K/.0;[ZQM4Q \]>=GM-69>0%H4MJ'.D1]]>4PUI
MDMI,RLD:[ZY1W4E8@.T9#_'</E S?"J9W^5-*5$20.C1_P9QY-D0^1@/=X"D
M$?U?9?M3AS"O ;9O9K:/9[)='E6[T[,^_I>SNLZ;NCW.N<EO\XIM^%S?9]6=
MPAWS6C.H8)_3)D^C@9K=N:DU/1IL=-HT&3#2R3=D"G G:J?ZDK%@0]48)(^E
MZN:4=]O"E^Q'M/GGOFY:Y_Z<-\VV,_%HM_EUMZ_WV?::&GL[GUNO?-OU+!02
M'"6>:Z66;:%QZP2,7&?U+:^^EKR;%O2V+?*!'\.4V+)P=!O*+F^.;D+9EG5-
MR^2J>F(S!5G%.5]G*!GG;7'^+(BY(<4)CH!>@2.H5VUQTJ,%![C3;B(18O+,
M!A(S&5G&YA%#L953]&GIX<J'DA42:;'--U07R'!C5GE+0:SSS;[*MI_7]_07
MVWQ%(A^['AT[I1%Q@\0)_>%)+L<B&+J2PQ6=$ P/5W[=E8_=*9:'%C2X9:C;
MB?C##7!4>A]'Y*#NH4O7NUHS)#P<F2LYJL.1#C=(Q_R0X_P<P(//B\J/]'AD
MKCSI&H_HRY?$@$2 /+X!B8EL+&Y 8B3(TP,2<YQ*V.;'_</7O"IOH\VF?4N#
MMEW<[5AFZ!^N$#M/C@(_M1/::.!YB>L/S:/ DIW74VO4L#5VX-I;&$=XH#[@
MD]971:J%'6\ZEE4][D#Y 2OX/#_ETB8V'?6Z;$LZ!1(N=98=/E_20_#BG$A3
M6*>]1R=O4FM*S;[:E3ORKWW1/+V^V+4B,"2AXP=.BM(T#:W$3D8401@ZTHM)
M&MHV[#T=1D!KQ;Q%>65@0X6.#$@L!DU,OOHJT) )TF?BQ(K]S)E06/>9."/Z
M%GQ4,R.UTG.9+=XE'HV\+\[ ]$9W;E%'.XN2EV<65;XY'(S]='N3[_+OV==M
M3G9Y=??T;G==5LUMN2W*+R79YNNF*M:?LRUUVS"-<9+ZOHVA'04ACF/+'> Y
M&(4*-V>: V7< #OP/UV T>,'>1L >RG\<0B!G8+/^R! S:)0NG'18$(E;',I
MN53WTSZQS^\U&(,!9$SL]7%BAXC YR4G5ND>S64D6,Z>>^6E>>VO^"YWYI,M
M>8>F-,^\QCY%*A?H^).$??[JS*EXUU0C),4W:HW%;;'N!"-V8$2+$UJ34#A.
M$&,GML997N+(;Y]4;WH>O]\\1ZE5]H7)U^+:)GDWY,W)DI*@U6%-)F,"'^5-
MC":??-&<O!O*TOXF/$\Z.#%G4^-0RK^RNMPQ+V7W37^A7:F^+[>;5>K8#J)]
M"8:)C4/7(B$>5R9]Y'(_E**I.>,^-<!J=Q&#9@"FH(J2O$K8D7E*U2UHY+>]
M1__+?/PJ.(UYGF7=191=*>MX-7Q>NU#C;H$6H1C0.5O0P97T7I%/MQ_RN^P?
M6=/4GVX_E]NLNKXOF_);N6VR8HVSQVQ=-$\K.X2.':(@\;TX@7:*8S@.K.(H
ME+V12RN&R7:2/%"TWQE:]IL6+[C^.[BE*+NH%#<XZ$J)Y!:3&;*A;\<)@P[^
M\2(W1_#!@'\A.5+<DS)#KO1O45'/F?2N%3[^1#:Q:,[(XIS03)27MK@8855A
M?^6(IKS]1[';=/.2(XP(V@D,'#>)(,%Q[")_.!WA6$G,_^JDD<9G<,GV0B"*
MM%_N4][_I\B^I"].2;PI0V2PA^4:34ZHG [E;9G3I<6T]PFE1V&KYEG&Q+9L
MZB%_H3:G+;S+6SAU\JC'V$[:+-Y7%?T(/NV;QWVS"G%D![&?>&Z:^@@E*+3#
M 1J.7-G3=^8 &3; '@PH6S1L4;RYS\%=7M+_JQZR[3!.? )_HG\VFJ3\V[$&
M4Z?#*6?(V@S#R2LPY+V+9XG9U&FT,V1UQH$G=W;U>#(?N=(^K3EW;\&[=8<L
MY.=&^);P^!;''1N#M9_0ND=1[#X,)K2B'=5Q+#<F%B:^E:1QY <#AM2&J:29
M:VC9L&MW'_\!(A@PZG)I'>0+V_'$O*OZ[NDDT!R,D&=-@;2'3IP*76:IF!()
M/[Q,%)_Q:21\<0ZG,[;35J:=0:G]*L^V?K(S]?NJO9CFFO;<\9WUPP'( =O?
M:!^O_SO/*KB*;,^+;"L)<4RB(/3MV$H&D*&'L/3>%O/0)MBOV8)D[Y=4Y3<Z
M.FW*]I88&LGQ@?F[HH,.[AEV]NT_4?P *NSGF""O$GMKEI52]7TX+[;H'T4$
M6$C=IL2N"QR=%!_" FU<5^"_WT"R%3;Z+"OI^DY63I)\J;U%RHSS[D.:+K6+
M*Q(F#?[<_J:I<S!+F6&O2$SLV E=%UHPM2WL1TXZ@@S3>+8RXS*TA9<9]HS.
MPY'7&<H,O2E=5)FQ\&3/6&;H3?HBRXS3R9^ES+"G*C/X4_L'+#,$@C=99HCF
MP%R9T4Z\I/TR,2YW=5/MUPSU8>+%"Q.;X,#R8 Q#&*9I''GCQ(OKR4[43P=P
MWI(#T#!!W<YM'K9MLW_C*SL1U,=#_[*FR?\)\VZJ&)DXY9.6)-TD]Q <.([N
M2L.ZPX39-UV=3-P+9JE1%'N#N4+E,OE:RQ6-N7ZK18M."I1+%^WYD"I@ON6[
M?<ZX'5%WF[JK@F9O%<?$\5++CBT48"],$QB,%11,O4BZ+%%KUGBQT3\"5G4X
M:\"0'EUSU:)4\ ]%TB5J@NGX5G?Z%FM'^4'H.[AS,Z_@Q]-E0)_+RF="RC7/
M4L3KA7IX7J##:0KLG&_IY$["C:+=;I]M>QA?RJ\Y+K?L.JA\\^N. J =R+MA
M2&ZR)E^E#O%@& <08]<GD94D>-Q>9UF1K#5IQ6#8IVAE\5C6W5!XW<$$M_O=
MI@9[AO7G>QD?C\KD1_JCI(54;Z:$_6RV)*F:6P=\5-8O[03%"!ZTZ &##UK\
M@ 6PD"1)6]]LR=+E@UJ3)F&,(@3RN:21E"S.,LU$>=H_#;)JQ$S] QK7MFP+
MPS0), [MT+&1-=S%#!V,+6-F*H#!L)GV7WD_Y!OGCH>OO'?4]@.OS*JR2%X,
M6*>AE$QEG?XTUBF2)(/6:2A94ULG5]*,6*>OW3HE4O(&K5,F2A7KE&95^[)N
M-^K*-S?]&\C10[G?-:LT=DCL)"2P;!^E."3$M@=4+DS,;!>3Q#+)N+2;/VT?
MF&5NVEEG<Y\UX'NQW8+V(8CV*I'A,6E#"W*R^=*\\CI!JB989!U3.X1!-;X-
M9&'),[1P.D$2)UPC%4^F]L70UPG5L>ZIF*K%6;+9:&57,[6P+&'1^8]U7M=5
M_\[0/_=546^*=;<3K'N<C3G-]W*_W53=/<VTP](QW"H(D]2VW! ZM&[P$+00
M0@.RP(.RT\;&\!BV:M+B!M7X:M=SZ/U#=[UM,_2@AP\Z_-*R;RZ!PKZ]B-RI
M>G?^QTNDM(<O(J&Z?-Q88B6\7)98/C\WGK;%>;KYB$_[^D1L2WA[5VB0V]MB
M7>2[]5.VV[POL\V';)?==85'5=Y5V<-X-\OP^Y4?HCBA_X%.@BT+NB&!PWXI
MF'J!+VGNY@ 9=O?#U4B//:+A_K+'H?3O_^#P7I^T$1A,F["E+R-CJI[>#]P.
M80 :!V"!@$,D8(!^?!/6\,^6F$QI6U]&4G7YNL'D2CB[-+=\UFX^=8OS]@E"
M/FWN4_$MX>Y]2^QQC/HF;U_5^E*^Q+NR?3M!D1]Y*$4DL@FR[.$B&IC$TKN[
M]#1N?OK\N27_!SO*U-!:_^M^<Y?+3[5JHE[8C:=G7=5YAQ2TD$&/F2U?_J3:
M<R=#VDVG3XHNY]20' F'Y.*+SPWU4K\XY],<WFF7,\&CU$ZKAK;UR)J_W=/A
M=$['5+?T3W;L6<#B6[Z*D!]XGIU&)+!M-_"M)!J>?H)6XLMO559LU["/O1N
M@*\9&VJR=6!V 5T#ZNQ;L;N3'YVH,RZQ;VI"LM7W2HU@08<6='#!B'=&[A6V
M0TV8 WU;H.1S(;7CZ3Q'O+N<-#&].'/2%]FYW4Q:V=,PA?JEU=U\\[D3WK_^
MXWYE$\=/(]\E 4["(' #A(]LT0\US95*M&S8E@9$@PNUET(\OZE*_F8('<0K
MSW8:YES_M.:8DA[Q%:"89\V!MDE*P[DP-QLIEA,-4XX_,R4WMZC ^.+<2F=L
M_+.%R@S*30L>6V2]+3:L[76VS1_VVZ9XW!9YM;)A1)S0LK%G^\CU(8'C([K0
M3J)$?EI00^/FIP6?58V@APE:G.  5&5*2D<.9.8')Z9?P_S@V\B%RO3@Q#G1
M.#VHF!NYV<'+=''/#FID?G&6ICF\L[.#VGDTN9NEPSM.FGTH=L7#_F%EH=!V
M/2OT')RFKILD<3"\@0O3Q".F][1(PIK8#,UO=)!-C[F]*Q-D9NH=+'U:QYBN
M0!_5<O-K?CO+!'F>:U.+>+Y-[FUYG6C-.UP4L[DX/Y\L< V[7;1P;[@&^&=[
M[)5DU2[?C$A7MANFMAU$ ;:]F(04ZGCW$DQ]*/OFD7E@YNN #M=1O9]3B$K+
MBQ.DRVA58#Y3,]0%?9J[J Z.L>0D3U(:F$_VC,6!:-(-5P>O<JV_/E!+Z9NN
M$!1#UU,CZ.#?9)4PS,]W?Z&?I5]Y%KL( WDX0+Z;0!\G]G@NAR#?-ETBR*'Z
M(RWVZDZ8N2+!?*ZFKA#&1/=_\;/B%C/3N35?&YC/\5R%@6BN358%K[*LN210
MR^3;K0<4X]90#.A@7J(22-F)6P:LO'UW<WU+_REK-O%"WXH2R\,6]CSH0R=P
MAF81PK(W3,DU9MBW1U#LP!N%!7I<TGHN2:FP!9MG4]59ET*MM .:IUB7L0E3
M+>%4K[+!9T!J1"[.5Q3#.6T7.GB2V1)%>Q>;R+S.JZ+<8':_4K[Y=/NN>ES%
M8> 2U_9]"!,<1TD*0_?@0)$KNP]*OD73\[P],O#80@/K#EO_7<GOLE&@6'R;
MTS3L*N]M&JCN< (\/]7RNYBFH5S;UB4YZF7V*YTDAG.3DCJQB_,/'3&=V8ZD
MBS$))WFW:_([=FOYYJ;OC@Q-U-[VT][BUV):^8X'$\*>&,.I[_C$L0)KP!':
M2'9WK:;6#3M,AZ=]%N5JM)?.;:0U3Q?OPE8S ^6JMG. # ;,_36E?6;Z.TN7
MD1%I1YHA,[K<24^&),R*CS,^X]+,_^),3'=\IPW-"),\YO:^K&M<[AIJIFQ0
M]K%LBG7>7F'37FF6%/5#4=?9M@/0E)_OR^\XV]?Y*HA3&+MI[/AN',0P2D,;
M]EAL&\7<!_'-(3!L<AW2_A*I[@*X$>S5,+9J2E!3P."N9 ,M!IM?;@WFYK()
M+B,M8D;(,(,CT%?@?(ZNQQPQ]  O)CW\CKB,-,FYHM%T\5BC-'DG[-%\,N:W
MR EB+*?LWIK'@<,=<)_IMY!_+S;YASQOVBG.P$:A[;G$QJZ7(A@[ 1H&IK:+
M7=DM);IAF#;-\>;%>H &'GILX+YD;WEK'H\H9$334'&:9)@;,QYR-D8 AA"6
MDRS-H\AIDF9^."F5/&WCRI,LJ@PPU5,SOXU.%:CHD%,7MQ*&^C'_OGUZMV$[
M1&\+ANIQFZW;'21_S>K;HLHW?V5/+[>?2K'[D'?[#NN59>/$CY!%B.6XE@]#
M0H:]I#9R$BAIK*;@F#98!IO2/. &U0$XN,OJ7UKHX&[$WN[B?!C@RV_@-)8^
M81=>0N94W;A+XR$(<!0%^.N8QD,@5^PV^C&6Y651VIZ7D$U=-FTJJQ)^+4DK
MGV^;SMGB_-MXP*=]?!JN98Y@U$WQP.J+-;M3MBEI79'W:X&KQ'<BC_BI11(2
MN03Y"1G>-+/I6-V1/5^AT*1A7QZA@19;_R;V"$]^;[T*R\+6.A7!JO:Y2+;E
MCRE,Q+JV,PB2[,N<+3A-#>?! 0W<+LZ.M 1U9LN_-LY4;"5MKX-]M_N6UPWK
MM2O;L<,X)#!T<!JF(8I='XU-0UMV("C?X&26TM^%7(S0U 5.G%UY,S%*K#XK
MZ6""=[.RK&XB1MG6;R'\K*O8QTM2!,U#FM/E6H=\2!S&H<B7S.QB/[%YPXX?
ML&6F&XJC7KFAA=R$X!0'T+/3)$S"L5TK1K(#$<G63&_+?'RD(+M9O]MBRXRC
MK, N_P[R;;YN*OH)UGGUC2W!LXEAA5DD2;+%I_K,\ZP\DS<NP(P@P<TL[,I/
MP9EG6=L,FS#;,G-GK_+!.36FQN7B_$(UGC,36SJ8DG"*S^66G50>YLS6V6.V
M+IJGH[FS];ZJ:%^E9-5-M6\W::ZP14*""4H)21(O"FP_&M[ZLYTPD+U4S P8
MPSZ#C["T6SU8$,=+3D,8NM:>#*5,V([FSY:J6WT^F:KCA8@KT,<!C@-96OJD
M_6[^-.JR0R/IE'!,*4;Y#-5LLA;GMX;#/6W'4_ LX=:XW-(_*1FH;WE45?1[
M:!>_V*[1*ELW7_+J896@-*$  ARFGA7'T$7CN0D;T:&GI#EK:=NP%S,,S(/O
ML__)J@VH[[.*'8K-[JH\5YK#TD.\L,5.SKFJHSX##(X07X$!,V"@9TZ$M%E.
MGA!=WJB<& D?Y"&+S_:TTKXXE],;W6E3,\"B1@_[L&_VV?9SMCT,A@_[-T(4
M(^S[3A@%;HA0#)TH'E!%,91]R\((%M,+8=GZ'CQF%2UKOQ?;+:AS^C_-?0Y*
M^C]5_R>ZQYQFDJ;-#R?+ET%_[&( ;1#'4WOJVQS-)$^[ATZ6Q D\53Z9&GWV
M'*%JOJLE56_&A_5$*^[+&EG6Z-,#E+^Q*Y#I.'FSBK'KARBR[9! B) %8S*\
MA&6'3A)H-F=Q *9/(8R?=WLM-)L!WK3&^]=_W.NW7 G^M?FL6>H-FNLA12UT
M-E4HOR]28V:TFZC9#$W@G$*9TFB6/Q&GYI#R>7@SMJ@0HK@7JO*IT0!'"-%#
MN=\UJS!);&)9-DQ3)XYB#WEQ.  AB.B>;Q5MWK#Y_>VYY6T8:I6G$;2QKLWT
M3!)NT/(.\GD%.N3SYT2[W9G,S01F)Y CC5;W@C0UHY/-P)NQ.>D Q4U.C4M3
M8[QKVM/OLSK?K&P'>[85N2AR[,2-D]"VQN,./G92DP,]?A03C_8>!V 3#?D$
MTF%FW&<F$Q,._L8 %I,HL\- ,PF;82QX.7&F!H1CRQI'A>)I>3.>J1JGXOA0
MEEG=@\011^_G+H$I26%*,85>Y"$86..0-;$]W?XIA6&2X>)SSS0[9A1.@MZ!
MHTG^C8\>1_!FAY#"*3(SCC29JLD&D_PITSVB?$&?AF&E;$+>C$^J12DYP%1C
M5>80^X_']EW<[%M>L6?RREUSOWW:U_37Q6[<G+)*0]LF=H0LSR+8"E,OQ ,.
M!_F.]#4I>EJ?;%0Y0FJ/)U*+W.]H1P49NUJ[:GYIV!;7=4E[;['K=KDW657<
MWLH?S]:4'6';G"$QJH8Y0 8]9M"#!BUJ<+S7:O9\R)^=GSXOV@[2:\B/S,%Z
M+L;X#%$S^XNS0MWQG3E_;X))"?N[R;_ENWV>EM5U^3VOV/SNKTS2/U-XQ6VQ
M'K;?KH@%+<^.L.V%T$>!Y]GI\"Z@$]FV[/!06_N&+;#'V1[3?V1(NU7%SOZN
M/T?2BJHO <(>-POWJBXW)(*B!BWL=H4*M,#!@'P\-K" M$A;W2SIT65VFM(D
MX7>\M/$YGO8D+,[S]$=XVO4,L7G)]_;U+W=9]KA*LZ+Z>[;=YW625\6W=@!:
MQQGMRNO\\WV>-^_+[DZ6^.GP+XP'4&A3\=/?\LU=L;M+\KJXZX8X7[*OVWP5
M^C'&46JE[*E#%+IA%" 4D]"!*(DBOC,@"X!IV$599* +#1S%=@7ZZ$ ;'ACB
MNP)?GX[^O:/#8+0A\%L;TO_CD_@%<'O!H!> T)R/3YKX%Z;1Q]'&<)O57]M
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M+\;3T+9A91L/HN4_'LN:/>G:E."AA0<JBD_?O>PZ\G"YA)X[!6)"^-JQ^2/
M@,&[ B-FT(%N__',F5"XV&#BC.B[T$ U,U+W&%QFZT3);9+W^4MOH]&=NZ]
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M\I*!<;;$1&4NHO@G[XT3)C<O+TP<SUS[:[&>F$97HF7^&7(U^*6F[B&OH/T
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M?NP%'G+\$81O<=T?9ZAIPYISD]?[;?<.X8A-8*W>!->7R^F9:193J]-W,(R
MP:<C]GENX)TD#_S%\LSYD"N13>2%IR@6)^M$*6R0]?D+8)/!E9/T7'[#ZC7X
MJ+'Z=5S]G^_N;O)O^6Z?UZO #X/01<0C(4G\$'H8XG$_1A1RKPL9A&#8P$9
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MXPM3Q+8)+1=IL9CB($8XQ(X_SMN%=JSR"K-BTW,LSE&=^I U^ZIHGHY'D5?
M_TOH_F^UYX=5,R%5"TV9! WE3#UL_V:<9PWP08L:A"[H<6MZ"UHU&6IO1$^8
M%)UO1VM(CNSCTN<9X_=C7=0OTE*U!7?AD6JM'&HR-M=Z#L)#(0P\1#"VP@"F
MV+7@N-DS=3SNJW4,-+T 8SLJP)FWN99>;Q-.AA9O,YD'@][F6F:]33@96KW-
M9%(F\#:1Y&CRMA>,R7N;+/5OPMND@Q/S-C4.%S##WB\0O#R[!]W!K!,4^*F3
MIFY QZ,($Y)8HUDGOK^0"7?5,&;;"\$>,NC/N5;C.5>H.)9<$K/SS]%/V3>6
M/67_2J>[.>YTRYO'5^Y]BYG6G[(7OHU9?O7>N("I_PMIG76WAG)?6V2EMTBB
M)M_1H2FWRZU D3N6U#!TO-B+0AQ#WZ6_P^/%;C$A7"_QO($PEE6!HN57H/P=
M9*D5J)&^\88K4/2&*E#^WK?T"M1(+_P#5*!<O7&Y%2A:8@4JW-?^72M0<:)F
MKT E<[O<"M0;=N)8ODUB"UD12<(HM1P$H_').!01E;7")86QK K4"Q9?@?)W
MD*56H$;ZQANN0&FG>S,5*'_O6WH%:J07_@$J4*[>N-P*U%O"B37EOO;O6H&*
M$S5[!2J9V^56H*'3!^23V';\("!!0M(PB#"$R;@7/"#<3PDM/(QE5:"AL_@*
ME+^#++4"-=(WWG %2CO=FZE ^7O?TBM0([WP#U"!<O7&Y5:@0UH758$*][5_
MUPI4G*C9*U#)W"ZU D5_L8?+1[&3!"[!&-J!$WFNYR,T7AV1I@Y><@4J$,:2
M*E &>^$5J$@'668%:JAOO-D*M.UT;Z0"%>E]RZY #?7"-U^!<O;&I5:@A[0N
MJ *5Z&O_GA6H#%$S5Z#2N5UN!>H.S[.X:>I%)+&M.+%]Y,<N/&PK".-4Y2J*
M)86QK I4]>3ODIA=; 5JI&^\X0J4=KHW4X'R][ZE5Z!&>N$?H +EZHW+K4#=
M\^_+O9&^]N]:@8H3-7L%*IG;!52@ARO87L[K^L/. N)XOA5'MA<&-B$.PL@Z
MO&,0(7LA1:B&2":O0Y_=.?/*<KR_H VA.GK*[-7HQ)UDV07IZ[WOYKCW+:\F
MU=$-%U.63MP=WT9EJJ5;+J XO9S<>>I3C9WN#U^BZN1JCGMU-65XP84J^HLW
M%-\A26,[]K#KNR@(/)18@3/$%*08+KQ0%8AD884J0[[\0E6DIRRV4#742=YR
MH=KVOK=3J(ITP\47JH:ZXQ^A4.7LE@LN5 _)75:A*M'I_FT+51FNYB]4I3-\
MJ5#=U[_<9=GC*LE;X,6WG$&L6K&Y*>K?HQ]%O?*P!2-$D(U30J"7VD<;61.'
M[QEW+0T9+O,.V, !'/B-0>/6JQY4"^@VJ[^VJ/K@_Y,)V7_FVZ8>_DDK;;]8
M\!<'MN+&P](KVJ.5W'FE06\HI8'.)_MAX7+75%0*OM"_GY0/6;%;V0Z*(HR)
M9R4003<D*!C/*-J82'Y8$@U-]V$-X,!O';39/JR?6>+ZL!3(7=J'I1+*R0]+
MF1_>#^O8((=&AZ._V$K")$AL)XE].XGLU!X?ETA<R/52MX9F#']4SV<=UCTV
MON&>#A+/3PE,S)_8>/WYV.0@28)C$SV2=)JA,X*D@=9ER)&.0$KM78Y_EO>U
MQC[M\F%6.74(@E;D^@3%B1\'V!FW/T0Q1KPSL&JMS")$5P#R3STILGAY=G(Z
M G4HT16@V"1F\!1IY)]=FXY.N9DO)5IY9J#.$G!B=D@/:?//W&B*H]3=G=1$
M^\OWLF\/!L2VW!#YEFOYF,0P)&-[=AI'*J+-W\I,HFVKJ8T BW*B;89 /:)-
ML6D2;0$:U43;#)UZ19N+5EG1'@D0$&UQTI8IVA)Q7!!M66:D19MF>[ ):"5>
M%/NN0[PDBD([0JX[M.BG_*]4J;8SDW [BHHCPJ2D=!LB49-X,W2ZY%N$3$4!
M-T2J9@GG(U=:Q \DB,BX!'4+%7*92"Y)N30[LF)>'Y7^V6[SLZ?X,$9!XG@I
M3&)L0Y]8]KA"DR9)JJ+PRHW/(OOU%8" PE4MV]6IE[.$25G7X1.4\'&ZF$TF
M,.['?Z"O_E?/AYJK3)H7G5:CGA]9#[I$F8 Q:6-_F6ZE+[P+%J:91]Z5R??%
M+O]TBZM\4S1IMBZV1?/4[C"P R>TPSA 8>RB-'8=W^[WF",_\1*N&WR5&S'L
M4^_S'>U.X&/VD%_:.:.9/+[UR$EX$W,: <J,+$">HN3,\J,RB\M8?%0/H]3<
MN]25INM-_=8+#R+'3H@5^%;@0ICX,+(.S1*NBEE;8Z:5A^)C^XP[A&" > 7Z
M[^OBAB-#%,OKDC%V!?5)E=C)5.N8,$'UDN)ZN2HF%PZ'FBGPQ#,O\%_7'R@-
MV0[?9W4>9[O?/_XE^@NMW7[]R^>_M+_-NKW345V7ZZ+]S; OV@\#XCG824)L
M^;2JPY$[8HD"[@>ZS"$PK'\#<- B!PSK%6#@VT$0@]_^,S $ (XBX!^M&DS0
MY2F$9>1&3#U5TB(QFV P/_Q3"LO(D]R\@ME\\<PN2+-W8HK!?#;FGV>8(,9R
MROXM>LC@:W,XT<!L^UV3/]0KWX\<EYHS"N+8]DD8N6D\M$8=VQ4[7R#7AF'7
M8[">G=9IJ]46FF"E+TTB7X$_!7]BSB1%G:%3&:]R<Z:$5V5S&96[<A0_'</0
MP0I/G7[#1.W3+6OP2XFSQZ+)MA^R'\7#_F'E)"ZTTMB!T([3P'$=E(X:1W%P
M+].IM&%8=5IH;$R\8=]04X)U!P_\:9O7-6CN:?U05B#_UY[^LZ;\,W_]ID3L
MY0IZ*D[%E.@4G5?@H<,V$7_\%>Y4/,K5L/)\\M2G9V(_48'J8&O^&E-+%*7>
M/L2OV-?[K]MB_6O#9G&*O/Z0-?NJ:)ZH^#V4W_+J^WVQOK\M=MEN7>SNZHI*
M5U'E57ZWWS+"L\?'JOR6;5>VXUM)0@("0S]"*"4P&:TD]&WNS=$3P3'L P-L
MP' #!ARTR,$!.NBQ@Q$\&-"#/SV4] ^86P@XQ%2)O&PF"\RAF.]T 8 Q@BN@
MEM#E)9'?T1:83#GSFRRI/%ZIA]43MCIQRN9WX*D#+F?[/ 37@<O=W1>*A)42
MJ]0*O!CZV$<X#NW0#R)K7&HF$2(K"O=KR;WJ*_*C13[N8Q3<WS9# K9EMJLG
M7FP\8N'<PJ(,6<N8BI"#_G+!4#Y^N:G.XUU?GZE/Y)OKG/8<:AEW^0H3Y*4)
M(5;JX!1;.(R3$0!.;:[G*@TT:[@D[?" XGB_L,I$J!K%,G.CD[&K-%WZXH:[
M*] 3?\ ZYQSJ.0ZYIU6U)&(9\F8BL+.3KQJYXQG=/V\<TY*$EB(-^Z?-,+70
M3C>L BLE;FH'EHV(9R/7#BU[:#I(,=?=.%H;-"R' S(VRFZ&*I_-T.: ;6%I
MV!^NV^U-63M;]DM3_C),YE;M-)KRE*Z^W%P>DL^2%D4='5!>@:1/0(\4M%#G
M()I_V#P+X7(#8VW$\PQ\>7DY,;353NO\@U?](94&NZ'\ +0?&M-!\DW^F#TQ
M//6GV^NJH$/C1W;KZ<?\1W-3;NF/N_OR/=]^RS^4N^:^7ED>\1P2>*'OIY;E
M)P2'T0#-\QVN=Y4F!638NDC=% ]M3?DX8 4#?L%-S).DAZ_67UQFQ-R+P?^E
MG4=D 8QSB^T\XR$(5D^,8;"KL5D@H(\$=*& +I;Y)C)DV>>< #&>W&6,+*8-
M^<R$RT1\RTW4I-DZCQ[*_:Y9D2AUO"A*@A#[L04=-T[&YJS$$KJ=4[H1P](=
MW=U5^1T[F'J0[JQ%IC(5(T*BS,2+(?X4AP<,%8C.DS?!C,J!'.[Y$PD^EZ%I
MZF&<G1N1YH57>\B/AHK<OJCO67/=%HN^P<2#KN?[KH_=U'-BC.,X'1JT7;['
M.S4T8UI_6A2L"JF[-T#VXQL@N[)A\Q\E^,H6.Q^S8M.]\/'YUX]4K,IUGF\$
MJTL5MOED:B*BQ83J.2C&=5<1SB%5IPDZ(U8:6%V&7.D(I-3>XU3*)9Q5U1,%
MT#>)",&ND[I!:B?0\?W01N,Y.RJ8"B638$.&9>O3OJF;;+=A@Z2OV9;-S*K4
M2Z(LRM1,!@E4&YC^M2KKB0>7YYCA+IHD"5V&$ND)Y6SQI,2/^*LE?\^J(ONZ
MS8_7LU8AQ+180WYHI<AWD]0AKC,T2@>,7 ]+:FK*L"(]OW8K:\ CA5MN0+[;
MB"J3&J.\VC09F:*CN@'8%1B@/5] G^L=F->(.BM66AA>BESI">;D:S :..*5
MK%]W59YMB__)-W_-BMU[:GZ?=L\NA<KJ^W1;?O];OKG+Z^LJ;[(?T7J]?V [
M]/+-I^8^KW#Y\%CE]_FN;I^(6I</.?M!*\>!A(303R(G)2GM4;$3CB*;(B&]
MFQ.G8;%,LZ("W[+M/@=W-#;PIRT%]>>C!73.1?,E4,4IN&\EFV)J?8@*_+5-
MY/LVD>7NQ:N>+#K P@-=?.PI418A'00?8@1MD.!9E* +L__!TTJ_P92=\8TE
M=)1EF,XBF"B7]QGKV@=+;F_S-3/?HPUG<>C!-$F<(' PM.,X0?XXS4HLC^MN
M=#,M&[:DL=8TLA]6BFJ9688I659<KGFQ*W9$N\"-L:\P*;4W5B4CR]!D0[%Q
M[Y!59Y!_F- OA#P[JP!Q".V$;;V%*(BLQ$5^,K3EQI'0/8ER+1C6P5>?@A=<
MYY&DCK>0-LV:: D\,/5R8O4C_:3V595/O<;S*D-G*TX51I>A2XHQ_%3EJ3,B
M5Y^QQE8!(JZ70$Q\XMI^') @]<>&;"*T]"SQXPTK3'LTK[QM3^>IU%=\5,D4
M4=I94JR4&)XY2R'6/G>](T3>,L1#)8"SE8L$%^(++Q_W[,*X3[>'9NN_Y=O-
M*O!2BV#7"\/$=^( )9$U+O@X01C(K;W(MF985#I83%;NZ<B;+0MG=U6>=WML
M_U3LP&:,X,PTDBFF1==DIB!9?EGFP/41/L  SK4T<X(OKM495:Z7(F':XCFY
M1J.'*5Z!^WQ?5LU0>_TC+^[NFWP3?<LK.N1[MDJ$O BED1^X#H'0\?P4Q^.T
M6>0F0GM>M#5J6.X&:+]D';;GLU;@EH[@:A9*-QQAQQ7%-$\?^7S2-POO8@KX
M^<!G-[P;8((>Y\L)K:P!UR7-"SO5\:5XF'@RBY?1,QJI/2G+D$K]896&.[.8
M</8WP[W/=W?-_:=;UO7:U8C-N],K%7 56=!RHQA;KA\YB>VQWPY8((R$5J[-
M()AH6/I3_2BFG(;8YY/1^8D7T]0>+^@ ,_89Y&Z-F-U,<GX5>5I!E>+VC+J:
MS=4RI-9PC.64O5]V>)X6/QB"(]GWV>RA!3V;MN)8" 4)&><1;1<*KK'*MV-Z
MDP\#I+:<JL"AZ)#;+'WR@^V.Q45L@/R)(J[QM3RQR] P+9&<'%.KLL-]Y<\P
M9!\&\>1'PS:@E+M/C^QND'I%;!RZ7N"F*?)Q:&.'(#@>L,.8JP#4U]IDTX7Y
M@ R4'33!6V34>3VO5/-0*K-@<5BOZ-G]= M&D.#33.P*7M S*<LJM_.HL<U]
M,<\E/EZQ /U<+N1*'GWQO+R/1S-3XO? O6CPTXZ-A@<T_YUG5;U*7<OW8N3Z
M/K(\Y--2.1GK9!LZ7%6KD88-6P5Y81!L<W-S;D%V JHY+6,NEA67NU_*&/BT
M:Y? CY2NQ3QG!F3O?9LX$YKN?U/.B/A%<)>).F<])OA>B L9">WD!7':^>->
M_EO?YYO]-O]T^_)H&-DU[>5%7VCI'E-J?E^AR ]]+W%CQR4((^B%&!,_31TG
M\$*7;^ABHEW36S7W#P\4(SM\DW87RF=;^MG>EM6#P%NM1@CG7/6;B6O!A;\>
M)1LM_GPB=4 *?OO2_@%##%K($S^-)T#FN34_ RE9QCR.D<A>KOP98X]7-MG)
MRK^S@Y517>=-'>TV[RF.X2V*/*O9KM9/NQNVO;5BEP/L-A_+737\-L[JHFX[
M\LKWL9U83HQP0O_K6\@/'3NV+.(0BP1B]Q]-A\KTG#8[N-I&<@6Z6-K'?H^B
M 4,X;)PP!M3^6\<A@3:F7C0$WQ^=,,=\.K[,](JI_"&S0P;;#4Y7YW)X*7M&
M=%X;V6=<8/J$+L,C9HB[G/M3DO27^.GH,TG9=?GY;OT4_2CJE6U1:XNLR'(<
M-R:Q[3@.&5K&%A;:>*RCO<D\ 7Q].A8/,,($OS&@LC*O0K6@@$_$LN N$1E*
MS6KO:9YX5%4#RPO32QT1G5)";6P):]QK[28E>PUDA1P_"E(W])R$V)Y#/"\(
MAY:1[\=2&J?0WH1U[XG/L0,JJW$J5 MJW$0LRY:?T@2;5;S3K/$HG@;.%Z9X
M.B(ZI7C:V%)1O'JL,3_D;+IW15(;IZ'G>DX<6UX"O0"AH6G'=X1>R=/2X#R:
M=SPD5!<[<9;EU<XHP5KD[MEP^[<.Y0($[R5Q@HHGS?MR)4\^) [-4^2+_YS$
M/\OJ"_TK=7]K\VY#_K4OFJ?/K/EVP-T6F3&TW9#XMA,D=N@DCA>18&@=.@'O
MO16ZFC,XSF((00MQN*2\G?/J8((#SEG&7IS\G?DV=6=@&9^G]JA^VE5O@C6-
M'^E0&84H#@D./!BBP,(13*$UM!^ZW-=IZ6MP$1_J+(,&;@[5/E;!/+R9SU4T
M+O$/5HHYWD^6G:^A;;+_8^U^R[;,TWLK=RW/<I.$A##V;#>%A%CCC(V;A*[(
M($*I(<.#A_:H&OLFU^P7^0&>V)!!C4L^Q9N,1C&1&QEL?W&$;*:!P3F:SNB8
M%G:7(5UZ0BD-]#Z!;<_E0UXWQ;H?<W2M1-A)7-_"CI7:)"8I]/RA%2N*N.9R
M97^V81D:('67;0MLF)6AZ;S<3,&0F,*,Y'2+=Q=E10]+ CN'#;,EN3E8D#6N
MK;\_1WIJ=Z\")PO8P*N"OM33,\2U\J]5^;VY[YL)()N+2>+82RQVJ5G(KOKI
MFXF2F&L66/J'3Z66=RTH<2$08XI?+XV1)"F8'1X%Q10C2EPRC1&FJ)F\Q(F(
MYG&L%U13BI;ER*8<_%=T4X$''N'\L-\VQ:[M(O^?NW=M<EO'SD;_"JN2RO%4
MM7-(\(K,)UQG7,>WV-Z92NT/*EEBMYE1BSVZ>-OSZP_ F]3J%AL  9*>M]YD
M)O;>6L]Z%O%@80%86&X:*Q%," 112 !/ A:&,8\Z><8)4^I29OK;CF6S.N/<
M0JJ6;*5\YD!=%8SX>ED]75.E6;0[1V,@G48DJ2NG:[+,A%.3-!79?,;1*ZHY
MA)+I17,0^M+.AZ'9<?_SEUVU"_@3;==_*;\+49%?3&-3MI+D208@E(\79B0)
MV>D\*TV95N?]098<R^EO__GY/[T3*,W6^\,X5*L8CD>?GL3^]MEK@573T G:
M1#7#7J)ZBH9V")Y'U="2+Y<=^BTRI+P7>=P6J^)AN<'E=MV6*'W*,Y E81@"
M69*,$H!!:XIF(=+JFVABP+$:=9@T=R[,R%+<HW7-DVYFU\#Q*CP3:<USI/3M
MKP[A<![*,LR%RUW3X7RHZDCU")S<F3UMR+;V6!21*&0I#E@0^9# T^E.QA.M
MW5%S*ZZW1LO=0UF_DJRW5+3 GYJ^C$.=GLC4;V-61ST^?-T4=U5"/I767"6H
M1W"&DSH/U;'@1VG[<[-QAZ^Z.EC?JHGB(,+"4ABCC&28LRQHK,HNU5HJ--26
MZ^SF[*I%<R/;VDT]#4+59&E,+C4S(%T:1[R=U_'3HTVVF)V'0EGS1NE&GBE+
MVFI%B_UJ4TJS;P[Y/;HOC]M#>Y+-%Q8S3K*8Q5G*2!#'?MR:)K&O]0:(%8..
M=>OY;@5#+^$-8EA3P\8B5T_(3'EUJV<]7*F(F@VJ9Z9L5ERZ)F_V^%+5N(_E
M3J;SZ-!A> 9,DQ."B"9^AH3MD/IQC!)9BF\04!1H%9QLVG6L> U4^:K.M4&J
MM:7FA'HU#9R*=3TIM$"X$U748*]''%W$8!X:Z<2STOT7K'O)8+?[66SO/N4/
M DN^KE7Z.@HJELYAQ"4(Q,,D#GC<Z39(@-:;&[9MNZZW-7"]&J?N!03+/*M)
MY)04Z\EDBW V^JA)78]&N@K"/'32F7=/+CBX9%%[%?UF^W \[-_FW_--T%@,
MXSBF81! ><V:P1B'%'0*'6&MC'*('<<Z6&'Q L.UL0EOFDMBQY29KH1OO!K8
MC=<P.'5GAJ<\J:R"![ [#\&RXLFU->]@=H8(4=A*'XP32,(X@B @64#C(.Y2
MQ3!(S5K.&M@918C"X4*DS)NY$+F@S)80A3,2HM!(B'39G:\0:7NB($1F[(S9
M*?MML:UJA/L%#'T:^KY(UU FDC:.$^AW8IG$HW?+5D<VVDZ%I8[9TC.O<FV"
MMMD: =?4W-G%VERE1POS;/MK=Q%1F0]&C?S,9I!Q?7?0:]LT JJS%/J^+#:R
MGS<O=Y^7F_QT1&B197$89!3[,?$S&L5ATAU.#"!D</$]WWTM52>= 89T5.4<
MD[*XO-E^S_>'>_WV*4/84]/OD6C3$^,.U.O;<O=Z+V"=]80:5TVO\],CC19(
MG8?.V7"DM/[!F;YD7LOD F% 81+ %$&6@11D24:Z=#R--75'^^>=JPTI[^_+
MM6RDMNZP><L*W%0O;]?4](P88Q;G,4[,X5]]6-N(!_TQ<98Q+,3*- X(C:.,
MHS"* <0 M[8P)G2QS>^6AWS]17TI:&9(:8C >H@\P31LG&Q.,*<:+&=,*8T8
M$V;G-FR,?+@Z=LP941U ;\OMG7Q)4IYZ[]+P!<4,^S3-:!#$/O1Q@)(NA4XP
MUCK%:6;!=>57@'HM'P\60^:KYDZ\(65J::Q[MO0RV!-1$M'-V0FD<57E65YZ
M5&48C_-0E8$^E#:_+#U5>5\><MD\/!<Z)C/DIWOL"Q_S@ <DI$$FDN/4S^*H
MRP=PR*B.Q%@PYUAO_B:7S>4NWU2UN'*I^22L#3[5]&=D*O7$J +GG="=RY%W
M0CBN,KW,6(],6:1['IIETZ'2V:>IWD&JNA)X5O9ZSBJ."8AH$((49S1)@\Q/
MNNLV( ZY:D<I&[8<ZUA]^;70+0-:8[)?Q*8@44_!:O[.X&DJF!M6U9M3C<VN
M6;.JH2RK=*]28.(9W;?-X?3=K:QZ4[KYTO225[;<;8OMW?YCOOO\;;G+T=?]
M8;=<'180<)"F+"$!9YASCE(450^%1Y1&<:!ZI-KX]]W)4@O)$YB\"I3W>PMK
MY%W?:^ST)%&#"9U'ZC3<C=+RAZ8W;CZOON7KXR;_<'MI6&[0KM!V38O-498X
M9?KV)?]QP,+]OR]@"'R4I!$+">=!$B<4)BV:!$*M5XI=87"<5I'R_N%83W+R
M'9FGPU%ON>@L$FH"-X<@Z.E?B_AY\F^JHS"KZH1,@[QY<=Z3X+T*_<@R:<AQ
MCXJZCMH\1-:YE^6X8T&CB7S^]?!N>6CVJ.NGZ1.4\LR'OLB>@C0$&13+Y=8*
M0,!7[B%O\-N.);5JT'3"U Q8G0[I)GR]O#YU396>\$W#DD8;><=L&7:1UV1-
MJ8G\4T^OK!^'<#+]>G$0^M+.EZ$NFA^W]SNAT>(_VA[U62(6F8FPDXJE9T3C
M$)+61!ICY2>*M'_8L5Q^?/_N4Y7@B/^B/OKUZ7E9()TRHZ>.YZ08-(K79T==
M&)VR9*:*>FRI:.*EDU<$T9B+Z=70''IIX5LP31[?=F>MB7RWDL:4\2CFB1\E
M*>:MI0#PE_J8#_GI$9.BM[HW70919IH=N:'.4H:D0J%^FO2VYWJ'#8*F%XC!
M'EQ-F4S9&'YAXC&.T^6/MCP9T-@/<)H&,/+3,(K#$*8M'C]C2CF6>Q2.$[+'
M5P<D=%LW+@;3KU8%G ?S>LK?>U_CQKM0M?/C)^*_%_O5<N/];[[<M?_,S\EV
M48S)[RD0N@_H/$J$(_BI?)7$+K.VI?MOQ>%;L?VPS>5'?SI3R-,DA$D0(H$B
MAD$<(3&WM/,)9:$+_3:$XOK87X7*"[R? I4;_3:-@5T1'X%^MTK^7F[D?/DC
MWWS/O7?E]O!M/]U9YV&D6U#P@='\M61\J+.&6FZ%8]N"CFZ%R E,7[[MRN/=
M-UY\K^"=)IX%0 GF?B80,<A#G"8X\5M\. %:C[^-A\IUKBX!-BKO'6J47ES]
MG];N25L/E-T)8-P8N9T+JA3^RQ^EUSCC26_F/QV\& (+,X.],/]:DX1%OPWG
M"]O,.YDZ)*H&X)=\>X&/0K%,H4F80I0@D@99".(67TR0TH/UXZ,:9>IHYHIN
M[@A\YY/'L% YF#Q&B]((D\?GXD<W>0AG?I&YHR\"MN8.*U'^!><..WX/F3LL
M,J^R8ZB%K07436[B#Y]@Y&G(4_G&-4QIPF,*$ ]:C#!"RH?5QD<VSO+#OYQ$
MM%8@$\6L?R*9?[C<3B;+*K+"J6I:V9\M2"J_ZC]5FEWF$&OUC>UYQ]QL2WRZ
MV*OLJUMG_,J._'21G7XO?T+?RSF,+4?)PSFH-L'Y0PS/GQ<P,Q:$+.8!II@D
M 0H""KO3H1@3Y6O:DX ;)X6X7(<"K77H=)&SG$5,$;0Q$HE'4\=I@5JY-EHN
M82WHCM*)*8(_9D9AZ2.PGE0H\FXCK[ =XE\LM;#NOFEVX28.]JL3SV$B*):/
M*G,6 I@2SA#.NHU:&H:1FVJ$"9)14@?'F8)9"&P7%URS/THQ8=S9WBQPKBH%
MK@,X:F5@\AG;U?0\*$R_V%P\S%?C9?UPANWL'Y\U3><I"! @81"C.$4(!-SO
MMB!(D":+0WE8;OHG5.M&M>;.#M^0D2_[T7K[EQ\)<$QV_]0Y*<_V9\GYO<GP
MF#[CS5>#"/P*>ZLF;FEMG1KSIJJ*?\TWZR]E>TU$_;P_R' ,,<,Q9X!%080R
M%';'0[-,ZPR-*PR.UQL2]NM#^;H%KJ>0SHA7$\PY<*ZGGRW=]^V5IE_S0I0A
M\3W*ZSJ4\Q!BYUZ6XPX0%S)]Y2A_ OPP9$&0I5D809; P.^VQ3#UE?:;1@'B
M6+ '7()RR[]-R1Z!>I>Z/:?K3T,('ZS7 ^/X*XGV4%>-E-L*OW;E^^63]0P
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M>''X&/&B.H"N3(#5D(TCE$(HEI812;C/DC#V<6LQ8RA:?,]W7TO5433$DLY
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M)\^!6./'["2C2';SIFX*$.><H PCA' :A90%G1JR+ *+[_GN:VEVBE'#C,Z
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MKZ=,]0PK*P3/8V#9<>7JE:_!_"@/KN)[L<ZWZ\O2>A!E<1HR%(K$ LAV%Q&
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M'2"7#/4,#V,RYS$XS.&7ECZJH7.N6+S4';D_RN;GY?9<8+^4\JK,Z=/JP,$
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M45"&0QJO#7BFU0NOI^%PA[EAS@L&L@=P2ZGZ,IEA?\F'N<6X:G00+(N?>U-
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MXUN[;+,HIW2; >N\L8 X@YV$7!BJ48.4\BE&=_+B:'P$B9P"=[O3,\Z7:P8
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MUS@E-NF$S@']R+T' )-6@#8[V8/1UWV[*>;+7;[^Q%XS0&@8)/+6$X"QTRR
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MIQ9"*#&'3;T[;Y5+,87C%^I7&4D6B2MDS*-=5?DD5DAL+FW8L^P]V2;C #!
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M,H^A\$Y:;!"@8?TV3C0[/X4@Y<;19QL,W6V72T=W&%[<#6?K-O3C(YD12&'
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M/0/=<9'Z4%RN9U%"M[9<YK-9]36?3[;56WOZX0QZ!8)2S1U2$&ADH/4/EAQ
MSB0D82Q&] 9TUVTKO[VO#'H1-LS9?2#FK-I<N+=^TL6^;=LZO*>,0:T-))1Y
MJ;1Q#@)?9^@10W#*(>>$PAW&Y-+P4A@S,>W3?7;-3M?APV,9A,C16/I),B"5
MDM+#9B::^Z22]"^/3SU /!Y9 L'#S%_'DB7+#\6D*+_$T]\C7/Z1+\KXJP];
M2@UW[2HCGKI83QMHB $AS&$L:T2\3(K(?+:Y2'V0;E QC$K,A]'K?%DN/P:9
MYM-W\\?CWT?(%EUDS"LOL5*$4X\,=A8T%@WJ95)!FV>;+M 3$?N'_]@KX]\6
M,;PD7RQN U;J.IP-=N^RK7O)G /($TRI I  093F=?XK11:EY"@\VZC#X=;#
M= ETU!SB@!Z&\7%R54S7LV)ZLRC#C&_RV<W=2?1F44V*8KK-V'5@+]&O"Z'B
MG% O$#<. 5*KR92'7[S$>)TTC6%8"?1+KG(>,"^6JR1N;>DDHX(I:"2WT%AA
M"!7*UT'H5!&0LGT^6\?J(-3J1P!C;: ?PD@79;QUR>3+JQU[Y/</9H(18 A!
M1F@!J0Q_25+/AB*=Y(]]MB;Y]'TP">6N1K)%47.UF.>S[2:P'Y_+!/#"(:H<
M]@9H3Y!PS4[,&$L*\WJ!]O,^0$Y(\O^AJJ6NYM/-E4HWU3+P,=Z.\_;-FS=V
M"SL.Z"$3EFLO=5C^",84.\P!:VB-:5)I@!=J91\._JZ,"NO7>EE,5]5R?7-3
M+5:?\_D?LV(5X*X">F&?7(5C?1YF?_VTV^[P3C)H@,=.4*F]I1A8@$4=(4.)
M<BR%5R_4XCZH!/H)1G#+57D=C?X/19WO B*7J_?%8A*%>=GRUJ56766><!!P
MM#(HH%)2Q]6# NJ 3$I2?X&&^)'D,-:)^O?YHIA$<4Y_GT_"$EQ&$>>S.AOI
M79CHY=WZG,^B)_3C55&L]IJH$GK-L _ZK.!: :-=.#- VN0?4^EEBM\(OF ;
M_G@BZ34>0DWKD>:;L=23."A.8ELGF6("22?"R4)0J[&CWM/&.$=TTMKX LWT
M@TO@2)G9]0+_[N)]^*#\/"OB SM-]"W:9X@2B1DVX<P1#ALD'$!,LR,$Q2E)
ML7C1UOG^P3\2\=1DLECG,[6JG0K_R&?KW?[)%NTSC9B +&A34)& )8>;9)Y[
M)1V9I-SM%VBY'Q+\SIOI]_=]^/4\%O>[#W"\*)>3?'9;Y-M"X-LVSYP)TZ':
M &'9Y@Y3V!3VH8S;I)#4%VJH'PC[?HGT_X<!H,/(LVF244OBNJL\14X3Z+2@
M#?L5!$D7Y;U 2WS/>/=/$GPX27#&G596*V45TIPI"J!].!1RFW0;U NUU/>(
M=S]VL/HR^WP^#YMD.5^N@K*P\23<1\VVLX'M[283Q.* E+5,8@24,*XI/T85
M\4ED>J'F^X%ET)%@O@SJY2.>F_SFIIC>F3 ^5;HPU6Q61&?E%F:U;I\!0X0/
M&Z\WQC.IA$ /]I#P65+:Q0NUW \%_GB1";79XRZ5:&=LPO>/9A9#;%V\4 )'
M%SJ#3M9N"!V.>"GWBJ$7:*'O"><'YOS[;S]!'$;WQ^:C)S^Y[^<GU ("X<EJ
MO9@4R[].JNL[Q'> \'8]F84=^N--^-"OBUGX_)_Y<E78<GE3+?.9+59Y.5M^
M/_#BVZJ81Q/I\*S?,?0PQ,FL6L;;=C\O5XM\LLM?<% _&5!!?<:,@B!)1R71
MC$G'O<=ACS'.M@IJ[3F/>)/>VN[$LC=)5H2533@M"=/6..@]Q[R>GC0FI:C(
M"1U^!Q9]IP3B+O@?ML$,>T>!DAY!$S0]BZ"7D#H#&W3"+\^D_.>@,MUQ1\%A
MZ [#"W?@'04$:*NU=L9[XB!RGC)2CUD(?R:,2)+6MCL*#H,N22D>](X"S 0R
M*LR&">9\.#,I44]#AP/SF P8]8Z"UO([_(Z"@R ]CNMH^(+F 'DO@BX&,1<T
M9BD']:M&P0N8XD1ZMF:5;IO-X. ?R7O90T%S+S3'4ED.8+0A(>>,:5XU0))<
MY*=#LB$)<$!!\\/ [KCC[5-I=U_)TJIQA@#BV ,HL8=(<<\]:<"Q1)W)S4R]
MBK0:&.2QEJ AZI+'JV*]DN$P(1TDRD @73-3@5-\EL_6VINVT_4(][&)E5J7
M/+Q&EAJ'D8'0.1C@0[C14[08]7Q^Y+KDK05_6%WRPQ#N7+MI5OVC"+C?KYZ'
M%2AOV3ICV%B*6%C& ;90<F"XKJ="B4GQ%#PCLAPJUVIHH!,<EF$QS6?QNS<9
M*:^KN\*;.VI1[VZ4"4$T-B1  H !G '#&MV429C"D&?K2NJV5_4.=N\LV5F=
M>E^SS-C <0BH4%1HX;65LC&0$>]'O;QR6*;T)<56Q.B$;D=J;$I7VGN@S2:]
M;;ESG]G>()-..6D0L$@SB&%8^6"S^6) DM)NG@L=#I5=-0"R_417C5SRV$)/
M+(=44@6AU#:NM?44@60I;H9GF[+5?=<97@+GE4?#-9<< 8V(8"R\:,Q06,_=
MD;0$_>?*O@[,Z)1&<QCVYY5&(X F4ED5_@B*:GB[%;#-P<$F)? _6P]([[SK
M!?O.<>U?RF4Q59NX5E_42N-WUM"M\>W[FV8*A#?'8&V4U [[<#Y@YM')D[Q$
MPV)W @T$^RG$ 7ZH;F-UG4UQU4_YMQC/N%S&)U_-E^O%)L%V/MT<0=_DL=C%
M\F4&!@KK+&-,>4B5,I#X^%/XTP@B2/CYF0<&2FV$4,1+KS7T0FEBR?WT9!C@
MF=U3.)#H$P(##\-_K+/.Q_7G9?&O=1BV^Q+^^!2^?(^S:TN+#'E"I3+4.P8A
MM\9KB"G%A@F%'5,IV]$)\6M0R5=#('U$)NWU;FUMDV$MO"+8"&X%,=AP3MW]
M')76[LR<\,F2WL^<3K@>B3M[;YE_\ODL!K(XHQT4AFJD (V)JV%N$EJ-PDMX
M]IPY5,:[6=,)U=%T]+#TWE4<BG;8]7)?9.(3CV>88>L0H)@);6B8F8GNN;MU
MV6*74M?UV6K@:3M6#S ?BT#[ PV?;)!9@G7X"@FU  IB!IFS]>P09V?B".M'
MP'O8T@G1L?CROMBDO#^,>>\FM:5%Y@$SW /",<#2><0X:EXN"Y)2RI\!8PX5
M<C4$J*.=:XK5:A9$T9XT6UIDSB*L(0("(R"9IX!R6<^/&3GJ!?+/CC3]@-K1
M#-P8V:()NBP6.Z)SGGHT,TQZ22#QD&)MF)8"H'J0X7M2$CJ?K9FWVRFE)XA[
MXL'.^)NG'\Z,95(&8@K! 53(8PE /5 BTXH^GQ87TN2T0^"=D.PH\LC@8A&#
M1=XOJB]EP'EW@,W6YS/K&,9$@,!TX@#"8:NCS<RM3ZD9<N*"/U1>5?]P=G[A
MI^OE:G'[S_#-'XK5HEK>%)-5^:5X<,"$<5TN\NN=I#BTFTQ1AP$53@>E71,F
MXHWI]Y-3#/BD(FEGRY6!43ZE/'\(A/*4*,NHX,9A(9&H1^ZU2@EX>>9!OH<>
M*-+1/8T\_[BC"L.MMD*'<8>SKVVX#-,N C^AW25)6MOR_ ^#[F3S_+$."I06
M\>YH3CBD2'+_@ ,;-0ANU#S_UO([.,__,$@[A_<OEBMS586![&3!3\]E @EK
MPC8)I492,NBUX/7P), I$C^A4T(O\DX%;RQKTX=X-<T>1TCS3 :L1H0[P&DX
MPF@',4-US(.R@*1X/YYYU'57[T=7;$?EQUX+Y*.G,BFXC]=UA'.N12J<J#$P
MS3S<N:67=I#?4PSHA-U8''B3?RNOU]LUSB>?R\)4PCJ))?$60:"\,;;6EQ5E
MY!QY<*@4J_[P.W92>DJU R.L,K%NA#:>($RHD,V!&CB3X@Y]ME?BI.TJ/<)]
M;&*E5CN 4#BHD,8P+,Y,,>$I;F:+U9GHJ?T*_K!J!X<A?-+5#FC8O96.RRU"
M#H.X\.IZ*B:LQ2^#+(?*M4.U@\. 'BU>X]'RO*]NW4_/9A![0)W5 ED&!&3"
MF!HOC3U,"3]]MG=KI6UCJ1B/Q9N#]JLGWC0-''&68NM)>"&(%T"P>E86\3/;
MHQ*D^N,-DZE0CD60^]5P,]"]:M3/#V?<:^M(V+F#,J&\D$H%'>!^5M# I$NO
M3H\@*6*M>L9R+(9L4ND>+Z2[=Y^G'L\P8< 0IRGP1E J+#:UA5$K*5,B/9[M
M'7MI&U /,!^+0'OWH:<;9 B&U\%""ZBTGE&(A7;U[#S19U*_NQ\![V%+)T0[
MAPU%TJ^K]?(_R\NKK_EL]J:<A[=@3^S0KD:91D@P8S@)ZR6Q**R7LGYKM+/B
MS*EPJ/2J@7#M2(BW^9?\OZJW=\#/9M5J513WJ=J["][N:Y=IS U#43%T"A/,
MF:3-!HI04BS("7D!!Z!%W]!V9,9CM?]!/_?YY'XWW1%LW*9I!L.""3"36C+
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M,I\]RH O%J_"%*?AQW;+2ZNN,@Q8F(UQ4&+.B(FI]+71TS*15-OHV<:Z]+K
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M72.#O\O&M^67<EK,IX]K&3VN?K0M1/B@3C*J#2'AN$>PY,1 )[UKUE_"04I
M3OOZ+?*.5?/B,OJ?GS6K!A?!6$M:/>SE][,Q^?)JQTJVHU7&I//,806T0F&6
MQEC?^'ZA3=(!VQ=[.2.J]8_YZ-QZ%+[4EE@_-,D,)H@Q"N(5WS#,23QR/ M%
MDX+&VI=_^9Y6G\[F\-43[*/:".XRN>UZ$<T@&T5[4U+BKGS@QMBW=-^*Q:1<
M[LRY/[BO# L"M8,0:R@\0DC3!F1.*4AQY9]B19E1C0L#"F)4<GXH;M:+R56
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M'XN;E'BH7-W9^7JV6)0_4BJ5/==4+S\<.)5(8P<]UAA)*[BLG#0TYQ">6?J
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MGMA"T@^)).012>*OPMOB9K9PR\U\<Z=^SE^Z(GKAJ6#C\ U$!$AH# $&8O8
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M9*=K*6 5RHE[F^ RTX.<GWFV]X'K6+SYLUA& !9J>:6NOLZ7\S3X9!S=P7&
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M?RH@8S02U#"H*;;QE."DK,8!F3_'W.S#4:4[L*,2I-JTCU&D>BYH;CC54!B
MJ'0L)</6U5@<I#E[4M>0HU=/DX[@3D-Q[JPP!ZXD@,I'_1#PJ!$2@Q&H1DM9
M5DK\J>:/'9A(?6$]GK)\KX,=I]*3)P-$#GBI++8DGB1X/&>H2FF#2-J<R,<)
M[E4]NNWD 3D>,2IC0HI+,^4R,OHVDGIWV"R7:UU<EZM=9-O6ONE^Q@D413A?
MSE9W6XQ:YPD>\*O!@PBSH= 11Z(60&5<T2N<)2,YB]T$4\'W2MBI"&5<\L>1
M[.;H+KC^*'&?M0@*<9""1T4\VL99C;1 OAJ?HH"=UQUN[Z3+!70LPGQ8E;%S
M1XS?#P\%03G6<9WWV"&1$NA0J&IE0(N<:BOM[VQ?TUK4&<.QF/"^V#RLEYE9
M\UN_*WB"&:<0,<NUUDI+1.OEE!J4$]<UW?3D/=)K:,3'8F&5+'W]:P[U US;
MTR)(R#$5Q J"#*)&>8MP-3Y.8$Z<>//[W--F[.E*IGX@/<G"U711"D:"N!\K
MZ%.!!RHQ,%65J[@=,Y<32CS!R]NA5IJ6,)YF+ZN*JW\N3?GU:[G<DOE+N8C"
M6NO9^F @1\LW!><M<%Q[ R4'AAEE5(4'<H[DZ$<=;G!?+:]Z1[JCZ^/Q$^1+
MB<H^%*M/7^)/!QP#^GMY7)6% -8[*A"&RGCAM:F X)IE)429X%UO#Y0[&?C3
ML8'%@6RGT78T67:M7]X4B#+,2I$"/B,TG"=;<84'5%EEAB;$Q5,0J+5M*T<P
MDR*JG2]N4X:N/JCZ^%V!.(-E! 9IC;P6#/LZ5@-QZW)L7!.*HGLM9,T0S7AA
M-+4N\G!&VH%D4WZ\*.T##&W2/ @(O;?*84RM <AZ6GM (HY)CM\-G*3C38\Z
MY   /U!KX*R$MKR\W:9X6U[=IWIYL[PN5U]_B<IJD8CP177VT#>.**M-F@8+
M"7.:4*\=D40JS1UQW'M,*&0(-@K#.#1SF^85JSK[J(_[L@P>>CS$W5)(;32T
MV!I)B;!Q?+OQ""G/)-]8_^(M>\>VW0H_;.I!BUV<5L)1X^+&A!@SI(:!.GHF
MJ0?[$=Z!!(3M8!R& &T3$,;M06M O%*2:D*\E@Q7?8[Z=9:#_K1$WUE:^Q(0
MMH.NH[UF^ 2$W/E49P>SJ)8X B7B"%3#P.2,BU$UEE_K!(3M(.T:Q#Q0 D(G
M!4@.'Q8($/O,09H.N\YS9\\U 6$7-O2,Y3 [P@M;WML#B0>/-0D& "Z-3C5\
M 4'4>B]5O6YJY<Z''[TJ"SUB.J3F\+&XV>8.6F[>SUX,EMCW:- &0NGCF5.H
MY%]+&**BYGH\Y)Z/)M&/*)^I%5EX#LD)$\>ZFBW>Q"/ZS_]3W!TDQ9-G W!(
M8^P,05'%XI!30.NM$ EV)H6S!F1%'J##T,+<KA(:?KZ^G"W^JYBMW/+*SC;[
MEHM]CP?N*=-)/;(0$LDM-?$@OAL+$%FJQH0<UP<A1T^8#KEL^/DBZD.Q3S?E
MZO"B\<N341-SU&M,,)<TJDQ"(_>@/9NL0@@3RN$UX)*1 ^>P.NCG^(TC.F=Z
M)!BLO/>(\I3D&2.'F:KU9@;5F?AJ#T*!#!R'E?U];;##.\6+SP:ITC@H10))
MJ1'5G,)J%-9E&:TGE%9K4#;D #HL+1YV,!]_<^Q$^N3I(*C5!B')J<8:<HBI
MJD_MV+H<[XP)I<D:E!IYD(Y!CGOR-J?'H^>#E7$0C*;"L :[E,.=/:A#7N>X
M+[9/@O6:"=(=U&$HHF+7KK;=6\QN]M#BEV<"P,82SRP""FBM)0',5KV&JEGE
MN-X<I%\7%7* '-0R\> >L76)6%_<;M:;V3+533]LICC0,  +F#?6>(0!LH93
MIE!-;T-S+)Q32EHUI-&B/WA'<U>I:F16[C4=7%1Z2HK^I",-LK'M:Q*(DQ!:
M0H#"EAH"-+8[$4(LB&ATD!IGE)\CPGIQ.#)J;YN ()22>*,Q$DI&W863>IS$
MZ:PI.YT9VY^XGV9^[PG8DTU66VQF\\7IZMOV.6<=Q3:NC$XS&)=92X6$]PHX
M)5H8T>BX.Z7 -*X-HT@[!Y&D\7\DZHC5>%!>A/6D' SZ$^S! +5V<([E2/R?
MQ?SFRZ:X4A'AV4WQ_C;=?U]</]O]MP[\#69'I_<%;KV,6!!@,2:I3H'A#]@
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M"7K/#Z]D](GVJTIC9;U *>4P1DE?(@SI^J;?"IQ3>^MUI];KR*,>0'Z=::R
M(\00[+B&#A(@C7RXLG*>Y9QZ)NB /CR1^D)Z+#8]>!@].!1]G*__><2\=ZA9
MH-  ;PW FB-A#%$(/5R#BJS4:&0H9IS>IM<CI..3)_FC)Q>T-+>.VNX.-0L6
M:>.M8AQ+Y>-A0#A3:X,8Y&8(&H8\_8AN+Q^R41K-+%=^_5I>Q>6TZO%QB]S+
M+8)ER&)FM%<Z_K]43IO6=RW0FS,SQO4CZJ?VMUZ@/:V+YG99[>2>6;<,:)L5
M.>ZUF"IAA/9.P-UX(6;\S#*1GWX?ZU<>H_//SM>7BS)U.T4OJ*_E[7)S_#JJ
M2?, XH"%-X(Z*K@SD%)0W?5"0\&Y)K_+Y<$^?O4']6BI0ZH8H'H,+PSFZ)[9
MXBT19,N 4!$!; &EBB53VPX'J^"9U.@>AAI/\X4,!OMXMZ:KU5U<Y#\6W^)8
MBJM[7+I0L.6;@HV'74Q\@D-YS"CTM,8<,71FE>P&8<JSV]4A)7 "K:_^L0X)
MW(8(-E?^#KP@8,J<XH88Z'%4>ZF)4JU&3[P<)T_([ZD#]B>6D\9./!]&IUB=
MO>\)<7(Z0ZA0\;CG'$FN/)5'!.2$Y3C)3W")[)L@30(J>H)^=!J^67Z[W:RW
MH,#FD3O/6T4T*4T9>F2*)'&2:FQ1O=<0?:[*8+\<V,>T;+Q/R2O4B5>HRC+.
M@41*(1J%I*.688&N3W(@SMWS\I0Z':^ZX7U*7N%.O,*5SBHIDP93(A$T EH*
M::T;8\C/K+#HZ7C5#>_1>96AS;YM4$V@U^\$B8'% ,2#EA+QN.4UD[7F8EE6
M4=P)WJM/Z,1Q NF--1-ZKU8@*(;":D -$);0E*JQ&J64;M0CQY"17"?F2(MZ
M!JT$,OXM_SUNC6[V[Q\-2B,K&91<22<01X()4V\I?-QJ [\/Q3+%,#ZQ'H'4
MB%V/G@]13Z'06$J$5YA0)#72U=BT-CG>1LVUQ+%S $^-9]T%<JI5[%&/'QGJ
MWQ>'<D$V?D< 1@,&-%7 460X,1A4R3H@Y%F)J=O'#)2;V>*W8F._TAF+H6_+
MY4U<.;XF[]$F&7M??#Y8[32P7%@(*9! 0\5J])C6.4X&9^KNDL^\/B0Q%LO>
MEYLBY18JXEQ)2NCS&\,#E#O>. #MH8<&6RBB\LJ!H*16-31V.=OQF5ZUY?.O
M=[%TC+/;.K\_2I7;C%P-6P9-#2(68L2UL(Q# 5AM]D04YZ2*.%.32G=F#2.3
M!UI-+5/QN]GJ9KZ,\V@;F+AS&$K1ZQ'D^>9C;+^\.=L4Q8H1AI&S#E,$H>=>
M6NJX]Y@X*SQJM&0/K;0?2S3\Y,E .9<*26YX_(E[Q)T6U9B85CD*^(3N.D>2
M^UY%NPO6[12=83,3"FXQI80)YU*=#\PD,S4"P&7>B ^S,71&_T!^P78X#"/!
MMOD%;1PMMA80934F0$<-FU=]EL1F6J_[E5T6YOOR"[8#H*-*-WQ^04,A%5)(
MYA3!V@)-$*J&P;T:U3=TU'QRC>77.K]@.TA?<Z@I%,I9A8!$<7"&*\_C8:;&
MT.3D9QDLM6SN CX ,*\Y8%0)@BA2A&ODDJV%6\=JL@N0F89Z: KDB*Y-P&@[
ME%Y?P"BTUA(09X^1QE"LA9>R'I\#9Z+O]ROJA@&C[: ]Y6ZR3A52M^67[OY1
M7-ULPR,66W&NO\R_==AGCK\P1!P@12QNYA!YJQ&,YZD*':5%SA%B@DYJ0^Y=
MO8,]%A5?Z.W1+6UOFP X8\C&P243FH%Q(U UI%:#S%(RX^UG?8KS657$?L ;
MW85QU_'F7K&_- @.4\TI5DC3J,4+HJ)>4(T.>7EFE5UZD/(^)\$<6,<+%KXO
MY7EDVWK\6!#$"8P0BXNPEC .1@)8C81"G9/K8(*I"OO:C#(@')L,1_>57Q^,
MHY&<0>E$BK G"@G)],-9 IY95%DW0>YA0R<$Q_05.;J+/#P4M(8:<&&%LIXI
MB5GL>S4*S%A.WLD)\Z"M"%]PZ^B$WU@L^/2E7!T_,C]Z*DC-G4@QY@PXK0CF
M@/H'RZ#),;9.,%2K)QYT!_ 4GK3'(UU>>#H(R)EEWGL.E%,@LAW7)F-IT)DE
MINW_&-L5R?$9\KY<?BV7Q6:VNOO5W\$MB]5-E:NG$7V:O2I H9E/52I\/.@I
MCJ@&MD*$$)KC$C;!S2>+$WOY-0C4)R!?L:G<F.YJ;>WF9K7UFV_B]-KV52$5
M:XK;M:# 8&6Y@="I&A%+SZR,PT#D&P+J*3N#;7816?=9@A\E!SY7%S#G*)#0
M:>JH990 #?E.K;%6^6;91QH-.>'Y@.\^KZX]3P:FN!=  F$9Y#@J<,2@JIM(
MH3.YY1E)E&6?6$_)JXL!Z>.QS#@+)8:8 &),U?.4RWM*%O1L] ]X=;7#81I>
M7<@E0PW'#  ?8>3QN":K/F-+,A/_#N_5U1CS?5Y=[0#HZM45-\JXF,3_'';@
M>O)8$((!!EFD)D<D[>E8UJ/C5)_)!41WF92]8==1L+\N)8>, 0>>#B;5/K#4
M.D^H9X PKNLM!"*?8PSHW:NJKP6T/SQ.GP[BUW$\1)+LUQZSWYFB?N/1(IXZ
M)8DSA5",):\P L*=R=+0"TL:)X3H%_.I\?(_YYLO\^7%LOBO8K9J<O;/>W'P
MG&')(%81'BHA)8K:6C[6X?-@Z(BLZLCC7L0S-3*KZRC2.*;/7U;E[<T7'T]K
M:7CK/GE]]!L!*:8]$!$U)SW6G&D&*@PUR[+B3]#8-5V*]RVI2;(]C6HWP,_%
M<ABV'_I&L#(*T#+,I6+*<"@PHA6&U*@S*\XZ<;;W**F.9Y]6W:WZ6,_0^,L&
M)![D.W'KPYZGRJ>26^9I/)]X6,$C25:PZ@3=ML8C\A2D-0:9'_>SFH,_HB3N
M^N=SPT\%X2!VU$-MM6%006AE??S6VN0D:YB@/\&$*3V,P$99H@>B\(O#-XJF
M\D/>X>0&XIW2HCY]6(Q)!E\GF+9FPGSM03K3T)8SL[/^^HJXZ2"HD,&0*LJ5
M0M"#6H,RD.>D]6J?_&;PA')3TW4["V*\$*3%U>=R!\Q=8[@.,+/C&P,2FDKM
M-/4..0*)$@K79APA,B.RI[*0#F$''@?Q:3&RM0TXY[6!(8!3BD?!!2;2,0E!
MK;EK"W*4T@E:@ ?G4R?^]B*::9$XQ_;;TQ>"0\@Z)*5EUAE)H<:0U5?4C.3X
MV$YHV9TVM?N6T@19WM'FV],7 D(("BQ4/ ZP*#Q#F*N5+\AISA7>!"V^$V9Y
MCU(Z-<MS^/LP9JT!-A@9Z+" %!OI5#VSK:$Y-V\33/@]%69VQ7^ZON<7WU-N
MK^)'RCU:Y6-Y:'F^#NA&4:HUA-9R)1&6UDE M),8$NN(;F1_&V;=J,>T?B0'
M/5O$L12?OA3%YFWJ3&2'?B2HQVEYZOP7MEC/;Y;;9X^E,QWNHT%R;8SRP%NC
M%9%4*D$JI)6"9Q(*/!(;]R68.+78IN2.CYV2@BEE $<DGO,H=GK7<V>TRSQU
M#[/!34&0!SS[VT$Z#<]^"@A5S%@!J/=>*6>$J/J,#9U4GKXLS/=Y]K<#H*MG
M_^#Y6J&BRG$-G3"8&D&A!;(:AO(H,S_5A/.U-I9?ZWRM[2 =.:W9HP7L2"JB
MEQL$1)&5A@).D1>2<J,8K$9GXY2:4C3!!-?_7M$]'7>:9L1[UB1(8[ T*; =
MQU57<Y]J3NQ&J*&?9$*\7&$=E7TG;,:+][_O9W&EUKNN/VC91_/5-&@=N( ^
M[KJ86X.$H5!Q7P-I4+-XY>D?8OH3_[/0_KXA'C^51'])Q(VC7@G!4AEM@CGR
MW#YH=E1G6I5_FPVJ1XS'9U-_^<B%!4)"P9T5TBNI#:OA<T*"3/O*,&SJ1W1M
M\I&W0VDL/O27C]QQ"8!6"2(G4820,5J/#Z%1JUJ<.!]Y8U$WS$?>#MK1J+.M
M%/9X,;Y[C,61_:E!ZX"X)])KJ3 6 ! C4ZC<;MPII>5Y10E,<(/K7T@G(V>K
M[:Y!ZZ"E=M[$46)""(T3E*+*8NYH=C6FJ9&S5R8<8UDVVF.Q;'NO\JS[1[?0
M0\V"XIPJ8;T%4!EE!$HULZH3CF29^6 FSZL<V9>#P3P6H?Z]G"\WB[N+'\OB
MZJ_-??JYN %LCFRFAYH%0S@7WG"BA4#:2X.UVXW4*VQR=M$)!B9-<!?M43JG
MYN'1G?-PPT"M\3J.5"&BH(2:HOJ:V3N<E:Y_@HM;/X)OR*9."'>]<YLMRO\H
M(N[O;R\7Q6SU9[$L5K-4,OC3O5P.W[HU:QV@1L)#P[V-X"A"F6&F&HK'_DQR
M'_8MUW)HH#MRYM/EE^+J=E%<7'\L;FX7259W'V>;XMULD\#=L\,U;!EP' +%
M7&LN&18$4N7J(7"452B&_09;U3 P=V3*BY_?N_,<:1%P7&49U=PQX9B/^B+B
M]<1!7&:N(OW[</4JAG((C#J*U=\6BY0?\'9U^66V+JX^E#^*E;KZ?[?K3;*^
MFL7L=ET<W#A:O"%(*33%L0,B>?)0" Q%]9"@RDR).I7-HS?!EF.@//XEQX._
M]-M692)>:!>D\ 19PISAB'.O@#.PGG34Y.BN[0.2?\=S5)_BR7(VNU?/YEMC
MQ661AIP&EZZ//I2;^._Y;/%NMOIGL;U1.NAZUNI- 7DJ'7%0$2"PX!Y)JJHA
M$H[0>:QI/8O[F6_:D)@/1*O[PA>?RT_%8F%OB\^ENED515J-.[)K_PN#<%A9
M!#DT"$J2"@X:]7#0(#G.1Q.,JQR?9+U!/_YNJM;K8K,VMZO5R\P[TB)PA1S'
MU@(IL#($4(9K;4$H/VHPXY".M,.0JU]T3\6>]W$^M";00Z.T'F,CG-;246<H
MAL#7HR2*YUR[M;X3/A\.=0;X5#1J09[@#<)*0L2X(!JD&Q]>W4MZ!FW.CM;^
M F3P2-5Q"-,2U/%I4I5O2EMPB_7F>;/@":28.N49D])"JQ6MS]#"B)Q$$\T3
MI<E[^BRW!:BN/K\RO6@ G$_*J):;V(LM T6(4R8II)10QS3F;!<#0P%T+"<!
M7W-[PJ^\.A=*=4;YI*QJRZ5@G+!(<Z(Q@A9@  35U=BXX#DV3M%U97KU^UMW
M@$_AP[U81-17L\7'^<V7>*C\6%PN9O.O9K;^TM";>_\+ K=1!4R[N: 8*R$I
MX[:>.@#FA#'+<[<$# KU6$1[-UO=S)>V^)8J8![5NU]X.D#.D.(B#H)P);$W
M<1I5XW(&9=7( ;\+A_*!/=4I[=%:JC8U(N^+-F?_O>\(Q%#+$-0^XI>2X7#+
MZ]4Y_BNKO$U[>_BKW_CZA7NZ"8=2LMN+Z^VMYMDF%XI')^,X(0IB2SEV5&FW
M30Y%F9*.-$H],<P2\9A23[A75US>U?:^NEA^3(FO5O/EC9ZMY^N_EN7?ZV+U
M/=TBOEE^N]W$/T=-/[9YN%T\L+(,_>E E.#" *,Y,DQ"Z>P#ZG%]SO&TG=#]
MW$C,W)=H:!K".[4C;HY#.!#&(D$I!BP.F% @O:Q&"C@X,R?<Z1"GC5MX.QF=
MFHVY;N&(""*\%0Y+3Y1$\9Q-J]%Z9<XL=K0?P;=S"V^'\%!NX7\MYQN<YQO^
MZ!4!0J"MM@(PC9D#VFD#JT%AR<[,'Z8O";=Q$.^.=KLE:=A\?-!893Q0*)Z+
MI*-825M# V"6(6N"+BV3V_#R13(,F=KF\W-**6P!51*D6$$H+215G^."G7,1
M.*'E)DM:^S(!MH,NRXMNR$R &F"%$7/:,H.E4U024PV#2SJJGC)J)L#&\FN=
M"; =I*\ZZ1+T EAOG*1(QQ_C2'TU4HU8CG5@@JG\)[<+#2"CUYRTR4&,-+-4
M6VP],T9I@NL93=29V*KZ%7J;=$_M\'V%Z9[B%&,,.!&W!HL0\A&R>OHA>6;I
M3_H1==-T3ZV@'8LZ R[H;QO$9HWQ^0 %HM902Q'D3'C@B=85\D30G.OJ*2><
MFMH6/4%9]Q/8\_XV3?#R^ET\7_V8;3;K)W:7<E^ <^OW!.<%5AISB7&J0\^$
MH+8:'G/XS&QCTV+,_FB@W@5W L^.>/"<W:2JL3]FJZL/JWBX:^;-\;Q=,%HQ
M[[5CSGGI)> $U8<_('D.27\OPUQWD@XAJ G[?L0O;6/M+J[=;+6,Z*[?+*_+
MU==M!\[6'00IA:AA!,FH67)M&32[4O<00]<LD\YXAI;UGU&K?ENNUW4(^<=B
ML170^LO\F[Y[LXP$*&I1OGTA$/W74]XQQY#Q.A$0\U)KX#S"E$A(N;6@DH1W
M[DR.32.QM8%E9Q)BG-)=F%"QJQ9K0QRA3%,K1=USB>R9)=6:(B4.W(JU$\XT
M;L6\%-Y:1A$GUL2CGJ98U;,5@5&K(XU[*]986OMNQ=I!-]E;L12=YQD"'FEA
MG>#)9Z4:!I-HU/J*H]Z*-99?ZUNQ=I".=0CLJSX61SHNE8)X9RB#CBL%ZHE#
M'3^STNT3WH-ZE=/I6-B]TI9F)"(45V_*C'18<D9D-4+L\)EI0[EB;EJCJQVJ
MXYFPAJ[1E;*8*2@TU1Y:S 0R.RM)'#<7N85PIL^FMN+O4*.K'<2OV5U$$,$-
MQY HJS"FB!A'JI$2DU5$<K :7:]@J^L1\]?L_J$HA I(+:BGF!L%D>7U2/-*
MZYRF9E=CT;5QXFB'TNMSXL">Q8GCXBDVY0N+)UBN634^@%56>/;T-JQ^1-W0
MB:,=M&-19\]B>V2?.M JT)033"KFB&$>.(8IT-4XA5,Y66PFGH]MLEM<?^(Z
M,2V/;G$'VP5LH-36&YW"U+WCB#%:C=5P=&:'NUZDWHQ)G? =BTLIO/]X":Y'
M3P6IJ/*><.F94TX3AW"]]%-$S\Q5IB>9EGWA.9[6M-Y<7#=CQ[-G@U9 @923
MSA(*F'%"JWH[IW&O/R^3Y3 <R47UE*?Y>HM_VZJ.P*$7! YL7'ZY$YYS#SCP
M&+IZ?X<T1W6:8&&V5Z X#2*W\5E;]?AB^?"[ICF7]K0-& %DF=("*L^]BPOZ
MPUTGU>A,;GF'(L)>GO4#]W3][;;S\0P=Z@2V4:>FD@HOG6982+XS<7OKL6YT
M@SF0^EN7CWJ1Q&^6CUP@ZR%^2)GE(B-J0#Y'(>G8P9>JEPSTI:"<T0!H$'5$
M;R6)>H%P%:9*\#.)2!N)=T_5\Y/*:K2CW^%15HOMGM$6JZTC\/*R#_:W_U;P
MWG/-I;**4P>!I-[1"E/.>(XZ.*$CQB3Y/[BTQI\![\O$@=GBOMS,^N+ZXG:S
MWLR65]LKVPJ#:HK?;]3M>)_UA80?B/H-HUY#I[&%$OA:DH[EY&294#3\J=D^
MIHS&XKCZ/ILO4D=]N4K&A$\I4&8;7=6$OPU:!PRUIL! :"+L1A&/5+V[,>Y'
MK3%S;MSL'__QU]:/Q6PQ_U=Q56T;'1;/PZ\(@G)$@!#."B"4LY:R>N8IGU6]
M=$*FH5.OCKT*8;R[LN_%?276M5G,UNOY];RXTO7U\VVJ7KA)4^K.1E6F,35S
M7AOB+*561'2,-,H!( F%%5*6VIS-O'F)G#.EZXB"&3V5Q'W*\0C?HZSC+T3
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MXTBKX $11'(/1<J?J6._-7XXI60YA4XP7K577O0+;4=6;/,E%^M-ZD1YC?]
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MAGKN^X"5A1AS**BWG*1CHUQ]O1IX97=&!SP^CII65!T*,:_OF^ T3 %\[O-
M)8:*D/C_C#:6&@YD32=.LJ(U1UA-J9>+I@.Z7@HQIWN?/SL@<(P8$9)@B(6@
MUO*HSE>[4TI=699Z'H-/H*451=O;AI,ULC)#UN:?4\;A(X,"H=IYB2"66A&
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M7UL9_*XTAJ[H.31&&D C""VMP<H8AC65W&@0D;[? 4MA#M>A173 P0-8.).
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M &ODJTCB(1$P:$6;QOP[NZ+->20=RK*P$WIJM4IA&4FA^QA__43FYJ$AP1#
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M5Z:^_0.=\N9(4L5Y5!I'4H7!-GENB?;0>L&8,4Y7:U;:FC%Q-HOFAU(CSB/
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M6.PX>N^Y-T?L98<^#XQ$%0 8:Q1'2,2325A%/B^]S3& H3_4;] 1K0?(,SF
MX+3:]_=GH8/LDP:_$DR\$K 22E"I)4$8 EL%G7ON1):0>_$37(!% WL-/D51
M72X3%?OP&CR9/0AJ"+=66RPB5;CU3%2V06^P0SEH??$:#,B:?K-7=KQ]" DO
M;U;%UV*Y+3;EIW3N9O.=&C'=KC?E;61B7B;+F3\6D):06B4-4U9YB+GPE2G
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M'AT>GA.>35\<+KTPH;/K\C'.UXOY+"UG&E70V^UB,[];S)L:GQM-%1!4#DN
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MJ'A:L3<84ZV-M<08PJI=0<JN)&:L3W8?050K&K=U^BQO5Q_+^+_'\TM^_BH
MJU)Y&>A97 ]U2!+KZVN8NJOK4MZ>-V571,SB[\?E[5T#!C]\%A!W!J902(B1
MX%0))ZK%:4)$3F6Q$=X>G7*X-17;L[@9AW]:FI><*4>L$1ZD/F(((EDMC:*L
M)($1*:3=,SB#B&V#>^/O[>3&ZG@@[Y//@A46$,FC<DV@ Y91!"O-6@/!<A3
M$?K,.^)P)A7;LOBO-^\VY;N_WASG\,]?!4D\!0(3#ZPWQ@(6G\;5TAQU.4[/
M$55[[IK!643,$=$G3_"3KT)J@4. )T!9'Q?'C9;U[:$\SK$GC:@R<A\BNC41
M+VP,>-T@HO[4T* L9<PJ*J.*X2S65JCZ4B)*7]G-/HJ'?UOB7QAN^^C"]=N;
M1__M?.0]-TOP'@&$%0><6R:I,![7UV8\R3F)Z"-_(>;!HAG>.B#YQ0-R=@?Q
M.N-QL%;..H\ILUK%_U$8^UUH%)+Q,B.-HODO%8^S8TN3\+QSIPH":, 8%()9
MJB- D;*BHHIDXDK*$70/DK.C<++H/IA<^%!\3DZ;5\M=/;_'5\_@LN!^*>^+
MNU2/=?FY@0PX-"00(PTQ3J1_,F58?%_LV4J\!:99"YYA=GE>-&Z#T2%"RR.O
M* 1(IFXA@G-6[9UZG6,T'.$)SX? TY/=.8DO>)@_;&]O)ZOY_Q8S/U].EM/Y
M9/'H;R\=C=OEB=<2*AF?F )2+Y&7)CXU=RQ)S8L;QI[W?=L_7?PC5N@?]W_9
M//:V\6P!6@X$TEI#IPADT@,/*MHX8J_LSL^'R,&[OB^2#_4"_1#Y5Z1%ZNTZ
MOHK6Z_LU'RINTVA<$)%VPALC1.H?#3%04%1[-5CG1-6,$5Y]HN$I\CJD^V 8
MVR_Q9#S#3]\%YJQU0F)%/(7Q'J7V/H\E[H4Z=F6^[([X^KSFTHJB6=FJ]_&B
M]S6[WM[4I;R.&]J;C U2<&'CSW).N8B/)4L9KK8AH!FTDN80-2!:,O&7Q-)N
MZ3JRVGJ&<XD=X2P*5$F!9-+5\I0HDU-!]^RXB-\#%!V3=*C+Q)2K>+E&8:F6
ML[>;+\5AU]V)$8%KBQ2Q0!FO#9<N96I7^V/>74D[\VX TRTM!U8\GE/'FGCT
MF@P/W!FNJ9(*2^^,E_$945_-5L,KJ^P[J*K;/?E' +QWJ_)FOGE=KIMX-,Z:
M)WCGA0(2(:)YO+%=I+BN:,&]S:PB/\S3/(_)S1&43;ZAH.125[)551;DQ^&*
M+L<'!&&P!8A :%,/,Z0TE[7$Q]3E5+(:L];<->_+'H@]G.J4ZES^K2QGZP_E
M8E:M_:CJ].R(( C1QA")+=&,("2\9K7=S((KR:@;%DK=T+KEL^QOJ[B%-Y/5
MYX-)UH^^"!P"+*$UQ.&=)T4(*NN7(E7#)LV5F\GB-V9_'FU;LGNGNM?%H]Q]
MZ_8#G'_^XV"CGF\ITD8A3E'RE+O:=BZDSG$AC#",N7\0=$+F8:^2>XO2VA:1
M7=/YGHW+V8F^NV?/$0A7GCE!*(/"82\\\;5EBA.0H]B.,*!ZR.NF>^H/A<#Z
MI.R3CA--CF#MF:\#<E&\Q@<HPDQ#21D0LCY9A,H<._+Y8=R_^2W6'9V'PL^K
MY==BWPMZO]2JKL$1$!T:$K#D3&#.=TJ_E010QZL=:NYRKD+^I\JGCHB=HR#M
M?]@6L^T^?L]]GRZVL]V.#V*E^># G*%:*(<%1%QSX/FCX .;5<M<_&FHZ8WL
MPXFC_?+N];ZC4NBG+P.S3,57H0#6$L8!9EZK>C_"YCS&9&,8R3V,EL7G%/GZ
M\3='4S>D'@XZU57K(YWV3<"WD28/#7YU$:E3U-59BG@J(F$BD^?+R>K'SL;Z
M5QG_=KF)+%@<%W #_&J P$/.0,2%EUHB3(6H13S@*"M\"/RIJMEX&#;LP8@[
MN3^_NE@6D9HG0?W+B)!V 1S%D'MJ4\(CT:[6.1#("I?\@ZWGW9![*#@];/P(
M@AX^"M0319R-+V1#N"#,2U"_FXGU61Z7\ZWD5R+%6M-W*)3\56P>)*W:;%;S
M3]O-+O&G//N./7NN@!4DWA/L!8KTC!1B#X\C0&".8P8V-\W_K U> >KZ9L10
MX+3SK_-9L9RMWU6,_+ YGEYT8$2P'B%# 2%.8J^AM\0^J,(.9=V(S<W_U_GL
MZ(;FEQ%X7R?SQ?Y@F/+VMESN5OZE7$3.KO5D?=3;?.9,01!/)$!68HLLXE8^
M"BS"\:]R,'B^7^!*+MA^F3 4*-5Z76R.Z6G[#W:K)X)[Y+G5B$!B=1VH86E6
MM:TQAPWW$V[5BJ9#(2(%5GR;+Q9',%%]$N)1T49[QWR<2VO XE%ZT"Q9CF=H
MO)'!_6"B)4TOF"![X?H7G6; 6N=,:I4=E4_"N;%,[1.>L27.H$9YWZ/(@#VK
M[,59,T9<(D L] Q3ZBQWJ:]X12/)<*.Z +]1FEDV5/(R85N2?3AQ,/^\G-_,
MIY/E1DVGJ9A/*F->+N;3U!IW.7M?K._*Y7K^:1?NZ<M5G41?)_!=3G0\L^+3
MPN/PH."9D,2P>'LKB:7SJ?_YOJ8!A?%)VT@YZDE\'&-3(VG1:()@F$TM/9F.
M^R;0:,CN@_$B!8RG@Z8:]B\<NH#"4_'0!YU_*VEPZ8H:70L%*:BT6E-*,!0<
M0$4,H  Y[[""TC5Z=#<*P3#E(JXL)9O-OQ9JM9HL/^\H^O;;LEB]_;28?]Y[
MK6QQ,]DN-@=;++>>*V ).291O8U7%1':40NKK7IL3)8Q];<Z_8UY7@Y+\I;!
M/;55(RHHZ\FB^%!,MZM=R]U(@^WMOK7N+B;[[\M5,5FD8CE_F\R7?Q6;\N;C
MY/O'9.HY@+1.Y@[$$8(L1)'P"G##I5>F(D.J(WA=^14=(^\2+!C>@#_YL;/+
MG:@-].SW01H$F<-&$@RTQM";U-]GOS>J=4[.Z@CM&QW"JTNRG@>9=3']K\_E
MU_^>%?.$%I+^)8&$/ ))_$_A=?%YLG!QMP=;%CWS5: 86$J!-@9SK+&U$>O[
ME1/ I,RRI(\/$)G<*[NB8S\(V"_G8+&=IY\$RI"$C!B!!  <J_CVQ]6:M6-7
M4@HLBUME)Z0;;4$=#5 JA^@U081RHCFWHMJ&86)0/;=/)TA[_IU=2^<\DHZL
MEH[4' "!, 0PG0R+#.'UXD56.L.(M,].T- Q+2^E1KYN4 WEX)B@(M49@P10
MS(A"4EOKJSU"<FVOE6ZTAZZI.ESB9QT&\+#T8I4:?A:VF"[B/V9'0-1D>,"4
M,@==VG Z.<A;ZJJ=$W5M+ID.$/!+:F?G1!XLQO:^8^S;&SM?[\/L=I732W5S
M,U_,X\O]:/#MZ='!4NN)=3K54.24 4Q53=3XSYRLJ]] 6.6#JWL:#W[I/3H?
M9K+^TN3.>S(D "Y,/#]Q?UIZ@+FU%E4[Q-KG9*2/T(+2/8HZ(NQOY0FJ/K\:
M5Y"!S!IKC:(TOJ,9HL3<AQA"8PBXH'_81%[$U<[VP9%IW3^:>(6/#0N4.R$=
MC6\Y2ATTPJK[B(6X6^+-E=4C[H+MOZ@EG5%WL#I^C\)=W7^V\6@W!]/)L8$0
M!XADWE#.@"3QZ4E0M6>O24Z?R!&J(CT@JFL2#Q<R_^T1-5;E,O[K]-$E<0;*
MSITJ&(N0011I0CD0E%MD0441!K/,O2/47'H 7<\4'^XA_T@:_V.RFB?%KDYX
MW]G%]AMI>E\>FR-8&?4YP&4J.ZR@,IZ#FMA0\"OK>=SWY=DAJ8?3H).LUI-U
M,4L&TF*YOFQKL8<>3F]O'B_HOG=;JHZUWAE,/J4E5X_>!OIRWL3!8F",A0)'
M+BKN",5V?V$1XS!O%UXU,,7TXXTUN<,R9PZ06&&P YXBB#F11&!:T4SSO#RP
M\0F7H0#VRXM]2"9=6"Q=.FASK-))1GXII^(5 R3B"C.F#:91LS;Q#Y W\A3W
MGE!2@_#Q!A]%(*[UCU^ JKY-5K,S&JWE_48\A%HYY[4"TCF!+,;)2+JGHV/R
MRB)+AP+=X=240=DUF*]D,5G^-;DM3G1J>_Q9B )>0VPM5<H+ PQ4 %4[L3#+
M53M"X%T  4^])>V)/S2,3K9G^_G#8)5&BBFAA6?:.T ]U-5NB'97EAO3CI$'
MT-"*@FW#QXK5+@]O.2WN361Q$<>#Q@Z/"#QJ:BK^ "60(B<P(;3>N:8LYQT_
M8J:?RZ^R#V(.5CIA)_7B3YZX5W[Z+@!AF09"4FT=QTYIDA3\^R.AO+LN6_;E
M+Y8<Z@_F/6E-FX?=+6>-[Z<^?BY8;[4'%@CG(!"4*:UKRGK'KJQU>DM4/56\
M+\^(EI?E^R*%M$PW]Q67TBH>Y/=NR>NC5V?C\8$1Q2DP/@4,:F$5A;B^2["Z
MMLSBRR*B[)]!0XG4)^L_V?ORV>^#8$!K!KSD7A,(O *LWINT/+-1W%C UQ._
MR^XI/-A3K[$P.S$B1(IH"9TECD2M&*CXO[@^>\9?213E, CJAL8M;[PWD]6_
MB\U.[#:XWPY\'91+KD4F,7-& L<IM;!:*C4H)V)[1' 8W6W6#3N&DC[N]FY1
M_BB*W3EZ>Y=H=E+^'!P3L >$<.2B7LJMB;\HY</#R>N<!^<(XUA& ;FNF3*F
M#&@/4C:$TY)2++SEQ#X<&08&;FEXQ?:+?-J/(VM:$P <9)P88#@B4$%17\Z0
M9B4 C$B%SN+6H:SI\T@WVJQI[ZR6Q!*?DAYTO&FQI;7T5'105]J@6=.-^7=V
MUO1Y)!U9UC2FBE"GC"$,<!V5=P]9M7CE1,X-,JI2PIW@H6-J#N8;F?UKNV]*
MM_;EZD@D\"G?R3GS!*Z-8\10CEF*):;$H3H @DF1TTADA,&S(_"M],B=H9":
M-/ZW-VI6-GMG/?=YI!\6%O!(-J$0P8!#YFN#!F4Y^2DCTG%ZYGK9.:$'$W;U
M_C]L)LM9/%;KO]_-)ILB?A_7=A)3C<8'0J6F!B/GL=#&>B10?4B)\U?F",EC
M_U,YU0.!A\NLNT^+W4=%) %?+AO<G$?'!:V,I=)X$8^E=A#*^!_V>Q42>IJ3
MW#3&1N$7ORF[Y,9@9LB?EWHRK.#9[X.R!A/!N,'Q >QXJH]LJ[T)27+,CR,4
M6QWQ^:D=L0/*#N=XW<3%%3,W62VCP#WM.7M^0! 088&<]3PU<$*:48FJW7EH
MKRR +I/#O[A:.R#I8 KX?),D\ZOE+)6ZV$X6)RZV9[\/R#@)B7($2Z,U%$94
M@EE(BF2."LZN]UKJ@I87P\D_YYLON\R(5%;GR_SN8WG"-MURID@/!#V'W(&H
M&E)OK-*UV.;49I;9ZDE_SN/L*9QT2K&A$/1FLISLC]/)2^GIIX$QB[UUVENH
MC(2((R7K'6EW9?D@O?&[[)3,+0W;YLMDGL)(WD5^I.)*&[6<F2_SXL9]+Z;;
M5(;_[<W-?%JLCMJYSYPE$*8-A=0*I+2.2B#C%-=; \U2 G^?T(^^$=0_!UJ"
MJ_[M?\1?KE<VN5]97>VJ"<+:3!40C[J=@= B1Y T0%E?ZXR,V"LK63\$S 9@
MP^#&)+.8K-=1[]Q%ZC4T)#T=$SA7\=T*XE,V*A'.Q+<$U]4>+58Y[A8^/JA=
M7EOOBA.#5<YYM,R32OFO'P?KE8=:60$BC31EQ&M>[4K+:].Y.N#NTU(XN20=
MKL127=ORI&;^R[<!,( ,D]1IIK0@D$I2ZXQ49,43C"J^I NV'BZ W(J8+74D
M%7=8?"UF'^Z*Z?QF7LQ>W=ZMRJ_%OL'LKJW03G[N*]:]+S;;U?+C_+;PJ\-9
M_)W,&QCGGA@'B*,I,\$"KF&M'Z L+(D1BIR+76F7X-8EP'KPVNMHYJ X4UA:
M$W<O+!-(>T0K$IBK*0$_,%RZ FDK'N7!='W.0M7&+6=O;Y(7?!=4%AG]L8Q_
M@O$A_>%+\;Y(RU]74>Q'WZI#_7P@ F)/(2: $^H()MC63@RL[)7X$P>'WJ^0
M'QLK+W(NR&7/1?.?#XPY0P0!T" @J,? [G+0F1.I/;FZDAK)O^^YZ(V5%SD7
M]++GHOG/I\<SI\1"; W1$E&4JJ11ABERP!EU)>EOO^^YZ(V5F>=BLMYO9WKW
MD'6\F:P^%YM//S9?BF(Y*]/RY60Y6W\I5OL%3Y;%.>#OY#>"4Y00#1%2 L>'
M/_3D(:H(:Y%C\1]1U/L8$'X)?@T#8WYTR5V"N<DO!<L M)!P8ZR23,9_M:P.
M?#(\IX7(B,)3?R-(]\"U3'/,NB+8+PO?1/+<-+04-IPE8"LDA\@RG0SND$$#
M7+TU0G.<]W(\@!R77; ?WO0/NT8VO\;S!&PHU$(2Q;2*;P(EC*M/E0/Z2@JK
M]<KX=N!J1?],>/VRFOBGI"1'\9ML*TTNXO_?WI4U)ZYDZ??Y&?,#NG-?(B8F
M(M<;U5';U'7?CG[*H$"V-8V1&T'=\OSZ28$1=ME@("4A,"\NET&IS'.^<S+S
MK+N-$3"76A#N!/'$<0T)(73M5+1GDI??,LM? 58;U&\)5-5\EM/B2<!Z,4[P
M%FBB,8OW.4<9I!2LP_BPY6=4]:H?X$KE0&?Q1V\=)S:=)C[NT'<[??"@+<3*
M,D=AU5V/L^I 6Y^D/4G::T%_@'O\<][1>-9[I"_+1)6_Q2_.R@^3K]DT+T:_
M38NR%>AO?EN@S$*(% /:TWA]8Q#+6H,0FU2HND<'A&, L2D9:(QYO1>*Q8\_
MLG)18V"Q3-B&-+SRFB"!,DA301 3GL:K!A5B14D%:(HIJD='F5,6@W2N'7B^
M/GC&CY/]-IB]UD6IJ:'C_=@"0N/E JC(#E49G-?97L*EI-#VR/5U1.@>B5.=
M%0!8E:]<5B-[?:6?B\F/N))L*8;EPF+]]/.J:=7G8O;/;/8M&Q8WD_S_LM$6
MW=W:.X.GEL1-T6&*-9$ "\Y)?2.2*$61]\A-U@-%WA<6GKR8+#<S7TP?_U1]
M;]NYI]N)!*F1==)C(:QBU" ":1U.:8E(Z2;:(R?=.0M4$WP]-$WR^CH;5DEU
M'R;#XBZ[&ORL-L)J'I-A/LX74UZW.GRZ$/=SF)5E?$!GD^PZGZF[JK;3IA3*
MAE\3A)/&56&*2%M#%%24U,Y[YUG*K9A=0-\/KG66]C2_FU>9JC^RY8(7=5Z?
M%M/+XW+OJ^[E2T%=UT/;EA]U\* !*06\IMA12QTBS@!2YT<[J5/N"WOG<W:1
M2'5$E=X9E[K"LGUD;BVQ'_/!]RBKLSPK/V=;.RUO?S)8QKBA@'AE.(C$KDS-
M==8&QRFEZOJ8DG4\3#;+B!2;R@NU_F3]WQ]>=$!>K/_K-/N1%_-R_+#X;S;Z
MI1_-PDJZ6-QX'C_-EQM(^64^*ZM<_BATG^=;?*!'GU= S#!C)(%5U@3$#!%6
M1SL00%.R[?L8@G1$:\X)L;EO4N9^9M-A7O90SG:?6; ::@>$I@YZ I7PW-<>
M>F:36ISTT@M\9J+6&J<;%;8_L_SF=K8(Z1A60+G)!F69WTRRT:P8+,(]XC3O
M%GVKEJ$>FT)9FQH^,,DU8EH+H9D"#AOCUIJ')-4$AA>/[Y'9U3UV7\0JM0#@
ME^\(6#(BJ*":<D @I+*NXBVDT":I3/K%8=L'GG7MK?TT^)G?S>^66\9CJ%3Y
M8?+/;##],FG<@;O];<$PI83E7DH'J?<>NG7,LX_7L11X7YRZ_>)>CX!^]6?1
M(=#CVX)3"#C!O!/",^2<@ZPV<Y%(OQ2@7_RU_>)>GX >W]>E3E^\+RCN+!95
MU(<'DE$#C*DW0"U!2KP\O/A2^\:_ ^'^I/WU_<(IL &F+[X7N.-6&&<CK3SE
MSE.B:LNM]R;I9G?Q6C9%]]Y'X3['OYK/;HOI&^%<C;\K<,*MUG$3L9(*B S@
MJ';E,@=3JAW /E:=/<& W(9XEVRR&#Z9]N"I7;&LOW*_G/9@85><3X>W\8_W
MTWR8%=?#16W,LK(HOFFX:.Q-P4B"K::4:*HL0M8C7N\D/K%=TL7=V1_.G9JR
M_S'(QU6FER^F"U=6!SK_UU<&S9P#$!KN>:2T4Q"N:ZICIE.*,,"+"[2'+.R]
MD#QF8#UQ+'V8S*;YI,R'?PS&\]<NDJV_,P#@&(:00ZNQ\,((:.O<<H9,2A(K
MNK@O^\C#3N5DF\M6;W#9OESO/QY=!>I'-AW</!9\BW\W123$8#B;#\97V?0.
MO25!W<XF6(,A)P 8KI6&U37?U'EE)D(E1;8N/M+3XF[75LN7"WO<9;\7/S)7
M=;G)LW(1 ?&U.ITV;<3<\_7! 2V4K H\2LV1=56UDQ4Q$8(IT<3HXHCM.3M[
M?W+S@WRZV&I56<[OEK10D]&G;'9;C(IQ<?.@OI<+[=#&&6[WMP>-$0,VXA%R
M%Z^1C%E9M_8P5B2)$3XC8>@O3[K>)UY;B/MYGU4!<O\S'TRC+AP_V*I?6C89
MM9&#OO<$@B40<>H-TH!)R;D1NNYP) 1*,NJ>T5;1!D2;V$O:9OA)[B;?\O)?
M?IIE\6:716C.-DA:9^\.G-JX;7L+$,+*26PH6%O?J4YI%7-.Y[$6A:ROO#Y)
M^5HIF#=VLL[>'?2BKZQ64$B/!$ <Z-IF@S!(D:]SBLP[-?EJ@-<G+5]_%%6B
MZCB?/1Q#PIZ_/5#"O17QAV)8 <$,9;5>,\BG!$J=4U#@J<I8$K=[+V6?B\G2
MZN+^/8]+_#")+)A7GSZUPGPKQF-?3*OOM^)CW7,. 5C.O5!:,>VY% 8_P0=#
M,B49#IV3R!W3Z=HN3WLO5R^7/;O-IE>W@T>RE'5MG(VIIYW/(3"'A (1&](I
MB2V45M;-[Q"@*9ZDO4T>RW#%WV?QIMY/X6H/X4W)8,O\/WT9?%ZE]B@B^'P*
M 0"&L*3$D_C#(<VAJ:O)(9N4*7A.]I SD+TDQI^^Z/VQT#M'%;WG4PC8<$6X
M!$YA@P FA+/Z^@R92BD=N+NI1"Y%;Y+=Q+O&Z.HB@7WE_^E+8&3,=98?6PA?
MS"*(>%414B ,#('Q%P?,V@W#0<H6N/O=[KD<7D2PI]SOO11^J6U)^73Q3*NG
MS<UO"U0ZR1W5*A*80N:TQ>M, "Q3 G!W3^:\2%6ON-Q[Z3E)(XK'7%H4M1?V
MA'(C%#4U'B#'*4:4O?-:ET84-[G(6C^Y?T82^$M \^)Z:Z.:KUTK+3L1VIEI
MT QZ'8\>6!I3M1'3<EW1RCF9TI(27:H@G _GWY,D]UQ\XRE(<Z UT1)6S0+B
M*4C5.A@C>W%C]$EZ>J@%]@30Z8O^<UMT/^5_SSD&@A"U@C#.%6066@)M?14"
MD"5EG)Y5XX!WHP#:1=#I:X'G]O!^:H$]YQB0PO&:2+TGW$K&&9&^KOF&XVWR
M$O_ZOG1 N_@Y?1WP:)"?1\CW4P'L,\$ @&%$"PI]5<I7."[6W4$8X"EYBN<4
M)OANI+]%\/1&],O]W0:_T&+5JV!3QOZQIA*,$Q8S*IW!@#&D7*11W010^Y1:
M2WN;XBY'^@8%^KA Z8WH7DQWP7O$O;:4&NP$,)@;4D,,0IF2='UNSK-3$_+^
MP:?W@O^R'DK+3K2M+PP0J*A3@87*(PTIHT;49E%)2%*R]J5D<^\8>(+BT5X8
MR*9WA7C.T$8C!#1%G%G*,5=KAS]*<1"?G[.I(7BV)RT',?54!*7]=)?7<QN8
M%$1Q32 %5"NE/$"U%B2X6U=,C[>-?@I'$B\[DXRJ)MR'LIQG(SN?5LVJEYJP
M6MBR8%Q]DWSLP[@-_7L/%B@T%EDEC3/,.V(!!#55?+R+7G)'.@!ZVVP[%37_
MQ,K9@:Y_Y6U!*P:-$IH*6+7EEE3S.I7&8I"2GW]H"L?[$X>C\_54Y.7XR1D2
M&^@T]PAB$ ^=40?1.NG%8YMB]3HT.>,B+YWS]53DY;CW;0LLE\Q"CP5 C%JO
MU@EB'%TLQ+T7E%26GJ"8;'-652RY[M*BN^-D@I7<:JZ4))(P#IRUMG:B8>B2
MBCQ?FIJ=%'//3.2.+V<!8Z25L19;I[&40JAUK6'"<$I<XGNP&C<.\^-(Y)XP
MZ(T8OA6OL372NK/PHMUG$:B2PC'CG0 0:"@,%G689X1,4@N=,]KJ>BB(1P/!
MR0CC:I%'E\>])A(\I,@#SSR$Q MBG0*U:H3Q'GV)W#]5D6P3!R<CE:^85X\E
MEWM.)1#E$4+2,JD))\HH*^I2=9*+;@HT722S!<EL%PDG(YLG'"*/K*"&>\8
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M+W]CA]SP1 !><! 71:R6TFGG\-K,0:Q*"?CK8S_:EO?!9JA\1!2]N:=M?"8
M:*1#ODI:Q5)A;+Q=!UY )L]+(25S^FWD'$37(V'G3>?OJ]\/2$',A//(:LVI
M]939M78%25WN3@,S^_)X.VH.HNIQXP@^KHJP[1TX4#\9<!6KJ9V&& I&@'?.
MUV?"*(TIK4/YJ>Y$S=+LT,C717.J+]>?LIO!/P:S65D[2#8%P6Y\(#AI%!9:
M&& D9<AX+6P]82W/S-_9&/N*%HA[(!IV=\'Y_.=CUNT&G!PR5(BW &D(] )
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MDQMU5\Q?Q=T!HP1**6'(*,$ 5IA3Z86K)0J2E)U5GC_PVJ=X5\A;460]]RT
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M'I___1__#U!+ 0(4 Q0    ( (N!6TOAEN*:KN<# ">T/@ 0
M  "  0    !P;FTM,C Q-S Y,S N>&UL4$L! A0#%     @ BX%;2TYP<G^K
M+P  N"$" !               ( !W.<# '!N;2TR,#$W,#DS,"YX<V102P$"
M% ,4    " "+@5M+CE"8E:HL  !>ZP$ %               @ &U%P0 <&YM
M+3(P,3<P.3,P7V-A;"YX;6Q02P$"% ,4    " "+@5M+P6(I=0@" 0!61@P
M%               @ &11 0 <&YM+3(P,3<P.3,P7V1E9BYX;6Q02P$"% ,4
M    " "+@5M+!$':U_^> 0#8^18 %               @ '+1@4 <&YM+3(P
M,3<P.3,P7VQA8BYX;6Q02P$"% ,4    " "+@5M+1VEY&Z . 0"P0 T %
M            @ '\Y08 <&YM+3(P,3<P.3,P7W!R92YX;6Q02P4&      8
,!@"$ 0  SO0'

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
